|
As of March 31, 2014 and December 31, 2013,
the Company has the following accrued liabilities:
| |
|
3/31/2014 |
|
|
12/31/2013 |
|
| Accrued Salaries and Wages |
|
|
|
|
|
|
|
|
| Accrued Salaries and Wages |
|
$ |
72,815 |
|
|
$ |
59,958 |
|
| |
|
|
|
|
|
|
|
|
| Disputed Trade Payables |
|
|
|
|
|
|
|
|
| Disputed Trade Payables (a) |
|
|
925,000 |
|
|
|
925,000 |
|
| |
|
|
|
|
|
|
|
|
| Services Advance |
|
|
|
|
|
|
|
|
| Services Advance (b) |
|
|
750,000 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
| Accrued Expenses |
|
|
|
|
|
|
|
|
| Allowance for Sales Returns |
|
|
43,000 |
|
|
|
43,000 |
|
| Distribution Arrangements Payable |
|
|
17,674 |
|
|
|
13,905 |
|
| Deferred Revenue |
|
|
67,435 |
|
|
|
– |
|
| Royalties Payable |
|
|
4,953 |
|
|
|
9,638 |
|
| Music Advances (c) |
|
|
450,000 |
|
|
|
450,000 |
|
| Other Accrued Expenses |
|
|
157,930 |
|
|
|
187,996 |
|
| Total Accrued Expenses |
|
|
740,992 |
|
|
|
704,539 |
|
| |
|
|
|
|
|
|
|
|
| Total Accrued Liabilities |
|
$ |
2,488,807 |
|
|
$ |
1,689,497 |
|
|