|
Note 7: Accrued
Liabilities – Current
As of September
30, 2018, and December 31, 2017, the Company had the following current accrued liabilities:
| |
|
September
30,
2018
|
|
|
December
31,
2017
|
|
| Accrued Salaries and Wages (a) |
|
$ |
131,551 |
|
|
$ |
168,549 |
|
| Participations Payable (b) |
|
|
1,001,730 |
|
|
|
697,513 |
|
| Other Accrued Expenses (c) |
|
|
331,061 |
|
|
|
1,020,457 |
|
| Total Accrued Liabilities - Current |
|
$ |
1,464,342 |
|
|
$ |
1,886,519 |
|
_________________
| |
(a) |
Accrued Salaries
and Wages represent accrued vacation payable to employees. |
| |
(b) |
Participations
Payable represents amounts due to third party participants based on cash collected as of September 30,2018 |
| |
(c) |
Other Accrued Expenses
include estimates of expenses incurred but not yet recorded. |
|