General form of registration statement for all companies including face-amount certificate companies

10. Disputed Trade Payable

v3.19.3.a.u2
10. Disputed Trade Payable
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Disputed Trade Payable Abstract    
Disputed Trade Payable

Note 11: Disputed Trade Payable

 

As part of the merger in 2013, the Company assumed certain liabilities from a previous member of A Squared which has claimed certain liabilities totaling $925,000. The Company disputes the basis for this liability. As of December 31, 2017, the Company believes that the statute of limitations applicable to the assertion of any legal claim relating to the collection of these liabilities has expired and therefore believes this liability is not owed.

Note 10: Disputed Trade Payable

 

As part of the merger in 2013, the Company assumed certain liabilities from a previous member of A Squared which has claimed certain liabilities totaling $925,000. The Company disputes the basis for this liability. As of September 30, 2018, the Company believes that the statute of limitations applicable to the assertion of any legal claim relating to the collection of these liabilities has expired and therefore believes this liability is not owed.