| Schedule of Accrued Expenses |
The Company has recorded the following accrued expenses as of
September 30, 2015 and December 31, 2014,
respectively:
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September 30, |
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December 31, |
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2015 |
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2014 |
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Accrued expenses:
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Accrued payroll and benefits
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$ |
480,626 |
|
|
$ |
332,892 |
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Accrued audit and tax
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|
156,553 |
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|
403,450 |
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Accrued professional fees, and other
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396,747 |
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|
7,524 |
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|
|
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Total accrued expenses
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|
|
1,033,926 |
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743,866 |
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Accrued expenses, non-current:
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Reserve for litigation TUM
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302,490 |
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|
327,937 |
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Accrued restoration cost
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|
5,581 |
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|
6,051 |
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Total accrued expenses, non-current
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|
|
308,071 |
|
|
|
333,988 |
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Total accrued expenses
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$ |
1,341,997 |
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|
$ |
1,077,854 |
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