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

Accrued Expenses (Tables)

v2.4.1.9
Accrued Expenses (Tables)
12 Months Ended
Dec. 31, 2013
Payables and Accruals [Abstract]  
Accrued Expenses

Accrued expenses consist of the following:

 

     December 31,  
     2013      2012  

Accrued expenses

     

Accrued expenses bonus payments

   $ 137,660       $ 279,708   

Accrued expenses severance payments

     319,031         —    

Payroll related accruals

     90,549         110,822   

Other accrued expenses

     12,389         20,959   
  

 

 

    

 

 

 

Total amount of accrued expenses

  559,629      411,489   
  

 

 

    

 

 

 

Accrued expenses, non-current

Reserve for litigation TUM

  373,059      358,121   

Accrued expenses Restoration

  6,883      6,607   

Total amount of accrued expenses non-current

  379,942      364,728   
  

 

 

    

 

 

 

Total amount of accrued expenses

$ 939,571    $ 776,218