The Company has recorded the following accrued expenses as of
June 30, 2015 and December 31, 2014, respectively:
|
|
|
|
|
|
|
|
|
| |
|
June 30,
2015 |
|
|
December 31,
2014 |
|
|
Accrued expenses
|
|
|
|
|
|
|
|
|
|
Accrued compensation expense
|
|
$ |
333,979 |
|
|
$ |
332,892 |
|
|
Accrued audit and tax expenses
|
|
|
148,500 |
|
|
|
403,450 |
|
|
Other accrued expenses
|
|
|
153,082 |
|
|
|
7,523 |
|
|
|
|
|
|
|
|
|
|
|
Total accrued expenses, current
|
|
|
635,561 |
|
|
|
743,865 |
|
|
|
|
|
|
|
|
|
|
|
Accrued expenses non-current
|
|
|
|
|
|
|
|
|
|
Reserve for litigation TUM
|
|
|
302,273 |
|
|
|
327,937 |
|
|
Accrued expenses restoration
|
|
|
5,577 |
|
|
|
6,051 |
|
|
Total accrued expenses, non-current
|
|
|
307,850 |
|
|
|
333,988 |
|
|
|
|
|
|
|
|
|
|
|
Total accrued expenses
|
|
$ |
943,411 |
|
|
$ |
1,077,853 |
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|
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