Annual report pursuant to Section 13 and 15(d)

8. Accounts Payable and Accrued Expenses

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8. Accounts Payable and Accrued Expenses
12 Months Ended
Dec. 31, 2015
Pro forma financial information  
8. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consist of the following at December 31, 2015 and 2014:

 

    December 31,     December 31,  
    2015     2014  
             
Trade accounts payable   $ 1,101,393     $ 3,028,902  
Accrued bonus     700,000       575,000  
Professional and consulting fees     274,205       132,521  
Property and other taxes     534,388       235,600  
Accrued network costs     3,423,483       1,384,159  
Rent     82,894       131,627  
Accrued universal service fund fees     494,852       538,302  
Customer deposits     358,227       398,111  
Credit card payable     384,257       -  
Accrued payroll and vacation     555,493       266,595  
Accrued sales and federal excise taxes     2,204,098       1,722,554  
Accrued sales commissions     981,121       864,928  
Interest payable     32,221       33,341  
Deferred revenue     1,157,036       729,618  
Other     845,557       430,256