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, 2016
Pro forma financial information  
8. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consist of the following at December 31, 2016 and 2015:

 

        2016   2015
Trade accounts payable      $   6,358,548    $     1,101,393
Accrued license fees           2,881,331                        -   
Accrued sales and federal excise taxes           2,863,363           2,204,098
Deferred revenue           1,874,641           1,157,036
Accrued network costs           1,416,000           3,423,483
Accrued sales commissions              819,106              981,121
Property and other taxes              581,956              534,388
Accrued payroll and vacation              421,733              555,493
Customer deposits              365,249              358,227
Interest payable              304,409                32,221
Credit card payable              265,985              384,257
Accrued USF fees              249,825              494,852
Accrued bonus              249,361              700,000
Professional and consulting fees              164,878              274,205
Rent                 127,781                82,894
Other            778,672    845,557
         $ 19,722,838    $   13,129,225