| Accounts Payable and Accrued Liabilities Disclosure [Text Block] |
| | 5.
| ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
As of March 31, 2016 and December 31, 2015, Accrued Expenses and Other Current Liabilities were comprised of the following:
|
|
| March 31, |
|
| December 31, |
| | |
| 2016 |
|
| 2015 |
| | Accrued interest payable[1]
|
| $
| 681,291 |
|
| $
| 817,452 |
| | Accrued dividends payable
|
|
| 471,023 |
|
|
| 451,133 |
| | Accrued compensation expense[2]
|
|
| 2,189,158 |
|
|
| 2,015,277 |
| | Other accrued expense
|
|
| 205,801 |
|
|
| 295,083 |
| | Accrued expenses, current
|
| $
| 3,547,273 |
|
| $
| 3,578,945 |
|
|
| [1]
| Accrued interest payable includes approximately $300,000 and $300,000 of estimated penalties and interest associated with the unpaid payroll taxes as of March 31, 2016 and December 31, 2015, respectively. |
|
| [2]
| Accrued compensation expense includes $1,863,031 and $1,863,031 of unpaid payroll taxes for the period ended March 31, 2016 and December 31, 2015, respectively. |
|