Quarterly report pursuant to Section 13 or 15(d)

Accrued expenses (Tables)

v3.2.0.727
Accrued expenses (Tables)
6 Months Ended
Jun. 30, 2015
Payables and Accruals [Abstract]  
Schedule of Accrued Expenses

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