Note 2 - Accrued Expenses

3 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Accounts Payable, Accrued Liabilities, and Other Liabilities Disclosure, Current [Text Block]

Note 2. Accrued Expenses

Accrued expenses consisted of the following balances:

	March 31, 2016		December 31, 2015
Indemnification liability	$	450,000	$	450,000
Accrued commissions		400,399		440,232
Reserve for merchant losses		248,868		248,868
Other accrued expenses		125,335		112,414
Accrued taxes		55,388		54,077
Accrued salaries		65,255		23,147
Total accrued expenses	$	1,345,245	$	1,328,738