Note 2 - Accrued Expenses

6 Months Ended

Jun. 30, 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:

	June 30, 2016		December 31, 2015
Indemnification liability	$	425,000	$	450,000
Accrued commissions		264,501		440,232
Reserve for merchant losses		248,868		248,868
Other accrued expenses		152,730		112,414
Accrued taxes		24,862		54,077
Accrued salaries		111,003		23,147
Total accrued expenses	$	1,226,964	$	1,328,738