Note 8 - Accrued Liabilities

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note

8

 — Accrued Liabilities

Accrued liabilities consisted of the following:

	Successor		Predecessor
	December 31,		December 31,
	2016		2015
Customer deposits	$	72,192	$	611,341
Accrued compensation and benefits		91,325		532,435
Other payables		124,484		518,734
Due to Arthrex		-		31,785
Accrued professional fees		213,116		190,787
Accrued loss on abandonment of lease, current portion		88,560		103,173
Accrued Angel machine rework costs		465,000		465,000
	$	1,054,677	$	2,453,255

An accrual of

$600,000

was established in

2014

for machine refurbishment and design improvement costs required for certain centrifuges placed with customers; as of

December

31,

2016

and

2015,

the remaining accrued liability was

$465,000.