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Accrued Liabilities
3 Months Ended
Mar. 31, 2016
Accrued Liabilities Current [Abstract]  
Accrued Liabilities

Note 7. Accrued Liabilities

 

Accrued liabilities consist of the following:

 

 

 

March 31,

 

 

December 31,

 

 

 

2016

 

 

2015

 

Employee compensation and benefits

 

$

371,843

 

 

$

1,240,314

 

Employee compensation for future absences

 

 

141,655

 

 

 

154,107

 

Interest

 

 

77,917

 

 

 

77,917

 

Professional fees

 

 

135,739

 

 

 

140,385

 

Accrued construction costs

 

 

237,552

 

 

 

 

Other accrued liabilities

 

 

286,143

 

 

 

302,545

 

 

 

$

1,250,849

 

 

$

1,915,268

 

 

Employee compensation and benefits liability decreased as a result of the payment of the fiscal year 2015 annual performance-based bonuses during the first quarter 2016. Non-officer bonuses were paid out in cash while officer bonuses were paid in the form of fully vested shares of common stock granted under the 2014 Plan (Note 11).