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Accrued Liabilities
6 Months Ended
Jun. 30, 2016
Accrued Liabilities [Abstract]  
Accrued Liabilities

7. Accrued Liabilities

Accrued liabilities consist of the following:





 

 

 



June 30,

 

December 31,



2016

 

2015



 

 

 

Accrued salaries, bonus, and benefits

$     2,652,318

 

$    3,053,012

Accrued rent

1,159,038 

 

1,361,379 

Accrued licenses and maintenance fees

575,583 

 

666,373 

Accrued interest

494,067 

 

494,703 

Accrued warranties

258,450 

 

316,835 

Accrued taxes

313,379 

 

324,226 

Other

248,516 

 

117,465 

Total accrued liabilities

5,701,351 

 

6,333,993 

Less: Long term accrued liabilities

(270,296)

 

(275,603)

Total current accrued liabilities

$     5,431,055

 

$    6,058,390





Our primary company facilities are located in St. Louis, Missouri where we currently lease approximately 52,000 square feet of office and 12,000 square feet of demonstration and assembly space. In the third quarter of 2013, the Company modified the existing lease agreement to terminate approximately 13,000 square feet of unimproved space. The costs associated with the termination were $515,138 and were accrued as a rent liability as of September 30, 2013. As of June 30, 2016, the remaining accrued costs associated with the termination were $233,197.

In the fourth quarter of 2015, the Company entered a sublease agreement to sublease 3,152 square feet of the first floor office space through December 31, 2018.  In July 2016, the Company and the subtenant mutually agreed to an early termination of the sublease, effective July 31, 2016.