3. Accounts Payable and Accrued Liabilities

9 Months Ended

Sep. 30, 2017

Payables and Accruals [Abstract]

Accounts Payable and Accrued Liabilities

As of September 30, 2017 and December 31, 2016, accounts payable and accrued liabilities consisted of the following:

	September 30, 2017		December 31, 2016
	(Unaudited)
Accounts payable	$	1,058,406	$	862,860
Due to copyright holders		686,867		601,421
Accrued payroll		243,166		180,894
Insurance premium financing payable		–		40,802
Advance from BMG Rights Management		200,000		–
Accrued settlement		–		200,000
Total	$	2,188,439	$	1,885,977

At December 31, 2016, the Company had accrued $200,000 related to the settlement of class action complaint. On January 7, 2017, BMG Rights Management (US) LLC (“BMG”) advanced the Company $200,000, which was used to pay off the settlement. The advance from BMG is to be applied to future billings from the Company to BMG for consulting services.