Quarterly report pursuant to sections 13 or 15(d)

Accrued expenses

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Accrued expenses
 3 Months Ended
Mar. 31, 2014
Accrued expenses [Abstract]  
Accrued expenses

Note 6 - Accrued expenses:

Accrued expenses consisted of the following:

 

    At March 31,     At December 31,  
    2014     2013  
             
Sales tax payable   $ 553,142     $ 493,886  
Payroll and related     177,499       498,228  
Termination costs(1)     2,355,093       1,375,341  
Due to hotels     200,000       200,000  
Other     265,486       569,752  
                 
Totals   $ 3,551,220     $ 3,137,207  

 

(1) Includes the costs associated with the termination of two leases and one management agreement in fiscal 2013 for discontinued operations.