Quarterly report pursuant to Section 13 or 15(d)

Accrued expenses

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Accrued expenses
 9 Months Ended
Sep. 30, 2014
Accrued expenses [Abstract]  
Accrued expenses

Note 6 – Accrued expenses:

Accrued expenses consisted of the following:

 

    At September 30,     At December 31,  
    2014     2013  
             
Sales tax payable   $ 578,975     $ 493,886  
Payroll and related     244,953       498,228  
Termination costs(1)     -       1,375,341  
Income taxes payable     685,612       -  
Due to hotels     200,000       200,000  
Other     13,925       569,752  
                 
Totals   $ 1,723,465     $ 3,137,207  

 

  (1)
Includes the costs associated with the termination of two leases and one management agreement in fiscal 2013 for discontinued operations. These termination costs were paid in the second quarter of 2014.