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ACCRUED EXPENSES
3 Months Ended
Mar. 31, 2022
Payables and Accruals [Abstract]  
ACCRUED EXPENSES

NOTE 8 – ACCRUED EXPENSES.

 

At March 31, 2022 and December 31, 2021, respectively, accrued expenses consisted of the following:

 

  

March 31, 2022

  

December 31, 2021

 
Accrued salaries and benefits  $1,259,169   $1,459,299 
Accrued dividends   691,450    691,861 
Accrued traffic settlement(1)   10,254    10,254 
Accrued legal settlement(2)   216,101    81,101 
Accrued legal fees   174,878    182,537 
Accrued other professional fees   255,920    592,421 
Share issuance liability(4)   27,012    189,067 
Accrued warrant penalty(3)   366,899    366,899 
Accrued Value-Added Tax payable   49,207    - 
Other accrued expenses   155,318    191,226 
Total accrued expenses  $3,206,208   $3,764,665 

 

(1) The Company negotiates with its publishing partners regarding questionable traffic to arrive at traffic settlements.
(2) Accrued legal settlement related to the Encoding legal matter. See Note 10.
(3) The Company has sold units of its securities to various investors in several private placements. As part of each private placement, the Company agreed to file a registration statement with the SEC to register the resale of the shares by the respective holder in order to permit the public resale; such filing deadlines ranged from 120 to 270 days following the closing date of the respective placement and the Company was liable to pay a penalty fee for failure to file the resale registration statement within the allotted timeframe.
(4) Share issuance liability related to issuance of the Company’s common stock in connection with the Oceanside, MediaHouse and Wild Sky acquisitions and Oceanside employee share issuances.