ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2015

Siebert, Brandford, Shank Financial, LLC and Subsidiary

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following:

	December 31,
	2014
Accounts payable	$	313,285
Accrued bonus and other employee compensation		4,233,521
Other accrued expenses		200,842
	$	4,747,648