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10. Related Party Accounts Receivable and Accrued Interest Payable
9 Months Ended
Sep. 30, 2015
Related Party Transactions [Abstract]  
Related Party Accounts Receivable and Accrued Interest Payable

Accounts Receivable, Accounts Payable and Note Receivable – Since 2012, certain officers or directors of the Company have made loans to goSudo, a customer of the Company, and can influence the management of this company.  At September 30, 2015, there are no accounts receivable due from this related party ($269 - December 31, 2014).  Included in accounts payable are amounts due to this related party of $39,600 at September 30, 2015.

 

At September 30, 2015, the accounts receivable balance of $110,000 due from goSudo was converted to a demand note with interest at 10% and was fully reserved upon conversion.  The note is on non-accrual status and the net carrying value is $0 at September 30, 2015.

 

Accrued Interest Payable – Included in accrued interest payable is accrued interest payable to related parties of $406,387 at September 30, 2015 ($358,698 - December 31, 2014).