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Note 6 - Accrued Expenses
 3 Months Ended
Mar. 31, 2020
Notes to Financial Statements  
Accounts Payable and Accrued Liabilities Disclosure [Text Block]
NOTE
6.
ACCRUED EXPENSES
 
At
March 31, 2020 
and
December 31, 2019,
accrued expenses amounted to approximately
$2.0
 
and
$1.8
 million, respectively. Accrued expenses represent expenses that are owed at the end of the period or are estimates of services provided that have
not
been billed by the provider or vendor. The following table reflect the balances outstanding as of
March 31, 2020 
and
December 31, 2019.
 
   
March 31, 2020
    
December 31, 2019
  
Accrued professional fees
   $
224,719
     $
276,239
  
PayOnline accrual
    
66,430
      
69,039
  
Accrued interest
    
40,892
      
43,021
  
Accrued bonus
    
1,429,934
      
1,318,060
  
Accrued foreign taxes
    
6,081
      
2,064
  
Other accrued expenses
    
233,035
      
91,921
  
Total accrued expenses   $
2,001,091
     $
1,800,344
  
  
Included in accrued bonus are non-discretionary compensation due to our Chairman and CEO, which was approximately 
$1.1
 
and
$1.0
million at
March 31, 2020 
and
December 31, 2019,
respectively, and approximately
$351,000
 and
$339,000
 at
March 31, 2020 
and
December 31, 2019,
respectively, for discretionary performance bonuses due to certain employees.
 
Included in other accrued expenses for the
three
months ended
March 31, 2020 
and the year ending
December 31, 2019
is an accrual in connection with a merchant loss that was under-reserved in the prior year and the amount due to ESOUSA Holdings, LLC, a related party (Refer to
Note
7.
Notes Payable - Section regarding
March 27, 2020
Master Exchange Agreement
).