Stereotaxis
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10-Q
STEREOTAXIS, INC. filed this Form 10-Q on 08/08/2018
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6. Intangible Assets

 

As of June 30, 2018, the Company had total intangible assets of $3,143,291. Accumulated amortization at June 30, 2018, was $3,016,815.

 

7. Accrued Liabilities

 

Accrued liabilities consist of the following:

 

   June 30, 2018   December 31, 2017 
         
Accrued salaries, bonus, and benefits  $1,467,050   $1,641,491 
Accrued rent   255,850    441,417 
Accrued licenses and maintenance fees   578,999    581,672 
Accrued warranties   143,991    164,365 
Accrued taxes   267,299    234,668 
Accrued professional services   431,329    367,072 
Other   348,768    299,931 
Total accrued liabilities   3,493,286    3,730,616 
Less: Long term accrued liabilities   (534,413)   (535,369)
Total current accrued liabilities  $2,958,873   $3,195,247 

 

Our primary company facilities are located in St. Louis, Missouri where we currently lease approximately 52,000 square feet of office and 12,000 square feet of demonstration and assembly space. In the third quarter of 2013, the Company modified the existing lease agreement to terminate approximately 13,000 square feet of unimproved space. The costs associated with the termination were $515,138 and were accrued as a rent liability as of September 30, 2013. As of June 30, 2018, the remaining accrued costs associated with the termination were $47,728.

 

In August 2016 the Company entered into an agreement to sublease approximately 11,000 square feet of office space immediately and an additional 16,000 square feet of office space beginning in January, 2017, with the term of the sublease ending on December 31, 2018. The initial costs associated with the sub lease were $69,180, and as of June 30, 2018, the remaining accrued costs were $13,329.

 

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