ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2013

ACCRUED EXPENSES AND OTHER LIABILITIES [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

12. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consist of the following:

	December 31, 2013		December 31, 2012
Royalties payable	$	127,708	$	182,052
Accrued audit fee		82,141		80,000
Over advance, fees LSQ Funding		-		77,464
Commissions payable		21,975		48,722
Accrued interest payable		216,518		85,184
Accrued consulting fees		2,000		167,726
Other		132,645		132,216
Accrued expenses and other liabilities, net	$	582,987	$	773,364

Excluded above is approximately $244,000 of accrued expenses and other liabilities that fall under the LPA with ASC Recap, and are expected to be repaid using the process as described in Note 11.  Because there can be no assurance that the Company will be successful in completing this process, the Company retains ultimate responsibility for these liabilities, until fully paid down.