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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.