ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

3 Months Ended

Mar. 31, 2014

ACCRUED EXPENSES AND OTHER LIABILITIES [Abstract]

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following:

	March 31,  2014		December 31,  2013
Royalties payable	$	155,208	$	127,708
Accrued compensation		135,000		-
Accrued accounting fees		80,000		82,141
Commissions payable		21,975		21,975
Accrued interest payable		241,487		216,518
Other payables		170,008		134,645
Accrued expenses and other liabilities, net	$	803,678	$	582,987