ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2014

ACCRUED EXPENSES AND OTHER LIABILITIES [Abstract]

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following:

	June 30,  2014		December 31,  2013
Royalties payable	$	205,451	$	127,708
Accrued compensation		135,000		-
Accrued accounting fees		-		82,141
Commissions payable		51,026		21,975
Accrued interest payable		296,390		216,518
Other payables		167,911		134,645
Accrued expenses and other liabilities, net	$	855,778	$	582,987