ACCRUED EXPENSES AND OTHER LIABILITIES

12 Months Ended

Dec. 31, 2014

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

12. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consist of the following:

	December 31,  2014		December 31,  2013
Royalties payable	$	314,787	$	127,708
Accrued audit fee		-		82,141
Commissions payable		15,900		21,975
Accrued interest payable		987,659		216,518
Other		271,836		134,645
Accrued expenses and other liabilities, net	$	1,590,182	$	582,987

Excluded above is approximately $217,000 and $244,000 of accrued expenses and other liabilities at December 31, 2014 and 2013, respectively, 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.