ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2015

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following:

	June 30,  2015		December 31,  2014
Royalties payable	$	340,139	$	314,787
Accrued compensation		81,271		23,573
Accrued interest payable		1,264,367		987,659
Other		294,092		264,163
Accrued expenses and other liabilities, net	$	1,979,869	$	1,590,182