ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2015

Payables and Accruals [Abstract]

Schedule of accrued expenses and other liabilities

Accrued expenses and other liabilities consist of the following:

	September 30, 2015		December 31, 2014
Royalties payable	$	375,067	$	314,787
Accrued compensation		196,723		23,573
Accrued interest payable		1,409,150		987,659
Other		346,070		264,163
Accrued expenses and other liabilities, net	$	2,327,010	$	1,590,182