ACCRUED EXPENSES AND OTHER LIABILITIES

3 Months Ended

Mar. 31, 2016

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER LIABILITIES

9. ACCRUED EXPENSES AND OTHER LIABILITIES

Accrued expenses and other liabilities consist of the following:

	March 31,  2016		December 31,  2015
Royalties payable	$	500,591	$	487,739
Accrued compensation		49,769		49,769
Commissions payable		22,369		15,900
Accrued interest payable		1,712,187		1,589,256
Other		138,346		105,360
Accrued expenses and other liabilities, net	$	2,423,262	$	2,248,024

Excluded above is approximately $217,000 of accrued expenses and other liabilities at March 31, 2016 and December 31, 2015, that fall under the Liability Purchase Agreement (“LPA”) with ASC Recap, LLC (“ASC Recap”), and are expected to be repaid using the process as described in Note 10.  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.