ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2016

Payables and Accruals [Abstract]

Schedule of accrued expenses and other liabilities

Accrued expenses and other liabilities consist of the following:

	June 30, 2016		December 31, 2015
Royalties payable	$	525,823	$	487,739
Accrued compensation		-		49,769
Commissions payable		57,782		15,900
Accrued interest payable		1,862,128		1,589,256
Other		223,077		105,360
Accrued expenses and other liabilities, net	$	2,668,810	$	2,248,024