ACCRUED EXPENSES AND OTHER LIABILITIES (Tables)

9 Months Ended

Sep. 30, 2016

Payables and Accruals [Abstract]

Schedule of accrued expenses and other liabilities

Accrued expenses and other liabilities consist of the following:

	September 30, 2016		December 31, 2015
Royalties payable	$	588,685	$	487,739
Accrued compensation		79,406		49,769
Commissions payable		21,525		15,900
Accrued interest payable		2,015,986		1,589,256
Other		183,798		205,360
Accrued expenses and other liabilities, net	$	2,889,400	$	2,248,024