Note 5 — Derivatives and Other Liabilities

Derivative and other liabilities consist of the following at March 31, 2014 and December 31, 2013:


	March 31, 2014		December 31, 2013
Derivative liability, long-term portion		12,435,777	$	3,248,595
Deferred rent		193,876		185,405
Deferred tax liability		73,234		68,589
Interest payable		48,527		44,194
Conditional grant payable		30,000		30,000
Accrued term loan fee		—		38,738
	$	12,781,414	$	3,615,521