Accrued Expenses and Other Current Liabilities

3 Months Ended

Mar. 31, 2015

Payables and Accruals [Abstract]

Accrued Expenses and Other Current Liabilities

NOTE 11 – ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following:

	March 31, 2015		December 31, 2014
Salaries and benefits	$	817,766	$	917,079
Unearned deferred revenue, net		827,228		288,342
Other liabilities		763,889		557,360
Total accrued expenses and other current liabilities	$	2,296,366	$	1,762,781

The Company has adopted a policy related to the monthly reoccurring revenue on the sale of service contracts. This amounted to approximately $827,228 of additional gross margin sold in the 1^st quarter of 2015 which will be amortized over the respective life of the service contracts. These agreements generally have a life of 1-5 years and are being recognized over the actual term of the contract. 

Other liabilities are made up of $281,755 of sales tax payable, $105,546 of profit sharing and flexible spending liability from prior year, as well as $218,650 of sales commission payable and $157,937 of other liabilities.