Accrued Expenses and Other Liabilities

12 Months Ended

Dec. 31, 2011

Accrued Expenses and Other Liabilities

Note 7 - Accrued Expenses and Other Liabilities

 Accrued expenses and other liabilities consisted of the following:

	December 31,
	2011		2010
Accrued development expenses	$	1,479,105	$	1,384,922
Accrued professional services		423,756		791,697
Accrued employee payroll and related expenses		752,469		778,718
Deferred Revenue		514,312		-
Other		-		79,947
Accrued expenses and other liabilities	$	3,169,642	$	3,035,284