11. Accrued expenses

The following are the components of accrued expenses:


	As of		As of
	June 30,		December 31,
	2016		2015
Bonus	$	159,432	$	710,739
Deferred revenue(*)		719,726		688,418
Deferred incentive(**)		700,000		950,000
Other(***)		2,245,536		4,089,443
Total accrued expenses	$	3,824,694	$	6,438,600

(*)Current deferred revenue will be recognized as revenue ratably over the next 12 months. As of June 30, 2016, included in the balance sheet classification “Other long-term liabilities,” is the non-current portion of deferred revenue in the amount of $0.7 million. The long-term portion of deferred revenue balance as of December 31, 2015 was approximately $0.6 million.

(**)As of June 30, 2016, the Company recorded approximately $0.7 million in short-term incentives in relation to future obligations under a contract. As of June 30, 2016 and December 31, 2015, included in the balance sheet classification “Other long-term liabilities” is the non‑current portion of these incentives of approximately $0.3 million and $0.7 million, respectively.

(***)As of June 30, 2016 and December 31, 2015, included in “other” were third party referral commissions of approximately $0.2 million and $1.6 million, respectively. No other amount included in “Other” exceeded 10% of total current liabilities.