ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

3 Months Ended

Mar. 31, 2013

Accrued Liabilities and Other Liabilities Disclosure Current [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

5. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consisted of the following at:

	March 31, 2013		December 31, 2012
Compensation and benefits	$	565,267	$	635,039
Interest		386,541		265,719
Product warranty liability		281,000		263,000
Customer deposits		237,434		79,384
Insurance		66,211		—
Rent		42,994		39,674
Professional fees		13,900		21,388
Other		285,894		211,130
	$	1,879,241	$	1,515,334

In 2012, the Company and certain officers of the Company mutually agreed to terminate their employment relationships (See Note 8 - Reduction in Force).  At March 31, 2013, $0.4 million was included in “ Compensation and benefits” in the table above for the current portion of these liabilities. 

Customer deposits represent advances paid to the Company by customers for the purchase of equipment.