ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

6 Months Ended

Jun. 30, 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:

	June 30, 2013		December 31, 2012
Compensation and benefits	$	885,931	$	635,039
Interest		548,020		265,719
Product warranty liability		384,126		263,000
Customer deposits		125,539		79,384
Rent		42,565		39,674
Professional fees		34,000		21,388
Insurance		32,322		—
Other		251,836		211,130
	$	2,304,339	$	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 June 30, 2013, $0.7 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.