ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

9 Months Ended

Sep. 30, 2013

Accrued Liabilities and Other Liabilities Disclosure Current [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

6. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

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

	September 30, 2013		December 31, 2012
Compensation and benefits	$	731,368	$	635,039
Interest		759,746		265,719
Product warranty liability		384,126		263,000
Professional fees		200,047		21,388
Customer deposits		45,440		79,384
Rent		42,135		39,674
Other		277,204		211,130
Total accrued expenses and other current liabilities	$	2,440,066	$	1,515,334

In 2012, the Company and certain officers of the Company mutually agreed to terminate their employment relationships (See Note 10 - Reduction in Force). At September 30, 2013, $0.6 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.