Annual report pursuant to Section 13 and 15(d)

Accounts Payable And Accrued Expenses

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Accounts Payable And Accrued Expenses
12 Months Ended
Dec. 31, 2011
Accounts Payables And Accrued Expenses [Abstract]  
Accounts Payable And Accrued Expenses

6. Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consist of the following as of December 31, 2011 and 2010:

 

     2011      2010  

Accounts payable trade

   $ 631,274       $ 745,569   

Legal fees

     376,167         256,478   

Vacation

     85,655         116,321   

Deferred compensation

     25,500         34,000   

Royalties payable

     25,000         25,000   

Interest

     356,689         30,268   

Consulting fees

     35,858         33,009   

Public offering costs

     —           149,163   

Sales return allowance

     197,923         121,728   

Other

     6,150         3,349   
  

 

 

    

 

 

 

Total accounts payable and accrued expenses

   $ 1,740,216       $ 1,514,885