v2.4.0.6
Accrued Expenses
6 Months Ended
Jun. 30, 2013
Payables and Accruals [Abstract]  
Accrued Expenses
Note 4 – Accrued Expenses
 
Accrued expenses consist of the following:
 
 
 
June 30,
 
December 31,
 
 
 
2013
 
2012
 
 
 
(unaudited)
 
 
 
 
 
 
 
 
 
 
 
 
Accrued commissions
 
$
546,754
 
$
508,654
 
Accrued payroll
 
 
297,263
 
 
270,551
 
Accrued payroll taxes(1)
 
 
1,377,207
 
 
1,099,887
 
Accrued vacation
 
 
211,760
 
 
219,206
 
Accrued professional fees
 
 
46,570
 
 
73,607
 
 
 
 
 
 
 
 
 
Total accrued expenses
 
$
2,479,554
 
$
2,171,905
 
 
(1) Includes accrual for interest and penalties.
 
Accrued expenses include liabilities for unpaid payroll taxes along with an estimate of related interest and penalties. Through June 30, 2013, the Internal Revenue Service (“IRS”) has placed Federal tax liens aggregating approximately $771,000 against the Company in connection with these unpaid payroll taxes.