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Accrued Liabilities | 9 Months Ended
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Sep. 30, 2013
Accrued Liabilities |
10. | Accrued Liabilities
The Company estimates accrued liabilities by identifying services performed on the Company’s behalf, estimating the level of service performed and determining the associated cost incurred for such service as of each balance sheet date. For example, the Company would accrue for professional and consulting fees incurred with law firms, audit and accounting service providers and other third party consultants. These expenses are determined by either requesting those service providers to estimate unbilled services at each reporting date for services incurred or tracking costs incurred by service providers under fixed fee arrangements. The Company has processes in place to estimate the appropriate amounts to record for accrued liabilities, which principally involve the applicable personnel reviewing the services provided. In the event that the Company does not identify certain costs that have begun to be incurred or the Company under or over-estimates the level of services performed or the costs of such services, the reported expenses for that period may be too low or too high. The date on which certain services commence, the level of services performed on or before a given date, and the cost of such services often require the exercise of judgment. The Company makes these judgments based upon the facts and circumstances known at the date of the financial statements. Accrued liabilities consist of the following:
|  | September 30, 2013 |  |  | December 31, 2012 |
Employee compensation |  | $ | 2,680,016 |  |  | $ | 3,634,839 |
Taxes |  |  | 1,618,850 |  |  |  | 396,499 |
Contingent consideration |  |  | 1,161,953 |  |  |  | 1,376,877 |
Royalty and license fees |  |  | 1,153,469 |  |  |  | 1,459,680 |
Professional fees |  |  | 394,563 |  |  |  | 418,800 |
Research and development |  |  | 167,000 |  |  |  | 18,300 |
Unearned revenue |  |  | 1,909 |  |  |  | 599,120 |
Other accrued expenses |  |  | 676,969 |  |  |  | 393,875 |
Total |  |  | 7,854,729 |  |  |  | 8,297,990 |

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- Definition The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19 -Subparagraph a -Article 5 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19(a),20,24) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 20, 24 -Article 5 + Details
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