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4. Accrued Expenses and Other Current Liabilities (Tables)

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Schedule of Accrued Expenses and other Current Liabilities

The accrued expenses and other current liabilities consisted of the following as of:

		September 30, 2012				December 31, 2011
		(Unaudited)
Search costs		$	1,714,209			$	109,706
Taxes			145,315				-
Capital leases - current portion			54,299				57,581
Payroll and commission liabilities			21,961				8,370
Affiliate expenses			5,873				16,570
All other expenses			1,593,760				1,419,604
Total		$	3,535,417			$	1,611,831

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Tabular disclosure of the (a) carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business (accounts payable); (b) other payables; and (c) accrued liabilities. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). An alternative caption includes accrued expenses.

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