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OTHER CURRENT LIABILITIES
 12 Months Ended
Dec. 31, 2012
Other Current Liabilities  
OTHER CURRENT LIABILITIES

NOTE 8 – OTHER CURRENT LIABILITIES

 

Other current liabilities consist of the following:

 

   December 31, 
   2012   2011 
Accrued payroll  $285,210   $295,915 
Accrued vacation   114,899    68,438 
Accrued commission   112,000    -0- 
Accrued legal and accounting expense   90,000    15,010 
Allowance for coupons and returns   53,002    -0- 
Dividends payable(1)   41,359    41,359 
Other accrued expenses   29,400    45,025 
TOTAL OTHER CURRENT LIABILITIES  $725,870   $465,747 

  

 

(1) In June 2008, we declared and paid a special dividend of $0.40 per share of common stock to all shareholders of record as of June 10, 2008. This amount reflects moneys remaining unclaimed by certain shareholders.