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OTHER CURRENT LIABILITIES
 3 Months Ended
Mar. 31, 2013
Other Current Liabilities  
OTHER CURRENT LIABILITIES

NOTE 7 – OTHER CURRENT LIABILITIES

 

Other current liabilities consist of the following:

    March 31, 2013     December 31, 2012  
Accrued offering costs   $ 576,500     $ —  
Accrued payroll and commission costs     254,554       397,210  
Accrued vacation costs     184,087       114,899  
Allowance for coupons and returns     81,968       53,002  
Dividends payable(1)     41,359       41,359  
Other accrued expenses     6,450       119,400  
     TOTAL OTHER CURRENT LIABILITIES   $ 1,144,918     $ 725,870  

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