General form of registration statement for all companies including face-amount certificate companies

Accrued Liabilities

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Accrued Liabilities
 3 Months Ended 12 Months Ended
Mar. 31, 2014
Dec. 31, 2013
Accrued Liabilities [Abstract]    
Accrued Liabilities

6. Accrued Liabilities

 

Accrued liabilities consist of the following:

 

    March 31, 2014     December 31, 2013  
             
Salaries, benefits and related expenses   $ 792,095     $ 657,628  
Professional fees     502,044       421,966  
Warranty expense     232,211       288,110  
Taxes     39,448       62,283  
Other     -       812  
Total   $ 1,565,798     $ 1,430,799  

 

7. Accrued Liabilities

 

Accrued liabilities consist of the following:

 

    December 31,  
    2013     2012  
             
Salaries, benefits and related expenses   $ 657,628     $ 771,137  
Professional fees     421,966       114,676  
Warranty expense     288,110       -  
Taxes     62,283       35,810  
Other     812       75,853  
Total   $ 1,430,799     $ 997,476