Accrued expenses consisted of the following balances at December 31:
| 2013 | 2012 | |||||||
| Accrued salaries | $ | 142,071 | $ | 142,257 | ||||
| Reserve for merchant losses | 297,365 | 214,560 | ||||||
| Accrued commissions | 350,188 | 78,071 | ||||||
| Accrued taxes | 51,820 | 92,849 | ||||||
| Other accrued expenses | 247,200 | 167,465 | ||||||
| Total accrued expenses | $ | 1,088,644 | $ | 695,202 | ||||