Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 3 Months Ended
Mar. 31, 2012
Payables and Accruals [Abstract]  
Note 8 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

    March 31,     December 31,  
    2012     2011  
Accounts payable   $ 55,103     $ 81,168  
Accrued officers’ salary     75,000       37,500  
Accrued interest     35,273       19,307  
Accrued payroll taxes     37,850       32,225  
Accrued professional fees     3,000       -  
    $ 206,226     $ 170,200