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

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

v2.4.0.8
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 6 Months Ended 12 Months Ended
Jun. 30, 2014
Dec. 31, 2013
Notes to Financial Statements    
Note 8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

    June 30,     December 31,  
    2014       2013,  
Accounts payable   $ 406,519     $ 948,421  
Accrued officers’ salary     60,000       60,000  
Accrued interest     123,414       204,898  
Accrued payroll taxes     62,599       62,599  
    $ 652,532     $ 1,275,918  

 Accounts payable and accrued expenses consisted of the following:

 

    December 31,     December 31,  
    2013     2012  
Accounts payable   $ 1,178,212     $ 159,118  
Accrued officers’ salary     60,000       75,000  
Accrued interest     204,898       75,408  
Accrued payroll taxes     62,599       57,850  
Customer deposits     -       10,000  
    $ 1,505,709     $ 377,376