Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Note 8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 Accounts payable and accrued expenses consisted of the following:

 

    September 30,     December 31,  
    2014     2013,  
Accounts payable   $ 121,493     $ 948,421  
Accrued officers’ salary     60,000       60,000  
Accrued interest     251,718       204,898  
Accrued payroll taxes     62,599       62,599  
    $ 495,810     $ 1,275,918