Annual report pursuant to Section 13 and 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Note 8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

    December 31,     December 31,  
    2014     2013  
Accounts payable   $ 240,204     $ 948,421  
Accrued officers’ salary     -       60,000  
Accrued interest     270,918       204,898  
Accrued payroll taxes     62,599       62,599  
    $ 573,721     $ 1,275,918