ACCOUNTS PAYABLE AND ACCRUED EXPENSES (Details) (USD $)
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Dec. 31, 2014
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Dec. 31, 2013
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Accounts Payable And Accrued Expenses Details | ||
Accounts payable | $ 240,204us-gaap_AccountsPayableCurrentAndNoncurrent | $ 948,421us-gaap_AccountsPayableCurrentAndNoncurrent |
Accrued officers' salary | 60,000us-gaap_DueToOfficersOrStockholdersCurrentAndNoncurrent | |
Accrued interest | 270,918us-gaap_InterestReceivable | 204,898us-gaap_InterestReceivable |
Accrued payroll taxes | 62,599us-gaap_AccruedPayrollTaxesCurrent | 62,599us-gaap_AccruedPayrollTaxesCurrent |
Accounts payable and accrued expenses | $ 573,721us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent | $ 1,275,918us-gaap_AccountsPayableAndAccruedLiabilitiesCurrent |
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- Details
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- Definition
Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying value as of the balance sheet date of obligations incurred and payable for statutory payroll taxes incurred through that date and withheld from employees pertaining to services received from them, including entity's matching share of the employees FICA taxes and contributions to the state and federal unemployment insurance programs. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amounts due to recorded owners or owners with a beneficial interest of more than 10 percent of the voting interests or officers of the company. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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