Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Note 7. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 Accounts payable and accrued expenses consisted of the following:

 

    June 30,     December 31,  
    2012     2011  
Accounts payable   $ 59,134     $ 51,579  
         Accrued officers’ salary     75,000       37,500  
Accrued interest     51,470       19,307  
         Accrued payroll taxes     37,850       32,225  
Accrued professional fees     6,625       6,625  
    $ 230,079     $ 147,236