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

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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ACCOUNTS PAYABLE AND ACCRUED EXPENSES
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Notes to Financial Statements    
Note 7. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

    March 31,     December 31,  
    2013     2012  
Accounts payable   $ 97,512     $ 159,118  
Accrued officers’ salary     75,000       75,000  
Accrued interest     96,583       75,408  
Accrued payroll taxes     57,850       57,850  
Customer deposits     -       10,000  
    $ 326,945     $ 377,376  

Accounts payable and accrued expenses consisted of the following:

 

    December 31,     December 31,  
    2012     2011  
Accounts payable   $ 159,118     $ 81,168  
 Accrued officers’ salary     75,000       37,500  
Accrued interest     75,408       19,307  
 Accrued payroll taxes     57,850       32,225  
 Customer deposits     10,000       -  
    $ 377,376     $ 170,200