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 8. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following:

 

    June 30,     December 31,  
    2012     2011  
Accounts payable   $ 42,200     $ 81,168  
Accrued officers’ salary     75,000       37,500  
Accrued interest     51,638       19,307  
Accrued payroll taxes     57,850       32,225  
    $ 226,688     $ 170,200