Quarterly report pursuant to Section 13 or 15(d)

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

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

Accounts payable and accrued expenses consisted of the following:

 

    September 30,     December 31,  
    2012     2011  
Accounts payable   $ 42,703     $ 81,168  
Accrued officers’ salary     75,000       37,500  
Accrued interest     64,443       19,307  
Accrued payroll taxes     37,850       32,225  
    $ 219,996     $ 170,200