Annual report pursuant to section 13 and 15(d)

ACCRUED EXPENSES AND TAXES

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ACCRUED EXPENSES AND TAXES
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
ACCRUED EXPENSES AND TAXES

 

We recorded accrued expenses and taxes, which consisted of the following at December 31, 2011 and 2010:

 

  2011   2010
Wages and related costs $ 124,821     $ 85,515  
Accrued settlement   127,500       0  
Accrued interest   1,380       2,615  
Accrued expenses   105,159       19,973  
Total accrued expenses $ 358,860     $ 108,103