ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2012

Payables and Accruals [Abstract]

Note 10. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Note 10. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

The components of accounts payable at December 31, are detailed as follows:

	December 31,		December 31,
	2012		2011
Accounts Payable	$	5,713,000	$	6,553,000
Accrued Expenses		697,000		497,000
Due to Old Nassau Tool		411,000		-
Accrued Interest		138,000		169,000
Accrued Payroll		99,000		178,000
401K payable		19,000		35,000
	$	7,077,000	$	7,432,000