ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

9 Months Ended

Sep. 30, 2013

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

9. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities of $467,455 at September 30, 2013, consists of $187,876 accounts payable trade, $51,722 accrued payroll and related fringe benefits, $62,500 accrued year-end bonuses, $45,170 accrued payroll taxes and withholding, $119,080 accrued interest, and $1,107 other accrued liabilities. Accrued payroll taxes and withholding were approximately six months in arrears at September 30, 2013. Balances due certain vendors are also due in arrears to varying degrees. The Company is handling all delinquent accounts on a case by case basis.

Accounts payable and accrued liabilities of $508,715 at December 31, 2012, consists of $205,915 accounts payable trade, $50,352 accrued payroll and related fringe benefits, $62,500 accrued year-end bonuses, $96,811 accrued payroll taxes and withholding, $93,096 accrued interest, and $41 other accrued liabilities. Accrued payroll taxes and withholding were approximately nine months in arrears at December 31, 2012. Balances due certain vendors are also due in arrears to varying degrees.