ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

9 Months Ended

Sep. 30, 2014

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

9.	ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

Accounts payable and accrued liabilities of $481,307 at September 30, 2014, consists of $201,759 accounts payable trade, $41,935 accrued payroll and fringe benefits, $45,000 accrued year-end bonuses, $40,556 accrued payroll taxes and withholding, and $152,057 accrued interest. Accrued payroll taxes and withholding were approximately nine months in arrears at September 30, 2014. 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 $517,058 at December 31, 2013, consists of $245,672 accounts payable trade, $50,910 accrued payroll and fringe benefits, $45,000 accrued year-end bonuses, $40,556 accrued payroll taxes and withholding, and $152,057 accrued interest. Accrued payroll taxes and withholding were approximately nine months in arrears at December 31, 2013. Balances due certain vendors are also due in arrears to varying degrees.