ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2011

ACCRUED EXPENSES

ACCRUED EXPENSES

Note 10 - Accrued Expenses

Accrued expenses consisted of the following at December 31, 2011 and 2010:

		December 31,
		2011	2010
Interest	$	1,834,806	$1,442,862
Salaries and payroll taxes		1,701,234	1,695,893
Other		6,059	6,059
Total Accrued Expenses	$	3,542,099	$3,144,814

Included above at each of December 31, 2011 and 2010 in accrued salary and payroll taxes is approximately $1,300,000 due to three of the Company’s current officer/stockholders and one of the Company’s former officer/stockholders (See Item 11).