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OTHER CURRENT LIABILITIES
 12 Months Ended
Dec. 31, 2011
Other Current Liabilities  
OTHER CURRENT LIABILITIES

NOTE J – OTHER CURRENT LIABILITIES

 

Other current liabilities consist of the following:

 

    December 31,  
    2011     2010  
Accrued payroll   $ 227.477     $ -0-  
Accrued vacation     68,438       24,208  
Other accrued expenses     128,473       90,998  
Dividends payable(1)     41,359       -0-  
TOTAL OTHER CURRENT LIABILITIES   $ 465,747     $ 115,206  

(1) In June 2008, the Company declared and paid a special dividend of $0.40 per share of common stock to all shareholders of record as of June 10, 2008. This amount reflects moneys remaining unclaimed by the certain shareholders.