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OTHER CURRENT LIABILITIES
 9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Other Current Liabilities    
OTHER CURRENT LIABILITIES

 

NOTE 8 – OTHER CURRENT LIABILITIES

Other current liabilities consist of the following:
 
   
September 30, 2012
   
December 31, 2011
  
Accrued payroll and commission
   $ 197,483     $ 295,915  
Accrued vacation
     96,124       68,438  
Other accrued expenses
     93,412       60,035  
Dividends payable(1)
     41,359       41,359  
TOTAL OTHER CURRENT LIABILITIES
   $ 428,378     $ 465,747  
                 
______________                 
(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 certain shareholders. 
 
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.