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Accrued Expenses/Accounts Payable
9 Months Ended
Sep. 30, 2012
Accrued Expenses/Accounts Payable [Abstract]  
Accrued Expenses/Accounts Payable
Note 5. Accrued Expenses/Accounts Payable

 

In the quarter ending September 30, 2012, the Company in connection with legal counsel evaluated its payables to determine if they were still valid liabilities of the Company under the statues of limitations of various states and countries. The Company determined $490,000 were no longer valid and wrote the liabilities off against various expense accounts they pertained to.

 

Accrued expenses include the following:

 

    September 30,     December 31,  
    2012     2011  
    (unaudited)        
             
Accrued interest   $ 63     $ 59  
Accrued franchise taxes     457       376  
Accrued compensation     180       150  
Other accrued expenses     154       175  
Total   $ 854     $ 760