Note 4. Accounts Payable and Accrued Expenses

6 Months Ended

Jun. 30, 2015

Notes

Note 4. Accounts Payable and Accrued Expenses

Note 4. Accounts Payable and Accrued Expenses

The table below outlines the elements included in accounts payable and accrued expenses at June 30, 2015 and December 31, 2014:

	June 30,	December 31,
Description	2015	2014
Accrued payroll due officers	1,319,711	1,288,136
Accrued interest due officers	324,028	270,166
Accrued interest	860,853	756,405
Accrued dividends	406,400	355,600
Other accounts payable and accrued expenses	592,773	634,172
Total accounts payable and accrued expenses	3,503,765	3,304,479

Included in other accounts payable and accrued expenses are accrued director fees at June 30, 2015 and December 31, 2014 of $168,750 and $131,250, respectively, and rents payable to the President of the Company in the amounts of $67,608 and $62,062 at June 30, 2015 and December 31, 2014, respectively.