Note 4. Accounts Payable and Accrued Expenses (Tables)

9 Months Ended

Sep. 30, 2017

Tables/Schedules

Schedule of Accounts Payable and Accrued Expenses

The table below outlines the elements included in accounts payable and accrued expenses at September 30, 2017 and December 31, 2016:

		September 30,		December 31,
Description		2017		2016
Related parties:
Accrued payroll due officers	$	1,994,711	$	1,769,711
Accrued interest due officers and directors		716,062		568,161
Accrued director fees		375,000		311,250
Base rents due to the President		117,632		76,826
Associated rental costs		38,780		28,908
Other		17,308		17,308
Total related parties	$	3,259,493	$	2,772,164
Non-related parties:
Accrued interest	$	1,416,332	$	1,220,516
Accrued dividends		635,000		558,800
Accrued fines and penalties		25,950		7,650
Other accounts payable and accrued expenses		215,619		225,560
Total non-related parties	$	2,292,901	$	2,012,526
Total accounts payable and accrued expenses	$	5,552,394	$	4,784,690