NOTE 10 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

NOTE 10 - ACOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 10 – ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consist of the following:

	December 31, 2011	December 31, 2010
Accounts payable	$    150,437	$    163,851
Accrued expenses	5,517	-
Total	$    155,954	$    163,851

The carrying value of accounts payable and accrued expenses approximates their fair value due to the short-term nature of these obligations.