NOTE 8 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

NOTE 8 - ACOUNTS PAYABLE AND ACCRUED EXPENSES

NOTE 8 –ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses as of March 31, 2012 and December 31, 2011 consist of the following:

	March 31, 2012	December 31, 2011
Accounts payable	$ 210,303	$ 150,437
Accrued expenses	5,549	5,517
Total	$ 215,852	$ 155,954

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