ACCOUNTS PAYABLE AND ACCRUED EXPENSES

12 Months Ended

Dec. 31, 2011

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6.ACCOUNTS PAYABLE AND ACCRUED EXPENSES:

Accounts payable and accrued expenses consist of the following:
December 31,	2011	2010
Accounts payable	$ 36,548	$ 47,231
Accrued professional fees	18,900	15,000
Accrued payroll and related tax withholdings	8,702	24,835
	$ 64,150	$ 87,066

Accounts payable and accrued expenses - related parties consist of accounts payable.

During the period ended December 31, 2011 as the result of settlement of accounts payable for less than amounts recorded and in 2010 as the result of dissolving subsidiaries, we wrote off accounts payable obligations, which were not guaranteed by the parent  of $84,600 and $135,794 and recorded a gain of $84,600 and $135,794, respectively