Accrued Expenses

12 Months Ended

Dec. 31, 2010

Accrued Expenses

Accrued Expenses

Note 6 — Accrued Expenses

Accrued expenses as of December 31, 2010 and 2009 were as follows:

	December 31,
		2010		2009
Accrued Management Bonus	$	—	$	31,000
Accrued Directors' Compensation		77,000		66,000
Accrued Accounting		40,000		63,000
Accrued Legal		127,000		19,000
Accrued Debt Issuance Costs and Rights Offering fees		140,000		—
Accrued Interest		15,000		—
Accrued Proxy and Annual Report fees		42,000		—
Accrued Other		40,000		60,000
Accrued Expenses	$	481,000	$	239,000