F - ACCOUNTS PAYABLE AND ACCRUED EXPENSES (SBS)

12 Months Ended

Dec. 31, 2012

SBS

F - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Note F - Accounts Payable and Accrued Expenses

Accounts payable and accrued expenses consist of the following:

	December 31,
	2012		2011
Accounts payable	$	98,038	$	1,488,400
Accrued bonus and other employee compensation		5,011,647		5,037,575
Other accrued expenses		265,500		127,006
	$	5,375,185	$	6,652,981