ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2015

Payables and Accruals [Abstract]

ACCRUED LIABILITIES

3. ACCRUED LIABILITIES

The accrued liabilities are summarized below:

	12/31/2015		12/31/2014
Accrued interest on note payable	$	1,345,893	$	1,025,253
Accrued general and administrative expenses		124,114		115,882
Other payable		727,500		727,500
	$	2,197,507	$	1,868,635

The other payable balance was accounts payable to related party owed to Sperco, LLC (“SLLC”) (an entity controlled by Stephen J. Sperco, the Company’s former CEO/President/Director). On September 11, 2014, the accounts payable to related party in the amount of $727,500 were assigned to Tang Chuan Choon, a third party.