ACCRUED LIABILITIES

12 Months Ended

Dec. 31, 2016

Payables and Accruals [Abstract]

ACCRUED LIABILITIES

3. ACCRUED LIABILITIES

The accrued liabilities are summarized below:

	12/31/2016		12/31/2015
Accrued interest on note payable	$	1,667,083	$	1,345,893
Accrued general and administrative expenses		123,528		124,114
Other payable		727,500		727,500
	$	2,518,111	$	2,197,507

The other payable balance represented 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, in connection with the change in ownership, the payable to related party in the amount of $727,500 was assigned to Tang Chuan Choon, a third party.