Annual report pursuant to Section 13 and 15(d)

ACCRUED LIABILITIES

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ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
ACCRUED LIABILITIES

NOTE 5 - ACCRUED LIABILITIES

 

Accrued liabilities were comprised of the following: 

 

    December 31,  
    2014     2013  
             
Accrued compensation and related taxes   $ 616,600     $ 451,500  
Accrued stock offering costs           216,000  
Accrued interest     56,600       73,200  
Accrued material and other job related costs           71,700  
Other     252,500       111,800  
    Total Accrued Liabilities   $ 925,700     $ 924,200