General form of registration statement for all companies including face-amount certificate companies

5. ACCRUED EXPENSES

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5. ACCRUED EXPENSES
 6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Payables and Accruals [Abstract]    
ACCRUED EXPENSES

Accrued expenses at June 30, 2015 and December 31, 2014 were as follows:

 

    June 30, 2015     December 31, 2014  
             
Accrued payroll expenses   $ 164,231     $ 68,920  
Other accrued liabilities     34,716       49,286  
    $ 198,947     $ 118,206  

 

Accrued expenses at December 31, 2014 and 2013 were as follows:

 

    2014     2013  
             
Accrued interest   $ –     $ 161,583  
Accrued payroll expenses     68,920       20,955  
Other accrued liabilities     49,286       40,165  
    $ 118,206     $ 222,703