Annual report pursuant to section 13 and 15(d)

ACCRUED LIABILITIES

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ACCRUED LIABILITIES
12 Months Ended
Dec. 31, 2011
ACCRUED LIABILITIES [Abstract]  
ACCRUED LIABILITIES
NOTE 11 – ACCRUED LIABILITIES

Accrued liabilities at December 31 are summarized as follows:
 
2011
   
2010
 
Accrued state taxes
  $ 187,622     $ 109,779  
Accrued payroll
    1,129,712       656,139  
Accrued officers' compensation
    423,000       -  
Accrued environmental costs (Note 13)
    350,000       350,000  
Accrued federal income taxes
    314,980       170,370  
Other liabilities
    539,156       491,354  
   Total
  $ 2,944,470     $ 1,777,642