v2.4.0.6
ACCOUNTS PAYABLE AND ACCRUED EXPENSES
 12 Months Ended
Dec. 31, 2011
ACCOUNTS PAYABLE AND ACCRUED EXPENSES  
ACCOUNTS PAYABLE AND ACCRUED EXPENSES

11 - ACCOUNTS PAYABLE AND ACCRUED EXPENSES

 

Accounts payable and accrued expenses consist of the following:

 

 

 

December
31, 2011

 

December 31,
2010

 

Accounts payable

 

$

447,497

 

$

1,378,822

 

Accrued vessel operating expenses

 

1,441,752

 

1,529,007

 

Accrued general and administrative expenses

 

82,969

 

437,437

 

Total

 

$

1,972,218

 

$

3,345,266