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Accrued Expenses
 12 Months Ended
Dec. 31, 2011
Accrued Expenses [Abstract]  
Accrued Expenses

NOTE M – ACCRUED EXPENSES

Accrued expenses consist of following:

 

     2011      2010  

Compensation and bonuses

    $ 891,136       $ 1,027,911   

Customer deposits

      57,175         —     

Vessel operations

      959,857         1,392,909   

Professional services

      —           129,676   

Other operating expenses

      153,806         216,176   
  

 

 

     

 

 

  

Total accrued expenses

    $ 2,061,974       $ 2,766,672   
  

 

 

     

 

 

  

Vessel operations relates to expenditures required to operate our ships such as fuel, repair and maintenance, port fees and charter related. Professional fees are mainly attributable to legal fees and other professional services in support of operations. Other operating expenses contain general items related to, but not limited to marketing, insurance and the exhibit.