OPERATING LEASE COMMITMENTS (Tables)

9 Months Ended

Sep. 30, 2014

Operating Lease Commitments Tables

Future minimum lease payments

Future minimum lease payments for each of the next five years under the current terms of these operating leases at September 30, 2014 are approximately as follows:

	Franklin		Philadelphia		Total
Year Ending December 31,
2014	$	113,000	$	31,333	$	144,333
2015		457,000		—		457,000
2016		468,000		—		468,000
2017		389,000		—		389,000
2018		—		—		—
Total	$	1,427,000	$	31,333	$	1,458,333