13. COMMITMENTS

3 Months Ended

Mar. 31, 2013

Notes to Financial Statements

Note 13. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $158,872 over the term of three leases, the last expiring on July 31, 2014.

Commitments in each of the next three years are approximately as follows:

2013	111,901
2014	46,971