13. COMMITMENTS

3 Months Ended

Mar. 31, 2014

Notes to Financial Statements

Note 13. COMMITMENTS

13.           Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $101,422 over the term of three leases, the last expiring on September 30, 2015.

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

2014	90,838
2015	10,584