XML 34 R12.htm IDEA: XBRL DOCUMENT

7. OPERATING LEASE	6 Months Ended
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]
7. OPERATING LEASE	7. OPERATING LEASE The Company leases 3,600 sq. ft. of office and warehouse space at 1550 Caton Center Drive, Suites D and E, Baltimore, Maryland, under a non-cancellable operating lease which expires in December 2014. The original base rent was $3,077 per month with a 3% annual rent escalator clause. The current monthly rent is $3,464. Rent expense, which includes the Caton Center property as well as some other short-term leases, was $20,562 and $24,825 for the periods ended June 30, 2014 and 2013, respectively.

7. OPERATING LEASE

6 Months Ended

Jun. 30, 2014

Commitments and Contingencies Disclosure [Abstract]

7. OPERATING LEASE

The Company leases 3,600 sq. ft. of office and warehouse space at 1550 Caton Center Drive, Suites D and E, Baltimore, Maryland, under a non-cancellable operating lease which expires in December 2014. The original base rent was $3,077 per month with a 3% annual rent escalator clause. The current monthly rent is $3,464. Rent expense, which includes the Caton Center property as well as some other short-term leases, was $20,562 and $24,825 for the periods ended June 30, 2014 and 2013, respectively.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details