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Operating Lease
6 Months Ended
Jun. 30, 2011
Operating Lease

9. 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 three-year non-cancellable operating lease which expired in October 2008. A renewal of the lease expired on August 31, 2010, and the Company renewed the lease for one year commencing September 1, 2010 and expiring August 31, 2011. The base rent had been $3,047 per month with an annual rent escalator of 3%. Under the current renewal the monthly lease payment is $3,077. Rent expense was $16,621 and $47,789 for the periods ended June 30, 2011 and December 31, 2010, respectively.