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Commitments
9 Months Ended
Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]  
Commitments

NOTE H — COMMITMENTS

Capital Leases

During the three and nine months ended September 30, 2013 we completed lease schedules with several vendors for approximately $310,000 and $1,629,000 for the purchase of laboratory equipment, computer equipment and computer software. The leases have a 36 to 60 month terms with $1 buyout options at the end of the term and interest rates in the range between 4.5% and 13.5%.

Pending Capital Leases

During the three and nine months ended September 30, 2013 we have entered into lease commitments for $636,000 and $1,590,000 on lab equipment, computer equipment and software and furniture which have not yet been delivered to us for final funding. Final funding will occur upon our receipt of the leased assets. When the equipment, software and furniture arrive and the leases begin they will be $1 buyout leases with terms between 36 and 60 months at interest rates between 9% and 23%.