Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 6 - Commitments and Contingencies

Operating Leases

The Company leases facilities under long-term operating lease agreements through May 2013.  Rent expense was $88,894 and $97,678 for the years ended December 31, 2011 and 2010, respectively.

The future minimum rental payments to be made under long-term operating leases are as follows:

Year ending December 31,   2012		95,262
2013		40,181
Total minimum rent payments	$	135,443

The above minimum lease payments reflect the base rent under the lease agreements.  However, these base rents can be adjusted each year to reflect the Company’s proportionate share of increases in the building’s operating costs and the Company’s proportionate share of real estate tax increases on the leased property.