3. Deferred Rent

3 Months Ended

Mar. 31, 2014

Notes to Financial Statements

NOTE 3 - Deferred Rent

Deferred rent consists of the following at March 31, 2014 and December 31, 2013:

	March 31, 2014			December 31, 2013
Landlord-funded leasehold improvements	$	1,034,311		$	1,047,026
Less accumulated amortization		(160,126	)		(133,063	)
Total		874,185			913,963
Straight line rent adjustment		84,046			89,273
Total deferred rent	$	958,231		$	1,003,236

During the three month periods ended March 31, 2014 and 2013, the Company recorded $27,063 and $22,272, respectively, in deferred rent amortization of these landlord funded leasehold improvements.

Straight line rent adjustment represents the difference between cash rent payments and the recognition of rent expense on a straight-line basis over the terms of the lease.