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COMMITMENTS

12 Months Ended

Dec. 31, 2012

7. COMMITMENTS:

The Company has employment agreements with three employees. The aggregate future commitment under these agreements is as follows:

Year ending December 31,

2013	$884,500
2014	923,000
	$1,807,500

These agreements provide for additional bonus payments that are calculated as defined.

The Company leases an office and warehouse facility under a non-cancelable operating lease which expires in December 2022. The aggregate future commitment under this agreement is as follows:

Year ending December 31,

2013	$1,554,080
2014	1,591,604
2015 2016 2017	1,562,685 1,600,467 1,639,382
Thereafter	7,572,922
	$15,521,140

Rent expense for the years ended December 31, 2012, 2011 and 2010 was $1,634,121, $1,044,394 and $443,071, 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.

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