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Note 7 - Commitments

12 Months Ended

Dec. 31, 2014

Disclosure Text Block Supplement [Abstract]

7. COMMITMENTS:

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

Year ending December 31,

2015	$	588,000
2016		588,000
	$	1,176,000

These agreements provide for additional bonus payments that are calculated as defined in the respective employment agreements.

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,

2015	$	1,562,685
2016		1,600,467
2017		1,639,382
2018		1,679,465
2019		1,720,750
Thereafter		4,172,707
	$	12,375,456

Rent expense for the years ended December 31, 2014, 2013 and 2012 was $1,608,702, $1,636,171 and $1,634,121, 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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