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7. LEASE COMMITMENTS	12 Months Ended
Dec. 31, 2011
Notes to Financial Statements
7. LEASE COMMITMENTS	7. LEASE COMMITMENTS The Company leases its office space on a month-to-month basis under an operating lease. In March 2012, the Company terminated its preexisting lease in Van Nuys, California and entered into a 12 month operating lease for office space at a rate of approximately $1,200 per month in Los Angeles, California. Rent expense for the year ended December 31, 2011 and 2010 amounted to approximately $112,000 and $243,000, respectively.

7. LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2011

7. LEASE COMMITMENTS

The Company leases its office space on a month-to-month basis under an operating lease. In March 2012, the Company terminated its preexisting lease in Van Nuys, California and entered into a 12 month operating lease for office space at a rate of approximately $1,200 per month in Los Angeles, California. Rent expense for the year ended December 31, 2011 and 2010 amounted to approximately $112,000 and $243,000, 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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