OPERATING LEASES

12 Months Ended

Dec. 31, 2012

11. OPERATING LEASES

We lease our production facilities and administrative offices as well as certain equipment used in our operations. The lease terms range from monthly to five years. We occupy a 51,000 square foot facility in Wixom, Michigan under a lease expiring in August 2014. We also occupy a 51,000 square foot facility in Grapevine, Texas under a lease expiring in December 2015. In addition, we lease a 57,000 square foot facility in Greer, South Carolina under a lease expiring February 2015 with an option to renew the lease for one year.

		2012			2011			2010

Lease Payments Under Operating Leases		$	1,955,626		$	2,001,094		$	2,211,080

Future minimum rental payments under operating lease agreements are as follows:


Year ending December 31, 2013	$	1,740,638
Year ending December 31, 2014		1,270,536
Year ending December 31, 2015		884,323
Year ending December 31, 2016		631,905
Year ending December 31, 2017		606,700
Year ending December 31, 2018 and thereafter		948,840

Total	$	6,082,942

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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