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COMMITMENTS (Tables)

3 Months Ended

Mar. 31, 2013

Future minimum annual rental payments and sub-lease income

For the three months ended March 31, 2013 and 2012, the Company recognized rent expense of $80,333 and $63,000, respectively.The future minimum annual rental payments and sub-lease income for the years ended December 31 under the lease terms are as follows:

Year Ended	Rentals
2013	$	192,249
2014		85,444
2015		-
2016		-
2017		-
	$	277,693