COMMITMENTS

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 17. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $278,636 over the term of three leases, the last expiring on July 31, 2014.

Commitments in each of the next five years are as follows:

2012	$	149,496
2013	$	80,609
2014	$	48,532