COMMITMENTS

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note 13 - COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $235,220 over the term of three leases, the last expiring on July 31, 2014.

Commitments in each of the next three years are approximately as follows:

2012	107,920
2013	79,460
2014	47,840