13. Commitments

9 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Note 13. Commitments

The Company is committed to minimum rental payments for property and premises aggregating approximately $246,804 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	42,021
2013	156,247
2014	48,536