13. COMMITMENTS

6 Months Ended

Jun. 30, 2013

Notes to Financial Statements

Note 13. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $114,170 over the term of three leases, the last expiring on July 31, 2014.

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

2013	68,797
2014	453,731