13. COMMITMENTS

9 Months Ended

Sep. 30, 2013

Notes to Financial Statements

Note 13. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $199,306 over the term of three leases, the last expiring on September 30, 2015.

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

2013	47,081
2014	140,869
2015	11,356