13. COMMITMENTS

6 Months Ended

Jun. 30, 2014

Notes to Financial Statements

Note 13. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $56,814 over the term of three leases, the last expiring on September 30, 2015.

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

2014	$	45,849
2015	$	10,965