13. COMMITMENTS

9 Months Ended

Sep. 30, 2014

Notes to Financial Statements

13. COMMITMENTS

13.           Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $21,870 over the term of two leases, the last expiring on September 30, 2015.

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

2014	$11,423
2015	$10,447