XML 21 R18.htm IDEA: XBRL DOCUMENT

COMMITMENTS

3 Months Ended

Nov. 30, 2011

Operating Leases

The Company leases its office and manufacturing facilities under a lease which expires in July, 2013. The lease provides for the payment of taxes and operating costs, such as insurance and maintenance in addition to the base rental payments. The lease is renewable for an additional three year term.

Aggregate minimum annual rental payments under the non-cancelable operating lease are as follows:

Year ended February 28, 2012	$	70,448
2013		72,564
2014		37,152
Total	$	180,164

Rent expense totaled $138,554 and $20,683 for the nine months ended November 30, 2011 and 2010, respectively.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details