Leases

12 Months Ended

Dec. 31, 2011

Leases:

Leases of Lessor Disclosure

NOTE 8 – LEASE OBLIGATION

Corporate Office

The Company leases 823 square feet of office space located at 14497 North Dale Mabry Highway, Suite 209-N, Tampa, Florida 33618. The original term of the lease agreement commenced on October 1, 2008 and expired on March 31, 2010. The Company executed an amendment to the original lease effective retroactive to April 1, 2010. Under the amended lease agreement, the base rental rate, including taxes, is $1,166 per month, plus additional monthly charges for services used by the Company. Under the amendment, the lease term was extended to May 31, 2012.

Rental expense for the corporate office was $15,122 and $38,377 for the periods ended December 31, 2011 and 2010, respectively, and $104,593 for the period from inception to December 31, 2011.  As of December 31, 2011, future minimum rental payments required under this non-cancelable operating lease was $5,830, all of which is due during 2012.