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&lt;div&gt;&lt;!--StartFragment--&gt; &lt;p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px"&gt; &lt;strong&gt;NOTE 5 - COMMITMENTS&lt;/strong&gt;&lt;/p&gt; &lt;p style="MARGIN: 0px"&gt;&lt;br /&gt; &lt;/p&gt; &lt;p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px"&gt;The Company is obligated under operating leases for laboratory space expiring June 2013 and April 2014.&lt;/p&gt; &lt;p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px"&gt; Aggregate minimum future lease payments under the operating leases are as follows:&lt;/p&gt; &lt;p style="MARGIN: 0px"&gt;&lt;br /&gt; &lt;/p&gt; &lt;table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0" align="center"&gt; &lt;tr style="FONT-SIZE: 0px"&gt; &lt;td width="128"&gt;&amp;nbsp;&lt;/td&gt; &lt;td width="56"&gt;&amp;nbsp;&lt;/td&gt; &lt;td width="119"&gt;&amp;nbsp;&lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style="MARGIN-TOP: 0px" valign="bottom" width="128"&gt; &lt;p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: center"&gt; YEAR ENDING&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px" valign="bottom" width="56"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px" valign="bottom" width="119"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="128"&gt; &lt;p style="FONT-FAMILY: Arial; MARGIN: 0px; text-align: center"&gt; DECEMBER 31,&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px" valign="bottom" width="56"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="119"&gt; &lt;p style="FONT-FAMILY: Arial; MARGIN: 0px; text-align: center"&gt; AMOUNT&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="128"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="56"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="119"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style="MARGIN-TOP: 0px" valign="bottom" width="128"&gt; &lt;p style="FONT-FAMILY: Arial; MARGIN: 0px; text-align: center"&gt; 2013&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px" valign="bottom" width="56"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px" valign="bottom" width="119"&gt; &lt;p style="MARGIN-BOTTOM: -2px; FONT-FAMILY: Arial; FLOAT: left; MARGIN-TOP: 0px; WIDTH: 110px; MARGIN-RIGHT: -101px; TEXT-INDENT: 9px"&gt; $&lt;/p&gt; &lt;p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 101px"&gt; 74,194&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;tr&gt; &lt;td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="128"&gt; &lt;p style="FONT-FAMILY: Arial; MARGIN: 0px; text-align: center"&gt; 2014&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="56"&gt; &lt;p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"&gt; &amp;nbsp;&lt;/p&gt; &lt;/td&gt; &lt;td style="MARGIN-TOP: 0px; BACKGROUND-COLOR: #ccffff" valign="bottom" width="119"&gt; &lt;p style="FLOAT: left; FONT-FAMILY: Arial; MARGIN-BOTTOM: -2px; MARGIN-TOP: 0px; text-align: right; WIDTH: 110px"&gt; 23,276&lt;/p&gt; &lt;/td&gt; &lt;/tr&gt; &lt;/table&gt; &lt;p style="MARGIN: 0px"&gt;&lt;br /&gt; &lt;/p&gt; &lt;p style="FONT-FAMILY: Arial,Times New Roman; MARGIN: 0px; text-align: justify"&gt; Rent expense approximating $53,563 and $9,910 is included in research and development expenses for the years ended December 31, 2012 and 2011.&lt;/p&gt; &lt;p style="MARGIN: 0px"&gt;&lt;br /&gt; &lt;/p&gt; &lt;!--EndFragment--&gt;&lt;/div&gt; &lt;/div&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>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. 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