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COMMITMENTS
3 Months Ended
Jun. 30, 2013
COMMITMENTS  
COMMITMENTS

NOTE 16 — COMMITMENTS

 

We have employment agreements with our executive officers. Such agreements provide for minimum salary levels, adjusted annually, as well as for incentive bonuses that are payable if specified company goals are attained. The aggregate annual commitment at June 30, 2013 for future salaries during the next twelve months, excluding bonuses, was approximately $1,000,000.