Note 8 - Operating Lease Commitments

12 Months Ended

Dec. 31, 2012

Notes

Note 8 - Operating Lease Commitments

NOTE 8 - OPERATING LEASE COMMITMENTS

The Company assumed an operating lease for office space on November 1, 2011, under a non-cancellable lease obligation which expires on August 31, 2016.

Rent Period                                           Monthly Base Rent

09/01/2012 – 08/31/2013                 $12,126

09/01/2013 – 08/31/2014                 $10,913

09/01/2014 – 08/31/2015                 $11,182

09/01/2015 – 08/31/2016                 $11,451

The Company assumed an operating lease for office equipment on December 5, 2011, under non-cancellable lease obligation which expired on May 31, 2012.

Lease Period                                         Monthly Lease Amount

12/05/2011 – 09/30/2015                 $99

Future minimum commitments including extension options under all non-cancellable operating lease obligations are as follows:

Contractual Obligations	2013	2014	2015	2016	2017	Total
Operating Leases	$142,000	$133,000	$136,000	$92,000	$0	$503,000