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Commitments & Contingencies
6 Months Ended
Jun. 30, 2011
Commitments & Contingencies

Note 7: Commitments and Contingencies

 

Litigation

The Company may from time to time be involved in legal proceedings arising from the normal course of business. There are no pending or threatened legal proceedings as of June 30, 2011.

 

Operating Leases and Service Contracts

 

The Company rents its facilities on a month-to-month basis. Most of its service contracts are also on a month-to-month basis. However, the Company entered into a couple of noncancelable service contracts during the three months ended June 30, 2011. Future minimum payments under noncancelable service contracts are as follows for the years ended December 31:

 

2011      $            8,010
2012                  16,020
2013                  16,020
2014                    5,905
2015                           -
Thereafter                           -
Total      $          45,955