Commitments & Contingencies

9 Months Ended

Sep. 30, 2011

Notes to Financial Statements

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 September 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 nine months ended September 30, 2011. Future minimum payments under noncancelable service contracts are as follows for the years ended December 31:

2011	$	4,605
2012		18,420
2013		18,420
2014		6,905
2015		-
Thereafter		-
Total	$	48,350