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4. Rental Leases
12 Months Ended
Dec. 31, 2012
Notes  
4. Rental Leases

4.   RENTAL LEASES

 

The Company leases space at two separate locations on a month-to-month basis. The first is at a monthly rate of $2,464.  The second is at a monthly rate of $7,600 based on the rental rate being recognized on a straight line basis over the 3 year term of the lease. The lease of the facility expires in 2014.  Rent expense relating to its operating facility for the years ended December 31, 2012 and 2011 was $118,129 and $127,556, respectively.

 

As of December 31, 2012, the Company had refundable deposits relating to these operating leases of $29,862.