LEASE COMMITMENTS

6 Months Ended

Jun. 30, 2011

LEASE COMMITMENTS

2 LEASE COMMITMENTS

The Company was obligated under an operating lease for its Florida office, which calls for minimum annual rentals of $23,000. The lease expired in December 2010. The Company continued to lease those premises on a month-to-month basis through April 2011.

In March 2011, the Company entered into an operating lease for its new facilities, which expires in March 2013 and provides for minimum annual rentals of approximately $144,000.

The remaining minimum annual rents for the years ending December 31:

2011	$	72,000
2012		144,000
2013		36,000
Total	$	252,000

Rental expense charged to operations for the three and six months ended June 30, 2011 and 2010 aggregated approximately $13,533 and $32,815 and $6,562 and $10,237, respectively.