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- Commitments (Tables)

3 Months Ended

Mar. 31, 2014

- Commitments (Tables) [Abstract]

Operating Lease Commitments

At March 31, 2014, minimum future lease payments under non-cancelable operating leases are as follows:

	2014			$ 397,380
	2015			529,840
	2016			529,840
	2017			397,380
	Thereafter			2,914,123
				$ 4,768,563

Capital Lease Commitments

The following is a schedule by year of future minimum payments required under these lease agreements.

		2014	$28,280
		2015	34,644
		2016	34,644
		2017	34,644
		Total payments	132,212
		Less interest	12,647
		Total principal	119,565
		Less current portion	34,214
		Long-term portion	$85,351

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- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737

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- Definition

Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 20

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717

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