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COMMITMENTS (Tables)

3 Months Ended

Mar. 31, 2014

COMMITMENTS

Schedule of future minimum rental payments

Year ended December 31,		Amount
2014 (last 9 months)		$	1,336,287
2015		1,381,992
2016		1,125,069
2017		1,180,400
2018		1,180,400
Thereafter		3,639,567
Total		$	9,843,715

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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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