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Contractual Commitments
 6 Months Ended
Jun. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Contractual Commitments
Contractual Commitments and Contingencies

Contractual Commitments
In addition to the Capital Leases noted above, the Company has entered into operating lease agreements for facility space and equipment.  The estimated annual lease payments are as follows:
12-month period ended June 30
2014
$
837,406

2015
1,122,322

2016
1,319,454

2017
1,359,514

Thereafter
2,237,443

 
$
6,876,139



Letters of Credit

As a condition of the leases for the Company's facility space we are obligated under standby letters of credit in the amount of approximately $550,000. These obligations decrease in value at various times over the lives of the leases.