NOTE 5 - COMMITMENTS

The Company is obligated under an operating lease for office space expiring in 5 years. The commencement date will be in 2014 upon completion of tenant improvements. The aggregate minimum future lease payments under the operating leases are as follows:

DECEMBER 31,	AMOUNT

2014	$	28,025
2015		46,038
2016		47,407
2017		48,817
Thereafter		56,581
TOTAL	$	226,868

The Company is obligated under operating leases for laboratory space expiring April 2014.

Aggregate minimum future lease payments under the operating leases are as follows:

YEAR ENDING
DECEMBER 31,	AMOUNT

2014	$	22,708

Rent expense approximating $68,125 and $53,563 is included in research and development expenses for the years ended December 31, 2013 and 2012.