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Commitments And Contingencies

6 Months Ended

Jun. 30, 2014

The Company leases three stores for its Starfruit subsidiary. Total expense for these leases was approximately $150,566, $175,209 and $347,164 for the six months ended June 30, 2014, 2013 and for the year ended December 31, 2013, respectively. The Company is also responsible for additional rent equal to real estate taxes and other operating expenses. Future annual minimum base rental payments for the leases as of June 30, 2014 are as follows:


For the 12 Months Ending June 30,
2015	$	44,799
2016		46,143
2017		47,527
2018		48,953
2019		24,838
Total	$	212,260

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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