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Operating Leases
 3 Months Ended
Mar. 31, 2012
Operating Leases [Abstract]  
Operating Leases

Note 6 Operating Leases

The Company leases approximately 25,500 square feet of office space at two locations. The following table summarizes the total lease and operating expenses for the three months ended March 31, 2012 and 2011:

 

                 
    March 31, 2012     March 31, 2011  
Three Months Ended
  $ 170,379     $ 146,372  

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

 

                 
2012
 
2013
 
2014
 
2015
 
2016
$ 332,000
  $417,000   $397,000   $401,000   $234,000

In addition to the above rent, the Company will also be responsible for normal operating expenses of the properties. Such operating expenses were approximately $9.60 per square foot in 2011, on a combined basis, and are expected to be approximately $9.69 per square foot in 2012.