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Contractual Obligations

9 Months Ended

Sep. 30, 2012

Note 17 — Contractual Obligations

The Company leases office and manufacturing space under operating leases that expires on September 30, 2013. The following is a summary of the Company’s contractual payment obligations for operating leases as of September 30, 2012:

2012 -	$	15,222
2013		45,666
Total Minimum Lease Payments	$	60,888

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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