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COMMITMENTS AND CONTINGENCIES | 12 Months Ended
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Dec. 31, 2012
COMMITMENTS AND CONTINGENCIES [Abstract] |
COMMITMENTS AND CONTINGENCIES | NOTE 13 - COMMITMENTS AND CONTINGENCIES Operating lease On April 25, 2011, the Company entered into a 3 year escalating lease agreement for 1,352 square feet commencing July, 2011. The monthly rental rate is $1,800, $1,920 and $2,040 for the lease years ending July 31, 2012, 2013 and 2014, respectively. The Company incurred $1,664 in leasehold improvements prior to occupancy and paid a security deposit of $1,690. On September 19, 2011, the Company entered into a 1 year sublease for 2,000 square feet in Las Vegas, Nevada. The sublease commenced on October 15, 2011 and requires monthly payments of $3,000. A security deposit of $3,000 was paid to the landlord. Rent expense for the years ended December 31, 2012 and 2011 was $55,034 and $23,311, respectively.
Five Year Minimum Lease Payment Schedule
Year |  |  |
2011 |  | $ | 23,311 |
2012 |  |  | 55,034 |
2013 |  |  | 23,040 |
2014 |  |  | 24,480 |
2015 |  |  | - |
Total |  | $ | 125,865 |

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