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7. Operating Leases

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies Disclosure [Abstract]

The Company, through its subsidiaries, has non-cancelable operating leases for office space in Cupertino and India. Future minimum operating lease payments as of March 31, 2013 are as follows:

For the twelve months ended March 31,		Future Rent Payments
	2014	$	405,759
	2015		369,520
	2016		61,895
	Total	$	837,174

For the three months ended March 31, 2013 and 2012, the Company recognized lease and rent expense of $108,173 and $828,219, respectively, under existing operating leases.

- 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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