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6. Operating Leases

6 Months Ended

Jun. 30, 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 June 30, 2013 are as follows:

For the twelve months ended June 30	Future Rent Payments
2014	$	275,044
2015		330,259
Total	$	605,302

For the three and six months ended June 30, 2013, the Company recognized lease and rent expense of $103,533 and $211,706, respectively, under existing operating leases. For the three and six months ended June 30, 2012, the Company recognized lease and rent expense of $852,431 and $1,667,483, respectively.

- 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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