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6. Operating Leases

9 Months Ended

Sep. 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 September 30, 2013 are as follows:

For the twelve months ended September 30	Future Rent Payments
2014	$	292,443
2015		240,188
Total	$	532,631

For the three and nine months ended September 30, 2013, the Company recognized lease and rent expense of $104,518 and $316,224, respectively, under existing operating leases. For the three and nine months ended September 30, 2012, the Company recognized lease and rent expense of $104,202 and $1,771,685, respectively.

In addition, the Company has purchase commitments of $345,000 as of Sept 30, 2013.

- 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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