Operating Leases

12 Months Ended

Dec. 31, 2011

18. OPERATING LEASES

The Company leases equipment and office space under noncancellable operating leases and also month-to-month rental agreements.

The following is a schedule, by years, of future minimum rental payments required under operating leases having initial or remaining noncancellable terms in excess of one year as of December 31, 2011:


Year ending December 31,
2012	$	332,322
2013		305,560
2014		233,850
2015		164,933
2016		68,130
2017		49,520

Total rental expense under all operating leases was $634,375 and $551,413 in 2011 and 2010, respectively.

- Definition

The entire disclosure for operating leases of a lessor. This may inlcude a general description of lessor's leasing arrangements for operating leases, including the basis on which contingent rental payments are determined, the existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease arrangements, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions.

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