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COMMITMENTS (Tables) | 12 Months Ended
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Dec. 31, 2012
COMMITMENTS [Abstract] |
Future commitment under employment agreement | The Company has employment agreements with three employees. The aggregate future commitment under these agreements is as follows:
Year ending December 31, |
2013 | $884,500
2014 | 923,000
| $1,807,500
Future commitment under non-cancelable operating lease | The Company leases an office and warehouse facility under a non-cancelable operating lease which expires in December 2022. The aggregate future commitment under this agreement is as follows:
Year ending December 31, |
2013 | $1,554,080
2014 | 1,591,604
2015 2016 2017 | 1,562,685 1,600,467 1,639,382
Thereafter | 7,572,922
| $15,521,140

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- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
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- Definition Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6453985&loc=d3e41502-112717 + Details
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