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6. LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2012

6. LEASE COMMITMENTS

The Company leases its office space in Los Angeles, California under an operating lease that extends through March 2013 at a rate of approximately $1,200 per month. Rent expense for the years ended December 31, 2012 and 2011 amounted to approximately $16,000 and $112,000, respectively.

Future minimum lease payments under are as follows.

Year Ended
December 31,

2013		3,600
Total	$	3,600

- 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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