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COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
COMMITMENTS AND CONTINGENCIES

 

NOTE 14 – COMMITMENTS AND CONTINGENCIES

The Company leases administrative and distribution facilities in Boca Raton, Florida pursuant to a forty-five month non-cancelable operating lease expiring in 2013.  The lease stipulates, among other things, base monthly rents of $5,443 plus the Company’s share of monthly estimated operating expenses of $3,500 and sales tax.  The lease contains one renewal option for an additional two-year period.

The rental expense related to this lease totaled $56,918 and $56,908 for the six months ended June 30, 2012 and 2011, respectively.  Future minimum rental payments are through June 30, 2012 total $102,410.