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COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2013

Commitments And Contingencies Tables

Schedule of future minimum rental payments

As of December 31, 2013, future minimum rental payments are as follows:

Years Ending December 31,
2014			$	316,039
2015				371,240
2016				382,377
2017				393,848
2018				302,748
Total minimum lease payments				1,766,252
Noncancelable sub-lease income				(38,956	)
Net minimum lease payments			$	1,727,296

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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

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