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FUTURE MINIMUM COMMITMENTS (Tables) | 12 Months Ended
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Dec. 31, 2012
FUTURE MINIMUM COMMITMENTS |
FUTURE MINIMUM COMMITMENTS | Future minimum commitments under the agreements are as follows:
For the Years Ending December 31: |
2013 | $ 13,133,498
2014 | 968,860
Total | $ 14,102,358

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- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Topic 840 -SubTopic 30 -Publisher FASB -Number -Article -Subparagraph (b) -Name Accounting Standards Codification -Paragraph 1 -Section 50 -URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737 + Details
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