Annual report pursuant to section 13 and 15(d)

Office Lease

v2.4.0.6
Office Lease
12 Months Ended
Dec. 31, 2012
Office Lease [Abstract]  
Office Lease

Note 10 – Office Lease

 

The Company signed an Office Lease Agreement (the “Lease Agreement”) on April 24, 2008. The Lease Agreement commenced on June 1, 2008 and expired June 1, 2011. On March 8, 2011 the Lease Agreement was amended (amendment 1) to extend the expiration date to May 31, 2012.  On July 24, 2012 the Lease Agreement was amended (amendment 2) to extend the expiration date to July 31, 2015.   The minimum future lease payments to be paid annually under the three-year non-cancellable amended operating lease for office space are as follows:

  

2013     23,000  
2014     23,000  
2015     13,000  
Total   $ 59,000