Commitments and Contingencies

3 Months Ended

Sep. 30, 2011

Commitments and Contingencies Disclosure [Text Block]

Note 8. Commitments and Contingencies

Operating Leases – The Company is obligated under certain non-cancelable operating leases for the rental of office space. Total lease expense for the three months ended September 30, 2011 and 2010, was $45,578 and $31,429, respectively. Total lease expense for the nine months ended September 30, 2011 and 2010 was $127,301 and $84,591, respectively.

Effective February 2, 2011, we amended our lease agreement for office space. The amended agreement includes an additional 3,783 square feet of net rentable area, resulting in a total rentable area of 11,178 square feet. The lease expires February 28, 2014, with the amended rent commencing on March 1, 2011.

Future minimum lease payments under non-cancelable operating leases are as follows:

2011	$	45,579
2012		186,871
2013		192,477
2014		32,236
Total minimum payments	$	457,163

- Definition

The entire disclosure for commitments and contingencies.

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+ Details

Zyto Corp 10-Q