Related Party Transactions

3 Months Ended

Mar. 31, 2012

Note 6. RELATED PARTY TRANSACTIONS

In November 2011, the Company signed a five year lease for its offices with a managing member of the Company. The lease, which terminates in October 2016, calls for monthly rental payments of $3,337. Rent expense for the quarters ended March 31, 2012 and 2011 was $10,850 and $11,455, respectively.

Future minimum annual rentals under the terms of this lease are as follows:

Year	Amount
2012	$	30,033
2013		40,044
2014		40,044
2015		40,044
2016		33,370
	$	183,535

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

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+ Details

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