Quarterly report pursuant to Section 13 or 15(d)

K. COMMITMENTS AND CONTINGENCIES (Tables)

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K. COMMITMENTS AND CONTINGENCIES (Tables)
 9 Months Ended
Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Office Lease Obligations

Commitments for minimum rentals under non-cancelable leases at September 30, 2013 are as follows:

 

2013 (remainder of)   $ 100,977  
2014     414,267  
2015     426,399  
2016     169,155  
2017     174,099  
2018 and thereafter     410,184  
Total   $ 1,695,081  

 
Rent expenses schedule

Expected rent payments to be received under the sublease agreement at September 30, 2013 are as follows:

 

2013 (remainder of)   $ 33,302  
2014     134,872  
2015     138,919  
Total   $ 307,093  

 
Sales Tax

 

    September 30,  2013     December 31, 2012  
Balance, beginning of year   $ 1,188,133     $ 1,068,314  
Collections     299,614       277,374  
Provisions     (120,923 )     (119,255 )
Interest and penalties     7,342       32,696  
Payments     (295,963 )     (70,996 )
Balance, end of period   $ 1,078,203     $ 1,188,133