Annual report pursuant to Section 13 and 15(d)

N. COMMITMENTS AND CONTINGENCIES (Tables)

v2.4.1.9
N. COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Office Lease Obligations

Commitments for minimum rentals under non-cancelable leases as of December 31, 2014 are as follows:

 

Years ending December 31,

2015   $ 494,806  
2016     245,274  
2017     251,740  
2018     258,381  
2019     265,305  
2020 and thereafter     156,877  
Total   $ 1,672,383  

 

Sales tax accrual
    2014     2013  
Balance, Beginning of year   $ 1,080,482     $ 1,188,133  
Sales tax collected     426,599       409,782  
Provisions     (599,295 )     (138,352 )
Interest and penalties           7,342  
Payments     (554,526 )     (386,423 )
Balance, End of year   $ 353,260     $ 1,080,482