Annual report pursuant to Section 13 and 15(d)

N. COMMITMENTS AND CONTINGENCIES (Tables)

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N. COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Office Lease Obligations

Commitments for minimum rentals under non-cancelable leases as of December 31, 2013 are as follows:

 

Years ending December 31,

2014   $ 459,994  
2015     494,806  
2016     245,274  
2017     251,740  
2018     258,381  
2019 and thereafter     422,182  
Total   $ 2,132,377  

Rent expenses

Expected rent payments to be received under sublease agreement as of December 31, 2013 are as follows:

 

Years ending December 31,

2014   $ 134,872  
2015     138,919  
Total   $ 273,791  
Sales Tax

The following table sets forth the change in the sales tax accrual during the years ended December 31:

 

    2013     2012  
Balance, Beginning of year   $ 1,188,133     $ 1,068,314  
Sales tax collected     409,782       277,374  
Provisions     (138,352 )     (119,255 )
Interest and penalties     7,342       32,696  
Payments     (386,423 )     (70,996 )
Balance, End of year   $ 1,080,482     $ 1,188,133