Quarterly report pursuant to Section 13 or 15(d)

K. COMMITMENTS AND CONTINGENCIES (Tables)

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

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

 

2013 (remainder of)   $ 188,878  
2014     414,267  
2015     426,399  
2016     169,155  
2017     174,099  
2018 and thereafter     410,184  
Total   $ 1,782,982  
Rent expenses schedule

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

 

2013 (remainder of)   $ 66,280  
2014     134,872  
2015     138,919  
Total   $ 340,071  

 
Sales Tax

The following table sets forth the change in the sales tax accrual as of June 30, 2013 and December 31, 2012:

 

    June 30, 2013     December 31, 2012  
Balance, beginning of year   $ 1,188,133     $ 1,068,314  
Collections     190,664       277,374  
Provisions     (118,913 )     (119,255 )
Interest and penalties     7,342       32,696  
Payments     (166,063 )     (70,996 )
Balance, end of period   $ 1,101,163     $ 1,188,133