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Commitments and Contingencies
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3 Months Ended | |||||||||||||||||||||||||
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Mar. 31, 2013
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| Commitments and Contingencies [Abstract] | ||||||||||||||||||||||||||
| Commitments and Contingencies |
9. Commitments and Contingencies Lease Obligations - The Company leases office space under two operating lease agreements. The first agreement expires in 2014. During the three months ended March 31, 2013 and 2012 the Company incurred $14,880 and $10,480, respectively of rent expense under the first lease agreement and is included in general and administrative expense in the Condensed Statements of Comprehensive (Loss) Income. On January 18, 2013, we entered into a sublease agreement for our former headquarters space of approximately 1,870 square feet. The sublease provides $3,000 per month rent, expires on October 31, 2013 and $ amount is included in general and administrative expense in the Condensed Statements of Comprehensive (Loss) Income. On December 16, 2012 the Company entered into a second and separate operating lease agreement commencing on January 1, 2013 to lease 4,600 square feet of office space. The lease expires on June 30, 2015 and provides for monthly rent of $4,064 for the first 10 months and $6,386 per month for the remaining 20 months of the lease. During the three months ended March 31, 2013 the Company incurred $11,610 of rent expense under the first lease agreement and is included in general and administrative expense in the Condensed Statements of Comprehensive (Loss) Income. Future minimum payments under the leases at March 31, 2013 are as follows:
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