9. Commitments and contingencies
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9 Months Ended |
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Sep. 30, 2012
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Commitments and Contingencies Disclosure [Abstract] | |
Note 9. Commitments and contingencies |
Legal matters
There is no other litigation of any significance with the exception of the matters that have arisen under, and are being handled in, the normal course of business.
Lease agreement
The Company entered into a lease agreement with Balboa building on February 1, 2012. This agreement calls for the company to lease suites 215, 216, 217, 218, 219, 220, 221, 229, 230 on the second floor of the Balboa building located at 735 State St. Santa Barbara, Ca. This lease was executed in anticipation of the Company's growth and the need to increase square footage while space is available. The lease agreement calls for a monthly rental of $7,095, which will expire on December 31, 2013. |