Quarterly report pursuant to Section 13 or 15(d)

Commitments

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Commitments
3 Months Ended
Mar. 31, 2014
Commitments [Abstract]  
Commitments
11.        Commitments
 
Operating lease – The Company leases office space in New York City to conduct its business. The Company’s previous lease began in October 2011 and was terminated as of September 30, 2013. As of March 31, 2014, the Company owes $25,000 to the former lessor which will be settled with the issuance 83,334 shares of the company’s common stock. Non-contingent rent increases were being amortized over the life of the lease on a straight line basis. The Company’s current lease began on October 1, 2013 and expires December 31, 2014. The rental expense charged to operations for the three months ended March 31, 2014 and 2013 amounted to $14,400 and $27,349, respectively.