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EXCEL - IDEA: XBRL DOCUMENT - AMERICAN CRYOSTEM CorpFinancial_Report.xls
10-K - FORM 10-K - AMERICAN CRYOSTEM Corpacryo_10k12.htm
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v2.4.0.6
NOTE 8. Commitments & Contingencies
12 Months Ended
Sep. 30, 2012
Commitments and Contingencies Disclosure [Text Block]

Note 8. Commitments & Contingencies


Operating Leases - The Company has two operating leases for its laboratory facilities at the Burlington County College Science Incubator in Burlington, New Jersey. Each lease is for a term of one year with a monthly rent of $1,650 per laboratory.


Capital Lease – The Company has a capital lease for laboratory equipment. The minimum lease payments due on the capital lease are as follows.


2013     $ 22,440  
2014       22,440  
2015       11,220  
           
Total minimum lease payments     $ 56,100  
           
Less amounts representing interest       (6,639 )
           
Present value of net minimum lease payments         $ 49,461