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Annual report pursuant to Section 13 and 15(d)

Note 7 - Lease Commitments

v2.4.0.6
Note 7 - Lease Commitments
12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Text Block]
(7)ÌýÌýÌýÌýÌý Lease Commitments

The Trust is a lessee under an operating lease in connection with its administrative offices located in Dallas, Texas.ÌýÌýThis lease agreement requires monthly rent of approximately $5,867 and expires in October 2014.ÌýÌýFuture minimum lease payments were as follows at December 31, 2012:

Year ending December 31,
Ìý
Amount
Ìý
2013
Ìý $ 70,400 Ìý
2014
Ìý Ìý 58,667 Ìý
2015
Ìý Ìý - Ìý
2016
Ìý Ìý - Ìý
Thereafter
Ìý Ìý - Ìý
Ìý Ìý $ 129,067 Ìý

Rent expense amounted to $70,400 for each of the years ended December 31, 2012, 2011, and 2010, respectively.