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These excerpts taken from the RVBD 8-K filed Apr 30, 2009. 5. Commitments The Company leases certain equipment and facilities under operating and capital lease arrangements, and is obligated to pay monthly rent through January 2009. Rent expense for the nine months ended September 30, 2008 and 2007 was approximately $492,750 and $340,466, respectively. In connection with the facilities lease agreement, the Company has placed in escrow $56,009 as a deposit on the facility. This amount is included in restricted cash as of September 30, 2008 and December 31, 2007 in the accompanying balance sheets.
5. Commitments The Company leases certain equipment and facilities under operating and capital lease arrangements, and is obligated to pay monthly rent through 2008. The minimum future rental payments under the lease agreements are approximately as follows:
Rent expense for the years ended December 31, 2007 and 2006 was approximately $536,000 and $512,000, respectively. In connection with the facilities lease agreement, the Company has placed in escrow $51,330 as a deposit on the facility at December 31, 2007 and 2006. These amounts are included in restricted cash in the accompanying balance sheets.
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