Note 11 - Commitments and Contingencies

6 Months Ended

Jun. 30, 2012

Commitments and Contingencies Disclosure [Text Block]

NOTE – 11 COMMITMENTS AND CONTINGENCIES

(a) Operating lease commitments

The Company is committed to lease various office spaces under several non-cancelable operating agreements in a term ranging from 1 to 3 years, with fixed monthly rentals, expiring between May 2012 and October 2014. Costs incurred under these operating leases are recorded as rent expense and totaled approximately $203,543 and $176,724 for the six months ended June 30, 2012 and 2011.

As of June 30, 2012, future minimum rent payments due under the remaining term of the various non-cancelable operating leases in the next three years are as follows:

Year ending June 30:
2013	$	332,248
2014		94,466
2015		12,177
Total:	$	438,891

(b) Contingencies

The Company has not, historically, carried any property or casualty insurance. No amounts have been accrued for any liability that could arise from the lack of insurance. Management feels the chances of such an obligation arising are remote.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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+ Details

China Marketing Media Holdings, Inc. 10-Q