Retention Bonus Obligations Retention bonus obligations of $2.0 million and $2.9 million as of December 31, 2013 and December 31, 2012, respectively, were owed under agreements entered with certain employees in conjunction with the acquisition of Archer USA. The agreements state that amounts not paid when due shall accrue interest at an annual rate of 6%. We do not plan on paying these obligations until such time as our resources permit. In January 2013, an officer converted $0.6 million under his retention bonus agreement into 5,207 shares of our Series A Preferred Stock. In December 2012, pursuant to retention bonus agreements, certain officers and employees of the Company elected to convert a portion of their retention bonus agreements into Series A Preferred Stock. Based on their election, 2,817 shares of Series A Preferred stock were issued in exchange for reducing retention bonus amounts by an aggregate amount of approximately $0.5 million. Lease Commitments Future lease obligations for the years 2014, 2015 and thereafter are approximately $0.2, $0.1 and $0.2 million respectively. Contingencies Related to Historical Operations We were incorporated in 1999 and became engaged in business in the mobile industry in early 2008. Between 1999 and 2008, we were engaged in different lines of business including discount brokerage and financial services, mortgage banking, and apparel. Current management was not involved with the Company prior to early 2008. There may be risks and liabilities resulting from the conduct of the Company?s business prior to February 2008 that are unknown to management and not disclosed in these consolidated financial statements. In the event that any liabilities, liens, judgments, warrants, options, or other claims against us arise, these will be recorded when discovered. Legal Proceedings The Company is involved in a number of claims, proceedings and litigation arising from its operations. In accordance with applicable accounting principles and guidance, the Company establishes a reserve