12. COMMITMENTS AND CONTINGENCIES Facility Rental The Company leased offices with approximately 6,848 square feet in Bethesda, Maryland, pursuant to a lease which expired on December 31, 2011. The lease required the payment of a refundable security deposit of $28,525 which was included in deposits on the Company s consolidated balance sheet at June 30, 2011 and monthly lease payments of total approximately $16,053. Rent expense for this lease is included in the accompanying financial statements since the reverse acquisition. On December 7, 2011, the Company entered into a one-year lease for 1,957 square feet in Gaithersburg, Maryland which expires on December 31, 2012. The lease required the payment of a refundable security deposit of $4,000 which is included in prepaid expenses and other current assets at June 30, 2012. Monthly lease amounts for this facility total approximately $2,000 including monthly operating expense charges of $763. Rent expense included in the accompanying financial statements since the reverse acquisition was $110,241and $64,212 for the years ended June 30, 2012 and 2011, respectively. Future minimum rental payments required under the current operating lease through expiration are $12,000. Operating Lease In May 2010, AccelPath entered into a non-cancelable operating lease for certain equipment. The lease required monthly rental payments of $3,698 and expired in May 2015. The lease terms required payment of a refundable security deposit of $18,000 which was included in deposits on the Company s consolidated balance sheet at June 30, 2011. On April 9, 2012, AccelPath entered into a general release and covenant not to sue with the lessor. Under the terms of the release, AccelPath returned the equipment to the lessor, the lessor returned AccelPath s security deposit, and the parties released each other from any and all claims. Rent expense for the years ended June 30, 2012 and 2011 was $18,675 and $44,487, respectively. Consulting Agreements On December 14, 2011, the Company entered into a c