Sonnet BioTherapeutics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES (Tables)

COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Rent obligations for our five restaurants are presented below:

Years ended June 30,
2014		$	510,595
2015			488,718
2016			445,432
2017			229,083
thereafter			554,647
Totals		$	2,228,475

Schedule of Rent Expense [Table Text Block]

Rent expense for the three and six months ended June 30, 2013 and June 30, 2012 was as follows:

		Three months ended						Six months ended
		June 30, 2013			June 30, 2012			June 30, 2013			June 30, 2012
Segment:
Restaurants (1)		$	165,047		$	142,621		$	349,025		$	273,887
Management (2)			7,797			6,525			17,403			13,050
Totals		$	172,844		$	149,146		$	366,428		$	286,937