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Lease Obligations
12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Lease Obligations

NOTE 8 – LEASE OBLIGATIONS

 

Operating leases

 

The Company currently leases office space under a ten-year operating lease that expires in 2021. Rental expense under the leases for the years ended December 31, 2016 and 2015 was $136,313 each year.

 

The following is a schedule by years of the currently held operating lease as of December 31, 2016:

 

Years ending December 31,      
2017   $ 136,313
2018     136,313
2019     136,313
2020     136,313
2021     45,318
Thereafter     -
    $ 590,570