Future Lease Committments

9 Months Ended

Sep. 30, 2016

Notes

Future Lease Committments

  NOTE 16: FUTURE LEASECOMMITTMENTS

On December 1, 2012, the Company entered into a lease agreement for the premises for its Swiss office with a third party. The annual rental expense amounts to approximately $130,000 on a fixed term expiring on December 31, 2017.

Future lease commitments	September 30, 2016 $	December 31, 2015 $
2016	32,500	130,000
2017	130,000	130,000