13. COMMITMENTS

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

13. COMMITMENTS

13.           Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $36,431 over the term of two leases, the last expiring on October 31, 2015.

Commitments in each of the next two years are approximately as follows:

2015 $ 36,431