13. COMMITMENTS

9 Months Ended

Sep. 30, 2015

Notes to Financial Statements

13. COMMITMENTS

13.           Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $101,983 over the term of three leases, the last expiring on December 31, 2016.

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

2015	$	27,936
2016	$	74,047