15. COMMITMENTS

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

15. COMMITMENTS

15.           Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $342,053 over the term of two leases, the last expiring on December 31, 2020.

Commitments in the next five year are as follows:

2016	$	73,733
2017	$	65,280
2018	$	66,480
2019	$	67,680
2020	$	68,880