16. COMMITMENTS

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

16. COMMITMENTS

16. Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $934,854 over the term of three leases, the last expiring on October 31, 2021.

Commitments in the next five year are as follows:

2017	$	206,934
2018	$	201,840
2019	$	205,580
2020	$	209,400
2021	$	111,100