14. COMMITMENTS

6 Months Ended

Jun. 30, 2017

Notes to Financial Statements

14. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $830,235 over the term of two leases, the last expiring on December 31, 2020.

Commitments in the next five years are as follows:

2017	$	102,315
2018	$	201,840
2019	$	205,580
2020	$	209,400
2021	$	111,100