14. COMMITMENTS

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

14. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $777,775 over the term of two leases, the last expiring on October 31, 2021.

Commitments in the next five years are as follows:

2017	$	49,855
2018	$	201,840
2019	$	205,580
2020	$	209,400
2021	$	111,100