NOTE 14 - COMMITMENTS

Employment Agreements

We have employment agreements with each of our executive officers. Such agreements provide for minimum salary levels, adjusted annually, and incentive bonuses that are payable if specified company goals are attained. The aggregate commitment at June 30, 2017 for future executive salaries during the next fiscal year ending March 31, 2018 was approximately $0.5 million. For the remainder of our employees, the aggregate commitment at June 30, 2017 was approximately $0.3 million for accrued payroll, vacation and holiday pay.