Operating Leases

12 Months Ended

Dec. 31, 2015

Leases, Operating [Abstract]

Operating Leases

NOTE 7 OPERATING LEASES

We lease our office facilities under a non-cancelable operating lease expiring December 2016 that requires minimum monthly payments ranging from $8,669 to $10,836. Rent expense was $112,612 and $113,957 for the years ended December 31, 2015 and 2014, respectively. We also had two non-cancellable data center service agreements for approximately $7,298 and $2,575 per month, which expired in September 2014 and were not renewed. We have a third non-cancellable data center service agreement for approximately $5,826 per month, which expired in March 2015. We have a fourth non-cancellable data center service agreement for approximately $10,038 per month, which expires in September 2017. Data center services expense was $78,241 and $195,552 for the years ended December 31, 2015 and 2014, respectively, and is included as a component of cost of revenue in the Statement of Operations.

In July and September of 2015, MEGAsys renewed the leases for its principal executive offices in Taiwan, comprised of two suites totaling approximately 4,838 square feet. MEGAsys pays approximately $2,571 per month in total under the terms of the two leases, which expire on June 30, 2016 and September 14, 2016.

Future minimum lease payments under these leases are as follows:

2016		220,854
2017		90,338
Balance at end of period	$	311,192