Minimum commitments due under the amended license agreement (Tables)

12 Months Ended

Dec. 31, 2014

Minimum commitments due under the amended license agreement

Minimum commitments due under the amended license agreement

The future minimum operating lease commitments are as follows:

	Amount
2015	$	41,160

In terms of the license agreement commitments disclosed in note 5 above, the minimum commitments due under the amended license agreement entered into on January 30, 2013, for the next five years, are summarized as follows:

	Amount
2015	$	700,000
2016		1,000,000
2017		1,000,000
2018		1,000,000
2019		1,000,000
	$	4,700,000