Note 7 - Rent Obligation

3 Months Ended

Mar. 31, 2016

Leases of Lessee Disclosure [Text Block]

NOTE 7 – RENT OBLIGATION

The Company leases its principal office under a lease that can be cancelled after three years with proper notice per the lease and an amortized schedule of adjustments that will be due to the landlord. The lease extends five years and expires January 2018. In addition to rent, the Company pays real estate taxes and repairs and maintenance on the leased property. Rent expense was $16,750 and $18,433 for the three months ended March 31, 2016 and March 31, 2015 respectively.

The Company’s rent obligation for the next three years is as follows:

2016	$	28,500
2017	$	39,000
2018	$	3,600