Note 7 - Rent Obligation

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

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

$66,239

and

$66,345

for

2016

and

2015,

respectively.

The Company’s rent obligation for the next

three

years are as follows:

2017	$	39,000
2018	$	3,000