Note 6 - Rent Obligation

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

Leases of Lessee Disclosure [Text Block]

NOTE 

6

– 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

$16,895

and

$16,750

for the

three

months ended

March

31,

2017

and

March

31,

2016

respectively.

The Company’s rent obligation for the next

two

years is as follows:

2017	$	29,250
2018	$	3,000