Note 6 - Rent Obligation

6 Months Ended

Jun. 30, 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.

The Company has begun negotiations to sign an extended or new lease to remain in the same principal offices. In addition to rent, the Company pays real estate taxes and repairs and maintenance on the leased property. Rent expense was

$16,114

and

$33,008

for the

three

and

six

months ended

June 30, 2017

and was

$17,000

and

$33,750

for the

three

and

six

months ended

June 30, 2016,

respectively.

The Company’s rent obligation for the next

two

years is as follows:

2017	$	19,500
2018	$	3,000