COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2020

COMMITMENTS AND CONTINGENCIES

NOTE 10 - COMMITMENTS AND CONTINGENCIES

Leases

The Company leases its California office facilities on a month-to-month lease with either party having the option to terminate with 30 days’ notice.

The Company also leases its Texas office facilities pursuant to a long-term operating lease agreement requiring an initial deposit of $2,850 and 36 monthly payments of $2,850 commencing January 2019 through December 2021. See Note 6 for more details.

Total rent expense under all operating leases was $51,926 and $51,876 for the years ended December 31, 2020 and 2019, respectively.