XML 61 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727
COMMITMENTS
6 Months Ended 12 Months Ended
Jun. 30, 2015
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]    
12. COMMITMENTS

The Company had the following financial commitments, represented by rental lease agreements, as of June 30, 2015:

 

Year ending December 31,  
 2015   $ 7,396  
 2016     13,066  
 2017     13,400  
 2018     6,761  
 Total     40,622  

 

Rent expense under the lease agreements for the six and three months ended June 30, 2015 was $1,187 and $0.  For the same period in the prior year rent expense was $18,885 and $9,556, respectively. Amounts from the six and three months ended June 30, 2014 was for DNA Canada, Inc. and is reflected in loss from discontinued operations.

 

On March 15, 2015 the Company entered into a 38 month lease agreement for office space 322 Nancy Lane, Suite 7, Knoxville, Tennessee.   This office will be the operational headquarters for the Company. 

The Company had the following financial commitments, represented by rental lease agreements, as of December 31, 2014:

 

    Year ending December 31,  
2015   $ 33,157  
2016     20,688  
2017     20,688  
2018     20,688  
2019     20,688  
    $ 115,909  

 

Rent expense under the lease agreements for the years ended December 31, 2014 and 2013 were $40,005 and $40,385, respectively.