15. Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

15. COMMITMENTS AND CONTINGENCIES

In the United States, the Company leases approximately 1,550 square feet of office space in Boca Raton, Florida at the rate of $3,958 per month pursuant to a three-year lease which expired in October 2018. In October 2018 the Company entered into a new three-year lease at the same location and added an additional 513 sq. feet in space at a total rate of $4,223 per month. The Florida office houses the Company’s corporate headquarters and administrative staff.

The Company animation subsidiary TDH leases portions of 3 floors comprising in the aggregate approximately 28,800 square feet in the West Tower of the Philippine Stock Exchange Centre in Pasig City, Manila. The space is used for administration and production purposes and the Company pays approximately $22,533 per month in the aggregate for such space (which increases by approximately 5% per year. These leases expire in December 2022.

The Company opened a new 1,400 square foot office in Norcross, Georgia on January 1, 2018 to house its NetSpective Webfilter division. The monthly rent pursuant to a five-year lease which expires in December 2023, is $2,055 per month which increases by approximately 3% annually.

The future minimum payment obligations as of December 31, 2018, for operating leases are as follows:

2019	$	97,859
2020	$	98,599
2021	$	90,892
2022	$	49,402
2023	$	27,619