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LEASES
6 Months Ended
Jun. 30, 2016
Leases [Abstract]  
LEASES

NOTE 6 - LEASES

 

Operating Lease - The Company leases office space in Pittsburgh, Pennsylvania for $4,667 on a month to month basis.  The Company may further be obligated for a lease for space in Los Angeles, California for $27,872 a month through February 2017, $28,710 a month through February 2018, $29,581 a month through February 2019 and $30,573 a month through June 2019.

 

The future minimum lease payments for non-cancelable operating leases having remaining terms in excess of one year as of June 30, 2016 are as follows:

 

       
Year ending June 30:     Lease Payments
2017     288,319
2018     323,221
2019     148,842
Thereafter     -
Total Minimum Lease Payment     $                  760,382

 

Lease expense charged to operations was $115,918 and $116,820 for the six months ended June 30, 2016 and 2015, respectively.