Leases

3 Months Ended

Mar. 31, 2017

Leases [Abstract]

Leases

8. LEASES

The Company entered into two operating leases for office space in Woombye and Brisbane, Queensland, Australia, both expiring in April 2018. The future minimum payments on the leases for each of the next two years and in the aggregate amount to the following:

2017	$	61,284
2018		68,005
	$	129,289

Rent expense for each of the three months ended March 31, 2017 and 2016 amounted to approximately $23,000 and is included in “General and Administrative” expenses on the related statements of operations.