Note 7 - Commitments

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Text Block]

Note

Commitments

The Company’s principal executive offices are located in Princeton, New Jersey. Monthly rent is $75.

The engineering research, design and development facility is located in Fort Washington, Pennsylvania where the Company leases general office space under a lease agreement that was renewed in December 2010 and terminates in February 2016. The rent under the initial year was approximately $51,421 with a 30% increase in the second year and 2% to 3% increases each year thereafter. A new lease was entered into in March 2016 and will continue through June 2021. Rent is being expensed on a straight-line basis over the term of the lease. Future lease payment consist of the following for the years ended December 31,:

2016	$	49,795
2017	$	76,564
2018	$	78,291
2019	$	80,018
2020	$	81,745
Thereafter	$	41,592
		408,005

The Company also leases a facility in Largo, Florida which supports production of the ADEPT product line and quality assurance, field support, and life cycle management. In October 2015, the Company entered into a lease for a period of one year at a monthly rent of

$2,475.

The Company maintains a marketing office in Washington, D.C. under a month to month lease.

Total rent expense during 2015 and 2014 was $123,776 and $116,965, respectively. The Company has $12,233 in future obligations under non-cancellable operating leases that are due in 2016.