COMMITMENTS

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS

NOTE 9 – COMMITMENTS

a. Leases - The Corporate office located at 717 Fifth Avenue, New York, New York has a remaining lease liability of $0.2 million payable through September 2017. The rent expense for this operating lease was approximately $300,000 for the year ended December 31, 2016 and $225,000 during the period from March 1, 2015 to December 31, 2015.

b. Legal Proceedings – We are a party to routine litigation incidental to our business. Some of the actions to which we are a party are covered by insurance and are being defended or reimbursed by our insurance carriers. See Item 3. Legal Proceedings, for additional information on legal proceedings.