Leases

We lease certain office space and equipment. As leases expire, it can be expected that they will be renewed or replaced in the normal course of business. Rent expense from continuing operations was approximately $105,446 for the year ended December 31, 2015 and for the year ended December 31, 2014, was a net rent income $51,605.

Minimum lease payments under non-cancelable operating leases as of December 31, 2015 are:



	Lease Payments		Sublease income
2016	$	231,560	$	50,753
2017	177,656		—
2018	181,209		—
2019	184,852		—
2020	140,749		—
Total	$	916,026	$	50,753

In 2013, we entered into an agreement to lease office space in Conway, Arkansas for two years in the total amount of $193,200 which was prepaid. The lease terminated in February 2015 and continued on a month to month basis through November 2015. First Orion Corp., the lessor of this space, is partially owned by a director and shareholder of Inuvo.

In April 2015, we entered into a five year agreement to lease office space in Little Rock, Arkansas commencing October 1, 2015, to serve as our headquarters. The new lease is for 12,245 square feet and will cost approximately $171,000 during its first year. Thereafter, the lease payment will increase by 2%. We vacated the Conway, Arkansas premises November 30, 2015.