14. COMMITMENTS

6 Months Ended

Jun. 30, 2016

Notes to Financial Statements

14. COMMITMENTS

14.       Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $303,963 over the term of two leases, the last expiring on December 31, 2020.

Commitments in the next five years are as follows:

2016	$	35,643
2017	$	65,280
2018	$	66,480
2019	$	67,680
2020	$	68,880