14. COMMITMENTS

3 Months Ended

Mar. 31, 2017

Notes to Financial Statements

14. COMMITMENTS

14.         Commitments.

The Company is committed to minimum rental payments for property and premises aggregating approximately $882,550 over the term of three leases, the last expiring on October 31, 2021.

Commitments in the next five year are as follows:

2017	$	154,630
2018	$	201,840
2019	$	205,580
2020	$	209,400
2021	$	111,100