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7. OPERATING LEASE
6 Months Ended
Jun. 30, 2015
Leases [Abstract]  
7. OPERATING LEASE

7. OPERATING LEASE

 

The Company leased a 3,600 sq. ft. office and warehouse space at 1550 Caton Center Drive, Baltimore, Maryland, under a non-cancellable operating lease which expired in May 2015. The original base rent was $3,077 per month with a 3% annual rent escalator clause. Upon its expiration the Company leased 1,500 sq. ft. under a non-cancellable lease at 1900 Lansdowne Road, Baltimore Maryland at a current monthly rent of $1,595 for a period of 2 years. Minimum annual lease payments over the term of the lease are $9,570 for 2015, $19,140 for 2016 and $4,785 for 2017. Rent expense, was $20,593 and $20,562 for the periods ended June 30, 2015 and 2014, respectively.