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Note 9 - Commitments
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
9.
Commitments:
 
The Company leases office facilities in Vancouver, British Columbia, Canada, and The Valley, Anguilla, British West Indies. These office facilities are leased under operating lease agreements. The Canadian opera
ting lease expired on
December 31, 2016,
but unless
30
day notice is given this lease automatically renews for a future
3
months until notice is given. The Anguillan operating lease expired on
April 1, 2011
but unless
3
month's notice is given it automatically renews for a future
3
months until notice is given.
 
Minimum lease payments under these operating leases are approximately as follows:
 
         
2018
  $
1,478
 
2019
   
-
 
         
 
The Company paid rent expense totaling
$19,018
for the year ended
December 31,
2017
(
2016
-
$26,152
).
 
The Company has a management consulting agreement with T.M. Williams (Row), Inc., an Anguilla incorporated company, and Mr. T. M. Williams. During the year ended
December 31, 2014,
the Company amended a previous agreement with Mr. T
. M. Williams to provide for a consultancy payment of
2.5%
of the monthly social bingo business with a minimum of
$11,000
and a maximum of
$25,000
per month.
 
During the year ended
December 31, 2014,
the Company entered into an agreement with Jayska Consult
ing Ltd. and Mr. J. M. Williams, Chief Executive Officer of the Company for the provision of services of Mr. J. M. Williams as Chief Executive Officer of the Company. The Consulting agreement provides for a consultancy payment of
GBP5,000
Sterling per month. In addition, during the year ended
December 31, 2014,
the Company entered into an agreement with LVA Media Inc. and Mr. J. M. Williams, for the provision of services of Mr. J. M. Williams as Chief Executive Officer of the Company. The Consulting agreement provides for a consultancy payment of
2.5%
of the monthly social bingo business with a minimum of
$7,500
and a maximum of
$25,000
per month.
 
As at
December 31, 2017,
the Company had a number of renewable license commitments with large brands, including,
Garfield, Moomins, Mr Men and Little Miss, Mr. Bean, Peter Rabbit and the Winx club. These agreements have commitments to pay royalties on the revenue from the licenses subject to the following minimum guarantee payments:
 
         
2018
  $
31,418
 
2019
   
30,585
 
2020
   
3,000
 
         
 
The Company expensed the minimum guarantee payments over the life of the agreement and recognized license expense of
$12,888
(
2016
-
$499
) for the year ended
December 31, 2017.