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Note 9 - Commitments
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
9.
   Commitments:
 
The Company leases office facilities in Vancouver, British Columbia, Canada, The Valley, Anguilla, British West Indies and Netanya, Israel. These office facilities are leased under operating lease agreements.
 
One of the Canadian operating lease expired on
December 31, 2016,
but unless
30
day notice is given this lease automatically renews on a month to month basis until notice is given. The
second
operating lease in Vancouver, Canada is on a month to month basis until notice is given. Notice on these lease were given with
April 30, 2019,
the expiration date of the leases. 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.
 
The Netanya, Israel lease is a
12
-month lease. The Company has accounted for this lease as a short-term lease.
 
During the quarter ended
March 31, 2019,
the Company signed a
five
year lease for a facility in Vancouver, Canada, commencing
April 1, 2019
and ending
March 2024.
This facility comprises approximately
1,459
square feet.
 
The minimum lease payments under these operating leases are approximately as follows:
 
         
2019
  $
41,687
 
2020
   
41,627
 
2021
   
42,720
 
2022
   
43,813
 
2023
   
44,906
 
2024
   
11,295
 
         
 
The Company paid rent expense totaling
$8,188
for the quarter ended
March 31, 2019 (
March 31, 2018 -
$6,192
). 
 
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 Consulting 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
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
March 31, 2019,
the Company had a number of renewable license commitments with large brands, including, Garfield, Moomins, Mr Men and Little Miss, Mr. Bean, Peter Rabbit, Pororo and the Winx club. These agreements have commitments to pay royalties on the revenue from the licenses subject to the following minimum guarantee payments:
 
         
2019
  $
13,429
 
2020
   
3,000
 
         
 
The Company expensed the minimum guarantee payments over the life of the agreement and recognized license expense of
$9,416
(
March 31, 2018 -
$5,285
) for the period ended
March 31, 2019.