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LEASES
3 Months Ended
Mar. 31, 2017
Leases [Abstract]  
LEASES

NOTE 6 - LEASES

 

Operating Lease - The Company leases office space in Pittsburgh, Pennsylvania for $4,737 on a month through April 2022. The Company is responsible for the financial obligation for the office space in Los Angeles, California. The lease arrangement is for $28,033 a month though February 2017, $28,871 a month through February 2018, $28,892 a month through February 2019, and $30,744 a month through June 2019.

 

The future minimum lease payments for non-cancelable operating leases having remaining terms in excess of one year as of March 31, 2017 are as follows:

 

       
Year ending March 31:     Lease Payments
2018     379,450
2019     283,415
2020     70,327
2021     56,844
Thereafter     61,581
Total Minimum Lease Payment   $ 851,617

 

Lease expense charged to operations was $74,399 and $51,321 for the three months ended March 31, 2017 and 2016, respectively.