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COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2017
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

NOTE 5.  COMMITMENTS AND CONTINGENCIES

 

We have various operating leases for production and office equipment, office space, and buildings under non-cancelable lease agreements expiring on various dates through 2022.

 

Rent expense for the three months ended September 30, 2017 and 2016 amounted to approximately $299,000 and $284,000 respectively. Rent expense for the nine months ended September 30, 2017 and 2016 amounted to approximately $948,000 and $877,000 respectively.

 

Approximate future minimum lease payments under non-cancelable leases subsequent to September 30, 2017 are as follows:

 

Years Ending

 

 

 

December 31,

 

Amount

 

Remainder of 2017

 

$

221,000

 

2018

 

884,000

 

2019

 

625,000

 

2020

 

379,000

 

2021

 

175,000

 

Thereafter

 

143,000

 

 

 

 

 

Total

 

$

2,427,000