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9. Commitments and Contingencies
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
9. Commitments and Contingencies

Note 9 – Commitments and Contingencies

 

Current management discovered that the Company’s former management recorded various obligations to itself and to third parties for expenditures not deemed benefitting the Company or authorized by the Company’s sole director, as required. The amount of these unauthorized expenditures totaled $91,172, including $60,000 in management fees. These expenditures were reversed and are not part of the accompanying financial statements.  While current management believes that none of the $91,172 is an obligation of ours, it is not known what representations were made to these vendors or whether we could, in fact, be eventually responsible to pay some or all of the indicated amount.

 

Future minimum rental payments required under all leases that have remaining non-cancelable lease terms in excess of one year as of December 31, 2015, are as follows:

 

  2016     $ 168,811  
  2017       142,752  
  2018       28,890  
        $ 340,453