Leases

We lease certain office space and equipment. As leases expire, it can be expected that they will be renewed or replaced in the normal course of business. Rent expense from continuing operations was $49,030 for three months ended March 31, 2016 and a credit of $1,966 for the three months ended March 31, 2015. The credit is primarily due to subleasing the company's former New York City office at a higher rate than its lease cost.

Minimum future lease payments under non-cancelable operating leases as of March 31, 2016 are:



	Lease Payments
2016	$	141,071
2017	182,456
2018	183,858
2019	184,852
2020	140,749
Total	$	832,986

In April 2015, we entered into a five year agreement to lease office space in Little Rock, Arkansas commencing October 1, 2015, to serve as our headquarters. The new lease is for 12,245 square feet and will cost approximately $171,000 during its first year. Thereafter, the lease payment will increase by 2%.