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 $42,248 and $135,635 for the three and nine months ended September 30, 2016, respectively and $21,997 and $34,897 for the three and nine months ended September 30, 2015.

Minimum future lease payments under non-cancelable operating leases as of September 30, 2016 are:




2016	$	45,393
2017	182,456
2018	183,858
2019	184,852
2020	140,749
Total	$	737,308

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%.