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6. LEASE COMMITMENTS
 3 Months Ended
Jun. 30, 2016
Lease Commitments  
LEASE COMMITMENTS

FFIN entered into a lease agreement on January 1, 2015, for office space that expires in 30 months. At June 30, 2016, the future minimum lease payments under the lease are as follows:

 

 

Lease commitments     
      
Fiscal year ended March 31, 2017  $21,560 
Fiscal year ended March 31, 2018   7,187 
Total  $28,747 

 

FFIN’s rent expense for its office space was $8,087 and $6,975, for the three months ended June 30, 2016 and 2015, respectively.

 

BMBM leases office space on a month-to-month basis for $250 per month.