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7. LEASE COMMITMENTS
 12 Months Ended
Mar. 31, 2017
Lease Commitments  
LEASE COMMITMENTS

FFIN entered into a lease agreement on January 1, 2015, for office space that expires in 30 months. At March 31, 2017, the future minimum lease payments under the lease are as follows:

 

Lease commitments   
    
Fiscal year ended March 31, 2018  $7,187 
Total  $7,187 

 

FFIN’s rent expense for its office space was $28,882 and $27,900, for the fiscal years ended March 31, 2017 and 2016, respectively.

 

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