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Deferred Lease Credits
3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Deferred Lease Credits

 

NOTE 6 DEFERRED LEASE CREDITS

 

Cash or rent abatements received upon entering certain office leases are recognized on a straight-line basis as a reduction to rent expense over the lease term. The unamortized portion is included in Deferred Lease Credits, which are included in other current liabilities. As of March 31, 2018, and December 31, 2017 the deferred credits were $39,262 and $42,332 respectively. Deferred Rent amortization was $3,069 and ($20,548) for the three-months ended March 31, 2018 and 2017, respectively.