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13. COMMITMENTS
 9 Months Ended
Sep. 30, 2016
Notes to Financial Statements  
13. COMMITMENTS

The Company is committed to minimum rental payments for property and premises aggregating approximately $296,561 over the term of two leases, the last expiring on December 31, 2020.

 

Commitments in the next five years are as follows:

 

2016   $ 19,300  
2017   $ 74,221  
2018   $ 66,480  
2019   $ 67,680  
2020   $ 68,880