XML 38 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
LEASES
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Note 4 - LEASES

The Company conducts its operations from an office located in Chicago, Illinois for which we paid rent of approximately $307 per month through November 2013. In December 2013 we moved our office to another location in Chicago Illinois. Beginning in February 2014, we paid rent of approximately $710 per month for our office through December 31, 2014. Effective January 1, 2015, the monthly rent expense is $730. Rent expense for the six and three month periods ended June 30, 2015 was $5,150 and $2,244 and $5,801 and $2,895 for the six and three month periods ended June 30, 2014, respectively.

 

The offices of Amplerissimo are located in Cyprus for which we paid approximately $110 per month under a one year lease which expired in July 2013 and was renewed through July 2015. Rent expense for the six and three month periods ended June 30, 2015 was $660 and $330, respectively and $660 and $330 for the six and three month periods ended June 30, 2014, respectively.

 

The offices of SkyPharm are located in Greece for which we paid approximately "4,325 ($5,405) per month under a six year lease commencing September 2014. Rent expense for the six and three month periods ended June 30, 2015 was "25,950 ($28,696) and "12,975 ($14,640), respectively and $0 and $0 for the six and three month periods ended June 30, 2014, respectively.