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LEASES
 9 Months Ended
Sep. 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 nine and three month periods ended September 30, 2015 was $6,570 and $2,190 and $8,696 and $2,895 for the nine and three month periods ended September 30, 2014, respectively. The lease was terminated effective November 30, 2015 and new lease has been entered into or is contemplated.

 

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 nine and three month periods ended September 30, 2015 was $770 and $110, respectively and $660 and $330 for the nine and three month periods ended September 30, 2014, respectively.

 

The offices of SkyPharm are located in Greece for which we paid approximately €4,325 ($4,823) per month under a six year lease commencing September 2014. Rent expense and guarantees for the nine and three month periods ended September 30, 2015 was €38,925 ($43,405) and €12,975 ($14,468), respectively and $0 and $0 for the nine and three month periods ended September 30, 2014, respectively.