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COMMITMENTS AND CONTINGENCIES
 3 Months Ended
Mar. 31, 2016
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

7. Commitments and Contingencies

 

On April 28, 2014, Tiger Trade entered into a consulting agreement with G2, doing business as IPA, to render advice and reasonable assistance for a period of one year at a monthly fee of $8,500 plus any reasonable and actual costs incurred by IPA in connection with such services. G2 is wholly owned by Gust C. Kepler, a Director, President, Chief Executive Officer, Chief Financial Officer and Secretary of the Company, and the Company's  controlling stockholder.  On April 28, 2015 this agreement was extended for an additional one year term expiring on April 28, 2016. However, the consulting agreement was terminated by mutual agreement effective August 31, 2015.  During the three months ended March 31, 2016 and 2015, consulting fees incurred under this agreement totaled $0 and $25,500, respectively.

 

The Company entered into a sublease agreement with G2 effective July 1, 2015 subject to the terms and conditions of the office lease between G2 and Teachers Insurance and Annuity Association of America for approximately 1,502 square feet of office space at 5430 LBJ Freeway, Dallas, Texas.  The sublease agreement expires March 31, 2020.  During the three months ended March 31, 2016 we incurred $10,676 in office rental expense.

 

The Company is not currently a defendant in any material litigation or any threatened litigation that could have a material effect on the Company's financial statements.