19. COMMITMENTS

Lease Commitment

On March 4, 2014, Xi’an TCH’s office lease expired and Xi’an TCH renewed this lease for an additional two years; the monthly rental payment is $20,140. In addition, on September 16, 2013, Xi’an TCH leased an office in Beijing for a term of two-years and three-months, expiring on December 31, 2015, with a monthly rental payment of $12,110. For the nine months ended September 30, 2015 and 2014, the rental expense of Xi’an TCH was $300,923 and $303,667, respectively; for the three months ended September 30, 2015 and 2014, the rental expense was $100,906 and $80,242, respectively.

Future minimum annual rental payments required under operating leases as of September 30, 2015 were as below (by year):

2015		$	156,055
Total		$	156,055

Construction Commitment

Refer to Note 1 for additional details related to lease commitments with Chengli, Tianyu (and its subsidiaries Xuzhou Tian’an and Xuzhou Huayu), Rongfeng, and Zhongtai, and Note 7 for commitments on construction in progress.