Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES

v3.3.1.900
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 12 - COMMITMENTS AND CONTINGENCIES

 

Operating Lease Commitments

 

Future commitments under non-cancellable operating leases with terms longer than one year for office and warehouse space as of December 31, 2015 are as follows:

  

Year    
2016     $ 255,600  
2017       261,500  
2018       251,200  
2019       144,800  
2020 and after       270,200  
Total     $ 1,183,200  

 

For the years ended December 31, 2015 and 2014, rent expense was $480,300 and $445,800, respectively.