Annual report pursuant to Section 13 and 15(d)

COMMITMENTS AND CONTINGENCIES

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COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2016
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, 2016 are as follows:

 

Year      
2017   $ 238,300  
2018     226,600  
2019     123,800  
2020     30,100  
2021 and after     —  
     Total   $ 618,800  

 

For the years ended December 31, 2016 and 2015, rent expense was $512,800 and $480,300, respectively.