COMMITMENTS AND CONTINGENCIES |
6 Months Ended | |||||||||||||||||||||||||
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Jun. 30, 2016 | ||||||||||||||||||||||||||
Notes to Financial Statements | ||||||||||||||||||||||||||
NOTE 17 - COMMITMENTS AND CONTINGENCIES |
Operating leases
On March 9, 2016, the Company entered into a lease amendment and expansion agreement, whereby the Company agreed to lease office space in Anaheim, California, commencing July 1, 2016 and expiring on June 30, 2019.
As of June 30, 2016, future minimum lease payments for office space are as follows:
Rent expense charged to operations, which differs from rent paid due to rent credits and to increasing amounts of base rent, is calculated by allocating total rental payments on a straight-line basis over the term of the lease. |
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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