Commitments
 3 Months Ended
Mar. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments

NOTE 17 – COMMITMENTS

 

Leases:

 

In connection with the Purchase Agreement of the Acquisition Companies (see Note 1) the Company assumed a lease for office space with a four year term beginning on April 1, 2015 and ending on March 31, 2019. The Company has the option to renew the lease for an additional six years after the expiration date. The monthly rent expense is $11,371.

 

    Payments Due by Period  
    Total     Less than 1 year     1-3 Years     4-5 Years     5 Years +  
Contractual Obligations :                                        
Operating Leases   $ 136,452       125,081       11,371       -       -  
Total Contractual Obligations:   $ 136,452       125,081       11,371       -       -  

 

Rent expense for the three months ended March 31, 2018 and 2017 was $34,114 and $645, respectively.