|12 Months Ended|
Dec. 31, 2017
The Company has a one-year lease on 119 Northeast Drive, Loveland, Ohio 45140. The monthly payment is $4,500 and the lease expires July 10, 2018.
On October 1, 2011, the Company began leasing operating facilities under an agreement expiring on September 30, 2018. The Building subject to the lease was purchased in October 2016.
Rent expense was $25,694 and $151,412 for the years ended December 31, 2017 and 2016, respectively.
The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.
Reference 1: http://www.xbrl.org/2003/role/presentationRef