Annual report pursuant to Section 13 and 15(d)

Lease Obligations

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Lease Obligations
12 Months Ended
Dec. 31, 2017
Leases [Abstract]  
LEASE OBLIGATIONS
6. LEASE OBLIGATIONS

 

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.