Quarterly report pursuant to Section 13 or 15(d)

NOTE 11 - COMMITMENTS AND CONTINGENCIES

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NOTE 11 - COMMITMENTS AND CONTINGENCIES
9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

NOTE 11 – COMMITMENTS AND CONTINGENCIES


Operating leases


On May 22, 2018, the Company entered into a fifth lease amendment agreement, whereby the Company agreed to extend the lease for the original office space and expand with additional space in Los Angeles, California, commencing June 14, 2018 and expiring on June 30, 2021.  In connection with the lease, the Company is obligated to lease parking spaces at an aggregate approximate cost of $1,017 per month.  In addition, the Company entered into a lease for storage space with the Los Angeles, California building commencing on December 1, 2017 and expiring on August 31, 2019.


Future minimum lease payments under these three agreements are as follows:


Year Ending December 31,

       

Three months ended December 31, 2018

  $ 45,047  

2019

    198,239  

2020

    201,993  

2021

    102,623  
    $ 547,902