Annual report pursuant to Section 13 and 15(d)

Office Lease

v3.7.0.1
Office Lease
12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Office Lease
Note 9 – Office Lease
 
The Company entered into a lease agreement in June 2015 for office space in North Dakota that will expire in November 2017. The Company has an amended office lease in Tulsa, Oklahoma that will expire on July 31, 2018. At December 31, 2016, the minimum future lease payments to be paid under the non-cancellable leases are payable as follows:
 
2017
 
$
44,000
 
2018
 
 
13,000
 
 
Rent expense for operating leases was $28,000 for the year ended December 31, 2016 and $13,000 from inception (June 2, 2015) to December 31, 2015.