Quarterly report pursuant to Section 13 or 15(d)

Office Lease

v3.7.0.1
Office Lease
9 Months Ended
Sep. 30, 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 September 30, 2016, the minimum future lease payments to be paid under the non-cancellable leases are payable as follows:
 
2016
 
$
11,500
 
2017
 
 
44,000
 
2018
 
 
13,000
 
 
Rent expense for operating leases was $5,700 and $17,000 for the three and nine months ended September 30, 2016, respectively.