Quarterly report pursuant to Section 13 or 15(d)


3 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  

Note 9. Commitments


Operating leases


The Company leases office space in Huntersville, NC pursuant to a three year lease agreement. The operating lease provide for annual real estate tax and cost of living increases and contain predetermined increases in the rentals payable during the term of the lease. The aggregate rent expense is recognized on a straight-line basis over the lease term. The total lease rental expense was $14,202 and $13,788 for the three months ended September 30, 2016 and 2015, respectively.


Total future minimum payments required under the new operating lease are as follows.


Year Ending June 30,      
2017   $ 47,555  
2018     28,220  
    $ 75,775