Commitments and Contingencies
|9 Months Ended|
Sep. 30, 2016
|Capital Lease Obligations [Abstract]|
|Commitments and Contingencies||
Note 8 Commitments and Contingencies
Operating Lease Obligation
Since August 22, 2014 (the amending date) the Company has expanded its leased facilities in San Diego, California for a period of 66 months.
Pursuant to this lease, aggregate minimum lease payments over the next five years are as follows;
Effective January 1, 2015, the Companys subsidiary 5BARz India Private Limited entered into an facility lease agreement for five (5) years at a monthly lease rate of 60,000 Indian rupees ($900 USD) per month.
At September 30, 2016, the aggregate minimum lease payments over the next five years are as follows;
The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.
Reference 1: http://www.xbrl.org/2003/role/presentationRef