Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

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Commitments and Contingencies
9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]    
Commitments and Contingencies

Note 8 – Commitments and Contingencies

 

  Operating Lease Obligation    The Company has leased properties in San Diego, California, and Miami, Florida in the United States. Outside of the United States the Company has leased sites in Bangalore, India.  Future minimum lease payments under all noncancelable operating leases with an initial term over the next five years are as follows:

 

 

September 30,       June 30,       March 31,    
2017   $ 101,048     2017   $ 187,488     2017   $ 282,585  
2018     103,959     2018     92,722     2018     91,425  
2019     71,725     2019     71,197     2019     69,835  
2020     36,737     2020     36,467     2020     35,769  
2021     —       2021     —       2021     —    
Total   $ 313,469     Total:   $ 387,874     Total:   $ 479,614  

 

Upon the event of default, the office in San Diego, California was surrendered to the landlord and there are no operating leases with an initial term over the next five years as September 30, 2017.

Note 9 – Commitments and Contingencies

 

Operating Lease Obligation

 

  The Company has leased properties in California, and Miami, Florida in the United States. Outside of the United States the Company has leased sites in Bangalore, India. Future minimum lease payments under all noncancelable operating leases with an initial term in excess of one year as of December 31, 2017 are as follows:

 

 

Fiscal Year    
2018   $ 104,092  
2019     71,866  
2020     36,809  
2021     —    
2022     —    
Total   $ 212,767