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Annual report pursuant to Section 13 and 15(d)

Note 7 - Lease Commitments

v2.4.0.8
Note 7 - Lease Commitments
12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]

(7)

Lease Commitments


The Trust is a lessee under an operating lease in connection with its administrative offices located in Dallas, Texas. This lease agreement requires monthly rent of approximately $5,867 and expires in October 2014. Future minimum lease payments were as follows at December 31, 2013:


Year ending December 31,

Amount

2014

$ 58,667

2015

-

2016

-

2017

-

Thereafter

-
$ 58,667

Rent expense amounted to $70,400 for each of the years ended December 31, 2013, 2012, and 2011, respectively.