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Annual report pursuant to Section 13 and 15(d)

Note 7 - Lease Commitments

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Note 7 - Lease Commitments
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements
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 payments and expires in March 2025. Future minimum lease payments were as follows at December 31, 2015:
Year ending December 31,
Amount
2016
$ 72,608
2017
75,224
2018
77,841
2019
80,457
2020
83,074
Thereafter
382,009
$ 771,213
Rent expense amounted to $79,415, $70,400 and $70,400 for the years ended December 31, 2015, 2014 and 2013, respectively.