国产福利资源在线播放 Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 7 - Lease Commitments

Note 7 - Lease Commitments

12 Months Ended

Dec. 31, 2016

听

Commitments and Contingencies Disclosure [Text Block]

(7)	Lease Commitments

听

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,

2016:

听

Year ending December 31,	听	Amount		听
2017	听	$	75,224	听
2018	听	听	77,841	听
2019	听	听	80,457	听
2020	听	听	83,074	听
2021	听	听	85,690	听
Thereafter	听	听	296,319	听
听	听	$	698,605	听

听

Rent expense for this lease agreement amounted to

$82,420,

$79,415

and

$70,400

for the years ended

December

31,

2016,

2015

and

2014,

respectively.