Note 5 - Commitments and Contingencies |
3 Months Ended | ||||||||||||||||||||
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Mar. 31, 2020 | |||||||||||||||||||||
| Commitments and Contingencies Disclosure [Abstract] | |||||||||||||||||||||
| Commitments and Contingencies |
Leases
On October 1, 2018, the Company entered into a three-year lease agreement for its office in Westlake Village, CA. In addition to minimum rent, certain leases require payment of real estate taxes, insurance, common area maintenance charges and other executory costs. The Company recognizes rent expense under such arrangements on a straight-line basis over the effective term of each lease.
The following table summarizes the Company’s future minimum lease commitments as of March 31, 2020:
Rent expense for the quarters ended March 31, 2020 and 2019 was $17,200 and $17,000, respectively.
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