|12 Months Ended|
Dec. 31, 2015
NOTE 15 LEASES
Hawaii Research Center
The Company entered into a lease for laboratory and office space on May 9, 2006. This lease was amended on September 7, 2011, and October 30, 2012. This lease expired on October 31, 2014, after which the terms converted to month-to-month. The Company vacated the space in February 2015. Total rent expense under this agreement as amended was $12,718 and $56,856 for the years ended December 31, 2015 and 2014, respectively.
Manoa Innovation Center
The Company entered into an automatically renewable month-to-month lease for office space on August 13, 2010. Under the terms of this lease, the Company must provide a written notice 45 days prior to vacating the premises. Total rent expense under this agreement as amended was $31,479 and $28,169, for the years ended December 31, 2015 and 2014, respectively.
The entire disclosure for lessor entity's leasing arrangements for operating, capital and leveraged leases.
Reference 1: http://www.xbrl.org/2003/role/presentationRef