Annual report pursuant to Section 13 and 15(d)

M. COMMITMENTS AND CONTINGENCIES (Tables)

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M. COMMITMENTS AND CONTINGENCIES (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of office lease obligations

Commitments for minimum rentals under non-cancelable leases as of December 31, 2017 are as follows:

  

Years ending December 31,

  

  2018     $ 205,324  
  2019       159,253  
  2020       164,903  
  2021       182,512  
  2022       190,141  
  2023 and thereafter       573,883  
  Total     $ 1,476,016  
Schedule of sales tax accrual

The following table sets forth the change in the sales tax accrual during the years ended December 31:

  

    2017     2016  
Balance, beginning of year   $ 274,869     $ 229,768  
Sales tax collected     297,673       452,016  
Provisions (reversals)     (33,000 )     151,000  
Interest and penalties     (5,890 )     (3,017 )
Payments     (450,370 )     (554,898 )
Balance, end of year   $ 83,282     $ 274,869