Quarterly report pursuant to Section 13 or 15(d)

Note 18 - Lease Commitments

Note 18 - Lease Commitments

3 Months Ended

Mar. 31, 2018

Note 18 - Lease commitments

Operating Leases

Mentor currently rents approximately 2,000 square feet of office space under a one year lease in Ramona, California in San Diego County, expiring in July 2018. Rent expense for the three months ended March 31, 2018 and 2017 was $7,770 and $7,350, respectively.

WCI manages its Arizona and Texas business from its Tempe, Arizona location where it leases approximately 3,000 square feet of office and warehouse space under an operating lease expiring in January 2020. Rent expense for the three months ended March 31, 2018 and 2017 was $6,660 and $4,422, respectively.

WCI leases vehicles under a master fleet management agreement with initial terms of 4 years expiring through July 2020. Vehicle lease expense of $50,307 and $43,381 is included in cost of sales in the condensed consolidated income statement for the three months ended March 31, 2018 and 2017, respectively.

WCI has two small operating leases on office equipment entered into in 2015 with terms of 5 years expiring in 2020.

The approximate remaining annual minimum lease payments under the non-cancelable operating leases existing as of March 31, 2018 with original or remaining terms over one year were as follows:

12 months ending		Rental
March 31,		expense
2019	$	208,132
2020		151,005
2021		114,616
2022		47,645
	$	521,398