Quarterly report pursuant to Section 13 or 15(d)

6. LEASE COMMITMENTS

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6. LEASE COMMITMENTS
9 Months Ended
Dec. 31, 2015
Lease Commitments  
LEASE COMMITMENTS

FFIN entered into a lease agreement on January 1, 2015, for office space that expires in 30 months. At December 31, 2015, the future minimum lease payments under the lease are as follows:

 

Lease commitments  
   
Fiscal year ended March 31, 2016 $     6,975
Fiscal year ended March 31, 2017 27,902
Fiscal year ended March 31, 2018 6,975
Total $     41,852

 

BMBM leases office space on a month-to-month basis for $1,000 per month.

 

The Company’s rent expense for its office space was $7,975 and $21,925 for the three and nine months ended December 31, 2015, respectively.