Quarterly report pursuant to Section 13 or 15(d)

15. Commitments and Contingent Liabilities

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15. Commitments and Contingent Liabilities
 6 Months Ended
Sep. 30, 2017
Commitments And Contingent Liabilities  
Commitments and Contingent Liabilities

The table below shows approximate lease commitments and other contingent liabilities of the Company for the foreseeable period of one year ending September 30, 2018:

 

Contractual obligations      
       
Deferred distribution payable (1)   $ 8,534  
Office lease(2)     2,549  
         
Total   $ 11,083  

 

(1) This distribution is currently payable, subject to the entitled shareholder completing and submitting to the Company the necessary documentation to claim his, her or its distribution payments. The Company has no control over when, or if, an entitled shareholder will submit the necessary documentation to claim his, her, or its distribution payment.
(2) The Company has number of lease agreements for office spaces in different locations. In general, all agreements are made for a one year period with extension or termination provisions.

 

The Company’s rent expense for office space was $441 and $299 for the three months ended September 30, 2017 and 2016, respectively. The Company’s rent expense for office space was $818 and $ 596 for the six months ended September 30, 2017 and 2016, respectively.