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KAST CONSTRUCTION COMPANY LLC AND SUBSIDIARY <br />NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS <br />As of and for the years ended December 31, 2013 and 2012 <br />NOTE 15 — COMMITMENTS <br />The company conducts its operations from leased facilities under a lease agreement that <br />commenced on October 1, 2013 and expires on March 31, 2019. The lease calls for <br />monthly rental payments that is based upon the amount of space used by the company for <br />its operations and common use areas. Total rent expense during the year ended <br />December 31, 2013, under this lease was $22,800. Total future minimum rental payments, <br />including applicable fees and sales taxes, under the present terms of the lease agreement <br />through March 31, 2019, are as follows: <br />December 31, Amount <br />2014 $ 166,085 <br />2015 193,786 <br />2016 196,855 <br />2017 200,006 <br />2018 203,260 <br />2019 51,448 <br />$ 1,011,440 <br />14 <br />