Annual report pursuant to Section 13 and 15(d)

Note 7 - Lease Commitments

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Note 7 - Lease Commitments
12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

(7)

Lease Commitments


The Trust is a lessee under an operating lease in connection with its administrative offices located in Dallas, Texas. This lease agreement requires monthly rent of approximately $5,867 and expires in October 2014. Future minimum lease payments were as follows at December 31, 2013:


Year ending December 31,

 

Amount

 

2014

  $ 58,667  

2015

    -  

2016

    -  

2017

    -  

Thereafter

    -  
    $ 58,667  

Rent expense amounted to $70,400 for each of the years ended December 31, 2013, 2012, and 2011, respectively.