NOTE 6 ? COMMITMENTS AND CONTINGENCIES Board of Director Arrangements On November 12, 2015, the Company renewed all of its existing Directors? appointment, and accrued $5,000 to both of the two outside members. Pursuant to the Board of Director agreements, the Company?s ?in-house? board members (CEO and Vice-President) waived their annual cash compensation of $5,000. As of August 10, 2016, the Company had not yet issued the 6,000 shares issuable for compensation in 2013, 2014 or 2015 to each of its Board Members. Fulton Project Lease On July 20, 2010, the Company entered into a thirty year lease agreement with Itawamba County, Mississippi for the purpose of the development, construction, and operation of the Fulton Project. At the end of the primary 30 year lease term, the Company shall have the right for two additional thirty year terms. The current lease rate is computed based on a per acre rate per month that is approximately $10,300 per month. The lease stipulates the lease rate is to be reduced at the time of the construction start by a Property Cost Reduction Formula which can substantially reduce the monthly lease costs. The lease rate shall be adjusted every five years to the Consumer Price Index. Rent expense under non-cancellable leases was approximately $30,876, $61,752, $30,876 and $61,752 during the three and six months ended June 30, 2016 and 2015, respectively. As of June 30, 2016 and 2015, $236,716 and $113,212, respectively, of the monthly lease payments were included in accounts payable on the accompanying consolidated balance sheets, respectively. In 2014, the County of Itawamba forgave approximately $96,000 in lease payments. The Company is currently in default of the lease due to non payment and could be subject to lease cancellation if it cannot make payments or other arrangements with the County of Itawamba. As of June 30, 2016, the Company has accrued $21,670 of default interest due to the nonpayment of the lease. As of the date of this filing there have been no formal letters of default o