Commitments and Contingencies

3 Months Ended

Mar. 31, 2015

Commitments and Contingencies [Text Block]

Note 7 – Commitments and Contingencies

Operating Leases

(i) Operating Lease – DLD Technology Office Space

On July 10, 2012, DLD Technology entered into a non-cancelable operating lease for office space that will expire on July 10, 2015. The annual lease payment is RMB1,900,000 (approximately $310,427).

On September 24, 2014, DLD Technology and DLD E-payment entered into a rent sharing agreement for the sharing of leased office space. Per the rent sharing agreement, DLD Technology and DLD E-payment will each pay RMB600,000 (approximately $98,030) and RMB1,300,000 (approximately $212,397), respectively, effective August 1, 2014.

Future minimum lease payments required under this non-cancelable office lease without consideration of rent sharing agreement were as follows:

The total amount of minimum rent to be received in the future from DLD E-payment under the rent sharing agreement was as follows:

(ii) Operating Lease – STSW Office Space

On August 7, 2013, STSW entered into a non-cancelable operating lease for office space expiring on January 6, 2016. The annual lease payment is RMB417,540 (approximately $68,159).

Future minimum lease payments required under this non-cancelable office lease were as follows:

Years Ending December 31:	RMB		$

2015 (remainder of the year)	313,155	$	51,164

2016	6,959		1,137

	320,114	$	52,301

- Definition

The entire disclosure for commitments and contingencies.

+ References+ Details

Year Ending December 31:

2015 (remainder of the year)

DLD Group, Inc. 10-Q