Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v3.7.0.1
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Rent Commitments

Pursuant to the terms of the Company’s non-cancelable lease agreements in effect at December 31, 2016, the future minimum rent commitments are as follows:

 

2017   $ 244,295  
2018     249,502  
2019     254,709  
2020     259,916  
2021     21,696  
Thereafter      
Total   $ 1,030,118  

Schedule of Future Minimum Capital Lease Commitments

Pursuant to the terms of this capital lease agreement, the future minimum capital lease commitments are as follows as of December 31, 2016:

 

2017   $ 4,543  
2018     4,543  
2019     379  
Total future minimum lease payments     9,465  
Less: interest     (1,002 )
Future capital lease obligations     8,463  
Less: current portion     (3,831 )
Long-term portion   $ 4,632