Annual report pursuant to Section 13 and 15(d)

11. Commitments and Contingencies (Tables)

v3.3.1.900
11. Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2015
Future minimum lease payments under non-cancelable leases

Future minimum maintenance fee payments are as follows:

 

For the year ended December 31      
2016   $ 300,000  
2017     300,000  
2018     300,000  
2019     300,000  
2020     300,000  
Thereafter     1,450,000  
    $ 2,950,000  
Property Leases [Member]  
Future minimum lease payments under non-cancelable leases
For the year ended December 31      
2016     88,468  
2017     77,792  
2018     65,000  
2019     45,000  
2020     22,500  
Thereafter     -  
    $ 298,760