General form of registration statement for all companies including face-amount certificate companies

Commitments (Tables)

v3.5.0.2
Commitments (Tables)
 12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Schedule of future minimum lease payments for operating leases

Future minimum lease payments for operating leases having an initial or remaining non-cancellable lease term in excess of one year are as follows:

 

Years ending December 31,          
2016     $ 88,812  
2017       92,624  
2018       71,967  
Total minimum payments     $ 253,403  
Schedule of future minimum payments under certain license arrangements

Certain license arrangements require minimum royalty payments. As of December 31, 2015, future minimum payments under these arrangements are as follows:

 

Years ending December 31,          
2016     $ 50,000  
2017       60,000  
2018       50,000  
2019       50,000  
2020       50,000  
Thereafter       320,000  
Total minimum payments     $ 580,000