Annual report pursuant to Section 13 and 15(d)

Commitments (Tables)

v3.3.1.900
Commitments (Tables)
 12 Months Ended
Dec. 31, 2015
Commitments Tables  
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

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