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Operating Leases (Notes)
 12 Months Ended
Dec. 31, 2015
Leases [Abstract]  
Operating Leases
Operating Leases
The Company currently leases office space of approximately 42,400 square feet at two locations. The following table summarizes the total lease and operating expenses for the years ended December 31, 2015, 2014 and 2013:
 
For the year ended December 31,
2015
 
2014
 
2013
$
928,440

 
$
905,061

 
$
730,845


The approximate future minimum lease payments under the operating leases are as follows:
 
 
 
Future Minimum Lease Payments by Year
Total
 
2016
 
2017
 
2018
 
2019
 
2020
 
Thereafter
$
5,585,502

 
$
696,198

 
$
696,198

 
$
632,120

 
$
595,807

 
$
624,179

 
$
2,341,000



In addition to the above lease payments, the Company is also responsible for normal operating expenses of the properties. Such operating expenses were approximately $0.4 million, $0.3 million and $0.2 million in 2015, 2014 and 2013, respectively.