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Operating Leases
 9 Months Ended
Sep. 30, 2016
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 three and nine months ended September 30, 2016 and 2015:
 
 
September 30,
2016
 
September 30,
2015
Three Months Ended
$
218,640

 
$
234,475

Nine Months Ended
$
679,195

 
$
697,272

The approximate future minimum lease payments under the operating leases are as follows:
 
Future Minimum Lease Payments
Three Months 
 Remaining In
 
 
 
 
 
 
 
 
 
 
 
 
2016
 
2017
 
2018
 
2019
 
2020
 
Thereafter
 
Total
$
174,049

 
$
696,198

 
$
632,120

 
$
595,807

 
$
624,179

 
$
2,341,000

 
$
5,063,353


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 in 2015, on a combined basis, and are expected to be the same in 2016.