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Operating Leases (Notes)
 12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
Operating Leases
Operating Leases
The Company currently leases office space of approximately 37,829 square feet at one location. The following table summarizes the total lease and operating expenses for the years ended December 31, 2016, 2015 and 2014:
For the year ended December 31,
2016
 
2015
 
2014
$
882,231

 
$
928,440

 
$
905,061


The approximate future minimum lease payments under the operating leases are as follows:
 
 
Future Minimum Lease Payments by Year
Total
 
2017
 
2018
 
2019
 
2020
 
2021
 
Thereafter
$
4,732,865

 
$
586,350

 
$
586,350

 
$
595,807

 
$
624,179

 
$
624,179

 
$
1,716,000


In addition to the above lease payments, the Company is also responsible for normal operating expenses of the properties. Such annual operating expenses were approximately $0.4 million in each of 2016, 2015 and 2014.