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Operating Leases | 9 Months Ended
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Sep. 30, 2017
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 three and nine months ended September 30, 2017 and 2016:
| September 30, 2017 |  | September 30, 2016
Three Months Ended | $ | 235,272 |  |  | $ | 218,640 |
Nine Months Ended | $ | 700,926 |  |  | $ | 679,195 |
The approximate future minimum lease payments under the operating lease are as follows:
Future Minimum Lease Payments
Three Months Remaining In |  |  |  |  |  |  |  |  |  |  |  |
2017 |  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Thereafter |  | Total
$ | 146,587 |  |  | $ | 586,350 |  |  | $ | 595,807 |  |  | $ | 624,179 |  |  | $ | 624,179 |  |  | $ | 1,716,000 |  |  | $ | 4,293,102 |
In addition to the above lease payments, the Company is also responsible for normal operating expenses of the property. Such operating expenses were approximately $0.4 million in 2016, and are expected to be approximately the same in 2017.

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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -URI http://asc.fasb.org/topic&trid=2208923 + Details
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