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Operating Leases
 9 Months Ended
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.