Operating Leases

3 Months Ended

Mar. 31, 2018

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 months ended March 31, 2018 and 2017:



	March 31, 2018		March 31, 2017
Three Months Ended	$	256,290	$	231,463

The approximate future minimum lease payments under the operating lease are as follows:



Future Minimum Lease Payments
Nine Months Remaining In
2018		2019		2020		2021		2022		Thereafter		Total
$	439,762	$	595,807	$	624,179	$	624,179	$	624,179	$	1,092,000	$	4,000,106

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 2017, and are expected to be approximately the same in 2018.