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Royalties
12 Months Ended
Dec. 31, 2014
Royalties [Abstract]  
Royalties
8. Royalties

 

The Company is subject to a royalty agreement based upon sales of certain skin care products. The agreement requires the Company to pay a royalty based upon 8% of such sales, up to $227,175. Royalty expense approximated $45,000 and $40,000 for the years ended December 31, 2014 and 2013, respectively. The remaining commitment at December 31, 2014, is approximately $20,000. The Company’s President has a 60% interest in the royalties. Included in accounts payable and accrued expenses at December 31, 2014 is approximately $133,000 related to this obligation.