Other Long-Term Liabilities

Other long-term liabilities consist of the following at December 31, 2016 and 2015:



	2016		2015
Deferred rent	$	163,165	$	198,323
Contingent stock due for acquired domains, less current portion	147,029		477,249
Accrued taxes, less current portion	13,763		—
Deferred Arkansas grant, less current portion	2,471		15,940
Capital leases, less current portion	—		31,210
Total	$	326,428	$	722,722

On May 8, 2015, we purchased two domain websites with a fair value of $715,874 (see Note 5). The purchase consideration is our common stock and is contingent upon the seller attaining specific performance targets over three years. On May 8, 2016, the seller achieved the specific performance target for the first year and as a result, we issued 166,667 shares of common stock. The accrued contingent liability and the related intangible asset, domain websites, were adjusted by approximately $46 thousand to reflect the lower price paid as compared to the contingent liability recorded as a result of the change in the price of Inuvo stock from the date of acquisition to the first contingent release of shares.