Commitments and Contingencies

6 Months Ended

Jun. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

10. Commitments and Contingencies

Employment Agreements

The Company has entered into employment agreements with four of its key executives. Under their respective agreements, the executives serve at will and are bound by typical confidentiality, non-solicitation and non-competition provisions.

Operating Leases

On January 1, 2010, the Company entered into an agreement to lease 6,000 rentable square feet of office space in Columbus, Ohio at a monthly rent of $ 3,375. The lease commenced on January 1, 2010 and, pursuant to a lease extensions through August 14, 2014, the lease expires on December 31, 2016.

Future minimum lease payments under this operating lease are as follows:

For the Twelve Months Ending
June 30,	Amount
2016	$	40,500
2017		20,250
Total	$	60,750

Rent expense charged to operations for the three months and six months ended June 30, 2015 and 2014 amounted to $ 10,125 and $ 20,250, respectively.