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Commitments and Contingencies | 12 Months Ended
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Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies |
10. | Commitments and Contingencies
Employment Agreements The Company has entered into employment agreements with three 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. Deferred compensation for the founders of the Company, as disclosed in note 9 above, is still outstanding as of December 31, 2016. 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. The lease commenced on January 1, 2010 and, pursuant to a lease extension dated August 9, 2016, the lease expires on December 31, 2021. Future minimum lease payments under this operating lease are as follows:
For the Twelve Months Ending December 31, |  | Amount |
2017 |  | $ | 50,400 |
2018 |  |  | 51,696 |
2019 |  |  | 52,992 |
2020 |  |  | 54,288 |
2021 |  |  | 55,656 |
|  | $ | 265,032 |
Rent expense charged to operations for the twelve months ended December 31, 2016 and 2015 amounted to $40,500.

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