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Note 9. Commitments and Contingencies
 12 Months Ended
Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Office Lease

 

In August 2010, we signed a six year and two month lease for 16,059 square feet for our corporate headquarters in Morrisville, NC.  At our option, we may terminate the lease any time after October 31, 2014 in exchange for an early termination fee of $135,000.  During 2014, we provided notice to the landlord of our office lease in Chesterfield, VA, exercising an early termination clause, and therefore our lease will terminate on October 31, 2015.  As a result, included in Accrued expenses on the Consolidated Balance Sheet, we have accrued the remaining lease payments in 2015 of $97,934 as well as the early termination fee of $43,000 as of December 31, 2014.  If we do not terminate the lease in Morrisville, NC early, our required minimum lease payments are as follows:

 

Year Ended December 31:      
2015   $ 144,411  
2016   $ 123,336  
Total   $ 267,747  

 

Including the accrual of the early termination fee and all 2015 lease payments for the Richmond office lease, rental expenses associated with our office leases totaled $417,903 and $179,229 for the years ended December 31, 2014 and 2013, respectively.

 

Litigation

 

From time to time, the Company may be involved in litigation that arises through the normal course of business.   The Company is neither a party to any litigation nor are we aware of any such threatened or pending litigation that might result in a material adverse effect to our business.