XML 25 R13.htm IDEA: XBRL DOCUMENT v3.6.0.2
Note 6 - Commitments
 12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Commitments Disclosure [Text Block]
6
.          Commitments
 
Lease Agreements
 
We lease approximately
8,400
square feet of office and laboratory space pursuant to an operating lease which expires on
December
31,
2017.
Rent expense for the years ended
December
31,
2016,
2015
and
2014
was
$149,288,
$146,092,
and
$117,084,
respectively. Future minimum lease payments total
$151,993
in
2017.
 
Other Commitments
 
In the normal course of business, we
may
enter into various firm purchase commitments related to production and testing of our vaccine material, conduct of clinical trials, and other research-related activities. As of
December
31,
2016,
we had approximately
$305,371
of unrecorded outstanding purchase commitments to our vendors and subcontractors, all of which we expect will be due in
2017.
We expect this entire amount to be reimbursable to us pursuant to currently outstanding government grants.