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Commitments
 12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments

12. Commitments

 

Operating Leases

 

The Company leases office and production facilities and equipment under agreements that expire at various dates through 2018. Certain leases contain renewal provisions and escalating rental clauses and generally require the Company to pay utilities, insurance, taxes and other operating expenses. Lease expense under operating leases totaled $620,000 and $621,000 in 2015 and 2014, respectively.

 

Future estimated aggregate lease payments under operating leases are as follows:

  

Years Ending December 31,     Lease
Payment		  
2016     $ 750,000  
2017       658,000  
2018       586,000  
Total     $ 1,994,000  

 

Sublease

 

In February 2013, the Company began subleasing approximately 2,700 square feet of its office space to an unaffiliated third party. The term of the sublease expired in July 2014. The tenant did not renew the sublease at the end of its term. Total sublease income for the year ended December 31, 2014 was approximately $31,000.

 

Capital Leases

 

As of December 31, 2015 and 2014, property held under current capital leases was as follows:

  

    For the Years Ended  
    December 31,  
    2015     2014  
Office equipment   $ 299,000     $ 84,000  
Accumulated depreciation     (97,000 )     (41,000 )
Total   $ 202,000     $ 43,000  

 

Total depreciation expense under capital leases was $56,000 and $20,000 for the years ended December 31, 2015 and 2014, respectively.

 

As of December 31, 2015, future minimum payments under all capital leases are as follows:

 

Years Ending December 31,   Lease
Payment		  
2016   $ 85,000  
2017     67,000  
2018     60,000  
2019     24,000  
Total minimum payments     236,000  
Less amounts representing interest     (20,000 )
Present value of net minimum payments     216,000  
Less current portion     (78,000 )
Long-term capital lease obligations   $ 138,000