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Commitments
 12 Months Ended
Dec. 31, 2016
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 $582,000 and $620,000 in 2016 and 2015, respectively.

 

As of December 31, 2016, future minimum lease payments under operating leases are as follows:

 

Years Ending December 31,   Lease
Payment		  
2017   $ 659,000  
2018     586,000  
Total   $ 1,245,000  

 

Capital Leases

 

As of December 31, 2016 and 2015, property held under current capital leases was as follows:

 

    For the Years Ended  
    December 31,  
    2016     2015  
Office equipment   $ 328,000     $ 299,000  
Other     250,000       -  
Accumulated depreciation     (185,000 )     (97,000 )
Total   $ 393,000     $ 202,000  

 

Total depreciation expense under capital leases was $88,000 and $56,000 for the years ended December 31, 2016 and 2015, respectively.

 

As of December 31, 2016, future minimum principal payments under capital leases are as follows:

 

Years Ending December 31,   Prinicipal
Payment		  
2017   $ 155,000  
2018     158,000  
2019     99,000  
2020     1,000  
2021     1,000  
Total   $ 414,000