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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Future minimum payments for operating leases

Future minimum lease payments under the operating lease at March 31, 2015, are as shown below:

 

Annual minimum payments:  Amount
2015 (April 1, 2015 to December 31, 2015)   $296,869 
2016   408,986 
2017   425,345 
2018   442,359 
2019 to 2022   1,689,777 
     Total minimum payments   $3,263,336

 

 

 

 

Future minimum payments under capital lease and equipment financing arrangements

Future minimum payments under capital lease and equipment financing arrangements as of March 31, 2015, are as follows:

 

Annual minimum payments:  Amount
2015 (April 1, 2015 to December 31, 2015)   $20,648 
2016   12,449 
     Total minimum payments    33,097 
Less amount representing interest    (1,945)
     Present value of net minimum payments    31,152 
Short term portion of capital leases    (25,680)
Long term portion of capital leases   $5,472