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Commitments
 3 Months Ended
Mar. 31, 2015
Commitments [Abstract]  
Commitments

10.        Commitments

 

The Company is subject to periodic lawsuits, investigations and claims during the ordinary course of business. The Company is not a party to any material litigation as of March 31, 2015.

 

Operating lease - The Company leases office space in New York City to conduct its business. The Company’s previous lease began October 1, 2013 and expired March 31, 2015. Non-contingent rent increases were being amortized over the life of the lease on a straight line basis. Subsequent to March 31, 2015, the Company entered into a month-to-month lease for office space. The rental expense charged to operations for the three months ended March 31, 2015 and 2014 amounted to $18,347 and $14,400, respectively.