Current report filing

Note 21 - Leases

v3.8.0.1
Note 21 - Leases
12 Months Ended
Dec. 31, 2016
Notes to Financial Statements  
Leases of Lessee Disclosure [Text Block]
2
1
.
Leases
 
We lease office space in Ohio under an operating lease that expires in
October 2022.
Beginning in
March 2017,
we also lease office space in New Jersey under an operating lease that expires in
March 2018.
 
As of
December 31, 2016,
the future minimum lease payments for the years ending
December 31
are as follows:
 
   
Operating
Leases
 
2017
  $
277,946
 
2018
   
284,246
 
2019
   
290,734
 
2020
   
297,405
 
2021
   
304,201
 
Thereafter
   
253,339
 
Total   $
1,707,871
 
 
Total rental expense was
$187,000,
$217,000
and
$357,000
for the years ended
December 31, 2016,
2015
and
2014,
respectively.