Annual report pursuant to Section 13 and 15(d)

Leases

Leases

12 Months Ended

Dec. 31, 2015

19.

Leases

We lease certain office equipment under a capital lease which expires in 2016. We also lease office space in Ohio under an operating lease that expires in October 2022.

The future minimum lease payments for the years ending December 31 are as follows:

	Capital Leases		Operating Leases
2016	$	2,279	$	271,831
2017		—		277,946
2018		—		284,247
2019		—		290,734
2020		—		297,405
Thereafter		—		557,540
		2,279	$	1,979,703
Less amount representing interest		125
Present value of net minimum lease payments		2,154
Less current portion		2,154
Capital lease obligations, excluding current portion	$	—

Total rental expense was $217,000, $357,000 and $400,000 for the years ended December 31, 2015, 2014 and 2013, respectively.