Post-effective amendment to a registration statement that is not immediately effective upon filing

OPERATING LEASE COMMITMENTS

v2.4.1.9
OPERATING LEASE COMMITMENTS
12 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Note 14. OPERATING LEASE COMMITMENTS

The Company leases certain business facilities under operating lease agreements which specify minimum rentals. Many of these have renewal provisions along with the option to acquire the property. Net rent expense for the Company for the year ended December 31, 2014 and 2013 was $367,204 and $54,408, respectively. Future minimum lease payments under non-cancelable operating leases having an initial or remaining term of more than one year are as follows:

 

      Scheduled  
Year Ending December 31:     Payments  
2015     $ 539,705  
2016       541,656  
2017       487,517  
2018       478,587  
2019       342,336  
2020 and thereafter       2,277,656  
Total minimum rental payments     $ 4,667,457