Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies [Abstract]

Commitments and Contingencies Disclosure [Text Block]

15. Commitments and Contingencies

Operating Lease Commitments

The Company has entered into property and equipment leasing arrangements that expire at various times between June 2016 and March 2026, with optional renewal periods. Lease payments range from $1,000 to $27,000 per month and may require additional rent to cover a proportionate share of taxes, maintenance, insurance and other shared expenses. Rents are generally increased annually by fixed amounts, subject to certain maximum amounts defined within individual agreements. Rent expenses under these operating leases for the years ended December 31, 2015, 2014 and 2013 were approximately $977,000, $926,000 and $767,000, respectively.

Future minimum payments by year (excluding related party leases) required under lease obligations consist of the following for fiscal years ending December 31:

					Less
	Property		Equipment		Property		Net Lease
	Leases		Leases		Sublease		Total
2016	$	834,000	$	83,000	$	(11,800)	$	905,200
2017		726,000		27,000		-		753,000
2018		738,000		-		-		738,000
2019		442,000		-		-		442,000
2020		198,000		-		-		198,000
Thereafter		1,037,000		-		-		1,037,000
Total	$	3,975,000	$	110,000	$	(11,800)	$	4,073,200

Employment Agreements

The Company has employment agreements with certain executives that set forth compensation levels and provide for severance payments in certain instances.

Litigation

The Company is not involved in any material legal proceedings.