COMMITMENTS AND CONTINGENCIES	107 Months Ended
Dec. 31, 2011
COMMITMENTS AND CONTINGENCIES	NOTE 7—COMMITMENTS AND CONTINGENCIES In October 2005, Opexa entered into a ten-year lease for its office and research facilities. The facility including the property is leased for a term of ten years with two options for an additional five years each at the then prevailing market rate. Future minimum lease payments under the non-cancellable operating lease are $150,133 for 2012, $157,896 for 2013, $157,896 for 2014 and $118,422 for 2015. Rent expense was approximately $136,000 for each of the years ended December 31, 2011 and 2010.

COMMITMENTS AND CONTINGENCIES

107 Months Ended

Dec. 31, 2011

NOTE 7—COMMITMENTS AND CONTINGENCIES

In October 2005, Opexa entered into a ten-year lease for its office and research facilities. The facility including the property is leased for a term of ten years with two options for an additional five years each at the then prevailing market rate. Future minimum lease payments under the non-cancellable operating lease are $150,133 for 2012, $157,896 for 2013, $157,896 for 2014 and $118,422 for 2015. Rent expense was approximately $136,000 for each of the years ended December 31, 2011 and 2010.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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+ Details