Commitments (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Lease Payments For Capital Leases

Following is a schedule by year of the estimated future minimum payments under all operating and capital leases as of December 31, 2015:

	Capital		Operating
Year ending December 31,	Leases		Leases		Total
2016	$	294,141	$	870,484	$	1,164,625
2017		204,354		633,480		837,834
2018		109,272		568,410		677,682
2019		21,266		-		21,266
2020 and thereafter		19,494		-		19,494
Total	$	648,527	$	2,072,374	$	2,720,901
Less:  amount representing interest		(70,255)
Net present value of future minimum lease payments	$	578,272
Current maturities		(251,800)
Long-term maturities	$	326,472

Schedule of Capital Leased Assets

Assets under capital leases were included in the following balance sheet categories as of December 31:

	2015		2014
Laboratory equipment	$	803,500	$	364,471
Office furniture		89,140		-
Computers		153,693		153,693
Less accumulated amortization		(402,066)		(245,030)
Capital lease assets, net	$	644,267	$	273,134