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Commitments (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016:

Year ending December 31,

 

Capital

Leases

 

 

Operating

Leases

 

 

Total

 

2017

 

$

204,354

 

 

$

1,072,448

 

 

$

1,276,802

 

2018

 

 

113,337

 

 

 

1,205,263

 

 

 

1,318,600

 

2019

 

 

21,266

 

 

 

427,769

 

 

 

449,035

 

2020

 

 

21,266

 

 

 

427,769

 

 

 

449,035

 

2021 and thereafter

 

 

1,773

 

 

 

463,416

 

 

 

465,189

 

Total

 

$

361,996

 

 

$

3,596,665

 

 

$

3,958,661

 

Less:  amount representing interest

 

 

(31,054

)

 

 

 

 

 

 

 

 

Net present value of future minimum lease payments

 

$

330,942

 

 

 

 

 

 

 

 

 

Current maturities

 

 

(184,399

)

 

 

 

 

 

 

 

 

Long-term maturities

 

$

146,543

 

 

 

 

 

 

 

 

 

 

Schedule of Capital Leased Assets

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

 

 

 

2016

 

 

2015

 

Laboratory and manufacturing equipment

 

$

560,829

 

 

$

803,500

 

Office furniture and equipment

 

 

64,790

 

 

 

89,140

 

Computers and network equipment

 

 

24,350

 

 

 

153,693

 

Less accumulated amortization

 

 

(270,808

)

 

 

(402,066

)

Capital lease assets, net

 

$

379,161

 

 

$

644,267