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Commitments (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017:

Year ending December 31,

 

Capital

Leases

 

 

Operating

Leases

 

 

Total

 

2018

 

$

177,464

 

 

$

1,041,323

 

 

$

1,218,787

 

2019

 

 

85,393

 

 

 

1,054,374

 

 

 

1,139,767

 

2020

 

 

56,981

 

 

 

1,072,748

 

 

 

1,129,729

 

2021

 

 

1,773

 

 

 

482,058

 

 

 

483,830

 

2022 and thereafter

 

-

 

 

 

35,647

 

 

 

35,647

 

Total

 

 

321,611

 

 

$

3,686,150

 

 

$

4,007,760

 

Less:  amount representing interest

 

 

(36,619

)

 

 

 

 

 

 

 

 

Net present value of future minimum lease payments

 

 

284,992

 

 

 

 

 

 

 

 

 

Current maturities

 

 

(154,839

)

 

 

 

 

 

 

 

 

Long-term maturities

 

$

130,153

 

 

 

 

 

 

 

 

 

 

Schedule of Capital Leased Assets

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

 

 

 

2017

 

 

2016

 

Laboratory and manufacturing equipment

 

$

850,792

 

 

$

560,829

 

Office furniture and equipment

 

 

64,790

 

 

 

64,790

 

Computers and network equipment

 

 

24,350

 

 

 

24,350

 

Less accumulated amortization

 

 

(454,471

)

 

 

(270,808

)

Capital lease assets, net

 

$

485,461

 

 

$

379,161