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Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and contingencies  
Schedule of operating lease expense

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2015

 

2014

 

2013

Operating lease expense

    

$

1,577,764

    

$

1,549,343

    

$

1,509,465

 

Schedule of future minimum rental payments under non-cancelable operating leases

 

 

 

 

 

Years ending December 31,

    

    

 

2016

 

$

1,519,039

2017

 

 

126,827

2018

 

 

4,477

2019

 

 

 —

2020

 

 

 —

Thereafter

 

 

 —

Total minimum lease payments

 

$

1,650,343

 

Schedule of leased property under capital leases

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

2015

 

2014

Computer hardware

    

$

2,145,668

    

$

1,989,836

Computer software

 

 

319,683

 

 

290,095

Total capital leases, gross

 

 

2,465,351

 

 

2,279,931

Less: Accumulated depreciation

 

 

(1,415,472)

 

 

(1,039,927)

Total capital leases, net

 

$

1,049,879

 

$

1,240,004

 

Schedule of future minimum rental payment under capital leases

 

 

 

 

 

Years ending December 31,

    

 

 

2016

 

$

311,472

2017

 

 

160,563

2018

 

 

43,210

2019

 

 

 —

2020

 

 

 —

Thereafter

 

 

 —

Total minimum lease payments

 

 

515,245

Less: Amounts representing taxes, included in total minimum lease payments(*)

 

 

 —

Net minimum lease payments

 

 

515,245

Less: Amounts representing interest payments

 

 

(28,134)

Present value of net minimum lease payments

 

$

487,111

 

(*)Tax amounts related to capital lease payments are inconsequential.

Schedule of future minimum payments under those agreements

 

 

 

 

 

Years ending December 31,

    

    

 

2016

 

$

366,667

2017

 

 

416,667

2018

 

 

300,000

2019

 

 

 —

2020

 

 

 —

Thereafter

 

 

 —

Total payments

 

$

1,083,334