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Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2016
Commitments and contingencies  
Schedule of operating lease expense

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2016

 

2015

 

2014

Operating lease expense

    

$

1,477,382

    

$

1,577,764

    

$

1,549,343

 

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

 

 

 

 

 

Years ending December 31,

    

    

 

2017

 

$

1,176,928

2018

 

 

737,115

2019

 

 

580,566

2020

 

 

82,285

2021

 

 

84,748

Thereafter

 

 

7,202

Total minimum lease payments

 

$

2,668,844

 

Schedule of leased property under capital leases

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

2016

 

2015

Computer hardware

    

$

2,267,950

    

$

2,145,668

Computer software

 

 

319,500

 

 

319,683

Total capital leases, gross

 

 

2,587,450

 

 

2,465,351

Less: Accumulated depreciation

 

 

(1,824,534)

 

 

(1,415,472)

Total capital leases, net

 

$

762,916

 

$

1,049,879

 

Schedule of future minimum rental payment under capital leases

 

 

 

 

 

Years ending December 31,

    

 

 

2017

 

$

176,022

2018

 

 

83,603

2019

 

 

14,031

2020

 

 

5,244

2021

 

 

2,185

Thereafter

 

 

 —

Total minimum lease payments

 

 

281,085

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

 

 

 —

Net minimum lease payments

 

 

281,085

Less: Amounts representing interest payments

 

 

(12,242)

Present value of net minimum lease payments

 

$

268,843

 

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

Schedule of future minimum payments under those agreements

 

 

 

 

 

Years ending December 31,

    

    

 

2017

 

$

416,667

2018

 

 

300,000

2019

 

 

 —

2020

 

 

 —

2021

 

 

 —

Thereafter

 

 

 —

Total payments

 

$

716,667