Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies Disclosure [Abstract]

9. Commitments and Contingencies

We lease corporate office space in The Colony, Texas under an 84 month, non-cancelable operating lease. The lease expires in October 2022. We also lease corporate office space in Scottsdale, Arizona under a 66 month, non-cancelable operating lease. The lease, which expires in March 2017, provides for a renewal option of 60 months, and was subleased during 2014. The total amount of minimum rentals we expect to receive on this sublease is $320,061 as of December 31, 2015. Lease expense totaled $509,586 and $352,670 for the years ended December 31, 2015 and 2014, respectively.

The following is a schedule, by year, of future minimum rental payments required under the operating lease agreements as of December 31, 2015:

Year Ending December 31,	Amount
2016	$	764,036
2017		664,880
2018		606,780
2019		631,260
2020		664,200
Thereafter		1,162,350
Total	$	4,493,506

Indemnifications

During the normal course of business, we make certain indemnities and commitments under which we may be required to make payments in relation to certain transactions. These may include (i) intellectual property indemnities to customers in connection with the use, sales, and/or license of products and services; (ii) indemnities to customers in connection with losses incurred while performing services on their premises; (iii) indemnities to vendors and service providers pertaining to claims based on negligence or willful misconduct; and (iv) indemnities involving the representations and warranties in certain contracts. In addition, under our bylaws we are committed to our directors and officers for providing for payments upon the occurrence of certain prescribed events. The majority of these indemnities and commitments do not provide for any limitation on the maximum potential for future payments that we could be obligated to make. We have not incurred costs to defend lawsuits or settle claims related to these indemnification agreements. As a result, we believe the estimated fair value of these agreements is minimal. Accordingly, we had no liabilities recorded for these agreements as of December 31, 2015 and 2014.