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Commitments and Contingencies
12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

13.

Commitments and Contingencies

 

During 2014, the Company entered into a five-year lease for a total of 5,979 square feet. The Company believes that such facilities are adequate for our current operations, and that there are spaces available sufficient for any future expansion requirements should the need arise. Rent expense was $226,001 and $259,050, for the years ended December 31, 2017 and 2016, respectively.  In 2018, Pelican entered into a five-year lease for a total of 5,156 square feet. The Company anticipates occupancy by March 2018. The Company’s approximate future minimum payments for its operating lease obligations that have initial remaining non-cancelable terms in excess of one year are as follows:


Years ending December 31,

 

 

 

 

 

 

 

2018

 

 

324,551

 

2019

 

 

309,729

 

2020

 

 

115,580

 

2021

 

 

118,158

 

2022

 

 

120,736

 

Thereafter

 

 

20,194

 

Total

 

$

1,008,948