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11. Commitments and Contingencies
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Operating leases

 

The Company has multiple operating leases for office space as of December 31, 2015. The non-cancelable leases are either month to month or expire no later than January 31, 2018. Base monthly payments are as follows:

 

Year   Amount 
2016   $98,602 
2017    7,924 
2018    446 
Total   $106,972 

 

Legal proceedings

 

The Company is subject to legal proceedings and claims that arise in the ordinary course of business. In the opinion of management the ultimate liability with respect to current proceedings and claims will not have a material adverse effect upon the Company’s financial position or results of operations.

 

We know of no material, active or pending legal proceedings against our company, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest adverse to our interest.