Commitments and Contingencies

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

11. Commitments and Contingencies

The Company is involved in litigation in the ordinary course of business. In the opinion of management, these matters are adequately covered by insurance or indemnification from other third parties and/or the effect, if any, of these claims is not material to the reported financial condition or results of operations of the Company as of December 31, 2018.

The Company also leases equipment under operating leases. Some of the leases contain annual renewal options after the initial lease term. Lease expense amounted to approximately $77,500 and $77,100 for each of the years ended December 31, 2018 and 2017, respectively.

Future minimum lease payments under non-cancelable operating leases with initial lease terms in excess of one year are as follows:

2019	$	79,716
2020		79,716
2021		75,656
	$	235,088