LEASES

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

LEASES

The Company leases its primary office space of 15,180 square feet for $23,403 per month, plus $50 per month for each employee or contractor parking space.  The lease term expires on December 31, 2017.  On November 1, 2012, the monthly rent was reduced to $21,821 on a triple-net basis, and then escalated by 1.45 percent for the period November 1, 2013 through October 31, 2014. The lease then escalates by approximately 2.8 percent each year thereafter.

The Company currently leases approximately 3,200 square feet of office space at an off-site location as a storage facility.  The current lease expires on April 30, 2017.  The lease called for a security deposit of $2,684, and monthly rent of $1,949 commencing on May 1, 2014, escalating to $2,045 on May 1, 2015 and $2,141 on May 1, 2016.

Aggregate rental expense for fiscal years 2015, 2014 and 2013 was $575,905, $531,127 and $534,275, respectively.  As of December 31, 2015, future minimum rentals under all noncancellable operating leases are as follows:

2016	579,873
2017	564,326
2018	2,264
2019	-
2020	-