Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2015

Commitments And Contingencies

Future minimum lease payments

The following is a schedule showing the future minimum lease payments under capital leases by years and the present value of the minimum payments as of December 31, 2015.

2016	$	88,391
2017	$	85,401
2018	$	82,513
2019	$	79,723
2020	$	37,228
Total minimum lease payments	$	373,256
Less: Amount representing interest	$	20,367
Present value of minimum lease payments	$	352,889

Operating lease payments

The Company also leases premises and facilities under operating leases with terms ranging from 12 months to 36 months. The annual non-cancelable operating lease payments on these leases are as follows:

2016	$	166,429
2017	$	9,369
Thereafter	$	nil
Total	$	175,798