Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016.

2017	$	143,157
2018	$	143,156
2019	$	143,157
2020	$	98,429
2021	$	56,560
Greater than 5 years	$	586,786
Total minimum lease payments	$	1,171,245
Less: Amount representing interest	$	162,419
Present value of minimum lease payments	$	1,008,826

Operating lease payments

The Company also leases premises, facilities and motor vehicles 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:

2017	$	189,610
2018	$	161,049
Thereafter	$	61,088
Total	$	411,747