Annual report pursuant to Section 13 and 15(d)

9. Commitments and Contingencies (Tables)

v3.7.0.1
9. Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2016
Future minimum maintenance fee payments

Future minimum maintenance fee payments are as follows: 

 

For the year ended December 31      
2017   $ 300,000  
2018     300,000  
2019     300,000  
2020     300,000  
2021     300,000  
Thereafter     1,150,000  
    $ 2,650,000  

  

  
Non-Cancelable Leases [Member]    
Future minimum maintenance fee payments  

Future minimum lease payments under these non-cancelable leases are approximately as follows: 

 

For the year ended December 31,      
2017   $ 78,000  
2018     65,000  
2019     45,000  
2020     22,500  
Thereafter     -  
    $ 210,500