Post-effective amendment to a registration statement that is not immediately effective upon filing

Commitments and Contingencies (Tables)

v3.3.1.900
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Contractual Commitments of the non-cancellable Portion

The Company’s contractual commitments of the non-cancellable portion under theses operating leases as of December 31, 2015 are as follows:

 

     Total  

2016

   $ 318,186   

2017

     188,009   

2018

     191,959   

2019

     195,909   

2020

     199,859   

Thereafter

     238,371   
  

 

 

 

Total minimum lease payments

   $ 1,332,293   
  

 

 

 

License Agreement [Member]  
Schedule of minimum license fee commitment

The table below shows the minimum annual license fee commitments under the two agreements as of December 31, 2015:

 

     License
payments
 

2016

   $ 87,248   

2017

     87,248   

2018

     87,248   

2019

     87,248   

2020

     87,248   

Thereafter

     512,582   
  

 

 

 

Total minimum license payments

   $ 948,822