Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Schedule of Minimum Lease Payments

As of December 31, 2017, minimum lease payments are as follows:

2018	$	132,000
2019		136,000
2020		140,000
2021		145,000
2022		136,000

Schedule of Maturities Minimum Lease Payments Receivable

As of December 31, 2017, scheduled maturities of minimum lease payments receivable were as follows:

2018	$	18,000
2019		19,000
2020		22,000
		59,000
Less: Current portion		(20,000	)
Investment in lease, noncurrent	$	39,000

Contractual Obligations and Commercial Commitments

The following table summarizes the Company’s approximate minimum contractual obligations and commercial commitments as of December 31, 2017:

	Payments Due in Period
	Total		Within 1 Year		Years 2 - 3		Years 4 - 5		More than 5 Years
Minimum Purchase Commitments1	$	30,300,000	$	2,700,000	$	6,700,000	$	7,400,000	$	13,500,000
Leases2		712,000		141,000		290,000		281,000		-
Employment Contract3		452,000		350,000		102,000		-		-
Total	$	31,464,000	$	3,191,000	$	7,092,000	$	7,681,000	$	13,500,000

¹ License and Supply Agreement with Medica.

² In addition to lease obligations for office space, obligations include a lease for various office equipment which expires in 2020.

³ Relates to employment agreement with Daron Evans, the Company’s President and Chief Executive Officer, entered into on April 15, 2015 for a term of four years.