Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

7. Commitments and Contingencies

The Company currently has operating lease agreements with commitments for $13,125,243 for laboratory and office facilities through 2020.

At December 31, 2014, future minimum lease payments under leases having an initial or remaining non-cancellable lease term in excess of one year are set forth in the table below:

Year
2015	$	10,630
2016		1,048,661
2017		1,175,454
2018		1,210,718
2019		1,247,039
2020		8,432,741
	$	13,125,243

Rent expense for the years ended December 31, 2014, 2013 and 2012 was $853,504, $827,479 and $809,332, respectively.