Commitments and Contingencies

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

8. Commitments and Contingencies

The Company currently has an operating lease agreement with a commitment for $16,255,927 for laboratory and office facilities through 2027.

At December 31, 2016, 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
2017		1,299,845
2018		1,457,008
2019		1,500,718
2020		1,545,740
2021		1,592,112
Thereafter		8,860,504

	$	16,255,927

Rent expense for the years ended December 31, 2016, 2015 and 2014 was $1,419,940, $1,385,207 and $853,504, respectively.