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COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2016
COMMITMENTS AND CONTINGENCIES  
COMMITMENTS AND CONTINGENCIES

 

NOTE 5.  COMMITMENTS AND CONTINGENCIES

 

We have various operating leases for production and office equipment, office space, and buildings under non-cancelable lease agreements expiring on various dates through 2022.

 

Rent expense for the three months ended June 30, 2016 and 2015 amounted to approximately $294,000 and $183,000, respectively. Rent expense for the six months ended June 30, 2016 and 2015 amounted to approximately $593,000 and $363,000, respectively.

 

Approximate future minimum lease payments under non-cancelable leases subsequent to June 30, 2016 are as follows:

Years Ending

 

 

 

December 31,

 

Amount

 

2016

 

$

432,000 

 

2017

 

862,000 

 

2018

 

766,000 

 

2019

 

609,000 

 

2020

 

364,000 

 

Thereafter

 

310,000 

 

 

 

 

 

Total

 

$

3,343,000