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Leases

12 Months Ended

Dec. 31, 2014

Note 9.

Leases

The terms of our current facilities leases vary from 3 months’ notice for part of the German and 6 month notice for the Poland facility to a term agreement until June 30, 2015 for the laboratory facility in the Chicago area and until July 31, 2018 for the Orlando facility. The monthly rent for the Orlando facility will increase from currently $2,345 to $ 2,563 per month in the last year. The previous down town Chicago facility lease contract term is October 30, 2016 with a monthly lease of $4,270. This facility currently is subleased at $3,816 per month. Total rental expenses was $157,136 in 2014. The following table is not reduced by the sub-lease income of the Chicago facility.

Future minimum annual lease obligations under these leases as of December 31, 2014 are:

	Operating
Year	Leases
	(in thousands)
2015	$	112
2016		72
2017		33
2018		18
2019
Total	$	235

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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