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Commitments and Contingencies
9 Months Ended
Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and contingencies

The Company leases 12 vehicles for sales and service employees, delivery and other purposes with varying expiration date through September 2019. The current minimum monthly payment for these vehicle leases is $5,961

 

The Company has several operation leases for office, laboratory and manufacturing space. The Company’s operating lease for one of its German facilities can be cancelled by either party with a 3 months’ notice, its Poland facility can be terminated by either party with a six month notice. Monthly rent payments for the German and Poland facilities are Euro 6,200 ($6,950 as of September 30, 2016) and PLN 6,240 ($1,646 as of September 30, 2016), respectively. The Company’s laboratory facility in Chicago, IL terminates June 30, 2018 and requires monthly payments of $1,175. The Company also sublease its former Chicago laboratory facility for $3,948 per month. The lease for this facility terminates October 31, 2016 and requires monthly rent payments of $4,526. The Company’s Orlando facility has escalating rents ranging from $2488 to $2,563 per month and terminates July 31, 2018. The total aggregate monthly lease payments (net of the sublease) required on these leases is $12,837.

 

The Company signed a note with its current accountants in the amount of approximately $185,000 for audit and review services provided through June 30, 2016.  The Company agreed to pay an initial installment of $30,000 upon signing the agreement and $10,000 a month commencing September 2016. The remaining balance is due upon the initiation of the December 31, 2016 audit and no later than December 31, 2016. All amounts owed to the Company's accountants as of September 30, 2016 have been included in accounts payable and accrued expenses on the consolidated balance sheets. The total amount due on the note is $155,000 at September 30, 2016 and an additional $38,000 for quarterly filings and fees outstanding as of September 30, 2016.