5. Deferred Rent

Deferred rent consists of the following at September 30, 2016 and December 31, 2015:

	September 30, 2016		December 31, 2015
Landlord-funded leasehold improvements	$	1,124,790	$	1,124,790
Less accumulated amortization		(470,778)		(375,530)
Total		654,012		749,260
Straight line rent adjustment		189,955		165,414
Total deferred rent	$	843,967	$	914,674

During the three and nine month periods ended September 30, 2016, the Company recorded $31,749 and $95,248, respectively, in deferred rent amortization of these landlord funded leasehold improvements. During the three and nine month periods ended September 30, 2015, the Company recorded $31,750 and $95,250, respectively, in deferred rent amortization of these landlord funded leasehold improvements.

Straight line rent adjustment represents the difference between cash rent payments and the recognition of rent expense on a straight-line basis over the terms of the lease.