6. Deferred Rent

6 Months Ended

Jun. 30, 2014

Notes to Financial Statements

6. Deferred Rent

Deferred rent consists of the following at June 30, 2014 and December 31, 2013:

	June 30, 2014			December 31, 2013
Landlord-funded leasehold improvements	$	1,021,015		$	1,047,026
Less accumulated amortization		(187,189	)		(133,063	)
Total		833,826			913,963
Straight line rent adjustment		78,820			89,273
Total deferred rent	$	912,646		$	1,003,236

 
During the three and six month periods ended June 30, 2014, the Company recorded $27,063 and $54,126, respectively, in deferred rent amortization of these landlord funded leasehold improvements. During the three and six month periods ended June 30, 2013, the Company recorded $23,632 and $46,005, 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.