6. Deferred Rent

9 Months Ended

Sep. 30, 2014

Notes to Financial Statements

6. Deferred Rent

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

	September 30, 2014			December 31, 2013
Landlord-funded leasehold improvements	$	1,014,329		$	1,047,026
Less accumulated amortization		(221,469	)		(133,063	)
Total		792,860			913,963
Straight line rent adjustment		71,266			89,273
Total deferred rent	$	864,126		$	1,003,236

During the three and nine month periods ended September 30, 2014, the Company recorded $27,063 and $88,406, respectively, in deferred rent amortization of these landlord funded leasehold improvements. During the three and nine month periods ended September 30, 2013, the Company recorded $23,935 and $69,940, 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.