6. Deferred Rent

12 Months Ended

Dec. 31, 2014

Notes to Financial Statements

Deferred Rent

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

	2014			2013
Landlord-funded leasehold improvements	$	1,124,790		$	1,047,026
Less accumulated amortization		(248,531	)		(133,063	)
Total (current portion $130,216 and $111,250 at December 31, 2014 and 2013, respectively)		876,259			913,963
Straight line rent adjustment		128,782			89,273
Total deferred rent	$	1,005,041		$	1,003,236

During 2014 and 2013, the Company recorded $125,000 and $191,583, respectively, in deferred rent relating to leasehold improvements funded by the Company’s landlord as incentives under the facility lease, offset by payments to the landlord of $47,237 and $45,546 in 2014 and 2013, respectively.  During the years ended December 31, 2014 and 2013, the Company recorded $115,468 and $93,876, respectively, in deferred rent amortization of these landlord funded leasehold improvements.

In addition, during the years ended December 31, 2014 and 2013, the Company recorded deferred rent of $39,509 and $995, which represented the difference between cash rent payments and the recognition of rent expense on a straight-line basis over the terms of the lease.