6. Deferred Rent

3 Months Ended

Mar. 31, 2015

Notes to Financial Statements

6. Deferred Rent

Deferred rent consists of the following at March 31, 2015 and December 31, 2014:

	March 31, 2015		December 31, 2014
Landlord-funded leasehold improvements	$	1,124,790	$	1,124,790
Less accumulated amortization		(280,281		(248,531	)
Total		844,509		876,259
Straight line rent adjustment		133,748		128,782
Total deferred rent	$	978,257	$	1,005,041

During the three month periods ended March 31, 2015 and 2014, the Company recorded $31,750 and $27,063, 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.