6. Deferred Rent

6 Months Ended

Jun. 30, 2015

Notes to Financial Statements

6. Deferred Rent

Deferred rent consists of the following at June 30, 2015 and December 31, 2014:

	June 30, 2015			December 31, 2014
Landlord-funded leasehold improvements	$	1,124,790		$	1,124,790
Less accumulated amortization		(312,031	)		(248,531	)
Total		812,759			876,259
Straight line rent adjustment		150,433			128,782
Total deferred rent	$	963,192		$	1,005,041

During the three and six month periods ended June 30, 2015, the Company recorded $31,750 and $63,500, respectively, in deferred rent amortization of these landlord funded leasehold improvements. 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.

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.