6. Deferred Rent

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Deferred Rent

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

	2015			2014
Landlord-funded leasehold improvements	$	1,124,790		$	1,124,790
Less accumulated amortization		(375,530	)		(248,531	)
Total (current portion $130,216 at December 31, 2015 and 2014)		749,260			876,259
Straight line rent adjustment		165,414			128,782
Total deferred rent	$	914,674		$	1,005,041

During 2014, the Company recorded $125,000 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. During 2015, the Company did not receive landlord funded lease incentives. During the years ended December 31, 2015 and 2014, the Company recorded $126,999 and $115,468, respectively, in deferred rent amortization of these landlord funded leasehold improvements.

In addition, during the years ended December 31, 2015 and 2014, the Company recorded deferred rent of $36,632 and $39,509, 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.