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Note 9. Commitments and Contingencies
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

Office Lease

 

In October 2015, we signed a three year lease extension for our 16,059 square-foot corporate headquarters in Morrisville, NC.  At our option, we may terminate the lease any time in exchange for an early termination fee of $135,000.  If we do not terminate the lease in Morrisville, NC early, our required minimum lease payments are as follows:

 

Year Ended December 31:   
 2017   $153,337 
 2018   $157,994 
 2019   $134,896 
 Total   $446,227 

 

Additionally, we have a shared office facility in London, England, that is on a short term lease. Rent expense associated with our office leases totaled $207,104 and $203,953 for the years ended December 31, 2016 and 2015, respectively.

 

 Litigation

 

From time to time, the Company may be involved in litigation that arises through the normal course of business.   The Company is neither a party to any litigation nor are we aware of any such threatened or pending litigation that might result in a material adverse effect to our business.