Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE COMMITMENTS

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OPERATING LEASE COMMITMENTS
3 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
Note 14. OPERATING LEASE COMMITMENTS

We lease certain business facilities under operating lease agreements which specify minimum rentals. Many of these have renewal provisions along with the option to acquire the property. Our net rent expense for the three months ended March 31, 2015 and 2014 was $136,650 and $20,057, respectively. Future minimum lease payments under non-cancelable operating leases having an initial or remaining term of more than one year are as follows:

 

    Scheduled  
Year Ending December 31:   Payments  
2015   $ 539,705  
2016     541,656  
2017     487,517  
2018     478,587  
2019     342,336  
2020 and thereafter     2,277,656  
Total minimum rental payments   $ 4,667,45