Quarterly report pursuant to Section 13 or 15(d)

OPERATING LEASE COMMITMENTS

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OPERATING LEASE COMMITMENTS
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Note 13. OPERATING LEASE COMMITMENTS

The Company leases certain business facilities under operating lease agreements that specify minimum rentals. Many of these have renewal provisions along with the option to acquire the property. The Company's net rent expense for the quarter ended March 31, 2016 and 2015 was $133,867 and $136,650, 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  
2016   $ 541,656  
2017     487,518  
2018     478,587  
2019     342,336  
2020     256,173  
2021 and thereafter     2,021,484  
Total minimum rental payments   $ 4,127,754