Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies (Tables)

v2.4.1.9
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2014
Schedule of Contractual Commitments of the non-cancellable Portion

The Company’s contractual commitments of the non-cancellable portion under this operating lease as of December 31, 2014 are as follows:

 

     Total  

2015

   $ 176,190   
  

 

 

 
License Agreement [Member]  
Schedule of minimum license fee commitment

The table below shows the annual license fee commitments under the two agreements as of December 31, 2014:

 

     License
payments
 

2015

   $ 96,808   

2016

     96,808   

2017

     96,808   

2018

     96,808   

2019

     96,808   

Thereafter

     665,555   
  

 

 

 

Total minimum license payments

$ 1,149,595