Commitments and Contingencies (Tables)
 12 Months Ended
Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Minimum Lease Payments

As of December 31, 2017, minimum lease payments are as follows:

 

2018   $ 132,000  
2019     136,000  
2020     140,000  
2021     145,000  
2022     136,000  
Schedule of Maturities Minimum Lease Payments Receivable

As of December 31, 2017, scheduled maturities of minimum lease payments receivable were as follows:

 

2018   $ 18,000  
2019     19,000  
2020     22,000  
      59,000  
Less: Current portion     (20,000 )
Investment in lease, noncurrent   $ 39,000  
Contractual Obligations and Commercial Commitments

The following table summarizes the Company’s approximate minimum contractual obligations and commercial commitments as of December 31, 2017:

 

    Payments Due in Period  
    Total     Within
1 Year		     Years
2 - 3		     Years
4 - 5		     More than
5 Years		  
                               
Minimum Purchase Commitments1   $ 30,300,000     $ 2,700,000     $ 6,700,000     $ 7,400,000     $ 13,500,000  
Leases2     712,000       141,000       290,000       281,000       -  
Employment Contract3     452,000       350,000       102,000       -       -  
Total   $ 31,464,000     $ 3,191,000     $ 7,092,000     $ 7,681,000     $ 13,500,000  

 

1 License and Supply Agreement with Medica.

 

2 In addition to lease obligations for office space, obligations include a lease for various office equipment which expires in 2020.

 

3 Relates to employment agreement with Daron Evans, the Company’s President and Chief Executive Officer, entered into on April 15, 2015 for a term of four years.