Leases |
6 Months Ended |
|---|---|
Jun. 30, 2015 | |
| Leases [Abstract] | |
| Leases |
NOTE 14 – LEASES
Hawaii Research Center
The Company entered into a lease for laboratory and office space on May 9, 2006. This lease amended on September 7, 2011, and October 30, 2012. This lease expired on October 31, 2014, after which the terms converted to month-to-month. The Company vacated the space in February 2015. Total rent expense under this agreement as amended was $759 and $12,112, for the three and six-months ended June 30, 2015, respectively. The $759 of rent expense for the three-months ended June 30, 2015 is related to the write off of a non-refunded portion of their security deposit. Total rent expense under this agreement as amended was $17,012 and $32,622, for the three and six-months ended June 30, 2014, respectively.
Manoa Innovation Center
The Company entered into an automatically renewable month-to-month lease for office space on August 13, 2010. Under the terms of this lease, the Company must provide a written notice 45 days prior to vacating the premises. Total rent expense under this agreement as amended was $7,914 and $15,828, for the three and six-months ended June 30 2015, respectively. Total rent expense under this agreement as amended was $11,150 and $20,036, for the three and six-months ended June 30, 2013, respectively. |