Aggregate future lease commitments The Company leases computers, office equipment, office furniture and company vehicle under capital lease agreements that expire through July 2021. Total amount financed under these capital leases at March 31, 2017 was $91,828. This obligation is included within the Companys total debt. The table below summarizes Companys future obligations under its capital leases: Year: 2017 $ 32,608 2018 38,345 2019 23,631 2020 4,219 Thereafter 2,461 101,264 Less amount representing interest (9,436 ) Capital lease obligations $ 91,828 The Company leases its office space in Raleigh, North Carolina pursuant to a lease with an initial term that expires in March 2019. The lease contains an option to renew for two additional three-year lease terms. The table below summarizes the Companys future obligation under its office lease: Year: 2017 $ 126,032 2018 172,418 2019 44,082 Total $ 342,532 Legal Proceedings From time to time, the Company may be subject to routine litigation, claims or disputes in the ordinary course of business. The Company defends itself vigorously in all such matters. In the opinion of management, no pending or known threatened claims, actions or proceedings against the Company are expected to have a material adverse effect on its financial position, results of operations or cash flows. However, the company cannot predict with certainty the outcome or effect of any such litigation or investigatory matters or any other pending litigations or claims. There can be no assurance as to the ultimate outcome of any such lawsuits and investigations. The Company will record a liability when it believes that it is both probable that a loss has been incurred and the amount can be reasonably estimated. The Company periodically evaluates developments in its legal matters that could affect the amount of liability that it has previously accrued, if any, and makes adjustments as appropriate. Significant judgment is required to determine both the likelihood of there being, and the estimated amo