Leases - The Company leased office and warehouse space under an operating lease which expire on July 31, 2016. Rent expense for the three and six months ended June 30, 2016 and the three and six months ended June 30, 2015 amounted to $31,585 and $63,171, $29,538 and $59,192 respectively. At June 30, 2016 the aggregate future minimum lease payment under the non-cancelable operating lease was $9,846. The Company has made a $12,253 security deposit included within other assets in the accompanying balance sheets as of June 30, 2016 and December 31, 2015. An affiliate of a director is using a portion of the space on a temporary informal basis and reimbursing the Company $1,000 per month for such use. In July 2016, the Company entered into a five year lease for the same space at a rate of $68,000 per year. In July 2014, the Company entered into an agreement to lease a new gyrotron and associated equipment from a vendor pursuant to a capital lease. As amended in May 2016, the lease requires four payments aggregating $220,000, $40,000 of which was paid up-front and is included in machinery and equipment in the accompanying balance sheet as of December 31, 2014, and $45,000, $75,000 and $60,000, are due on August 1, 2016 (which payment was made in July 2016), January 31, 2017, and January 31, 2018, respectively. The lease contains a $1 bargain purchase option following the completion of payments made by the Company. The Company recorded the capital lease during the three months ended June 30, 2016 by recording $120,000 in current portion of capital lease and $60,000 in other non-current liability on the accompanying balance sheet as of June 30, 2016. In February 2015, the Company entered into an agreement to purchase a cryomagnet for $134,700 of which $40,410 was paid, $40,410 was due 30 days after delivery (which took place in the fourth quarter of 2015) and was paid in July 2016, $26,940 will be due 6 months after successful provisional acceptance testing (which has not taken place), and $26,940 will be due 18 months af