NOTE 15. COMMITMENTS AND CONTINGENCIES Operating Leases On July 23, 2014, the Company entered into an agreement with its landlord to extend the facilities lease by five years. The previous ten year lease was to expire on December 31, 2015. The agreement amends the lease to expire on December 31, 2020. The lease amendment is effective August 1, 2014 and includes a four month rental abatement in the amount of $117,660. In exchange for the rental abatement, the Company has agreed to make improvements to the facility totaling $123,505 within six months of August 1, 2014. As of September 30, 2016, the Company has completed $65,224 of the leasehold improvements. In addition, the monthly rent on the facility decreases from the current rent of $33,139 to $29,415 per month, beginning on December 1, 2014. Beginning January 1, 2015, the monthly rent is on an escalating schedule with the final year of the lease at $35,123 per month. The rent expense under this lease for the three months ended September 30, 2016 and 2015 was $88,120 and $88,120, respectively. The Company also leases certain postage equipment under an operating lease.The monthly lease is $104 per month and expires January 2017. Future minimum lease payments under non-cancelable operating leases at September 30, 2016 are as follows: Year ending June30, (in thousands) 2017 (nine months) $ 287 2018 392 2019 403 2020 415 2021 211 Total minimum lease payments $ 1,708 Capital Leases The Company has acquired equipment under the provisions of long-term leases. For financial reporting purposes, minimum lease payments relating to the equipment have been capitalized. The leased properties under these capital leases have a total cost of $287,104. These assets are included in the fixed assets listed in Note 6 - Equipment and Leasehold Improvements and include computers, software, furniture, and equipment. The capital leases have stated or imputed interest rates ranging from 7% to 21%. The following is an analysis of the minimum future capital lease payments subsequent t