Annual report pursuant to Section 13 and 15(d)

Note 11 - Commitments and Contingencies

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Note 11 - Commitments and Contingencies
12 Months Ended
Dec. 31, 2017
Notes to Financial Statements  
Commitments and Contingencies Disclosure [Text Block]
Note
11:
 
Commitments and Contingencies
 
Operating Leases
 
The Company leases its corporate office space and the space for each of the company-owned or managed clinics in the portfolio.
 
Total rent expense for the years ended
December 31, 2017
and
2016
was
$2,808,837
and
$3,389,971,
respectively.
 
Future minimum annual lease payments are as follows:
 
2018   $
2,119,305
 
2019    
1,808,476
 
2020    
1,544,978
 
2021    
1,411,126
 
2022    
1,283,865
 
Thereafter    
3,060,963
 
Total   $
11,228,713
 
 
In
December 2016,
the Company ceased use of
five
undeveloped clinic locations from its corporate clinics segment and recognized a liability for lease exit costs based on the remaining lease rental due, reduced by estimated sublease rental income that could be reasonably obtained for the properties. The Company classified all of the approximately
$338,000
lease exit liability in other liabilities, and related expense in loss on disposition or impairment.
 
Litigation
 
In the normal course of business, the Company is party to litigation from time to time. The Company maintains insurance to cover certain actions and believes that resolution of such litigation will
not
have a material adverse effect on the Company.