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 and was and 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 the Company ceased use of 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 lease exit liability in other liabilities, and related expense in loss on disposition or impairment.

 

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 have a material adverse effect on the Company.