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Commitments and Contingencies
6 Months Ended
Jun. 30, 2018
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

5. Commitments and Contingencies

Leases

In February 2016, we extended the lease for our office space through 2019 and added more space.  Effective May 1, 2016, we terminated our lease early and replaced it with a new one effective through March 31, 2019. On March 12, 2018, we amended that lease to add more space. Rent expense for each of the three months ended June 30, 2018 and 2017 was $0.3 million. Rent expense for the six months ended June 30, 2018 and 2017 was $0.6 million and $0.5 million, respectively.

As of June 30, 2018, future minimum lease payments under non-cancelable operating leases were as follows:

 

 

 

Lease

 

 

 

Payments

 

2018 (remainder)

 

$

691

 

2019

 

 

342

 

Thereafter

 

 

 

Total

 

$

1,033

 

 

Contingencies

In the ordinary course of business, we may be subject to legal claims and regulatory actions that could have a material adverse effect on our business or financial position. We assess our potential liability in such situations by analyzing potential outcomes, assuming various litigation, regulatory and settlement strategies.  If we determine a loss is probable and its amount can be reasonably estimated, we accrue an amount equal to the estimated loss.

 

No losses and no provision for a loss contingency have been recorded to date.