Commitments and Contingencies

9 Months Ended

Sep. 30, 2015

Commitments and Contingencies Disclosure [Abstract]

NOTE E – Commitments and Contingencies

Operating Leases

On September 1, 2015, we executed a new lease agreement at our New Jersey office location which commences on February 1, 2016 and expires on June 30, 2023. The lease includes a right of first offer to lease certain additional space and one option to extend the term of the lease for five years at a market rate determined in accordance with the lease. There was also a rent holiday of 5 months which has been incorporated into our deferred rent calculation.

At September 30, 2015, our future minimum payments under operating leases were as follows (in thousands):


2015	$	768
2016		3,143
2017		2,920
2018		2,931
2019		3,027
Thereafter		3,866

	$	16,655