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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Minimum Lease Payments

As of December 31, 2018, minimum lease payments are as follows:

 

2019   $ 204,000  
2020     197,000  
2021     145,000  
2022     136,000

Contractual Obligations and Commercial Commitments

The following table summarizes our approximate minimum contractual obligations and commercial commitments as of December 31, 2018:

 

    Payments Due in Period  
    Total     Within 1
Year
    Years
2 - 3
    Years
4 - 5
    More than 5
Years
 
                               
Minimum Purchase Commitments1   $ 28,700,000     $ 3,500,000     $ 7,600,000     $ 8,400,000     $ 9,200,000  
Leases2     696,000       213,000       347,000       136,000       -  
Employment Contract3     117,000       117,000       -       -       -  
Total   $ 29,513,000     $ 3,830,000     $ 7,947,000     $ 8,536,000     $ 9,200,000  

 

1 License and supply agreement with Medica.

 

2 In addition to lease obligations for office space, obligations include a lease for various office equipment which expires in 2020.

 

3 Relates to employment agreement with Daron Evans, our President and Chief Executive Officer, entered into on April 15, 2015 for a term of four years.