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Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2019
Commitments and Contingencies Disclosure [Abstract]  
Summary of Contractual Obligations and Commercial Commitments

The following table summarizes the Company’s approximate minimum contractual obligations and commercial commitments as of December 31, 2019:

 

    Payments Due in Period  
    Total     Within 1
Year
    Years
2 - 3
    Years
4 - 5
   

More than

5 Years

 
                               
Minimum Purchase Commitments1   $ 24,000,000     $ 3,500,000     $ 7,600,000     $ 8,400,000     $ 4,500,000  
Leases2     1,339,000       339,000       662,000       338,000       -  
Total   $ 25,339,000     $ 3,839,000     $ 8,262,000     $ 8,738,000     $ 4,500,000  

 

Reflects minimum purchase commitments pursuant to the License and Supply agreement with Medica.

 

In addition to lease obligations for office space, these obligations include a lease for various office equipment which expires in 2020 and an automobile lease which expires in 2021. See Note 14 – Leases for further discussion.