COMMITTMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 11. COMMITTMENTSAND CONTINGENCIES

Facilities Leases

Tampa Lease

In December 2014, the Company commenced a five-year non-cancellable operating lease with the University of South Florida Research Foundation for a 5,115 square foot facility located in Tampa, Florida. The facility is part of the University of South Florida research park and is used as the Company’s research and development facilities. The Company has the option to extend the lease term of this facility for an additional five-year period on the same terms and conditions, except that the base rent for the renewal term will be increased in accordance with the applicable consumer price index.

In April 2015, the Company amended the original lease agreement to increase the rentable space to 6,043 square feet. In September 2016, the Company further increased the rentable space to 8,673 square feet. The per square foot cost and term of the lease were unchanged.

San Carlos Lease

On August 4, 2016, the Company entered into an agreement to lease 8,733 square feet in San Carlos, California. The term of the lease is 54 months subsequent to the commencement date, and total expected rental payments under the lease are expected to be $2.1 million.

New York Lease

The Company leases office space in New York for a monthly rental of approximately $18,000 a month through July 2017.

The Company recognizes rental expense on the facilities on a straight-line basis over the lease term. Differences between the straight line rent expense and rent payments are classified as deferred rent liability on the balance sheet. As of December 31, 2016, the Company's future minimum lease payments under non-cancelable operating leases are as follows (in thousands):

The minimum lease payments are as follows (in thousands):

Year	Amount
2017	$	779
2018		699
2019		700
2020		495
2021		169
	$	2,842

Rent expense for the year ended December 31, 2016, 2015, and 2014 was $0.7 million, $0.3 million, and $0.1 million, respectively.

Purchase Commitments

The Company had non-cancelable purchase obligations for approximately $9.8 million related to our contract manufacturers, and $0.0 million as of December 31, 2016 and December 31, 2015, respectively.