COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Current minimum annual payments under the leases

Current minimum annual payments under the leases are as follows, as of September 30, 2018 (in thousands): 

Year Ending December 31,
2018 (three months ending December 31, 2018)	$	827
2019	3,347
2020	3,422
2021	3,460		(1)
2022	2,613
Thereafter	22,210
Total	$	35,879

(1) Lease payments on the Annex Lease will be equal to fair rental value from July 2021 through the end of the extended lease term. In the table above, we have shown the option lease payments for this period based on the stated rate for the month of June 2021 of $217,744.