Employee Retirement Plan

6 Months Ended

Jun. 30, 2016

Compensation And Retirement Disclosure [Abstract]

Employee Retirement Plan

10. Employee Retirement Plan

During 2008, the Company established a retirement plan (the Plan) authorized by Section 401(k) of the Internal Revenue Code. In accordance with the Plan, all employees who have attained the age of 21 are eligible to participate in the Plan as of the first Entry Date, as defined, following their date of employment. Each employee can contribute a percentage of compensation up to a maximum of the statutory limits per year. Company contributions are discretionary and contributions in the amount of approximately $29,000 and $0 were made during the three months ended June 30, 2016 and 2015, respectively, and $0.1 million and $0 were made during the six months ended June 30, 2016 and 2015, respectively.