Subsequent Event

6 Months Ended

Jun. 30, 2016

Subsequent Events [Abstract]

Subsequent Event

12. Subsequent Event

On July 25, 2016, the Company executed into a Third Amendment to Lease (Third Amendment), amending the lease dated December 3, 2013, for the Company’s headquarters located at 245 First Street, Cambridge, Massachusetts (the Building).

Pursuant to the Third Amendment, the Company has agreed to extend its existing lease for approximately 5,951 rentable square feet of office, research and laboratory space located on the first floor of the science center in the Building (Lab Space).  Monthly lease payments for the new space will be approximately $35,000 per month commencing approximately December 1, 2016, pending completion of work by the Landlord.  The foregoing rent is subject to annual rent escalations commencing on December 1, 2017, depending on the date of delivery of the premises.  The Third Amendment includes a Landlord’s contribution for leasehold improvements for the premises in the amount of $89,265.  The term of the lease for the Lab Space is five years, with an extension option for one additional period of two years.