Leases

12 Months Ended

Dec. 31, 2015

Leases [Abstract]

Leases of Lessee Disclosure [Text Block]

(7) Leases

 

On August 6, 2004, the Company assumed a non-cancelable operating lease for office space and laboratory facilities in Salt Lake City, Utah. On May 6, 2014, the Company modified and extended the lease through February 28, 2018. Additionally, on December 28, 2015, the Company entered into an operating lease for office space in Lawrenceville, New Jersey through January 31, 2018.

Future minimum lease payments under the non-cancelable operating leases as of December 31, 2015 are:

	Operating
	leases
Year ending December 31:
2016		371,373
2017		387,119
2018		58,903
Total minimum lease payments	$	817,395

The Company’s rent expense was $295,000 and $327,000 for the years ended December 31, 2015 and 2014.