XML 61 R14.htm IDEA: XBRL DOCUMENT

Leases

12 Months Ended

Dec. 31, 2014

Leases of Lessee Disclosure [Text Block]

8. Leases

In October 2013, the Company entered into a sublease with Harvard Bioscience effective November 1, 2013 for its headquarters, offices, manufacturing, and research and development facilities located in Holliston, Massachusetts. The operating lease is noncancelable for an initial eighteen month period. The sublease automatically extends for additional successive twelve month periods, if neither party provides notice of termination 180 days in advance, through May 31, 2017. Total rent expense was $94,962 and $44,776 for the years ended December 31, 2014 and 2013, respectively.

Future minimum lease payments for operating leases with initial or remaining terms in excess of one year at December 31, 2014 were:

	Operating Leases
	(in thousands)
2015	$	97
2016		41
Thereafter		-
Future minimum lease payments	$	138

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References+ Details