Commitments and Contingencies

9 Months Ended

Sep. 30, 2018

Commitments and Contingencies Disclosure [Abstract]

Lease Commitments

We lease facilities under various operating lease agreements in Basking Ridge, New Jersey, and Rye Brook, New York, each of which certain have escalation clauses and renewal options. Our leases expire from time to time through 2021.

A summary of future minimum rental payments required under operating leases that have initial or remaining terms in excess of one year as of September 30, 2018 are as follows (in thousands):



Years ended	Operating Leases
2018	$	224
2019	906
2020	829
2021	476
2022 and thereafter	130
Total minimum lease payments	$	2,565

Expense incurred under operating leases was approximately $0.2 million and $0.7 million for the three and nine months ended September 30, 2018, respectively, and $0.3 million and $1.1 million for the three and nine months ended September 30, 2017.

Contingencies

Under license agreements with third parties the Company is typically required to pay maintenance fees, make milestone payments and/or pay other fees and expenses and pay royalties upon commercialization of products. The Company also sponsors research at various academic institutions, which research agreements generally provide us with an option to license new technology discovered during the course of the sponsored research.

From time to time, the Company is subject to legal proceedings and claims, either asserted or unasserted, that arise in the ordinary course of business. While the outcome of pending claims cannot be predicted with certainty, the Company does not believe that the outcome of any pending claims will have a material adverse effect on the Company's financial condition or operating results.