OTHER COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2016

Commitments and Contingencies Disclosure [Abstract]

Property and Rental Agreements

In March 2014, we signed a lease for offices located in Purchase, New York. The lease is for 3,650 square feet of office space with a monthly cost of approximately $9,277 per month.

In October 2015, pursuant to our acquisition of Bovie Bulgaria, we are obligated to pay $4,333 per month for the lease expiring on December 4, 2021.

The following is a schedule of approximate future minimum lease payments under operating leases as of December 31, 2016:



(In thousands)
2017	$	168
2018	171
2019	114
2020	55
2021	55
Total	$	563

Rent expense for the each year ended December 31, 2016, 2015 and 2014 approximated $0.2 million.

Purchase Commitments

At December 31, 2016, we had purchase commitments for inventories totaling approximately $4.4 million, substantially all of which is expected to be purchased by the end of 2017.