XML 58 R30.htm IDEA: XBRL DOCUMENT v3.3.1.900
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies [Abstract]  
Current Contractual Obligations
CytRx’s current contractual obligations that will require future cash payments are as follows (in thousands):
  
Operating
Leases (1)
  
Employment Agreements (2)
  
Research and Development (3)
  
Total
 
2016
 
$
318
  
$
3,647
  
$
27,940
  
$
31,905
 
2017
  
383
   
1,057
   
8,652
   
10,092
 
  2018
  
363
   
1,057
   
86
   
1,506
 
  2019
  
278
   
   
11
   
289
 
2020
  
59
   
   
   
59
 
  Thereafter
  
   
   
   
 
Total
 
$
1,401
  
$
5,761
  
$
36,689
  
$
43,851
 

____________

(1)
Operating leases are primarily facility lease related obligations, as well as equipment lease obligations with third party vendors. The Company recognized rent expenses of $351,075, $335,991, and $315,134 in 2015, 2014 and 2013, respectively.

(2)
Employment agreements include management contracts which have been revised from time to time. The employment agreement for the Company's executive officers provide for minimum salaries, which are adjusted annually at the discretion of the Company's Compensation Committee, and in some cases provide for minimum annual bonuses, and employee benefits, as well.  New employment agreements for the Company's other executive officers are usually entered into annually or biennially.

(3)
Research and development obligations relate primarily to clinical trials. All of these purchase obligations are cancelable..