Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2018

Commitments and Contingencies Disclosure [Abstract]

Schedule of 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)		Total
2019	$	416	$	1,457	$	1,873
2020		163		1,057		1,220
2021		—		1,057		1,057
2022		—		—		—
2023		—		—		—
Thereafter		—		—		—
Total	$	579	$	3,571	$	4,150

(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 $276,450 and $271,332 in 2018 and 2017, respectively in the continuing operations. The Company recognized rent expenses of $136,684 and $148,774 in 2018 and 2017, respectively in the discontinued operations.

(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.