Subsequent Events

12 Months Ended

Dec. 31, 2013

Subsequent Events

11. Subsequent Events

On April 12, 2013, the Company caused to be issued a cash collateralized bank letter of credit in the amount of $.2 million with an original expiration date of April 15, 2014, to guarantee payments on an office lease obtained by Three Lions. This expiration date is subject to a 30-day notice to terminate from the Company to Three Lions. If the Company does not provide such 30-day notice, the guarantee by the Company will continue beyond April 15, 2014, although the Company may terminate any time after this date provided it gives a 30-day notice to terminate to Three Lions. Because the Company did not provide a notice to terminate to Three Lions by March 16, 2014, the guarantee provided by the Company is expected to continue beyond April 15, 2014. The Company considers this to be a non-recognized subsequent event.