XML 34 R23.htm IDEA: XBRL DOCUMENT

Related Person Transactions	9 Months Ended
Related Person Transactions	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Person Transactions	17. Related Person Transactions Synergy Life Science Partners, L.P. and Synecor, LLC collectively owned approximately 5% and 6% of the Company’s common stock at September 30, 2016 and 2015, respectively. A member of the Company’s Board of Directors is managing partner of Synergy Life Science Partners, L.P. and an executive officer of Synecor, LLC. Various research and development services were purchased by the Company from Synecor LLC and its wholly owned subsidiary Synchrony Labs LLC pursuant to arms’ length terms approved by the Audit Committee and totaled approximately $5,000 and $434,000 for the nine months ended September 30, 2016 and 2015, respectively. On September 18, 2015, TransEnterix Italia entered into a six month service agreement for administrative expenses and rent with SOFAR, a shareholder that owned approximately 13.5% and 15.5% of the Company’s common stock at September 30, 2016 and 2015, respectively. Expenses under this agreement were approximately $162,000 and $0 for the nine months ended September 30, 2016 and 2015, respectively.