Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

As of December 31, 2014, there were no notes payable, purchase commitments or capital leases.

On March 15, 2013, the Company entered into a lease for office space in San Diego, California, covering approximately 1,954 square feet. On March 21, 2014, the Company entered into a lease amendment for additional office space in the same building, covering an additional 1,759 square feet. The Company now leases a total of 3,713 square feet of office space. The lease term is through March 2018.

Total rental expense for facilities and equipment was $176,000 and $84,000 for the years ended December 31, 2014 and 2013, respectively.

Future minimum lease payments under these non-cancelable operating lease agreements are as follows as of December 31, 2014 (in thousands):



Year Ended December 31,	Minimum Payments
2015	$	132
2016	138
2017	144
2018	36
Total minimum payments	$	450

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details