Accrued Expenses

9 Months Ended

Sep. 30, 2015

Payables and Accruals [Abstract]

Accrued Expenses

Accrued Expenses

Accrued expenses consist of the following:

	(in thousands)
	September 30, 2015		December 31, 2014
Compensation	$	973	$	1,806
Professional fees	301		404
Other expenses	524		123
Other liabilities	20		—
	$	1,818	$	2,333

The Company maintained a balance of legal fees from a law firm of $587,000 which the Company agreed to pay with the issuance of 2,105,982 shares of the Company's common stock. The Company agreed to use the Company's share price of $0.27 as of May 6, 2015 to settle the balance due; however, the Company agreed to pay the difference if the law firm receives less from the sale of the Company's common stock than the balance due within sixty days after the sale of shares is completed. The Company's share price was $0.17 as of September 30, 2015. As a result of the drop in share price, the Company accrued an additional $211,000 which has been included within the accrual for professional fees above.