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Related Party Arrangements
12 Months Ended
Dec. 31, 2013
Related Party Arrangements

(6) Related Party Arrangements

Transactions with the Company’s President and Chief Executive Officer

The Company has entered into unrestricted research grants with its President and Chief Executive Officer’s academic research laboratory at the University of Colorado, or the Lab. Funding of any unrestricted research grants is contingent upon the Company’s financial condition, and can be deferred or terminated at the Company’s discretion. Total expense under these arrangements for the years ended December 31, 2013 and 2012 was $297,000 and $63,000 respectively, and $1.8 million from Inception through December 31, 2013.