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COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands |  |  | 3 Months Ended | 9 Months Ended |
--- | --- | --- | --- | --- | ---
Jul. 09, 2014 | Apr. 04, 2011 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015 | Dec. 31, 2015
Commitments and contingencies |  |  |  |  |  |  |
Long-term lease obligations |  |  | $ 1,688 |  | $ 1,688 |  | $ 1,149
Gain related to previous lease liability settlement, included in rent expense |  |  | (116) |  | (116) |  |
Lease agreement entered into April 2011 |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Lease term |  | 7 years |  |  |  |  |
Obligation of sublessor towards the cost of alterations of office space | $ 472 |  |  |  |  |  |
Long-term lease obligations |  |  | 1,688 |  | 1,688 |  | $ 1,149
Rent expense |  |  | 452 | $ 452 | 1,356 | $ 1,356 |
Future minimum rental payments |  |  |  |  |  |  |
Remainder of 2016 |  |  | 269 |  | 269 |  |
2017 |  |  | 1,076 |  | 1,076 |  |
2018 |  |  | 916 |  | 916 |  |
2019 |  |  | 2,230 |  | 2,230 |  |
2020 |  |  | 2,230 |  | 2,230 |  |
Remaining term of the lease |  |  | 11,130 |  | 11,130 |  |
Lease agreement entered into April 2011 | Period from October 1, 2018 to April 30, 2023 |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Monthly rental payment |  |  | 186 |  | 186 |  |
Lease agreement entered into April 2011 | Period from May 1, 2023 to September 30, 2025 |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Monthly rental payment |  |  | 204 |  | 204 |  |
Lease agreement entered into April 2011 | Period during June 1, 2011 to September 30, 2025 |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Monthly straight-line rental expense | $ 130 |  |  |  |  |  |
Lease agreement entered into April 2011 | Period During July 9, 2014 To September 30, 2025 |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Monthly straight-line rental expense |  |  | 150 |  | 150 |  |
Sub Sublease Agreement | Period until May 31, 2015 |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Monthly rental payment |  |  | 82 |  | 82 |  |
Sub Sublease Agreement | Period from May 31, 2015 until April 30, 2018 |  |  |  |  |  |  |
Commitments and contingencies |  |  |  |  |  |  |
Monthly rental payment |  |  | $ 90 |  | $ 90 |  |

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- Definition For a classified balance sheet, the cumulative difference between the rental income or payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense, by the lessor or lessee, respectively, more than one year after the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.26(c)) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=7501430&loc=d3e39927-112707 + Details
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