XML 87 R34.htm IDEA: XBRL DOCUMENT v2.4.0.8
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Contractual Obligations and Future Cash Payments
The company’s contractual obligations that will require future cash payments as of December 31, 2013 are as follows (in thousands):

 
Operating
Leases(1)
 
Non-Cancelable
Employment
Agreements(2)
 
Subtotal
 
Cancelable
License
Agreements(3)
 
Total
2014
$
72

 
$
450

 
$
522

 
$
325

 
$
847

2015
74

 
300

 
374

 
350

 
724

2016
83

 
100

 
183

 
350

 
533

2017
82

 

 
82

 
350

 
432

2018
70

 

 
70

 
6,865

 
6,935

Total
$
381

 
$
850

 
$
1,231

 
$
8,240

 
$
9,471


(1) 
Operating leases are primarily facility and equipment related obligations with third party vendors. Operating lease expenses during the years ended December 31, 2013, 2012, and 2011 were approximately $77,000, $139,000 and $233,000, respectively.
(2) 
Employment agreement obligations include management contracts, as well as scientific advisory board member compensation agreements. Certain agreements, which have been revised from time to time, provide for minimum salary levels, adjusted annually at the discretion of the Compensation Committee, as well as for minimum bonuses that are payable.
(3) 
License agreements generally relate to the company’s obligations with The Board of Regents, University of Texas and Henry Jackson Foundation for our oncology therapies. The company continually assesses the progress of its licensed technology and the progress of its research and development efforts as it relates to its licensed technology and may terminate with notice to the licensor at any time. In the event these licenses are terminated, no amounts will be due.