XML 76 R16.htm IDEA: XBRL DOCUMENT v2.4.1.9
Commitments and Contingencies
12 Months Ended
Dec. 31, 2014
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

NOTE 9 – COMMITMENTS AND CONTINGENCIES

Sangamo occupies office and laboratory space under operating leases in Richmond, California. In August 2013, Sangamo amended its lease agreement wherein the lease was extended through August 2019. The Company also entered into a lease for research space located at 1003 West Cutting Boulevard in Richmond, California in December 2014. The lease expires in January 2018. Rent expenses were $0.7 million in 2014, $0.7 million in 2013, and $0.6 million for 2012. Future minimum payments under contractual obligations at December 31, 2014 consist of the following (in thousands):

 

 

 

 

Operating

 

Fiscal Year:

 

Lease

 

2015

 

$

865

 

2016

 

 

901

 

2017

 

 

928

 

2018

 

 

748

 

2019

 

 

496

 

Thereafter

 

 

 

Total minimum payments

 

$

3,938

 

 

Contingencies

Sangamo is not party to any material pending legal proceeding. From time to time, we may be involved in legal proceedings arising in the ordinary course of business