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Commitments and Contingencies | 6 Months Ended
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Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | Commitments and Contingencies In March 2014, the Company entered into an office lease (the "Lease") with a publicly owned real estate investment trust, located in Plymouth Meeting, Pennsylvania. The Company occupied the new space in June 2014, however the previous facility was not completely vacated as of June 30, 2015, therefore no cease-use accrual has been recorded. The initial term of the Lease is 11.5 years. The Company plans to use the facility for office purposes. The base rent adjusts periodically throughout the 11.5 year term of the Lease, with monthly payments ranging from $0 to $58,000. In addition, the Company will pay the landlord its share of operating expenses and a property management fee and has paid a security deposit of $49,000. The Company has capitalized $933,000 of tenant improvements within fixed assets on the condensed consolidated balance sheet and has recorded a corresponding increase to deferred rent. In June 2015, the Company amended the lease for its corporate office in San Diego, California to increase the total leased space and occupy the entire building. The amendment requires the lessor to complete and pay for certain improvements to the additional space before the commencement of the amended lease which is estimated to be in the fourth quarter of 2015. The amended lease will increase monthly lease payments by approximately $13,000. The Company's future minimum lease payments under all non-cancelable operating leases as of June 30, 2015 are as follows:
Remainder of 2015 | $ | 387,000 |
2016 | 1,510,000 |
2017 | 1,490,000 |
2018 | 1,457,000 |
2019 | 1,682,000 |
2020 | 1,726,000 |
Thereafter | 6,739,000 |
Total | $ | 14,991,000 |
In the normal course of business, the Company is a party to a variety of agreements pursuant to which they may be obligated to indemnify the other party. It is not possible to predict the maximum potential amount of future payments under these types of agreements due to the conditional nature of our obligations and the unique facts and circumstances involved in each particular agreement. Historically, payments made by us under these types of agreements have not had a material effect on our business, consolidated results of operations or financial condition.

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