(13) SUBSEQUENT EVENT

On October 31, 2014, the Company entered into a Lease Termination Agreement (“LTA”) and new Lease Agreement (“LA”) with its landlord relating to the Company’s headquarters location in Lone Tree, Colorado, under which the Company will reduce the amount of space leased at its headquarters. The following is a summary of the key terms of the LTA:

·	Monthly rental payments of $43 from September 1, 2014 through December 31, 2014;

·	The Company vacates the unleased portion property on or before December 31, 2014;

·	The existing lease will terminate as of December 31, 2014;

·	The Company will surrender to the Landlord substantially all of the furniture and fixtures and leasehold improvements in the portion of the building being vacated at no cost to the landlord; and

·	Effective upon termination of the existing lease, all amounts due to the landlord for deferred rent and any other charges will be forgiven.

The following is a summary of the key terms of the new LA:

·	The term of the LA shall be two years to commence on January 1, 2015 and to end, unless sooner terminated on December 31, 2016;

·	Fixed rental payments of $49 per month; and

·	The Company and landlord shall each have the right to terminate the lease at any time, without liability to the other, with six months prior written notice to the Company and three months written notice to the Landlord.

At September 30, 2014, the estimated net book value of the furniture and fixtures that will be surrendered to the landlord was $56. In addition, upon vacating the property in the fourth quarter of 2014, the Company expects to write-off the net book value of its leasehold improvements which amounted to $549 at September 30, 2014. Also, included in the consolidated balance sheet at September 30, 2014 is a liability for deferred rent amounting to $2,845 which will be forgiven upon termination of the existing lease, which is expected to occur in the fourth quarter of 2014.