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Commitments and Contingencies
 9 Months Ended
Sep. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

8. COMMITMENTS AND CONTINGENCIES

 

Commitments

 

Lessee Operating Leases. In August 2017, the Company entered into a lease agreement for office space in Denver, Colorado. The original term of the lease is 65 months; extending until January 2023. At September 30, 2018, the future minimum rental commitments of the lease were $319 thousand. The following table presents the future minimum rental commitments at September 30, 2018, by year (in thousands):

 

Year   Amount  
2018   $ 18  
2019     72  
2020     73  
2021     74  
2022     76  
2023     6  

 

Contingencies

 

From time to time, the Company is party to certain legal actions and claims arising in the ordinary course of business. While the outcome of these events cannot be predicted with certainty, management does not expect these matters to have a materially adverse effect on the Company’s financial position or results of operations.