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Restructuring
6 Months Ended
Jun. 30, 2015
Restructuring [Abstract]  
RESTRUCTURING

NOTE 7: RESTRUCTURING

 

During the three months ended September 30, 2014, we took restructuring actions to lower our cost structure by reducing our headcount. We incurred restructuring expenses for termination costs, $582 of which were including in selling, general and administrative expenses on the statement of operations. As of June 30, 2015, $218 of the accrued expense has been paid.

 

On April 13, 2015, we entered into a separation agreement and release with our former Chief Executive Officer, Paul Price. The agreement includes severance payments of $464 (including cost of maintaining benefits) which has been accrued as of June 30, 2015. In addition, the agreement provided for accelerated option vesting on 938,537 of the outstanding options. See Note 11 for details.