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Commitments and Contingencies
12 Months Ended
Dec. 31, 2020
Commitments and Contingencies  
Commitments and Contingencies

9.    Commitments and Contingencies

General

Please refer to Note 3 — Significant Contracts for further discussion of certain of the Company’s commitments and contingencies.

Leases

In October 2000, the Company entered into a twenty-five year lease for its research and development facility in Dundee, Scotland. In August 2020, the Company extended for a further two years, the lease for its corporate headquarters facility in Berkeley Heights, New Jersey.

Rent expense, which includes lease payments related to the Company’s research and development facilities and corporate headquarters and other rent related expenses was $0.4 million each of the years ended December 31, 2019 and 2020.

The following is a summary of the Company’s future contractual obligations and commitments relating to its facilities leases as at December 31, 2020 (in thousands):

 

 

 

 

 

 

    

Operating Lease

 

 

Obligation

2021

 

$

414

2022

 

 

386

2023

 

 

348

2024

 

 

345

2025

 

 

278

thereafter

 

 

 —

Total future minimum lease obligations

 

$

1,771