Quarterly report pursuant to Section 13 or 15(d)

Lease Commitments

v3.5.0.2
Lease Commitments
9 Months Ended
Sep. 30, 2016
Leases [Abstract]  
Lease Commitments
Lease Commitments

We lease our laboratory, research facility and administrative office space under various operating leases. In June 2016, we amended the lease for our Los Angeles, California location. The term of the updated lease is 18 months, expires December 31, 2017, requires monthly payments of approximately $54,000 and reduces our facilities in this location to 19,100 square feet.

Minimum future lease payments under all capital and operating leases as of September 30, 2016 are as follows (in thousands):
 
 
 
Capital
Leases
 
Operating
Leases
 
Total
2016 (remaining 3 months)
 
 
$
24

 
$
396

 
$
420

2017
 
 
78

 
1,589

 
$
1,667

2018
 
 
75

 
397

 
$
472

2019
 
 
70

 
342

 
$
412

2020
 
 
59

 
135

 
$
194

Thereafter
 
 
25

 

 
$
25

Total minimum lease payments
 
 
331

 
$
2,859

 
$
3,190

Less amount representing interest
 
 
34

 
 
 
 
Present value of net minimum obligations
 
 
297

 
 
 
 
Less current obligation under capital lease
 
 
69

 
 
 
 
Long-term obligation under capital lease
 
 
$
228