Annual report pursuant to Section 13 and 15(d)

Commitments and Contingencies

v3.3.1.900
Commitments and Contingencies
12 Months Ended
Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies

13.      Commitments and Contingencies

 

Lease commitments

 

On October 10, 2014, the Company entered into an operating lease for its current Oakland facility through April 2018. The future minimum payments related to this lease are as follows as of December 31, 2015:

 

2016   $ 38,000  
2017     39,200  
2018     13,200  
Total minimum lease payments   $ 90,400  

  

During the year ended December 31, 2015 and the period from inception (June 20, 2014) through December 31, 2014, the Company has incurred total rent expense related to this lease, including facility fees, of $38,105 and 42,500, respectively.

 

See note 10 for lease commitments associated with our Alameda Facility. 

 

Legal proceedings

 

The Company is not subject to any legal proceedings as of December 31, 2015.