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Commitments and Contingencies (Tables)
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Mar. 31, 2014
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| Summary of Future Minimum Lease Payments and Rentals under Lease Agreements |
In March 2014, the Company entered into a lease agreement for additional office space. The lease commences on May 1, 2014 and expires July 31, 2019. The lease is subject to escalation clauses and provides for a rent-free period of 3 months. Monthly rent expense will be $5. The Company paid a refundable security deposit of $3. Future minimum lease payments and rentals under lease agreements which expire through 2019 are as follows:
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- Definition
Tabular disclosure of future minimum payments required in the aggregate and for each of the five succeeding fiscal years for operating leases having initial or remaining noncancelable lease terms in excess of one year and the total minimum rentals to be received in the future under noncancelable subleases as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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