Note 5. Commitments

The Company conducts its product research and development programs through a combination of internal and collaborative programs that include, among others, arrangements with universities, contract research organizations and clinical research sites. The Company has contractual arrangements with these organizations that are cancelable. The Company’s obligations under these contracts are largely based on services performed.

The Company has a non-cancelable operating lease for approximately 6,000 square feet of office space in Austin, Texas that expires on December 31, 2020. Minimum lease payments as of June 30, 2020 were as follows (in thousands):



For the year ending December 31,
2020			50
Total future minimum lease payments			$ 50
Lease: imputed interest			(5)
Total			$ 45

Building rent expense for the three months ended June 30, 2020 and 2019 totaled $25,000 and $24,000, respectively. Building rent expense for the six months ended June 30, 2020 and 2019 totaled $50,000 and $48,000, respectively. These amounts were equal to the Company’s operating cash outflow from operating leases.