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Commitments and Contingencies
12 Months Ended
Sep. 30, 2013
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies
(10) Commitments and Contingencies

The Company’s headquarters is located in leased office space under a single non-cancelable operating lease at 7250 Redwood Blvd., Suite 200, in Novato, California. The initial lease was re-negotiated and a lease amendment was signed March 1, 2012 with a new expiration date of March 31, 2014, with one three-year or five-year extension available thereafter. The minimum future rental commitment under this lease as of September 30, 2013 is $168,854 for the remaining term of the lease. The straight-line rent expense is $22,869 per month for the remaining term of the lease.

The Company also has leased office space under a single non-cancelable operating sub-lease at 100 Federal Street, 29th Floor, Boston, Massachusetts 02110. The original sub-lease was re-negotiated and an amendment dated September 24, 2013 with a new expiration date of January 15, 2015, but is subject to earlier termination in the event the prime lease is earlier terminated. The future rental commitment under this lease as of September 30, 2013 is $111,578 for the remaining term of the lease. The straight-line rent expense is $7,695 per month for the remaining term of the lease.

The annual minimum future rental commitments under the lease and sub-lease as of September 30, 2013 and for future fiscal years ending September 30, 2015 are as follows:

 

Fiscal Year

      

2014

     253,499   

2015

     26,933   
  

 

 

 

Total

   $ 280,432