Commitments and Contingencies

12 Months Ended

Dec. 31, 2015

13. Commitments and Contingencies

Operating Leases

The Company leases approximately 7,000 square feet of office space in Princeton, NJ. The current term of the lease is for a five year period ending on November 30, 2020. The Company has the right to terminate the lease after November 30, 2018 under certain circumstances as defined in the lease.

Rent expense was $163, $159 and $142 for the years ended December 31, 2015, 2014 and 2013, respectively.

Future minimum annual lease commitments under the noncancelable operating lease in effect as of December 31, 2015 are as follows:

2016	$	162
2017	$	163
2018	$	169
2019	$	170
2020	$	162