Subsequent Events

12 Months Ended

Dec. 31, 2014

Subsequent Events

Subsequent Events

15. Subsequent Events

In February 2015, the Company amended its credit facility. Refer to Note 6 herein for further details of the amended credit facility.

In February 2015, the Company amended an office lease for approximately 17,000 square feet in Santa Monica, California, to extend the lease term from June 2016 to December 2025. Additionally, beginning in 2016, the Company will lease approximately 21,000 additional square feet in the building through December 2025. The Company has the option to extend portions of the space, or the entire space, for an additional five year period. The cumulative base rent over the lease term is expected to be approximately $26.0 million.

In March 2015, warrants to purchase 1,433,333 shares of the Company’s common stock were exercised through a net settlement election by a third party marketing firm. The Company issued 959,676 shares of its common stock to the third party marketing firm.

In March 2015, the Company was named as a defendant in a lawsuit filed in the United States District Court in the Southern District of New York. Refer to Note 7 under “Legal Proceedings” herein for further details of the lawsuit.