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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2014
Commitments And Contingencies Disclosure [Abstract]  
Schedule of Contractual Obligations and Commitments

Contractual obligations and commitments as of June 30, 2014 were as follows:

 

     Payment Due for the Year Ending
December 31,
               
     2014      2015      2016      2017      2018      Thereafter      Total  

Operating lease (1)

   $ 430       $ 886       $ 913       $ 740       $ —         $ —         $ 2,969   

Employment agreements (2)

     476         952         952         952         952         —           4,284   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total

   $ 906       $ 1,838       $ 1,865       $ 1,692       $ 952       $ —         $ 7,253   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

 

(1) The Company leases its operating facility located in Shelton, Connecticut.
(2) Effective January 2014, the Company entered into employment agreements with three of its executive officers. Each such employment agreement has a term of four years and is renewable on the same terms for one additional year unless the executive officer party to such agreement notifies the Company in writing not to renew. Under these employment agreements, each executive officer is eligible for severance benefits in specified circumstances, including 6 to 12 months of salary.