Restructuring charges

12 Months Ended

Dec. 31, 2015

6. Restructuring Charges

In 2014, the Company initiated a realignment of its workforce aimed at achieving greater operational efficiencies. As a result of the realignment, the Company incurred total restructuring charges during the year ended December 31, 2015 of approximately $0.3 million, of which $0.2 million relates to cash expenditures.

The table below sets forth the cash components and activity associated with the realignment of the workforce and business for the year ended December 31, 2015:


	Balance as of						Balance as of
	January 1, 2015		Charges		Cash Payment		December 31, 2015
Severance and benefits	$	195,773	$	218,850	$	414,623	$	—
Legal expenses and other		—		27,952		27,952		—
Total restructuring charges	$	195,773	$	246,802	$	442,575	$	—

The table below sets forth the cash components and activity associated with the realignment of the workforce and business for the year ended December 31, 2014:


	Balance as of						Balance as of
	January 1, 2014		Charges		Cash Payment		December 31, 2014
Severance and benefits	$	—	$	987,994	$	792,221	$	195,773
Legal expenses and other		—		54,373		54,373		—
Total restructuring charges	$	—	$	1,042,367	$	846,594	$	195,773