COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Leases

Sublease income is recorded as a reduction in rental expense. Future minimum lease payments to be received under the sublease agreements as of June 30, 2016 are as follows (in thousands):

For the year ending December 31,	New York		Menlo Park		Total
2016, (remaining six months)	81		95		176
2017	165		178		343
2018	127		—		127
	$	373	$	273	646

The following table sets forth the Company’s aggregate future minimum payments under its operating lease commitments as of June 30, 2016 (in thousands):

For the year ending December 31,
2016, (remaining six months)	396
2017	781
2018	459
	$	1,636