COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Operating Leases

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

For the year ending December 31,
2016, (remaining three months)	$	271
2017	781
2018	459
	$	1,511

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

For the year ending December 31,	New York		Menlo Park		Total
2016, (remaining three months)	$	41	$	48	$	89
2017	165		178		343
2018	127		—		127
	$	333	$	226	559