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Accrued Expenses
6 Months Ended
Jun. 30, 2016
Accrued Liabilities, Current [Abstract]  
Accrued Expenses
5. Accrued Expenses

 

Accrued expenses consist of the following:

 

    June 30, 
2016
    December 31, 
2015
 
             
Offering Costs   $ 227     $ 227  
Compensation     1,436       1,093  
Miscellaneous Accruals     520       997  
Total Accrued Expenses   $ 2,183     $ 2,317  

 

The accumulated offering costs that were accrued pertain to consulting fees associated with securing equity financing for the Company prior to the initial public offering. Prior to becoming Chief Executive Officer (“CEO”), the Company’s current CEO performed consulting services for the Company, which included managing finance, sales, marketing, operational and strategic planning for the Company, as well as assistance and strategic guidance in securing financing. The Company has agreed to a payment date of December 31, 2016 for these fees.