Accrued Expenses

6 Months Ended

Jun. 30, 2017

Accrued Liabilities, Current [Abstract]

Accrued Expenses

5. Accrued Expenses

Accrued expenses consist of the following:

	June 30,  2017		December 31,  2016
		(Unaudited)
Offering costs(1)	$	232	$	227
Compensation(2)		1,821		1,481
Board of directors fees(3)		134		191
Miscellaneous accruals		414		286
Total accrued expenses	$	2,601	$	2,185

(1) Accumulated offering costs 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 agreed to further delay and continue to accrue these amounts and increase the balance owed by 1% per month beginning January 1, 2017 to be paid no later than January 1, 2018.

(2) Three employees agreed to further defer amounts accrued to them as of December 31, 2016. The Company agreed to further delay and continue to accrue these amounts and increase the balance owed by 1% per month beginning January 1, 2017 to be paid no later than January 1, 2018.

(3) Two members of the Company’s board of directors agreed to further defer fees earned from August 2016 to July 2017. The Company agreed to further delay and continue to accrue these amounts and increase the balance owed by 1% per month beginning January 1, 2017 to be paid no later than January 1, 2018.