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Commitments and Contingencies
9 Months Ended
Sep. 30, 2018
Commitments And Contingencies Disclosure [Abstract]  
Commitments and Contingencies

6.

Commitments and Contingencies

Operating Leases

The Company leases office space in Oakwood Village, Ohio and Mountain View, California under noncancelable operating lease agreements. The Company leases and occupies approximately 19,800 square feet of office space in Oakwood Village, Ohio, which expires on October 31, 2019, with an option to extend the term through October 31, 2021.

In June 2014, the Company entered into an office lease agreement to lease approximately 25,500 square feet of office space located in Mountain View, California, which expires on November 30, 2019. In June 2018, the Company entered into an amendment to extend the term of the lease agreement through July 31, 2025.

In April 2018, the Company entered into a lease agreement to lease approximately 24,600 square feet of additional office space located in Mountain View, California. The lease expires on the seventh anniversary of the commencement date, and the Company has the option to extend the term of the lease for a period of up to five years.

At September 30, 2018, the future minimum payments for the operating leases were as follows (in thousands):

 

Year Ending December 31,

 

Future Minimum

Payments

 

The remainder of 2018

 

$

322

 

2019

 

 

2,039

 

2020

 

 

2,321

 

2021

 

 

2,391

 

2022

 

 

2,463

 

Thereafter

 

 

6,709

 

Total future minimum payments

 

$

16,245

 

Legal Proceedings

In the normal course of business, the Company may become involved in legal proceedings. The Company will accrue a liability for legal proceedings when it is probable that a liability has been incurred and the amount can be reasonably estimated. Significant judgment is required to determine both probability and the estimated amount. When only a range of possible loss can be established, the most probable amount in the range is accrued. If no amount within this range is a better estimate than any other amount within the range, the minimum amount in the range is accrued. At September 30, 2018 and December 31, 2017, the Company was not involved in any material legal proceedings.

Purchase Commitments

At September 30, 2018 and December 31, 2017, the Company had no outstanding firm purchase commitments.