Commitments and Contingencies

6 Months Ended

Jun. 30, 2017

Commitments And Contingencies Disclosure [Abstract]

8. Commitments and Contingencies

On July 7, 2015, the Company entered into a Sublease (the “Sublease”) for approximately 7,049 rentable square feet of space located at 12340 El Camino Real, Suite 250, San Diego, California 92130 (the “Premises”).

Under the Sublease, the Company is responsible for certain charges for common area maintenance and other costs, and the Sublease provides for abatement of rent during certain periods and escalating rent payments throughout the term of the Sublease. Rent expense is being recorded on a straight line basis over the life of the Sublease and the difference between the rent expense and rent paid is being recorded as deferred rent.

Rent expense was $59,389 and $63,010 for the three months ended June 30, 2017 and 2016, respectively. Rent expense was $121,762 and $126,021 for the six months ended June 30, 2017 and 2016, respectively.

Future minimum payments pursuant to the Sublease are as follows:

As of June 30, 2017:
2017 (July 2017 - December 2017)	$	104,696
2018		190,337
Total minimum lease payments	$	295,033