XML 61 R33.htm IDEA: XBRL DOCUMENT v3.6.0.2
Commitments and Contingencies (Tables)
12 Months Ended
Dec. 31, 2016
Commitments and Contingencies [Abstract]  
Current Contractual Obligations
CytRx's current contractual obligations that will require future cash payments are as follows (in thousands):
  
Operating Leases
(1)
  
Employment Agreements
(2)
  
Research and Development (3)
  
Total
 
2017
 
$
397
  
$
3,257
  
$
19,325
  
$
22,979
 
2018
  
373
   
1,682
   
47
   
2,102
 
  2019
  
278
   
1,057
   
37
   
1,372
 
  2020
  
59
   
1,057
   
   
1,116
 
2021
  
   
1,057
   
   
1,057
 
  Thereafter
  
   
   
   
 
Total
 
$
1,107
  
$
8,110
  
$
19,409
  
$
8,626
 
____________
  
(1)
Operating leases are primarily facility lease related obligations, as well as equipment lease obligations with third party vendors. The Company recognized rent expenses of $358,247, $351,075, and $335,991 in 2016, 2015 and 2014, respectively.
  
(2)
Employment agreements include management contracts which have been revised from time to time. The employment agreement for the Company's executive officers provide for minimum salaries, which are adjusted annually at the discretion of the Company's Compensation Committee, and in some cases provide for minimum annual bonuses and employee benefits, as well.  New employment agreements for the Company's other executive officers are usually entered into annually or biennially.
  
(3)
Research and development obligations relate primarily to clinical trials. All of these purchase obligations are cancelable.