Operating and Capital Leases |
6 Months Ended | ||||||||||||||||||||
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Jun. 30, 2015 | |||||||||||||||||||||
| Operating and Capital Leases [Abstract] | |||||||||||||||||||||
| Operating and Capital Leases |
7. Operating and Capital Leases
On November 29, 2011, the Company entered into an operating lease agreement for its headquarters and manufacturing facility in Richmond, California. The lease term commenced in March 2012 and expires in May 2017. The lease provides the Company with one option to renew for five additional years. The Company also leases nominal office equipment.
Future minimum operating lease payments are as follows as of June 30, 2015:
The Company also has a capital lease for the purchase of machinery and equipment with a balance of $11 and $13 as of June 30, 2015, and December 31, 2014, respectively, which is classified as a component of Notes payable, non-current (see Note 6, Notes Payable).
Rent expense under the Company's operating leases was $86 and $86 for the three month periods ended June 30, 2015, and 2014, respectively and was $172 and $171 for the six month period ended June 30, 2015, and 2014, respectively. |
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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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