Leases |
6 Months Ended |
|---|---|
Jun. 30, 2016 | |
| Leases [Abstract] | |
| Leases |
NOTE 12 LEASES
Hawaii Research Center
The Company entered into a lease for laboratory and office space on May 9, 2006. This lease was amended on September 7, 2011, and October 30, 2012. This lease expired on October 31, 2014, after which the terms converted to month-to-month. The Company vacated the space in February 2015. Total rent expense under this agreement as amended was $3,437 for the three and six-months ended June 30, 2016, and $759 and $12,112, for the three and six-months ended June 30, 2015, respectively. The $759 of rent expense for the three-months ended June 30, 2015 was related to the write off of the non-refunded portion of their security deposit, and the $3,437 of rent expense for the three and six-months ended June 30, 2016 was related to common area maintenance reconciliation.
Manoa Innovation Center
The Company entered into an automatically renewable month-to-month lease for office space on August 13, 2010. Under the terms of this lease, the Company must provide a written notice 45 days prior to vacating the premises. Total rent expense under this agreement as amended was $7,927 and $15,854, for the three and six-months ended June 30, 2016, respectively, and $7,914 and $15,828, for the three and six-months ended June 30 2015, respectively. |