Quarterly report pursuant to Section 13 or 15(d)

COMMITMENTS AND CONTINGENCIES

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COMMITMENTS AND CONTINGENCIES
6 Months Ended
Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES
9. COMMITMENTS AND CONTINGENCIES

 

Leases

 

The Company currently leases office space in Lawrence, MA under a month to month lease. Prior to this location, the Company leased office space in Newton MA under a lease that expired July 31, 2016. The Company has no further obligation under that lease. The Company recognized rent expense of $900 and $1,800 during the three and six months ended June 30, 2017, respectively. The Company recognized rent expense of $5,400 and $10,350 during the three and six months ended June 30, 2016, respectively.

 

There are no future minimum lease payments under non-cancelable operating leases as of June 30, 2017.