Related Party Transaction
|3 Months Ended|
Mar. 31, 2016
|Related Party Transactions [Abstract]|
|Related Party Transaction||
6. RELATED PARTY TRANSACTION
In January 2016, Scott Cormack, our Chief Executive Officer, married Michelle Griffin, a consultant to us. For the three months ended March 31, 2016, we paid Ms. Griffin approximately $0.2 million, for consulting services pursuant to a consulting agreement entered into in 2013 and amended thereafter. We also granted Ms. Griffin options to purchase 135,000 shares of common stock in 2016. In addition, pursuant to the consulting agreement with Ms. Griffin, as at March 31, 2016, we had an accrued termination liability of approximately $0.4 million.
The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.
Reference 1: http://www.xbrl.org/2003/role/presentationRef