Commitments and Contingencies |
9 Months Ended |
|---|---|
Sep. 30, 2017 | |
| Notes to Financial Statements | |
| Note 4. Commitments and Contingencies |
Litigation
A former Chief Financial Officer of the Company filed a complaint against the Company with the U.S. Occupational Safety and Health Administration (the OSHA Complaint) on March 9, 2015.
The OSHA Complaint alleges that the Company unlawfully retaliated against the former Chief Financial Officer for challenging allegedly improper actions of the Company by making allegedly defamatory statements and terminating him from his employment with the Company. The former Chief Financial Officers demand for damages is for back pay, front pay, and special damages.
The Company believes that all of the above claims by the former Chief Financial Officer are without merit and intends to vigorously defend itself.
Sublease
In September 2017 we were notified by the sublease tenant that as of October 2017, due to their weak financial condition, they would no longer be able to make the required monthly sublease payments over the remaining term of the sublease. Accordingly, we recognized an additional abandonment loss of approximately $100,000 in general and administrative expenses in the condensed consolidated statements of operations for the three and nine months ended September 30, 2017. |