Commitments and Contingencies |
3 Months Ended |
|---|---|
Mar. 31, 2017 | |
| Commitments and Contingencies [Abstract] | |
| Commitments and Contingencies |
Note 5 - Commitments and Contingencies
Litigations, Claims and Assessments
The Company may from time to time be party to litigation and subject to claims incident to the ordinary course of business. As the Company grows and gains prominence in the marketplace it may become party to an increasing number of litigation matters and claims. The outcome of litigation and claims cannot be predicted with certainty, and the resolution of these matters could materially affect the Company’s future results of operations, cash flows or financial position. The Company is not currently a party to any legal proceedings.
Operating Lease
The Company is a party to a lease agreement for a shared laboratory facility leased on a month-to-month basis in Menlo Park, California.
Rent expense was $55,215 and $34,396 for the three months ended March 31, 2017 and 2016, respectively. |