Common use of COMMITMENTS AND CONTINGENCIES Clause in Contracts

COMMITMENTS AND CONTINGENCIES. As of December 31, 2014, future minimum payments under all operating leases, net of related subleases, are as follows (in thousands): Capital Operating Lease Leases Total Years ending December 31, 2015 $ 87 $ 81 $ 168 2017 — — — 2018 — — — Total minimum net payments $ 87 $ 81 $ 168 Less: amount representing interest — Present value of net minimum payments 87 Less: current portion (87 ) Long-term portion of capital lease obligations $ — Operating Leases In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expired on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expired in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in July 2015. The Company terminated its lease and closed its Canadian office in Kitchener in August 2013. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2014. Rent expense under all operating leases was $0.1 million and $0.2 million for the years ended December 2014, and 2013, respectively.

Appears in 2 contracts

Samples: LookSmart Group, Inc., LookSmart Group, Inc.

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COMMITMENTS AND CONTINGENCIES. As of December 31, 2014, future minimum payments under all operating leases, net of related subleases, are as follows (in thousands): Capital Operating Lease Leases Total Years ending December 31, 2015 $ 87 $ 81 $ 168 2016 - - - 2017 — — — - - - 2018 — — — - - - Total minimum net payments $ 87 $ 81 $ 168 Less: amount representing interest - Present value of net minimum payments 87 Less: current portion (87 ) Long-term portion of capital lease obligations $ - Operating Leases In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expired on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expired in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in July 2015. The Company terminated its lease and closed its Canadian office in Kitchener in August 2013. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2014. Rent expense under all operating leases was $0.1 million and $0.2 million for the years ended December 2014, and 2013, respectively.

Appears in 2 contracts

Samples: LookSmart Group, Inc., Looksmart LTD

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COMMITMENTS AND CONTINGENCIES. As of December 31, 2014, future minimum payments under all operating leases, net of related subleases, are as follows (in thousands): Capital Operating Lease Leases Total Years ending December 31, 2015 $ 87 $ 81 $ 168 2016 — — — 2017 — — — 2018 — — — Total minimum net payments $ 87 $ 81 $ 168 Less: amount representing interest — Present value of net minimum payments 87 Less: current portion (87 ) Long-term portion of capital lease obligations $ — Operating Leases In August 2009, the Company entered into an agreement to sublease office space for its headquarters in San Francisco, California, under an operating lease that commenced in November 2009 and expired on December 30, 2014. In July 2012, the Company entered into an agreement to sublease this subleased office space under terms generally equivalent to its existing commitment for a term that commenced in August 2012 and expired in December 2014. In August 2013, the Company leased office space of approximately 2,341 square feet for its corporate office in San Francisco, California under a five year lease that commenced in September 2014 and expires on August 31, 2018. On October 15, 2014, the Company terminated this lease, closed the office and was released from all obligations under this lease. The Company leases office space in Los Angeles, California of approximately of 4,803 square feet. The lease expires in July 2015. The Company terminated its lease and closed its Canadian office in Kitchener in August 2013. The Company entered into a 30-month operating lease agreement for various network operating equipment beginning in the fourth quarter of 2014. Rent expense under all operating leases was $0.1 million and $0.2 million for the years ended December 2014, and 2013, respectively.

Appears in 1 contract

Samples: LookSmart Group, Inc.

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