Quarterly report pursuant to Section 13 or 15(d)

Reduction in Force (Tables)

v2.4.1.9
Reduction in Force (Tables)
 3 Months Ended
Mar. 31, 2015
Restructuring and Related Activities [Abstract]  
Restructuring and related costs
A summary of changes in accrued separation costs during the three-month period ended March 31, 2015 is presented below:
Accrued separation costs, beginning of period
$
449,351

Payments related to May 2014 reduction in force
(405,187
)
Charges incurred with March 2015 reduction in force
1,039,598

Payments related to March 2015 reduction in force
(28,630
)
Accrued separation costs, end of period
$
1,055,132

Schedule of accrued separation costs
The following table summarizes the remaining accrued separation costs, including estimated employer payroll tax obligations, related to the Company's reduction in force, which are included in accrued liabilities and other on the consolidated balance sheet as of March 31, 2015:
 
As of
March 31, 2015
Separation payments, including payroll taxes
$
964,013

Estimated cost of continuing healthcare coverage
91,119

 
$
1,055,132