Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingent Liabilities

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Commitments and Contingent Liabilities
 3 Months Ended
Jun. 30, 2018
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingent Liabilities

The table below shows approximate lease commitments and other contingent liabilities of the Company as of June 30, 2018:

 

Contractual obligations

   Total     Less than 1 year     2-3 years  
Office leases(1)   $ 8,609     $ 5,568     $ 3,041  
TOTAL   $ 8,609     $ 5,568     $ 3,041  

 

(1) The Company has number of lease agreements for office spaces in different locations. In general, all agreements are made for a one-year period with extension or termination provisions, except three lease agreements with longer lease terms.

 

The Company’s rent expense for office space was $1,086 and $377 for the three months ended June 30, 2018 and 2017, respectively.