research and development expenses were $10.8 million for the nine months ending September 30, 2018 and $26.6 million, $25.5, million
and $17.3 million for the years ended December 31, 2017, 2016, and 2015 respectively.
entered into a sublease agreement for Asterias’ Fremont office and research facility on September 28, 2018. This sublease
initially consists with approximately of a total of 31,373 square feet of space of which 16,452 square feet of space is for the
exclusive use of Asterias and 14,921 square feet of space that will be shared with the sublessor. The leased facilities are being
used by Asterias as a combined office and research facility. Under the terms of the sublease, the initial monthly rent for the
subleased space is $67,814. As a result of the sublease, Asterias expects to lower its facilities related costs over the next
several years by approximately $1.0 million annually. The sublease expires on December 31, 2021. Asterias may terminate the sublease,
with no penalty, prior to its expiration upon three months prior written notice.
time to time, Asterias may be involved in routine litigation incidental to the conduct of Asterias’ business. Asterias is
not presently involved in any material litigation or proceedings, and to Asterias’ knowledge no such litigation or proceedings