Commitments and Contingencies |
9 Months Ended | |
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Sep. 30, 2016 | ||
| Commitments and Contingencies Disclosure [Text Block] |
Note 7. Commitments and Contingencies
Operating Leases
The Company does not own any real property. Alliance’s principal executive and administrative offices are temporarily located at an office complex in New York, New York, which includes approximately twenty thousand square feet of shared office space and services that are being leased. The lease has a one-year term that commenced on December 1, 2015, and allows for the limited use of private offices, conference rooms, mail handling, videoconferencing, and certain other business services. There is a single Target Company lease that was assumed which is renewable monthly at market rates and will be terminable with 30 days notice.
Contingencies
In the normal course of business or otherwise, the Company may become involved in legal proceedings. The Company will accrue a liability for such matters when it is probable that a liability has been incurred and the amount can be reasonably estimated. When only a range of possible loss can be established, the most probable amount in the range is accrued. If no amount within this range is a better estimate than any other amount within the range, the minimum amount in the range is accrued. The accrual for a litigation loss contingency might include, for example, estimates of potential damages, outside legal fees and other directly related costs expected to be incurred. As of September 30, 2016 and December 31, 2015, the Company was not involved in any legal proceedings.
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