Note 5 - Operating Leases

12 Months Ended

Dec. 31, 2012

Leases of Lessee Disclosure [Text Block]

Note 5.  Operating Leases

The Company is obligated under non-cancelable lease agreements for the rental of office space and various other lease agreements for the leasing of office equipment.  These operating leases expire at various dates through 2021.  In addition to the minimum base rent, the office space lease agreements provide that the Company shall pay its pro-rata share of real estate taxes and operating costs as defined in the lease agreement.

The Company also leases, pursuant to a services agreement (see Note 11), certain corporate office space.

Future minimum payments under the lease agreements are summarized as follows:

Years Ending December 31,	Amount (in thousands)
2013	$	1,016
2014		889
2015		647
2016		638
2017		554
Thereafter		1,849
	$	5,593

Rent expense totaled approximately $1,299,000 and $1,062,000 for the years ended December 31, 2012 and 2011, respectively.

Effective October 1, 2012, the Company renewed a lease agreement for office space located in Miami, Florida. The lease provides for average monthly rental payments of approximately $12,500 for a period of 2 years.