Commitments and Contingencies

12 Months Ended

Dec. 31, 2013

Commitments and Contingencies [Abstract]

Commitments and Contingencies

14. Commitments and Contingencies

Operating Lease Commitments

The Company has entered into property and equipment leasing arrangements that expire at various times through April 2017, with optional renewal periods. Lease payments range from $1,000 to $27,000 per month and may require additional rent to cover a proportionate share of taxes, maintenance, insurance and other shared expenses. Rents are generally increased annually by fixed amounts, subject to certain maximum amounts defined within individual agreements. Rent expenses under these operating leases for the years ended December 31, 2013 and 2012 were approximately $767,000 and $808,000, respectively. Future minimum payments by year (excluding related party leases) required under lease obligations consist of the following for fiscal years ending December 31:

					Less
	Property		Equipment		Property			Net Lease
	Leases		Leases		Sublease			Total
2014	$	657,000	$	41,000	$	(23,600	)	$	674,400
2015		472,000		30,000		(23,600	)		478,400
2016		386,000		24,000		(11,800	)		398,200
2017		320,000		10,000		-			330,000
2018		417,000		-		-			417,000
Thereafter		-		-		-			-
Total	$	2,252,000	$	105,000	$	(59,000	)	$	2,298,000

Employment Agreements

The Company has employment agreements with certain executives that set forth compensation levels and provide for severance payments in certain instances.

Litigation

The Company is not involved in any material legal proceedings.