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Note 6 - Commitments and Contingencies
6 Months Ended
Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

6.

Commitments and Contingencies


On October 17, 2012, Salon signed a new office lease agreement to relocate its San Francisco headquarters to 870 Market Street, Suite 528, San Francisco, California. The three-year lease for approximately 2,405 square feet in space, commenced on December 1, 2012 and will terminate on November 30, 2015.


On October 3, 2012, the Company signed a sublease agreement with a third-party to occupy its existing office space located at 101 Spear Street, Suite 203, San Francisco, California, covering approximately 8,623 square feet. The sublease commenced on December 1, 2012 and will terminate on February 28, 2014. The sublease is co-terminus with existing obligations.


The following summarizes Salon’s office lease commitments and short-term borrowings as of September 30, 2013:


   

Payments Due By Period

   
   

Total

   

1 Year or Less

   

1 - 3 Years

   

3 - 5 Years

   
                                   

Corporate office

  $ 189     $ 86     $ 103     $ -    

San Francisco, net of sublease

    40       40       -       -    

New York

    95       95       -       -    

Los Angeles

    11       11       -       -    

Total operating leases

    335       232       103       -    

Short-term borrowing

    1,000       1,000       -       -    

Interest on short-term borrowing

    236       236       -       -    

Related party advances

    1,641       1,641       -       -    

Total

  $ 3,212     $ 3,109     $ 103     $ -