Restricted Cash

6 Months Ended

Jun. 30, 2012

Restricted Cash [Abstract]

RESTRICTED CASH

3. RESTRICTED CASH

Restricted cash of $660,000 represents $315,000 of security deposits related to the Company’s credit card accounts, a $50,000 minimum balance in a checking account that is required as part of a loan agreement, and a $295,000 cash account securing a standby letter of credit in favor of a landlord (see Note 5). This letter of credit expires December 22, 2012 and may be extended through July 31, 2023.