Commitments and Contingencies

12 Months Ended

Dec. 31, 2012

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Commitments and Contingencies

The Company leases office space under a non-cancelable lease agreement, which expires in March 2013. Additionally the Company leases certain equipment under non-cancelable lease agreements, which expire at various dates through May 2015.

At December 31, 2012 minimum annual lease payments for operating leases are approximately as follows:

	Operating Leases
2013	$	126
2014	32
2015	7
Total minimum lease payments	$	165

Expense related to operating leases was approximately $318,000 and $347,000 for the years ended December 31, 2012 and 2011, respectively.

In January 2013, the Company executed an extension of its existing lease agreement for a term of 24-months, expiring on March 31, 2015. In addition to the extension of the lease term, the annual cost per square foot was reduced to $18.50. Rent expense related to the lease extension will be $228,000 in 2013, $304,000 in 2014 and $76,000 in 2015, which is not included in the table above.