9. Leases

12 Months Ended

Dec. 31, 2012

Notes

9. Leases

9. LEASES

                In the United Kingdom, the Company leases a facility in Banbury, England for approximately $19,000 per month, which serves sales, warehousing and operational functions.  The lease in Banbury was effective April 1, 2006 and has a 15-year term ending in March of 2021.  There was an option to terminate in December of 2012, which passed with no action, and another option to terminate the lease in December of 2017.  Termination in 2017 requires a penalty of 2 months rentals, or approximately $38,000.  The Company’s current intention is to utilize the facility for the 15 years.

In the United States, in 2012 and 2011, the Company leased office space in Middletown, CT for approximately $8,000 a month.

In addition to property rentals, the Company also leases several automobiles, which are included in the rent expense and operating lease details below.

Rent expense for operating leases was approximately $325,000 and $308,000 for the years ended December 31, 2012, and 2011, respectively.

Present value of future minimum lease payments under non-cancelable leases as of December 31, 2012 is as follows:

Year Ending December 31,	Operating Leases
	(in thousands)
2013	$ 439
2014	376
2015	352
2016	335
2017	285
Thereafter	763
Total Minimum Lease Payments	$ 2,550