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ACCRUED EXPENSES
12 Months Ended
Dec. 31, 2011
ACCRUED EXPENSES
10. ACCRUED EXPENSES

 

Accrued expenses consist of the following (all amounts in thousands):

 

    2011     2010  
Payroll   $ 1,192     $ 1,600  
Interest     187       166  
Professional fees     328       148  
Related party payable (1)     36        
Other     436       448  
    $ 2,179     $ 2,362  

 

 

(1) In conjunction with the acquisition of CTS, we agreed to assume CTS’ monthly lease and utility payments for building space that CTS leased from the seller. This building space is not utilized by us. We are required to pay these costs until the building is sold, but no later than December 2014. We estimate these monthly payments to be approximately $3,000 per month and we estimate the building will be sold in December 2012, therefore we have estimated the liability as of December 31, 2011 to be $36,000.