COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2013

Commitments And Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

14. COMMITMENTS AND CONTINGENCIES

Leases—The Company leases certain equipment and office space under non-cancelable operating leases. Rent expense under all operating leases was approximately $136,000, $118,000, and $231,000 for the years ended December 31, 2013, 2012 and 2011, respectively.

At December 31, 2013, future approximate minimum annual lease payments under non-cancelable operating leases are as follows:

Years Ending December 31
2014	$	125,000
2015		108,000
2016		72,000
2017		18,000
2018 and thereafter		14,000
Total	$	337,000

Litigation—In the normal course of business, the Company is subject to various regulatory proceedings, lawsuits, claims and other matters. We are not aware of any matters which are more than remote in possibility and in the opinion of the Company’s management, the eventual resolution of such matters for amounts above those reflected in the consolidated financial statements would not have a material adverse effect on the financial condition or results of operations of the Company.