Commitments

12 Months Ended

Dec. 31, 2012

Commitments [Abstract]

Commitments

15.   Commitments

Contractual Arrangements

 

The Company has entered into operating lease agreements for facility space and equipment, and employment agreements with our Vice President of Sales for Europe, Middle East and Africa and for some key employees acquired with Surgical Biologics.  In addition, the Company has minimum royalty payments due in conjunction with one of its licenses.

The estimated annual lease, royalty, and employment agreement expenses are as follows:

Year ended December 31,
2013	$	423,206
2014		204,700
Thereafter		542,021
	$	1,169,927

Rent expense on all operating leases for the years ended December 31, 2012 and 2011, respectively, was approximately $528,000 and $533,000.