OTHER COMMITMENTS

3 Months Ended

Mar. 31, 2012

Notes to Financial Statements

Note 7. OTHER COMMITMENTS

Data I/O has purchase obligations for inventory and production costs as well as other obligations such as capital expenditures, service contracts, marketing, and development agreements.  Arrangements are considered purchase obligations if a contract specifies all significant terms, including fixed or minimum quantities to be purchased, a pricing structure and approximate timing of the transaction.  Most arrangements are cancelable without a significant penalty, and with short notice, typically less than 90 days.  At March 31, 2012, the purchase and other obligations totaled $1,120,000 of which all but $7,000 are 2012 commitments.