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NOTE 5 - BUSINESS RESTRUCTURING

3 Months Ended

Mar. 31, 2013

Restructuring and Related Activities [Abstract]

NOTE 5 – BUSINESS RESTRUCTURING

As a result of the business downturn we experienced this past year and the uncertain business outlook at that time, we took restructuring actions in September 2012 to reduce quarterly operating expenses and production costs. These actions included reductions in personnel and the use of contractors, professionals, and consultants, as well as focusing our development efforts on a smaller number of projects.

The restructuring charge associated with these actions was $207,000 and was primarily related to severance. The restructuring charge was incurred in the third quarter of 2012 and was completed and has been fully paid out in the first quarter of 2013.

An analysis of the business restructuring is as follows:

	Reserve Balance Dec 31, 2011	2012 Expense	2012 Payments/ Write-Offs	Reserve Balance Dec 31, 2012	2013 Expense	2013 Payments/ Write-Offs	Reserve Balance Mar 31, 2013
(in thousands)
Downsizing US operations:
Employee severance	$0	$103	$103	$0	$0	$0	$0
Other costs	-	4	4	-	-	-	-
Downsizing foreign operations:
Employee severance	-	57	32	25	-	25	-
Other costs	-	43	43	-	-	-	-
Total	$0	$207	$182	$25	$0	$25	$0

- Definition

Tabular disclosure of restructuring and related costs by type of restructuring including the description of the restructuring costs, such as the expected cost; the costs incurred during the period; the cumulative costs incurred as of the balance sheet date; the income statement caption within which the restructuring charges recognized for the period are included; and changes to an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost.

+ References+ Details