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NOTE 13 - SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2013
Subsequent Events [Abstract]  
NOTE 13 - SUBSEQUENT EVENTS

NOTE 13 – SUBSEQUENT EVENTS

We took restructuring actions in April 2013 to reduce our excess office space and eliminate certain job positions.  The positions eliminated will allow us to have the flexibility to add other critical positions or change fixed to variable costs through outsourcing. 

 

The restructuring charges associated with these actions are expected to be approximately $195,000 for personnel severance related costs; and to be approximately $330,000 for lease abandonment space.  These restructuring charges will be recorded in the second quarter of 2013; however the $330,000 related to lease abandonments will continue to be paid over the term of the leases unless the applicable leases are renegotiated with the landlords or costs are partially offset by unanticipated subleases.