Note 9 – Prepaid and Other Assets

Prepaid and other assets are summarized as follows (dollars in thousands):


		March 31,		December 31,
		2012		2011
Prepaid and other current assets
Prepaid expenses	$	1,389	$	1,168
Prepaid taxes		1,059		781
Deposits		605		605
Note receivable		1,800		--
Other		1,238		1,227
Total prepaid and other current assets	$	6,091	$	3,781

Other non-current assets
Other non-cinema and non-rental real estate assets	$	1,134	$	1,134
Long-term deposits		245		264
Deferred financing costs, net		3,399		3,725
Tenant inducement asset		976		1,064
Straight-line rent asset		2,795		2,776
Mortgage notes receivable		895		851
Total non-current assets	$	9,444	$	9,814

Short Term Note Receivable

On February 29, 2012, we acquired for $1.8 million from the original lender a promissory note which is currently in default and which we believe to be indirectly secured by the 50% membership

interest in the Angelika Film Center, LLC not already owned by our Company. The note was acquired in order to protect our interest in the Angelika Film Center, LLC, with the intention of providing for an orderly satisfaction of the debt evidenced by that promissory note.