OTHER COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Dec. 31, 2012

OTHER COMMITMENTS AND CONTINGENCIES [Abstract]

Future minimum lease payments under operating leases

The following is a schedule of approximate future minimum lease payments under operating leases as of December 31, 2012 (in thousands):

2013	$	228
2014		12
2015		--
Total	$	240

Approximate future minimum payments under employment agreements

At December 31, 2012, we were obligated under three employment agreements which have expiration dates between June 2014 and December 2015. Approximate future minimum payments under these agreements are as follows as of December 31, 2012 (in thousands):

2013	$	966
2014		786
2015		725
Total	$	2,477