Note 4 - Other Assets

12 Months Ended

Dec. 31, 2011

Other Assets Disclosure [Text Block]

NOTE 4 – OTHER ASSETS

Other assets consist of the following (dollars in thousands):

	December 31,
	2011		2010
Deferred loan costs, net	$	148	$	251
Prepaid rent		31		-
Security deposits		7		70
	$	186	$	321

Deferred loan costs consist of legal and other fees incurred to obtain debt financing.  Amortization of deferred loan costs was approximately $72,000, $42,000, and $56,000 in 2011, 2010 and 2009, respectively.  Prepaid rent consists of rental and other fees incurred to obtain the right-of-way for the Water Project water conveyance pipeline, as discussed in Note 1, “Description of Business”.  Amortization of prepaid rent was approximately $136,000, $32,000 and $194,000 in 2011, 2010 and 2009, respectively.