Note 4 - Other Assets

12 Months Ended

Dec. 31, 2012

Other Assets Disclosure [Text Block]

NOTE 4 – OTHER ASSETS

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

	December 31,
	2012		2011
Deferred loan costs, net	$	81	$	148
Prepaid rent and option payments		68		31
Security deposits		133		7
	$	282	$	186

 Deferred loan costs consist of legal and other fees incurred to obtain debt financing.  Amortization of deferred loan costs was approximately $108,000, $72,000, and $42,000 in 2012, 2011 and 2010, respectively.  Prepaid fees consist of rental fees incurred to obtain the right-of-way for the Water Project, as well as cash payments related to the extension of an option agreement with El Paso Natural Gas to purchase an underground natural gas pipeline.    Amortization of prepaid fees was approximately $1,088,000, $136,000 and $132,000 in 2012, 2011 and 2010, respectively.