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9. Reduction In Force
12 Months Ended
Dec. 31, 2012
Reduction In Force [Text Block]

9. REDUCTION IN FORCE


In January and June 2012, the Company implemented restructuring plans resulting in force reductions. The Company took these steps to streamline the Company’s infrastructure and lower overall operating expenses. In connection with these restructurings, the Company recognized expenses of approximately $119,000 during the year ended December 31, 2012 and all such amounts were paid during the year.


In January, June and September 2012, the Company and certain officers of the Company mutually agreed to terminate their employment relationships. The Company recognized expenses of approximately $1.1 million during the year ended December 31, 2012 which will be paid in installments through the first quarter of 2016. At December 31, 2012, approximately $879,000 was accrued for this liability, of which approximately $444,000 was long-term in nature and recorded as “Other Long-Term Liabilities” on the Company’s accompanying consolidated balance sheet.