COMMITMENTS AND CONTINGENCIES

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 9—COMMITMENTS AND CONTINGENCIES

(a) The Company maintains a contributory defined contribution plan that covers all eligible employees. All contributions to this plan are discretionary. Amounts recognized as expense for contributions to this plan were $373,000 and $363,000 for the years ended December 31, 2014 and 2013, respectively. 

(b) At December 31, 2014 and 2013, the Company had open purchase order commitments totaling approximately $15,637,000 and $10,443,000, respectively.

(c) The Company is a defendant or co-defendant in various actions brought about in the ordinary course of conducting its business. The Company does not believe that any of these actions are material to the consolidated financial position, results of operations or cash flows of the Company.

(d) The Company leases certain facilities and equipment through 2021. Generally, the facility leases carry renewal provisions and require the Company to pay maintenance costs. Rental payments may be adjusted for increases in taxes and insurance above specified amounts. Operating lease expense for 2014 and 2013 was $360,000 and $308,000, respectively. Future minimum payments under non-cancelable operating leases with initial or remaining terms of more than one year as of December 31, 2014 were as follows:

2015	$	334,000
2016		180,000
2017		102,000
2018		92,000
2019		77,000
Thereafter		60,000
	$	845,000