Note 13 — Capital Leases

The Company leases certain equipment under non-cancelable capital leases. At September 30, 2011 and March 31, 2011, leased capital assets included in property and equipment were as follows (in thousands):


	September 30, 2011		March 31, 2011
Computer and office equipment	$	332	$	332
Less: accumulated amortization		255		224

Property and equipment, net	$	77	$	108

Amortization expense for the three and six months ended September 30, 2011 was $15,000 and $31,000, respectively, and $13,000 and $25,000, respectively, for the three and six months ended September 30, 2010. Future minimum lease payments, excluding additional costs such as insurance and maintenance expense payable by the Company under these agreements, by year and in the aggregate are as follows (in thousands):


	Minimum Lease
	Commitments
Remainder of fiscal 2012	$	37
2013		44
2014		13

Total minimum lease payments	$	94
Less: amounts representing interest at rates ranging from 6.9% to 9.4%		6

Present value of minimum capital lease payments, reflected in the balance sheet as current and non-current capital lease obligations of $68 and $20, respectively	$	88