28. CONTRACTUAL OBLIGATIONS AND COMMITMENTS

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Note 28. CONTRACTUAL OBLIGATIONS AND COMMITMENTS

The following table summarizes our contractual obligations and commitments at December 31, 2012:

	Total		Amount due within 2013
Deferred compensation payable	$	1,912,000	$	1,912,000
Mortgage loan payable		1,575,000		1,575,000
Promissory notes to related parties		507,000		507,000
Convertible promissory notes		120,000		120,000
Maturity of 10% promissory notes		10,000		10,000
Total	$	4,124,000	$	4,124,000

Total non-cash compensation cost related to nonvested stock options at December 31, 2012 that has not been recognized was approximately $179,000. This compensation expense will be recognized in the future over a remaining weighted average period of approximately 6 months.