Note 6 - Capital Lease

In August 2012, the Company leased equipment under a capital lease with an effective interest rate of 6.5% with an advance payment and monthly payments of $6,325 starting August 2012 and over the next 59 months. The capital lease is recorded at the present value of the future minimum lease payments. Future minimum capital lease payments under the capital lease agreement at September 30, 2012 are as follows (in thousands):

	Amount
2012	$	12
2013		76
2014		76
2015		76
2016		76
2017		44
		360
Less ― amounts representing interest		(51	)
Present value of net minimum lease payments		309
Less ― current portion of capital lease		(57	)
Non-current portion of capital lease	$	252