Note 10 - Capital Leases

The Company leases equipment under capital leases with effective interest rates ranging from 3.25% to 6.5%. Capital leases are recorded at the present value of the future minimum lease payments. Future minimum capital lease payments under capital lease agreements at December 31, 2013 are as follows (in thousands):


Year	Amount
2014	$	122
2015		85
2016		84
2017		47
		338
Less - amounts representing interest		(35	)
Present value of net minimum lease payments		303
Less - current portion of capital leases		(108	)
Non-current portion of capital leases	$	195