Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

Note 8 – Commitments and Contingencies

We are party to various commitments and contingencies, including:

· Operating leases for office facilities, which include minimum rents and reimbursed operating expenses as well as options to renew for additional periods;

·  Employment agreement with future payment obligations;

· Long-term debt obligations include principal for convertible debentures and related estimated interest over the life of the debentures.  Any future settlement of convertible debt would impact our cash payments.

The following table sets forth the future minimum payments due under the above commitments as of December 31, 2014:

	2015		2016		2017		2018		2019		Total
Operating leases	$	68	$	68	$	68	$	68	$	17	$	289
Employment agreements		96										96
Long-term debt	$	35,845									$	35,845
Total	$	36,009	$	68	$	68	$	68	$	17	$	36,230

The above table includes future obligations associated with a new lease agreement we entered into for our corporate headquarters in Boulder, Colorado on February 19, 2014. The agreement provides for a five year lease of 2,303 square feet expiring on March 31, 2019 with estimated average rent and monthly rent payments over the term of $5,689. We intend to sublease certain portions of the lease that are unused by us. Additionally, we entered into an amended lease arrangement for NeoMedia Europe GmbH’s office lease in February 2014 to reduce the rented area to approximately 125 square meters with the same lease expiration date and reduced monthly rent of approximately $1,400. The lease on GmbH expires March 2015 and there are no future obligations, as such the GmbH lease is not reflected in the above table.

Legal Proceedings – From time to time, we are involved in various legal actions arising in the normal course of business, both as claimant and defendant. Although it is not possible to determine with certainty the outcome of these matters, we believe the eventual resolution of any ongoing legal actions is unlikely to have a material impact on our financial position or operating results. If the resolution of ongoing legal actions is not in our favor, our financial position and operating results could be materially adversely impacted.