XML 37 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments
12 Months Ended
Sep. 30, 2012
Commitments [Abstract]  
Commitments

2. Commitments

The Company leases certain equipment under capital lease agreements expiring through March 2015. Such leases are included in fixed assets with a cost of $375 thousand and accumulated depreciation of $76 thousand at September 30, 2012. Minimum lease payments, including principal and interest, are summarized in the table below.

 

         

Fiscal Year (in thousands)

  Capital  

2013

  $ 138  

2014

    119  

2015

    17  
   

 

 

 

Total payments

    274  

Less interest

    (14
   

 

 

 

Total

  $ 260  
   

 

 

 

The Company leases certain facilities and equipment under operating lease agreements expiring at various times through December 31, 2018. Total rent expense on all operating leases was approximately $526 thousand and $522 thousand for the years ended September 30, 2012 and 2011, respectively.

 

In November 2011, the Company occupied office space related to a lease agreement entered into on June 28, 2011. The lease term is from November 2011 through December 2018. The lease includes a tenant improvement allowance of $613 thousand that was recorded as a leasehold improvement liability and is being amortized as a credit to rent expense on a straight-line basis over the lease term. At September 30, 2012, the unamortized balance is $532 thousand.

The following is a schedule by year of future minimum lease payments under operating leases:

 

         

Fiscal Year (in thousands)

  Operating  

2013

  $ 602  

2014

    614  

2015

    625  

2016

    641  

2017

    657  

Thereafter

    842  
   

 

 

 

Total

  $ 3,981  
   

 

 

 

The Company enters into unconditional purchase commitments on a regular basis for the supply of Mediasite product. The Company has an obligation to purchase $1.3 million at September 30, 2012, which is not recorded on the Company's Consolidated Balance Sheet.

The Company enters into license agreements that generally provide indemnification against intellectual property claims for its customers as well as indemnification agreements with certain service providers, landlords and other parties in the normal course of business. The Company has not incurred any material costs as a result of such indemnifications and has not accrued any liabilities related to such obligations in the consolidated financial statements.