NOTE 6 - OPERATING LEASE COMMITMENTS

9 Months Ended

Sep. 30, 2014

Notes to Financial Statements

NOTE 6 - OPERATING LEASE COMMITMENTS

NOTE 6 – OPERATING LEASE COMMITMENTS

We have commitments under non-cancelable operating leases and other agreements, primarily for factory and office space, with initial or remaining terms of one year or more as follows:

For the years ending December 31:

	Operating Leases
(in thousands)
2014 (remaining)	$309
2015	1,033
2016	611
2017	38
2018	9
Thereafter	4
Total	$2,004

Of the $2,004,000, $186,000 has been accrued as restructure liability related to abandoned lease space.

During the first quarter of 2014, we renewed our lease agreement for our Munich, Germany facility effective February 1, 2015 and extending the term through January 2018 and lowering the square footage to approximately 4,306 square feet.  Effective June 1, 2014, the landlord was able to lease the excess space abandoned as part of Q2 2013 restructure actions  to another tenant and the lease was revised to end May 31, 2017.