Capital Lease Obligations

12 Months Ended

Dec. 31, 2013

In 2013, the Company entered into a non-cancelable lease agreement for $38,000 with an interest rate of 8.8%. In 2012, the Company entered into three non-cancelable lease agreements for $90,000, $30,000 and $48,000 with interest rates of 9%, 3% and 0%, respectively. These leases are accounted for as capital leases. Depreciation expense on the equipment under the capital leases for the years ended December 31, 2013 and 2012 was $158,000 and $131,000, respectively. Future minimum commitments under all non-cancelable capital leases are as follows (in thousands):



	Total		Interest		Principal
2014	225		8		217
2015	43		1		42
2016	1		—		1
	$	269	$	9	$	260

As of December 31, 2013, the current portion of the capital lease obligation is $217,000 and the long-term portion is $43,000.