Leases

12 Months Ended

Dec. 31, 2011

Leases

Note 9. Leases

The current facilities lease is for a term of five years terminating on October 31, 2013, with one option to terminate the lease with nine months notice on October 31, 2011. The lease provides for initial annual rental payments of approximately $127,000, increasing each year to reach $150,000 in the final year of the lease. Total rental expense related to the Company’s headquarters location during the years ended December 31, 2011 and 2010 was $142,000 and $138,000, respectively.

Future minimum annual lease payments under these leases as of December 31:

Year	Operating Leases
	(in thousands)
2012	$	145
2013		124
2014		—
2015		—
2016		—
Total	$	269