Note 4 - Commitments

12 Months Ended

Sep. 30, 2012

4. COMMITMENTS

The Company owns its facilities in Los Angeles and leases space for its other offices under operating leases which expire at various dates through 2015. The Logan, Utah office operating lease entered into in December 2012 in connection with the New Dawn acquisition requires a monthly rent of $41,500 and will expire in 2015, subject to certain extension options. Part of this is sub-leased for a short-term at about $5,000 per month. The Company is responsible for a portion of maintenance, insurance and property tax expenses relating to certain leased property. Rental expenses for the fiscal years 2012 and 2011 were $455,000 and $631,000, respectively.

Company’s future obligations under its operating leases as of September 30, 2012
	2013		2014		2015 and after		Total
Obligations under operating leases	$	410,000	$	289,000	$	17,000	$	716,000

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

+ References+ Details