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Leases
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Note 14 - Leases

We lease certain office space and equipment. As leases expire, it can be expected that, in the normal course of business, certain leases will be renewed or replaced.

 

Rent expense from continuing operations was approximately $824,000 and $800,000 for the years ended December 31, 2011 and 2010, respectively.

 

Minimum lease payments under non-cancelable operating leases as of December 31, 2011 are:

 

    2012   $ 850,960  
    2013     880,271  
    2014     905,143  
    2015     692,422  
    2016     -  
Thereafter     -  

 

In 2010, we subleased a portion of our offices in our headquarters to a third-party telemarketing firm.  The term of the sublease was for 36 months and required equal monthly payments of approximately $20,000 per month.  In June 2011, we ceased our call center activities as part of our BabytoBee business and we cancelled the sublease agreement with the telemarketing firm.