Note Receivable and Subsequent Event

9 Months Ended

Sep. 30, 2011

Note Receivable and Subsequent Event [Abstract]

Note Receivable and Subsequent Event

3. Note Receivable and Subsequent Event:

In conjunction with a settlement agreement with an existing customer, the Company accepted an unsecured promissory note in the face amount of $486 thousand, whereby the Company receives monthly installments of $10 thousand including interest at 3.91% through January 2015, the maturity date. In October 2011, the customer and the Company agreed to settle the remaining amounts outstanding for $300 thousand. The Company received payment of $300 thousand in October 2011, and executed a release concurrently.