On March 13, 2008, the Company entered into a financial lease agreement with Toyota Financial Services for a forklift. The cost of the equipment under the capital lease, in the amount of $26,527, is included in the consolidated balance sheets as property, plant and equipment. Accumulated amortization of the leased equipment at December 31, 2012 was approximately $20,000. The capital lease, scheduled to mature in February 2013, was paid off in September 2012.

On August 1, 2010, the Company entered into a financial lease agreement with Dell Financial Services for new computer servers. The cost of the equipment under the capital lease, in the amount of $19,093, is included in the consolidated balance sheets as property, plant and equipment. Accumulated amortization of the leased equipment at December 31, 2012 was approximately $19,000. The capital lease is in the amount of $20,698 including interest of $1,605 (implicit interest rate 5.3%). The lease term is 36 months with equal monthly installments of $575. The net present value of the lease at December 31, 2012 was $4,000.

On September 4, 2011, TPT entered into a financial lease agreement with Diependael Leasing, BV for equipment related to the production of ALUPREM. The cost of the equipment under the capital lease, in the amount of €38,360 ($50,654), is included in the consolidated balance sheets as property, plant and equipment. Accumulated amortization of the leased equipment at December 31, 2012 was approximately €16,000 ($21,128). The capital lease is in the amount of €41,256 ($54,480) including interest of €2,896 ($3,824) implicit interest rate 4.786%). The lease term is 36 months with equal monthly installments of €1,146 ($,513). The net present value of the lease at December 31, 2012 was €21,988 ($29,000).

On February 5, 2012, TPT entered into a financial lease agreement with Sympatec GmbH for lab equipment. The cost of the equipment under the capital lease, in the amount of €52,128 ($68,835), is included in the consolidated balance sheet as property, plant and equipment. Accumulated amortization of the leased equipment at December 31, 2012 was approximately €6,000 ($7,923). The capital lease is in the amount of €56,988 ($75,253) including interest of €4,860 ($6,418) (implicit interest rate 16.785%). The lease term is 12 months with equal monthly installments of €4,749 ($6,271). The net present value of the lease at December 31, 2012 was €9,302 ($12,000).

The following table sets forth the minimum future lease payments under these leases as of December 31, 2012 until maturity:

Years Ending December 31,
(In thousands)
	2013	$	35
	2014	12
	Total minimum lease payments	47
	Less: Amount representing executory costs	-
	Net minimum lease payments	47
	Less: Amount representing interest	(2)
	Present value of net minimum lease payments	45
	Less: Current maturities of capital lease obligations	(33)
	Long-term capital lease obligations	$	12