Commitments and Contingencies

12 Months Ended

Dec. 31, 2014

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

NOTE 17 - COMMITMENTS AND CONTINGENCIES

Leases

The Company conducts its operations from freehold sites and from leased facilities under operating leases that expire at various dates from 2015 through 2033. The leases generally require the Company to pay all maintenance, insurance, property tax costs, and contain provisions for rent increases. Total rent expense, net of sublease income, was $0.2 million for 2014 and $0.3 million for 2013.

At the year end the future minimum rental payments required under operating leases that have initial or remaining non-cancellable lease terms in excess of one year were as follows:

Year ending December 31,	Amount
2015	$	326
2016		294
2017		263
Thereafter		2,539
Total	$	3,422

Research and Development grants

In December 2013, the Company received notification of an assessment from the Direction Generale des Finances Publiques in France challenging the basis of claims made by the Company’s French subsidiary, CXR AJ, in respect of research and development activity for the years 2009 and 2010. The amount being challenged was the sum of 187,000 euros (approximately $227,000 using the exchange rate at December 31, 2014) representing grants received in the two year period. The Company took independent advice at that time which supported the Company’s view that claims had been made in accordance with the applicable rules and regulations and the Company’s claims were defensible in their entirety. In June 2014, the Company received notification from the Direction Generale des Finances Publiques that it was requesting repayment of 354,000 euros (approximately $430,000) for the four years from 2009 to 2012 and in September 2014, a claim of 17,000 euros (approximately $21,000) in respect of 2013 was received. The Company, after taking further independent advice, continued to challenge the ruling and since the year end, on March 13, 2015, received notification that the repayment claim was to be reduced to $62,000. The write back to income in the fourth quarter of the year was $389,000.

Litigation

The Company and its subsidiaries are, from time to time, involved in legal proceedings, claims and litigation arising in the ordinary course of business. While the amounts claimed may be substantial, the ultimate liability cannot presently be determined because of considerable uncertainties that exist. Therefore, it is possible the outcome of such legal proceedings, claims and litigation could have a material effect on quarterly or annual operating results or cash flows when resolved in a future period. The Company is not involved in any litigation that we believe could have a material adverse effect on our financial condition or results of operations.