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Lease Commitments

6 Months Ended

Jun. 30, 2011

13. Lease Commitments

The Company leases its corporate office in Franklin, Massachusetts, under an operating lease agreement that expires in August 2011. In June 2011, the Company entered in to a three year facility lease for a smaller space at a new location in Milford, Massachusetts, beginning August 2011. In addition to the minimum lease payments, the new lease agreement requires payment of the Company’s pro-rata share of property taxes and building operating expenses.

Under the new lease, future minimum lease payments are estimated to be as follows (in thousands):

Year	Future Minimum Lease Payments
2011	$	13
2012	38
2013	41
2014	30
Total	$	122

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

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