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Note 12 - Commitments
6 Months Ended
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

12.     Commitments


Lease Commitments


The Company leases its corporate office under an operating lease agreement that expires in August 2014. In addition to the minimum lease payments, the agreement requires payment of the Company's pro-rata share of property taxes and building operating expenses. In April 2014, the Company extended their lease for their corporate offices to run through August 2017. Under this lease the Company’s rent payments will range from $43,500 to $49,500 per year.


Future minimum lease payments are estimated to be as follows (in thousands):


Year

 

Future Minimum
Lease Payment
s

 

2014

  $ 22  

2015

    45  

2016

    48  

2017

    33  

Total

  $ 148  

During the year ended December 31, 2011, the Company began manufacturing its RenalGuard consoles and sterile disposable kits by two separate outside contract manufacturers. The contracts with these manufacturers do not contain minimum purchase requirements or any future commitments. Purchases are made upon request to the manufacturer. As of June 30, 2014 there are no minimum purchase requirements or any future commitments for these contracts.


During the year ended December 31, 2011, the Company hired a clinical research organization (“CRO”) to assist with managing its clinical trial. The contract with the CRO does not contain minimum purchase requirements or any future commitments, and payments are made once services are provided. As of June 30, 2014 there are no minimum purchase requirements or any future commitments for this contract.