COMMITMENTS AND CONTINGENCIES

9 Months Ended

Sep. 30, 2012

COMMITMENTS AND CONTINGENCIES [Abstract]

COMMITMENTS AND CONTINGENCIES

Note 7 – Commitments and Contingencies

Operating Leases

Operating leases are primarily for office space, data centers, equipment and automobiles.  As of September 30, 2012, the future minimum lease payments under operating leases are summarized as follows (in thousands):

Twelve Months Ending
September 30,	Amount
2013	$	313
2014		207
2015		5
Total	$	525

Rent expense approximated $147,000 and $148,000 for the three months ended September 30, 2012 and 2011, respectively.  Rent expense approximated $400,000 and $391,000 for the nine months ended September 30, 2012 and 2011, respectively.

Employment Agreements

Future commitments under employment agreements for the Company's President and Chief Executive Officer and the Company's Executive Vice President of Channel Sales and Chief Technology Officer total $325,000 and $69,000 for the years ending September 30, 2013 and 2014 respectively.