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DEBT
6 Months Ended
Jun. 30, 2013
DEBT [Abstract]  
DEBT
NOTE 5 – DEBT

NOTES PAYABLE

At June 30, 2013 and December 31, 2012, notes payable consisted of one note for approximately $5,000 and $32,000, respectively, of borrowings for the purchase of equipment.  The note bears interest at a rate of 8.0% per year and matures in August 2013.  The note is collateralized by the equipment purchased with net book values of approximately $8,000 and $34,000, at June 30, 2013 and December 31, 2012, respectively.

CAPITAL LEASE OBLIGATIONS

The Company has equipment under four capital lease obligations expiring at various times through November 2014.  The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair values of the assets.

The implied interest rates related to these capital leases range from 0.0% to 8.0%. The gross book value and the net book value of the related assets are approximately $569,000 and $269,000, respectively, as of June 30, 2013, and $569,000 and $362,000, respectively, as of December 31, 2012.