|
COMMITMENTS AND CONTINGENCIES
|
12 Months Ended |
|---|---|
|
Dec. 31, 2011
|
|
| COMMITMENTS AND CONTINGENCIES [Abstract] | |
| COMMITMENTS AND CONTINGENCIES |
NOTE 7 – COMMITMENTS AND CONTINGENCIES
Operating Leases
At December 31, 2011, we had commitments under non-cancelable operating leases for our Dallas office and research and development facilities until December 31, 2012 totaling $77,000. We had commitments under non-cancelable operating leases for our New York office until August 31, 2012 totaling $130,000. Rent expense for the years ended December 31, 2011 and 2010 was $266,000 and $110,000, respectively. We also have one non-cancelable operating lease – for a copier with future obligations totaling approximately $30,000 ending in 2014.
Legal
We are not currently subject to any material pending legal proceedings.
|