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NOTE 14 - LEASE COMMITMENTS
 12 Months Ended
Dec. 31, 2011
Commitments Disclosure [Text Block]
NOTE 14 - LEASE COMMITMENTS

Asure’s future minimum lease payments under all operating and capital leases as of December 31, 2011 are as follows:

 
 
CALENDAR YEAR ENDING:
 
OPERATING
LEASE
OBLIGATIONS
   
CAPITAL
LEASE
OBLIGATIONS
 
             
2012
   
743
     
32
 
2013
   
496
     
10
 
2014
   
421
     
8
 
2015
   
398
     
8
 
2016
   
--
     
  7
 
Thereafter
   
--
     
--
 
                 
TOTAL
 
$
2,058
   
$
65
 
                 
Less current portion of obligations
           
(32
)
Long-term portion of obligations
         
$
33
 

Total rent expense under all operating leases for the year ending December 31, 2011 and 2010 were $433 and $1,291, respectively. Approximately 76.0% of Asure’s total operating lease obligations relates to its corporate office facility at Wild Basin in Austin, Texas. 

On April 28, 2010 the Company entered into an Amendment to its current building lease with Wild Basin. Pursuant to the terms of the amended Lease, the Landlord agreed to reduce the square footage leased by the Company from 137 thousand square feet to 9 thousand square feet for the lease’s remaining three years.  In addition, the monthly rent of $299 was reduced to $20 beginning April 1, 2010.  In exchange for the rent and square footage reduction, the Company made a onetime payment of $1,500 and agreed to forgo approximately $159 of monthly sub-tenant income it received from the excess space under the prior lease, resulting in the Company recording a loss on lease agreement of $1,203 during the year ended December 31, 2010

NOTE 15 - CONTINGENCIES

 Asure was the defendant or plaintiff in various actions that arose in the normal course of business. As of December 31, 2011, none of the pending legal proceedings to which the Company is a party are material to the Company.