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NOTE 14 - LEASE COMMITMENTS

12 Months Ended

Dec. 31, 2012

NOTE 14 - LEASE COMMITMENTS

Asure’s future minimum lease payments under all operating and capital leases as of December 31, 2012 are as follows:

CALENDAR YEAR ENDING:	OPERATING LEASE OBLIGATIONS		CAPITAL LEASE OBLIGATIONS
2013		725		82
2014		604		80
2015		438		80
2016		59		85
2017		--		62
Thereafter		--		--

TOTAL	$	1,826	$	389

Less current portion of obligations				(82	)
Long-term portion of obligations			$	307

Total rent expense under all operating leases for 2012 and 2011 were $589 and $433, respectively. For 2012 and 2011, approximately 51% and 76.0%, respectively, of our total operating lease obligations relates to our corporate office facility at Wild Basin in Austin, Texas.

- Definition

The entire disclosure for significant arrangements with third parties, which includes operating lease arrangements and arrangements in which the entity has agreed to expend funds to procure goods or services, or has agreed to commit resources to supply goods or services, and operating lease arrangements. Descriptions may include identification of the specific goods and services, period of time covered, minimum quantities and amounts, and cancellation rights.

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