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Commitments and Contingencies
 12 Months Ended
Dec. 31, 2011
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Disclosure [Text Block]

13. Commitments and Contingencies

 

Operating Lease Commitments

 

The Company has entered into leasing arrangements with unrelated entities for its corporate and subsidiary companies executive and administrative offices, a call center, and a secured data facility. There are three leases that are on a month-to-month basis with monthly rent ranging from $1,300 to $2,500. The Company’s other leases expire at various times through December 2015 with monthly rent ranging from $2,800 to $26,000 per month, and most include renewal options for additional periods. Many leases provide that the Company pay taxes, maintenance, insurance and other expenses. Rents are generally increased annually by fixed amounts, subject to certain maximum amounts defined within individual agreements. Rent expenses under these operating leases for 2011 and 2010 were approximately $386,000 and $469,000, respectively.

 

Future minimum payments by year required under lease obligations consist of the following for fiscal years ending December 31:

 

2012   $ 423,275  
2013     428,951  
2014     121,232  
2015     27,533  
Total   $ 1,000,991  

 

Employment Agreements

 

The Company has employment agreements with certain executives that set forth compensation levels and provide for severance payments in certain instances.

 

Litigation

The Company is not involved in any material legal proceedings.