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Subsequent Events | 6 Months Ended
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Jun. 30, 2013
Subsequent Events [Abstract] |
Subsequent Events |
| 12. | Subsequent Events
Operating Lease Commitments Effective July 1, 2013, the Company modified a property lease at its Fairfax, Virginia office location to expand operational capacity and consolidate certain functions. Under the terms of the new lease agreement, the lease expires in 2019 and requires fixed escalating lease payments and additional periodic rent payments to cover a proportionate share of taxes, maintenance, insurance and other shared expenses at each anniversary date. The lease contains additional incentives including free rent for up to 6 months under certain conditions and a leasehold improvement allowance for up to $120,000. The Company has the right to terminate the lease after 3 years by providing written notice by no later than June 30, 2016 and paying an early termination fee equal to 50% of the lessor's unamortized leasehold tenant improvements, brokerage commissions paid in connection with the lease and two months' current rent. Effective July 1, 2013, the Company modified a property lease at its Tennessee office location to expand operational capacity. Under the terms of the new lease agreement, the lease expires in 2016 and requires fixed escalating lease payments and additional periodic rent payments to cover a proportionate share of taxes, maintenance, insurance and other shared expenses at each anniversary date. There were no additional changes to existing equipment and sublease arrangements during the three or six month periods ended June 30, 2013. Remaining future minimum payments by year (excluding related party leases) required under lease obligations consist of the following for fiscal years ending December 31:
|  |  |  |  |  |  |  | Less |  |  |  |
|  | Property |  |  | Equipment |  |  | Property |  |  | Net Lease |
|  | Leases |  |  | Leases |  |  | Sublease |  |  | Total |
|  | (Unaudited) |
2013 |  | $ | 261,000 |  |  | $ | 20,000 |  |  | $ | (11,800 | ) |  | $ | 269,200 |
2014 |  |  | 551,000 |  |  |  | 41,000 |  |  |  | (23,600 | ) |  |  | 568,400 |
2015 |  |  | 472,000 |  |  |  | 30,000 |  |  |  | (23,600 | ) |  |  | 478,400 |
2016 |  |  | 386,000 |  |  |  | 24,000 |  |  |  | (11,800 | ) |  |  | 398,200 |
2017 |  |  | 320,000 |  |  |  | 10,000 |  |  |  | - |  |  |  | 330,000 |
Thereafter |  |  | 417,000 |  |  |  | - |  |  |  | - |  |  |  | 417,000 |
Total |  | $ | 2,407,000 |  |  | $ | 125,000 |  |  | $ | (70,800 | ) |  | $ | 2,461,200 |
Employment Agreements The Company has employment agreements with certain executives that set forth compensation levels and provide for severance payments in certain instances. On August 13, 2013, the Company entered into an amendment to the Company's employment agreements with Steve L. Komar, Chief Executive Officer, and James T. McCubbin, Executive Vice President and Chief Financial Officer, to extend the term of their original employment through December 31, 2013 at the same salary and benefit levels then in effect.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References No definition available. + Details
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