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Commitments and Contingencies
 3 Months Ended
Mar. 31, 2014
Commitments and Contingencies [Abstract]  
Commitments and Contingencies
  13. Commitments and Contingencies

 

Operating Lease Commitments

 

There were no changes to existing equipment and sublease arrangements during the three month period ended March 31, 2014.

 

Employment Agreements

 

The Company has employment agreements with certain executives that set forth compensation levels and provide for severance payments in certain instances. On February 18, 2014, 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 March 31, 2016 at a salary of $260,000 and no change to the benefit levels then in effect. The Company has the option to terminate Messrs. Komar and McCubbin's employment agreements as of March 31, 2015 by giving written notice on or before January 31, 2015.