J. OTHER LIABILITIES AND DEBT

As of December 31, 2012 and 2011, USE had current and long term liabilities associated with the following funding commitments:

	(In thousands)
	December 31,			December 31,
	2012			2011
Other liabilities and debt:
Other liabilities
Deferred rent		12			14
Employee health insurance self funding		32			10
	$	44		$	24

Other long term liabilities:
Accrued executive retirement costs	$	771		$	822

Debt:
Credit Facility - collateralized by
oil and gas reserves, at 2.92%	$	10,000		$	12,000
Long term Debt
Real estate note - collateralized by
property, interest at 5.5%		9,621			9,904
Real estate note - collateralized by
property, interest at 6%		200			400
		19,821			22,304
Less current portion		(526	)		(481	)
Totals	$	19,295		$	21,823

In December 2008, USE and Thompson Creek Metals ("TCM") jointly purchased land for $4.0 million ($2.0 million paid in January 2009, $400,000 annually for five years). USE is responsible for one-half the purchase price. As of December 31, 2012, USE has paid $1.8 million, leaving $200,000 to be paid on or before January 2, 2014. On December 6, 2011, TCM notified the Company that it wishes to sell its interest in the property. The Company has until June 5, 2013 to decide whether to purchase TCM's 50% interest in the property, at cost, and close such purchase.

On May 5, 2011, USE borrowed $10.0 million from a commercial bank against Remington Village. At the date of filing of this annual report $9.6 million is due on the note. The note is collateralized by the Company's multi-family property in Gillette, WY. The note is amortized over 20 years with a balloon payment at the end of five years with an interest rate of 5.50% per annum. Proceeds of the note were used to fund general business obligations. When Remington Village is sold, the proceeds from the sale will first be applied to the retirement of the debt and the remainder applied to general corporate overhead and project development. Therefore, the debt related to Remington Village is included in current liabilities held for sale.

	(In thousands)
	Payments due by period
	Total		2013		2014		2015		2016		2017 and thereafter

Credit facility 3.2%	$	10,000	$	--	$	10,000	$	--	$	--	$	--

Real estate note 5.5%		9,621		308		326		8,987		--		--

Real estate note 6.0%		200		200		--		--		--		--

Total	$	19,821	$	508	$	10,326	$	8,987	$	--	$	--