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NOTE 9 - OTHER COMMITMENTS | 12 Months Ended
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Dec. 31, 2012
Notes to Financial Statements |
NOTE 9 - OTHER COMMITMENTS | We have purchase obligations for inventory and production costs as well as other obligations such as capital expenditures, service contracts, marketing, and development agreements. Arrangements are considered purchase obligations if a contract specifies all significant terms, including fixed or minimum quantities to be purchased, a pricing structure and approximate timing of the transaction. Most arrangements are cancelable without a significant penalty, and with short notice, typically less than 90 days. 8 At December 31, 2012, the purchase and other obligations totaled $436,000 of which all but $15,000 are 2013 commitments.

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