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12. Commitments | 12 Months Ended
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Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract] |
12. Commitments | Operating Leases The Company leases office and production facilities and equipment under agreements that expire at various dates through 2018. Certain leases contain renewal provisions and escalating rental clauses and generally require the Company to pay utilities, insurance, taxes and other operating expenses. Lease expense under operating leases totaled $581,000 and $579,000 in 2013 and 2012, respectively. The estimated aggregate lease payments under operating leases for each of the five succeeding years is as follows:
Years Ending December 31, |  |  | Lease Payment |
2014 |  |  | $ | 704,000 |
2015 |  |  |  | 716,000 |
2016 |  |  |  | 692,000 |
2017 |  |  |  | 626,000 |
Thereafter |  |  |  | 580,000 |
| Total |  |  | $ | 3,318,000 |
Sublease In February 2013, the Company began subleasing approximately 2,700 square feet of its office space. The term of the sublease expires in July 2014. The tenants will not be renewing the sublease at the end of its term. Total sublease income for the year ended December 31, 2013 was approximately $44,000. Total estimated aggregate sublease income for the year ended December 31, 2014 is approximately $31,000. Capital Leases As of December 31, 2013 and 2012, property held under current capital leases was as follows:
|  | For the Years Ended |
|  | December 31, |
|  | 2013 |  |  | 2012 |
Broadcast equipment |  | $ | – |  |  | $ | 277,000 |
Other equipment |  |  | 84,000 |  |  |  | 69,000 |
|  |  | 84,000 |  |  |  | 346,000 |
Accumulated depreciation |  |  | (21,000 | ) |  |  | (217,000 | )
Total |  | $ | 63,000 |  |  | $ | 129,000 |
Total depreciation expense under capital leases was $83,000 and $271,000 for the years ended December 31, 2013 and 2012, respectively. As of December 31, 2013, future minimum payments under all capital leases are as follows:
Years Ending December 31, |  | Lease Payment |
2014 |  | $ | 32,000 |
2015 |  |  | 31,000 |
2016 |  |  | 24,000 |
2017 |  |  | 7,000 |
Thereafter |  |  | – |
Total minimum payments |  |  | 94,000 |
Less amounts representing interest |  |  | (11,000 | )
Present value of net minimum payments |  |  | 83,000 |
Less current portion |  |  | (25,000 | )
Long-term capital lease obligations |  | $ | 58,000 |
Notes Payable In May 2013, the Company entered into a financing agreement with a lender under which the Company may borrow up to $500,000 to purchase certain equipment. In August 2013, the maximum amount the Company may borrow was increased to $1,000,000, and in December 2013, the maximum amount the Company may borrow was further increased to $3,000,000. The Company may borrow amounts in tranches as needed. Each tranche bears interest at 8.32% per annum and is payable in 36 equal monthly installments. The Company granted the lender a first security interest in the equipment purchased with the funds borrowed under the agreement. Through December 31, 2013, the Company borrowed approximately $1,623,000. As of December 31, 2013, $1,564,000 remained outstanding, which reflects payments made through December 31, 2013. In July 2011, the Company entered into an equipment financing agreement with a bank in the amount of $123,000, which is recorded in short-term and long-term notes payable on the accompanying consolidated balance sheet. The amounts borrowed were used to finance certain equipment purchases and other services related to the relocation of the Company’s Carlsbad, California office. The amount borrowed bears interest at 5.85% per annum and is collateralized by a first priority security interest in the equipment purchased. The amount borrowed is payable over a 36 month period in equal payments of $3,705, which includes interest, until fully paid in August 2014. As of December 31, 2013, approximately $29,000 remained outstanding. Future minimum payments under notes payable as of December 31, 2013 are as follows:
Years Ending December 31, |  |  | Payment |
2014 |  |  | $ | 713,000 |
2015 |  |  |  | 547,000 |
2016 |  |  |  | 498,000 |
2017 |  |  |  | 13,000 |
Thereafter |  |  |  | – |
Total minimum payments |  |  |  | 1,771,000 |
Less amounts representing interest |  |  |  | (178,000 | )
Total notes payable |  |  |  | 1,593,000 |
Less current portion |  |  |  | (631,000 | )
Long-term portion |  |  | $ | 962,000 |
Interest expense related to notes payable for the years ended December 31, 2013 and 2012 was $9,000 and $5,000, respectively.

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