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Note 11 - Commitments and Contingencies
 12 Months Ended
Dec. 31, 2012
Commitments and Contingencies Disclosure [Text Block]
NOTE 11 – COMMITMENTS AND CONTINGENCIES

Employment contracts

The Company has employment agreements with certain of its executive officers and other employees, which expire on various dates through December 31, 2015.  The amounts discussed above represent the Company's aggregate cash commitment for future base salary under these employment contracts is as follows:

2013
 
$
1,177,000
 
2014
   
762,000
 
2015
   
425,000
 
   
$
2,364,000
 

Leases

Future minimum lease payments (excluding utilities) under the Company’s operating lease, with a term ending on December 31, 2020 and that have initial or remaining non-cancelable terms in excess of one year are as follows:

2013
 
$
554,000
 
2014
   
573,000
 
2015
   
593,000
 
2016
   
614,000
 
2017
   
636,000
 
2018 & thereafter
   
2,044,000
 
   
$
5,014,000
 

Rent expense (including amounts related to commercial rent tax) aggregated approximately $604,000, $584,000 and $613,000 for the years ended December 31, 2012, 2011 and 2010, respectively.

Marketing commitments

As of December 31, 2012, the Company’s future advertising and marketing commitments, in connection with offline and online marketing programs, is as follows:

2013
 
$
1,343,000
 
2014
   
337,000
 
   
$
1,680,000
 

Legal proceedings

The Company is, from time to time, involved in litigation incidental to the conduct of its business. However, the Company is not party to any lawsuit or proceeding which, in the opinion of management, is likely to have a material adverse effect on its financial condition as of December 31, 2012 and 2011.

Supply Agreements

In the normal course of business we have entered into agreements with suppliers pursuant to which we commit to significant expenditures or make payments if minimum levels of purchases are not made.