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v2.4.0.6
Commitments And Contingencies
12 Months Ended
Dec. 31, 2011
Commitments And Contingencies [Abstract]  
Commitments And Contingencies

15. COMMITMENTS AND CONTINGENCIES

Operating Leases

During 2009 and 2010 we leased approximately 17,100 square feet of office space for our corporate headquarters and United States operations. The premise is located at 6815 Flanders Drive, San Diego, California. In 2011 we renewed this lease agreement, but reduced the size of the leased premises to approximately 5,900 square feet of office space, pursuant to an amended lease agreement that expires in April 2014. The average basic monthly rent of the renewed lease agreement is approximately $8,000.

We lease additional commercial properties in China and Korea for our operations and research and development teams. The China facility is approximately 1,600 square feet and the lease term is based on a two year agreement that expires in November 2013. The Korea facility is 900 square feet and the lease term is based on an annual agreement. The average basic monthly rent is approximately $3,000 during the lease periods for both of these two facilities.

Minimum annual lease payments are as follows:

 

Year Ending December 31,

   Total
Amount
 

2012

   $ 131,000   

2013

     123,000   

2014

     33,000   
  

 

 

 
   $ 287,000   
  

 

 

 

 

Rent expense is charged ratably over the lives of the leases using the straight line method. In addition to long-term facility leases, we incur additional rent expense for equipment and other short-term operating leases. Rent expense incurred for short-term and long-term obligations for each of the years ended December 31, 2011, 2010 and 2009 amounted to $158,000, $456,000, and $639,000, respectively.

Employment and Separation Agreements

We have entered into employment agreements with our executive management personnel that provide severance payments upon termination without cause. Consequently, if we had released our executive management personnel without cause as of December 31, 2011, the severance expense due would be $802,000, plus payments equal to twelve month's of continuing healthcare coverage under COBRA.

Legal Proceedings

From time to time, we may be involved in litigation relating to claims arising out of our operations in the normal course of business, including claims of alleged infringement, misuse or misappropriation of intellectual property rights of third parties. At December 31, 2011, we were not a party to any such litigation which management believes would have a material adverse effect on our financial position or results of operations.