BSQR » Topics » 7. Commitments and Contingencies

This excerpt taken from the BSQR 8-K filed Jun 19, 2009.

7. Commitments and Contingencies

The Company’s principal commitments consist of its obligations under its bank debt and bridge note arrangements, its capital leases, its facility operating leases and obligations with regard to providers of third-party intellectual property. The obligations with regard to bank debt, bridge notes and capital leases are described elsewhere in the Notes to Consolidated Financial Statements.

The Company has lease commitments for office space in Chanhassen, Minnesota and Beijing, China which expire through January 2009.

Future contractual minimum payments with regard to facility operating leases and obligations with regard to providers of third-party intellectual property for the twelve months ended September 30 are as follows (in thousands):

 

2009

   $ 124

2010

     10
      

Total commitments

   $ 134
      

Rent expense, including contingent rentals, was $94,000 for the nine months ended September 30, 2008.

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