10. Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

10. Commitments and Contingencies

Leases

The Company has non-cancelable operating and capital leases for corporate facilities and equipment.

Future minimum rental payments required under non-cancelable operating and capital leases are as follows:

	Operating Leases		Capital Leases

2013		437,869		554,231
2014		474,016		1,072,814
2015		96,554		636,218
2016				80,333
2017				8,922
Total minimum lease payments	$	1,008,439		2,352,518
Less amount representing interest				(190,624	)
Present value of minimum lease payments				2,161,894
Less current portion				(965,053	)
			$	1,196,841

Minimum Third Party Network Service Provider Commitments

The Company has a contract with a third party network service provider that facilitates interconnects with a number of third party network service providers. The contract contains a minimum usage guarantee of $0.2 million per monthly billing cycle and is on a month to month basis. The cancellation terms are month to month.

Litigation

From time to time and in the course of business, we may become involved in various legal proceedings seeking monetary damages and other relief. The amount of the ultimate liability, if any, from such claims cannot be determined. However, in the opinion of our management, there are no legal claims currently pending or threatened against us that would be likely to have a material adverse effect on our financial position, results of operations or cash flows.

- Definition

The entire disclosure for commitments and contingencies.

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Telanetix,Inc 10-Q