5. COMMITMENTS AND CONTINGENCIES Capital Leases  As of March 31, 2015 and December 31, 2014, capital lease obligations consisted of the following: 2015 2014 7.98% lease obligation on ERP software, expiring July 2016, payable in variable monthly installments $ 303 $ 411 Various lease obligations on computer equipment and office furniture, expiring April 2017, payable in fixed monthly installments bearing interest of 3.7% to 11.8% 141 156 444 567 Less current maturities (363 ) (418 ) Long-term portion $ 81 $ 149 Future minimum capital lease payments are as follows: Years Ended December 31 Amount Remainder of 2015 $ 354 2016 94 2017 and thereafter 35 483 Less amount representing interest (39 ) Total $ 444 The Company s most significant capital lease relates to the lease of enterprise resource planning, or ERP, software. The leased software asset is included in other intangible assets net, in the accompanying March 31, 2015 and December 31, 2014, consolidated balance sheets as follows: 2015 2014 ERP Software $ 1,232 $ 1,232 Less accumulated amortization (856 ) (753 ) Total $ 376 $ 479 Amortization of the software asset under capital lease for the three months ended March 31, 2015 and 2014 totaled $103, and is included in general and administrative expense in the accompanying condensed consolidated statements of operations. Operating Leases  The Company leases office space under operating leases that expire at various dates through 2025. Rent expense for the three months ended March 31, 2015 and 2014, was $425 and $383, respectively. Letter of Credit  As security for certain leased property, the Company was required to provide a lessor an unconditional and irrevocable letter of credit in the amount $200 at March 31, 2015 and December 31, 2014. Indemnifications  The Company provides certain indemnifications from time to time in the normal course of business to its customers in its professional services and software license agreements and to strategic partners through certain insurance industry association marketing agr