3. Commitments and Contingencies. Lease Obligations - The Company is obligated under one operating lease, for its corporate office space in New York City, expiring in March 2015. Future aggregate minimum annual rental payments under this lease for the next twelve months are as follows: Twelve Months Ending June 30, 2015 $ 67 Rent expense under this lease was approximately $44 and $43 for the six months ended June 30, 2014 and 2013, respectively. The Company is also obligated under a number of five-year, slot equipment operating leases, the projected costs of which are not included in the table above due to fluctuating inventory, expiring over staggered years, which provide for a monthly fixed rental fee per slot machine, and an option for replacement with different/newer machines during the term of the lease. In the second quarter of 2014, the Company s slot lease expense was $674 versus $597 in the comparable quarter in 2013, while in the six months ending June 30, 2014, the Company s slot lease expense was $1,342 as compared with $1,196 in the comparable period in 2013. The expense increase resulted from the addition of 28 slot machines. Employment Agreements - The Company s July 1, 2005 employment agreement with its Chief Executive Officer ( CEO ), Mr. Rami S. Ramadan, absent the intervention of either party by September 30 th of each year, will renew automatically for another calendar year, currently ending December 31, 2014. In addition to a perpetually renewable employment term of one year absent the intervention of either party, the agreement provides for annual compensation, plus participation in the Company s benefits programs and equity incentive plans. As of June 30, 2014, the Company is contractually obligated to pay approximately $225 of the remainder of the annual base compensation for the year 2014. 401(k) Plan - The Company maintains a contributory 401(k) plan. This plan is for the benefit of all eligible corporate employees, who may have up to 16.5% of their salary withheld, not to exceed the max