suggest you review the quarterly filing a bit closer. They don't have $11 million in AP....they have $11.6 million in total current liabilities of which only $2.6 million is Accounts Payable. They held $2.89 million in AP on 12/31/2012 (the end of their last fiscal year) so it doesn't appear there's much of a change in how they are handling AP. The larrgest part of the figure you're talking about is Accrued Expenses. Future rent/lease payments are NOT currently accounted for on the balance sheet. Those figures are noted in the annual report in the "Contractual Commitments" section.