Note 12 — Restructuring

On November 1, 2013, we undertook an initiative refocusing our business on GARP® development that resulted in adjustment of our workforce towards less emphasis on engineering and greater emphasis on sales and marketing. Accordingly, we accrued a restructuring charge in the second quarter ended December 31, 2013, based on agreements with terminated employees covering salary and benefit continuation and an acceleration of vesting of equity awards in exchange for non-compete clauses, incurring pre-tax cash and non-cash charges of approximately $1,332,000, of which $376,000 are non-cash charges related to accelerated stock compensation expenses. Our current estimates of accounting charges related to the initiative as of December 31, 2013 are as follows:

Type of Cost	December 31, 2013

Salary Expense	$	616,000
Cash Incentive Plan	186,000
Stock Compensation Expense	376,000
Other Benefits	154,000
Total Restructuring Charges	$	1,332,000