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Asset Acquisition

9 Months Ended

Sep. 30, 2012

11.

Asset Acquisition

On March 8, 2012, the Company acquired certain technology from Amnor Technologies, Inc. for cash of $100 plus 44,000 shares of the Company’s common stock valued at $4.95 per share (the closing price on that date) and legal costs of $4. One fourth of the shares were issued initially with the balance to be issued one third annually on the anniversaries over the subsequent 3 years. The purchase price was valued at $322 (including $4 of transaction costs) at March 8, 2012 and is recorded as an intangible asset and included in other assets in the condensed consolidated balance sheet at September 30, 2012. This cost is being amortized over its estimated useful life of 3 years. Amortization expense of $27 and $63 was recognized during the three and nine months ended September 30, 2012 and is included in general and administrative expenses in the condensed consolidated statements of operations.