<SEC-DOCUMENT>0000840715-12-000022.txt : 20120515
<SEC-HEADER>0000840715-12-000022.hdr.sgml : 20120515
<ACCEPTANCE-DATETIME>20120515094545
ACCESSION NUMBER:		0000840715-12-000022
CONFORMED SUBMISSION TYPE:	10-Q
PUBLIC DOCUMENT COUNT:		13
CONFORMED PERIOD OF REPORT:	20120331
FILED AS OF DATE:		20120515
DATE AS OF CHANGE:		20120515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLEARONE COMMUNICATIONS INC
		CENTRAL INDEX KEY:			0000840715
		STANDARD INDUSTRIAL CLASSIFICATION:	RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663]
		IRS NUMBER:				870398877
		STATE OF INCORPORATION:			UT
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		10-Q
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-33660
		FILM NUMBER:		12841408

	BUSINESS ADDRESS:	
		STREET 1:		5225 WILEY POST WAY
		STREET 2:		SUITE 500
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84116
		BUSINESS PHONE:		8019757200

	MAIL ADDRESS:	
		STREET 1:		5225 WILEY POST WAY
		STREET 2:		SUITE 500
		CITY:			SALT LAKE CITY
		STATE:			UT
		ZIP:			84116

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENTNER COMMUNICATIONS CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GENTNER ELECTRONICS CORP
		DATE OF NAME CHANGE:	19910808
</SEC-HEADER>
<DOCUMENT>
<TYPE>10-Q
<SEQUENCE>1
<FILENAME>clro2012q1_10q.htm
<DESCRIPTION>CLEARONE COMMUNICATIONS - 10-Q - 2012 Q1
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
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<HEAD>
<TITLE>Converted by EDGARwiz</TITLE>
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<BODY style="margin-top:0;font-family:Times New Roman; font-size:10pt; color:#000000">
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<P style="margin:0px" align=center><B>UNITED STATES</B></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center><B>WASHINGTON, D.C.&#160;&#160;20549</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:18pt" align=center><B>FORM 10-Q</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">(Mark One)</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; width:18px; float:left">[x]</P>
<P style="margin:0px; padding-left:18px; text-indent:-2px; font-size:9pt"><B>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px; padding-left:18px; clear:left">For the quarterly period ended&#160;<U>March 31, 2012</U></P>
<P style="margin:0px; padding-left:96px">or</P>
<P style="margin-top:0px; margin-bottom:-2px; width:18px; float:left">[ ]</P>
<P style="margin:0px; padding-left:18px; text-indent:-2px; font-size:9pt"><B>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</B></P>
<P style="margin:0px; padding-left:18px; clear:left">For the transition period _______ to _______</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Commission file number: <B><U>001-33660</U></B></P>
<P style="margin:0px" align=center><img src="clro2012q1_10q001.jpg" alt="[clro2012q1_10q001.jpg]" align=middle></P>
<P style="margin:0px" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=361.2 /><TD width=60 /><TD width=265.2 /></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=361.2><P style="margin:0px" align=center><B>Utah</B></P>
</TD><TD style="margin-top:0px" valign=top width=60><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=265.2><P style="margin:0px" align=center><B>87-0398877</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=361.2><P style="margin:0px">(State or other jurisdiction of incorporation or organization)</P>
</TD><TD style="margin-top:0px" valign=top width=60><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px">(I.R.S. employer identification number)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=361.2><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=60><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=361.2><P style="margin:0px" align=center><B>5225 Wiley Post Way, Suite 500, Salt Lake City, Utah</B></P>
</TD><TD style="margin-top:0px" valign=top width=60><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=265.2><P style="margin:0px" align=center><B>84116</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=361.2><P style="margin:0px" align=center>(Address of principal executive offices)</P>
</TD><TD style="margin-top:0px" valign=top width=60><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px" align=center>(Zip Code)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=361.2><P style="margin:0px" align=center><BR></P>
</TD><TD style="margin-top:0px" valign=top width=60><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=265.2><P style="margin:0px" align=center><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=686.4 colspan=3><P style="margin:0px" align=center><B>(801) 975-7200</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=686.4 colspan=3><P style="margin:0px" align=center>(Registrant<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s telephone number, including area code)&#160;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Indicate by check whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. &nbsp;&nbsp;Yes &nbsp;[x] No [ ]</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (&#167;232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes &nbsp;[x] No [ ]</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">See the definition of <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>large accelerated filer, <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>accelerated filer<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> and <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>smaller reporting company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> in Rule 12b-2 of the Exchange Act.&#160;&#160;(Check one):</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=451.2 /><TD width=235.2 /></TR>
<TR><TD style="margin-top:0px" valign=top width=451.2><P style="margin-top:0px; margin-bottom:4px">Larger Accelerated Filer [ ]</P>
</TD><TD style="margin-top:0px" valign=top width=235.2><P style="margin-top:0px; margin-bottom:4px">Accelerated Filer&#160;&#160;[ ]</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=451.2><P style="margin-top:0px; margin-bottom:4px">Non-Accelerated Filer&#160;&#160;[ ] (Do not check if a smaller reporting company)</P>
</TD><TD style="margin-top:0px" valign=top width=235.2><P style="margin-top:0px; margin-bottom:4px">Smaller Reporting Company&#160;&#160; [x]</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).&#160; Yes [ ] No [x]</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>APPLICABLE ONLY TO CORPORATE ISSUERS:</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Indicate the number of shares outstanding of each of the issuer<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s classes of common stock, as of the latest practicable date.&#160;&#160; 9,098,215 shares issued and outstanding as of May 11, 2012.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>QUARTERLY REPORT ON FORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2012</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>INDEX</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0 align=center><TR height=0 style="font-size:0"><TD width=66.4 /><TD width=578.2 /><TD width=41.8 /></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right><B><U>Page</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=center><B>PART I <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> FINANCIAL INFORMATION</B></P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 1.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Consolidated Financial Statements</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px; padding-left:17.267px">Consolidated Balance Sheets as of March 31, 2012 and December 31, 2011</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>1</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px; padding-left:16.8px">Consolidated Statements of Operations for the three months ended March 31, 2012 and 2011</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>2</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px; padding-left:16.8px">Consolidated Statements of Cash Flows for the three months ended March 31, 2012 and 2011</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>3</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px; padding-left:16.8px">Notes to Consolidated Financial Statements</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>5</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 2.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Management<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s Discussion and Analysis of Financial Condition and Results of Operations</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>9</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 3.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Quantitative and Qualitative Disclosures About Market Risk</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 4.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Controls and Procedures</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=center><B>PART II <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> OTHER INFORMATION</B></P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 1.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Legal Proceedings</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 1A.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Risk Factors</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 2.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Unregistered Sales of Equity Securities and Use of Proceeds</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 3.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Defaults Upon Senior Securities</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 4. </P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Mine Safety Disclosures</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 5.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Other Information</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=66.4 height=9.6><P style="margin-top:0px; margin-bottom:8px">Item 6.</P>
</TD><TD style="margin-top:0px" valign=top width=578.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">Exhibits</P>
</TD><TD style="margin-top:0px" valign=top width=41.8 height=9.6><P style="margin-top:0px; margin-bottom:8px" align=right>17</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
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<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px" align=center><BR></P>
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<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><B>PART I <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> FINANCIAL INFORMATION</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><B>Item 1. &nbsp;FINANCIAL STATEMENTS</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center><B>CONSOLIDATED BALANCE SHEETS</B></P>
<P style="margin:0px" align=center><B>(Dollars in thousands, except par value)</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=374.667 /><TD width=109.333 /><TD width=129 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin:0px; font-size:9pt" align=center><B>Unaudited</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin:0px; font-size:9pt" align=center><B>Audited</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=34><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=109.333 height=34><P style="margin:0px; font-size:9pt" align=center><B>As of March 31, 2012</B></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=129 height=34><P style="margin:0px; font-size:9pt" align=center><B>As of December 31, 2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px" align=center><B>ASSETS</B></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Current assets:</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Cash and cash equivalents</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>10,577</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left" align=right>16,683&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=34><P style="margin:0px">Receivables, net of allowance for doubtful accounts of $68 and &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$149, respectively</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=34><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>7,100</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=34><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>8,457&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Inventories</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>14,475</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>12,565&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Deferred income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>3,025</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>2,987&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Prepaid expenses and other assets</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>1,846</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>740&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px; text-indent:13.333px">Total current assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>37,023</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>41,432&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Long-term inventories, net</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>2,449</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>1,905&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Property and equipment, net</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>2,210</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>2,338&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Intangibles, net</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>6,063</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>2,690&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Goodwill</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>1,939</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>1,153&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Other assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>67</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>41&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=18><P style="margin:0px; text-indent:13.333px">Total assets</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=109.333 height=18><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>49,751</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=129 height=18><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left" align=right>49,559&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=18><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px" align=center><B>LIABILITIES AND SHAREHOLDERS' EQUITY</B></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Current liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Accounts payable</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>1,830</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>2,814&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Accrued liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>2,753</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>2,534&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Deferred product revenue</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>3,822</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>3,404&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px; text-indent:13.333px">Total current liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>8,405</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>8,752&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Deferred income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>129</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>101&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Deferred rent</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>486</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>494&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Other long-term liabilities</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>563</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>548&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px; text-indent:13.333px">Total liabilities</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>9,583</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>9,895&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Shareholders' equity:</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=374.667 height=34><P style="margin:0px">Common stock, par value $0.001, 50,000,000 shares authorized, &nbsp;&nbsp;&nbsp;9,098,152 shares issued and outstanding</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=34><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>9</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=34><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>9&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px">Additional paid-in capital</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>40,124</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>40,073&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=17><P style="margin:0px">Retained earnings (accumulated deficit)</P>
</TD><TD style="margin-top:0px" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>35</P>
</TD><TD style="margin-top:0px" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>(418)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=374.667 height=17><P style="margin:0px; text-indent:13.333px">Total shareholders' equity</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=109.333 height=17><P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>40,168</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=129 height=17><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>39,664&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=374.667 height=18><P style="margin:0px; text-indent:13.333px">Total liabilities and shareholders' equity</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=109.333 height=18><P style="margin-top:0px; margin-right:-76px; margin-bottom:-2px; text-indent:9.333px; width:85.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:76px; float:left" align=right>49,751</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=129 height=18><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left" align=right>49,559&#160;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><I>See accompanying notes</I></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>1</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center><B>UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS</B></P>
<P style="margin:0px" align=center><B>(Dollars in thousands, except per share amounts)</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=283 /><TD width=111 /><TD width=111 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=16><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=222 height=16 colspan=2><P style="margin:0px; font-size:9pt" align=center><B>Three months ended March 31,</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:9pt; float:left" align=right><B>2012&#160;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; font-size:9pt; float:left" align=right><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px">Revenue</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>10,154&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>10,701</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Cost of goods sold</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>4,046&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>4,399</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px">Gross profit</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>6,108&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>6,302</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px">Operating expenses:</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Sales and marketing</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>2,134&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>1,983</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px">Research and product development</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>2,008&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>1,637</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">General and administrative</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>1,505&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>1,472</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px">Proceeds from litigation</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>(250)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>-</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Total operating expenses</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>5,397&#160;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>5,092</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Operating income</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>711&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>1,210</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Other income, net</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>16&#160;</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>11</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Income before income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>727&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>1,221</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Provision for income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>274&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>409</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=18><P style="margin:0px">Net income</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=111 height=18><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>453&#160;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=111 height=18><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>812</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=18><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Basic earnings per common share</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>0.05&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>0.09</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px">Diluted earnings per common share</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>0.05&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-right:-77.333px; margin-bottom:-2px; text-indent:9.333px; width:86.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:77.333px; float:left" align=right>0.09</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=283 height=17><P style="margin:0px">Basic weighted average shares outstanding</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>9,098,152&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>8,931,504</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=283 height=17><P style="margin:0px">Diluted weighted average shares outstanding</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>9,246,310&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=111 height=17><P style="margin-top:0px; margin-bottom:-2px; width:86.667px; float:left" align=right>9,122,671</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><I>See accompanying notes</I></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>2</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px; padding-right:42px" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; padding-right:42px" align=center><B>UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>
<P style="margin:0px; padding-right:42px" align=center><B>(Dollars in thousands)</B></P>
<P style="margin:0px" align=center><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=420 /><TD width=93 /><TD width=93 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=186 height=17 colspan=2><P style="margin:0px; font-size:9pt" align=center><B>Three months ended March 31,</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=16><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=16><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; font-size:9pt; float:left" align=right><B>2012&#160;</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=16><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; font-size:9pt; float:left" align=right><B>2011&#160;</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px">Cash flows from operating activities:</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px">Net income</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>453&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>812&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=9.6><P style="margin:0px">Adjustments to reconcile net income to net cash provided by (used in) operations:</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Depreciation and amortization expense</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>337&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>295&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Stock-based compensation</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>51&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>39&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Provision for doubtful accounts</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(59)</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(58)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=16><P style="margin:0px; text-indent:13.333px">Increase (decrease) in reserves against inventory</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=16><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>90&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=16><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(214)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px">Changes in operating assets and liabilities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Accounts receivable</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>1,416&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>1,396&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Inventories</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(2,224)</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(379)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Deferred income taxes</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(10)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>117&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Prepaid expenses and other assets</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(1,132)</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(54)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Accounts payable</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(984)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>1,082&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Income taxes payable</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(89)</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>121&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=18><P style="margin:0px; text-indent:13.333px">Accrued liabilities</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=18><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>309&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=18><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(1,269)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Deferred product revenue</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>418&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>258&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Other long-term assets and liabilities</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>15&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>53&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px">Net cash provided by (used in) operating activities</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(1,409)</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>2,199&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px">Cash flows from investing activities:</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Payment towards acquisition of VCON business</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(4,632)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>-&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Purchase of property and equipment </P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(65)</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(175)</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px">Net cash used in investing activities</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(4,697)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(175)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px">Cash flows from financing activities:</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Proceeds from the issuance of common stock - options</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>-&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>21&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px">Net cash provided by financing activities</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>-&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:1px solid #000000" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>21&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px">Net increase (decrease) in cash and cash equivalents</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>(6,106)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>2,045&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px">Cash and cash equivalents at the beginning of the period</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>16,683&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-bottom:-2px; width:69.333px; float:left" align=right>11,431&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=18><P style="margin:0px">Cash and cash equivalents at the end of the period</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=93 height=18><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>10,577&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=93 height=18><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>13,476&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=8><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px">Supplemental disclosure of cash flow information:</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Cash paid for interest</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>-&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=17><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>-&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=420 height=17><P style="margin:0px; text-indent:13.333px">Cash paid for income taxes</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>1,378&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=17><P style="margin-top:0px; margin-right:-60px; margin-bottom:-2px; text-indent:9.333px; width:69.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>-&#160;</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><I>See accompanying notes</I></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px" align=center><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>3</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px; padding-right:42px" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; padding-right:42px" align=center><B>UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS</B></P>
<P style="margin:0px; padding-right:42px" align=center><B>(Dollars in thousands)</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=justify>The Company acquired the business of VCON Video Conferencing, Ltd. and recorded the following assets and liabilities:</P>
<P style="margin:0px" align=justify><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=234 /><TD width=84 /></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">Inventory</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-right:-50.667px; margin-bottom:-2px; text-indent:9.333px; width:60px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:50.667px; float:left" align=right>320&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Property and equipment</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>34&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">Product warranty liability</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>(8)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Tradename</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>500&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">Patents and technological know-how</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>2,300&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Proprietary software</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>500&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">In-process research and development</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>200&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Goodwill</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>786&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=234 height=18><P style="margin:0px">Cash paid</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=84 height=18><P style="margin-top:0px; margin-right:-50.667px; margin-bottom:-2px; text-indent:9.333px; width:60px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:50.667px; float:left" align=right>4,632&#160;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px" align=center><I>See accompanying notes</I></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>4</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</B></P>
<P style="margin:0px" align=center><B>&#160;(Unaudited <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> Dollars in thousands)</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>1.&#160;&#160;Basis of Presentation</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The fiscal year for ClearOne Communications, Inc. and its subsidiaries (collectively, <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> or the <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Company<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) is the 12 months ending on December 31<FONT style="font-size:7pt">st</FONT>.&#160;&#160;The consolidated financial statements include the accounts of ClearOne and its subsidiaries. All significant intercompany accounts and transactions have been eliminated.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The accompanying interim consolidated financial statements for the three months ended&#160;March 31, 2012 and 2011 respectively have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>SEC<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) and are not audited. Certain information and footnote disclosures, that are usually included in financial statements prepared in accordance with generally accepted accounting principles in the United States (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>GAAP<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) have been either condensed or omitted in accordance with SEC rules and regulations. The accompanying consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of our financial position as of&#160;March 31, 2012 and December 31, 2011, the results of operations for the three months ended March 31, 2012 and 2011, and the statements of cash flows for the three months ended March 31, 2012 and 2011. The results of operations for the three months ended March 31, 2012 and 2011 are not necessarily indicative of the results for a full-year period.&#160;&#160;These interim consolidated financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011 filed with the SEC.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>2.&#160;&#160;Business Combination</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">On February 16, 2012, the Company completed the acquisition of the video conferencing business of Israel based VCON Video Conferencing, Ltd. (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>VCON<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) through an asset purchase agreement. VCON is a pioneer in software based video conferencing solutions with product offerings that include group video conferencing endpoints, desktop video conferencing endpoints, video conferencing infrastructure solutions and software development kits. This acquisition and the combination of streaming and digital signage technologies will provide us with complimentary technology opportunities allowing us to enter new growth markets. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Pursuant to the asset purchase agreement, the Company paid initial consideration of $4,632 in cash. This initial consideration is subject to a final working capital adjustment.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The Company believes that such information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. The measurement period for purchase price allocation ends as soon as information on the facts and circumstances becomes available, but will not exceed twelve months from the date of acquisition. Adjustments in the purchase price allocation may require a recasting of the amounts allocated to intangible assets and possible allocation to goodwill, retroactive to the period in which the acquisition occurred. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The fair value of identified assets and liabilities acquired and goodwill was as follows: </P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=234 /><TD width=84 /></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">Inventory</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-right:-50.667px; margin-bottom:-2px; text-indent:9.333px; width:60px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:50.667px; float:left" align=right>320&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Property and equipment</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>34&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">Product warranty liability</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>(8)</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Tradename</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>500&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">Patents and technological know-how</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>2,300&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Proprietary software</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>500&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" width=234 height=17><P style="margin:0px">In-process research and development</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>200&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" width=234 height=17><P style="margin:0px">Goodwill</P>
</TD><TD style="margin-top:0px" valign=bottom width=84 height=17><P style="margin-top:0px; margin-bottom:-2px; width:60px; float:left" align=right>786&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=234 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=84 height=18><P style="margin-top:0px; margin-right:-50.667px; margin-bottom:-2px; text-indent:9.333px; width:60px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:50.667px; float:left" align=right>4,632&#160;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>5</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</B></P>
<P style="margin:0px" align=center><B>&#160;(Unaudited <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> Dollars in thousands)</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Company incurred $187 towards acquisition related expenses, all of which are categorized under General and administrative expenses in the Consolidated Statement of Operations for the period ended March 31, 2012. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Supplemental Pro Forma information </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; float:left">1)</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Revenue and net loss from VCON business from February 16, 2012 to March 31, 2012 was $77 and ($152) respectively. </P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; float:left">2)</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Revenue and earnings of the combined entity as though the business combination occurred as of January 1, 2011:</P>
<P style="margin:0px; clear:left"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=264 /><TD width=93 /><TD width=14.8 /><TD width=93 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=264 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=200.8 height=9.6 colspan=3><P style="margin:0px; font-size:9pt" align=center><B>Three months ended March 31,</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=264 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:9pt; float:left" align=right><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:9pt; float:left" align=right><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=264 height=9.6><P style="margin:0px">Revenue</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>10,367</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>10,803</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=264 height=9.6><P style="margin:0px">Earnings</P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>409</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>647</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=264 height=9.6><P style="margin:0px">Basic and diluted earnings per common share</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>0.04</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>0.07</P>
</TD></TR>
</TABLE>
<P style="margin:0px">&nbsp;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; float:left">3)</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">There were no material, nonrecurring pro forma adjustments directly attributable to the acquisition included in this supplemental Pro Forma information. </P>
<P style="margin:0px; clear:left"><BR></P>
<P style="margin:0px"><B>3.&#160;&#160;Goodwill and Intangibles</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; color:#0000FF"><B><I>Goodwill</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The goodwill of $786 related to the acquisition of VCON is composed of expected synergies in utilizing VCON technology in ClearOne product offerings, reduction in future combined research and development expenses, and intangible assets including acquired workforce that do not qualify for separate recognition. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The goodwill balance of $786 related to the acquisition of VCON business is deductible for tax purposes. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; color:#0000FF"><B><I>Intangible Assets</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Intangible assets as of March 31, 2012 and December 31, 2011 consisted of the following: </P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=271.733 /><TD width=87.733 /><TD width=104.4 /><TD width=104.4 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=271.733 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=87.733 height=17><P style="margin:0px; font-size:8pt" align=center><B>Estimated useful lives</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=104.4 height=17><P style="margin:0px; font-size:8pt" align=center><B>As of </B></P>
<P style="margin:0px; font-size:8pt" align=center><B>March 31, 2012</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=104.4 height=17><P style="margin:0px; font-size:8pt" align=center><B>As of </B></P>
<P style="margin:0px; font-size:8pt" align=center><B>December 31, 2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=271.733 height=17><P style="margin:0px">Tradename</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=87.733 height=17><P style="margin:0px" align=center>7 years</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>935&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>435&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=271.733 height=17><P style="margin:0px">Patents and technological Know-how</P>
</TD><TD style="margin-top:0px" valign=bottom width=87.733 height=17><P style="margin:0px" align=center>10 years</P>
</TD><TD style="margin-top:0px" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>4,370&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>2,070&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=271.733 height=17><P style="margin:0px">Proprietary software</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=87.733 height=17><P style="margin:0px" align=center>3 to 5 years</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>894&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>394&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=271.733 height=17><P style="margin:0px">In-process research and development</P>
</TD><TD style="margin-top:0px" valign=bottom width=87.733 height=17><P style="margin:0px" align=center>Indefinite</P>
</TD><TD style="margin-top:0px" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>759&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>559&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=271.733 height=17><P style="margin:0px">Other</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=87.733 height=17><P style="margin-top:0px; margin-bottom:-2px; width:64px; float:left" align=right>5</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>49&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>49&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=271.733 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=87.733 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>7,007&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>3,507&#160;</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=271.733 height=17><P style="margin:0px">Accumulated Amortization</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=87.733 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>(944)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=104.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>(817)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=271.733 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=87.733 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=104.4 height=18><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>6,063&#160;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=104.4 height=18><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>2,690&#160;</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">During the three months ended March 31, 2012 and 2011, amortization of intangible assets were $127 and $88, respectively.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>6</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</B></P>
<P style="margin:0px" align=center><B>&#160;(Unaudited <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> Dollars in thousands)</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The estimated future amortization expense of intangible assets is as follows:</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=174 /><TD width=70.4 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin:0px; font-size:9pt"><B><U>Years ending December 31,</U></B></P>
</TD><TD style="margin-top:0px" valign=bottom width=70.4 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=17><P style="margin-top:0px; margin-bottom:-2px; width:150.667px; font-size:9pt; float:left" align=right>2012</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=70.4 height=17><P style="margin-top:0px; margin-right:-37.333px; margin-bottom:-2px; text-indent:9.333px; width:46.667px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:37.333px; font-size:9pt; float:left" align=right>635</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin-top:0px; margin-bottom:-2px; width:150.667px; font-size:9pt; float:left" align=right>2013</P>
</TD><TD style="margin-top:0px" valign=bottom width=70.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:46.667px; font-size:9pt; float:left" align=right>799</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=17><P style="margin-top:0px; margin-bottom:-2px; width:150.667px; font-size:9pt; float:left" align=right>2014</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=70.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:46.667px; font-size:9pt; float:left" align=right>782</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin-top:0px; margin-bottom:-2px; width:150.667px; font-size:9pt; float:left" align=right>2015</P>
</TD><TD style="margin-top:0px" valign=bottom width=70.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:46.667px; font-size:9pt; float:left" align=right>598</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=17><P style="margin-top:0px; margin-bottom:-2px; width:150.667px; font-size:9pt; float:left" align=right>2016</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=70.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:46.667px; font-size:9pt; float:left" align=right>560</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin-top:0px; margin-bottom:-2px; width:150.667px; font-size:9pt; float:left" align=right>2017</P>
</TD><TD style="margin-top:0px" valign=bottom width=70.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:46.667px; font-size:9pt; float:left" align=right>508</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=18><P style="margin-top:0px; margin-bottom:-2px; width:106.8px; font-size:9pt; float:left" align=right>Thereafter</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=70.4 height=18><P style="margin-top:0px; margin-bottom:-2px; width:46.667px; font-size:9pt; float:left" align=right>1,422</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1.333px solid #000000; border-bottom:3px double #000000" valign=bottom width=70.4 height=18><P style="margin-top:0px; margin-right:-37.333px; margin-bottom:-2px; text-indent:9.333px; width:46.667px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:37.333px; font-size:9pt; float:left" align=right>5,304</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>4. &#160;Inventories</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Inventories, net of reserves, consisted of the following:</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=174 /><TD width=118.4 /><TD width=118.4 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=118.4 height=17><P style="margin:0px; font-size:8pt" align=center><B>As of </B></P>
<P style="margin:0px; font-size:8pt" align=center><B>March 31, 2012</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=118.4 height=17><P style="margin:0px; font-size:8pt" align=center><B>As of </B></P>
<P style="margin:0px; font-size:8pt" align=center><B>December 31, 2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=17><P style="margin:0px">Current:</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin:0px; text-indent:13.333px">Raw materials</P>
</TD><TD style="margin-top:0px" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>927</P>
</TD><TD style="margin-top:0px" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>1,091</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=17><P style="margin:0px; text-indent:13.333px">Finished goods</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:94.667px; float:left" align=right>13,548</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:94.667px; float:left" align=right>11,474</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=118.4 height=18><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>14,475</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=118.4 height=18><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>12,565</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=18><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin:0px">Long-term:</P>
</TD><TD style="margin-top:0px" valign=bottom width=118.4 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=118.4 height=17><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=17><P style="margin:0px; text-indent:13.333px">Raw materials</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>827</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>444</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=174 height=17><P style="margin:0px; text-indent:13.333px">Finished goods</P>
</TD><TD style="margin-top:0px" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:94.667px; float:left" align=right>1,622</P>
</TD><TD style="margin-top:0px" valign=bottom width=118.4 height=17><P style="margin-top:0px; margin-bottom:-2px; width:94.667px; float:left" align=right>1,461</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=174 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=118.4 height=18><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>2,449</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=118.4 height=18><P style="margin-top:0px; margin-right:-85.333px; margin-bottom:-2px; text-indent:9.333px; width:94.667px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:85.333px; float:left" align=right>1,905</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Long-term inventory represents inventory held in excess of our current requirements based on our recent sales and forecasted level of sales. We expect to sell the above inventory, net of reserves, at or above the stated cost and believe that no loss will be incurred on its sale.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Current finished goods include consigned inventory in the amounts of approximately $1,441 and $1,199 as of&#160;March 31, 2012 and December 31, 2011, respectively. Consigned inventory represents inventory at distributors and other customers where revenue recognition criteria have not been achieved.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">During the three months ended March 31, 2012, losses amounting to $90 were incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>5.&#160;&#160;Share-based Compensation</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Share-based compensation expense has been allocated as follows:</P>
<P style="margin:0px">&#160;</P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=201.067 /><TD width=20.933 /><TD width=93 /><TD width=14.8 /><TD width=93 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=201.067 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=20.933 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=200.8 height=9.6 colspan=3><P style="margin:0px; font-size:9pt" align=center><B>Three months ended March 31,</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=201.067 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=20.933 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:9pt; float:left" align=right><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:9pt; float:left" align=right><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=201.067 height=9.6><P style="margin:0px">Cost of goods sold</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=20.933 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>1</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>-</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=201.067 height=9.6><P style="margin:0px">Sales and marketing</P>
</TD><TD style="margin-top:0px" valign=top width=20.933 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>13</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>4</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=201.067 height=9.6><P style="margin:0px">Research and development</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=20.933 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>7</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>4</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=201.067 height=9.6><P style="margin:0px">General and administrative</P>
</TD><TD style="margin-top:0px" valign=top width=20.933 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>30</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>31</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=201.067 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=20.933 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>51</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>39</P>
</TD></TR>
</TABLE>
<P style="margin-top:0px; margin-bottom:13.333px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>7</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px" align=center><B>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</B></P>
<P style="margin:0px" align=center><B>&#160;(Unaudited <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> Dollars in thousands)</B></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px">As of&#160;March 31, 2012 the total remaining unrecognized compensation cost related to non-vested stock options, net of forfeitures, was approximately $530.</P>
<P style="margin:0px">During the three months ended March 31, 2012 and 2011, we granted 30,000 and 0 stock options respectively. We use judgment in determining the fair value of the share-based payments on the date of grant using an option-pricing model with assumptions regarding a number of highly complex and subjective variables.&#160;&#160;These variables include the risk-free interest rate of the awards, the expected life of the awards, the expected volatility over the term of the awards, the expected dividends of the awards, and an estimate of the amount of awards that are expected to be forfeited.&#160;&#160;We use the Black-Scholes option pricing model to determine the fair value of share-based payments granted under ASC Topic 718.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>6.&#160;&#160;Shareholders<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font> Equity</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The following table summarizes the change in shareholders<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font> equity during the three months ended March 31, 2012 and 2011, respectively:</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=234 /><TD width=15.733 /><TD width=93 /><TD width=14.8 /><TD width=93 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=234 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=15.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=200.8 height=9.6 colspan=3><P style="margin:0px; font-size:9pt" align=center><B>Three months ended March 31,</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=234 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=15.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:9pt; float:left" align=right><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; font-size:9pt; float:left" align=right><B>2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=234 height=9.6><P style="margin:0px">Balance at the beginning of the period</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=15.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>39,664</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>31,735</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=234 height=9.6><P style="margin:0px">Net income during the period</P>
</TD><TD style="margin-top:0px" valign=top width=15.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>453</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>812</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=234 height=9.6><P style="margin:0px">Stock based compensation</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=15.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>51</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>39</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=234 height=9.6><P style="margin:0px">Exercise of stock options</P>
</TD><TD style="margin-top:0px" valign=top width=15.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>-</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:81.333px; float:left" align=right>21</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=234 height=9.6><P style="margin:0px">Balance at end of the period</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=15.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>40,168</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=93 height=9.6><P style="margin-top:0px; margin-right:-72px; margin-bottom:-2px; text-indent:9.333px; width:81.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:72px; float:left" align=right>32,607</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><B>7. Proceeds from litigation</B></P>
<P style="margin:0px" align=justify>During the three months ended March 31, 2011, $250 was received as a settlement of amounts due from a defendant in our litigation related to the <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Theft of ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s Intellectual Property and related cases<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> described in detail in Form 10-K for the year ended &nbsp;December 31, 2011. </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><B>8. Income Taxes</B></P>
<P style="margin:0px">The total outstanding balance for liabilities related to unrecognized tax benefits at March 31, 2012 was approximately $563, of which $35 was associated with interest and penalties. We account for interest expense and penalties for unrecognized tax benefits as part of our income tax provision.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Accrued liabilities as of March 31, 2012 and December 31, 2011 include accrued income taxes payable of $211 and $300, respectively.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><B>9. Commitments and Contingencies</B></P>
<P style="margin:0px">The Company entered in to a consulting arrangement for a period of 12 months.&#160; The consulting arrangement provides for a fixed fee of approximately $180 with additional maximum incentive-based fees of approximately $20 associated with accomplishing specific milestones.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>10. Subsequent Events</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The Company evaluated its consolidated financial statements as of and for the three months ended&#160;March 31, 2012 for subsequent events through the date the financial statements were issued. The Company is not aware of any subsequent event which would require recognition or disclosure in the financial statements.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>8</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 2.&#160;&#160;MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><I>This report on Form 10-Q includes <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>forward-looking statements<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Exchange Act<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>).&#160;&#160;All statements in this report, other than statements of historical fact, are forward-looking statements for purposes of these provisions, including any projections of earnings, revenues or other financial items, any statements of the plans and objectives of management for future operations, any statements concerning proposed new products or services, any statements regarding future economic conditions or performance, and any statements of assumptions underlying any of the foregoing.&#160;&#160;All forward-looking statements included in this report are made as of the date hereof and are based on information available to us as of such date.&#160;&#160;We assume no obligation to update any forward-looking statement.&#160;&#160;&#160;In some cases, forward-looking statements can be identified by the use of terminology such as <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>may,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>will,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>expects,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>plans,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>anticipates,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>&#160;&#160;<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>intends,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>believes,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>estimates,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>potential,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> or <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>continue,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> or the negative thereof or other comparable terminology.&#160;&#160;Although we believe that the expectations reflected in the forward-looking statements contained herein are reasonable, there can be no assurance that any such expectations or any forward-looking statement will prove to be correct.&#160;&#160;Our actual results will vary, and may vary materially, from those projected or assumed in the forward-looking statements.&#160;&#160;Future financial condition and results of operations, as well as any forward-looking statements, are subject to inherent risks and uncertainties, including, without limitation, product recalls and product liability claims; infringement of our technology or assertion that our technology infringes the rights of other parties; termination of supplier relationships, or failure of suppliers to perform; inability to successfully manage growth; delays in obtaining regulatory approvals or the failure to maintain such approvals; concentration of our revenue among a few customers, products or procedures; development of new products and technology that could render our products obsolete; market acceptance of new products; introduction of products in a timely fashion; price and product competition, availability of labor and materials, cost increases, and fluctuations in and obsolescence of inventory; volatility of the market price of our common stock; foreign currency fluctuations; changes in key personnel; work stoppage or transportation risks; and other factors referred to in our press releases and reports filed with the SEC, including our Annual Report on Form 10-K for the year ended December 31, 2011. All subsequent forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements.&#160;&#160;Additional factors that may have a direct bearing on our operating results are discussed in Part I, Item 1A <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Risk Factors<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> in our Annual Report on Form 10-K for the year ended December 31, 2011.</I></P>
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<P style="margin:0px"><B>Business Overview</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px">We are a global communications solutions company that develops and sells conferencing, collaboration, and streaming multimedia systems for audio, video, and web applications. The reliability, flexibility and performance of our advanced and comprehensive solutions enhance the quality of life through better communication, education, and entertainment.</P>
<P style="line-height:11.4pt; margin:0px; font-size:12pt">&#160;</P>
<P style="line-height:11.4pt; margin:0px">We develop, manufacture, market, and service a comprehensive line of high-quality audio conferencing products for personal use as well as traditional tabletop, mid-tier premium and higher end professional products for both large and small businesses. We occupy the number one global market share position, with nearly 50% market share in the professional audio conferencing market for&#160;professional products used by large businesses and organizations such as enterprise, healthcare, education and distance learning, government, legal and finance.&#160;&#160;Our conferencing solutions save organizations time and money by creating a natural environment for collaboration.</P>
<P style="line-height:11.4pt; margin:0px; font-size:12pt">&#160;</P>
<P style="line-height:11.4pt; margin:0px">NetStreams&#174; DigilinX, the ClearOne brand for residential multimedia streaming and control, and VIEW<font style='font-family:Arial Unicode MS,Times New Roman'>&#8482;</font>, the ClearOne brand for commercial multimedia streaming and control, deliver a superior IP A/V experience by streaming high definition audio and video (multimedia) and control over TCP/IP LAN networks. <FONT style="background-color:#FFFF00">&nbsp;</FONT></P>
<P style="line-height:11.4pt; margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px">NetStreams' technology&#160;is used in a wide variety of applications including digital signage, corporate video streaming, network operations centers, distance education, and in venues for hospitality and entertainment as well as casinos. </P>
<P style="line-height:11.4pt; margin:0px; font-size:12pt">&#160;</P>
<P style="line-height:11.4pt; margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>9</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px">ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s products, designed for commercial and residential use, offer outstanding levels of performance, functionality, simplicity, reliability, and scalability. By combining audio and or video content, meta-data and control signals into one stream, over existing Internet Protocol networks,&#160;in harmony with industry standards, ClearOne's newly patented StreamNet&#174; solutions enable the <B><I>Power of AV over IP</I></B><font style='font-family:Arial Unicode MS,Times New Roman'>&#8482;</font> for bourgeoning markets such as digital signage, enterprise multimedia streaming and home entertainment.&#160;&#160;Also sold under the NetStreams residential brand are non-IP multimedia distribution solutions for economical multimedia residential streaming applications.</P>
<P style="line-height:11.4pt; margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px">On September 2, 2011, we acquired the business of Oregon based MagicBox, Inc., a developer and marketer of a variety of hardware and software solutions to deliver digital content and information to digital displays. This acquisition significantly broadens ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s current StreamNet offerings and expands its digital signage product portfolio with tools for content and playlist creation and management. The MagicBox content management and its database integration software complement ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s StreamNet systems. &nbsp;The StreamNet and MagicBox technologies are an excellent fit to deliver on the challenging requirements for any digital signage provider to distribute content over a local area network while maintaining content and scheduling alignment. As a result of this acquisition and the combination of StreamNet and Magicbox technologies we are the only company to offer complete end-to-end digital signage content management, IP streaming, and control solutions. </P>
<P style="line-height:11.4pt; margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px">On February 16, 2012, we acquired the business of Israel based VCON Video Conferencing, Ltd (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>VCON<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) for approximately $4.6 million in cash. The acquisition presents us with new global market opportunities and will facilitate accelerated product development. VCON is a pioneer in software based video conferencing solutions with product offerings that include group video conferencing endpoints, desktop video conferencing endpoints, video conferencing infrastructure solutions and software development kits. This acquisition and the combination of streaming and digital signage technologies will provide us with complimentary technology opportunities allowing us to enter new growth markets.</P>
<P style="line-height:11.4pt; margin:0px"><BR></P>
<P style="line-height:11.4pt; margin:0px">Our business goals are to:</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Leverage on the streaming, digital signage and video conference technologies we acquired recently to enter new growth markets.</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; clear:left; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Maintain our global market share leadership of professional audio conferencing products for large businesses and organizations;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; clear:left; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Focus on the small and medium business (SMB) market with scaled, lower cost and less complex products and solutions;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; clear:left; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Capitalize on the growing adoption of unified communications and introduce new products by entering Information Technology&#160;&#160;channels;</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; clear:left; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Partner with large enterprise communications providers worldwide to bring value added products to their solution portfolios and channels; </P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; clear:left; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Capitalize on emerging market opportunities as audio video, information technology, unified communications and traditional digital signage converge to meet enterprise and commercial multimedia needs; and</P>
<P style="margin-top:0px; margin-bottom:-2px; text-indent:24px; width:48px; font-family:Symbol; clear:left; float:left">&#183;</P>
<P style="margin:0px; padding-left:48px; text-indent:-2px">Expand and strengthen sales channels</P>
<P style="line-height:11.4pt; margin:0px; clear:left">&#160;</P>
<P style="margin-top:0px; margin-bottom:13.333px">We will continue to improve our existing high-quality products and develop new products for the bourgeoning&#160;conferencing and collaboration, and multimedia streaming markets and focus on strategic initiatives to achieve our business goals.</P>
<P style="margin:0px">Our revenues were $10.2 million and $10.7 million during the quarters ended March 31, 2012 and 2011, respectively. Our gross profit&#160;decreased by $194,000 during the quarter ended March 31, 2012 compared to the quarter ended March 31, 2011. &nbsp;Net income decreased to $453,000 during the quarter ended&#160;March 31, 2012 compared to net income of $812,000 during the quarter ended March 31, 2011. The decrease in revenues was &nbsp;primarily due to a decline in revenue from EMEA and softer sales in the Americas. Net income declined due to reduced revenue, added costs due to acquisitions and higher research and development spending. </P>
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<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>10</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We expect the recent acquisitions and new product introductions to start contributing to revenue in the near future. &nbsp;The prospects of growth in both revenues and profits in the near future would depend on the strength of the global economy, especially the recovery of European markets. &nbsp;We continue to monitor closely the global economic events and continue our existing measures to control costs and invest in strategic products and initiatives. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">A detailed discussion of our results of operations follows below.</P>
<P style="margin:0px">&#160;</P>
<P style="margin-top:0px; margin-bottom:13.333px"><B>Analysis of Results of Operations</B></P>
<P style="margin:0px"><B><I>Results of Operations for the quarter ended March 31, 2012 and 2011</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The following table sets forth certain items from our unaudited condensed consolidated statements of operations (dollars in thousands) for the quarters ended March 31, 2012 and 2011 respectively, together with the percentage of total revenue which each such item represents:</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=215.733 /><TD width=14.8 /><TD width=75.667 /><TD width=57.867 /><TD width=14.8 /><TD width=67.133 /><TD width=65 /><TD width=14.8 /><TD width=72.267 /><TD width=60.8 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=280.467 height=17 colspan=5><P style="margin:0px; font-size:9pt" align=center><B>Quarter ended March 31,</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=133.067 height=17 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Variance</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=133.533 height=17 colspan=2><P style="margin:0px; font-size:9pt" align=center><B>2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=132.133 height=17 colspan=2><P style="margin:0px; font-size:9pt" align=center><B>2011</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=133.067 height=17 colspan=2><P style="margin:0px; font-size:8pt" align=center><B>Favorable (Unfavorable)</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=29><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=29><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=75.667 height=29><P style="margin:0px; font-size:9pt" align=center><B>Amount</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=57.867 height=29><P style="margin:0px; font-size:9pt" align=center><B>% of Revenue</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=29><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=67.133 height=29><P style="margin:0px; font-size:9pt" align=center><B>Amount</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=65 height=29><P style="margin:0px; font-size:9pt" align=center><B>% of Revenue</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=29><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=72.267 height=29><P style="margin:0px; font-size:9pt" align=center><B>Amount</B></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=60.8 height=29><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=215.733 height=17><P style="margin:0px; font-size:9pt">Revenue</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-right:-45.333px; margin-bottom:-2px; text-indent:8px; width:53.333px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>10,154&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>100.0%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-right:-42.667px; margin-bottom:-2px; text-indent:5.333px; width:48px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:42.667px; font-size:9pt; float:left" align=right>10,701</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>100.0%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-right:-38.667px; margin-bottom:-2px; text-indent:9.333px; width:48px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:38.667px; font-size:9pt; float:left" align=right>(547)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-5.1%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=17><P style="margin:0px; font-size:9pt">Cost of goods sold</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>4,046&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>39.8%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>4,399</P>
</TD><TD style="margin-top:0px" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>41.1%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>353&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>8.0%</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=215.733 height=17><P style="margin:0px; text-indent:12px; font-size:9pt">Gross profit</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>6,108&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>60.2%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>6,302</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>58.9%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>(194)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-3.1%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=17><P style="margin:0px; font-size:9pt">Sales and marketing</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>2,134&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>21.0%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>1,983</P>
</TD><TD style="margin-top:0px" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>18.5%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>(151)</P>
</TD><TD style="margin-top:0px" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-7.6%</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=215.733 height=17><P style="margin:0px; font-size:9pt">Research and product development</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>2,008&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>19.8%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>1,637</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>15.3%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>(371)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-22.7%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=17><P style="margin:0px; font-size:9pt">General and administrative</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>1,505&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>14.8%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>1,472</P>
</TD><TD style="margin-top:0px" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>13.8%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>(33)</P>
</TD><TD style="margin-top:0px" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-2.2%</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=215.733 height=17><P style="margin:0px; font-size:9pt">Proceeds from litigation</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>(250)</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>-2.5%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>-</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>-&#160;&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>250&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>100.0%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=17><P style="margin:0px; text-indent:12px; font-size:9pt">Operating income</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>711&#160;</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>7.0%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>1,210</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>11.3%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>(499)</P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-41.2%</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=215.733 height=17><P style="margin:0px; font-size:9pt">Other income, net</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>16&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>0.2%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>11</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>0.1%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>5&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>45.5%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=17><P style="margin:0px; text-indent:12px; font-size:9pt">Income before income taxes</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>727&#160;</P>
</TD><TD style="margin-top:0px" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>7.2%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>1,221</P>
</TD><TD style="margin-top:0px" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>11.4%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>(494)</P>
</TD><TD style="margin-top:0px" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-40.5%</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=215.733 height=17><P style="margin:0px; text-indent:12px; font-size:9pt">Provision for income taxes</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=75.667 height=17><P style="margin-top:0px; margin-bottom:-2px; width:53.333px; font-size:9pt; float:left" align=right>274&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=57.867 height=17><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>2.7%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=67.133 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>409</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=65 height=17><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>3.8%</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=17><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=72.267 height=17><P style="margin-top:0px; margin-bottom:-2px; width:48px; font-size:9pt; float:left" align=right>135&#160;</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-bottom:1px solid #000000" valign=bottom width=60.8 height=17><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>33.0%</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=215.733 height=18><P style="margin:0px; text-indent:12px; font-size:9pt">Net income</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=75.667 height=18><P style="margin-top:0px; margin-right:-45.333px; margin-bottom:-2px; text-indent:8px; width:53.333px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>453&#160;</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=57.867 height=18><P style="margin-top:0px; margin-bottom:-2px; width:41.333px; font-size:9pt; float:left" align=right>4.5%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=67.133 height=18><P style="margin-top:0px; margin-right:-42.667px; margin-bottom:-2px; text-indent:5.333px; width:48px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:42.667px; font-size:9pt; float:left" align=right>812</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=65 height=18><P style="margin-top:0px; margin-bottom:-2px; width:45.333px; font-size:9pt; float:left" align=right>7.6%</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=18><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=72.267 height=18><P style="margin-top:0px; margin-right:-38.667px; margin-bottom:-2px; text-indent:9.333px; width:48px; font-size:9pt; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:38.667px; font-size:9pt; float:left" align=right>(359)</P>
</TD><TD style="margin-top:0px; border-bottom:3px double #000000" valign=bottom width=60.8 height=18><P style="margin-top:0px; margin-bottom:-2px; width:44px; font-size:9pt; float:left" align=right>-44.2%</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px; color:#0000FF"><B><I>Revenue</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Revenue for the quarter ended March 31, 2012 (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>2012 Q1<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) decreased by approximately 5% over the quarter ended March 31, 2011 (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>2011 Q1<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>). The decrease in revenue affected all product categories and was primarily caused by the economic uncertainty in the European markets due to debt crisis, lower demand from the government sector in North America and slowdown in Asian markets. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">During 2012 Q1 and 2011 Q1, the net change in deferred revenue was a net deferral of revenue of $418,000 and $258,000 respectively. See <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Critical Accounting Policies and Estimates<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> under <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Revenue and Associated Allowance for Revenue Adjustments and Doubtful Accounts<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> below for a detailed discussion of deferred revenue.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; color:#0000FF"><B><I>Costs of Goods Sold and Gross Profit</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Costs of goods sold include expenses associated with finished goods purchased from electronic manufacturing services (EMS) providers, in addition to other operating expenses, which include material and direct labor, our manufacturing and operations organization, property and equipment depreciation, warranty expenses, freight expenses, royalty payments, and the allocation of overhead expenses.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Our gross profit margin, which is gross profit as a percentage of revenue, was 60% and 59% in 2012 Q1 and 2011 Q1, respectively.&#160;&#160;<FONT style="background-color:#FFFF00"> </FONT></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>11</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; color:#0000FF"><B><I>Operating Expenses</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">2012 Q1 operating expenses excluding litigation proceeds of $250,000 were approximately $5.6 million, an increase of approximately $555,000 from $5.1 million in 2011 Q1 or an increase of 11%. &nbsp;The litigation proceeds of $250,000 represents a receipt of a settlement of amounts due from a defendant in our litigation related to the <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Theft of ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s Intellectual Property and related cases<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> described in detail in Form 10-K for the year ended &nbsp;December 31, 2011.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><I>Sales and Marketing (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>S&amp;M<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) Expenses.</I> S&amp;M expenses include selling, customer service, and marketing expenses such as employee-related costs, allocations of overhead expenses, trade shows, and other advertising and selling expenses.&#160;&#160;&#160;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">S&amp;M expenses during 2012 Q1 increased by approximately $151,000, or 8%, when compared to 2011 Q1. The increase in S&amp;M expenses during 2012 Q1 was primarily due to increased employee-related costs due to added headcount consequent to recent acquisitions and increased marketing expenses partially offset by a reduction in commissions to independent sales agents. </P>
<P style="margin:0px; font-size:9.5pt">&nbsp;</P>
<P style="margin:0px"><I>Research and Development (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>R&amp;D<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) Expenses.</I>&#160;&#160;R&amp;D expenses include research and development and product line management, including employee-related costs, outside services, expensed materials and depreciation, and an allocation of overhead expenses.&#160;&#160;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">R&amp;D expenses during 2012 Q1 increased by $371,000, or 23%, compared to R&amp;D expenses during 2011 Q1. The decrease was primarily due to increases in employee-related costs due to recent acquisitions and project related costs. </P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px"><I>General and Administrative (<font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>G&amp;A<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>) Expenses.</I> &#160;&#160;G&amp;A expenses include employee-related costs, professional service fees, allocations of overhead expenses, litigation costs, and corporate administrative costs, including finance, information technology and human resources.&#160;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">G&amp;A expenses during 2012 Q1 increased by $33,000, or 2%, compared to expenses during 2011 Q1. The increase was primarily due to increased legal costs related to the acquisition of the business of VCON, amortization of intangibles and bank fees partially offset by reduction in executive bonus, recruitment costs and consulting expenses. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We continue to incur high legal expenses due to various litigation issues explained in detail in Form 10-K for the year ended &nbsp;December 31, 2011. </P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px; color:#0000FF"><B><I>Other income (expense), net</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Other income (expense), net, includes interest income, interest expense, gain (loss) on the disposal of assets, and currency gain (loss).</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; color:#0000FF"><B><I>Provision for income taxes</I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">During 2012 Q1, we accrued income taxes at the expected annualized rate of 37.7% as compared to annualized rate of 33.5% in 2011 Q1. The increase in the expected annualized rate in 2012 Q1 was primarily due to the expiration of federal R&amp;D credit on December 31, 2011.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Liquidity and Capital Resources</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">As of&#160;March 31, 2012, our cash and cash equivalents were approximately $10.6 million, a decrease of $6.1 million compared to cash and cash equivalents of approximately $16.7 million as of December 31, 2011.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>12</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Net cash used in operating activities was $1.4 million in 2012 Q1, a decrease of approximately $3.6 million compared to $2.2 million cash provided by operating activities in 2011 Q1. The decrease was primarily due to increases in inventories and prepaid expenses and a decrease in accounts payable partially offset by a decrease in accounts receivables. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Net cash used in investing activities in 2012 Q1 was approximately $4.7 million, which consisted of the acquisition of the business of VCON for $4.6 million and $65,000 towards purchases of equipment. Net cash used in investing activities in 2011 Q1 consisted of the purchase of equipment of approximately $175,000. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">As of March 31, 2012 our working capital was $28.6 million as compared to $32.7 million as of December 31, 2011.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We believe that future income from operations and effective management of working capital will provide the liquidity needed to meet our short-term and long-term operating requirements and finance our growth plans. We also believe that our strong financial position and solid business model will help us raise additional capital when needed to meet our short and long-term financing needs. In addition to capital expenditures, we may use cash in the near future for selective investments in technological, marketing or product manufacturing capabilities to broaden our product offerings, and acquisitions that may strategically fit our business and are accretive to our business performance. However, no assurance can be given that changes will not occur that would consume available capital resources at a rate more rapidly than anticipated and we may need or want to raise additional capital through debt or equity financing to fund our operations within this period of time.</P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px"><B>CRITICAL ACCOUNTING POLICIES AND ESTIMATES</B></P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px">Our discussion and analysis of our results of operations and financial position are based upon our consolidated financial statements, which have been prepared in conformity with U.S. generally accepted accounting principles. We review the accounting policies used in reporting our financial results on a regular basis. The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. We evaluate our assumptions and estimates on an ongoing basis and may employ outside experts to assist in our evaluations. We believe that the estimates we use are reasonable; however, actual results could differ from those estimates. </P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px">Our significant accounting policies are described in Note 2 of the Notes to the Consolidated Financial Statements included in our Annual Report on Form 10-K for the year ended December 31, 2011. We believe the policies described below identify our most critical accounting policies, which are the policies that are both important to the representation of our financial condition and results and require our most difficult, subjective or complex judgments, often as a result of the need to make estimates about the effect of matters that are inherently uncertain.</P>
<P style="margin:0px">&#160;</P>
<P style="margin-top:0px; margin-bottom:8px; color:#0000FF"><B><I>Revenue and Associated Allowances for Revenue Adjustments and Doubtful Accounts</I></B><FONT style="color:#000000">&#160;</FONT></P>
<P style="margin:0px">Included in continuing operations is product revenue, primarily from product sales to distributors, dealers, and end-users. Product revenue is recognized when (i) the products are shipped and any right of return expires, (ii) persuasive evidence of an arrangement exists, (iii) the price is fixed and determinable, and (iv) collection is reasonably assured.</P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px">We provide a right of return on product sales to major distributors under a product rotation program. Under this seldom used program, a distributor is allowed to return, once a quarter, products purchased during the prior 180 days for a total value generally not exceeding 15% of the distributor<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s net purchases during the preceding quarter. The distributor is, however, required to place a new purchase order for an amount not less than the value of products returned under the stock rotation program. When products are returned, the associated revenue, cost of goods sold, inventory and accounts receivable originally recorded are reversed. When the new order is placed, the revenue, associated cost of goods sold, inventory and accounts receivable are recorded and the product revenue is subject to deferral analysis as described below. In a small number of cases, the distributors are also permitted to return the products for other business reasons.</P>
<P style="margin:0px">&#160;</P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>13</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Revenue from product sales to distributors is not recognized until the return privilege has expired or it can be determined with reasonable certainty that the return privilege has expired, which approximates when product is sold-through to customers of our distributors (dealers, system integrators, value-added resellers, and end-users) rather than when the product is initially shipped to a distributor. We evaluate, at each quarter-end, the inventory in the channel through information provided by our distributors. The level of inventory in the channel will fluctuate up or down, each quarter, based upon our distributors<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font> individual operations. Accordingly, each quarter-end deferral of revenue and associated cost of goods sold is calculated and recorded based upon the actual channel inventory reported at quarter-end. Further, with respect to distributors and other channel partners not reporting channel inventory, the revenue and associated cost of goods sold are deferred until we receive payment for the product sales made to such distributors or channel partners.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The accuracy of the deferred revenue and costs depend to a large extent on the accuracy of the inventory reports provided by our distributors and other resellers and any material error in those reports would affect our revenue deferral. However, we believe that the controls we have in place including periodic physical inventory verifications and analytical reviews would help us identify and prevent any material errors in such reports.</P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px">The amounts of deferred cost of goods sold were included in consigned inventory. The following table details the amount of deferred revenue, cost of goods sold, and gross profit (dollars in thousands):</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=234 /><TD width=17.733 /><TD width=116.8 /><TD width=14.8 /><TD width=111.2 /></TR>
<TR><TD style="margin-top:0px" valign=bottom width=234 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=17.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=242.8 height=9.6 colspan=3><P style="margin:0px; font-size:9pt" align=center><B>As of</B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=234 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=17.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=116.8 height=9.6><P style="margin:0px; font-size:9pt" align=center><B>March 31, 2012</B></P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=bottom width=111.2 height=9.6><P style="margin:0px; font-size:9pt" align=center><B>December 31, 2011</B></P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=234 height=9.6><P style="margin:0px">Deferred Revenue</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=17.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=116.8 height=9.6><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left" align=right>3,822</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=111.2 height=9.6><P style="margin-top:0px; margin-right:-90.667px; margin-bottom:-2px; text-indent:9.333px; width:100px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:90.667px; float:left" align=right>3,404</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=bottom width=234 height=9.6><P style="margin:0px">Deferred Cost of Goods Sold</P>
</TD><TD style="margin-top:0px" valign=top width=17.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=116.8 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:105.333px; float:left" align=right>1,441</P>
</TD><TD style="margin-top:0px" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=bottom width=111.2 height=9.6><P style="margin-top:0px; margin-bottom:-2px; width:100px; float:left" align=right>1,199</P>
</TD></TR>
<TR><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=234 height=9.6><P style="margin:0px">Deferred Gross Profit</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=top width=17.733 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=116.8 height=9.6><P style="margin-top:0px; margin-right:-96px; margin-bottom:-2px; text-indent:9.333px; width:105.333px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:96px; float:left" align=right>2,381</P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3" valign=bottom width=14.8 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px; background-color:#B7D2E3; border-top:1px solid #000000; border-bottom:3px double #000000" valign=bottom width=111.2 height=9.6><P style="margin-top:0px; margin-right:-90.667px; margin-bottom:-2px; text-indent:9.333px; width:100px; float:left">$</P>
<P style="margin-top:0px; margin-bottom:-2px; width:90.667px; float:left" align=right>2,205</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px">We offer rebates and market development funds to certain of our distributors, dealers/resellers, and end-users based upon volume of product purchased by them. We record rebates as a reduction of revenue in accordance with GAAP.</P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px">We offer credit terms on the sale of our products to a majority of our customers and perform ongoing credit evaluations of our customers<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font> financial condition. We maintain an allowance for doubtful accounts for estimated losses resulting from the inability or unwillingness of our customers to make required payments based upon our historical collection experience and expected collectability of all accounts receivable. Our actual bad debts in future periods may differ from our current estimates and the differences may be material, which may have an adverse impact on our future accounts receivable and cash position.</P>
<P style="margin:0px"><B>&#160;</B></P>
<P style="margin-top:0px; margin-bottom:8px; color:#0000FF"><B><I>Impairment of Goodwill and Intangible Assets</I></B></P>
<P style="margin:0px">We allocated the purchase price of our acquisition of NetStreams, Inc. and the business of Magic Box, Inc. on the basis of well established valuation techniques performed by qualified experts. The purchase price towards the acquisition of the business of VCON Video Conferencing, Ltd. has been allocated on a provisional basis pending full expert valuation. Goodwill is measured as the excess of the fair value of acquisition consideration over the sum of the fair values of tangible and identifiable intangible assets acquired less liabilities assumed. We intend to perform impairment tests of goodwill and intangible assets with an indefinite useful life, on an annual basis in the fourth fiscal quarter, or sooner if a triggering event occurs suggesting possible impairment of the values of these assets. As of March 31, 2012, $1.9 million and $759,000 have been recorded as goodwill and intangible assets with an indefinite useful life, respectively. </P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px">In response to changes in industry, technology and competitive circumstances we might be required to exit or dispose of the acquired businesses, which could result in an impairment of goodwill and intangible assets.</P>
<P style="margin-top:0px; margin-bottom:8px; color:#0000FF"><B><I>Impairment of Long-Lived Assets</I></B></P>
<P style="margin:0px">We assess the impairment of long-lived assets, such as property and equipment and definite-lived intangibles subject to amortization, annually or whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. </P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
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<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>14</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset or asset group to estimated future undiscounted net cash flows of the related asset or group of assets over their remaining lives. If the carrying amount of an asset exceeds its estimated future undiscounted cash flows, an impairment charge is recognized for the amount by which the carrying amount exceeds the estimated fair value of the asset. Impairment of long-lived assets is assessed at the lowest levels for which there are identifiable cash flows that are independent of other groups of assets. The impairment of long-lived assets requires judgments and estimates.&#160;&#160;If circumstances change, such estimates could also change. Assets held for sale are reported at the lower of the carrying amount or fair value, less the estimated costs to sell.</P>
<P style="margin:0px"><B>&#160;</B></P>
<P style="margin-top:0px; margin-bottom:8px; color:#0000FF"><B><I>Accounting for Income Taxes</I></B></P>
<P style="margin:0px">We are subject to income taxes in both the United States and in certain non-U.S. jurisdictions. We estimate our current tax position together with our future tax consequences attributable to temporary differences resulting from differing treatment of items, such as deferred revenue, depreciation, and other reserves for tax and accounting purposes. These temporary differences result in deferred tax assets and liabilities. We must then assess the likelihood that our deferred tax assets will be recovered from future taxable income, prior year carryback, or future reversals of existing taxable temporary differences. To the extent we believe that recovery is not more likely than not, we establish a valuation allowance against these deferred tax assets. Significant judgment is required in determining our provision for income taxes, our deferred tax assets and liabilities, and any valuation allowance recorded against our deferred tax assets. To the extent we establish a valuation allowance in a period we must include and expense the allowance within the tax provision in the consolidated statement of operations. Our valuation allowance at&#160;March 31, 2012 is $1.2 million.</P>
<P style="margin:0px">&#160;</P>
<P style="margin-top:0px; margin-bottom:8px; color:#0000FF"><B><I>Lower-of-Cost or Market Adjustments and Reserves for Excess and Obsolete Inventory</I></B></P>
<P style="margin-top:0px; margin-bottom:16px">We account for our inventory on a first-in, first-out basis, and make appropriate adjustments on a quarterly basis to write-down the value of inventory to the lower-of-cost or market. In addition to the price of the product purchased, the cost of inventory includes our internal manufacturing costs including warehousing, material purchasing, quality and product planning expenses. </P>
<P style="margin-top:0px; margin-bottom:16px">We perform a quarterly analysis of obsolete and slow-moving inventory to determine if any inventory needs to be written down. In general, we write-down our excess and obsolete inventory by an amount that is equal to the difference between the cost of the inventory and its estimated market value if market value is less than cost, based upon assumptions about future product life-cycles, product demand, shelf life of the product, inter-changeability of the product and market conditions. Those items that are found to have a supply in excess of our estimated current demand are considered to be slow-moving or obsolete and classified as long-term. An appropriate reserve is made to write-down the value of that inventory to its expected realizable value. These charges are recorded in cost of goods sold. The reserve against slow-moving or obsolete inventory is established based on several factors which among other things require us to make an estimate of a product<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s life-cycle, potential demand and our ability to sell these products at estimated price levels. While we make&#160;considerable efforts to&#160;calculate reasonable estimates of these variables, actual results may vary. If there were to be a sudden and significant decrease in demand for our products, or if there were a higher incidence of inventory obsolescence because of changing technology and customer requirements, we could be required to increase our inventory reserves, and our gross profit could be adversely affected.</P>
<P style="margin-top:0px; margin-bottom:8px; color:#0000FF"><B><I>Share-Based Payment</I></B></P>
<P style="margin:0px">Prior to June 30, 2005 and as permitted under the then existing FASB guidelines under SFAS No. 123, <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Accounting for Stock-Based Compensation<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font>, we accounted for our share-based payments following the recognition and measurement principles of Accounting Principles Board Opinion No. 25, <font style='font-family:Arial Unicode MS,Times New Roman'>&#8220;</font>Accounting for Stock Issued to Employees,<font style='font-family:Arial Unicode MS,Times New Roman'>&#8221;</font> as interpreted. Accordingly, no share-based compensation expense had been reflected in our statements of operations for unmodified option grants since (1) the exercise price equaled the market value of the underlying common stock on the grant date and (2) the related number of shares to be granted upon exercise of the stock option was fixed on the grant date.</P>
<P style="margin:0px">&#160;</P>
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<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>15</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px; font-size:9pt" align=center><B>MANAGEMENT<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">In December 2004, the FASB issued guidelines now contained under FASB ASC Topic 718, <I>Compensation <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> Stock Compensation</I>. ASC Topic 718 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. Primarily, this Topic focuses on accounting for transactions in which an entity obtains employee services in share-based payment transactions. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s equity instruments or that may be settled by the issuance of those equity instruments. Under ASC Topic 718, we measure the cost of employee services received in exchange for an award of equity instruments based on the grant date fair value of the award (with limited exceptions). That cost will be recognized over the period during which an employee is required to provide service in exchange for the awards <font style='font-family:Arial Unicode MS,Times New Roman'>&#8211;</font> the requisite service period (usually the vesting period). No compensation cost is recognized for equity instruments for which employees do not render the requisite service. Therefore, if an employee does not ultimately render the requisite service, the costs associated with the unvested options will not be recognized cumulatively.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Effective July 1, 2005, we adopted the guidelines contained in ASC Topic 718 and its fair value recognition provisions using the modified prospective transition method. Under this transition method, stock-based compensation cost recognized after July 1, 2005 includes the straight-line basis compensation cost for (a) all share-based payments granted prior to July 1, 2005, but not yet vested, based on the grant date fair values used for the pro-forma disclosures under the original SFAS No. 123 and (b) all share-based payments granted or modified on or after July 1, 2005, in accordance with the provisions of ASC Topic 718.</P>
<P style="margin:0px">&#160;</P>
<P style="margin:0px">Under ASC Topic 718, we recognize compensation cost net of an anticipated forfeiture rate and recognize the associated compensation cost for those awards expected to vest on a straight-line basis over the requisite service period. We use judgment in determining the fair value of the share-based payments on the date of grant using an option-pricing model with assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, the risk-free interest rate of the awards, the expected life of the awards, the expected volatility over the term of the awards, the expected dividends of the awards, and an estimate of the amount of awards that are expected to be forfeited. If assumptions change in the application of ASC Topic 718 and its fair value recognition provisions in future periods, the stock-based compensation cost ultimately recorded under the guidelines of ASC Topic 718 may differ significantly from what was recorded in the current period.</P>
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<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>16</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 3.&#160;&#160; QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 4.&#160;&#160; CONTROLS AND PROCEDURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">An evaluation of the effectiveness of our disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Exchange Act) as of March 31, 2012 was performed under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer.&#160;&#160;Based on this evaluation, our management, including our Chief Executive Officer and Chief Financial Officer, concluded that our disclosure controls and procedures are effective as of&#160;March 31, 2012 to ensure that information required to be disclosed by us in reports we file or submit under the Exchange Act is recorded, processed, summarized and reported as specified in the SEC<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s rules and forms.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">There was no change in our internal control over financial reporting during the quarter ended&#160;March 31, 2012 that materially affected, or that we believe is reasonably likely to materially affect, our internal control over financial reporting.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>PART II - OTHER INFORMATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 1.&#160;&#160; LEGAL PROCEEDINGS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The following is an update to the status of the legal proceedings and commitments and contingencies reported in our Form 10-K for the year ended December 31, 2011 under Part I, Item 3. Legal Proceedings and Note - 8&#160; Commitments and Contingencies of the Notes to Consolidated Financial Statements (Part II, Item 8).</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; color:#0000FF"><B><I>Former Officer Indemnification </I></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">On April 30, 2012, the Tenth Circuit denied ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s writ of mandamus on the grounds that ClearOne<font style='font-family:Arial Unicode MS,Times New Roman'>&#8217;</font>s request for restitution should be reviewed on appeal after entry of a final order by the District Court.</P>
<P style="margin:0px">&#160; </P>
<P style="margin:0px"><B>Item 1A.&#160;&#160; RISK FACTORS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 2.&#160;&#160; UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 3.&#160;&#160; DEFAULTS UPON SENIOR SECURITIES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><B>Item 4.&#160;&#160; MINE SAFETY DISCLOSURES</B></P>
<P style="margin:0px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 5.&#160;&#160; OTHER INFORMATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Not applicable.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:13.333px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>17</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
<P style="margin:0px" align=center><BR></P>
<HR style="margin-bottom:9.6px; padding-top:9.6px" noshade size=1.333>
<P style="margin:0px; page-break-before:always" align=center><B>CLEARONE COMMUNICATIONS, INC.</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>Item 6.&#160;&#160; EXHIBITS</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=85.2 /><TD width=18 /><TD width=564 /></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin:0px"><B><U>Exhibit No.</U></B></P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin:0px"><B><U>Title of Document</U></B></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">2.1</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">Asset purchase agreement between ClearOne Communications Hong Kong Limited, C-V Private (Israel) Ltd. and VCON Video Conferencing, Ltd.</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">31.1</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">Section 302 Certification of Chief Executive Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">31.2</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">Section 302 Certification of Principal Financial Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">32.1</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">Section 906 Certification of Chief Executive Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">32.2</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">Section 906 Certification of Principal Financial Officer</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">101.INS</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">XBRL Instance Document</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">101.SCH</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">XBRL Taxonomy Extension Schema</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">101.CAL</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">XBRL Taxonomy Extension Calculation Linkbase</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">101.DEF</P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">XBRL Taxonomy Extension Definitions Linkbase</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">101.LAB </P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">XBRL Taxonomy Extension Label Linkbase</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=85.2 height=9.6><P style="margin-top:0px; margin-bottom:8px">101.PRE </P>
</TD><TD style="margin-top:0px" valign=top width=18 height=9.6><P style="margin-top:0px; margin-bottom:8px"><BR></P>
</TD><TD style="margin-top:0px" width=564 height=9.6><P style="margin-top:0px; margin-bottom:8px">XBRL Taxonomy Extension Presentation Linkbase</P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin-top:0px; font-size:10pt" cellpadding=0 cellspacing=0><TR height=0 style="font-size:0"><TD width=331.2 /><TD width=42 /><TD width=156.6 /><TD width=156.6 /></TR>
<TR><TD style="margin-top:0px" valign=top width=331.2><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=313.2 colspan=2><P style="margin:0px">ClearOne Communications, Inc.,</P>
<P style="margin:0px">(Registrant)</P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.2><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=313.2 colspan=2><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.2><P style="margin:0px">May 14, 2012</P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=156.6><P style="margin:0px">/s/ Zeynep Hakimoglu</P>
</TD><TD style="margin-top:0px" valign=top width=156.6><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.2><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=313.2 colspan=2><P style="margin:0px">Zeynep Hakimoglu </P>
<P style="margin:0px">Chief Executive Officer</P>
<P style="margin:0px"><I>(Principal Executive Officer)</I></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.2><P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=313.2 colspan=2><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.2><P style="margin:0px">May 14, 2012</P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px">By:</P>
</TD><TD style="margin-top:0px; border-bottom:1px solid #000000" valign=top width=156.6><P style="margin:0px">/s/ Narsi Narayanan</P>
</TD><TD style="margin-top:0px" valign=top width=156.6><P style="margin:0px"><BR></P>
</TD></TR>
<TR><TD style="margin-top:0px" valign=top width=331.2><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=42><P style="margin:0px"><BR></P>
</TD><TD style="margin-top:0px" valign=top width=313.2 colspan=2><P style="margin:0px">Narsi Narayanan</P>
<P style="margin:0px">&nbsp;Vice President of Finance</P>
<P style="margin:0px"><I>(Principal Financial and Accounting Officer)</I></P>
</TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin-top:16px; margin-bottom:0px" align=center>|<FONT style="font-size:8pt; color:#365F91"><B> </B></FONT><FONT style="font-size:8pt; color:#365F91"><B>18</B></FONT><FONT style="font-size:8pt; color:#365F91"><B> </B></FONT>|</P>
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<DOCUMENT>
<TYPE>EX-2.1
<SEQUENCE>2
<FILENAME>clro2012q1_ex2z1.htm
<DESCRIPTION>ASSET PURCHASE AGREEMENT BETWEEN CLEARONE COMMUNICATIONS HONG KONG LIMITED, C-V PRIVATE (ISRAEL) LTD. AND VCON VIDEO CONFERENCING, LTD.
<TEXT>
<HTML>
<head><title>_</title> </head> <body vlink=purple link=blue lang=EN-US> <div style=page:WordSection1> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=right><b>EXHIBIT 2.1</b></p> <p style="TEXT-ALIGN:right; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=right>&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 24pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center><font style=COLOR:black>ASSET PURCHASE AGREEMENT</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 24pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center><font style=COLOR:black>BETWEEN</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 24pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center><font style=COLOR:black>CLEARONE COMMUNICATIONS HONG KONG LIMITED, </font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 24pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center><font style=COLOR:black>C-V PRIVATE (ISRAEL), LTD</font></p><font style=COLOR:black> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 24pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center><font style=COLOR:black>AND&nbsp;</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 24pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center></font><font style=COLOR:black>VCON VIDEO CONFERENCING, LTD.</font></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center>&nbsp;</p></div><font style="FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><br clear=all style=PAGE-BREAK-BEFORE:always></font> <div style=page:WordSection2> <p style="TEXT-TRANSFORM:uppercase; TEXT-INDENT:-1in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><a name=mpTableOfContents><a name=_Aci_Pg1>ARTICLE I.......... Definitions................................................................................................................................................ 1</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">1.1......... Certain Definitions......................................................................................................................................... 1</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">1.2......... Additional Defined Terms............................................................................................................................ 6</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">1.3......... Interpretation.................................................................................................................................................. 8</p> <p style="TEXT-TRANSFORM:uppercase; TEXT-INDENT:-1in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">ARTICLE II........ Purchase and Sale of Assets and Assumption of Liabilities................................. 8</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.1......... Purchase and Sale.......................................................................................................................................... 8</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.2......... Payment of Purchase Price........................................................................................................................ 11</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.3......... Closing Statement........................................................................................................................................ 13</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.4......... Escrow............................................................................................................................................................ 13</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.5......... Resolution of Certain Disputes.................................................................................................................. 13</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.6......... Consents and Approval; Failure to Obtain Third Party Consents...................................................... 14</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.7......... Allocation of Purchase Price...................................................................................................................... 14</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.8......... Closing........................................................................................................................................................... 15</p> <p style="TEXT-TRANSFORM:uppercase; TEXT-INDENT:-1in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">ARTICLE III...... Representations and Warranties of Company............................................................. 18</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.1......... Organization and Qualification................................................................................................................. 18</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.2......... Articles of Association; Minute Books.................................................................................................... 19</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.3......... Authorization................................................................................................................................................ 19</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.4......... Consents and Approvals; Authority Relative to this Agreement........................................................ 19</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.5......... No Insolvency.............................................................................................................................................. 20</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.6......... Financial Statements; No Undisclosed Liabilities.................................................................................. 20</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.7......... [intentionally omitted]................................................................................................................................ 21</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.8......... Title to, Sufficiency and Condition of Assets......................................................................................... 21</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.9......... Real Property................................................................................................................................................ 21</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.10....... Equipment..................................................................................................................................................... 22</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.11....... Intellectual Property.................................................................................................................................... 22</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.12....... Software........................................................................................................................................................ 24</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.13....... Contracts....................................................................................................................................................... 25</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.14....... Permits........................................................................................................................................................... 26</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.15....... Insurance....................................................................................................................................................... 26</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.16....... Employee Benefit Plans and Employment Agreements...................................................................... 26</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.17....... Employment and Labor Matters.............................................................................................................. 27</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.18....... Taxes.............................................................................................................................................................. 28</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.19....... Compliance with Laws............................................................................................................................... 32</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><a name=_Aci_Pg2>3.20....... Litigation; Governmental Orders.............................................................................................................. 32</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.21....... Customers and Suppliers............................................................................................................................ 32</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.22....... Domain Names............................................................................................................................................ 33</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.23....... Product Quality............................................................................................................................................ 33</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.24....... Certain Business Practices.......................................................................................................................... 33</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.25....... Brokers........................................................................................................................................................... 34</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.26....... Environmental Matters............................................................................................................................... 34</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.27....... Government Grant Programs..................................................................................................................... 35</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.28....... No US Operations........................................................................................................................................ 35</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.29....... Disclosure...................................................................................................................................................... 35</p> <p style="TEXT-TRANSFORM:uppercase; TEXT-INDENT:-1in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">ARTICLE IV....... Representations and Warranties of PURCHASER........................................................ 35</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">4.1......... Organization of Purchaser.......................................................................................................................... 35</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">4.2......... Authority of Purchaser................................................................................................................................ 36</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">4.3......... No Conflicts; Consents............................................................................................................................... 36</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">4.4......... Brokers........................................................................................................................................................... 36</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">4.5......... Litigation....................................................................................................................................................... 36</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">4.6......... Investigation................................................................................................................................................. 36</p> <p style="TEXT-TRANSFORM:uppercase; TEXT-INDENT:-1in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">ARTICLE V........ COVENANTS............................................................................................................................................... 37</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.1......... Preservation of Books and Records; Access.......................................................................................... 37</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.2......... Employees; Employee Benefit Plans....................................................................................................... 37</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.3......... Confidentiality............................................................................................................................................. 39</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.4......... Covenant Not to Compete or Solicit Business....................................................................................... 39</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.5......... Change in Company Name....................................................................................................................... 40</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.6......... Assignment or Enforcement of Certain Agreements............................................................................. 40</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.7......... Taxes.............................................................................................................................................................. 40</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.8......... Guarantees.................................................................................................................................................... 41</p> <p style="TEXT-TRANSFORM:uppercase; TEXT-INDENT:-1in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">ARTICLE VI....... Indemnification................................................................................................................................. 41</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">6.1......... Survival.......................................................................................................................................................... 41</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">6.2......... Indemnification of Purchaser.................................................................................................................... 42</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">6.3......... Limitations on Indemnification Obligations........................................................................................... 42</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">6.4......... Exclusive Remedy....................................................................................................................................... 43</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">6.5......... Indemnification of the Company............................................................................................................ 43</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">6.6......... Payment........................................................................................................................................................ 44</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><a name=_Aci_Pg3>6.7......... Purchase Price Adjustments....................................................................................................................... 44</p> <p style="TEXT-TRANSFORM:uppercase; TEXT-INDENT:-1in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">ARTICLE VII..... Miscellaneous..................................................................................................................................... 44</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.1......... No Third-Party Beneficiaries..................................................................................................................... 44</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.2......... Entire Agreement......................................................................................................................................... 44</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.3......... Receivables................................................................................................................................................... 44</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.4......... Further Assurances...................................................................................................................................... 44</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.5......... Succession and Assignment....................................................................................................................... 44</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.6......... Counterparts................................................................................................................................................. 45</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.7......... Headings........................................................................................................................................................ 45</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.8......... Notices........................................................................................................................................................... 45</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.9......... Governing Law; Jurisdiction; Service of Process.................................................................................... 46</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.10....... Amendments and Waivers......................................................................................................................... 46</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.11....... Severability................................................................................................................................................... 47</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.12....... Expenses........................................................................................................................................................ 47</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">7.13....... Incorporation of Exhibits and Schedules................................................................................................ 47</p></div><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><br clear=all style=PAGE-BREAK-BEFORE:auto></font> <div style=page:WordSection3><br clear=all style=PAGE-BREAK-BEFORE:always> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>&nbsp;</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><a name=_Aci_Pg4>Exhibit A&#151;Employee Waivers</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit B&#151;Joinder</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit C&#151; Escrow Agreement </p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit D&#151; OCS Approval </p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit E&#151;Bill of Sale</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit F&#151;Assignment and Assumption Agreement</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit G&#151;Assignment of Intellectual Property Registrations and Intellectual Property Assets</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit H&#151;Trademark Assignment Agreement</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit I&#151;Domain Name Assignment Agreement</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit J&#151;Copyright Assignment Agreement</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit K&#151;Legal Opinion</p> <p style="TEXT-INDENT:-0.5in; MARGIN:0in 0.5in 6pt 1in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Exhibit L&#151;Tax Returns </p><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><br clear=all style=PAGE-BREAK-BEFORE:always></font> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>&nbsp;</p></div><font style="FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><br clear=all style=PAGE-BREAK-BEFORE:always></font> <div style=page:WordSection4> <p style="TEXT-ALIGN:center; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_Pg5>ASSET PURCHASE AGREEMENT</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>This Asset Purchase Agreement (this &#147;Agreement&#148;) is entered into </font>__________<font lang=X-NONE>__, 2012, by and between </font>C-V Private (Israel), Ltd., <font lang=X-NONE>a private limited company established in Israel </font>(&#147;Pakshi Purchaser&#148;) and ClearOne Communications Hong Kong Limited, a private limited company established in Hong Kong (&#147;HK Purchaser&#148; and together with Pakshi Purchaser collectively referred to herein as <font lang=X-NONE>the &#147;Purchaser&#148;), </font>on the one hand, <font lang=X-NONE>and VCON Video Conferencing, Ltd., a private limited company established in Israel (the &#147;Company&#148;)</font>, on the other<font lang=X-NONE>.&nbsp; Purchaser and Company are referred to collectively herein as the &#147;Parties&#148; and individually as a &#147;Party.&#148;</font></p> <p style="TEXT-ALIGN:center; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold">recitals</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>WHEREAS, Company is engaged, directly and through </font>the Company Subsidiaries<font lang=X-NONE>, in the research, development, manufacture, sale and distribution of videoconferencing systems, including custom hardware and software (the &#147;Business&#148;); </font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt">WHEREAS, on the terms and subject to the conditions of this Agreement, <font lang=X-NONE>Company desires to sell to </font>HK Purchaser, <font lang=X-NONE>and </font>HK <font lang=X-NONE>Purchaser desires to purchase from Company, all of the right, title and interest of Company in and to the </font>Intellectual Property <font lang=X-NONE>Assets</font> and, in connection&nbsp; therewith, the HK Purchaser will assume the Assumed Liabilities, as related to the Intellectual Property Assets<font lang=X-NONE>; </font>and</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>WHEREAS, on the terms and subject to the conditions of this Agreement, Company desires to sell to </font>Pakshi Purchaser, <font lang=X-NONE>and </font>Pakshi <font lang=X-NONE>Purchaser desires to purchase from Company, all of the right, title and interest of Company in and to the </font>Other <font lang=X-NONE>Assets and</font>, in connection therewith, the Pakshi Purchaser will assume the Assumed Liabilities, as related to the Other Assets.</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>Now, therefore, in consideration of the premises and the mutual promises herein made, and in consideration of the representations, warranties, and covenants herein contained, the Parties agree as follows.</font></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_An1_41525449434C452049><a name=_Toc315307772><font style=COLOR:windowtext lang=X-NONE>ARTICLE I</font><font lang=X-NONE><br><br>Definitions</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:15pt; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An2_312E31><a name=_Toc315307773><font style=COLOR:windowtext lang=X-NONE>1.1<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Certain Definitions.</font></a>&nbsp; </p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Action&#148; means any claim, action</font>,<font lang=X-NONE>cause of action, demand, lawsuit, arbitration, inquiry, audit, assessment, notice of violation, proceeding, litigation, citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or in equity.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Affiliate&#148; </font><font lang=X-NONE>of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person. The term &#147;control&#148; (including the terms &#147;controlled by&#148; and &#147;under common control with&#148;) means the possession, directly or indirectly, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise.&nbsp; Affiliate</font> of a Person also<font lang=X-NONE>includes a director, officer, partner, member, shareholder, investor, manager, executor or trustee of a Person.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Applicable Law&#148; means, with respect to any Person, any Law existing as of the date hereof or as of the Closing applicable to such Person or any of its respective properties, assets, officers, directors, employees, </font>service providers, <font lang=X-NONE>consultants or agents.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Articles of Association&#148; mean the Amended and Restated Articles of Association of the Company, adopted as of </font>January 1<font lang=X-NONE>, 20</font>06<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_Pg6><font lang=X-NONE>&#147;Business Day&#148; means a day, other than a Saturday or Sunday, on which banks are open for business in both </font>Israel and Utah<font lang=X-NONE>between the hours of 8:00 a.m. and 5:00 p.m. local time.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt">&#147;Company Subsidiary&#148; means Emblaze VCON, Inc., a corporation organized under the laws of the State of Delaware in the country of the United States. </p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Contracts&#148; means all contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments, undertakings, indentures, joint ventures and all other agreements, commitments and legally binding arrangements, whether written or oral.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Disclosure Schedules&#148; means the written set of the disclosures required by this Agreement and exceptions to representations and warranties made in this Agreement </font>which<font lang=X-NONE>, when mutually agreed to by the </font>P<font lang=X-NONE>arties, shall be incorporated herein by reference.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><b><font lang=X-NONE>&#147;</font></b><font lang=X-NONE>Employee</font>s<font lang=X-NONE>&#148; means those Persons </font>who are <font lang=X-NONE>employed by Company</font> or engaged by Company, or employed or engaged by any Company Subsidiary, including, employees, consultants, contractors or service providers of Company or any Company Subsidiary <font lang=X-NONE>(including any such employee who is on leave of absence</font><font lang=X-NONE>(including short- or long-term sick leave, parental leave, military leave or other administrative leave) from</font> Company immediately prior to the Closing), <font lang=X-NONE>including, if any, any individual who accepted an offer of employment/engagement with </font>Company<font lang=X-NONE>but his</font>/her<font lang=X-NONE>employment/engagement has not yet started.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><b>&#147;</b><font lang=X-NONE>Employee Waiver&#148; </font>means <font lang=X-NONE>written agreements and confirmations </font>dated as of the Closing Date, substantially in the form attached hereto as Exhibit A, <font lang=X-NONE>pursuant to which Employees </font>will <font lang=X-NONE>confirm receipt from the </font>Company <font lang=X-NONE>of all sums due pursuant to the employment with the </font>Company <font lang=X-NONE>up until </font>December 31, 2011, <font lang=X-NONE>and waiv</font>e<font lang=X-NONE>all claims against the </font>Company <font lang=X-NONE>and the Purchaser in respect of </font>the <font lang=X-NONE>cessation</font> of their employment with the Company<font lang=X-NONE>. </font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Encumbrance&#148;&nbsp;means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or other), option, security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of ownership.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Environmental, Health, and Safety Requirements&#148; means all </font>Laws and policies <font lang=X-NONE>concerning public health and safety, worker health and safety, and pollution or protection of the environment, including all those relating to the presence, use, production, generation, handling, transportation, treatment, storage, disposal, distribution, labeling, testing, processing, discharge, release, threatened release, control, or cleanup of any hazardous materials, substances or wastes, as such requirements are enacted and in effect on or prior to the Closing Date.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;GAAP&#148; means United States generally accepted accounting principles in effect from time to time</font>, consistently applied<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;IFRS&#148; means International Financial Reporting Standards set by the International Accounting Standards Board, consistently applied.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Governmental Authority&#148;</font></font>&nbsp;means any government or political subdivision thereof, or any agency or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the force of Law), or any arbitrator, court or tribunal of competent jurisdiction.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Governmental Order&#148;&nbsp;means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or with any Governmental Authority.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_Pg7><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Intellectual Property&#148;</font></font>&nbsp;means all of the following and similar intangible property and related proprietary rights, interests and protections, however arising, pursuant to the Laws of any jurisdiction throughout the world: (a) trademarks, service marks, trade names, brand names, logos, trade dress and other proprietary indicia of goods and services, whether registered, unregistered or arising by Law, and all registrations and applications for registration of such trademarks, including intent-to-use applications, and all issuances, extensions and renewals of such registrations and applications</font>, all of the foregoing including associated goodwill<font lang=X-NONE>; (b) internet domain names, whether or not trademarks, registered in any generic top level domain by any authorized private registrar or Governmental Authority; (c) original works of authorship in any medium of expression, whether or not published, all copyrights (whether registered, unregistered or arising by Law), all registrations and applications for registration of such copyrights, and all issuances, extensions and renewals of such registrations and applications; (d) confidential information, formulas, designs, devices, technology, know-how, research and development, inventions, methods, processes, compositions and other trade secrets, whether or not patentable; (e) patented and patentable designs and inventions, all design, plant and utility patents, letters patent, utility models, pending patent applications and provisional applications and all issuances, divisions, continuations, continuations-in-part, reissues, extensions, reexaminations and renewals of such patents and applications</font>; (f) all Company-Owned Software and (g) all Company websites.</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Intellectual Property Assets&#148;</font></font>&nbsp;means all </font>Intellectual Property that is <font lang=X-NONE>owned by Company </font>or any Company Subsidiary, <font lang=X-NONE>and used in or necessary for the conduct of the Business as currently conducted</font>, including all associated goodwill<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font style=FONT-WEIGHT:normal lang=X-NONE>&#147;Intellectual Property Licenses&#148;</font><font lang=X-NONE>&nbsp;means all licenses, sublicenses and other agreements by or through which other Persons, including Company&#146;s Affiliates, grant Company exclusive or non-exclusive rights or interests in or to any Intellectual Property that is used in or necessary for the conduct of the Business as currently conducted.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font style=FONT-WEIGHT:normal lang=X-NONE>&#147;Intellectual Property Registrations&#148;</font><font lang=X-NONE>&nbsp;means all Intellectual Property Assets that are subject to any issuance, registration, application or other filing by, to or with any Governmental Authority or authorized private registrar in any jurisdiction, including registered trademarks, domain names and copyrights, issued and reissued patents and pending applications for any of the foregoing.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt">&#147;Joinder&#148; means any Joinder Agreement executed by a Company Subsidiary substantially in the form attached hereto as Exhibit B for the purpose of making such Company Subsidiary a party hereto.</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Knowledge&#148; means the actual or constructive knowledge of</font> Mr. Izik Ben-Ezra, after due inquiry.</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Law&#148;</font></font>&nbsp;means any statute, law, ordinance, regulation, rule, code, order, constitution, treaty, common law, judgment, decree, a Governmental Order or act, ordinance, regulation, rule, collective bargaining&nbsp; agreement, extension order or code promulgated </font>or <font lang=X-NONE>other requirement or rule of law of any Governmental Authority.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Liabilities&#148;</font></font>&nbsp;means liabilities, debts, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured or otherwise.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Losses&#148;</font></font>&nbsp;means losses, damages, liabilities, deficiencies, Actions, judgments, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys&#146; fees and the cost of enforcing any right to indemnification hereunder and the </font>reasonable <font lang=X-NONE>cost of pursuing any insurance providers.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Made Available&#148; means that the referenced item was provided in physical or electronic medium to Purchaser prior to the date of this Agreement.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Material Adverse Effect&#148;</font></font>&nbsp;means any event, occurrence, fact, condition or change that is, or could reasonably be expected to become, individually or in the aggregate, materially adverse to (a) the business, results of operations, prospects, condition (financial or otherwise) or assets of the Business, (b) the value of the Acquired <a name=_Aci_Pg8>Assets or (c) the ability of any Party to consummate the transactions contemplated hereby on a timely basis; provided, however, that &#147;Material Adverse Effect&#148; shall not include (i) any event, occurrence, fact, condition, or change, directly or indirectly, arising out of or attributable to changes, conditions or effects that generally affect the industries in which the Business operates, and not affecting the Business in a disproportionate manner; (ii) changes in the Israeli or world financial markets or general economic conditions (including prevailing interest rates); (iii) effects or changes resulting from major acts of terrorism or war;</font> or<font lang=X-NONE>(iv) effects directly or primarily arising out of the execution or delivery of this Agreement or the public announcement or other publicity, leak or rumor with respect to any of the foregoing.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Office Lease</font>s<font lang=X-NONE>&#148; means </font>those <font lang=X-NONE>certain leases for </font>(i) <font lang=X-NONE>the Company&#146;s warehouse space at the &#147;Lahadim&#148; building at the industrial area &#147;Mizpe Sapir&#148;, commencing on February 1, 2011, between&nbsp; Lehadim Israel Ltd. and the Company and </font>(ii) <font lang=X-NONE>the Company&#146;s office space in &#147;Migdali Hasharon&#148; in Hod Hasharon, in accordance with the lease agreement dated of January 16, 2011 by and between the Company and Migdali Hasharon Ltd.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;OCS&#148; means The Office of the Chief Scientist of the Ministry of Industry, Trade and Labor of the State of Israel.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Ordinary Course of Business&#148; means the ordinary course of business consistent with past custom and practice (including with respect to quantity and frequency).</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Open Source Code&#148; means </font><font lang=X-NONE>any software code that is distributed as &#147;free software&#148; or &#147;open source software&#148; or is otherwise distributed publicly in source code form under terms that permit modification and redistribution of such software.&nbsp; Open Source Code includes</font>, inter alia,<font lang=X-NONE>software code that is licensed under the GNU General Public License, GNU Lesser General Public License, Mozilla License, Common Public License, Apache License, BSD License, Artistic License, or Sun Community Source License.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Permits</font></font>&#148;</font><font lang=X-NONE>means all permits, licenses, franchises, approvals, authorizations, registrations, certificates, variances and similar rights obtained, or required to be obtained, from Governmental Authorities.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Person&#148; means an individual, a partnership, a limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or a governmental entity (or any department, agency, or political subdivision thereof).</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font style=COLOR:black>&#147;Representative&#148; means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants and other agents of such Person.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font style=COLOR:black lang=X-NONE>&#147;Software&#148; means computer programs (including firmware and other software embedded in hardware devices and databases, compilations, tool sets, compilers, higher level or &#147;proprietary&#148; languages), including any and all software implementations of algorithms, models and methodologies, whether in source code or object code, design documents, flow-charts, user manuals and training materials relating thereto and any translations thereof, including any software that is part of, is distributed with, or is used in the design, development, manufacturing, production, distribution, testing, maintenance, or support of </font><font style=COLOR:black>the Business.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font style=COLOR:black lang=X-NONE>&#147;Straddle Period&#148; means any Tax period that includes (but does not end on) the Closing Date.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font style=COLOR:black lang=X-NONE>&#147;Tax&#148; means any tax (including any income tax, capital gains tax, value-added tax, sales tax, payroll tax, excise tax, property tax, gift tax, estate tax</font><font style=COLOR:black>, municipal tax, employment tax, or documentary stamp tax, premium tax or </font><font style=COLOR:black lang=X-NONE>windfall profits</font><font style=COLOR:black>tax</font><font style=COLOR:black lang=X-NONE>), levy, assessment, tariff, duty (including any customs duty), deficiency, or other fee, and any related charge or amount (including any fine, penalty, interest, or addition to tax), imposed, assessed, or collected by or under the authority of any Governmental Authority</font><font style=COLOR:black>or municipal authority</font><font style=COLOR:black lang=X-NONE>or payable pursuant to any tax-sharing agreement or any other Contract relating to the sharing or payment of any such tax, levy, assessment, tariff, duty, deficiency, or fee, whether as a result of transferee Liability, of being a member of an affiliated, consolidated, combined, unitary or similar group for any period, or otherwise through operation of Law, and any Liability for the payment of amounts</font><font style=COLOR:black>,</font><font style=COLOR:black lang=X-NONE>all</font><font style=COLOR:black>,</font><font style=COLOR:black lang=X-NONE>together with any interest, any inflation indexation, and any <a name=_Aci_Pg9>penalties, additions to tax or additional amounts with respect thereto.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font style=COLOR:black lang=X-NONE>&#147;Tax Return&#148; means any return (including any information return), report, statement, declaration, remittance, schedule, notice, form, or other document or information filed with or submitted to, or required to be filed with or submitted to, any Governmental Authority</font><font style=COLOR:black>or municipal authority</font><font style=COLOR:black lang=X-NONE>in connection with the determination, assessment, collection, or payment of any Tax or in connection with the administration, implementation, or enforcement of or compliance with any Law relating to any Tax.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font style=COLOR:black lang=X-NONE>&#147;Taxing Authority&#148; means any Governmental </font><font style=COLOR:black>Authority</font><font style=COLOR:black lang=X-NONE>having authority with respect to Taxes.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;<font size=+0><font style=FONT-WEIGHT:normal>Transaction Documents&#148;</font></font>&nbsp;means this Agreement, the Bill of Sale, the Assignment and Assumption Agreement, </font>the Escrow Agreement, the Employment Offer Letters, Employee Waivers, <font lang=X-NONE>the Intellectual Property Assignments, </font>any Joinder, <font lang=X-NONE>and the other agreements, instruments and documents required to be delivered at the Closing.</font>&nbsp; </p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Working Capital&#148; means an amount </font>calculated in accordance with <font lang=X-NONE>Schedule <a name=_Aci_Fl1_322E33></font>2.3<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Working Capital Deficiency&#148; means any amount which the Closing Working Capital, as determined pursuant to Section <a name=_Aci_Fl2_322E33></font><font lang=X-NONE>2.3</font><font lang=X-NONE>, is less than </font>US$ 250,000<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>&#147;Working Capital Excess&#148; means any amount by which the Closing Working Capital, as determined pursuant to Section <a name=_Aci_Fl3_322E33></font>2.3<b><font lang=X-NONE>,</font></b><font lang=X-NONE>is greater than </font>US$ 250,000.&nbsp; </p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:15pt; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An3_312E32><a name=_Toc315307774><font style=COLOR:windowtext lang=X-NONE>1.2<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Additional Defined Terms</font></u><font lang=X-NONE>.&nbsp; The following terms have the meaning assigned to such terms in the Sections of the Agreement set forth below:</font></a></p> <div align=center> <table width=432 style="BORDER-BOTTOM:0px; BORDER-LEFT:0px; WIDTH:4.5in; BORDER-COLLAPSE:collapse; BORDER-TOP:0px; BORDER-RIGHT:0px" border=1 cellpadding=0 cellspacing=0> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><b><font style=COLOR:black>Term</font></b></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:black 1pt solid; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><b><font style=COLOR:black>Section</font></b></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Accounting Firm</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl4_322E35><font style=COLOR:black>2.5</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Acquired Assets</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl5_322E31286129><font style=COLOR:black>2.1(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Agreement</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Preamble</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Allocation Schedule</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl6_322E37><font style=COLOR:black>2.7</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Assumed Contracts</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl7_322E31286129286929284429>2.1(a)(i)(D)</p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Assignment and Assumption Agreement</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl8_322E3828622928766929><font style=COLOR:black>2.8(b)(vi)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Assumed Liabilities</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl9_322E31286329><font style=COLOR:black>2.1(c)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Bank</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl10_322E382862292878696929><font style=COLOR:black>2.8(b)(xii)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Benefit Plans </font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl11_332E3136286229><font style=COLOR:black>3.16(b)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Bill of Sale</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl12_322E3828622928697629><font style=COLOR:black>2.8(b)(iv)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Business</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Recitals</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Closing</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl13_322E38286129><font style=COLOR:black>2.8(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Closing Date</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl14_322E38286129><font style=COLOR:black>2.8(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Closing Statement</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl15_322E33><font style=COLOR:black>2.3</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Closing Working Capital</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl16_322E33><font style=COLOR:black>2.3</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Company</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Preamble</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Company Employment-Related Liabilities</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl17_352E32286429><font style=COLOR:black>5.2(d)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Company Owned Software</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl18_332E3132286129><font style=COLOR:black>3.12(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Company&#146;s Representations</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl19_41525449434C4520494949><font style=COLOR:black>ARTICLE III</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Court Approval</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl20_322E38286129><font style=COLOR:black>2.8(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Domain Name</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl21_332E3232286129><font style=COLOR:black>3.22(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Equipment</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl22_322E31286129286929284229><font style=COLOR:black>2.1(a)(i)(B)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Escrow Agent</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl23_322E34><font style=COLOR:black>2.4</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Escrow Agreement</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl24_322E34><font style=COLOR:black>2.4</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Escrow Amount</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl25_322E34><font style=COLOR:black>2.4</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Excluded Assets</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl26_322E31286229><font style=COLOR:black>2.1(b)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Pg10><font style=COLOR:black>Excluded Liability</font></p></a></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl27_322E31286429><font style=COLOR:black>2.1(d)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Financial Statements</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl28_332E36286129><font style=COLOR:black>3.6(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>HK Purchaser</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Preamble</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Indemnification Period</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl29_362E31><font style=COLOR:black>6.1</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Intellectual Property Assignments</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl30_322E38286229287669696929><font style=COLOR:black>2.8(b)(viii)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Intellectual Property Purchase Price</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl31_322E32286129><font style=COLOR:black>2.2(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Inventory</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl32_322E31286129286929284129><font style=COLOR:black>2.1(a)(i)(A)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>ITA</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl33_322E32286429286929>2.2(d)(i)</p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>ITA Tax Ruling</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl34_322E32286429286929>2.2(d)(i)</p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Leased Premises</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl35_332E39286229><font style=COLOR:black>3.9(b)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Material Contract</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl36_332E3133286129><font style=COLOR:black>3.13(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Material Customers</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl37_332E3231286129><font style=COLOR:black>3.21(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Material Suppliers</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl38_332E3231286229><font style=COLOR:black>3.21(b)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>OCS Approval</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl39_322E38286129><font style=COLOR:black>2.8(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Other Assets</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl40_322E31286129286929><font style=COLOR:black>2.1(a)(i)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Other Assets Purchase Price</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl41_322E32286129><font style=COLOR:black>2.2(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Overlapping Entity</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl42_332E3131286329><font style=COLOR:black>3.11(c)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Overlapping Service Provider</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl43_332E3131286329><font style=COLOR:black>3.11(c)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Pakshi Purchaser</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Preamble</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Party or Parties</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Preamble</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Purchase Price</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl44_322E32><font style=COLOR:black>2.2</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Purchaser </font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Preamble</font></p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Purchaser Employee</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl45_352E32286129><font style=COLOR:black>5.2(a)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Purchaser Employment-Related Liabilities </font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl46_352E32286529><font style=COLOR:black>5.2(e)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Qualified Withholding Certificate</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl47_322E3228642928696929><font style=COLOR:black>2.2(d)(ii)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Records</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl48_322E31286129286929284829><font style=COLOR:black>2.1(a)(i)(H)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Statement of Objections</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl49_322E35><font style=COLOR:black>2.5</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Tax Incentives</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl50_332E3138287029><font style=COLOR:black>3.18(p)</font></p></a></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=276 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:black 1pt solid; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:207.2pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>Threshold</font></p></td> <td width=156 style="BORDER-BOTTOM:black 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:116.8pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:black 1pt solid; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><a name=_Aci_Fl51_362E33286229><font style=COLOR:black>6.3(b)</font></p></a></td></tr></table></div> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An4_312E33><a name=_Toc315307775><font style=COLOR:windowtext lang=X-NONE>1.3<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Interpretation</font></u></a><font lang=X-NONE>.&nbsp; For purposes of this Agreement: (a) the words &#147;include,&#148; &#147;includes&#148; and &#147;including&#148; shall be deemed to be followed by the words &#147;without limitation&#148;; (b) the word &#147;or&#148; is not exclusive; and (c) the words &#147;herein,&#148; &#147;hereof,&#148; &#147;hereby,&#148; &#147;hereto&#148; and &#147;hereunder&#148; refer to this Agreement as a whole.&nbsp; Unless the context otherwise requires, references herein: (x) to Articles, Sections, Disclosure Schedules and Exhibits mean the Articles and Sections of, and Disclosure Schedules and Exhibits attached to, this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any regulations promulgated thereunder.&nbsp; This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. </font><font lang=X-NONE>&nbsp;</font><font lang=X-NONE>The Disclosure Schedules and Exhibits referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein.</font></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_An5_41525449434C45204949><a name=_Toc315307776><font style=COLOR:windowtext lang=X-NONE>ARTICLE II</font><font lang=X-NONE><br><br>Purchase and Sale of Assets and Assumption of Liabilities</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An6_322E31><a name=_Toc315307777><font style=COLOR:windowtext lang=X-NONE>2.1<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Purchase and Sale</font></u></a><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Ref311552189><a name=_Aci_An7_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Acquired Assets</font></u></a><font lang=X-NONE>.&nbsp; Subject to the terms and conditions set forth herein, at the Closing, </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An8_286929><a name=_Ref313800378><a name=_Aci_Pg11><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company shall sell, assign, transfer, convey and deliver to HK Purchaser, and HK Purchaser shall purchase and/or accept from Company, free and clear of any Encumbrances, all of Company&#146;s right, title and interest in, to and under all of the Intellectual Property Assets, wherever located and whether now existing or acquired prior to the Closing; and Company, and each of the Company Subsidiaries, shall sell, assign, transfer, convey and deliver to Pakshi Purchaser, and Pakshi Purchaser shall purchase and/or accept from Company and each Company Subsidiary, free and clear of any Encumbrances, all of Company&#146;s, and any Company Subsidiary&#146;s, right, title and interest in, to and under all of the assets, properties and rights of every kind and nature, whether real, personal or mixed, tangible or intangible, wherever located and whether now existing or acquired prior to the Closing (other than the Excluded Assets and the Intellectual Property Assets), which relate to, or are used or held for use in connection with, the Business and to the extent they are accepted by the Purchaser on the day of Closing (collectively, the &#147;Other Assets&#148;), including, without limitation, the following:</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An9_284129><a name=_Ref311554255><font lang=X-NONE>(A)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all inventory, finished goods, raw materials, work in progress, packaging, supplies, parts and other inventories, but excluding any inventory designated as obsolete on Schedule </font></a><a name=_Aci_Fl52_322E31286129286929284129><font lang=X-NONE>2.1(a)(i)(A)</font><font lang=X-NONE>of this Agreement (&#147;Inventory&#148;);</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An10_284229><a name=_Ref311554047><font lang=X-NONE>(B)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all computers, telecommunications equipment, fixtures, machinery, installations, equipment (including, without limitation, all production equipment), hardware, software, furniture, tools, spare parts, supplies, materials, product lines, fixed assets, and other items of tangible personal property relating to, or used in connection with, the Business, including the items listed on Section </font></a><a name=_Aci_Fl53_332E3130><font lang=X-NONE>3.10</font><font lang=X-NONE>of the Disclosure Schedule (&#147;Equipment&#148;);</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An11_284329><font lang=X-NONE>(C)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all telephone numbers and all electronic mail addresses used in the Business;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An12_284429><a name=_Ref311552288><font lang=X-NONE>(D)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all rights under all Contracts, including Intellectual Property Licenses, customer orders, supplier orders, and other Contracts, to the extent as set forth or described on Schedule </font></a><a name=_Aci_Fl54_322E31286129286929284429><font lang=X-NONE>2.1(a)(i)(D)</font><font lang=X-NONE>(the &#147;Assumed Contracts&#148;);</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An13_284529><font lang=X-NONE>(E)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all Permits; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An14_284629><font lang=X-NONE>(F)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all rights to any Actions of any nature available to or being pursued by Company, whether arising by way of counterclaim or otherwise; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An15_284729><font lang=X-NONE>(G)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all of Company&#146;s rights under warranties, indemnities and all similar rights against third parties to the extent related to any Acquired Assets;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An16_284829><a name=a894804><font lang=X-NONE>(H)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>originals, or where not available, copies, of all machinery and equipment maintenance files, customer lists, customer purchasing histories, price lists, distribution lists, supplier lists, production data, quality control records and procedures, customer complaints and inquiry files, research and development files, records and data (including all correspondence with any Governmental Authority), sales material and records (including pricing history, total sales, terms and conditions of sale, sales and pricing policies and practices), strategic plans, internal financial statements, marketing and promotional surveys, material and research and intellectual property files relating to the Intellectual Property Assets and the Intellectual Property Licenses (&#147;<font size=+0><font style=FONT-WEIGHT:normal>Records&#148;</font></font>);</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An17_284929><font lang=X-NONE>(I)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all insurance benefits, including rights and proceeds; and</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An18_284A29><font lang=X-NONE>(J)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all goodwill and the going concern value of the Business. </font></a></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Collectively, the Other Assets and the Intellectual Property Assets are referred to herein as the &#147;Acquired Assets&#148;).</p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An19_286229><a name=_Ref311554112><a name=_Aci_Pg12><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Excluded Assets</font></u><font lang=X-NONE>.&nbsp; Notwithstanding the foregoing, the Acquired Assets shall not include the following assets (collectively, the &#147;Excluded Assets&#148;):</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An20_286929><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all rights of Company under the Transaction Documents; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An21_28696929><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Contracts that are not Assumed Contracts; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An22_2869696929><font style=COLOR:windowtext lang=X-NONE>(iii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>the corporate seals, organizational documents, minute books, stock books, books and records compiled or maintained by Company related to the Company&#146;s corporate existence as well as its financial and tax records, including, but not limited to, Tax Returns, books of account, ledgers and general, financial and accounting records or other records having to do with the corporate organization of Company (notwithstanding the foregoing, the Company agrees that Purchaser may keep copies of any such documents provided or Made Available); </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An23_28697629><a name=_Ref314496002><font style=COLOR:windowtext lang=X-NONE>(iv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>the assets, properties and rights specifically set forth on Schedule </font></a><a name=_Aci_Fl55_322E3128622928697629><font lang=X-NONE>2.1(b)(iv)</font><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An24_286329><a name=_Ref311545240><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Assumed Liabilities</font></u></a><font lang=X-NONE>.&nbsp; Subject to the terms and conditions set forth herein, Purchaser shall assume and agree to pay, perform and discharge the following, and only the following, Liabilities of Company (collectively, the &#147;Assumed Liabilities&#148;):</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An25_286929><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all Liabilities in respect of the Assumed Contracts but only to the extent that such Liabilities thereunder are required to be first performed after the Closing Date, were incurred in the Ordinary Course of Business and do not relate to any failure to perform, improper performance, warranty or other breach, default, violation or tortious conduct by Company on or prior to the Closing Date; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An26_28696929><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>all Liabilities for Taxes relating to the Acquired Assets </font></a><a name=_DV_C30><font lang=X-NONE>and first arising in and solely with respect to the </font></a><a name=_DV_M38><font lang=X-NONE>post-Closing period;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An27_2869696929><font style=COLOR:windowtext lang=X-NONE>(iii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Liabilities</font></a><a name=_DV_C31 /><a name=_DV_M40><font lang=X-NONE>arising out of<a name=_DV_M41> the use by the Purchaser or its permitted licensees of the Intellectual Property Assets<a name=_DV_M42> after the Closing Date<a name=_DV_M43>; and </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An28_28697629><font style=COLOR:windowtext lang=X-NONE>(iv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>&nbsp;</font></a><a name=_Ref314496026><font lang=X-NONE>Without limiting the foregoing, those Liabilities of Company set forth on Schedule </font></a><a name=_Aci_Fl56_322E3128632928697629><font lang=X-NONE>2.1(c)(iv)</font><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">By way of clarification, HK Purchaser shall assume those Assumed Liabilities related to the Intellectual Property Assets and Pakshi Purchaser shall assume those Assumed Liabilities related to the Other Assets.&nbsp; </p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An29_286429><a name=_Ref311545258><a name=_Ref314496048><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Excluded Liabilities</font></u></a><font lang=X-NONE>.&nbsp; Neither Pakshi Purchaser or HK Purchaser shall assume or be obligated to pay, perform, fulfill or discharge any Liability of Company, and Company will retain and remain responsible for all of Company&#146;s Liabilities other than the Assumed Liabilities, regardless of when asserted (all such liabilities and obligations being herein called the &#147;Excluded Liabilities&#148;).&nbsp; Without limiting the foregoing, the Liabilities listed on Schedule <a name=_Aci_Fl57_322E31286429></font><font lang=X-NONE>2.1(d)</font><font lang=X-NONE>to this Agreement shall be Excluded Liabilities.</font><font lang=X-NONE>&nbsp;&nbsp;&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An30_286529><a name=_Ref312164246><font lang=X-NONE>(e)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Company Subsidiaries</font></u></a><font lang=X-NONE>.&nbsp; Attached as Schedule <a name=_Aci_Fl58_322E31286529></font><font lang=X-NONE>2.1(e)</font><font lang=X-NONE>to this Agreement is a list of any Subsidiary Acquired Assets (as defined in the Joinder) owned by any Company Subsidiary, including identification of the Company Subsidiary or Subsidiaries that own such Subsidiary Acquired Asset(s).&nbsp; At the Closing, the Company will cause each Company Subsidiary transferring any Subsidiary Acquired Assets pursuant to this Agreement to execute and deliver a Joinder making certain representations and warranties regarding such Subsidiary Acquired Assets and joining in this Agreement as provided therein.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An31_322E32><a name=_Toc315307778><a name=_Ref311554446><font style=COLOR:windowtext lang=X-NONE>2.2<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Payment of Purchase Price</font></u></a><font lang=X-NONE>.&nbsp; The aggregate purchase price for the Acquired Assets (the &#147;Purchase Price&#148;) shall consist of the </font>amounts set forth in this Section.&nbsp; </p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><a name=_Aci_Pg13><font style=COLOR:black>The Purchase Price is exclusive of VAT and VAT will be borne and paid by Purchaser in addition to the Purchase Price. Such VAT, for the entire amount of the Purchase Price, shall be paid by Purchaser to the VAT Authority directly on the 15<sup>th</sup> day of the calendar month following the Closing against receipt of a valid VAT invoice, unless prior to such payment, Purchaser shall provide Company with an approval from the Israeli VAT Authorities to act otherwise in accordance with Section 20 of the Israeli VAT law.&nbsp; Company shall cooperate with Purchaser as may be reasonably required for obtaining such approval from the Israeli VAT Authorities.&nbsp; With respect to the Intellectual Property Assets Purchase Price, a zero-rating shall be applied for by HK Purchaser.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Ref311555849><a name=_Ref312164066><a name=_Aci_An32_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Closing Payment</font></u></a><font lang=X-NONE>.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An33_286929><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>At the Closing, Purchaser shall pay to Company US$ 4.5 million dollars (the &#147;Purchase Price&#148;), as adjusted pursuant to subparagraph (ii) below, in accordance with this Section 2.2(a).&nbsp; Initially, the entire amount shall be paid by HK Purchaser, but once the Closing Statement has been finalized in accordance with Section 2.5, the Purchase Price shall be allocated by the two Purchaser entities with respect to the Other Assets (such allocated amount, the &#147;Other Assets Purchase Price&#148;) and the Intellectual Property Assets (such allocated amount, the &#147;Intellectual Property Assets Purchase Price&#148;).&nbsp; Purchaser shall provide notice of such allocations to Company, and such allocations shall be used by the Parties in any bookkeeping or Tax Returns.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An34_28696929><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font>At Closing, t</a><font lang=X-NONE>he Purchase Price will be increased or decreased by the amount that the &#147;Estimated Closing Working Capital&#148; is greater or less than US$ 250,000.&nbsp; </font>A<font lang=X-NONE>t least 3 Business Day</font>s<font lang=X-NONE>prior to </font>the anticipated <font lang=X-NONE>Closing</font> Date<font lang=X-NONE>, Company will </font>have <font lang=X-NONE>prepare</font>d<font lang=X-NONE>and deliver</font>ed<font lang=X-NONE>to Purchaser </font>pursuant to the Parties&#146; oral agreement <font lang=X-NONE>an unaudited statement setting forth Company&#146;s good faith estimate of the Working Capital of Company as of immediately prior to the Closing </font>(the &#147;<font lang=X-NONE>Estimated Closing Working Capital</font>&#148;)<font lang=X-NONE>, as determined in accordance with Schedule <a name=_Aci_Fl59_322E33></font><font lang=X-NONE>2.3</font>, together<font lang=X-NONE>with reasonable supporting detail.&nbsp; If Purchaser objects to the calculations within 48 hours of receipt, the Parties </font>have agreed to <font lang=X-NONE>negotiate in good faith to resolve their differences</font> respecting this calculation<font lang=X-NONE>.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An35_2869696929><font style=COLOR:windowtext lang=X-NONE>(iii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>&nbsp;A portion of the Purchase Price payable to Company shall be allocated and paid to the Escrow Agent as the Escrow Amount, in accordance with Section 2.4 below and another portion shall be payable to satisfy applicable Tax withholding obligations as provided below, to the extent the Company has not provided </font></a>a Qualified Withholding Certificate<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An36_28697629><font style=COLOR:windowtext lang=X-NONE>(iv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Pakshi Purchaser will reimburse HK Purchaser for any amounts HK Purchaser paid allocable to the Other Assets Purchase Price.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An37_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Assumption of Liabilities</font></u></a><font lang=X-NONE>.&nbsp; At the Closing, Pakshi Purchaser shall assume the Assumed Liabilities.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An38_286329><a name=_Ref312572916><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Final Working Capital Adjustment</font></u></a><font lang=X-NONE>.&nbsp; Within five days after the date on which the Closing Statement becomes final and binding in accordance with Section <a name=_Aci_Fl60_322E35></font><font lang=X-NONE>2.5</font><font lang=X-NONE>, (i) if there is a Working Capital Deficiency, then Company shall pay the amount of the Working Capital Deficiency to Purchaser (or such amount will be released and paid to Purchaser from the Escrow Account) and (ii) if there is a Working Capital Excess, then Pakshi Purchaser shall pay to Company the amount of the Working Capital Excess.&nbsp; The amount of the Working Capital Deficiency or the amount of the Working Capital Excess, as the case may be, shall be treated as an adjustment to the Purchase Price, to be allocated among the Other Asset Purchase Price and the Intellectual Property Purchase Price in the proportion which they bear to one another.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An39_286429><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Tax Withholding</font></u></a><font lang=X-NONE>. Notwithstanding anything in this Agreement to the contrary, all amounts payable pursuant to the terms of this Agreement or the Joinder shall be subject to applicable Tax withholding requirements, and Purchaser and Escrow Agent shall be entitled to deduct or withhold or cause to be withheld from amounts payable pursuant to this Agreement any amount either Purchaser or Escrow Agent determines, in its sole discretion, is required to be deducted or withheld under Applicable Law with respect to Taxes; provided, however, that: </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An40_286929><a name=_Ref311554693><a name=_Aci_Pg14><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>if an applicable interim or final Israeli Tax ruling is obtained from the Israeli Tax Authority (the &#147;ITA&#148;) , any withholding under the Israeli Tax Ordinance will be made in accordance with such Tax ruling (an &#147;ITA Tax Ruling&#148;), if Purchaser is provided with such ITA Tax Ruling at least three (3) Business Days prior to such payment being made pursuant to the terms of this Agreement;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An41_28696929><a name=_Ref311554585><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>if a Person entitled to receive a payment pursuant to the terms of this Agreement provides to Purchaser, Escrow Agent, and the Company, at least three (3) Business Days prior to the date of such payment, with an applicable exemption or confirmation of no or reduced-rate withholding issued by the ITA or other applicable Taxing Authority with respect to the payment of the Purchase Price setting forth, among other things, such Purchase Price (a &#147;Qualified Withholding Certificate&#148;), such payment shall be made subject to the withholding described in such Qualified Withholding Certificate;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An42_2869696929><font style=COLOR:windowtext lang=X-NONE>(iii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>to the extent that amounts are withheld, such amounts shall be paid to the ITA and a written proof of such payment shall be provided to the Company and such amounts shall be treated for all purposes of this Agreement as having been paid to the Persons with respect to whom such amounts were withheld.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Ref311554068><a name=_Aci_An43_322E33><a name=_Toc315307779><a name=_Ref311545288><font style=COLOR:windowtext lang=X-NONE>2.3<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Closing Statement</font></u></a><font lang=X-NONE>.&nbsp; </font>Within ninety (90) days from the Closing Date, <font lang=X-NONE>Purchaser shall prepare and deliver to Company an unaudited statement (the &#147;Closing Statement&#148;) of the Working Capital of Company as of immediately prior to the Closing (the &#147;Closing Working Capital&#148;), which shall be prepared in accordance with GAAP, regardless of any changes in GAAP following the date of this Agreement, as further described and modified by Schedule <a name=_Aci_Fl61_322E33></font><font lang=X-NONE>2.3</font><font lang=X-NONE>hereto. </font><font lang=X-NONE>&nbsp;</font><font lang=X-NONE>Promptly upon Company&#146;s request, Purchaser shall</font><font lang=X-NONE>make available to Company copies of the work papers and back-up materials used by Purchaser in preparing the Closing Statement and such other documents as Company may reasonably request in connection with its review thereof.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An44_322E34><a name=_Toc315307780><a name=_Ref315098230><font style=COLOR:windowtext lang=X-NONE>2.4<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Escrow</font></u></a><font lang=X-NONE>.&nbsp; At Closing, Purchaser shall deposit </font>US$ 2,225,065 (such amount comprised of US$ 675,000 (15% of Purchase Price), US$ 565,789 (amount payable to Bank), US$ 488,700 (amount payable to OCS), US$ 84,211 (amount payable to the landlord in connection with the Hod Hasharon Office Lease) and $411,365 (amount payable to those licensors with regard to the Intellectual Property Licenses, as such parties are identified on Exhibit D to the Disclosure Schedules)) <font lang=X-NONE>(the &#147;Escrow Amount&#148;) (such amount to be </font>paid by the HK Purchaser and then <font lang=X-NONE>proportionately </font>allocated between <font lang=X-NONE>Pakshi Purchaser and HK Purchaser based on their portion of the overall Purchase Price</font>, as determined by Purchaser<font lang=X-NONE>) with an escrow agent jointly selected by Purchaser and the Company (the &#147;Escrow Agent&#148;), which amount shall be withheld from the Purchase Price.&nbsp; The Parties acknowledge and agree that the Escrow Amount shall be used </font>(a) for securing the payment of certain Liabilities by the Company, as set forth in the Escrow Agreement, and (b) <font lang=X-NONE>for the purpose of securing the Company&#146;s indemnification obligations pursuant to Article VI.&nbsp; The Escrow Amount shall be administered in accordance substantially with the provisions of an Escrow Agreement in the form attached hereto as Exhibit C (the &#147;Escrow Agreement&#148;), subject to negotiating terms acceptable to the Escrow Agent.&nbsp; The Escrow Amount shall be held as a trust fund and shall not be subject to any lien, attachment, trustee process or any other judicial process of any creditor of any Party and shall be held and disbursed solely for the purposes and in accordance with the respective terms of the Escrow Agreement.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An45_322E35><a name=_Toc315307781><a name=_Ref313793113><a name=_Ref311555771><a name=_Ref311554631><a name=_Ref311552156><font style=COLOR:windowtext lang=X-NONE>2.5<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Resolution of Certain Disputes</font></u></a><font lang=X-NONE>.&nbsp; </font><font lang=X-NONE>Within 30 days after Company&#146;s receipt of the Closing Statement</font>,<font lang=X-NONE>Company shall deliver to Purchaser a written statement either accepting the Closing Statement or specifying in reasonable detail, indicating each disputed item or amount and the basis for Company&#146;s disagreement therewith, any objections (a &#147;Statement of Objections&#148;) thereto.&nbsp; If Company does not deliver a Statement of Objections within such 30-day period, the Closing Statement shall become final and binding upon all parties.&nbsp; If Company does deliver a Statement of Objections within such 30-day period, and the parties cannot resolve such objections within 30 days after Purchaser&#146;s receipt thereof, any remaining disputes shall be resolved by a</font>n<font lang=X-NONE>independent accounting firm in Israel mutually agreed upon by Company and Purchaser (the &#147;Accounting Firm&#148;).&nbsp; If the parties cannot agree on an Accounting Firm, then the matter will be submitted to arbitration and the arbitrator will pick the accountant in Israel, but there shall only be a one hour</font> telephonic<font lang=X-NONE>hearing before </font>an American Arbitration Association qualified or appointed <font lang=X-NONE>arbitrator with respect to this matter.&nbsp; The Accounting Firm shall be instructed <a name=_Aci_Pg15>to resolve such disputes within 45 days after its appointment, based solely on the presentations of Purchaser and Company as to whether such objections have been determined in a manner consistent with this Agreement.&nbsp; The Account</font>ing Firm<font lang=X-NONE>shall only decide the specific items under dispute by the parties and </font>its <font lang=X-NONE>decision for each disputed amount must be within the range of values assigned to each such item in the Closing Statement and the related Statement of Objections, respectively.&nbsp; The resolution of such disputes by the Accounting Firm shall be set forth in writing and shall be conclusive and binding upon all parties and the Closing Statement, as modified by such resolution, shall become final and binding upon the date of such resolution.&nbsp; The fees and expenses of the Accounting Firm shall be apportioned </font>by the Accounting Firm <font lang=X-NONE>between Company, on the one hand, and Purchaser, on the other hand, based on which party&#146;s claims were successful, and the parties shall pay the Accounting Firm in accordance with such determination.&nbsp; For example, if pursuant to this Section <a name=_Aci_Fl62_322E35></font><font lang=X-NONE>2.5</font><font lang=X-NONE>Company submitted an objection affecting the Purchase Price in the amount of $280,000 and prevailed as to $70,000 of such amount, Purchaser will pay the entire fees and expenses of the Accounting Firm.</font>&nbsp; </p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An46_322E36><a name=_Toc315307782><font style=COLOR:windowtext lang=X-NONE>2.6<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Consents and Approval; Failure to Obtain Third Party Consents</font></u></a><font lang=X-NONE>.&nbsp; To the extent that Company&#146;s rights under any Contract or Permit constituting an Acquired Asset, or any other Acquired Asset, may not be assigned to Purchaser without the consent of another Person which has not been obtained, neither this Agreement nor the Assignment and Assumption Agreement shall constitute an agreement to assign the same if an attempted assignment would constitute a breach thereof or be unlawful.&nbsp; If any such consent shall not be obtained or if any attempted assignment would be ineffective or would impair Purchaser&#146;s rights under the Acquired Asset in question so that Purchaser would not in effect acquire the benefit of all such rights, Company, to the maximum extent permitted by law and the Acquired Asset, shall be deemed to be after the Closing as Purchaser&#146;s agent in order to obtain for it the benefits thereunder and shall cooperate, to the maximum extent permitted by Law and the Acquired Asset, with Purchaser in any other reasonable arrangement designed to provide such benefits to Purchaser.</font>&nbsp; </p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An47_322E37><a name=_Toc315307783><a name=_Ref311545349><font style=COLOR:windowtext lang=X-NONE>2.7<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Allocation of Purchase Price</font></u></a><font lang=X-NONE>.&nbsp; The Purchase Price (including, for purposes of this Section <a name=_Aci_Fl63_322E37></font><font lang=X-NONE>2.7</font><font lang=X-NONE>, any other consideration paid to Company</font> as well as the assumption of<font lang=X-NONE>the Assumed Liabilities) shall be allocated among the Acquired Assets</font>, including with respect to the Subsidiary Acquired Assets as defined in any Joinder,<font lang=X-NONE>in the manner </font>as agreed by the Parties<font lang=X-NONE>(the &#147;Allocation Schedule&#148;).&nbsp; Within five days after the date on which the Closing Statement becomes final and binding in accordance with Section <a name=_Aci_Fl64_322E35></font><font lang=X-NONE>2.5</font>, the Parties will agree on the Allocation Schedule.&nbsp; <font lang=X-NONE>Purchaser and Company </font>all <font lang=X-NONE>agree to file </font>applicable <font lang=X-NONE>Tax Returns in accordance with the Allocation Schedule.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An48_322E38><a name=_Toc315307784><font style=COLOR:windowtext lang=X-NONE>2.8<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Closing</font></u></a><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An49_286129><a name=_Ref311553954><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Time and Place of Closing</font></u></a><font lang=X-NONE>.&nbsp; The consummation of the transactions contemplated by this Agreement (the &#147;Closing&#148;) shall take place at a virtual meeting (i.e., a meeting at which all deliveries may be effected by telephone, facsimile, email, PDF, wire transfer and/or similar means involving the exchange of electronic images of signed originals of documentation) to be held at the offices of the Company, on the date hereof at 8:00 a.m., Salt Lake City time and 5:00 p.m. Tel Aviv time</font>, or at such other date as the parties may agree when all deliverables under subparagraph (b) and (c) of this Section have been delivered by the Parties <font lang=X-NONE>(the &#147;Closing Date&#148;) and at which meeting the various payments and deliveries contemplated by this Agreement to be made by the parties will be made.&nbsp; The Company has received approval of this transaction from the OCS, as attached hereto as Exhibit D (the &#147;OCS Approval&#148;), which approval is conditioned on approval by an appropriate court.&nbsp; Notwithstanding any other provision of this Agreement, the Closing shall not occur and the transactions contemplated by the provisions of this Agreement shall not occur until and unless (a) approval by the Central District Court, Petch Tikva, Israel (the &#147;Court Approval&#148;) is obtained; and (b) such approval is on terms acceptable in the reasonable judgment of Purchaser, including terms to the effect that obligations of Company to the Bank and the OCS will be satisfied in full.&nbsp; All events which shall occur at the Closing shall be deemed to occur simultaneously with the execution and delivery of this Agreement.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An50_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Company Closing Deliveries</font></u></a><font lang=X-NONE>.&nbsp; At the Closing, and as a condition to Purchaser&#146;s payment of the Purchase Price, Company shall deliver to Purchaser:</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An51_286929><a name=_Aci_Pg16><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a true and correct copy of resolutions of Company&#146;s and Company Subsidiaries&#146; Board of Directors approving this Agreement and the Transaction Documents (as applicable) and the transactions contemplated hereby and thereby;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An52_28696929><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a true and correct copy of resolutions of Company&#146;s and Companies&#146; Subsidiaries&#146; shareholders approving this Agreement and the Transaction Documents (as applicable) and the transactions contemplated hereby and thereby, to the extent such is required;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An53_2869696929><font style=COLOR:windowtext lang=X-NONE>(iii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a counterpart of the Escrow Agreement duly executed by Company and by the Escrow Agent, which Exhibit </font></a>B<font lang=X-NONE>thereto must be in form satisfactory to the Parties;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An54_28697629><a name=_Ref311553903><font style=COLOR:windowtext lang=X-NONE>(iv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>bills of sale in the form attached hereto as Exhibit E (the &#147;Bill of Sale&#148;) duly executed by Company;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An55_287629><font style=COLOR:windowtext lang=X-NONE>(v)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a Bill of Sale executed by each Company Subsidiary transferring any Acquired Assets owned by any such Company Subsidiary; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An56_28766929><a name=_Ref311552343><font style=COLOR:windowtext lang=X-NONE>(vi)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a counterpart of assignment and assumption agreements in the form attached hereto as Exhibit F (the &#147;Assignment and Assumption Agreement&#148;) duly executed by Company; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An57_2876696929><font style=COLOR:windowtext lang=X-NONE>(vii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a counterpart of an Assignment and Assumption Agreement duly executed by any Company Subsidiary transferring any rights pursuant to such an agreement;&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An58_287669696929><a name=_Ref311554232><font style=COLOR:windowtext lang=X-NONE>(viii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a counterpart of all assignments and instruments necessary to transfer ownership of the registered Intellectual Property Assets, including (A) the Assignment of Intellectual Property Registrations and Intellectual Property Assets in the form attached hereto as Exhibit G, and (B) the Trademark Assignment Agreement in the form attached hereto as Exhibit H, (C) the Domain Name Assignment in the form attached hereto as Exhibit I; and (D) the Copyright Assignment in the form attached hereto as Exhibit J (collectively, the &#147;Intellectual Property Assignments&#148;);</font></a><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An59_28697829><font style=COLOR:windowtext lang=X-NONE>(ix)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>the consents listed in Section </font></a><a name=_Aci_Fl65_332E34><font lang=X-NONE>3.4</font><font lang=X-NONE>of the Disclosure Schedule; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An60_287829><a name=_Ref311555402><font style=COLOR:windowtext lang=X-NONE>(x)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>signed opinion of Erdinast, Ben Nathan &amp; Co., counsel to Company, in the form attached hereto as Exhibit K, dated as of the date of the Closing and addressed to Purchaser;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:15pt; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An61_28786929><font style=COLOR:windowtext lang=X-NONE>(xi)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>the Court Approval; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An62_2878696929><a name=_Ref311555446><font style=COLOR:windowtext lang=X-NONE>(xii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>consent of Mizrahi Tefahot bank Ltd. (the &#147;Bank&#148;) to the sale of the Acquired Assets contemplated hereunder and to release their charges from Acquired Assets;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An63_287869696929><font style=COLOR:windowtext lang=X-NONE>(xiii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a duly executed Employee Waiver from each current Company Employee (which includes contractors); </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An64_2878697629><font style=COLOR:windowtext lang=X-NONE>(xiv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>notice from the Company to the Registrar of Companies informing the registrar about its resolution to change its name to a different name, as contemplated by Section </font></a><a name=_Aci_Fl66_352E35><font lang=X-NONE>5.5</font><font lang=X-NONE>; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An65_28787629><font style=COLOR:windowtext lang=X-NONE>(xv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a copy of the Joinder, duly executed by each Company Subsidiary transferring any assets pursuant to this Agreement;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An66_2878766929><font style=COLOR:windowtext lang=X-NONE>(xvi)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>duly executed petitions to revive the patents of the Company included in the Intellectual Property Assets, in form and substance to the reasonable satisfaction of Purchaser; and</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An67_287876696929><a name=_Aci_Pg17><font style=COLOR:windowtext lang=X-NONE>(xvii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>such other customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to Purchaser, as may be required to give effect to this Agreement, provided that such requirements shall not impose any unreasonable cost on or involve any unreasonable effort by the Company.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An68_286329><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Purchaser Closing Deliveries</font></u></a><font lang=X-NONE>.&nbsp; At the Closing each Purchaser shall deliver to Company:</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An69_286929><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a true and correct copy of the resolutions of each Purchaser&#146;s Board of Directors, approving this Agreement and the Transaction documents and the transactions contemplated hereby and thereby; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An70_28696929><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>the consideration required of them as referred to in Section </font></a><a name=_Aci_Fl67_322E32286129><font lang=X-NONE>2.2(a)</font><font lang=X-NONE>(after deduction of the Escrow Amount) hereof; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An71_2869696929><font style=COLOR:windowtext lang=X-NONE>(iii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a counterpart of the Escrow Agreement duly executed by each Purchaser and the Escrow Agent, which Exhibit </font></a>B<font lang=X-NONE>thereto must be in form satisfactory to the Parties;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An72_28697629><font style=COLOR:windowtext lang=X-NONE>(iv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>a counterpart of the Assignment and Assumption Agreement duly executed by each Purchaser; and</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An73_287629><font style=COLOR:windowtext lang=X-NONE>(v)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>such other customary instruments of transfer, assumption, filings or documents, in form and substance reasonably satisfactory to Company, as may be required to give effect to this Agreement.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An74_286429><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Closing Matters Respecting Intellectual Property Assets. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An75_286929><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Upon the Closing, Company hereby sells, assigns, transfers, and conveys to HK Purchaser all right, title, and interest in and to the Intellectual Property Registrations and Intellectual Property Assets.&nbsp; Company understands and acknowledges that, if any of the Intellectual Property Assets are assigned to Company&#146;s affiliates or subsidiaries, Company may be required prior to Closing to perform certain actions to establish that Company is the assignee and to record such assignments.&nbsp; On or before Closing, Company will execute and deliver to Purchaser the Intellectual Property Assignments. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An76_28696929><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Upon the Closing, Company hereby also sells, assigns, transfers, and conveys to Purchaser all right, title, and interest in and to all:</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An77_284129><font lang=X-NONE>(A)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Inventions, invention disclosures, and discoveries described in patents identified Section </font></a><a name=_Aci_Fl68_332E3131286129><font lang=X-NONE>3.11(a)</font><font lang=X-NONE>that: (I) are included in any claim in the patents;&nbsp; (II) are subject matter capable of being reduced to a patent claim in a reissue or reexamination proceeding brought on any of the patents; and/or (III) could have been included as a claim in any of the patents;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An78_284229><font lang=X-NONE>(B)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Rights to apply in any or all countries of the world for patents, certificates of invention, utility models, industrial design protections, design patent protections, or other governmental grants or issuances of any type related to any of the patents identified in Section </font></a><a name=_Aci_Fl69_332E3131286129><font lang=X-NONE>3.11(a)</font><font lang=X-NONE>and the inventions, invention disclosures, and discoveries therein;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt 1.5in; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An79_284329><font lang=X-NONE>(C)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Causes of action (whether known or unknown or whether currently pending, filed, or otherwise) and other enforcement rights under, or on account of, any of the patents identified in Section </font></a><a name=_Aci_Fl70_332E3131286129><font lang=X-NONE>3.11(a)</font><font lang=X-NONE>, including, without limitation, all causes of action and other enforcement rights for: (I) damages; (II) injunctive relief; (III) any other remedies of any kind for past, current, and future infringement; and (IV) rights to collect <a name=_Aci_Pg18>royalties or other payments under or on account of any of the patents and/or any of the foregoing.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An80_2869696929><font style=COLOR:windowtext lang=X-NONE>(iii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>At the reasonable request of Purchaser, Company will execute and deliver such other instruments and perform such other acts and things as may be necessary or desirable for effecting completely the consummation of the transactions contemplated hereby, including, without limitation, execution, acknowledgment, and recordation of other such papers, and using commercially reasonable efforts to obtain the same from the respective inventors, as necessary or desirable for fully perfecting and conveying unto Purchaser the benefit of the transactions contemplated hereby.&nbsp; To the extent any attorney-client privilege or the attorney work-product doctrine applies to any portion of the Patent prosecution history files, Company will ensure that, if any such portion of the prosecution history files remain under Company&#146;s possession or control after Closing, it is not disclosed to any third party unless: (I) disclosure is ordered by a court of competent jurisdiction, after all appropriate appeals to prevent disclosure have been exhausted; and (II) Company gives Purchaser prompt notice upon learning that nay third party sought or intended to seek a court order requiring the disclosure of any such portion of the prosecution history file.&nbsp; Company will also, at the reasonable request of Purchaser after Closing, assist Purchaser in providing and obtaining, from the respective inventors, prompt production of pertinent facts and documents, otherwise giving of testimony, execution of petitions, oaths, powers of attorney, specifications, declarations, or other papers, and other assistance reasonably necessary for filing patent applications or for enforcement or other actions and proceedings with respect to claims under the patents identified in Section </font></a><a name=_Aci_Fl71_332E3131286129><font lang=X-NONE>3.11(a)</font><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An81_28697629><font style=COLOR:windowtext lang=X-NONE>(iv)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>To the extent the patents include non-United States patents and patent applications, Company will deliver to Purchaser&#146;s representatives executed documents in a form as may be required in a non-United States jurisdiction in order to perfect the assignment to Purchaser of the non-United States patents and patent applications.</font></a></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:15pt; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_An82_41525449434C4520494949><a name=_Toc315307785><font style=COLOR:windowtext lang=X-NONE>ARTICLE III</font><font lang=X-NONE><br><br></font></a><a name=_Ref313800359><font lang=X-NONE>Representations and Warranties of Company</font></a></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>Except as set forth in the correspondingly numbered Section of the Disclosure Schedules, Company represents and warrants to Purchaser</font><font lang=X-NONE>as follows</font> (the &#147;Company&#146;s Representations&#148;)<font lang=X-NONE>: </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An83_332E31><a name=_Toc315307786><font style=COLOR:windowtext lang=X-NONE>3.1<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Organization and Qualification</font></u></a><font lang=X-NONE>.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An84_286129><a name=_Ref311555892><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company is a private company duly organized, validly existing under the Laws of Israel and has full corporate power and authority to own, operate or lease the Acquired Assets owned or held by it, and to carry on the Business as currently conducted.&nbsp; Section </font></a><a name=_Aci_Fl72_332E31286129><font lang=X-NONE>3.1(a)</font><font lang=X-NONE>of the Disclosure Schedule sets forth each jurisdiction in which Company is licensed or qualified to do business, and Company is duly licensed or qualified to do business and is in good standing (to the extent such concept or a comparable status is recognized) in each jurisdiction in which the ownership of the Acquired Assets or the operation of the Business as currently conducted makes such licensing or qualification necessary except to the extent there has been a failure to make any payments necessary for the Company to be licensed, qualified to do business or in good standing, with the consequences thereof as set forth on Section <a name=_Aci_Fl73_332E31286129></font><font lang=X-NONE>3.1(a)</font><font lang=X-NONE>of the Disclosure Schedule,.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An85_286229><a name=_Ref311544920><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except for the Company Subsidiaries and as set forth on Section </font></a><a name=_Aci_Fl74_332E31286229><font lang=X-NONE>3.1(b)</font><font lang=X-NONE>of the Disclosure Schedule, (i) Company does not own any shares of capital stock or any other equity interest in or control any other Person</font><font lang=X-NONE>and (ii) is not a participant in any joint venture, partnership or similar arrangement and does not currently own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, limited liability company, association, or other business entity.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An86_332E32><a name=_Toc315307787><font style=COLOR:windowtext lang=X-NONE>3.2<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Articles of Association; Minute Books</font></u></a><font lang=X-NONE>.&nbsp; The Company has Made Available to Purchaser a <a name=_Aci_Pg19>complete and correct copy of the Articles of Association.&nbsp; The Articles of Association are in full force and effect, and have not been amended, restated, or superseded.&nbsp; The Company is not in material violation of any of the provisions of the Articles of Association.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An87_332E33><a name=_Toc315307788><font style=COLOR:windowtext lang=X-NONE>3.3<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Authorization</font></u></a><font lang=X-NONE>.&nbsp; Company has full corporate power and authority to enter into this Agreement and the other Transaction Documents to which Company is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Company of this Agreement and any other Transaction Document to which Company is a party, the performance by Company of its obligations hereunder and thereunder and the consummation by Company of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Company. This Agreement has been duly executed and delivered by Company, and (assuming due authorization, execution and delivery by Purchaser) this Agreement constitutes a legal, valid and binding obligation of Company enforceable against Company in accordance with its terms. When each other Transaction Document to which Company is or will be a party has been duly executed and delivered by Company (assuming due authorization, execution and delivery by each other party thereto), such Transaction Document will constitute a legal and binding obligation of Company enforceable against it in accordance with its terms. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An88_332E34><a name=_Toc315307789><a name=_Ref312318011><a name=_Ref311555912><a name=_Ref311545412><font style=COLOR:windowtext lang=X-NONE>3.4<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Consents and Approvals; Authority Relative to this Agreement</font></u></a><font lang=X-NONE>.&nbsp; Subject to obtaining the consents, approvals and actions, making the filings and giving the notices specified in Section <a name=_Aci_Fl75_332E34></font><font lang=X-NONE>3.4</font><font lang=X-NONE>of the Disclosure Schedule, the execution, delivery and performance by Company of this Agreement and the other Transaction Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) conflict with or result in a violation or breach of, or default under, any provision of </font>the Articles of Association, as amended to date, or any other governing organizational documents <font lang=X-NONE>of Company</font>, including any shareholders&#146; agreement<font lang=X-NONE>; (b) materially conflict with or result in a material violation or breach of any provision of any Law or Governmental Order applicable to Company, the Business or the Acquired Assets; (c) except as set forth in Section <a name=_Aci_Fl76_332E34></font><font lang=X-NONE>3.4</font><font lang=X-NONE>of the Disclosure Schedule, require the consent, notice or other action by any Person under, materially conflict with, result in a material violation or breach of, constitute a material default or an event that, with or without notice or lapse of time or both, would constitute a default under, result in the acceleration of or create in any party the right to accelerate, terminate, modify or cancel any Contract or Permit to which Company is a party or by which Company or the Business is bound or to which any of the Acquired Assets are subject (including any Assumed Contracts) or (d) result in the creation or imposition of any Encumbrance on the Acquired Assets.&nbsp; </font>Except as set forth on Section <a name=_Aci_Fl77_332E34><font lang=X-NONE>3.4</font> of the Disclosure Schedule, n<font lang=X-NONE>o material consent, approval, Permit, Governmental Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Company in connection with the execution and delivery of this Agreement or any of the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby</font> and the performance by Company of its obligations thereunder<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An89_332E35><a name=_Toc315307790><font style=COLOR:windowtext lang=X-NONE>3.5<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u>No I</u></a><u><font lang=X-NONE>nsolvency</font></u><font lang=X-NONE>. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An90_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except in connection with the proceeding seeking the Court Approval, no order has been made, petition presented or meeting convened for the bankruptcy or winding up of the Company or for the appointment of any liquidator or in relation to any other process whereby the assets of the Company are distributed among its creditors and/or shareholders or other contributors, and there are no actions under any applicable bankruptcy, insolvency, reorganization or similar Applicable Laws. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An91_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except as may be so determined in the Court Approval, no receiver or trustee has been appointed in respect of the whole or any part of any of the property or assets of the Company nor has any such order been made (including, in any relevant jurisdiction, any other order by which, during the period it is in force, the affairs and assets of the Company are managed by a Person appointed for the purpose by a Governmental Authority or similar body).&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>The Company has initiated a voluntary liquidation process in connection with seeking the Court Approval.&nbsp; Other than such proceeding, the Company represents, warrants and undertakes that the consummation of Closing <a name=_Aci_Pg20>and/or the Company&#146;s obligations and undertakings hereunder will not cause or accelerate, in any manner, directly or indirectly, any event which can reasonably be expected to result during the period commencing on the Closing Date and ending three (3) months thereafter in any bankruptcy, insolvency, reorganization or similar proceeding, including the appointment of a trustee or receiver with respect to the Company or any of its assets.&nbsp; The Company further represents, warrants and undertakes that, to its Knowledge, the Purchase Price exceeds all of the Company&#146;s Indebtedness which is due and payable within three months from the Closing Date. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An92_332E36><a name=_Toc315307791><font style=COLOR:windowtext lang=X-NONE>3.6<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Financial Statements; No Undisclosed Liabilities</font></u></a><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An93_286129><a name=_Ref311552420><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company has Made Available to Purchaser (i) the non GAAP audited balance sheets of Company as of December 31, 2010 and 2009 and the related profits and loss statements (income statements), and cash flows for the years then ended (collectively all such financial statements are referred to as the &#147;Financial Statements&#148;).&nbsp; Except as set forth on Section </font></a><a name=_Aci_Fl78_332E36286129><font lang=X-NONE>3.6(a)</font><font lang=X-NONE>of the Disclosure Schedule, the Financial Statements are true, correct and complete and fairly present, in all material respects, the financial position and results of operation of the Business as of the applicable dates and for the periods indicated. No information has come to the attention of Company since such respective dates that would indicate that such financial statements are not true and correct in all material respects as of the dates thereof</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An94_286229><a name=_Ref311555944><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl79_332E36286229><font lang=X-NONE>3.6(b)</font><font lang=X-NONE>of the Disclosure Schedule sets forth the Liabilities of the Company as of the date of this Agreement, including any disputed Liabilities subject to Actions and set forth in Section <a name=_Aci_Fl80_332E3230></font><font lang=X-NONE>3.20</font><font lang=X-NONE>of the Disclosure Schedule.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An95_332E37><a name=_Ref311555957><a name=_Toc315307792><font style=COLOR:windowtext lang=X-NONE>3.7<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>[intentionally omitted]</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An96_332E38><a name=_Toc315307793><a name=_Ref311555981><font style=COLOR:windowtext lang=X-NONE>3.8<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Title to, Sufficiency and Condition of Assets</font></u></a><font lang=X-NONE>. Subject to the </font>claims that <font lang=X-NONE>certain of the Company&#146;s vendors and employees may have against the Company with respect to the fact that the Company did not make due payments to such vendors and employees, </font>in the amounts as specifically set forth on Section <a name=_Aci_Fl81_332E38>3.8 of the Disclosure Schedule,<font lang=X-NONE>Company has good and valid title to, and is the lawful owner of, all of the Acquired Assets, free and clear of any Encumbrance.&nbsp; Upon delivery to Purchaser of </font>each of <font lang=X-NONE>the Bill</font>(s)<font lang=X-NONE>of Sale and Assignment and Assumption Agreement</font>(s)<font lang=X-NONE>, Company will thereby transfer to Purchaser good and marketable title to the Acquired Assets, subject to no Encumbrances except as specified in Section </font><a name=_Aci_Fl82_332E38>3.8 <font lang=X-NONE>of the Disclosure Schedule. </font>&nbsp;&nbsp;<font lang=X-NONE>The Acquired Assets are sufficient for the continued conduct of the Business after the Closing in substantially the same manner as conducted prior to the Closing and</font>, except as set forth in Section <a name=_Aci_Fl83_332E38>3.8 of the Disclosure Schedule,<font lang=X-NONE>constitute all of the assets, properties and rights currently used by Company in the conduct of the Business. </font><font lang=X-NONE>&nbsp;</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An97_332E39><a name=_Toc315307794><a name=_Ref312320296><font style=COLOR:windowtext lang=X-NONE>3.9<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Real Property</font></u></a><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An98_286129><a name=_Ref311544542><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company does not own and has never owned any real property, nor does it hold any option to acquire any real property.</font></a><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An99_286229><a name=_Ref311554360><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company leases office and warehouse space (the &#147;Leased Premises&#148;) pursuant to the Office Leases, which Office Leases are included in the Acquired Assets.&nbsp; With respect to each Office Lease, subject to the fact that the lessor may have claims due to unpaid rent as set forth on Section </font></a><a name=_Aci_Fl84_332E39286229><font lang=X-NONE>3.9(b)</font><font lang=X-NONE>of the Disclosure Schedule (i) such lease is valid, binding, enforceable and in full force and effect; (ii) Company has not received nor given any notice of any default or event that with notice or lapse of time, or both, would constitute a default by Company under the lease and, to the Knowledge of Company, no other party is in default thereof, and no party to the lease has exercised any termination rights with respect thereto; (iii) Company has not subleased, assigned or otherwise granted to any Person the right to use or occupy any Leased Premises or any portion thereof; and (iv) Company has not pledged, mortgaged or otherwise granted an Encumbrance on its leasehold interest in the Leased Premises. (v) to the Knowledge of the Company, no parcel of either Office Lease is subject to any Governmental Order to be sold or is being condemned, expropriated or otherwise taken by any Governmental <font size=+0><font style=FONT-WEIGHT:normal>Authority</font></font> nor, to the Knowledge of the Company, has any such action been proposed.&nbsp; Subject to obtaining the consents specified in Section <a name=_Aci_Fl85_332E34></font><font lang=X-NONE>3.4</font><font lang=X-NONE>of the Disclosure Schedule and Company paying and past due <a name=_Aci_Pg21>required amount with respect to each Office Lease, each such Office Lease will remain valid and binding in accordance with its terms following the Closing</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An100_332E3130><a name=_Toc315307795><a name=_Ref311544584><font style=COLOR:windowtext lang=X-NONE>3.10<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Equipment</font></u></a><font lang=X-NONE>.&nbsp; Section <a name=_Aci_Fl86_332E3130></font><font lang=X-NONE>3.10</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of all Equipment owned by </font>Company<font lang=X-NONE>and having an individual book value in excess of $5,000 and of each lease of Equipment having aggregate minimum lease payments in excess of $5,000 binding upon Company.&nbsp; Company has Made Available to Purchaser true, correct and complete copies of any and all such Equipment leases.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An101_332E3131><a name=_Toc315307796><a name=_Ref312321092><font style=COLOR:windowtext lang=X-NONE>3.11<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Intellectual Property</font></u></a><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An102_286129><a name=_Ref314499662><a name=_Ref311544593><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl87_332E3131286129><font lang=X-NONE>3.11(a)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of all (i) Intellectual Property Registrations and (ii) Intellectual Property Assets that are not registered but that are material to the operation of the Business.&nbsp; Company has Made Available to Purchaser a true, correct and complete copy of the file histories, documents, certificates, office actions, correspondence and other materials related to all Intellectual Property Registrations.</font><font lang=X-NONE>Other than the representations and warranties set forth in this Section <a name=_Aci_Fl88_332E3131></font><font lang=X-NONE>3.11</font><font lang=X-NONE>and in Sections 3.8 and <a name=_Aci_Fl89_332E3132></font><font lang=X-NONE>3.12</font><font lang=X-NONE>, as applicable, the Company does not and shall not be deem to give any representation or warranty with respect to the Intellectual Property Assets, and the Intellectual Property Assets are being sold and transferred on an &#147;AS IS&#148; basis. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An103_286229><a name=_Ref312841770><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except as set forth on Section </font></a><a name=_Aci_Fl90_332E3131286229><font lang=X-NONE>3.11(b)</font><font lang=X-NONE>of the Disclosure Schedule, Company owns all right, title and interest in and to the Intellectual Property Assets, free and clear of Encumbrances. Without limiting the generality of the foregoing, except as set forth on Section <a name=_Aci_Fl91_332E3131286229></font><font lang=X-NONE>3.11(b)</font><font lang=X-NONE>of the Disclosure Schedule, Company has entered into binding, written agreements with every current and former Employee of Company, and with every current and former consultant and independent contractor, whereby such Employees, consultants and independent contractors (i) assign to Company any ownership interest and right they may have in the Intellectual Property Assets; and (ii) acknowledge Company&#146;s exclusive ownership of all Intellectual Property Assets.&nbsp; Company has Made Available to Purchaser true, correct and complete copies of all such agreements.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=a710856><a name=_Aci_An104_286329><a name=_Ref311544716><a name=_Ref314496324><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Subject to Section </font></a><a name=_Aci_Fl92_332E3131286329><font lang=X-NONE>3.11(c)</font><font lang=X-NONE>and except as specified in Section <a name=_Aci_Fl93_332E3131286329></font><font lang=X-NONE>3.11(c)</font><font lang=X-NONE>of the Disclosure Schedule, no funding from or facilities of any Governmental Authority or university, college, other academic institution or research center was used in the creation or development of any Company Intellectual Property.&nbsp; Section <a name=_Aci_Fl94_332E3131286329></font><font lang=X-NONE>3.11(c)</font><font lang=X-NONE>of the Disclosure Schedule sets forth a list of all current or former founders, employees, contractors, consultants, or other service providers of the Company that have contributed, in any way, to the authorship, conception, design or development of any Company Intellectual Property and that have performed services for any Governmental Authority, university, college, other academic institution or research center, or any other Person during a period of time during which (or, in the case of any Governmental Authority, for the twelve (12) months prior to and during which) such person was also performing services used in such authorship, conception, design or development of Company Intellectual Property (each, an &#147;Overlapping Service Provider&#148;), including the full name of such person, such time period, and the applicable Governmental Authority, university, college, other academic institution or research center, or other Person (each, an &#147;Overlapping Entity&#148;). Each Overlapping Entity has expressly waived any and all ownership rights, licensing rights, royalty rights, or other beneficial interests in or to the Company Intellectual Property arising from such Overlapping Entity&#146;s relationship with the applicable Overlapping Service Provider, and the Company has Made Available to Purchaser copies of all such waivers. The foregoing representation does not apply to any restrictions on the transfer, license or alienability of the Company Intellectual Property rights under export control Laws.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An105_286429><a name=_Ref311544647><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Notwithstanding anything to the contrary in this Agreement, the Parties recognize that the sale of the Acquired Assets contemplated hereunder requires the OCS Approval and the Court Approval</font></a><font lang=X-NONE>. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An106_286529><a name=_Ref312841878><a name=_Aci_Pg22><font lang=X-NONE>(e)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>None of the Company Software or any products or Intellectual Property under development by the Company, directly or indirectly, is based upon, uses or incorporates any Intellectual Property that was developed using funding provided by the European Commission nor does the European Commission, any other Governmental Authority (other than the OCS) or any academic institution have any ownership interest in or right to restrict the sale, licensing, distribution or transfer of any Intellectual Property of the Company, Company Software or Company products.&nbsp; Except as set forth on Section <a name=_Aci_Fl95_332E3131286529></font><font lang=X-NONE>3.11(e)</font><font lang=X-NONE>of the Disclosure Schedule, each item of Intellectual Property of the Company is freely transferable, conveyable and/or assignable by the Company to any entity located in any jurisdiction in the world without any restriction, constraint, control, supervision or limitation that could be imposed by the EU Office, any other Governmental Authority or any academic institution.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An107_286629><font lang=X-NONE>(f)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company does not use or develop, or engage in, encryption technology, technology with military applications, or other technology, the development, commercialization or export of which is restricted under any Applicable Law, and the Company&#146;s business does not require the Company to obtain a Permit from the Israeli Ministry of Defense or any other authorized body thereof pursuant to: Section 2(a) of the Control of Products and Services Declaration (Engagement in Encryption), 1974, the Israeli Defense Export Control Law, 5766-2007, the Import and Export Order (Control of Dual-Purpose Goods, Services and Technology Exports), 5766-2006 and the Declaration Regarding the Control of Commodities and Services (Engagement in Encryption Items) - 5734-1974 or any other similar Applicable Laws. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An108_286729><a name=_Ref311556069><font lang=X-NONE>(g)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl96_332E3131286729><font lang=X-NONE>3.11(g)</font><font lang=X-NONE>of the Disclosure Schedule sets forth a true, correct and complete list of all Intellectual Property Licenses.&nbsp; Company has Made Available to Purchaser true, correct and complete copies of all such Intellectual Property Licenses.&nbsp; Except as set forth on Section <a name=_Aci_Fl97_332E3131286729></font><font lang=X-NONE>3.11(g)</font><font lang=X-NONE>of the Disclosure Schedule, all such Intellectual Property Licenses are valid, binding and enforceable between Company and the other parties thereto, and Company and such other parties are in full compliance with the terms and conditions of such Intellectual Property Licenses.</font><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An109_286829><font lang=X-NONE>(h)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Intellectual Property Assets and Intellectual Property Licenses as currently owned, licensed or used by Company or proposed to be used by Company, and the conduct of the Business as currently and formerly conducted by Company and proposed to be conducted by Purchaser have not and do not infringe, violate or misappropriate the Intellectual Property of any Person.&nbsp; Company has not received any communication, and to Company&#146;s Knowledge no Action has been instituted, settled or threatened, that alleges any such infringement, violation or misappropriation, and none of the Intellectual Property Assets are subject to any outstanding Governmental Order.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An110_286929><a name=a114507><font lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl98_332E3131286929><font lang=X-NONE>3.11(i)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of all licenses, sublicenses and other agreements pursuant to which Company grants rights or authority to any Person with respect to any Intellectual Property Assets or Intellectual Property Licenses.&nbsp; Company has Made Available to Purchaser true, correct and complete copies of all such agreements. All such agreements are valid, binding and enforceable between Company and the other parties thereto, and Company and to Company&#146;s Knowledge such other parties are in full compliance with the terms and conditions of such agreements.&nbsp; To Company&#146;s Knowledge, no Person has infringed, violated or misappropriated, or is infringing, violating or misappropriating, any Intellectual Property Assets.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An111_286A29><font lang=X-NONE>(j)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>To Company&#146;s Knowledge, there is no pending or, threatened Action challenging the registrability of any Intellectual Property owned by Company including Actions pursuant to Chapter 6, Article 1 of the Israel Patents Law (1967), as amended.&nbsp; Company has no notice of any, or Knowledge of any basis for any, claim that the operations, activities, Software, Equipment, machinery or processes of the Business infringe, misappropriate, or violate any Intellectual Property or any such rights of any other Person. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An112_286B29><font lang=X-NONE>(k)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>To Company&#146;s Knowledge, there is no basis for any action with respect to infringement by, misappropriation of, dilution of, violation of or unauthorized use of the Intellectual Property Assets.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An113_332E3132><a name=_Toc315307797><a name=_Ref313802277><a name=_Aci_Pg23><font style=COLOR:windowtext lang=X-NONE>3.12<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Software</font></u><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An114_286129><a name=_Ref311554021><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except as set forth on Section </font></a><a name=_Aci_Fl99_332E3132286129><font lang=X-NONE>3.12(a)</font><font lang=X-NONE>of the Disclosure Schedule, the Software owned, or purported to be owned, by Company, including any Software making up the Company&#146;s website (the &#147;Company Owned Software&#148;), was either (i) developed by employees of Company within the scope of their employment thereby or (ii) developed by independent contractors who have assigned all of their right, title and interest therein to Company pursuant to written agreements.&nbsp; Except as set forth in Section <a name=_Aci_Fl100_332E3132286129></font><font lang=X-NONE>3.12(a)</font><font lang=X-NONE>of the Disclosure Schedule, none of the Company Owned Software contains any code, documentation or other materials or development environments that embody Intellectual Property of any Person other than Company. Section <a name=_Aci_Fl101_332E3132286129></font><font lang=X-NONE>3.12(a)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete copy of the most recent &#147;bug list&#148; with respect to the Company&#146;s Software.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An115_286229><a name=_Ref311556135><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl102_332E3132286229><font lang=X-NONE>3.12(b)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of and description of all Software, other than Company Owned Software, licensed to or used by Company and with respect to each such item of Software the number or type of installations thereof and nature and physical location of proofs of purchase of the related license thereof to the extent the Software is not Company Owned Software.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An116_286329><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company has no duty or obligation (whether present, contingent, or otherwise) to deliver, license, or make available the source code for any Company Owned Software, to any escrow agent or other Person.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An117_286429><a name=_Ref311556146><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl103_332E3132286429><font lang=X-NONE>3.12(d)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list and description of: (i)&nbsp;each item of Open Source Code that is contained in, distributed with, or used in the development of the Software or from which any part of any Software is derived; (ii) the applicable license terms for each such item of Open Source Code and (iii) the product and services to which each such item of Open Source Code relates.&nbsp; Except as set forth in Section <a name=_Aci_Fl104_332E3132286429></font><font lang=X-NONE>3.12(d)</font><font lang=X-NONE>of the Disclosure Schedule, to the Knowledge of the Company, no Company Owned Software contains, is derived from, is distributed with, or is being or was developed using Open Source Code that is licensed under any terms that (i) impose or could impose a requirement or condition that any Company Owned Software or part thereof: (A) be disclosed or distributed in source code form; (B) be licensed for the purpose of making modifications or derivative works or (C) be redistributable at no charge or (ii)&nbsp;otherwise impose or could impose any other limitation, restriction, or condition on the right or ability of Company to use or distribute such Company Owned Software.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An118_332E3133><a name=_Toc315307798><a name=_Ref311556238><font style=COLOR:windowtext lang=X-NONE>3.13<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Contracts</font></u></a><font lang=X-NONE>.</font><font lang=X-NONE>&nbsp;&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An119_286129><a name=_Ref314496380><a name=_Ref311554380><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl105_332E3133286129><font lang=X-NONE>3.13(a)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of all Contracts that are material to the Acquired Assets or the operation of the Business to which any of the Acquired Assets are subject (together with the Contracts relating to Intellectual Property required to be listed on Section <a name=_Aci_Fl106_332E3131286129></font><font lang=X-NONE>3.11(a)</font><font lang=X-NONE>of the Disclosure Schedule, the &#147;Material Contracts&#148;)</font><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An120_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company has Made Available to Purchaser a true, correct and complete copy of each Contract listed in Section </font></a><a name=_Aci_Fl107_332E3133286129><font lang=X-NONE>3.13(a)</font><font lang=X-NONE>of the Disclosure Schedule. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An121_286329><a name=_Ref312842160><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Subject to the fact that the Company did not make certain due payments under certain Material Contract, as set forth on Section </font></a><a name=_Aci_Fl108_332E3133286329><font lang=X-NONE>3.13(c)</font><font lang=X-NONE>of the Disclosure Schedule, each Material Contract is valid and binding on Company in accordance with its terms and to the Company&#146;s Knowledge is in full force and effect.&nbsp;&nbsp;&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An122_332E3134><a name=_Toc315307799><a name=_Ref311556262><font style=COLOR:windowtext lang=X-NONE>3.14<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Permits</font></u></a><font lang=X-NONE>.&nbsp; Section <a name=_Aci_Fl109_332E3134></font><font lang=X-NONE>3.14</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of all Permits owned or held by Company including their dates of expiration.&nbsp; </font>Except as set forth on Section <a name=_Aci_Fl110_332E3134><font lang=X-NONE>3.14</font> of the Disclosure Schedule, a<font lang=X-NONE>ll fees and charges with respect to the Permits so listed have been paid in full and such are in full force and effect</font>.&nbsp; <font lang=X-NONE>Company has not received any notice that any such Permit will be revoked or canceled and <a name=_Aci_Pg24>Company has no Knowledge of any basis under which any such Permit may be revoked or cancelled.&nbsp; Except for the Permits listed on Section <a name=_Aci_Fl111_332E3134></font><font lang=X-NONE>3.14</font><font lang=X-NONE>of the Disclosure Schedule there are no Permits that are necessary to entitle Company to own or lease, operate and use the Acquired Assets or are otherwise necessary for the lawful operation of the Business as it is currently conducted or proposed to be conducted.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An123_332E3135><a name=_Toc315307800><a name=_Ref311556297><a name=_Ref311556285><font style=COLOR:windowtext lang=X-NONE>3.15<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Insurance</font></u></a><font lang=X-NONE>.&nbsp; Section <a name=_Aci_Fl112_332E3135></font><font lang=X-NONE>3.15</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of all policies of fire, liability, workers&#146; compensation and other forms of insurance owned or held by Company and all claims made or notices given by Company thereunder since January 1, 20</font>10<font lang=X-NONE>.&nbsp; Company has Made Available to Purchaser true, correct and complete copies of all such policies.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An124_332E3136><a name=_Toc315307801><font style=COLOR:windowtext lang=X-NONE>3.16<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Employee Benefit Plans and Employment Agreements</font></u></a><font lang=X-NONE>. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An125_286129><a name=_Ref311556312><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl113_332E3136286129><font lang=X-NONE>3.16(a)</font><font lang=X-NONE>of the Disclosure Schedule, sets forth an accurate and complete list of each employee benefit,&nbsp; employment, personal services, collective bargaining agreement, extension order, compensation, sick leave program, pension, managers insurance, continuing education fund or other provident fund, retirement, savings, thrift, deferred compensation, performance, incentive compensation, stock ownership, stock purchase, stock option, unemployment compensation, vacation or holiday pay, accelerated termination or severance entitlement, severance pay, change of control, retention, personnel policy, bonus, hospitalization or other medical, disability, life, incapacity or other insurance, fringe benefit arrangement or other welfare, retiree welfare or benefit plan, policy, trust, understanding or arrangement, custom or practice that may provide for payment or other benefits of any kind, whether written or oral which covers any current Employee of Company.</font><font lang=X-NONE>It is hereby clarified that Section <a name=_Aci_Fl114_332E3136286129></font><font lang=X-NONE>3.16(a)</font><font lang=X-NONE>of the Disclosure Schedule shall not include the Employees&#146; protected personal information. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An126_286229><a name=_Ref311553860><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>A true, correct and complete copy of each of the plans, arrangements and agreements listed in Section </font></a><a name=_Aci_Fl115_332E3136286129><font lang=X-NONE>3.16(a)</font><font lang=X-NONE>of the Disclosure Schedule (collectively, the &#147;Benefit Plans&#148;), each as in effect on the date hereof, has been Made Available to Purchaser.&nbsp; There are no loans or advances by Company to any of the Employees.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An127_286329><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except for the Benefit Plans, Company is not subject to, nor do any of the Employees benefit from, any agreement, arrangement, understanding or custom, whether oral or written, between or among any of the Employees, on one hand, and Company, on the other hand.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An128_332E3137><a name=_Toc315307802><a name=_Ref312329520><font style=COLOR:windowtext lang=X-NONE>3.17<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Employment and Labor Matters</font></u></a><font lang=X-NONE>.</font><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An129_286129><a name=_Ref311556340><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl116_332E3137286129><font lang=X-NONE>3.17(a)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list of all Persons who are Employees of the Business as of the date hereof, and sets forth for each such individual the following: (i) name; (ii) employment location; (iii) title or position (including whether full or part time); (iv) hire date; (v) current annual base compensation rate; (vi) commission, bonus or other incentive-based compensation; and (vii) a description of the fringe, social&nbsp; benefits and any bonus or commitment to pay any other amount or benefit in connection with termination of employment or engagement or otherwise (including all remuneration payable, vacation pay or paid time off balances, recuperation pay balances, illness pay balances, fringe benefits, balances in provident or pension funds, managers insurance, continuing education fund, any profit sharing commission, statutory and non-statutory severance pay, prior notice, compensation and damages rights regarding employment termination, the number of shares underlying any options or rights to acquire stock of Company, the vesting schedule and exercise price of such rights or options, the number of shares of stock of Company granted as compensation and the vesting schedule and value upon grant of such shares), if applicable, of all Employees with an indication whether any such Employees are on any type of leave of absence and its duration.</font><font lang=X-NONE>&nbsp;&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An130_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Other than as set forth on Section </font></a><a name=_Aci_Fl117_332E3137286129><font lang=X-NONE>3.17(a)</font><font lang=X-NONE>of the Disclosure Schedule, there is no Person that may be deemed to be an employee of Company employed in the Business.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An131_286329><a name=_Ref312329522><a name=_Aci_Pg25><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except for such payments that have not been duly made and are listed in Section <a name=_Aci_Fl118_332E3137></font><font lang=X-NONE>3.17</font><a name=_Aci_Fl119_286329><font lang=X-NONE>(c)</font><font lang=X-NONE>of the Disclosure Schedule, as of the date hereof, all compensation, wages, salaries, benefits, commissions, bonuses, social and fringe benefits payable to or otherwise arising or due under any Law, plan, policy, practice, program, or agreement, whether oral or written to Employees have been paid in full and there are no outstanding agreements, understandings or commitments of Company with respect to any commissions, bonuses or increases in compensation. All amounts which Company is legally or contractually required to deduct from the Employees&#146; salaries or compensation or transfer to such employees&#146; pension or provident, life insurance, incapacity insurance, continuing education fund or otherwise, have been duly paid into the appropriate fund or funds, and Company has no outstanding obligation to make any such transfer or provision.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An132_286429><a name=_Ref311556391><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Other than as set forth in Section </font></a><a name=_Aci_Fl120_332E3137286429><font lang=X-NONE>3.17(d)</font><font lang=X-NONE>, Company is not a party to, has any liability with respect to or otherwise bound by, any collective bargaining, extension order issued by the Israeli Ministry Industry, Trade and Labor or other Contract with a labor organization representing any of its Employees, and there are no labor organizations representing, purporting to represent or, to Company&#146;s Knowledge, attempting to represent any Employee. There has never been, nor has there been any threat of, any strike, slowdown, work stoppage, lockout, concerted refusal to work overtime or other similar labor activity or dispute affecting Company or any of its Employees.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An133_286529><font lang=X-NONE>(e)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except for such payments that have not been duly made and are listed in Section </font></a><a name=_Aci_Fl121_332E3137><font lang=X-NONE>3.17</font><a name=_Aci_Fl122_286329><font lang=X-NONE>(c)</font><font lang=X-NONE>of the Disclosure Schedule, Company is and has been in compliance with all applicable Laws pertaining to employment and employment practices to the extent they relate to the Employees, including all Laws relating to labor relations, equal employment opportunities, fair employment practices, employment discrimination, harassment, retaliation, reasonable accommodation, disability rights or benefits, immigration, wages, hours, overtime compensation, child labor, health and safety, workers&#146; compensation, leaves of absence and unemployment insurance, terms and conditions of employment and engagement. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An134_286629><font lang=X-NONE>(f)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>To the Knowledge of Company none of its respective representatives or Employees have committed any unfair labor practices in connection with the operations of the Business.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An135_286729><a name=_Ref311556442><font lang=X-NONE>(g)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Other than as set forth in Section </font></a><a name=_Aci_Fl123_332E3137286729><font lang=X-NONE>3.17(g)</font><font lang=X-NONE>of the Disclosure Schedule, there are no Actions against Company pending, or to the Company&#146;s Knowledge, threatened to be brought or filed, by or with any Governmental Authority or arbitrator in connection with the employment of any current or former Employee of the Business, including, without limitation, any claim relating to unfair labor practices, employment discrimination, harassment, retaliation, wrongful termination, workers compensation, disability, equal pay or any other employment related matter arising under applicable Laws.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An136_286829><font lang=X-NONE>(h)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>To Company&#146;s Knowledge, no Employee, officer, independent contractor, director or Affiliate of Company has any direct or indirect interests in the business of Company&#146;s competitors.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An137_286929><a name=_Ref312574704><a name=_Ref314496484><font lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Other than as set forth in Section </font></a><font style="FONT-FAMILY:'Calibri','sans-serif'" lang=HE>?</font><a name=_Aci_Fl124_332E3137286929><font lang=X-NONE>3.17(i)</font><font lang=X-NONE>, since January 1, 2010, there has been no labor dispute pending or, to Company&#146;s Knowledge, threatened, against Company.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An138_286A29><font lang=X-NONE>(j)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>To Company&#146;s Knowledge, no Employee has violated the terms or conditions of any employment contract, proprietary invention assignment agreement, company confidentiality policy or any other similar contract or agreement to which such Employee is a party or bound.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An139_332E3138><a name=_Toc315307803><a name=_Ref312330582><font style=COLOR:windowtext lang=X-NONE>3.18<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Taxes</font></u></a><font lang=X-NONE>.</font><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An140_286129><a name=_Ref312330580><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>All Tax Returns required to be filed by Company for any pre-Closing Tax period have been, or will be, timely filed.&nbsp; Such Tax Returns are, or will be, true, complete and correct in all respects.&nbsp; Except as specified in Section </font></a><a name=_Aci_Fl125_332E3138286129><font lang=X-NONE>3.18(a)</font><font lang=X-NONE>of the Disclosure Schedule, all Taxes due and owing by Company and its shareholders (whether or not shown on any Tax Return) have been, or will be, timely paid. Except as specified in <a name=_Aci_Pg26>Section <a name=_Aci_Fl126_332E3138286129></font><font lang=X-NONE>3.18(a)</font><font lang=X-NONE>of the Disclosure Schedule, all deficiencies asserted, or assessments made, against Company or its shareholders as a result of any examinations by any taxing authority have been fully paid.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An141_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has not requested nor received an extension of time to file any Tax Return and has not waived any statute of limitations in respect of Taxes or agreed to any extension of time with respect to a Tax assessment or deficiency.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An142_286329><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>There is no Action pending or proposed or threatened with respect to Taxes and, to Company&#146;s Knowledge, no basis exists therefor, nor is there any basis for any of such action.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An143_286429><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>All Taxes which Company is required by Law to withhold or collect and amounts required to be withheld for Taxes of employees and other withholding taxes, have been duly withheld or collected and, to the extent required, have been paid over to the proper Governmental Authorities or are held in separate bank accounts for such purpose.&nbsp; Company has complied with all information reporting and backup withholding requirements.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An144_286529><a name=_Ref312330753><font lang=X-NONE>(e)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Except as specified in Section </font></a><a name=_Aci_Fl127_332E3138286529><font lang=X-NONE>3.18(e)</font><font lang=X-NONE>of the Disclosure Schedule, the Company has timely paid all Taxes that have become due and payable, and the Company has adequately provided in the Financial Statements (without regard to any footnotes) for all Taxes accrued through the date of such Financial Statements that were not yet due and payable as of the date thereof.&nbsp; All Taxes of the Company accrued following the end of the most recent period covered by the Financial Statements have been accrued in the ordinary course consistent with past practice and do not exceed comparable amounts incurred in similar periods (or partial periods, as applicable) in prior years (taking into account any changes in the Company&#146;s operating results).&nbsp; The Company has, in full compliance with Applicable Law, including any applicable double tax treaty requirements, withheld and paid all Taxes required to be withheld and paid in connection with any amounts paid, deemed paid, or owing to any Person.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An145_286629><font lang=X-NONE>(f)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>No item of income or gain reported by the Company for financial or statutory accounting purposes in any period prior to the Closing Date will be required to be included in the taxable income of the Company in any period following the Closing Date, and no item of loss or deduction of the Company required to be reported for financial or statutory accounting purposes in any period following the Closing Date was claimed as a deduction from taxable income in any period prior to the Closing Date.&nbsp; The Company has not taken any action other than in accordance with past practice that would have the effect of deferring a measure of Tax (including income, sales, gross receipts or payroll) from a period (or portion thereof) ending on or prior to the Closing Date to a period (or portion thereof) beginning after the Closing Date.&nbsp; The Company has not agreed to or will be required to include any item of income in, or exclude any item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any change in method of accounting for Tax purposes for a taxable period or portion thereof ending on or prior to the Closing Date or any provision of Applicable Law that defers income realized or accelerated deductions otherwise accrued in accordance with Applicable Law prior to the Closing Date.&nbsp; No election has been made with respect to Taxes of the Company in any Tax Return that has not been Made Available to Purchaser.&nbsp; </font></a><a name=_DV_C856><font lang=X-NONE>No Taxing Authority has operated or agreed to operate any special arrangement (being an arrangement which is not directly based on relevant legislation, even if based on any published practice, including rulings and agreements with such Taxing Authority) or has agreed on any compromise in relation to the affairs of the Company.</font></a><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An146_286729><font lang=X-NONE>(g)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company is not a party to or bound by any obligation under any Tax sharing, Tax allocation, Tax indemnity or similar agreement or arrangement.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An147_286829><font lang=X-NONE>(h)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has computed, reported, and utilized any losses to be carried forward, if applicable, in an accurate and timely manner.&nbsp; There is currently no limitation on the utilization of net operating losses, capital losses, built-in losses, Tax credits or similar items of the Company.</font></a><a name=_DV_C861><font lang=X-NONE>&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An148_286929><a name=_Aci_Pg27><font lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Exhibit L to the Agreement sets forth a correct and complete list of all Tax Returns of the Company required to be filed following the Closing Date with respect to any period or portion thereof prior to the Closing Date. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An149_286A29><font lang=X-NONE>(j)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has at all times been resident for Tax purposes in its place of organization and is not and has not at any time been treated as resident in any other jurisdiction for any Tax purpose (including any double taxation arrangement).&nbsp; The Company is not or has not been subject to Tax in any jurisdiction other than its place of organization by virtue of having a permanent establishment, a permanent representative or other place of business or taxable presence in the jurisdiction.&nbsp; No claim has been made by a Taxing Authority where the Company does not file a particular type of Tax Return that the Company is required to file such Tax Return or may be subject to Tax with respect to such Tax Return, nor is there any basis for any such claim.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An150_286B29><font lang=X-NONE>(k)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>For all applicable Tax purposes and during all relevant <u>times</u>, the Company has properly treated as an employee each person required to be treated as an employee of the Company.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An151_286C29><font lang=X-NONE>(l)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company is not a party to any joint venture, partnership or other Contract that would reasonably be expected to be treated as a partnership for any Tax purposes.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An152_286D29><a name=_DV_C36><font lang=X-NONE>(m)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>No transaction in respect of which any consent or clearance was required or sought from any Taxing Authority has been entered into or carried out by the Company, without such consent or clearance having first been properly obtained and all information supplied to any Taxing Authority or other appropriate authority in connection with any such consent or clearance having fully and accurately disclosed all facts and circumstances relevant to the giving of such consent or clearance.&nbsp; Any transaction for which such consent or clearance was obtained has been carried out only in accordance with the terms of such consent or clearance and the application on which such consent or clearance was based and at a time when such consent or clearance was valid and effective.&nbsp; No facts or circumstances have arisen since any such consent or clearance was obtained which would cause the consent or clearance to become invalid or ineffective.</font></a><a name=_DV_C37></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An153_286E29><font lang=X-NONE>(n)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has not been involved in a business merger, share-for-share merger, legal merger, assets-for-shares transfer, or legal demerger (split).</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An154_286F29><font lang=X-NONE>(o)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has complied with all Laws concerning VAT, including with respect to the timely filing of complete and correct VAT Tax Returns and the timely making of payments and the maintenance of records, and the Company cannot be subjected to a revision of its VAT position, leading to a recapture of VAT deducted on or before the Closing Date.&nbsp; The Company has not made any exempt supplies in the current or preceding VAT year applicable to them and there are no circumstances by reason of which there might not be a full entitlement to credit for all VAT chargeable on supplies and acquisitions received and imports made (or agreed or deemed to be received or made) by them.&nbsp; In case any VAT payable has been offset against a VAT receivable (<i>i.e.</i>, recoverable VAT), the amount of the VAT receivable has been computed and reported in an accurate manner.&nbsp; The Company is only registered for VAT purposes in the jurisdiction in which it is incorporated.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An155_287029><a name=_Ref311555618><font lang=X-NONE>(p)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has Made Available to Purchaser all documentation relating to, and the Company is in compliance with all terms and conditions of, any Tax exemption, Tax incentive, Tax holiday or other Tax reduction agreement or order, including the &#147;Approved Enterprise,&#148; &#147;Benefited Enterprise,&#148; or &#147;Preferred Enterprise&#148; status of the Company for purposes of Israeli Tax law, as defined in the Law</font></a><font lang=X-NONE>for the</font><font lang=X-NONE>Encouragement</font><font lang=X-NONE>of</font><font lang=X-NONE>Capital</font><font lang=X-NONE>Investments</font><font dir=rtl style="FONT-FAMILY:'Calibri','sans-serif'" lang=HE>5719-1959</font><font lang=X-NONE>(a &#147;Tax Incentive&#148;).&nbsp; The Company states that: (a) no claim or challenge has been made by any Taxing Authority or Governmental Authority with respect to the Company&#146;s entitlement to any Tax Incentive; and (b) subject to receipt of any approvals required herein, consummation of the transactions contemplated by this Agreement will not adversely affect the continued qualification for the Tax Incentives or the terms or duration thereof or require any recapture of any previously claimed Tax <a name=_Aci_Pg28>Incentive.&nbsp;&nbsp; The Company further represents and warrants that as of the Closing Date, the benefits period under any applicable Tax Incentive has not commenced.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An156_287129><font lang=X-NONE>(q)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company and the Company&#146;s shareholders (solely with respect to their holdings in the Company) are not subject to any restrictions or limitations pursuant to Part E2 of the Israeli Tax Ordinance, or pursuant to any Tax ruling made in connection with the provisions of said Part E2.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An157_287229><font lang=X-NONE>(r)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has not undertaken any transaction which will require special reporting or disclosure statements in any Tax Return or otherwise, related to any tax shelter, tax avoidance transaction or aggressive tax planning as identified by notice, regulation or other form of published guidance under any Applicable Law, including but not limited to Section 131(g) of the Israeli Tax Ordinance and the Israeli Income Tax Regulations (Tax Planning Requiring Reporting), 2006.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An158_287329><font lang=X-NONE>(s)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>There are no Tax liens (other than liens for Taxes not yet due and payable) upon the Acquired Assets.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An159_287429><font lang=X-NONE>(t)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company has not granted or been requested to grant any waiver of any statutes of limitations applicable to any claims for Taxes.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An160_287529><font lang=X-NONE>(u)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The Company has Made Available to Purchaser complete and correct copies of any Tax ruling obtained from the ITA and applications therefor which may be applicable to the transactions contemplated hereunder or the Acquired Assets. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An161_332E3139><a name=_Toc315307804><a name=_Ref312698138><font style=COLOR:windowtext lang=X-NONE>3.19<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Compliance with Laws</font></u></a><font lang=X-NONE>.&nbsp; Except for such payments that have not been duly made and are listed in Section <a name=_Aci_Fl128_332E3139></font><font lang=X-NONE>3.19</font><font lang=X-NONE>of the Disclosure Schedule, Company has complied and is in compliance with all Laws applicable to or binding on it, the operation of the Business or the ownership and use of the Acquired Assets (including any labor, environmental, occupational health, zoning or other law, regulation or ordinance).&nbsp; Company has not received written notice from any Governmental Authority claiming any violation by Company of any Law.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An162_332E3230><a name=_Toc315307805><a name=_Ref314496200><font style=COLOR:windowtext lang=X-NONE>3.20<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Litigation</font></u></a><u>; Governmental Orders</u><font lang=X-NONE>.&nbsp; </font>Except as set forth in Section 3.20 of the Disclosure Schedule, t<font lang=X-NONE>here are no Actions pending or, to Company&#146;s Knowledge, threatened, against or by Company or any of its officers, directors, </font>E<font lang=X-NONE>mployees, consultant, contractors or </font>shareholders<font lang=X-NONE>in their capacity as such</font> (a) relating to or affecting the Business, the Acquired Assets or the Assumed Liabilities or (b) that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement<font lang=X-NONE>.&nbsp; No event has occurred or circumstances exist that may give rise to, or serve as a basis for, any such Action.&nbsp; </font>There are no outstanding Governmental Orders and no unsatisfied judgments, penalties or awards against, relating to or affecting the Business.&nbsp; For clarity, the Company warrants that with respect to the matters set forth in Section 3.20 of the Disclosure Schedule, no claim referenced therein asserts a right of lien or other Encumbrance against any of the Acquired Assets.</p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An163_332E3231><a name=_Toc315307806><font style=COLOR:windowtext lang=X-NONE>3.21<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Customers and </font></u></a><u>Suppliers</u><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An164_286129><a name=_Ref311555658><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl129_332E3231286129><font lang=X-NONE>3.21(a)</font><font lang=X-NONE>of the Disclosure Schedule sets forth with respect to the Business (i) each customer who has paid aggregate consideration to Company for goods or services rendered in an amount greater than or equal to $10,000 for each of the two most recent fiscal years (collectively, the &#147;Material Customers&#148;); and (ii) the amount of consideration paid by each Material Customer during such periods.&nbsp; To the Company&#146;s Knowledge, the Company has not received any notice, and has no reason to believe, that any of the Material Customers has ceased, or intends to cease after the Closing, to use the goods or services of the Business or to otherwise terminate or materially reduce its relationship with the Business.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An165_286229><a name=_Ref311555684><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl130_332E3231286229><font lang=X-NONE>3.21(b)</font><font lang=X-NONE>of the Disclosure Schedule sets forth with respect to the Business each the suppliers that the Company reasonably deems to be a material supplier with whom the continued engagement is necessary for the continuation of the business by the Purchaser (a &#147;Material Supplier&#148;).&nbsp; To the <a name=_Aci_Pg29>Company&#146;s Knowledge, Company has not received any notice, and has no reason to believe, that any of the Material Suppliers has ceased, or intends to cease, to supply goods or services to the Business or to otherwise terminate or materially reduce its relationship with the Business.</font><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An166_332E3232><a name=_Toc315307807><font style=COLOR:windowtext lang=X-NONE>3.22<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Domain Names</font></u></a><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An167_286129><a name=_Ref311556494><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Section </font></a><a name=_Aci_Fl131_332E3232286129><font lang=X-NONE>3.22(a)</font><font lang=X-NONE>of the Disclosure Schedule is a true, correct and complete list (by name, owner, Gtld or ccTLD, registrar and expiration date) of all domain names that are owned by Company (whether exclusively, jointly with another Person or otherwise) and are necessary for the operation of the Business as it is currently conducted or proposed to be conducted (&#147;Domain Names&#148;), together with user name, password and &#147;whois&#148; information for such domain name necessary to effect a revision of and to each registration record.&nbsp; Company owns the entire right, title and interest to all Domain Names, free and clear of all Encumbrances.&nbsp; Each Domain Name is validly and properly registered to Company and reflects &#147;whois&#148; information that is accurate, correct and up-to-date and was validly and legally obtained, including in compliance with the procedures or policies of, and were registered without fraud on or misrepresentation to, ICANN or any other applicable domain name registry or registrar and without infringement or misappropriation of the Intellectual Property Rights of any Person.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An168_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>There have been no challenges to the ownership or use by Company of any Domain Name used, owned or purported to be owned by it and to the Knowledge of Company there are no facts which would constitute a basis for such a challenge.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An169_332E3233><a name=_Toc315307808><font style=COLOR:windowtext lang=X-NONE>3.23<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Product Quality</font></u></a><font lang=X-NONE>.</font>&nbsp; </p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An170_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company&#146;s products perform on a consistent basis, in all respects, the functions described in the agreed specifications and end-user documentation and customer agreements, subject only to routine bugs and errors that can be corrected by Company in the course of providing customer support without further liability to Company. Company&#146;s products do not contain or make available any disabling codes or instructions, spyware, Trojan horses, worms, viruses, back doors, drop dead devices, time bombs (as such terms are commonly understood in the Software industry) or other Software routines that permit or cause unauthorized access to, or disruption, impairment, disablement, or destruction of, Software, data, systems or other materials. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An171_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>All development services, support services, training services, upgrade services and other services that have been performed by Company were performed properly and in all material respects in conformity with the applicable Laws and Contracts.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An172_332E3234><a name=_Toc315307809><a name=_Ref312842636><font style=COLOR:windowtext lang=X-NONE>3.24<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Certain Business Practices</font></u></a><font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An173_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Neither Company nor any director, officer, agent, employee, contractor or consultant of Company, or any other Person associated with or acting for or on behalf of Company, has directly or indirectly, including by corporate or other funds: (i) made any contribution, gift, bribe, rebate, payoff, influence payment, kickback, or other payment to any Person, private or public, including to U.S. or non-U.S. government officials or employees or to U.S. or non-U.S. political parties or campaigns regardless of form, whether in money, property, or services,: (A) to obtain favorable treatment or an improper advantage in securing business; (B) to pay for favorable treatment for business secured or (C) to obtain special concessions or for special concessions already obtained, for or in respect of Company or any Affiliate of Company, all of which, including, but not only, by violating any provision of the Foreign Corrupt Practices Act of 1977, as amended, the United Kingdom Bribery Act 2010, Title 5 of the Israeli Penalty Law (Bribery Transactions), the Israeli Prohibition on Money Laundering Law, 2000, or any other comparable Applicable Law or (ii) established or maintained any fund or asset that has not been recorded in the books and records of Company. The Company has not entered into any transaction with any of its Affiliates that has provided to the Company revenues, earnings or assets that would not have been available to it in an arm&#146;s length transaction with an unaffiliated Person. <b>&nbsp;&nbsp;</b>The books, </font></a><a name=_Aci_Pg30><font lang=X-NONE>records and accounts of the Company have at all times accurately and fairly reflected, in reasonable detail, the transactions and dispositions of its funds and assets.&nbsp; Except as disclosed on Section <a name=_Aci_Fl132_332E3234></font><font lang=X-NONE>3.24</font><font lang=X-NONE>of the Disclosure Schedule, there have never been any false or fictitious entries made in the books, records or accounts of the Company relating to any illegal payment or secret or unrecorded fund, and the Company has not established or maintained a secret or unrecorded fund. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An174_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company has (i) not exported or transmitted Software or other material or items, including technological data, in connection with the Business to any country, or Made Available to non-United States citizens, with respect to which such export, transmission or availability is restricted by any Law, without first having obtained all legally required&nbsp; authorizations and (ii) except for noncompliance which does not have Material Adverse Effect on the Business or the Acquired Assets, maintained all records to the extent required by any Law.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An175_332E3235><a name=_Toc315307810><a name=_Ref312613003><font style=COLOR:windowtext lang=X-NONE>3.25<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Brokers</font></u></a><font lang=X-NONE>.&nbsp; Except as set forth in Section <a name=_Aci_Fl133_332E3235></font><font lang=X-NONE>3.25</font><font lang=X-NONE>of the Disclosure Schedule, no agent, broker, finder, investment banker, financial advisor or other Person retained or engaged by Company or any of </font>its <font lang=X-NONE>Affiliates or any Person acting on </font>its <font lang=X-NONE>behalf is or will be entitled to any brokers&#146; or finders&#146; fee or any other commission or similar fee in respect of any of the transactions contemplated by this Agreement.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An176_332E3236><a name=_Toc315307811><font style=COLOR:windowtext lang=X-NONE>3.26<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Environmental Matters</font></u></a><font lang=X-NONE>.&nbsp; Company is in compliance with all applicable Environmental, Health, and Safety Requirements.&nbsp; Company has not received any written notice (or, to the Knowledge of Company, other communication), whether from a Governmental Authority, citizens group, Employee or otherwise, that alleges that Company is not in compliance with any Environmental, Health, and Safety Requirements and there are no circumstances that may prevent or interfere with Company&#146;s compliance with any Environmental, Health, and Safety Requirements in the future. To the Knowledge of Company, no current or prior owner of any property leased or controlled by Company has received any written notice (or, to the Knowledge of Company, other communication), whether from a Governmental Authority, citizens group, Employee or otherwise, that alleges that such current or prior owner or Company is not in compliance with any Environmental, Health, and Safety Requirements. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An177_332E3237><a name=_Toc315307812><a name=_Ref311556551><font style=COLOR:windowtext lang=X-NONE>3.27<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Government Grant Programs</font></u></a><font lang=X-NONE>.&nbsp; Except as set forth on Section <a name=_Aci_Fl134_332E3237></font><font lang=X-NONE>3.27</font><font lang=X-NONE>of the Disclosure Schedule, Company has no Liability due to any pending or outstanding grants, tax benefits, incentives and/or subsidies from the Government of the State of Israel or any agency thereof related</font>, including, without limitation, from the OCS<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An178_332E3238><a name=_Toc315307813><a name=_Ref311556561><font style=COLOR:windowtext lang=X-NONE>3.28<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>No US Operations</font></u></a><font lang=X-NONE>.&nbsp; Except as set forth on Section <a name=_Aci_Fl135_332E3238></font><font lang=X-NONE>3.28</font><font lang=X-NONE>of the Disclosure Schedule, Company does not conduct and has not conducted operations in, has no employees or contractors in, and does not receive and has not received any income from any source located within the Unites States of America.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An179_332E3239><a name=_Toc315307814><font style=COLOR:windowtext lang=X-NONE>3.29<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Disclosure</font></u></a><font lang=X-NONE>.</font>&nbsp; <font lang=X-NONE>No representation or warranty of Company in this Agreement, no statement in the Disclosure Schedule and no document delivered pursuant hereto by Company contains any untrue statement or omits to state a material fact necessary to make the statements herein or therein, in light of the circumstances in which they were made, not misleading.</font><font lang=X-NONE>Except for those matters disclosed in this Agreement and the Disclosure Schedule, there are no facts not disclosed in this Agreement or the Disclosure Schedule which, if learned by Purchaser, might reasonably be expected to materially diminish Purchaser&#146;s evaluation of the value of the Acquired Assets or which, if learned by Purchaser or Company, might reasonably be expected to deter Purchaser from completing the transactions contemplated by this Agreement on the terms and conditions contemplated hereby.</font></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>The Company&#146;s Representations are the only representations and warranties made by the Company with respect to the Business, the Company, the Acquired Assets and the Assumed Liabilities.&nbsp; Except as specifically set forth in this Agreement or any other Transaction Agreement, <a name=_DV_C290>(a) the Company&#146;s is selling the Acquired Assets &#147;as is&#148; and &#147;where is&#148; and with all faults</a><a name=_DV_M264> and makes no warranty, express or implied, as to <a name=_DV_C292>any matter whatsoever relating to the Business, the Acquired Assets or the Assumed Liabilities</a><a name=_DV_C295><a name=_DV_M265><a name=_DV_M266>, and (b) </font><font lang=X-NONE>none of the Company, or any of its officers, directors, employees or Representatives will have or will be subject to any liability or indemnification obligation to <a name=_Aci_Pg31>the Purchaser or any other person resulting from the distribution to the Purchaser, its Affiliates or representatives of, or the Purchaser&#146;s use of, any information relating to the Business including, without limitation, any descriptive memoranda, summary business descriptions or any information, documents or material Made Available to the Purchaser or its Representatives, whether orally or in writing, in certain &#147;data rooms,&#148; management presentations, functional &#147;break-out&#148; discussions, responses to questions submitted on behalf of the purchaser or in any other form in expectation of the contemplated transactions.</font></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_An180_41525449434C45204956><a name=_Toc315307815><font style=COLOR:windowtext lang=X-NONE>ARTICLE IV</font><font lang=X-NONE><br><br>Representations and Warranties of PURCHASER </font></a></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt">Each <font lang=X-NONE>Purchaser represents and warrants to Company that the statements contained in this Article IV are true and correct as of the date hereof.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An181_342E31><a name=_Toc315307816><font style=COLOR:windowtext lang=X-NONE>4.1<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Organization of Purchaser</font></u></a><font lang=X-NONE>.&nbsp; Pakshi Purchaser is a corporation duly incorporated and validly existing under the laws of the State of Israel.&nbsp; HK Purchaser is a </font>private limited company <font lang=X-NONE>duly and validly existing under the laws of </font>Hong Kong<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An182_342E32><a name=_Toc315307817><font style=COLOR:windowtext lang=X-NONE>4.2<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Authority of Purchaser</font></u></a><font lang=X-NONE>.&nbsp; Purchaser has full corporate power and authority to enter into this Agreement and the other Transaction Documents to which Purchaser is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by Purchaser of this Agreement and any other Transaction Document to which Purchaser is a party, the performance by Purchaser of its obligations hereunder and thereunder and the consummation by Purchaser of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate action on the part of Purchaser. </font><font lang=X-NONE>&nbsp;</font><font lang=X-NONE>This Agreement and the Transaction Documents has been duly executed and delivered by Purchaser, and (assuming due authorization, execution and delivery by Company) this Agreement constitutes a legal, valid and binding obligation of Purchaser enforceable against Purchaser in accordance with its terms. When each other Transaction Document to which Purchaser is or will be a party has been duly executed and delivered by Purchaser (assuming due authorization, execution and delivery by each other party thereto), such Transaction Document will constitute a legal and binding obligation of Purchaser enforceable against it in accordance with its terms. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An183_342E33><a name=_Toc315307818><font style=COLOR:windowtext lang=X-NONE>4.3<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u>No Conflicts; Consents</u></a><font lang=X-NONE>.&nbsp; The execution, delivery and performance by Purchaser of this Agreement and the other Transaction Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) conflict with or result in a violation or breach of, or default under, any provision of the Articles of Association of Purchaser, as amended to date, or any other organizational documents of Purchaser; (b) conflict with or result in a violation or breach of any provision of any Law or Governmental Order applicable to Purchaser; or (c) require the consent, notice or other action by any Person under any Contract to which Purchaser is a party. </font><font lang=X-NONE>&nbsp;</font><font lang=X-NONE>No consent, approval, Permit, Governmental Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Purchaser in connection with the execution and delivery of this Agreement and the other Transaction Documents and the consummation of the transactions contemplated hereby and thereby, except for such consents, approvals, Permits, Governmental Orders, declarations, filings or notices which, in the aggregate, would not have a Material Adverse Effect.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An184_342E34><a name=_Toc315307819><font style=COLOR:windowtext lang=X-NONE>4.4<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u>Brokers</u></a>.&nbsp; <font lang=X-NONE>No agent, broker, finder, investment banker, financial advisor or other Person retained or engaged by </font>Purchaser <font lang=X-NONE>or any of </font>its <font lang=X-NONE>Affiliates or any Person acting on </font>its <font lang=X-NONE>behalf is or will be entitled to any brokers&#146; or finders&#146; fee or any other commission or similar fee in respect of any of the transactions contemplated by this Agreement.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An185_342E35><a name=_Toc315307820><font style=COLOR:windowtext lang=X-NONE>4.5<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Litigation</font></u></a><font lang=X-NONE>.&nbsp; There is no legal proceeding pending or, to the Purchaser&#146;s Knowledge, threatened against the Purchaser which questions or challenges the validity of this Agreement or the ability of the Purchaser to consummate any of the contemplated transaction.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An186_342E36><a name=_Toc315307821><a name=_Aci_Pg32><font style=COLOR:windowtext lang=X-NONE>4.6<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u>Investigation</u>.&nbsp; <font lang=X-NONE>The Purchaser has conducted its own independent investigation, review and analysis of the business, operations, assets, liabilities, results of operations, financial condition and prospects of the Business, which investigation, review and analysis was done by the Purchaser and its Representatives.</font>&nbsp; The Purchaser is aware of the Company&#146;s financial condition and is aware of certain defaults in payments, to the extent as set forth in the Disclosure Schedules. <font lang=X-NONE>&nbsp;The Purchaser acknowledges that it and its representatives have been provided adequate access to the personnel, properties, premises and records of the Business for such purpose.&nbsp; In entering into this Agreement, the Purchaser acknowledges that it has relied solely upon the aforementioned investigation, review and analysis and not on any factual representations or opinions of the Company or its Representatives (except the Company Representations).&nbsp; The Purchaser hereby acknowledges and agrees that (a) other than the Company Representations, the Company or any of its officers, directors, employees or Representatives did not make or have not made any representation or warranty, express or implied, at law or in equity, with respect to the Business, the Acquired Assets or the Assumed Liabilities including as to (i)&nbsp;merchantability or fitness for any particular use or purpose, (ii)&nbsp;the operation of the Business by the Purchaser after the Closing in any manner or (iii)&nbsp;the probable success or profitability of the Business after the Closing, and (b)&nbsp;the Company or any of its officers, directors, employees or Representatives will not have or will not be subject to any Liability or indemnification obligation to the Purchaser or any other person resulting from the distribution to the Purchaser</font> (except as expressly set forth herein)<font lang=X-NONE>, its Affiliates or representatives of, or the Purchaser&#146;s use of, any information relating to the Business, including, without limitation, any descriptive memoranda, summary business descriptions or any information, documents or material made available to the Purchaser or its representatives, whether orally or in writing, in certain &#147;data rooms,&#148; management presentations, functional &#147;break-out&#148; discussions, responses to questions submitted on behalf of the Purchaser or in any other form in expectation of the Contemplated Transactions.</font></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_An187_41525449434C452056><a name=_Toc315307822><font style=COLOR:windowtext lang=X-NONE>ARTICLE V</font></a><font lang=X-NONE><br><br>COVENANTS</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An188_352E31><a name=_Toc315307823><font style=COLOR:windowtext lang=X-NONE>5.1<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Preservation of Books and Records; Access</font></u></a><font lang=X-NONE>.&nbsp; After the Closing Date, Purchaser shall retain for a period consistent with Purchaser&#146;s record-retention policies and practices those Records of Company delivered to Purchaser.&nbsp; Purchaser also shall provide Company reasonable access thereto, during normal business hours and on at least five days&#146; prior written notice, to enable </font>representatives of the Company <font lang=X-NONE>to prepare financial statements or tax returns or deal with tax audits.&nbsp; After the Closing Date, Company shall provide Purchaser reasonable access to </font>r<font lang=X-NONE>ecords that are Excluded Assets, during normal business hours and on at least five days&#146; prior written notice, for any reasonable business purpose spec</font>if<font lang=X-NONE>ied by Purchaser in such notice.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An189_352E32><a name=_Toc315307824><font style=COLOR:windowtext lang=X-NONE>5.2<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Employees; Employee Benefit Plans</font></u></a><font lang=X-NONE>.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An190_286129><a name=_Ref311554849><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Commencing on the Closing Date and pursuant to the Closing only, Company shall terminate all Employees of the Business who are actively at work on the Closing Date, and, at Purchaser&#146;s sole discretion, Purchaser may offer employment, on an &#147;at will&#148; basis, to any or all of such Employees, effective upon the Closing, which offer shall provide for salary or wage and benefit levels that are no less favorable to the current Employees in the aggregate than the terms and conditions of employment of such employees in the aggregate as of the date hereof, without consideration of stock options, phantom stock, restricted stock, warrants or any other terms or conditions that relate to Company&#146;s stock and be conditioned upon, among other things, the execution by such Employee of a Confidential Information and Inventions Agreement.&nbsp; Each Employee who accepts Purchaser&#146;s offer of employment is referred to herein as a &#147;Purchaser Employee&#148;.</font></a><font lang=X-NONE>Notwithstanding the foregoing, nothing in this Agreement shall be construed as granting any of the Employees any rights under this Agreement, including the right to employment by any person.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An191_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Each Purchaser Employee shall have also executed, immediately following the Closing Date the Employee Waiver. </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An192_286329><a name=_Aci_Pg33><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company hereby agrees to use its best efforts to assist Purchaser in making offers to and hiring the Employees. In addition, Company will encourage each of the Employees to consent to the transfer of his/her employment relationship to, and accept an offer of employment from, Purchaser on the terms provided.&nbsp; Company has Made Available to Purchaser the employment and personnel records of the Employees (subject to compliance with all confidentiality and data protection obligations of Company), the opportunity to interview Employees and to discuss with them or their representatives terms and conditions of employment with Purchaser as of the Closing Date and to distribute to such Employees forms and documents relating to employment with Purchaser. Company shall not take, any action that would impede, hinder, interfere or otherwise compete with Purchaser&#146;s effort to hire any Employees</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An193_286429><a name=_Ref199231163><a name=_Ref311554957><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>No employment-related liabilities arising up to the Closing or at Closing as a result of this Agreement with respect to any Employee shall be assigned to or assumed by Purchaser. Company undertakes to pay each Employee, in a timely manner, any and all salary and other employment benefits due to him/her up to Closing as detailed in the Employee Waiver signed by each such Employee, including release of each Employee&#146;s managers insurance, pension fund and/or further education fund, as applicable. Employment-related liabilities arising prior to Closing for the purposes of this Section </font></a><a name=_Aci_Fl136_352E32286429><font lang=X-NONE>5.2(d)</font><font lang=X-NONE>include (1) all liabilities arising of or with respect to employment or performance of services or the termination of Employees by Company, (2) any payments due to any Employees or their respective beneficiaries at any time pursuant to any retention bonus arrangement or severance program or similar arrangement to which Company is a party that is in effect on or prior to the Closing, (3) any and all obligations and liabilities under the Benefit Plans, including any accrued vacation, contributions required to be made to managers insurance funds, pension funds and further education funds, as applicable and the amount required to be&nbsp; paid to the Employees or their beneficiaries under the Employee Waivers (4) any and all expense liabilities incurred by Employees or their respective beneficiaries up to Closing under the Benefit Plans, and (5) any and all workers&#146; compensation and other similar statutory claims asserted by or with respect to any Employees or their respective beneficiaries in respect of any injury or other compensable event or occupational illness or disease that occurred or is attributable to any event, state of facts or conditions that existed or occurred in whole on or prior to the Closing (collectively, the &#147;Company Employment-Related Liabilities&#148;). All Company Employment-Related Liabilities are Excluded Liabilities.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An194_286529><a name=_Ref199786829><font lang=X-NONE>(e)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>All employment-related liabilities arising after Closing with respect to any Purchaser Employees (the &#147;Purchaser Employment-Related Liabilities&#148;) shall be the responsibility of Purchaser.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An195_352E33><a name=_Toc315307825><font style=COLOR:windowtext lang=X-NONE>5.3<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Confidentiality</font></u></a><font lang=X-NONE>. From and after the Closing, Company shall, and shall cause its Affiliates to, hold, and shall use its reasonable best efforts to cause its or their respective Representatives to hold, in confidence any and all information, whether written or oral, concerning the Business, except to the extent that Company can show that such information (a) is generally available to and known by the public through no fault of Company, any of its Affiliates or their respective Representatives; or (b) is lawfully acquired by Company, any of its Affiliates or their respective Representatives from and after the Closing from sources which are not prohibited from disclosing such information by a legal, contractual or fiduciary obligation. If Company or any of its Affiliates or their respective Representatives are compelled to disclose any information by judicial or administrative process or by other requirements of Law, Company shall promptly notify Purchaser in writing and shall disclose only that portion of such information which Company is advised by its counsel in writing is legally required to be disclosed, provided that Company shall use reasonable best efforts to obtain an appropriate protective order or other reasonable assurance that confidential treatment will be accorded such information.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An196_352E34><a name=_Toc315307826><a name=_Ref311556658><font style=COLOR:windowtext lang=X-NONE>5.4<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Covenant Not to Compete or Solicit Business</font></u></a><font lang=X-NONE>.</font>&nbsp; </p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An197_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>In furtherance of the sale of the Acquired Assets and the Business to Purchaser hereunder by virtue of the transactions contemplated hereby and more effectively to protect the value and goodwill of the Acquired Assets and the Business so sold, Company agrees that, neither Company nor its parent, its subsidiaries and/or any entity under common control with the Company will </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An198_286929><a name=_Aci_Pg34><font style=COLOR:windowtext lang=X-NONE>(i)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>for a period ending on the fourth anniversary of the Closing Date, directly or indirectly (whether as principal, agent, consultant, independent contractor, partner or otherwise) own, manage, operate, control, participate in, perform services for, or otherwise carry on, a business competitive with the Business anywhere in the world, it being understood and acknowledged by the Parties that the Business is global in nature and as such the restriction applying to the entire world is reasonable; or&nbsp;&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An199_28696929><font style=COLOR:windowtext lang=X-NONE>(ii)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>employ, retain or hire any employee, contractor, consultant, agent or customer of the Business or induce or attempt to persuade, on behalf of any other business organization in competition with the Business, any employee, contractor, consultant, agent or customer of Purchaser to terminate such employment, consulting, agency or business relationship in order to enter into any such relationship with any such business organization; provided, however, that nothing set forth in this Section 5.4 shall prohibit Company or any Affiliate from owning as a passive investment not in excess of 5% in the aggregate of any class of capital stock of any corporation if such stock is publicly traded.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An200_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>If Company or any Affiliate violates any of its obligations under this Section </font></a><a name=_Aci_Fl137_352E34><font lang=X-NONE>5.4</font><font lang=X-NONE>, Purchaser may proceed against it in law or in equity for such damages or other relief as a court may deem appropriate.&nbsp; Company acknowledges that a violation of this Section <a name=_Aci_Fl138_352E34></font><font lang=X-NONE>5.4</font><font lang=X-NONE>may cause Purchaser irreparable harm which may not be adequately compensated for by money damages.&nbsp; Company therefore agree that in the event of any actual or threatened violation of this Section <a name=_Aci_Fl139_352E34></font><font lang=X-NONE>5.4</font><font lang=X-NONE>, Purchaser shall be entitled, in addition to other remedies that it may have, to a temporary restraining order and to preliminary and final injunctive relief against Company or its Affiliates to prevent any violations of this Section <a name=_Aci_Fl140_352E34></font><font lang=X-NONE>5.4</font><font lang=X-NONE>.&nbsp; The prevailing party in any action commenced under this Section <a name=_Aci_Fl141_352E34></font><font lang=X-NONE>5.4</font><font lang=X-NONE>shall also be entitled to receive reasonable attorneys&#146; fees and court costs.&nbsp; It is the intent and understanding of each party hereto that if, in any action before any court or agency legally empowered to enforce this Section<a name=_Aci_Fl142_352E34></font><font lang=X-NONE>5.4</font><font lang=X-NONE>, any term, restriction, covenant or promise in this Section <a name=_Aci_Fl143_352E34></font><font lang=X-NONE>5.4</font><font lang=X-NONE>is found to be unreasonable and for that reason unenforceable, then such term, restriction, covenant or promise shall be deemed modified to the extent necessary to make it enforceable by such court or agency.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An201_352E35><a name=_Toc315307827><a name=_Ref311555828><font style=COLOR:windowtext lang=X-NONE>5.5<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Change in Company Name</font></u></a><font lang=X-NONE>.&nbsp; Company agrees </font>immediately<font lang=X-NONE>after the Closing Date to change its name to a name that does not include </font>any <font lang=X-NONE>trade name </font>or trademark <font lang=X-NONE>used or proposed to be used by Company or any variation thereof.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An202_352E36><a name=_Toc315307828><font style=COLOR:windowtext lang=X-NONE>5.6<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Assignment or Enforcement of Certain Agreements</font></u></a><font lang=X-NONE>.&nbsp; In furtherance of the sale of the Acquired Assets and the Business to Purchaser hereunder by virtue of the transactions contemplated hereby and more effectively to protect the value and goodwill of the Acquired Assets and the Business so sold, Company covenants and agrees that, with respect to each employee, contractor or consultant of Company who is not a </font>Purchaser Employee<font lang=X-NONE>, Company shall either (a) assign to Purchaser all rights of Company pursuant to all agreements, covenants or other obligations of such employee relating to noncompetition and nonsolicitation of employees or customers or (b) if such agreements, covenants or obligations cannot be assigned to Purchaser, then, upon Purchaser&#146;s reasonable request and at Purchaser&#146;s sole expense, enforce such agreements, covenants and obligations to the maximum extent permitted by applicable law.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An203_352E37><a name=_Toc315307829><font style=COLOR:windowtext lang=X-NONE>5.7<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Taxes</font></u></a><font lang=X-NONE>. </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An204_286129><a name=_Ref314602187><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company shall be liable for and pay, and shall defend, indemnify and hold harmless Purchaser from and against, all Taxes (whether assessed or unassessed) applicable to the Business, the Acquired Assets and the Assumed Liabilities, in each case attributable to taxable years or periods ending on or prior to the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period ending on and including the Closing Date.&nbsp; Purchaser shall be liable for and shall pay all Taxes (whether assessed or unassessed) applicable to the Business, the Acquired Assets and the Assumed Liabilities that are attributable to taxable years or periods beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date; provided, that Purchaser shall not be liable for any Taxes for which Company is liable under this Agreement.&nbsp; For purposes of this Section, any Straddle Period shall be treated on a &#147;closing of the books&#148; basis as two partial periods, one ending at the close of the Closing Date </font></a><a name=_Aci_Pg35><font lang=X-NONE>and the other beginning on the day after the Closing Date, except that Taxes (such as property Taxes) imposed on a periodic basis shall be allocated on a daily basis.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An205_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Notwithstanding Section </font></a><a name=_Aci_Fl144_352E37286129><font lang=X-NONE>5.7(a)</font><font lang=X-NONE>, any Tax on income or capital gains attributable to the sale or transfer of the Business, the Acquired Assets or the Assumed Liabilities shall be paid by Company.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An206_286329><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company and Purchaser shall cooperate in preparing any Tax Returns which such other party is responsible for preparing and filing and in preparing for any audits of, or disputes with taxing authorities regarding, any Tax Returns of the Business or the Acquired Assets.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An207_286429><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Company shall cooperate as reasonably required to assume any Tax Incentives elected by the Purchaser at Purchaser&#146;s sole discretion.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An208_286529><font lang=X-NONE>(e)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Within thirty (30) days of filing any Tax Return listed on Exhibit K, Company shall provide Purchaser a copy of the same.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An209_352E38><a name=_Toc315307830><a name=_Ref312842986><font style=COLOR:windowtext lang=X-NONE>5.8<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Guarantees</font></u></a><font lang=X-NONE>. </font><font lang=X-NONE>&nbsp;</font><font lang=X-NONE>Prior to the transfer of any of the agreements, purchase orders or any other arrangements with any of the </font>vendors<font lang=X-NONE>of the Business, to the extent guaranties were provided by the Company under any such agreements, </font>as set forth on Section <a name=_Aci_Fl145_352E38>5.8 of the Disclosure Schedule, <font lang=X-NONE>the Purchaser shall provide the Company, prior and as a condition to such transfer, copies of suitable guaranties acceptable to the applicable customer, which shall replace the guaranties provided by the Company concurrently with the transfer of the said agreement.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_An210_41525449434C45205649><a name=_Toc315307831><font style=COLOR:windowtext lang=X-NONE>ARTICLE VI</font><font lang=X-NONE><br><br></font></a><a name=_Ref312347193><font lang=X-NONE>Indemnification</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An211_362E31><a name=_Toc315307832><a name=_Ref311554193><font style=COLOR:windowtext lang=X-NONE>6.1<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Survival</font></u></a><font lang=X-NONE>.&nbsp; The representations and warranties of the Parties contained herein and in the Transaction Documents</font><font lang=X-NONE>shall survive the Closing for a period of </font>18<font lang=X-NONE>months after the Closing (the &#147;Indemnification Period&#148;); except for (a) </font>those representations and warranties in the Joinder which are identified therein as surviving for a longer period; (b) <font lang=X-NONE>the representations and warranties set forth in Sections </font>3.1, 3.2, 3.8, 3.16, 3.18, 3.24 and 3.26 <font lang=X-NONE>in the case of the Company, and Sections&nbsp;4.1 and 4.2 in the case of the Purchaser, all of which shall survive the Closing and until the applicable statute of limitations has expired; and (</font>c<font lang=X-NONE>) any indemnification or right thereto arising out of any breach or alleged breach of which the indemnified Person has notified the indemnifying Person in writing on or prior to the date such representation or warranty would otherwise terminate in accordance with this Section 6.1, which shall not terminate until after the liability of the indemnifying Persons shall have been determined and the indemnifying Persons shall have paid the indemnified Persons the full amount of such liability, if any.</font><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An212_362E32><a name=_Toc315307833><a name=_Ref312346877><font style=COLOR:windowtext lang=X-NONE>6.2<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Indemnification of Purchaser</font></u></a><font lang=X-NONE>.&nbsp; From and after the Closing, Company shall indemnify, hold harmless and defend Purchaser and its </font>directors, officers, shareholders, <font lang=X-NONE>and employees from and against any and all Losses incurred by or suffered by Purchaser arising out of any of the following:</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An213_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>any breach or any inaccuracy in any representation or warranty made by Company or any Company Subsidiary in this Agreement or any Transaction Document or any certificate delivered by or on behalf of the Company or any Company Subsidiary pursuant hereto; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An214_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>any breach of or failure by the Company or any Company Subsidiary to perform, any of its covenants or obligations required to be performed by it pursuant to this Agreement or any Transaction Document; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An215_286329><a name=_Ref312347451><a name=_BPDC_LN_INS_1004><a name=_Aci_Pg36><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>any liability or obligation of Company or any Company Subsidiary arising out of or in connection with the ownership of the Acquired Assets, Subsidiary Acquired Assets, or the operation of the Business (of Company or Company Subsidiary, as applicable) arising on or before the Closing; or</font><font lang=X-NONE>&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An216_286429><a name=_BPDC_LN_INS_1003><font lang=X-NONE>(d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>any failure of the Company or any Company Subsidiary to perform or otherwise pay or discharge any Excluded Liability. </font></p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>Notwithstanding anything contained herein to the contrary, the Company&#146;s aggregate indemnification obligation hereunder shall not exceed the Purchase Price unless and to the extent the Losses for which indemnification is being sought arise from </font>any representation or warranty that was fraudulently provided, <font lang=X-NONE>the Company&#146;s breach of the representations and warranties given in Sections&nbsp;</font>3.18, any statutory liens,<font lang=X-NONE>or </font>the Company&#146;s <font lang=X-NONE>breach of the confidentiality obligations under Section&nbsp;5.</font>3<font lang=X-NONE>.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An217_362E33><a name=_Toc315307834><a name=_Ref312347008><font style=COLOR:windowtext lang=X-NONE>6.3<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Limitations on Indemnification Obligations</font></u></a><font lang=X-NONE>.&nbsp; The right of Purchaser to indemnification pursuant to the provisions of Section <a name=_Aci_Fl146_362E32></font><font lang=X-NONE>6.2</font><font lang=X-NONE>is subject to the following limitations:</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An218_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>the amount of any and all Losses shall be determined net of any amounts actually recovered by Purchaser or by Purchaser indemnitees, as the case may be, under insurance policies with respect to such Losses;</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An219_286229><a name=_Ref313800404><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>Purchaser shall not be entitled to recover Losses pursuant to Section </font></a><a name=_Aci_Fl147_362E32><font lang=X-NONE>6.2</font><font lang=X-NONE>until the total amount which Purchaser would recover under Section <a name=_Aci_Fl148_362E32></font><font lang=X-NONE>6.2</font><font lang=X-NONE>exceeds $250,000 (the &#147;Threshold&#148;), in which case, Purchaser shall be entitled to recover for all Losses up to, including, and in excess of the Threshold; and</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An220_286329>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font><font lang=X-NONE>In no event shall the definition of Knowledge impose any personal liability on the Person(s) included therein, except to the extent such Persons(s) are found to have acted fraudulently, as determined by a court of competent jurisdiction. </font></a></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Notwithstanding the foregoing, the right of Purchaser to indemnification pursuant to the provisions of Section 6.2 with respect to breaches of the representations and warranties in connection with amounts payable to licensors of Intellectual Property Licenses (&#147;License Payable Warranties&#148;), as set forth in Exhibit D to the Disclosure Schedule, shall not be subject to or otherwise limited by the Threshold. &nbsp;Purchaser shall be able to immediately seek indemnification from Company for any additional amount paid to a licensor, or a substitute licensor for equivalent technologies, in excess of the amount shown with respect to a licensor shown on Exhibit D in connection with Purchasers&#146; efforts to secure a license with one or more such licensors, all in accordance with the Escrow Agreement.&nbsp; For clarity, while indemnity claims with respect to License Payable Warranties are not subject to the Threshold, they are to be taken into account in determining whether the threshold has been met with respect to indemnity claims not relating to License Payable Warranties.</p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An221_362E34><a name=_Toc315307835><font style=COLOR:windowtext lang=X-NONE>6.4<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Exclusive Remedy</font></u></a><font lang=X-NONE>. Notwithstanding anything contained herein to the contrary, indemnification pursuant to the provisions of this <a name=_Aci_Fl149_41525449434C45205649></font><font lang=X-NONE>ARTICLE VI</font><font lang=X-NONE>and Section <a name=_Aci_Fl150_362E32></font><font lang=X-NONE>6.2</font><font lang=X-NONE>shall be the exclusive remedy for Purchaser for any misrepresentation or breach of any warranty, covenant or other provision contained in this Agreement or in any certificate delivered pursuant hereto, other than in the case of fraud</font>, provided, however, each Party acknowledges that a breach or threatened breach by such party of any of its obligations under this Agreement would give rise to irreparable harm to the other Party for which monetary damages would not be an adequate remedy and hereby agrees that in the event of a breach or a threatened breach by such Party of any such obligations, the other Party shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond). </p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An222_362E35><a name=_Toc315307836><font style=COLOR:windowtext lang=X-NONE>6.5<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Indemnification of the Company</font></u></a><font lang=X-NONE>.&nbsp; From and after the Closing, Purchaser shall indemnify, hold harmless and defend the Company and </font>its directors, officers and shareholders <font lang=X-NONE>from and against any and all Losses incurred by or suffered by the Company arising out of any of the following: </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An223_286129><a name=_Aci_Pg37><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>any breach or any inaccuracy in any representation or warranty made by Purchaser in this Agreement or any Transaction Document or any certificate delivered by or on behalf of Purchaser pursuant hereto; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An224_286229><a name=_BPDC_LN_INS_1002><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>any breach by Purchaser of, or any failure by Purchaser to perform, any covenant or obligation required to be performed by it pursuant to this Agreement or any Transaction Document, or </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An225_286329><font lang=X-NONE>(c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>any failure of the Purchaser to perform the Assumed Liabilities.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An226_362E36><a name=_Toc315307837><font style=COLOR:windowtext lang=X-NONE>6.6<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Payment</font></u></a><font lang=X-NONE>.&nbsp; Until expiration of the Indemnification Period, the Purchaser may make a claim against the Escrow Amount for indemnification pursuant to this Article VI on the terms and conditions of the Escrow Agreement.&nbsp; If the Escrow Amount is insufficient to pay any indemnification claims, the Purchaser may make a claim directly against the Company.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An227_362E37><a name=_Toc315307838><font style=COLOR:windowtext lang=X-NONE>6.7<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Purchase Price Adjustments</font></u></a><font lang=X-NONE>.&nbsp; To the extent permitted by Law, any amounts payable under Section 6.2 or Section 6.3 shall be treated by the Parties as an adjustment to the Purchase Price. </font></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; TEXT-TRANSFORM:uppercase; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt; FONT-WEIGHT:bold"><a name=_Aci_An228_41525449434C4520564949><a name=_Toc315307839><font style=COLOR:windowtext lang=X-NONE>ARTICLE VII</font><font lang=X-NONE><br><br>Miscellaneous</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An229_372E31><a name=_Toc315307840><font style=COLOR:windowtext lang=X-NONE>7.1<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>No Third-Party Beneficiaries</font></u></a><font lang=X-NONE>.&nbsp; This Agreement is for the sole benefit of the Parties and shall not confer any legal or equitable, rights, benefits or remedies of any nature whatsoever upon any Person other than the Parties and their respective successors and permitted assigns.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An230_372E32><a name=_Toc315307841><font style=COLOR:windowtext lang=X-NONE>7.2<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Entire Agreement</font></u></a><font lang=X-NONE>.&nbsp; This Agreement </font>and the other Transaction Documents<font lang=X-NONE>constitute the entire agreement among the Parties and supersedes all prior and contemporaneous understandings, agreements, or representations by or among the Parties, written or oral, to the extent they have related in any way to the subject matter hereof.&nbsp; In the event of any inconsistency between the statements in the body of this Agreement and </font>(a) <font lang=X-NONE>those in the other Transaction Documents</font> or (b) <font lang=X-NONE>the Exhibits and Schedules </font>to this Agreement or the other Transaction Documents, <font lang=X-NONE>the statements in the body of this Agreement will control</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An231_372E33><a name=_Toc315307842><font style=COLOR:windowtext lang=X-NONE>7.3<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Receivables</font></u></a><font lang=X-NONE>.&nbsp; From and after the Closing, if Company or any of its Affiliates receives or collects any funds relating to any accounts receivable of Company or any other Purchased Asset, provided that the collected amounts arise from business conducted post the Closing date, Company or such Affiliate shall remit such funds to Purchaser within five days after its receipt thereof.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An232_372E34><a name=_Toc315307843><font style=COLOR:windowtext lang=X-NONE>7.4<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Further Assurances</font></u></a><font lang=X-NONE>.&nbsp; Following the Closing, </font>each of <font lang=X-NONE>the Parties </font>hereto <font lang=X-NONE>shall, and shall cause their respective Affiliates to, execute and deliver such additional documents, instruments, conveyances and assurances and take such further actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement and the other Transaction Documents.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An233_372E35><a name=_Toc315307844><font style=COLOR:windowtext lang=X-NONE>7.5<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Succession and Assignment</font></u></a><font lang=X-NONE>.&nbsp; This Agreement shall be binding upon and inure to the benefit of the Parties named herein and their respective successors and permitted assigns.&nbsp; </font>Company may not assign <font lang=X-NONE>this Agreement or any of his or its rights, interests, or obligations hereunder without prior written approval of Purchaser</font>.</p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An234_372E36><a name=_Toc315307845><font style=COLOR:windowtext lang=X-NONE>7.6<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Counterparts</font></u></a><font lang=X-NONE>.&nbsp; This Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together will constitute one and the same instrument.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An235_372E37><a name=_Toc315307846><font style=COLOR:windowtext lang=X-NONE>7.7<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Headings</font></u></a><font lang=X-NONE>.&nbsp; The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An236_372E38><a name=_Toc315307847><a name=_Aci_Pg38><font style=COLOR:windowtext lang=X-NONE>7.8<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Notices</font></u><font lang=X-NONE>.&nbsp; All notices, requests, consents, claims, demands, waivers and other communications hereunder shall be in writing and shall be deemed to have been given: (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next business day if sent after normal business hours of the recipient or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid.&nbsp; Such communications must be sent to the respective parties at the following addresses:</font></p> <table style="BORDER-COLLAPSE:collapse; MARGIN-LEFT:39.9pt" cellpadding=0 cellspacing=0> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=231 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:172.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>If to Company:</font></p></td> <td width=341 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:256.05pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>4 Hacharash Street<br>Newe Ne&#146;eman Industrial Zone<br>Hod Hasharon 45240&nbsp;<br>Israel</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Tel:+972-9-7627800&nbsp;<br>Fax: +972-9-7627801</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Email: Izik@vcon.com</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Attention:&nbsp; Izik Ben Ezra</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>&nbsp;</p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=231 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:172.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>with a copy to (which shall not constitute notice):</font></p></td> <td width=341 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:256.05pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Erdinast, Ben &#150; Nathan &amp; Co. </p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Facsimile:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 972-37770101 </p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>E-mail: dankner@ebnlaw.co.il</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Attention:&nbsp; Yoav Dankner, Adv.</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>&nbsp;</p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=231 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:172.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>If to Purchaser:</font></p></td> <td width=341 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:256.05pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>C-V Private (Israel), Ltd.</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>ClearOne Communications Hong Kong Limited</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>5225 Wiley Post Way, Suite 500</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Salt Lake City, Utah 84116</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Facsimile:&nbsp; [FAX NUMBER]</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Attention:&nbsp; Zee Hakimoglu, President and CEO</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>&nbsp;</p></td></tr> <tr style=PAGE-BREAK-INSIDE:avoid> <td width=231 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:172.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font style=COLOR:black>with a copy to (which shall not constitute notice):</font></p></td> <td width=341 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:256.05pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Parsons Behle &amp; Latimer</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>PO Box 45898</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Salt Lake City, Utah 84145-0898</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Telephone:&nbsp; 801 532 1234</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Facsimile: 801 536 6111 </p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>E-mail: gmangum@parsonsbehle.com</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Attention: Geoff Mangum </p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>&nbsp;</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Shibolet &amp; Co.</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Museum Tower, 4 Berkowitz Street</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Tel-Aviv&nbsp; 64238</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Facsimile +972-3-777-8444</p> <p style="TEXT-ALIGN:left; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left>Attention: Yaacov Yisraeli</p></td></tr></table> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>Any Party may send any notice, request, demand, claim, or other communication hereunder to the intended recipient at the address set forth above using any other means (including personal delivery, expedited courier, messenger service, telecopy, telex, ordinary mail, or electronic mail), but no such notice, request, demand, claim, or other communication shall be deemed to have been duly given unless and until it actually is received by the intended recipient.&nbsp; Any Party may change the address to which notices, requests, demands, claims, and other communications hereunder are to be delivered by giving the other Parties notice in the manner herein set forth.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An237_372E39><a name=_Toc315307848><a name=_Aci_Pg39><font style=COLOR:windowtext lang=X-NONE>7.9<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Governing Law; Jurisdiction; Service of Process</font></u><font lang=X-NONE>.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An238_286129><font lang=X-NONE>(a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>This Agreement shall be governed by and construed in accordance with the domestic laws of the State of Israel without giving effect to any choice or conflict of law provision or rule (whether of the State of Israel or any other jurisdiction) that would cause the application of the laws of any jurisdiction other than the State of Israel.</font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:1in; MARGIN:0in 0in 12pt 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An239_286229><font lang=X-NONE>(b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font lang=X-NONE>The parties hereto irrevocably submit to the exclusive jurisdiction of the competent courts of the Central District, Israel over any dispute arising out of or relating to the Agreement or the transaction Documents or any agreement or instrument contemplated thereby or entered into in connection herewith or therewith or any of the transactions contemplated hereby or thereby.&nbsp; Each party hereby irrevocably agrees that all claims in respect of such dispute or proceeding will be heard and determined in such courts (and the courts hearing appeals from such courts).&nbsp; The parties hereby irrevocably waive, to the fullest extent permitted by applicable Law, any objection which they may now or hereafter have to the laying of venue of any such dispute brought in such court or any defense of inconvenient forum in connection therewith.&nbsp; </font></a></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An240_372E3130><a name=_Toc315307849><font style=COLOR:windowtext lang=X-NONE>7.10<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Amendments and Waivers</font></u></a><font lang=X-NONE>.&nbsp; No amendment of any provision of this Agreement shall be valid unless the same shall be in writing and signed by the all the Parties.&nbsp; No waiver by any Party of any default, misrepresentation, or breach of warranty or covenant hereunder, whether intentional or not, shall be deemed to extend to any prior or subsequent default, misrepresentation, or breach of warranty or covenant hereunder or affect in any way any rights arising by virtue of any prior or subsequent such occurrence.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An241_372E3131><a name=_Toc315307850><font style=COLOR:windowtext lang=X-NONE>7.11<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Severability</font></u></a><font lang=X-NONE>.&nbsp; Any term or provision of this Agreement that is invalid or unenforceable in any situation in any jurisdiction shall not affect the validity or enforceability of the remaining terms and provisions hereof or the validity or enforceability of the offending term or provision in any other situation or in any other jurisdiction.&nbsp; Upon such determination that any term or other provision is invalid, illegal or unenforceable, the Parties shall negotiate in good faith to modify this Agreement so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible.</font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An242_372E3132><a name=_Toc315307851><font style=COLOR:windowtext lang=X-NONE>7.12<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Expenses</font></u></a><font lang=X-NONE>.&nbsp; Each of the Parties will bear its own costs and expenses (including legal fees and expenses) incurred in connection with this Agreement and the transactions contemplated hereby.&nbsp; </font></p> <p style="TEXT-ALIGN:justify; LINE-HEIGHT:normal; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><a name=_Aci_An243_372E3133><a name=_Toc315307852><font style=COLOR:windowtext lang=X-NONE>7.13<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><u><font lang=X-NONE>Incorporation of Exhibits and Schedules</font></u></a><font lang=X-NONE>.&nbsp; The Exhibits and Schedules identified in this Agreement are incorporated herein by reference and made a part hereof.</font></p><font style="FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt" lang=X-NONE><br clear=all style=PAGE-BREAK-BEFORE:always></font> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; TEXT-INDENT:0.5in; MARGIN:0in 0in 12pt; FONT-FAMILY:'Times New Roman','serif'; COLOR:black; FONT-SIZE:10pt"><font lang=X-NONE>IN WITNESS WHEREOF, the Parties have executed this Agreement on as of the date first above written.</font></p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">C-V Private (Israel), Ltd.</p> <p style="TEXT-ALIGN:left; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font lang=X-NONE>By:</font> /s/ Narasimhan Narayanan</p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>Name:&nbsp; </font>Narasimhan Narayanan</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>Title:&nbsp; </font>Director</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">ClearOne Communications Hong Kong Limited</p> <p style="TEXT-ALIGN:left; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font lang=X-NONE>By:</font> /s/ Zeynep Hakimoglu</p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>Name:&nbsp; </font>Zeynep Hakimoglu</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>Title:&nbsp; </font>Director</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>VCON Video Conferencing, Ltd.</font></p> <p style="TEXT-ALIGN:left; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=left><font lang=X-NONE>By:</font> /s/ Izik Ben-Ezra</p> <p style="TEXT-ALIGN:justify; PAGE-BREAK-AFTER:avoid; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>Name:&nbsp; </font>Izik Ben-Ezra</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt 3in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><font lang=X-NONE>Title:&nbsp; </font>Chief Executive Officer</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p></div></body>
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<TYPE>EX-31.1
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<FILENAME>clro2012q1_ex31z1.htm
<DESCRIPTION>SECTION 302 CERTIFICATION OF CHIEF EXECUTIVE OFFICER
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<head> </head> <body lang=EN-US> <div style=page:WordSection1> <p style="TEXT-ALIGN:right; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=right><b>EXHIBIT 31.1</b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt" align=center><b>CERTIFICATION</b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">I, Zeynep Hakimoglu, certify that:</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">1.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>I have reviewed this quarterly report of ClearOne Communications, Inc. on Form 10-Q;</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">2.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">3.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">4.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:<font style=FONT-SIZE:12pt>&nbsp;</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting.</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">5.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>The registrant&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and </p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <table style="BORDER-BOTTOM:0px; BORDER-LEFT:0px; BORDER-COLLAPSE:collapse; BORDER-TOP:0px; BORDER-RIGHT:0px" cellpadding=0 cellspacing=0> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">May 14, 2012</p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">By:</p></td> <td width=183 style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:137.6pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:0px; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">/s/ Zeynep Hakimoglu</p></td> <td width=109 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:81.9pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p></td></tr> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p></td> <td width=293 colspan=2 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:219.5pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Zeynep Hakimoglu </p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">Chief Executive Officer</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt"><i>(Principal Executive Officer)</i></p></td></tr></table> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p> <p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:10pt">&nbsp;</p></div></body>
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<TYPE>EX-31.2
<SEQUENCE>4
<FILENAME>clro2012q1_ex31z2.htm
<DESCRIPTION>SECTION 302 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
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<head> </head> <body lang=EN-US> <div style=page:WordSection1> <p style="TEXT-ALIGN:right; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=right><b><font style=FONT-SIZE:10pt>EXHIBIT 31.2</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=center><b><font style=FONT-SIZE:10pt>CERTIFICATION</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 6pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>I, Narsi Narayanan, certify that:</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>1.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>I have reviewed this quarterly report of ClearOne Communications, Inc. on Form 10-Q;</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>2.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>3.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>4.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>The registrant&#146;s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:</font><font style=FONT-SIZE:12pt>&nbsp;</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>c)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>Evaluated the effectiveness of the registrant&#146;s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>d)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>Disclosed in this report any change in the registrant&#146;s internal control over financial reporting that occurred during the registrant&#146;s most recent fiscal quarter (the registrant&#146;s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant&#146;s internal control over financial reporting.</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 27pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>5.<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>The registrant&#146;s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant&#146;s auditors and the audit committee of the registrant&#146;s board of directors (or persons performing the equivalent functions):</font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>a)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant&#146;s ability to record, process, summarize and report financial information; and </font></p> <p style="LINE-HEIGHT:normal; TEXT-INDENT:-27.35pt; MARGIN:0in 0in 6pt 0.75in; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>b)<font style="FONT:7pt 'Times New Roman'">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font></font><font style=FONT-SIZE:10pt>Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant&#146;s internal control over financial reporting.</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <table style="BORDER-BOTTOM:0px; BORDER-LEFT:0px; BORDER-COLLAPSE:collapse; BORDER-TOP:0px; BORDER-RIGHT:0px" cellpadding=0 cellspacing=0> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>May 14, 2012</font></p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>By:</font></p></td> <td width=183 style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:137.6pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:0px; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>/s/ Narsi Narayanan</font></p></td> <td width=109 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:81.9pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td></tr> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td> <td width=293 colspan=2 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:219.5pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>Narsi Narayanan</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>&nbsp;Vice President of Finance</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><i><font style=FONT-SIZE:10pt>(Principal Financial and Accounting Officer)</font></i></p></td></tr></table> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></div></body>
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<DOCUMENT>
<TYPE>EX-32.1
<SEQUENCE>5
<FILENAME>clro2012q1_ex32z1.htm
<DESCRIPTION>SECTION 906 CERTIFICATION OF CHIEF EXECUTIVE OFFICER
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<head> </head> <body lang=EN-US> <div style=page:WordSection1> <p style="TEXT-ALIGN:right; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=right><b><font style=FONT-SIZE:10pt>EXHIBIT 32.1</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=center><b><font style=FONT-SIZE:10pt>CERTIFICATION OF CHIEF EXECUTIVE OFFICER</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=center><b><font style=FONT-SIZE:10pt>Pursuant to 18 U.S.C. Section 1350,</font></b></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=center><b><font style=FONT-SIZE:10pt>As adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>I, Zeynep Hakimoglu, certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of ClearOne Communications, Inc. on Form 10-Q for the quarter ended&nbsp;March 31, 2012, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of ClearOne Communications, Inc.</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <table style="BORDER-BOTTOM:0px; BORDER-LEFT:0px; BORDER-COLLAPSE:collapse; BORDER-TOP:0px; BORDER-RIGHT:0px" cellpadding=0 cellspacing=0> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>May 14, 2012</font></p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>By:</font></p></td> <td width=183 style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:137.6pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:0px; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>/s/ Zeynep Hakimoglu</font></p></td> <td width=109 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:81.9pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td></tr> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td> <td width=293 colspan=2 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:219.5pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>Zeynep Hakimoglu </font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>Chief Executive Officer</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><i><font style=FONT-SIZE:10pt>(Principal Executive Officer)</font></i></p></td></tr></table> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></div></body>
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<TYPE>EX-32.2
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<DESCRIPTION>SECTION 906 CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER
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<head> </head> <body lang=EN-US> <div style=page:WordSection1> <p style="TEXT-ALIGN:right; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=right><b><font style=FONT-SIZE:10pt>EXHIBIT 32.2</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=center><b><font style=FONT-SIZE:10pt>CERTIFICATION OF CHIEF FINANCIAL OFFICER</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=center><b><font style=FONT-SIZE:10pt>Pursuant to 18 U.S.C. Section 1350,</font></b></p> <p style="TEXT-ALIGN:center; LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt" align=center><b><font style=FONT-SIZE:10pt>As adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002</font></b></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>I, Narsi Narayanan, certify, to my best knowledge and belief, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of ClearOne Communications, Inc. on Form 10-Q for the quarter ended&nbsp;March 31, 2012, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of ClearOne Communications, Inc.</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <table style="BORDER-BOTTOM:0px; BORDER-LEFT:0px; BORDER-COLLAPSE:collapse; BORDER-TOP:0px; BORDER-RIGHT:0px" cellpadding=0 cellspacing=0> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>May 14, 2012</font></p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>By:</font></p></td> <td width=183 style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:0px; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:137.6pt; PADDING-RIGHT:5.4pt; BORDER-TOP:0px; BORDER-RIGHT:0px; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>/s/ Narsi Narayanan</font></p></td> <td width=109 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:81.9pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td></tr> <tr> <td width=304 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:228.35pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td> <td width=41 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:30.95pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></td> <td width=293 colspan=2 style="PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:219.5pt; PADDING-RIGHT:5.4pt; PADDING-TOP:0in" valign=top> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>Narsi Narayanan</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><font style=FONT-SIZE:10pt>&nbsp;Vice President of Finance</font></p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt"><i><font style=FONT-SIZE:10pt>(Principal Financial and Accounting Officer)</font></i></p></td></tr></table> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:normal; MARGIN:0in 0in 0pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p> <p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt; FONT-FAMILY:'Times New Roman','serif'; FONT-SIZE:11pt">&nbsp;</p></div></body>
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	<us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The fiscal year for ClearOne Communications, Inc. and its subsidiaries (collectively, ClearOne or the Company) is the 12 months ending on December 31st.&amp;nbsp;&amp;nbsp;The consolidated financial statements include the accounts of ClearOne and its subsidiaries. All significant intercompany accounts and transactions have been eliminated.&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The accompanying interim consolidated financial statements for the three months ended&amp;nbsp;March 31, 2012 and 2011 respectively have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and are not audited. Certain information and footnote disclosures, that are usually included in financial statements prepared in accordance with generally accepted accounting principles in the United States (GAAP) have been either condensed or omitted in accordance with SEC rules and regulations. The accompanying consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of our financial position as of&amp;nbsp;March 31, 2012 and December 31, 2011, the results of operations for the three months ended March 31, 2012 and 2011, and the statements of cash flows for the three months ended March 31, 2012 and 2011. The results of operations for the three months ended March 31, 2012 and 2011 are not necessarily indicative of the results for a full-year period.&amp;nbsp;&amp;nbsp;These interim consolidated financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011 filed with the SEC.&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock>
	<us-gaap:BusinessCombinationDisclosureTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;2.&amp;nbsp;&amp;nbsp;Business Combination&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;On February 16, 2012, the Company completed the acquisition of the video conferencing business of Israel based VCON Video Conferencing, Ltd. (&amp;#147;VCON&amp;#148;) through an asset purchase agreement. VCON is a pioneer in software based video conferencing solutions with product offerings that include group video conferencing endpoints, desktop video conferencing endpoints, video conferencing infrastructure solutions and software development kits. This acquisition and the combination of streaming and digital signage technologies will provide us with complimentary technology opportunities allowing us to enter new growth markets. &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Pursuant to the asset purchase agreement, the Company paid initial consideration of $4,632 in cash. This initial consideration is subject to a final working capital adjustment.&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The Company believes that such information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. The measurement period for purchase price allocation ends as soon as information on the facts and circumstances becomes available, but will not exceed twelve months from the date of acquisition. Adjustments in the purchase price allocation may require a recasting of the amounts allocated to intangible assets and possible allocation to goodwill, retroactive to the period in which the acquisition occurred. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant. &lt;/p&gt; &lt;p&gt;&amp;nbsp;&lt;/p&gt; &lt;p&gt;The fair value of identified assets and liabilities acquired and goodwill was as follows: &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p&gt;&lt;/p&gt; &lt;table width=&quot;318&quot; style=&quot;MARGIN:auto auto auto 5.4pt; WIDTH:238.5pt; BORDER-COLLAPSE:collapse&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot;&gt;  &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Inventory&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; 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WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 34&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Product warranty liability&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;(8)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Tradename&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 500&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Patents and technological know-how&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2,300&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Proprietary software&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 500&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;In-process research and development&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 200&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Goodwill&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 786&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Cash paid&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;84&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp; 4,632&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The Company incurred $187 towards acquisition related expenses, all of which are categorized under General and administrative expenses in the Consolidated Statement of Operations for the period ended March 31, 2012. &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Supplemental Pro Forma information &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.5in&quot;&gt;1)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Revenue and net loss from VCON business from February 16, 2012 to March 31, 2012 was $77 and ($152) respectively. &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt 0.5in&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.5in&quot;&gt;2)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Revenue and earnings of the combined entity as though the business combination occurred as of January 1, 2011:&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt 0.5in&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p&gt;&lt;/p&gt; &lt;table width=&quot;541&quot; style=&quot;MARGIN:auto auto auto 36.7pt; WIDTH:541px; BORDER-COLLAPSE:collapse; HEIGHT:106px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot;&gt;  &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;264&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;201&quot; colspan=&quot;3&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.6pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;Three months ended March 31,&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;264&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;2012&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;2011&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;264&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Revenue&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp; $&amp;nbsp;10,367&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp; $10,803&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;264&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Earnings&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 409&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 647&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;264&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Basic and diluted earnings per common share&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;0.04&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 0.07&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.5in&quot;&gt;3)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; There were no material, nonrecurring pro forma adjustments directly attributable to the acquisition included in this supplemental Pro Forma information. &lt;/p&gt; &lt;p&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:BusinessCombinationDisclosureTextBlock>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue unitRef='USD' contextRef='E10' decimals='-3'>11431000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue unitRef='USD' contextRef='E11' decimals='-3'>16683000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue unitRef='USD' contextRef='E11Q1' decimals='-3'>13476000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:CashAndCashEquivalentsAtCarryingValue unitRef='USD' contextRef='E12Q1' decimals='-3'>10577000</us-gaap:CashAndCashEquivalentsAtCarryingValue>
	<us-gaap:DeferredIncomeTaxesAndTaxCredits unitRef='USD' contextRef='Y11Q1' decimals='-3'>117000</us-gaap:DeferredIncomeTaxesAndTaxCredits>
	<us-gaap:DeferredIncomeTaxesAndTaxCredits unitRef='USD' contextRef='Y12Q1' decimals='-3'>-10000</us-gaap:DeferredIncomeTaxesAndTaxCredits>
	<us-gaap:IncreaseDecreaseInAccountsPayable unitRef='USD' contextRef='Y11Q1' decimals='-3'>1082000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInAccountsPayable unitRef='USD' contextRef='Y12Q1' decimals='-3'>-984000</us-gaap:IncreaseDecreaseInAccountsPayable>
	<us-gaap:IncreaseDecreaseInReceivables unitRef='USD' contextRef='Y11Q1' decimals='-3'>1396000</us-gaap:IncreaseDecreaseInReceivables>
	<us-gaap:IncreaseDecreaseInReceivables unitRef='USD' contextRef='Y12Q1' decimals='-3'>1416000</us-gaap:IncreaseDecreaseInReceivables>
	<us-gaap:IncreaseDecreaseInAccruedLiabilities unitRef='USD' contextRef='Y11Q1' decimals='-3'>-1269000</us-gaap:IncreaseDecreaseInAccruedLiabilities>
	<us-gaap:IncreaseDecreaseInAccruedLiabilities unitRef='USD' contextRef='Y12Q1' decimals='-3'>309000</us-gaap:IncreaseDecreaseInAccruedLiabilities>
	<us-gaap:IncreaseDecreaseInDeferredRevenue unitRef='USD' contextRef='Y11Q1' decimals='-3'>258000</us-gaap:IncreaseDecreaseInDeferredRevenue>
	<us-gaap:IncreaseDecreaseInDeferredRevenue unitRef='USD' contextRef='Y12Q1' decimals='-3'>418000</us-gaap:IncreaseDecreaseInDeferredRevenue>
	<us-gaap:IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable unitRef='USD' contextRef='Y11Q1' decimals='-3'>121000</us-gaap:IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable>
	<us-gaap:IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable unitRef='USD' contextRef='Y12Q1' decimals='-3'>-89000</us-gaap:IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable>
	<us-gaap:IncreaseDecreaseInInventories unitRef='USD' contextRef='Y11Q1' decimals='-3'>-379000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInInventories unitRef='USD' contextRef='Y12Q1' decimals='-3'>-2224000</us-gaap:IncreaseDecreaseInInventories>
	<us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet unitRef='USD' contextRef='Y11Q1' decimals='-3'>53000</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
	<us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet unitRef='USD' contextRef='Y12Q1' decimals='-3'>15000</us-gaap:IncreaseDecreaseInOtherOperatingCapitalNet>
	<us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets unitRef='USD' contextRef='Y11Q1' decimals='-3'>-54000</us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
	<us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets unitRef='USD' contextRef='Y12Q1' decimals='-3'>-1132000</us-gaap:IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets>
	<us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;LINE-HEIGHT:115%; MARGIN:0in 0in 10pt&quot;&gt;&lt;b&gt;&lt;font style=&quot;LINE-HEIGHT:115%&quot;&gt;9. Commitments and Contingencies&lt;/font&gt;&lt;/b&gt;&lt;font style=&quot;LINE-HEIGHT:115%&quot;&gt;&lt;/font&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The Company entered in to a consulting arrangement for a period of 12 months.&amp;nbsp; The consulting arrangement provides for a fixed fee of approximately $180 with additional maximum incentive-based fees of approximately $20 associated with accomplishing specific milestones.&lt;/p&gt; &lt;p&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
	<us-gaap:CommonStockValue unitRef='USD' contextRef='E11' decimals='-3'>9000</us-gaap:CommonStockValue>
	<us-gaap:CommonStockValue unitRef='USD' contextRef='E12Q1' decimals='-3'>9000</us-gaap:CommonStockValue>
	<us-gaap:CommonStockSharesAuthorized unitRef='Shares' contextRef='E11' decimals='INF'>50000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesAuthorized unitRef='Shares' contextRef='E12Q1' decimals='INF'>50000000</us-gaap:CommonStockSharesAuthorized>
	<us-gaap:CommonStockSharesIssued unitRef='Shares' contextRef='E11' decimals='INF'>9098152</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesIssued unitRef='Shares' contextRef='E12Q1' decimals='INF'>9098152</us-gaap:CommonStockSharesIssued>
	<us-gaap:CommonStockSharesOutstanding unitRef='Shares' contextRef='E11' decimals='INF'>9098152</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CommonStockSharesOutstanding unitRef='Shares' contextRef='E12Q1' decimals='INF'>9098152</us-gaap:CommonStockSharesOutstanding>
	<us-gaap:CostOfGoodsSold unitRef='USD' contextRef='Y11Q1' decimals='-3'>4399000</us-gaap:CostOfGoodsSold>
	<us-gaap:CostOfGoodsSold unitRef='USD' contextRef='Y12Q1' decimals='-3'>4046000</us-gaap:CostOfGoodsSold>
	<dei:CurrentFiscalYearEndDate contextRef='Y12Q1'>--12-31</dei:CurrentFiscalYearEndDate>
	<us-gaap:DeferredTaxAssetsGrossCurrent unitRef='USD' contextRef='E11' decimals='-3'>2987000</us-gaap:DeferredTaxAssetsGrossCurrent>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent unitRef='USD' contextRef='E11' decimals='-3'>101000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DeferredTaxAssetsGrossCurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>3025000</us-gaap:DeferredTaxAssetsGrossCurrent>
	<us-gaap:DeferredTaxLiabilitiesNoncurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>129000</us-gaap:DeferredTaxLiabilitiesNoncurrent>
	<us-gaap:DeferredRevenueCurrent unitRef='USD' contextRef='E11' decimals='-3'>3404000</us-gaap:DeferredRevenueCurrent>
	<us-gaap:DeferredRevenueCurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>3822000</us-gaap:DeferredRevenueCurrent>
	<us-gaap:DeferredRentCreditNoncurrent unitRef='USD' contextRef='E11' decimals='-3'>494000</us-gaap:DeferredRentCreditNoncurrent>
	<us-gaap:DeferredRentCreditNoncurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>486000</us-gaap:DeferredRentCreditNoncurrent>
	<us-gaap:OtherDepreciationAndAmortization unitRef='USD' contextRef='Y11Q1' decimals='-3'>295000</us-gaap:OtherDepreciationAndAmortization>
	<us-gaap:OtherDepreciationAndAmortization unitRef='USD' contextRef='Y12Q1' decimals='-3'>337000</us-gaap:OtherDepreciationAndAmortization>
	<us-gaap:EarningsPerShareDiluted unitRef='UsdPerShare' contextRef='Y11Q1' decimals='INF'>0.09</us-gaap:EarningsPerShareDiluted>
	<us-gaap:EarningsPerShareDiluted unitRef='UsdPerShare' contextRef='Y12Q1' decimals='INF'>0.05</us-gaap:EarningsPerShareDiluted>
	<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding unitRef='Shares' contextRef='Y11Q1' decimals='INF'>9122671</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
	<us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding unitRef='Shares' contextRef='Y12Q1' decimals='INF'>9246310</us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding>
	<us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&lt;b&gt;5.&amp;nbsp;&amp;nbsp;Share-based Compensation&lt;/b&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Share-based compensation expense has been allocated as follows:&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p&gt;&lt;/p&gt; &lt;table width=&quot;423&quot; style=&quot;MARGIN:auto auto auto 5.4pt; WIDTH:317.1pt; BORDER-COLLAPSE:collapse&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot;&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;201&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;21&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;201&quot; colspan=&quot;3&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.6pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;Three months ended March 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;201&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;21&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;2012&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;201&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Cost of goods sold&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;21&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 1&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;201&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Sales and marketing&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;21&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 13&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 4&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;201&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Research and development&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;21&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 7&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 4&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;201&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;General and administrative&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;21&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 30&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 31&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;201&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;21&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 51&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 39&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;LINE-HEIGHT:115%; MARGIN:0in 0in 10pt&quot;&gt;&lt;font style=&quot;LINE-HEIGHT:115%&quot;&gt;As of&amp;nbsp;March 31, 2012 the total remaining unrecognized compensation cost related to non-vested stock options, net of forfeitures, was approximately $530.&lt;/font&gt;&lt;/p&gt; &lt;p&gt;During the three months ended March 31, 2012 and 2011, we granted 30,000 and 0 stock options respectively. We use judgment in determining the fair value of the share-based payments on the date of grant using an option-pricing model with assumptions regarding a number of highly complex and subjective variables.&amp;nbsp;&amp;nbsp;These variables include the risk-free interest rate of the awards, the expected life of the awards, the expected volatility over the term of the awards, the expected dividends of the awards, and an estimate of the amount of awards that are expected to be forfeited.&amp;nbsp;&amp;nbsp;We use the Black-Scholes option pricing model to determine the fair value of share-based payments granted under ASC Topic 718.&lt;/p&gt;</us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock>
	<dei:DocumentFiscalPeriodFocus contextRef='Y12Q1'>Q1</dei:DocumentFiscalPeriodFocus>
	<dei:DocumentFiscalYearFocus contextRef='Y12Q1'>2012</dei:DocumentFiscalYearFocus>
	<dei:DocumentPeriodEndDate contextRef='Y12Q1'>2012-03-31</dei:DocumentPeriodEndDate>
	<dei:DocumentType contextRef='Y12Q1'>10-Q</dei:DocumentType>
	<dei:EntityCentralIndexKey contextRef='Y12Q1'>0000840715</dei:EntityCentralIndexKey>
	<dei:EntityCommonStockSharesOutstanding unitRef='Shares' contextRef='E12Q1' decimals='INF'>9098152</dei:EntityCommonStockSharesOutstanding>
	<dei:EntityCurrentReportingStatus contextRef='Y12Q1'>Yes</dei:EntityCurrentReportingStatus>
	<dei:EntityFilerCategory contextRef='Y12Q1'>Smaller Reporting Company</dei:EntityFilerCategory>
	<dei:EntityPublicFloat unitRef='USD' contextRef='E12Q1' decimals='INF'>27894700</dei:EntityPublicFloat>
	<dei:EntityRegistrantName contextRef='Y12Q1'>CLEARONE COMMUNICATIONS INC</dei:EntityRegistrantName>
	<dei:EntityVoluntaryFilers contextRef='Y12Q1'>No</dei:EntityVoluntaryFilers>
	<dei:EntityWellKnownSeasonedIssuer contextRef='Y12Q1'>No</dei:EntityWellKnownSeasonedIssuer>
	<us-gaap:GeneralAndAdministrativeExpense unitRef='USD' contextRef='Y11Q1' decimals='-3'>-1472000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:GeneralAndAdministrativeExpense unitRef='USD' contextRef='Y12Q1' decimals='-3'>-1505000</us-gaap:GeneralAndAdministrativeExpense>
	<us-gaap:Goodwill unitRef='USD' contextRef='E11' decimals='-3'>1153000</us-gaap:Goodwill>
	<us-gaap:Goodwill unitRef='USD' contextRef='E12Q1' decimals='-3'>1939000</us-gaap:Goodwill>
	<us-gaap:GrossProfit unitRef='USD' contextRef='Y11Q1' decimals='-3'>6302000</us-gaap:GrossProfit>
	<us-gaap:GrossProfit unitRef='USD' contextRef='Y12Q1' decimals='-3'>6108000</us-gaap:GrossProfit>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest unitRef='USD' contextRef='Y11Q1' decimals='-3'>1221000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest unitRef='USD' contextRef='Y12Q1' decimals='-3'>727000</us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest>
	<us-gaap:IncomeTaxDisclosureTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;LINE-HEIGHT:115%; MARGIN:0in 0in 10pt&quot;&gt;&lt;b&gt;&lt;font style=&quot;LINE-HEIGHT:115%&quot;&gt;8. Income Taxes&lt;/font&gt;&lt;/b&gt;&lt;font style=&quot;LINE-HEIGHT:115%&quot;&gt;&lt;/font&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The total outstanding balance for liabilities related to unrecognized tax benefits at March 31, 2012 was approximately $563, of which $35 was associated with interest and penalties. We account for interest expense and penalties for unrecognized tax benefits as part of our income tax provision.&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p&gt;Accrued liabilities as of March 31, 2012 and December 31, 2011 include accrued income taxes payable of $211 and $300, respectively.&lt;/p&gt;</us-gaap:IncomeTaxDisclosureTextBlock>
	<us-gaap:InventoryWriteDown unitRef='USD' contextRef='Y11Q1' decimals='-3'>-214000</us-gaap:InventoryWriteDown>
	<us-gaap:InventoryWriteDown unitRef='USD' contextRef='Y12Q1' decimals='-3'>90000</us-gaap:InventoryWriteDown>
	<us-gaap:IntangibleAssetsNetExcludingGoodwill unitRef='USD' contextRef='E11' decimals='-3'>2690000</us-gaap:IntangibleAssetsNetExcludingGoodwill>
	<us-gaap:IntangibleAssetsNetExcludingGoodwill unitRef='USD' contextRef='E12Q1' decimals='-3'>6063000</us-gaap:IntangibleAssetsNetExcludingGoodwill>
	<us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;3.&amp;nbsp;&amp;nbsp;Goodwill and Intangibles&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Goodwill&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The goodwill of $786 related to the acquisition of VCON is composed of expected synergies in utilizing VCON technology in ClearOne product offerings, reduction in future combined research and development expenses, and intangible assets including acquired workforce that do not qualify for separate recognition. &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The goodwill balance of $786 related to the acquisition of VCON business is deductible for tax purposes. &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Intangible Assets&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Intangible assets as of March 31, 2012 and December 31, 2011 consisted of the following: &lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;table width=&quot;801&quot; style=&quot;MARGIN:auto auto auto 5.4pt; WIDTH:801px; BORDER-COLLAPSE:collapse; HEIGHT:232px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot;&gt;  &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;Estimated useful lives&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;As of &lt;/p&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;March 31, 2012&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;As of &lt;/p&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;December 31, 2011&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Tradename&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;7 years&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 935&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 435&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Patents and technological Know-how&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;10 years&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 4,370&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2,070&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Proprietary software&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;3 to 5 years&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 894&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 394&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;In-process research and development&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;Indefinite&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 759&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 559&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Other&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;5&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 49&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 49&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 7,007&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 3,507&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Accumulated Amortization&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (944)&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; (817)&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt&quot;&gt; &lt;td width=&quot;272&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;88&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 6,063&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;104&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2,690&amp;nbsp;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;During the three months ended March 31, 2012 and 2011, amortization of intangible assets were $127 and $88, respectively.&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The estimated future amortization expense of intangible assets is as follows:&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;table width=&quot;294&quot; style=&quot;MARGIN:auto auto auto 5.4pt; WIDTH:294px; BORDER-COLLAPSE:collapse; HEIGHT:209px&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot;&gt;  &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Years ending December 31,&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2012&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 635&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2013&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 799&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2014&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 782&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2015&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 598&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2016&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 560&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2017&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 508&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:right 80.1pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; Thereafter&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 1,422&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;70&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp; 5,304&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:216.75pt&quot;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:GoodwillAndIntangibleAssetsDisclosureTextBlock>
	<us-gaap:InventoryNet unitRef='USD' contextRef='E11' decimals='-3'>12565000</us-gaap:InventoryNet>
	<us-gaap:InventoryNet unitRef='USD' contextRef='E12Q1' decimals='-3'>14475000</us-gaap:InventoryNet>
	<us-gaap:InventoryDisclosureTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&lt;b&gt;4. &amp;nbsp;Inventories&lt;/b&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Inventories, net of reserves, consisted of the following:&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&lt;/p&gt; &lt;table width=&quot;411&quot; style=&quot;MARGIN:auto auto auto 5.4pt; BORDER-COLLAPSE:collapse&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot;&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;As of &lt;/b&gt;&lt;/p&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;March 31, 2012&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;As of &lt;/b&gt;&lt;/p&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;December 31, 2011&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Current:&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-INDENT:10pt; MARGIN:0in 0in 0pt&quot;&gt;Raw materials&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 927&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 1,091&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-INDENT:10pt; MARGIN:0in 0in 0pt&quot;&gt;Finished goods&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 13,548&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 11,474&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 14,475&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 12,565&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Long-term:&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-INDENT:10pt; MARGIN:0in 0in 0pt&quot;&gt;Raw materials&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 827&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 444&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-INDENT:10pt; MARGIN:0in 0in 0pt&quot;&gt;Finished goods&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 1,622&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 1,461&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt&quot;&gt; &lt;td width=&quot;174&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 2,449&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;118&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 1,905&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Long-term inventory represents inventory held in excess of our current requirements based on our recent sales and forecasted level of sales. We expect to sell the above inventory, net of reserves, at or above the stated cost and believe that no loss will be incurred on its sale.&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Current finished goods include consigned inventory in the amounts of approximately $1,441 and $1,199 as of&amp;nbsp;March 31, 2012 and December 31, 2011, respectively. Consigned inventory represents inventory at distributors and other customers where revenue recognition criteria have not been achieved.&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;During the three months ended March 31, 2012, losses amounting to $90 were incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory. &lt;/p&gt;</us-gaap:InventoryDisclosureTextBlock>
	<us-gaap:InventoryNoncurrent unitRef='USD' contextRef='E11' decimals='-3'>1905000</us-gaap:InventoryNoncurrent>
	<us-gaap:InventoryNoncurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>2449000</us-gaap:InventoryNoncurrent>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities unitRef='USD' contextRef='Y11Q1' decimals='-3'>21000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInFinancingActivities unitRef='USD' contextRef='Y12Q1' decimals='-3'>0000</us-gaap:NetCashProvidedByUsedInFinancingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities unitRef='USD' contextRef='Y11Q1' decimals='-3'>2199000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetCashProvidedByUsedInOperatingActivities unitRef='USD' contextRef='Y12Q1' decimals='-3'>-1409000</us-gaap:NetCashProvidedByUsedInOperatingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities unitRef='USD' contextRef='Y11Q1' decimals='-3'>-175000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetCashProvidedByUsedInInvestingActivities unitRef='USD' contextRef='Y12Q1' decimals='-3'>-4697000</us-gaap:NetCashProvidedByUsedInInvestingActivities>
	<us-gaap:NetIncomeLoss unitRef='USD' contextRef='Y11Q1' decimals='-3'>812000</us-gaap:NetIncomeLoss>
	<us-gaap:ProfitLoss unitRef='USD' contextRef='Y11Q1' decimals='-3'>812000</us-gaap:ProfitLoss>
	<us-gaap:NetIncomeLoss unitRef='USD' contextRef='Y12Q1' decimals='-3'>453000</us-gaap:NetIncomeLoss>
	<us-gaap:ProfitLoss unitRef='USD' contextRef='Y12Q1' decimals='-3'>453000</us-gaap:ProfitLoss>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease unitRef='USD' contextRef='Y11Q1' decimals='-3'>2045000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease unitRef='USD' contextRef='Y12Q1' decimals='-3'>-6106000</us-gaap:CashAndCashEquivalentsPeriodIncreaseDecrease>
	<us-gaap:OperatingIncomeLoss unitRef='USD' contextRef='Y11Q1' decimals='-3'>1210000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OperatingIncomeLoss unitRef='USD' contextRef='Y12Q1' decimals='-3'>711000</us-gaap:OperatingIncomeLoss>
	<us-gaap:OtherAssetsNoncurrent unitRef='USD' contextRef='E11' decimals='-3'>41000</us-gaap:OtherAssetsNoncurrent>
	<us-gaap:OtherAssetsNoncurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>67000</us-gaap:OtherAssetsNoncurrent>
	<us-gaap:OtherOperatingIncomeExpenseNet unitRef='USD' contextRef='Y11Q1' decimals='-3'>11000</us-gaap:OtherOperatingIncomeExpenseNet>
	<us-gaap:OtherOperatingIncomeExpenseNet unitRef='USD' contextRef='Y12Q1' decimals='-3'>16000</us-gaap:OtherOperatingIncomeExpenseNet>
	<us-gaap:OtherLiabilitiesNoncurrent unitRef='USD' contextRef='E11' decimals='-3'>548000</us-gaap:OtherLiabilitiesNoncurrent>
	<us-gaap:OtherLiabilitiesNoncurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>563000</us-gaap:OtherLiabilitiesNoncurrent>
	<us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired unitRef='USD' contextRef='Y11Q1' decimals='-3'>0000</us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
	<us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired unitRef='USD' contextRef='Y12Q1' decimals='-3'>-4632000</us-gaap:PaymentsToAcquireBusinessesNetOfCashAcquired>
	<us-gaap:OtherAssetsCurrent unitRef='USD' contextRef='E11' decimals='-3'>740000</us-gaap:OtherAssetsCurrent>
	<us-gaap:OtherAssetsCurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>1846000</us-gaap:OtherAssetsCurrent>
	<us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions unitRef='USD' contextRef='Y11Q1' decimals='-3'>21000</us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions>
	<us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions unitRef='USD' contextRef='Y12Q1' decimals='-3'>0000</us-gaap:ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions>
	<us-gaap:OtherOperatingIncome unitRef='USD' contextRef='Y11Q1' decimals='-3'>-0000</us-gaap:OtherOperatingIncome>
	<us-gaap:OtherOperatingIncome unitRef='USD' contextRef='Y12Q1' decimals='-3'>250000</us-gaap:OtherOperatingIncome>
	<us-gaap:OtherCostAndExpenseDisclosureOperating contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;font style=&quot;LINE-HEIGHT:115%&quot;&gt; &lt;p style=&quot;LINE-HEIGHT:115%; MARGIN:0in 0in 10pt&quot;&gt;&lt;strong&gt;7. Proceeds from litigation&lt;/strong&gt;&lt;/p&gt; &lt;p style=&quot;TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:&quot;&gt;During the three months ended March 31, 2011, $250 was received as a settlement of amounts due from a defendant in our litigation related to the &amp;#147;Theft of ClearOne&amp;#146;s Intellectual Property and related cases&amp;#148; described in detail in Form 10-K for the year ended&amp;nbsp; December 31, 2011. &lt;/p&gt; &lt;p style=&quot;LINE-HEIGHT:115%; MARGIN:0in 0in 10pt&quot;&gt;&lt;/p&gt;&lt;/font&gt;</us-gaap:OtherCostAndExpenseDisclosureOperating>
	<us-gaap:PropertyPlantAndEquipmentGross unitRef='USD' contextRef='E11' decimals='-3'>2338000</us-gaap:PropertyPlantAndEquipmentGross>
	<us-gaap:PropertyPlantAndEquipmentGross unitRef='USD' contextRef='E12Q1' decimals='-3'>2210000</us-gaap:PropertyPlantAndEquipmentGross>
	<us-gaap:IncomeTaxExpenseBenefit unitRef='USD' contextRef='Y11Q1' decimals='-3'>-409000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:IncomeTaxExpenseBenefit unitRef='USD' contextRef='Y12Q1' decimals='-3'>-274000</us-gaap:IncomeTaxExpenseBenefit>
	<us-gaap:ProvisionForDoubtfulAccounts unitRef='USD' contextRef='Y11Q1' decimals='-3'>-58000</us-gaap:ProvisionForDoubtfulAccounts>
	<us-gaap:ProvisionForDoubtfulAccounts unitRef='USD' contextRef='Y12Q1' decimals='-3'>-59000</us-gaap:ProvisionForDoubtfulAccounts>
	<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment unitRef='USD' contextRef='Y11Q1' decimals='-3'>-175000</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
	<us-gaap:PaymentsToAcquirePropertyPlantAndEquipment unitRef='USD' contextRef='Y12Q1' decimals='-3'>-65000</us-gaap:PaymentsToAcquirePropertyPlantAndEquipment>
	<us-gaap:AccountsReceivableNetCurrent unitRef='USD' contextRef='E11' decimals='-3'>8457000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:AccountsReceivableNetCurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>7100000</us-gaap:AccountsReceivableNetCurrent>
	<us-gaap:ResearchAndDevelopmentExpense unitRef='USD' contextRef='Y11Q1' decimals='-3'>-1637000</us-gaap:ResearchAndDevelopmentExpense>
	<us-gaap:ResearchAndDevelopmentExpense unitRef='USD' contextRef='Y12Q1' decimals='-3'>-2008000</us-gaap:ResearchAndDevelopmentExpense>
	<us-gaap:RetainedEarningsAccumulatedDeficit unitRef='USD' contextRef='E11' decimals='-3'>-418000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:RetainedEarningsAccumulatedDeficit unitRef='USD' contextRef='E12Q1' decimals='-3'>35000</us-gaap:RetainedEarningsAccumulatedDeficit>
	<us-gaap:SalesRevenueNet unitRef='USD' contextRef='Y11Q1' decimals='-3'>10701000</us-gaap:SalesRevenueNet>
	<us-gaap:SalesRevenueNet unitRef='USD' contextRef='Y12Q1' decimals='-3'>10154000</us-gaap:SalesRevenueNet>
	<us-gaap:SellingAndMarketingExpense unitRef='USD' contextRef='Y11Q1' decimals='-3'>-1983000</us-gaap:SellingAndMarketingExpense>
	<us-gaap:SellingAndMarketingExpense unitRef='USD' contextRef='Y12Q1' decimals='-3'>-2134000</us-gaap:SellingAndMarketingExpense>
	<us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&lt;b&gt;6.&amp;nbsp;&amp;nbsp;Shareholders&amp;#146; Equity&lt;/b&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The following table summarizes the change in shareholders&amp;#146; equity during the three months ended March 31, 2012 and 2011, respectively:&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;table width=&quot;451&quot; style=&quot;MARGIN:auto auto auto 5.4pt; WIDTH:337.9pt; BORDER-COLLAPSE:collapse&quot; cellpadding=&quot;0&quot; cellspacing=&quot;0&quot;&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;16&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;201&quot; colspan=&quot;3&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.6pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;Three months ended March 31,&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;16&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;&amp;nbsp;&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;2012&lt;/b&gt;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;TEXT-ALIGN:center; MARGIN:0in 0in 0pt&quot; align=&quot;center&quot;&gt;&lt;b&gt;2011&lt;/b&gt;&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Balance at the beginning of the period&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;16&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 39,664&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 31,735&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Net income during the period&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;16&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 453&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 812&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Stock based compensation&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;16&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 51&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 39&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Exercise of stock options&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;16&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; -&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 21&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt; &lt;tr style=&quot;PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in&quot;&gt; &lt;td width=&quot;234&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;Balance at end of the period&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;16&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;top&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 40,168&lt;/p&gt;&lt;/td&gt; &lt;td width=&quot;15&quot; style=&quot;BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt;&lt;/td&gt; &lt;td width=&quot;93&quot; style=&quot;BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in&quot; valign=&quot;bottom&quot;&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt&quot;&gt;&amp;nbsp;&amp;nbsp; $&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp; 32,607&lt;/p&gt;&lt;/td&gt;&lt;/tr&gt;&lt;/table&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
	<us-gaap:EmployeeBenefitsAndShareBasedCompensation unitRef='USD' contextRef='Y11Q1' decimals='-3'>39000</us-gaap:EmployeeBenefitsAndShareBasedCompensation>
	<us-gaap:EmployeeBenefitsAndShareBasedCompensation unitRef='USD' contextRef='Y12Q1' decimals='-3'>51000</us-gaap:EmployeeBenefitsAndShareBasedCompensation>
	<us-gaap:SubsequentEventsTextBlock contextRef='Y12Q1'>&lt;!--egx--&gt;&lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&lt;b&gt;10. Subsequent Events&lt;/b&gt;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;&amp;nbsp;&lt;/p&gt; &lt;p style=&quot;MARGIN:0in 0in 0pt&quot;&gt;The Company evaluated its consolidated financial statements as of and for the three months ended&amp;nbsp;March 31, 2012 for subsequent events through the date the financial statements were issued. The Company is not aware of any subsequent event which would require recognition or disclosure in the financial statements.&lt;/p&gt; &lt;p&gt;&amp;nbsp;&lt;/p&gt;</us-gaap:SubsequentEventsTextBlock>
	<us-gaap:Assets unitRef='USD' contextRef='E11' decimals='-3'>49559000</us-gaap:Assets>
	<us-gaap:Assets unitRef='USD' contextRef='E12Q1' decimals='-3'>49751000</us-gaap:Assets>
	<us-gaap:AssetsCurrent unitRef='USD' contextRef='E11' decimals='-3'>41432000</us-gaap:AssetsCurrent>
	<us-gaap:AssetsCurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>37023000</us-gaap:AssetsCurrent>
	<us-gaap:LiabilitiesCurrent unitRef='USD' contextRef='E11' decimals='-3'>8752000</us-gaap:LiabilitiesCurrent>
	<us-gaap:LiabilitiesCurrent unitRef='USD' contextRef='E12Q1' decimals='-3'>8405000</us-gaap:LiabilitiesCurrent>
	<us-gaap:Liabilities unitRef='USD' contextRef='E11' decimals='-3'>9895000</us-gaap:Liabilities>
	<us-gaap:Liabilities unitRef='USD' contextRef='E12Q1' decimals='-3'>9583000</us-gaap:Liabilities>
	<us-gaap:LiabilitiesAndStockholdersEquity unitRef='USD' contextRef='E11' decimals='-3'>49559000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:LiabilitiesAndStockholdersEquity unitRef='USD' contextRef='E12Q1' decimals='-3'>49751000</us-gaap:LiabilitiesAndStockholdersEquity>
	<us-gaap:OperatingExpenses unitRef='USD' contextRef='Y11Q1' decimals='-3'>5092000</us-gaap:OperatingExpenses>
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	<context id='E11Q1'>
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			<instant>2011-03-31</instant>
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	<unit id='USD'>
		<measure>iso4217:USD</measure>
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	<unit id='Shares'>
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<DOCUMENT>
<TYPE>EX-101.CAL
<SEQUENCE>8
<FILENAME>clro-20120331_cal.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version='1.0' encoding='iso-8859-1'?>
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<DOCUMENT>
<TYPE>EX-101.DEF
<SEQUENCE>9
<FILENAME>clro-20120331_def.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version='1.0' encoding='iso-8859-1'?>
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		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredIncomeTaxesAndTaxCredits' xlink:label='us-gaap_DeferredIncomeTaxesAndTaxCredits'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_DeferredIncomeTaxesAndTaxCredits' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets' xlink:label='us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable' xlink:label='us-gaap_IncreaseDecreaseInAccountsPayable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInAccountsPayable' use='optional' order='5.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable' xlink:label='us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable' use='optional' order='6.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities' xlink:label='us-gaap_IncreaseDecreaseInAccruedLiabilities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInAccruedLiabilities' use='optional' order='7.0'/>
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		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInDeferredRevenue' use='optional' order='8.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet' xlink:label='us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet' use='optional' order='9.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='us-gaap_NetCashProvidedByUsedInOperatingActivities' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired' xlink:label='us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired' use='optional' order='1.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' xlink:label='us-gaap_PaymentsToAcquirePropertyPlantAndEquipment'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='us-gaap_NetCashProvidedByUsedInInvestingActivities' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' use='optional' order='3.0'/>
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		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='us-gaap_NetCashProvidedByUsedInFinancingActivities' use='optional' order='2.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:label='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' use='optional' order='4.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:label='us-gaap_CashAndCashEquivalentsAtCarryingValue'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/domain-member' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_CashAndCashEquivalentsAtCarryingValue' use='optional' order='5.0'/>
		<link:definitionArc xlink:type='arc' xlink:arcrole='http://xbrl.org/int/dim/arcrole/all' xlink:from='us-gaap_StatementLineItems' xlink:to='us-gaap_StatementTable' order='0.5' xbrldt:contextElement='segment' use='optional'/>
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureBasisOfPresentation" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureBasisOfPresentation"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureBasisOfPresentation">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureBusinessCombinations" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureBusinessCombinations"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureBusinessCombinations">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureIntangibleAssetsGoodwillAndOther" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureIntangibleAssetsGoodwillAndOther"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureIntangibleAssetsGoodwillAndOther">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureInventories" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureInventories"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureInventories">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureShareBasedCompensation" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureShareBasedCompensation"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureShareBasedCompensation">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureShareholdersEquity" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureShareholdersEquity"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureShareholdersEquity">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureProceedsFromLitigation" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureProceedsFromLitigation"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureProceedsFromLitigation">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureIncomeTaxes" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureIncomeTaxes"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureIncomeTaxes">
	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureCommitmentsAndContingencies" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureCommitmentsAndContingencies"/>
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	</link:definitionLink>
	<link:roleRef roleURI="http://www.clearone.com/20120331/role/idr_DisclosureSubsequentEvents" xlink:type="simple" xlink:href="clro-20120331.xsd#idr_DisclosureSubsequentEvents"/>
	<link:definitionLink xlink:type="extended" xlink:role="http://www.clearone.com/20120331/role/idr_DisclosureSubsequentEvents">
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</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.LAB
<SEQUENCE>10
<FILENAME>clro-20120331_lab.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version='1.0' encoding='iso-8859-1'?>
<!-- Produced by EDGARsuite software, Advanced Computer Innovations, Inc., Copyright (C) 2008-2012. www.edgarsuite.com -->
<link:linkbase xmlns="http://www.xbrl.org/2003/linkbase"
		xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
		xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd"
		xmlns:fil="http://www.clearone.com/20120331"
		xmlns:link="http://www.xbrl.org/2003/linkbase"
		xmlns:xlink="http://www.w3.org/1999/xlink"
		xmlns:xbrldt="http://xbrl.org/2005/xbrldt"
		xmlns:xbrli="http://www.xbrl.org/2003/instance">
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedLabel" roleURI="http://www.xbrl.org/2009/role/negatedLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodEndLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodEndLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedPeriodStartLabel" roleURI="http://www.xbrl.org/2009/role/negatedPeriodStartLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTerseLabel" roleURI="http://www.xbrl.org/2009/role/negatedTerseLabel"/>
	<roleRef xlink:type="simple" xlink:href="http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd#negatedTotalLabel" roleURI="http://www.xbrl.org/2009/role/negatedTotalLabel"/>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccruedLiabilities' xlink:label='us-gaap_IncreaseDecreaseInAccruedLiabilities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInAccruedLiabilities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in accrued liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInAccruedLiabilities' xlink:to='lab_us-gaap_IncreaseDecreaseInAccruedLiabilities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets' xlink:label='us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in prepaid expense and other assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets' xlink:to='lab_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesIssued' xlink:label='us-gaap_CommonStockSharesIssued'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesIssued' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock, Shares Issued</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesIssued' xlink:to='lab_us-gaap_CommonStockSharesIssued'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityWellKnownSeasonedIssuer' xlink:label='dei_EntityWellKnownSeasonedIssuer'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityWellKnownSeasonedIssuer' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Well-known Seasoned Issuer</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityWellKnownSeasonedIssuer' xlink:to='lab_dei_EntityWellKnownSeasonedIssuer'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_SubsequentEvents1Abstract' xlink:label='fil_SubsequentEvents1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_SubsequentEvents1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Subsequent Events</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_SubsequentEvents1Abstract' xlink:to='lab_fil_SubsequentEvents1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNoteDisclosureTextBlock' xlink:label='us-gaap_StockholdersEquityNoteDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shareholders&apos; Equity Note Disclosure [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityNoteDisclosureTextBlock' xlink:to='lab_us-gaap_StockholdersEquityNoteDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net cash provided by (used in) financing activities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net cash provided by (used in) financing activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInFinancingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherLiabilitiesNoncurrent' xlink:label='us-gaap_OtherLiabilitiesNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherLiabilitiesNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other long-term liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherLiabilitiesNoncurrent' xlink:to='lab_us-gaap_OtherLiabilitiesNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PropertyPlantAndEquipmentGross' xlink:label='us-gaap_PropertyPlantAndEquipmentGross'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PropertyPlantAndEquipmentGross' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Property and equipment, net</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PropertyPlantAndEquipmentGross' xlink:to='lab_us-gaap_PropertyPlantAndEquipmentGross'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:label='us-gaap_CashAndCashEquivalentsAtCarryingValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash and cash equivalents</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:role='http://www.xbrl.org/2003/role/periodStartLabel' xml:lang='en-US'>Cash and cash equivalents at the beginning of the period</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:role='http://www.xbrl.org/2003/role/periodEndLabel' xml:lang='en-US'>Cash and cash equivalents at the end of the period</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CashAndCashEquivalentsAtCarryingValue' xlink:to='lab_us-gaap_CashAndCashEquivalentsAtCarryingValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementTable' xlink:label='us-gaap_StatementTable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StatementTable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Statement [Table]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StatementTable' xlink:to='lab_us-gaap_StatementTable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityPublicFloat' xlink:label='dei_EntityPublicFloat'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityPublicFloat' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Public Float</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityPublicFloat' xlink:to='lab_dei_EntityPublicFloat'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net Cash Provided by (Used in) Operating Activities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net Cash Provided by (Used in) Operating Activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInOperatingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProfitLoss' xlink:label='us-gaap_ProfitLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProfitLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProfitLoss' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Net income</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProfitLoss' xlink:to='lab_us-gaap_ProfitLoss'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract' xlink:label='us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shareholders&apos; equity:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract' xlink:to='lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Liabilities' xlink:label='us-gaap_Liabilities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Liabilities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total liabilities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Liabilities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Liabilities' xlink:to='lab_us-gaap_Liabilities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpenses' xlink:label='us-gaap_OperatingExpenses'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total operating expenses</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpenses' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total operating expenses</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingExpenses' xlink:to='lab_us-gaap_OperatingExpenses'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ResearchAndDevelopmentExpense' xlink:label='us-gaap_ResearchAndDevelopmentExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ResearchAndDevelopmentExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Research and product development</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ResearchAndDevelopmentExpense' xlink:role='http://www.xbrl.org/2009/role/negatedLabel' xml:lang='en-US'>Research and product development</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ResearchAndDevelopmentExpense' xlink:to='lab_us-gaap_ResearchAndDevelopmentExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentType' xlink:label='dei_DocumentType'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentType' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Type</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentType' xlink:to='lab_dei_DocumentType'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:label='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net increase in cash and cash equivalents</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net increase in cash and cash equivalents</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease' xlink:to='lab_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInInventories' xlink:label='us-gaap_IncreaseDecreaseInInventories'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInInventories' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in inventories</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInInventories' xlink:to='lab_us-gaap_IncreaseDecreaseInInventories'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxLiabilitiesNoncurrent' xlink:label='us-gaap_DeferredTaxLiabilitiesNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredTaxLiabilitiesNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred income taxes {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredTaxLiabilitiesNoncurrent' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Deferred income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredTaxLiabilitiesNoncurrent' xlink:to='lab_us-gaap_DeferredTaxLiabilitiesNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrent' xlink:label='us-gaap_LiabilitiesCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total current liabilities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesCurrent' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total current liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesCurrent' xlink:to='lab_us-gaap_LiabilitiesCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsNoncurrent' xlink:label='us-gaap_OtherAssetsNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherAssetsNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherAssetsNoncurrent' xlink:to='lab_us-gaap_OtherAssetsNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxExpenseBenefit' xlink:label='us-gaap_IncomeTaxExpenseBenefit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxExpenseBenefit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Provision (benefit) for income taxes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxExpenseBenefit' xlink:role='http://www.xbrl.org/2009/role/negatedLabel' xml:lang='en-US'>Provision (benefit) for income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeTaxExpenseBenefit' xlink:to='lab_us-gaap_IncomeTaxExpenseBenefit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GrossProfit' xlink:label='us-gaap_GrossProfit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GrossProfit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Gross profit</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GrossProfit' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Gross profit</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GrossProfit' xlink:to='lab_us-gaap_GrossProfit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentDescription' xlink:label='dei_AmendmentDescription'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_AmendmentDescription' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Amendment Description</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_AmendmentDescription' xlink:to='lab_dei_AmendmentDescription'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_DocumentAndEntityInformation' xlink:label='fil_DocumentAndEntityInformation'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_DocumentAndEntityInformation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document and Entity Information</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_DocumentAndEntityInformation' xlink:to='lab_fil_DocumentAndEntityInformation'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_BusinessCombinationDisclosureTextBlock' xlink:label='us-gaap_BusinessCombinationDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_BusinessCombinationDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Business Combination Disclosure [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_BusinessCombinationDisclosureTextBlock' xlink:to='lab_us-gaap_BusinessCombinationDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_OrganizationConsolidationAndPresentationOfFinancialStatements1Abstract' xlink:label='fil_OrganizationConsolidationAndPresentationOfFinancialStatements1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OrganizationConsolidationAndPresentationOfFinancialStatements1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basis of Presentation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OrganizationConsolidationAndPresentationOfFinancialStatements1Abstract' xlink:to='lab_fil_OrganizationConsolidationAndPresentationOfFinancialStatements1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable' xlink:label='us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in income taxes payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable' xlink:to='lab_us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProvisionForDoubtfulAccounts' xlink:label='us-gaap_ProvisionForDoubtfulAccounts'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProvisionForDoubtfulAccounts' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Provision for Doubtful Accounts</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProvisionForDoubtfulAccounts' xlink:to='lab_us-gaap_ProvisionForDoubtfulAccounts'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfCashFlowsAbstract' xlink:label='us-gaap_StatementOfCashFlowsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StatementOfCashFlowsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Statement of Cash Flows</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StatementOfCashFlowsAbstract' xlink:to='lab_us-gaap_StatementOfCashFlowsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesOutstanding' xlink:label='us-gaap_CommonStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock, Shares Outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesOutstanding' xlink:to='lab_us-gaap_CommonStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityVoluntaryFilers' xlink:label='dei_EntityVoluntaryFilers'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityVoluntaryFilers' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Voluntary Filers</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityVoluntaryFilers' xlink:to='lab_dei_EntityVoluntaryFilers'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_CompensationRelatedCostsShareBasedPaymentsAbstract' xlink:label='fil_CompensationRelatedCostsShareBasedPaymentsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CompensationRelatedCostsShareBasedPaymentsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Share Based Compensation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CompensationRelatedCostsShareBasedPaymentsAbstract' xlink:to='lab_fil_CompensationRelatedCostsShareBasedPaymentsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash flows from financing activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdditionalPaidInCapitalCommonStock' xlink:label='us-gaap_AdditionalPaidInCapitalCommonStock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AdditionalPaidInCapitalCommonStock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Additional paid in capital</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AdditionalPaidInCapitalCommonStock' xlink:to='lab_us-gaap_AdditionalPaidInCapitalCommonStock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccruedLiabilitiesCurrent' xlink:label='us-gaap_AccruedLiabilitiesCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccruedLiabilitiesCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accrued Liabilities {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccruedLiabilitiesCurrent' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Accrued Liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccruedLiabilitiesCurrent' xlink:to='lab_us-gaap_AccruedLiabilitiesCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsPayableCurrent' xlink:label='us-gaap_AccountsPayableCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsPayableCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Accounts Payable {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsPayableCurrent' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Accounts Payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccountsPayableCurrent' xlink:to='lab_us-gaap_AccountsPayableCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrent' xlink:label='us-gaap_AssetsCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total current assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsCurrent' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total current assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AssetsCurrent' xlink:to='lab_us-gaap_AssetsCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CostOfGoodsSold' xlink:label='us-gaap_CostOfGoodsSold'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CostOfGoodsSold' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cost of goods sold</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CostOfGoodsSold' xlink:to='lab_us-gaap_CostOfGoodsSold'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityRegistrantName' xlink:label='dei_EntityRegistrantName'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityRegistrantName' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Registrant Name</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityRegistrantName' xlink:to='lab_dei_EntityRegistrantName'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_CommitmentAndContingenciesAbstract' xlink:label='fil_CommitmentAndContingenciesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommitmentAndContingenciesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Commitments and Contingencies {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_CommitmentAndContingenciesAbstract' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Commitments and Contingencies</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_CommitmentAndContingenciesAbstract' xlink:to='lab_fil_CommitmentAndContingenciesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeTaxDisclosureTextBlock' xlink:label='us-gaap_IncomeTaxDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeTaxDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income Tax Disclosure [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeTaxDisclosureTextBlock' xlink:to='lab_us-gaap_IncomeTaxDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash flows from operating activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityNumberOfSharesParValueAndOtherDisclosuresAbstract' xlink:label='us-gaap_StockholdersEquityNumberOfSharesParValueAndOtherDisclosuresAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityNumberOfSharesParValueAndOtherDisclosuresAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Stockholders&apos; Equity, Number of Shares, Par Value and Other Disclosures</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityNumberOfSharesParValueAndOtherDisclosuresAbstract' xlink:to='lab_us-gaap_StockholdersEquityNumberOfSharesParValueAndOtherDisclosuresAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentPeriodEndDate' xlink:label='dei_DocumentPeriodEndDate'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentPeriodEndDate' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Period End Date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentPeriodEndDate' xlink:to='lab_dei_DocumentPeriodEndDate'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest' xlink:label='us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total shareholders&apos; equity</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total shareholders&apos; equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest' xlink:to='lab_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:label='us-gaap_LiabilitiesAndStockholdersEquityAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>LIABILITIES AND SHAREHOLDERS&apos; EQUITY</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesAndStockholdersEquityAbstract' xlink:to='lab_us-gaap_LiabilitiesAndStockholdersEquityAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredTaxAssetsGrossCurrent' xlink:label='us-gaap_DeferredTaxAssetsGrossCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredTaxAssetsGrossCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredTaxAssetsGrossCurrent' xlink:to='lab_us-gaap_DeferredTaxAssetsGrossCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AccountsReceivableNetCurrent' xlink:label='us-gaap_AccountsReceivableNetCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AccountsReceivableNetCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Receivables net of allowance for doubtful accounts</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AccountsReceivableNetCurrent' xlink:to='lab_us-gaap_AccountsReceivableNetCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetIncomeLoss' xlink:label='us-gaap_NetIncomeLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net income</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net income</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetIncomeLoss' xlink:to='lab_us-gaap_NetIncomeLoss'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:label='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income before income taxes</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Income before income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest' xlink:to='lab_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncomeStatementAbstract' xlink:label='us-gaap_IncomeStatementAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncomeStatementAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income Statement</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncomeStatementAbstract' xlink:to='lab_us-gaap_IncomeStatementAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag' xlink:label='dei_AmendmentFlag'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_AmendmentFlag' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Amendment Flag</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_AmendmentFlag' xlink:to='lab_dei_AmendmentFlag'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:label='us-gaap_CommitmentsAndContingenciesDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Commitments and Contingencies Disclosure [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommitmentsAndContingenciesDisclosureTextBlock' xlink:to='lab_us-gaap_CommitmentsAndContingenciesDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_InventoryAbstract' xlink:label='fil_InventoryAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventories {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_InventoryAbstract' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Inventories</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_InventoryAbstract' xlink:to='lab_fil_InventoryAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:label='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Adjustments to reconcile net income to cash provided by (used in) operating activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract' xlink:to='lab_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesCurrentAbstract' xlink:label='us-gaap_LiabilitiesCurrentAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesCurrentAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current Liabilities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesCurrentAbstract' xlink:to='lab_us-gaap_LiabilitiesCurrentAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNet' xlink:label='us-gaap_InventoryNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventories</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryNet' xlink:to='lab_us-gaap_InventoryNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding' xlink:label='us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Diluted weighted average Number of shares outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding' xlink:to='lab_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherOperatingIncomeExpenseNet' xlink:label='us-gaap_OtherOperatingIncomeExpenseNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherOperatingIncomeExpenseNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Other income (expense), net</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherOperatingIncomeExpenseNet' xlink:to='lab_us-gaap_OtherOperatingIncomeExpenseNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_CurrentFiscalYearEndDate' xlink:label='dei_CurrentFiscalYearEndDate'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_CurrentFiscalYearEndDate' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current Fiscal Year End Date</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_CurrentFiscalYearEndDate' xlink:to='lab_dei_CurrentFiscalYearEndDate'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SubsequentEventsTextBlock' xlink:label='us-gaap_SubsequentEventsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SubsequentEventsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Subsequent Events [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SubsequentEventsTextBlock' xlink:to='lab_us-gaap_SubsequentEventsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_IncomeTaxesAbstract' xlink:label='fil_IncomeTaxesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IncomeTaxesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Income Taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IncomeTaxesAbstract' xlink:to='lab_fil_IncomeTaxesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryWriteDown' xlink:label='us-gaap_InventoryWriteDown'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryWriteDown' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Increase (decrease) in reserves against inventory</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryWriteDown' xlink:to='lab_us-gaap_InventoryWriteDown'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SalesRevenueNet' xlink:label='us-gaap_SalesRevenueNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SalesRevenueNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Revenue, net</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SalesRevenueNet' xlink:to='lab_us-gaap_SalesRevenueNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCurrentReportingStatus' xlink:label='dei_EntityCurrentReportingStatus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCurrentReportingStatus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Current Reporting Status</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCurrentReportingStatus' xlink:to='lab_dei_EntityCurrentReportingStatus'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_Equity1Abstract' xlink:label='fil_Equity1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_Equity1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Shareholders&apos; Equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_Equity1Abstract' xlink:to='lab_fil_Equity1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Net Cash used in investing activities</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Net Cash used in investing activities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivities' xlink:to='lab_us-gaap_NetCashProvidedByUsedInInvestingActivities'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInDeferredRevenue' xlink:label='us-gaap_IncreaseDecreaseInDeferredRevenue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInDeferredRevenue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in deferred product revenue</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInDeferredRevenue' xlink:to='lab_us-gaap_IncreaseDecreaseInDeferredRevenue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsCurrentAbstract' xlink:label='us-gaap_AssetsCurrentAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsCurrentAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Current assets:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AssetsCurrentAbstract' xlink:to='lab_us-gaap_AssetsCurrentAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_AssetsAbstract' xlink:label='us-gaap_AssetsAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_AssetsAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>ASSETS</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_AssetsAbstract' xlink:to='lab_us-gaap_AssetsAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCentralIndexKey' xlink:label='dei_EntityCentralIndexKey'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCentralIndexKey' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Central Index Key</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCentralIndexKey' xlink:to='lab_dei_EntityCentralIndexKey'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock' xlink:label='us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Disclosure of Share Based Compensation [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock' xlink:to='lab_us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock' xlink:label='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basis of Presentation [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock' xlink:to='lab_us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired' xlink:label='us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Payment towards acquisition of VCON business</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired' xlink:to='lab_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:label='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Changes in operating assets and liabilities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInOperatingCapitalAbstract' xlink:to='lab_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_RetainedEarningsAccumulatedDeficit' xlink:label='us-gaap_RetainedEarningsAccumulatedDeficit'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_RetainedEarningsAccumulatedDeficit' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Retained earnings (accumulated deficit)</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_RetainedEarningsAccumulatedDeficit' xlink:to='lab_us-gaap_RetainedEarningsAccumulatedDeficit'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_SellingAndMarketingExpense' xlink:label='us-gaap_SellingAndMarketingExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SellingAndMarketingExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Sales and marketing</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_SellingAndMarketingExpense' xlink:role='http://www.xbrl.org/2009/role/negatedLabel' xml:lang='en-US'>Sales and marketing</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_SellingAndMarketingExpense' xlink:to='lab_us-gaap_SellingAndMarketingExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalYearFocus' xlink:label='dei_DocumentFiscalYearFocus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentFiscalYearFocus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Fiscal Year Focus</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentFiscalYearFocus' xlink:to='lab_dei_DocumentFiscalYearFocus'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredIncomeTaxesAndTaxCredits' xlink:label='us-gaap_DeferredIncomeTaxesAndTaxCredits'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredIncomeTaxesAndTaxCredits' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Chane in deferred income taxes</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredIncomeTaxesAndTaxCredits' xlink:to='lab_us-gaap_DeferredIncomeTaxesAndTaxCredits'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockSharesAuthorized' xlink:label='us-gaap_CommonStockSharesAuthorized'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockSharesAuthorized' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common Stock, Shares Authorized</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockSharesAuthorized' xlink:to='lab_us-gaap_CommonStockSharesAuthorized'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryNoncurrent' xlink:label='us-gaap_InventoryNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Long-term inventories, net</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryNoncurrent' xlink:to='lab_us-gaap_InventoryNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherAssetsCurrent' xlink:label='us-gaap_OtherAssetsCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherAssetsCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Prepaid Expenses and other assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherAssetsCurrent' xlink:to='lab_us-gaap_OtherAssetsCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareDiluted' xlink:label='us-gaap_EarningsPerShareDiluted'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareDiluted' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Diluted Earnings per common share</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareDiluted' xlink:to='lab_us-gaap_EarningsPerShareDiluted'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingIncomeLoss' xlink:label='us-gaap_OperatingIncomeLoss'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingIncomeLoss' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Operating income</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingIncomeLoss' xlink:to='lab_us-gaap_OperatingIncomeLoss'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_IntangibleAssetsGoodwillAndOtherAbstract' xlink:label='fil_IntangibleAssetsGoodwillAndOtherAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_IntangibleAssetsGoodwillAndOtherAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Intangible Assets, Goodwill and Other</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_IntangibleAssetsGoodwillAndOtherAbstract' xlink:to='lab_fil_IntangibleAssetsGoodwillAndOtherAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' xlink:label='us-gaap_PaymentsToAcquirePropertyPlantAndEquipment'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Purchase of property and equipment</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_PaymentsToAcquirePropertyPlantAndEquipment' xlink:to='lab_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet' xlink:label='us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in other long-term liabilities</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet' xlink:to='lab_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EmployeeBenefitsAndShareBasedCompensation' xlink:label='us-gaap_EmployeeBenefitsAndShareBasedCompensation'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EmployeeBenefitsAndShareBasedCompensation' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Stock-based Compensation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EmployeeBenefitsAndShareBasedCompensation' xlink:to='lab_us-gaap_EmployeeBenefitsAndShareBasedCompensation'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherDepreciationAndAmortization' xlink:label='us-gaap_OtherDepreciationAndAmortization'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherDepreciationAndAmortization' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Depreciation and Amortization</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherDepreciationAndAmortization' xlink:to='lab_us-gaap_OtherDepreciationAndAmortization'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_CommonStockValue' xlink:label='us-gaap_CommonStockValue'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_CommonStockValue' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Common stock</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_CommonStockValue' xlink:to='lab_us-gaap_CommonStockValue'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredRevenueCurrent' xlink:label='us-gaap_DeferredRevenueCurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredRevenueCurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred product revenue</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredRevenueCurrent' xlink:to='lab_us-gaap_DeferredRevenueCurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IntangibleAssetsNetExcludingGoodwill' xlink:label='us-gaap_IntangibleAssetsNetExcludingGoodwill'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IntangibleAssetsNetExcludingGoodwill' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Intangible assets, net</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IntangibleAssetsNetExcludingGoodwill' xlink:to='lab_us-gaap_IntangibleAssetsNetExcludingGoodwill'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Goodwill' xlink:label='us-gaap_Goodwill'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Goodwill' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Goodwill</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Goodwill' xlink:to='lab_us-gaap_Goodwill'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementOfFinancialPositionAbstract' xlink:label='us-gaap_StatementOfFinancialPositionAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StatementOfFinancialPositionAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Balance Sheets - Parenthetical</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StatementOfFinancialPositionAbstract' xlink:to='lab_us-gaap_StatementOfFinancialPositionAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_WeightedAverageNumberOfSharesOutstandingBasic' xlink:label='us-gaap_WeightedAverageNumberOfSharesOutstandingBasic'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basic weighted average number of shares outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_WeightedAverageNumberOfSharesOutstandingBasic' xlink:to='lab_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GeneralAndAdministrativeExpense' xlink:label='us-gaap_GeneralAndAdministrativeExpense'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GeneralAndAdministrativeExpense' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>General and administrative</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GeneralAndAdministrativeExpense' xlink:role='http://www.xbrl.org/2009/role/negatedLabel' xml:lang='en-US'>General and administrative</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GeneralAndAdministrativeExpense' xlink:to='lab_us-gaap_GeneralAndAdministrativeExpense'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityFilerCategory' xlink:label='dei_EntityFilerCategory'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityFilerCategory' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Filer Category</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityFilerCategory' xlink:to='lab_dei_EntityFilerCategory'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherCostAndExpenseDisclosureOperating' xlink:label='us-gaap_OtherCostAndExpenseDisclosureOperating'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherCostAndExpenseDisclosureOperating' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from litigation {2}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherCostAndExpenseDisclosureOperating' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Proceeds from litigation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherCostAndExpenseDisclosureOperating' xlink:to='lab_us-gaap_OtherCostAndExpenseDisclosureOperating'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_BusinessCombinations1Abstract' xlink:label='fil_BusinessCombinations1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_BusinessCombinations1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Business Combinations</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_BusinessCombinations1Abstract' xlink:to='lab_fil_BusinessCombinations1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:label='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Cash flows from investing activities:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract' xlink:to='lab_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_Assets' xlink:label='us-gaap_Assets'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Assets' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total assets</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_Assets' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total assets</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_Assets' xlink:to='lab_us-gaap_Assets'/>
		<link:loc xlink:type='locator' xlink:href='clro-20120331.xsd#fil_OtherIncomeAndExpenses1Abstract' xlink:label='fil_OtherIncomeAndExpenses1Abstract'/>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncomeAndExpenses1Abstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from litigation {1}</link:label>
		<link:label xlink:type='resource' xlink:label='lab_fil_OtherIncomeAndExpenses1Abstract' xlink:role='http://www.xbrl.org/2003/role/terseLabel' xml:lang='en-US'>Proceeds from litigation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='fil_OtherIncomeAndExpenses1Abstract' xlink:to='lab_fil_OtherIncomeAndExpenses1Abstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_InventoryDisclosureTextBlock' xlink:label='us-gaap_InventoryDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_InventoryDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Inventories Disclosure [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_InventoryDisclosureTextBlock' xlink:to='lab_us-gaap_InventoryDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock' xlink:label='us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Intangibles and Goodwill Disclosure [Text Block]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock' xlink:to='lab_us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions' xlink:label='us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from issuance of common stock - options</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions' xlink:to='lab_us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_LiabilitiesAndStockholdersEquity' xlink:label='us-gaap_LiabilitiesAndStockholdersEquity'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAndStockholdersEquity' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Total liabilities and shareholders&apos; equity</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_LiabilitiesAndStockholdersEquity' xlink:role='http://www.xbrl.org/2003/role/totalLabel' xml:lang='en-US'>Total liabilities and shareholders&apos; equity</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_LiabilitiesAndStockholdersEquity' xlink:to='lab_us-gaap_LiabilitiesAndStockholdersEquity'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_DeferredRentCreditNoncurrent' xlink:label='us-gaap_DeferredRentCreditNoncurrent'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_DeferredRentCreditNoncurrent' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Deferred rent</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_DeferredRentCreditNoncurrent' xlink:to='lab_us-gaap_DeferredRentCreditNoncurrent'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OperatingExpensesAbstract' xlink:label='us-gaap_OperatingExpensesAbstract'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OperatingExpensesAbstract' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Operating expense:</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OperatingExpensesAbstract' xlink:to='lab_us-gaap_OperatingExpensesAbstract'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_StatementLineItems' xlink:label='us-gaap_StatementLineItems'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_StatementLineItems' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Statement [Line Items]</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_StatementLineItems' xlink:to='lab_us-gaap_StatementLineItems'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_EntityCommonStockSharesOutstanding' xlink:label='dei_EntityCommonStockSharesOutstanding'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_EntityCommonStockSharesOutstanding' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Entity Common Stock, Shares Outstanding</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_EntityCommonStockSharesOutstanding' xlink:to='lab_dei_EntityCommonStockSharesOutstanding'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInAccountsPayable' xlink:label='us-gaap_IncreaseDecreaseInAccountsPayable'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInAccountsPayable' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in accounts payable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInAccountsPayable' xlink:to='lab_us-gaap_IncreaseDecreaseInAccountsPayable'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_IncreaseDecreaseInReceivables' xlink:label='us-gaap_IncreaseDecreaseInReceivables'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_IncreaseDecreaseInReceivables' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Change in accounts receivable</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_IncreaseDecreaseInReceivables' xlink:to='lab_us-gaap_IncreaseDecreaseInReceivables'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_EarningsPerShareBasic' xlink:label='us-gaap_EarningsPerShareBasic'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_EarningsPerShareBasic' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Basic Earnings per common shares</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_EarningsPerShareBasic' xlink:to='lab_us-gaap_EarningsPerShareBasic'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.fasb.org/us-gaap/2011/elts/us-gaap-2011-01-31.xsd#us-gaap_OtherOperatingIncome' xlink:label='us-gaap_OtherOperatingIncome'/>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherOperatingIncome' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Proceeds from litigation</link:label>
		<link:label xlink:type='resource' xlink:label='lab_us-gaap_OtherOperatingIncome' xlink:role='http://www.xbrl.org/2009/role/negatedLabel' xml:lang='en-US'>Proceeds from litigation</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='us-gaap_OtherOperatingIncome' xlink:to='lab_us-gaap_OtherOperatingIncome'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_DocumentFiscalPeriodFocus' xlink:label='dei_DocumentFiscalPeriodFocus'/>
		<link:label xlink:type='resource' xlink:label='lab_dei_DocumentFiscalPeriodFocus' xlink:role='http://www.xbrl.org/2003/role/label' xml:lang='en-US'>Document Fiscal Period Focus</link:label>
		<link:labelArc order='1.0' xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/concept-label' xlink:from='dei_DocumentFiscalPeriodFocus' xlink:to='lab_dei_DocumentFiscalPeriodFocus'/>
	</link:labelLink>
</link:linkbase>
</XBRL>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-101.PRE
<SEQUENCE>11
<FILENAME>clro-20120331_pre.xml
<DESCRIPTION>XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT
<TEXT>
<XBRL>
<?xml version='1.0' encoding='iso-8859-1'?>
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		<link:presentationArc xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/parent-child' xlink:from='fil_DocumentAndEntityInformation' xlink:to='dei_DocumentType' use='optional' order='2.0'/>
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		<link:presentationArc xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/parent-child' xlink:from='fil_DocumentAndEntityInformation' xlink:to='dei_DocumentPeriodEndDate' use='optional' order='3.0'/>
		<link:loc xlink:type='locator' xlink:href='http://xbrl.sec.gov/dei/2011/dei-2011-01-31.xsd#dei_AmendmentFlag' xlink:label='dei_AmendmentFlag'/>
		<link:presentationArc xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/parent-child' xlink:from='fil_DocumentAndEntityInformation' xlink:to='dei_AmendmentFlag' use='optional' order='4.0'/>
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		<link:presentationArc xlink:type='arc' xlink:arcrole='http://www.xbrl.org/2003/arcrole/parent-child' xlink:from='fil_DocumentAndEntityInformation' xlink:to='dei_CurrentFiscalYearEndDate' use='optional' order='6.0'/>
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        <td class="text"><!--egx--><p style="MARGIN:0in 0in 0pt"><b>5.&nbsp;&nbsp;Share-based Compensation</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Share-based compensation expense has been allocated as follows:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p></p> <table width="423" style="MARGIN:auto auto auto 5.4pt; WIDTH:317.1pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="201" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="21" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">&nbsp;</p></td> <td width="201" colspan="3" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.6pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>Three months ended March 31,</b></p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="201" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="21" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>2012</b></p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>2011</b></p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="201" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Cost of goods sold</p></td> <td width="21" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="201" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Sales and marketing</p></td> <td width="21" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="201" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Research and development</p></td> <td width="21" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="201" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">General and administrative</p></td> <td width="21" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="201" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:150.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="21" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:15.7pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39</p></td></tr></table> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt"><font style="LINE-HEIGHT:115%">As of&nbsp;March 31, 2012 the total remaining unrecognized compensation cost related to non-vested stock options, net of forfeitures, was approximately $530.</font></p> <p>During the three months ended March 31, 2012 and 2011, we granted 30,000 and 0 stock options respectively. We use judgment in determining the fair value of the share-based payments on the date of grant using an option-pricing model with assumptions regarding a number of highly complex and subjective variables.&nbsp;&nbsp;These variables include the risk-free interest rate of the awards, the expected life of the awards, the expected volatility over the term of the awards, the expected dividends of the awards, and an estimate of the amount of awards that are expected to be forfeited.&nbsp;&nbsp;We use the Black-Scholes option pricing model to determine the fair value of share-based payments granted under ASC Topic 718.</p><span></span></td>
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                <p>The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5444-113901<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Statement of Position (SOP)<br><br> -Number 93-6<br><br> -Paragraph 53<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Staff Accounting Bulletin (SAB)<br><br> -Number Topic 14<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph 64, 65, A240<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 40<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6418621&amp;loc=d3e17540-113929<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5047-113901<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 505<br><br> -SubTopic 50<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6406099&amp;loc=d3e25284-112666<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6415400&amp;loc=d3e5070-113901<br><br><br><br></p>
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<TEXT>
<html>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Inventories<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2012</div>
        </th>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_InventoryAbstract', window );"><strong>Inventories {1}</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryDisclosureTextBlock', window );">Inventories Disclosure [Text Block]</a></td>
        <td class="text"><!--egx--><p style="MARGIN:0in 0in 0pt"><b>4. &nbsp;Inventories</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Inventories, net of reserves, consisted of the following:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt"></p> <table width="411" style="MARGIN:auto auto auto 5.4pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="118" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>As of </b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>March 31, 2012</b></p></td> <td width="118" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>As of </b></p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>December 31, 2011</b></p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Current:</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:10pt; MARGIN:0in 0in 0pt">Raw materials</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 927</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,091</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:10pt; MARGIN:0in 0in 0pt">Finished goods</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13,548</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11,474</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="118" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14,475</p></td> <td width="118" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12,565</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Long-term:</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:10pt; MARGIN:0in 0in 0pt">Raw materials</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 827</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 444</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-INDENT:10pt; MARGIN:0in 0in 0pt">Finished goods</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,622</p></td> <td width="118" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,461</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="118" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,449</p></td> <td width="118" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:88.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 71.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,905</p></td></tr></table> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Long-term inventory represents inventory held in excess of our current requirements based on our recent sales and forecasted level of sales. We expect to sell the above inventory, net of reserves, at or above the stated cost and believe that no loss will be incurred on its sale.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Current finished goods include consigned inventory in the amounts of approximately $1,441 and $1,199 as of&nbsp;March 31, 2012 and December 31, 2011, respectively. Consigned inventory represents inventory at distributors and other customers where revenue recognition criteria have not been achieved.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During the three months ended March 31, 2012, losses amounting to $90 were incurred on valuation of inventory at lower of cost or market value and write-off of obsolete inventory. </p><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                <p>The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.6)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 3<br><br> -Section A<br><br> -Paragraph 9<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 6<br><br> -Subparagraph a, b, c<br><br> -Article 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361739&amp;loc=d3e7789-107766<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EUQAE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>ClearOne Communications, Inc. - Consolidated Statement of Operations (USD $)<br>In Thousands, except Share data, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2012</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2011</div>
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      </tr>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SalesRevenueNet', window );">Revenue, net</a></td>
        <td class="nump">$ 10,154<span></span></td>
        <td class="nump">$ 10,701<span></span></td>
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        <td class="nump">4,046<span></span></td>
        <td class="nump">4,399<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GrossProfit', window );">Gross profit</a></td>
        <td class="nump">6,108<span></span></td>
        <td class="nump">6,302<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpensesAbstract', window );"><strong>Operating expense:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_SellingAndMarketingExpense', window );">Sales and marketing</a></td>
        <td class="nump">2,134<span></span></td>
        <td class="nump">1,983<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ResearchAndDevelopmentExpense', window );">Research and product development</a></td>
        <td class="nump">2,008<span></span></td>
        <td class="nump">1,637<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_GeneralAndAdministrativeExpense', window );">General and administrative</a></td>
        <td class="nump">1,505<span></span></td>
        <td class="nump">1,472<span></span></td>
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        <td class="num">(250)<span></span></td>
        <td class="nump">0<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingExpenses', window );">Total operating expenses</a></td>
        <td class="nump">5,397<span></span></td>
        <td class="nump">5,092<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OperatingIncomeLoss', window );">Operating income</a></td>
        <td class="nump">711<span></span></td>
        <td class="nump">1,210<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherOperatingIncomeExpenseNet', window );">Other income (expense), net</a></td>
        <td class="nump">16<span></span></td>
        <td class="nump">11<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest', window );">Income before income taxes</a></td>
        <td class="nump">727<span></span></td>
        <td class="nump">1,221<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncomeTaxExpenseBenefit', window );">Provision (benefit) for income taxes</a></td>
        <td class="nump">274<span></span></td>
        <td class="nump">409<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetIncomeLoss', window );">Net income</a></td>
        <td class="nump">$ 453<span></span></td>
        <td class="nump">$ 812<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareBasic', window );">Basic Earnings per common shares</a></td>
        <td class="nump">$ 0.05<span></span></td>
        <td class="nump">$ 0.09<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EarningsPerShareDiluted', window );">Diluted Earnings per common share</a></td>
        <td class="nump">$ 0.05<span></span></td>
        <td class="nump">$ 0.09<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic', window );">Basic weighted average number of shares outstanding</a></td>
        <td class="nump">9,098,152<span></span></td>
        <td class="nump">8,931,504<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding', window );">Diluted weighted average Number of shares outstanding</a></td>
        <td class="nump">9,246,310<span></span></td>
        <td class="nump">9,122,671<span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total costs related to goods produced and sold during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 2<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2(a))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 52<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6945512&amp;loc=d3e4984-109258<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 20<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 7<br><br> -Paragraph 18<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 942<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.9-04.23)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879574&amp;loc=d3e536633-122882<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 36, 37, 38<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareBasic</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EarningsPerShareDiluted">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 11, 12, 36<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.21)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 20<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1252-109256<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Article 7<br><br> -Paragraph 18<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 21<br><br> -Article 9<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EarningsPerShareDiluted</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>num:perShareItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GeneralAndAdministrativeExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.4)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GeneralAndAdministrativeExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_GrossProfit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1,2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_GrossProfit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This element represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses from ongoing operations, after income or loss from equity method investments, but before income taxes, extraordinary items, and noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 10<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncomeTaxExpenseBenefit">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Income Tax Expense (or Benefit)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6515339<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 740<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 9<br><br> -Subparagraph (a),(b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32639-109319<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 08<br><br> -Paragraph h<br><br> -Article 4<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 109<br><br> -Paragraph 45<br><br> -Subparagraph a, b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 235<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.4-08.(h))<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6881521&amp;loc=d3e23780-122690<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncomeTaxExpenseBenefit</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.22)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.18)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 220<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 6<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920043&amp;loc=d3e565-108580<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A7<br><br> -Appendix A<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 130<br><br> -Paragraph 10, 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Other Comprehensive Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6519514<br><br><br><br>Reference 10: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph d<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 11: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 87-21<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 12: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Net Income<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6518256<br><br><br><br>Reference 13: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 944<br><br> -SubTopic 225<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.7-04.19)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6879464&amp;loc=d3e573970-122913<br><br><br><br>Reference 14: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 19<br><br><br><br>Reference 15: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28, 29, 30<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 16: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 04<br><br> -Paragraph 20<br><br> -Article 9<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpenses">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingExpenses</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingExpensesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingExpensesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OperatingIncomeLoss">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net result for the period of deducting operating expenses from operating revenues.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OperatingIncomeLoss</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherOperatingIncome">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The total amount of other operating income, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operation.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherOperatingIncome</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherOperatingIncomeExpenseNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net amount of other operating income and expenses, the components of which are not separately disclosed on the income statement, from items that are associated with the entity's normal revenue producing operations.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherOperatingIncomeExpenseNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_ResearchAndDevelopmentExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 985<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6501960&amp;loc=d3e128462-111756<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 730<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6420194&amp;loc=d3e21568-108373<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 141<br><br> -Paragraph 51<br><br> -Subparagraph g<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 2<br><br> -Paragraph 12, 13<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 86<br><br> -Paragraph 11, 12<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_ResearchAndDevelopmentExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SalesRevenueNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total revenue from sale of goods and services rendered during the reporting period, in the normal course of business, reduced by sales returns and allowances, and sales discounts.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 1<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SalesRevenueNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_SellingAndMarketingExpense">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The aggregate total amount of expenses directly related to the marketing or selling of products or services.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_SellingAndMarketingExpense</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 16<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1505-109256<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 40<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_WeightedAverageNumberOfSharesOutstandingBasic">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6371337&amp;loc=d3e3550-109257<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 260<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 10<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6920599&amp;loc=d3e1448-109256<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 171<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Weighted-Average Number of Common Shares Outstanding<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6528421<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 40<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 128<br><br> -Paragraph 8<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Emerging Issues Task Force (EITF)<br><br> -Number 07-4<br><br> -Paragraph 4<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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                    <td>na</td>
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                    <td>duration</td>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
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          <div style="width: 200px;"><strong>Business Combinations<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2012</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_BusinessCombinations1Abstract', window );"><strong>Business Combinations</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_BusinessCombinationDisclosureTextBlock', window );">Business Combination Disclosure [Text Block]</a></td>
        <td class="text"><!--egx--><p style="MARGIN:0in 0in 0pt">2.&nbsp;&nbsp;Business Combination</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">On February 16, 2012, the Company completed the acquisition of the video conferencing business of Israel based VCON Video Conferencing, Ltd. (&#147;VCON&#148;) through an asset purchase agreement. VCON is a pioneer in software based video conferencing solutions with product offerings that include group video conferencing endpoints, desktop video conferencing endpoints, video conferencing infrastructure solutions and software development kits. This acquisition and the combination of streaming and digital signage technologies will provide us with complimentary technology opportunities allowing us to enter new growth markets. </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Pursuant to the asset purchase agreement, the Company paid initial consideration of $4,632 in cash. This initial consideration is subject to a final working capital adjustment.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The estimated fair values of assets acquired and liabilities assumed are provisional and are based on the information that was available as of the acquisition date to estimate the fair value of assets acquired and liabilities assumed. The Company believes that such information provides a reasonable basis for estimating the fair values of assets acquired and liabilities assumed, but the Company is waiting for additional information necessary to finalize those fair values. The measurement period for purchase price allocation ends as soon as information on the facts and circumstances becomes available, but will not exceed twelve months from the date of acquisition. Adjustments in the purchase price allocation may require a recasting of the amounts allocated to intangible assets and possible allocation to goodwill, retroactive to the period in which the acquisition occurred. Therefore, the provisional measurements of fair value reflected are subject to change and such changes could be significant. </p> <p>&nbsp;</p> <p>The fair value of identified assets and liabilities acquired and goodwill was as follows: </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p></p> <table width="318" style="MARGIN:auto auto auto 5.4pt; WIDTH:238.5pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0">  <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">Inventory</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 320&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">Property and equipment</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 34&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">Product warranty liability</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(8)</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">Tradename</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">Patents and technological know-how</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,300&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">Proprietary software</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 500&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">In-process research and development</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 200&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in"> <p style="MARGIN:0in 0in 0pt">Goodwill</p></td> <td width="84" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 786&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:175.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Cash paid</p></td> <td width="84" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:63pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 45.0pt">&nbsp;&nbsp; $&nbsp;&nbsp; 4,632&nbsp;</p></td></tr></table> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The Company incurred $187 towards acquisition related expenses, all of which are categorized under General and administrative expenses in the Consolidated Statement of Operations for the period ended March 31, 2012. </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Supplemental Pro Forma information </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.5in">1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue and net loss from VCON business from February 16, 2012 to March 31, 2012 was $77 and ($152) respectively. </p> <p style="MARGIN:0in 0in 0pt 0.5in">&nbsp;</p> <p style="TEXT-INDENT:-0.25in; MARGIN:0in 0in 0pt 0.5in">2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Revenue and earnings of the combined entity as though the business combination occurred as of January 1, 2011:</p> <p style="MARGIN:0in 0in 0pt 0.5in">&nbsp;</p> <p></p> <table width="541" style="MARGIN:auto auto auto 36.7pt; WIDTH:541px; BORDER-COLLAPSE:collapse; HEIGHT:106px" cellpadding="0" cellspacing="0">  <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="264" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="201" colspan="3" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.6pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">Three months ended March 31,</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="264" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">2012</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">2011</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="264" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Revenue</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp; $&nbsp;10,367</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp; $10,803</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="264" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Earnings</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 409</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 647</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="264" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:2.75in; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Basic and diluted earnings per common share</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; 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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                <p>The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
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          <div style="width: 200px;"><strong>Intangible Assets, Goodwill and Other<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2012</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IntangibleAssetsGoodwillAndOtherAbstract', window );"><strong>Intangible Assets, Goodwill and Other</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="text"><!--egx--><p style="MARGIN:0in 0in 0pt">3.&nbsp;&nbsp;Goodwill and Intangibles</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Goodwill</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The goodwill of $786 related to the acquisition of VCON is composed of expected synergies in utilizing VCON technology in ClearOne product offerings, reduction in future combined research and development expenses, and intangible assets including acquired workforce that do not qualify for separate recognition. </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The goodwill balance of $786 related to the acquisition of VCON business is deductible for tax purposes. </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Intangible Assets</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">Intangible assets as of March 31, 2012 and December 31, 2011 consisted of the following: </p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <table width="801" style="MARGIN:auto auto auto 5.4pt; WIDTH:801px; BORDER-COLLAPSE:collapse; HEIGHT:232px" cellpadding="0" cellspacing="0">  <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="88" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">Estimated useful lives</p></td> <td width="104" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">As of </p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">March 31, 2012</p></td> <td width="104" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">As of </p> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">December 31, 2011</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Tradename</p></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">7 years</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 935&nbsp;</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 435&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Patents and technological Know-how</p></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">10 years</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4,370&nbsp;</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,070&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Proprietary software</p></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">3 to 5 years</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 894&nbsp;</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">In-process research and development</p></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">Indefinite</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 759&nbsp;</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 559&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Other</p></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center">5</p></td> <td width="104" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49&nbsp;</p></td> <td width="104" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 49&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7,007&nbsp;</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3,507&nbsp;</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Accumulated Amortization</p></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (944)</p></td> <td width="104" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (817)</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt"> <td width="272" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:203.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="88" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:65.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="104" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6,063&nbsp;</p></td> <td width="104" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:78.3pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 61.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2,690&nbsp;</p></td></tr></table> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">During the three months ended March 31, 2012 and 2011, amortization of intangible assets were $127 and $88, respectively.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The estimated future amortization expense of intangible assets is as follows:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <table width="294" style="MARGIN:auto auto auto 5.4pt; WIDTH:294px; BORDER-COLLAPSE:collapse; HEIGHT:209px" cellpadding="0" cellspacing="0">  <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Years ending December 31,</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2012</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; 635</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2013</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 799</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2014</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 782</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2015</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 598</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2016</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 560</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:12.75pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; tab-stops:right 80.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2017</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:12.75pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 508</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:right 80.1pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Thereafter</p></td> <td width="70" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; BACKGROUND:#b7d2e3; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1,422</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:13.5pt"> <td width="174" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:130.5pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="70" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:5.4pt; WIDTH:52.8pt; PADDING-RIGHT:5.4pt; HEIGHT:13.5pt; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 35.0pt">&nbsp;&nbsp; $&nbsp; 5,304</p></td></tr></table> <p style="MARGIN:0in 0in 0pt; tab-stops:216.75pt">&nbsp;</p><span></span></td>
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                <p>The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final.  May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16265-109275<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 142<br><br> -Paragraph 42, 43, 44, 45, 46, 47<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 3<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16373-109275<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 30<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16323-109275<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 350<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13854-109267<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0EUOAG">
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          <div style="width: 200px;"><strong>ClearOne Communications, Inc. - Consolidated Balance Sheets (USD $)<br>In Thousands, except Share data, unless otherwise specified</strong></div>
        </th>
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          <div>Mar. 31, 2012</div>
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          <div>Dec. 31, 2011</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AssetsCurrentAbstract', window );"><strong>Current assets:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents</a></td>
        <td class="nump">$ 10,577<span></span></td>
        <td class="nump">$ 16,683<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsReceivableNetCurrent', window );">Receivables net of allowance for doubtful accounts</a></td>
        <td class="nump">7,100<span></span></td>
        <td class="nump">8,457<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNet', window );">Inventories</a></td>
        <td class="nump">14,475<span></span></td>
        <td class="nump">12,565<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxAssetsGrossCurrent', window );">Deferred income taxes</a></td>
        <td class="nump">3,025<span></span></td>
        <td class="nump">2,987<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsCurrent', window );">Prepaid Expenses and other assets</a></td>
        <td class="nump">1,846<span></span></td>
        <td class="nump">740<span></span></td>
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        <td class="nump">37,023<span></span></td>
        <td class="nump">41,432<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryNoncurrent', window );">Long-term inventories, net</a></td>
        <td class="nump">2,449<span></span></td>
        <td class="nump">1,905<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PropertyPlantAndEquipmentGross', window );">Property and equipment, net</a></td>
        <td class="nump">2,210<span></span></td>
        <td class="nump">2,338<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Goodwill', window );">Goodwill</a></td>
        <td class="nump">1,939<span></span></td>
        <td class="nump">1,153<span></span></td>
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      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IntangibleAssetsNetExcludingGoodwill', window );">Intangible assets, net</a></td>
        <td class="nump">6,063<span></span></td>
        <td class="nump">2,690<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherAssetsNoncurrent', window );">Other assets</a></td>
        <td class="nump">67<span></span></td>
        <td class="nump">41<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Assets', window );">Total assets</a></td>
        <td class="nump">49,751<span></span></td>
        <td class="nump">49,559<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrentAbstract', window );"><strong>Current Liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccountsPayableCurrent', window );">Accounts Payable</a></td>
        <td class="nump">1,830<span></span></td>
        <td class="nump">2,814<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AccruedLiabilitiesCurrent', window );">Accrued Liabilities</a></td>
        <td class="nump">2,753<span></span></td>
        <td class="nump">2,534<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRevenueCurrent', window );">Deferred product revenue</a></td>
        <td class="nump">3,822<span></span></td>
        <td class="nump">3,404<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesCurrent', window );">Total current liabilities</a></td>
        <td class="nump">8,405<span></span></td>
        <td class="nump">8,752<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredTaxLiabilitiesNoncurrent', window );">Deferred income taxes</a></td>
        <td class="nump">129<span></span></td>
        <td class="nump">101<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredRentCreditNoncurrent', window );">Deferred rent</a></td>
        <td class="nump">486<span></span></td>
        <td class="nump">494<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherLiabilitiesNoncurrent', window );">Other long-term liabilities</a></td>
        <td class="nump">563<span></span></td>
        <td class="nump">548<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_Liabilities', window );">Total liabilities</a></td>
        <td class="nump">9,583<span></span></td>
        <td class="nump">9,895<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterestAbstract', window );"><strong>Shareholders' equity:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockValue', window );">Common stock</a></td>
        <td class="nump">9<span></span></td>
        <td class="nump">9<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdditionalPaidInCapitalCommonStock', window );">Additional paid in capital</a></td>
        <td class="nump">40,124<span></span></td>
        <td class="nump">40,073<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_RetainedEarningsAccumulatedDeficit', window );">Retained earnings (accumulated deficit)</a></td>
        <td class="nump">35<span></span></td>
        <td class="num">(418)<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest', window );">Total shareholders' equity</a></td>
        <td class="nump">40,168<span></span></td>
        <td class="nump">39,664<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_LiabilitiesAndStockholdersEquity', window );">Total liabilities and shareholders' equity</a></td>
        <td class="nump">$ 49,751<span></span></td>
        <td class="nump">$ 49,559<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNumberOfSharesParValueAndOtherDisclosuresAbstract', window );"><strong>Stockholders' Equity, Number of Shares, Par Value and Other Disclosures</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesAuthorized', window );">Common Stock, Shares Authorized</a></td>
        <td class="nump">50,000,000<span></span></td>
        <td class="nump">50,000,000<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesIssued', window );">Common Stock, Shares Issued</a></td>
        <td class="nump">9,098,152<span></span></td>
        <td class="nump">9,098,152<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CommonStockSharesOutstanding', window );">Common Stock, Shares Outstanding</a></td>
        <td class="nump">9,098,152<span></span></td>
        <td class="nump">9,098,152<span></span></td>
      </tr>
    </table>
    <div style="display: none;">
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsPayableCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph a<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsPayableCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccountsReceivableNetCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 3<br><br><br><br> -Subparagraph a(1)<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 4<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.3-4)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccountsReceivableNetCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AccruedLiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 20<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.20)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AccruedLiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AdditionalPaidInCapitalCommonStock">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.30(a)(1))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdditionalPaidInCapitalCommonStock</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Assets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 12<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br> -Section S99<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Publisher FASB<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Concepts (CON)<br><br><br><br> -Number 6<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 18<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.18)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Assets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 3<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6801-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Section 45<br><br><br><br> -SubTopic 10<br><br><br><br> -Topic 210<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Paragraph 1<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 9<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.9)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_AssetsCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AssetsCurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CashAndCashEquivalentsAtCarryingValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 1<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7<br><br><br><br> -Footnote 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 230<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 8, 9<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 95<br><br><br><br> -Paragraph 7, 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Cash Equivalents<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesAuthorized">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The maximum number of common shares permitted to be issued by an entity's charter and bylaws.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesAuthorized</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesIssued">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesIssued</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total number of shares of common stock held by shareholders. May be all or portion of the number of common shares authorized. These shares represent the ownership interest of the common shareholders. Shares outstanding equals shares issued minus shares held in treasury and other adjustments, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.3-04)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6959260&amp;loc=d3e187085-122770<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 505<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6928386&amp;loc=d3e21463-112644<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_CommonStockValue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 30<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.29)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CommonStockValue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRentCreditNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>For a classified balance sheet, the cumulative difference between the rental income or payments required by a lease agreement and the rental income or expense recognized on a straight-line basis, or other systematic and rational basis more representative of the time pattern in which use or benefit is granted or derived from the leased property, expected to be recognized in income or expense, by the lessor or lessee, respectively, more than one year after the balance sheet date.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.26(c))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name FASB Technical Bulletin (FTB)<br><br><br><br> -Number 85-3<br><br><br><br> -Paragraph 2<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 13<br><br><br><br> -Paragraph 19<br><br><br><br> -Subparagraph b<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 840<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 25<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (a)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6453417&amp;loc=d3e39927-112707<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredRentCreditNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredRevenueCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 8<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6935-107765<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Chapter 3<br><br><br><br> -Section A<br><br><br><br> -Paragraph 7, 8<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Staff Accounting Bulletin (SAB)<br><br><br><br> -Number Topic 13<br><br><br><br> -Section A<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 605<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SAB TOPIC 13.A.4(a).Q1)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6600647&amp;loc=d3e214044-122780<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredRevenueCurrent</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxAssetsGrossCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The current portion of the aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; before the valuation allowance, if any, to reduce such amount to net realizable value. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, is classified according to the expected reversal date of the temporary difference.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Glossary Deferred Tax Asset<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6510090<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907707&amp;loc=d3e32537-109319<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42, 43, 289<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 7<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31938-109318<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxAssetsGrossCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_DeferredTaxLiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Represents the noncurrent portion of deferred tax liabilities, which result from applying the applicable tax rate to net taxable temporary differences pertaining to each jurisdiction to which the entity is obligated to pay income tax. A noncurrent taxable temporary difference is a difference between the tax basis and the carrying amount of a noncurrent asset or liability in the financial statements prepared in accordance with generally accepted accounting principles. In a classified statement of financial position, an enterprise separates deferred tax liabilities and assets into a current amount and a noncurrent amount. Deferred tax liabilities and assets are classified as current or noncurrent based on the classification of the related asset or liability for financial reporting. A deferred tax liability or asset that is not related to an asset or liability for financial reporting, including deferred tax assets related to carryforwards, are classified according to the expected reversal date of the temporary difference.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 9<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31958-109318<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 109<br><br><br><br> -Paragraph 41, 42<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 4<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31917-109318<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 740<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 6<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6907571&amp;loc=d3e31931-109318<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredTaxLiabilitiesNoncurrent</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
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      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Goodwill">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph e<br><br><br><br> -Clause 1<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 43<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 68<br><br><br><br> -Subparagraph l<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 45<br><br><br><br> -Subparagraph e<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 34<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905597&amp;loc=d3e13816-109267<br><br><br><br><br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 20<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388280&amp;loc=d3e13770-109266<br><br><br><br><br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 141R<br><br><br><br> -Paragraph 72<br><br><br><br> -Subparagraph d<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Goodwill</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IntangibleAssetsNetExcludingGoodwill">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br><br><br> -Number 142<br><br><br><br> -Paragraph 42, 45<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 2<br><br><br><br> -Subparagraph ((a)(1),(b))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6905858&amp;loc=d3e16323-109275<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 350<br><br><br><br> -SubTopic 30<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6388964&amp;loc=d3e16212-109274<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IntangibleAssetsNetExcludingGoodwill</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(a))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 330<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 35<br><br><br><br> -Paragraph 2<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386567&amp;loc=d3e3927-108312<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Inventories not expected to be converted to cash, sold or exchanged within the normal operating cycle.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 43<br><br><br><br> -Chapter 3<br><br><br><br> -Section A<br><br><br><br> -Paragraph 4, 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 6<br><br><br><br> -Subparagraph d<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.6(d))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_Liabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.19-26)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_Liabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesAndStockholdersEquity">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of all Liabilities and Stockholders' Equity items (or Partners' Capital, as applicable), including the portion of equity attributable to noncontrolling interests, if any.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 32<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.32)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Article 7<br><br><br><br> -Section 03<br><br><br><br> -Paragraph 25<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesAndStockholdersEquity</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 21<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.21)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_LiabilitiesCurrentAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_LiabilitiesCurrentAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsCurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of current assets not separately disclosed in the balance sheet. Current assets are expected to be realized or consumed within one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 8<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.8)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsCurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherAssetsNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 17<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.17)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherAssetsNoncurrent</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherLiabilitiesNoncurrent">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 24<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.24)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherLiabilitiesNoncurrent</nobr></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Gross amount, at the balance sheet date, of long-lived physical assets used in the normal conduct of business and not intended for resale. This can include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 5<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 360<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 50<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (b)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.13)<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br></p>
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                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PropertyPlantAndEquipmentGross</nobr></td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cumulative amount of the reporting entity's undistributed earnings or deficit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 210<br><br><br><br> -SubTopic 10<br><br><br><br> -Section S99<br><br><br><br> -Paragraph 1<br><br><br><br> -Subparagraph (SX 210.5-02.31(a)(3))<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Principles Board Opinion (APB)<br><br><br><br> -Number 12<br><br><br><br> -Paragraph 10<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 02<br><br><br><br> -Paragraph 31<br><br><br><br> -Article 5<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher SEC<br><br><br><br> -Name Regulation S-X (SX)<br><br><br><br> -Number 210<br><br><br><br> -Section 04<br><br><br><br> -Article 3<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_RetainedEarningsAccumulatedDeficit</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Total of Stockholders' Equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity including portions attributable to both the parent and noncontrolling interests (previously referred to as minority interest), if any. The entity including portions attributable to the parent and noncontrolling interests is sometimes referred to as the economic entity. This excludes temporary equity and is sometimes called permanent equity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 16<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4568740-111683<br><br><br><br><br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 55<br><br><br><br> -Paragraph 4I<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4590271-111686<br><br><br><br><br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Publisher AICPA<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 26<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph A3<br><br><br><br> -Appendix A<br><br><br><br><br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher AICPA<br><br><br><br> -Name Accounting Research Bulletin (ARB)<br><br><br><br> -Number 51<br><br><br><br> -Paragraph 25<br><br><br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br><br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br><br><br> -Publisher FASB<br><br><br><br> -Name Accounting Standards Codification<br><br><br><br> -Topic 810<br><br><br><br> -SubTopic 10<br><br><br><br> -Section 45<br><br><br><br> -Paragraph 15<br><br><br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4568447-111683<br><br><br><br><br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><nobr>us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest</nobr></td>
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                <table border="0" cellpadding="0" cellspacing="0">
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          <div>Mar. 31, 2012</div>
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                <p>If the value is true, then the document as an amendment to previously-filed/accepted document.</p>
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                <p>No definition available.</p>
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                <p>End date of current fiscal year in the format --MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_CurrentFiscalYearEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gMonthDayItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalPeriodFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalPeriodFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:fiscalPeriodItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentFiscalYearFocus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentFiscalYearFocus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:gYearItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentPeriodEndDate">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented.  If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentPeriodEndDate</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:dateItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_DocumentType">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The type of document being provided (such as 10-K, 10-Q, N-1A, etc). The document type is limited to the same value as the supporting SEC submission type, minus any "/A" suffix. The acceptable values are as follows: S-1, S-3, S-4, S-11, F-1, F-3, F-4, F-9, F-10, 6-K, 8-K, 10, 10-K, 10-Q, 20-F, 40-F, N-1A, 485BPOS, 497, NCSR, N-CSR, N-CSRS, N-Q, 10-KT, 10-QT, 20-FT, POS AM and Other.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_DocumentType</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:submissionTypeItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCentralIndexKey">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCentralIndexKey</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:centralIndexKeyItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCommonStockSharesOutstanding">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate number of shares outstanding of each of registrant's classes of common stock, as of latest practicable date. Where multiple classes exist define each class by adding class of stock items such as Common Class A [Member], Common Class B [Member] onto the Instrument [Domain] of the Entity Listings, Instrument</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCommonStockSharesOutstanding</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:sharesItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityCurrentReportingStatus">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityCurrentReportingStatus</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityFilerCategory">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, or (4) Smaller Reporting Company. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityFilerCategory</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:filerCategoryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityPublicFloat">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityPublicFloat</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>instant</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityRegistrantName">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation 12B<br><br> -Number 240<br><br> -Section 12b<br><br> -Subsection 1<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityRegistrantName</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:normalizedStringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityVoluntaryFilers">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityVoluntaryFilers</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_dei_EntityWellKnownSeasonedIssuer">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>dei_EntityWellKnownSeasonedIssuer</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>dei_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>dei:yesNoItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_fil_DocumentAndEntityInformation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>fil_DocumentAndEntityInformation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>fil_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
    </div>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ENCAG">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>ClearOne Communications, Inc. - Consolidated Statement of Cashflows (USD $)<br>In Thousands, unless otherwise specified</strong></div>
        </th>
        <th class="th" colspan="2">3 Months Ended</th>
      </tr>
      <tr>
        <th class="th">
          <div>Mar. 31, 2012</div>
        </th>
        <th class="th">
          <div>Mar. 31, 2011</div>
        </th>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Cash flows from operating activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProfitLoss', window );">Net income</a></td>
        <td class="nump">$ 453<span></span></td>
        <td class="nump">$ 812<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract', window );"><strong>Adjustments to reconcile net income to cash provided by (used in) operating activities</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_OtherDepreciationAndAmortization', window );">Depreciation and Amortization</a></td>
        <td class="nump">337<span></span></td>
        <td class="nump">295<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_EmployeeBenefitsAndShareBasedCompensation', window );">Stock-based Compensation</a></td>
        <td class="nump">51<span></span></td>
        <td class="nump">39<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProvisionForDoubtfulAccounts', window );">Provision for Doubtful Accounts</a></td>
        <td class="num">(59)<span></span></td>
        <td class="num">(58)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_InventoryWriteDown', window );">Increase (decrease) in reserves against inventory</a></td>
        <td class="nump">90<span></span></td>
        <td class="num">(214)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract', window );"><strong>Changes in operating assets and liabilities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInReceivables', window );">Change in accounts receivable</a></td>
        <td class="nump">1,416<span></span></td>
        <td class="nump">1,396<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInInventories', window );">Change in inventories</a></td>
        <td class="num">(2,224)<span></span></td>
        <td class="num">(379)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_DeferredIncomeTaxesAndTaxCredits', window );">Chane in deferred income taxes</a></td>
        <td class="num">(10)<span></span></td>
        <td class="nump">117<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets', window );">Change in prepaid expense and other assets</a></td>
        <td class="num">(1,132)<span></span></td>
        <td class="num">(54)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccountsPayable', window );">Change in accounts payable</a></td>
        <td class="num">(984)<span></span></td>
        <td class="nump">1,082<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable', window );">Change in income taxes payable</a></td>
        <td class="num">(89)<span></span></td>
        <td class="nump">121<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInAccruedLiabilities', window );">Change in accrued liabilities</a></td>
        <td class="nump">309<span></span></td>
        <td class="num">(1,269)<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInDeferredRevenue', window );">Change in deferred product revenue</a></td>
        <td class="nump">418<span></span></td>
        <td class="nump">258<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet', window );">Change in other long-term liabilities</a></td>
        <td class="nump">15<span></span></td>
        <td class="nump">53<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInOperatingActivities', window );">Net Cash Provided by (Used in) Operating Activities</a></td>
        <td class="num">(1,409)<span></span></td>
        <td class="nump">2,199<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract', window );"><strong>Cash flows from investing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired', window );">Payment towards acquisition of VCON business</a></td>
        <td class="num">(4,632)<span></span></td>
        <td class="nump">0<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment', window );">Purchase of property and equipment</a></td>
        <td class="num">(65)<span></span></td>
        <td class="num">(175)<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInInvestingActivities', window );">Net Cash used in investing activities</a></td>
        <td class="num">(4,697)<span></span></td>
        <td class="num">(175)<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract', window );"><strong>Cash flows from financing activities:</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
        <td class="text">&#xA0;<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions', window );">Proceeds from issuance of common stock - options</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">21<span></span></td>
      </tr>
      <tr class="reu">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_NetCashProvidedByUsedInFinancingActivities', window );">Net cash provided by (used in) financing activities</a></td>
        <td class="nump">0<span></span></td>
        <td class="nump">21<span></span></td>
      </tr>
      <tr class="rou">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease', window );">Net increase in cash and cash equivalents</a></td>
        <td class="num">(6,106)<span></span></td>
        <td class="nump">2,045<span></span></td>
      </tr>
      <tr class="re">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the beginning of the period</a></td>
        <td class="nump">16,683<span></span></td>
        <td class="nump">11,431<span></span></td>
      </tr>
      <tr class="ro">
        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_CashAndCashEquivalentsAtCarryingValue', window );">Cash and cash equivalents at the end of the period</a></td>
        <td class="nump">$ 10,577<span></span></td>
        <td class="nump">$ 13,476<span></span></td>
      </tr>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits are not generally reported as cash and cash equivalents. Includes cash and cash equivalents associated with the entity's continuing operations. Excludes cash and cash equivalents associated with the disposal group (and discontinued operation).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.1)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Section 02<br><br> -Paragraph 1<br><br> -Article 5<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7<br><br> -Footnote 1<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3044-108585<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 8, 9<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6361293&amp;loc=d3e6676-107765<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6506951<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 7, 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Cash Equivalents<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6507016<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
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                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_CashAndCashEquivalentsAtCarryingValue</nobr></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in cash and cash equivalents. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net amount of deferred income taxes and income tax credits less the tax benefit from exercise of stock options.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 718<br><br> -SubTopic 20<br><br> -Section 55<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6576910&amp;loc=d3e11374-113907<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_DeferredIncomeTaxesAndTaxCredits</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_EmployeeBenefitsAndShareBasedCompensation">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Costs and payments related to employee benefits and equity-based compensation, such as pension expense and contributions, other postretirement benefits expense and payments, stock or unit options expense, and amortization of restricted stock or unit.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_EmployeeBenefitsAndShareBasedCompensation</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccountsPayable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccountsPayable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInAccruedLiabilities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInAccruedLiabilities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInDeferredRevenue">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInDeferredRevenue</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the amounts payable to taxing authorities for taxes that are based on the reporting entity's earnings, net of amounts receivable from taxing authorities for refunds of overpayments or recoveries of income taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>No definition available.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInInventories">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInInventories</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOperatingCapitalAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOperatingCapitalAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in other assets used in operating activities less other operating liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets and liabilities, other noncurrent assets and liabilities, or a combination of other current and noncurrent assets and liabilities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInOtherOperatingCapitalNet</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets,or  income taxes.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_IncreaseDecreaseInReceivables">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_IncreaseDecreaseInReceivables</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_InventoryWriteDown">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>Charge to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence or market conditions.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.2)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 330<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6386783&amp;loc=d3e4542-108314<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 43<br><br> -Chapter 4<br><br> -Section 7<br><br> -Paragraph 14<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Concepts (CON)<br><br> -Number 6<br><br> -Paragraph 86<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_InventoryWriteDown</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from financing activity for the period.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivities</nobr></td>
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                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInInvestingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash inflow or outflow from investing activity.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 26<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3574-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
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        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivities">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The net cash from (used in) all of the entity's operating activities, including those of discontinued operations, of the reporting entity. Operating activities generally involve producing and delivering goods and providing services. Operating activity cash flows include transactions, adjustments, and changes in value that are not defined as investing or financing activities. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 24<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3521-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 25<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3536-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 26<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivities</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
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                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_OtherDepreciationAndAmortization">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The other noncash expense, not otherwise specified in the taxonomy, charged against earnings in the period to allocate the cost of tangible and intangible assets over their remaining economic lives.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.3)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Principles Board Opinion (APB)<br><br> -Number 12<br><br> -Paragraph 5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 360<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6391035&amp;loc=d3e2868-110229<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_OtherDepreciationAndAmortization</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
                  </tr>
                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>debit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15, 17<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (b)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br></p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ Details</a><div style="display: none;">
                <table border="0" cellpadding="0" cellspacing="0">
                  <tr>
                    <td><strong> Name:</strong></td>
                    <td><nobr>us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired</nobr></td>
                  </tr>
                  <tr>
                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>us-gaap_</td>
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                  <tr>
                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:monetaryItemType</td>
                  </tr>
                  <tr>
                    <td><strong> Balance Type:</strong></td>
                    <td>credit</td>
                  </tr>
                  <tr>
                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
                  </tr>
                </table>
              </div>
            </div>
          </td>
        </tr>
      </table>
      <table border="0" cellpadding="0" cellspacing="0" class="authRefData" style="display: none;" id="defref_us-gaap_PaymentsToAcquirePropertyPlantAndEquipment">
        <tr>
          <td class="hide"><a style="color: white;" href="javascript:void(0);" onclick="top.Show.hideAR();">X</a></td>
        </tr>
        <tr>
          <td>
            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 13<br><br> -Subparagraph (c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3213-108585<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 15<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 17<br><br> -Subparagraph c<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Investing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6516133<br><br><br><br></p>
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                <p>The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Glossary Financing Activities<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6513228<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 14<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3255-108585<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 123R<br><br> -Paragraph A240<br><br> -Subparagraph i<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 18<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 19<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br></p>
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                <p>The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4J<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591551-111686<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph a<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph A1, A4, A5<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 38<br><br> -Subparagraph c(1)<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 29<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 1A<br><br> -Subparagraph (a),(c)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921930&amp;loc=SL4573702-111684<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 55<br><br> -Paragraph 4K<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6922042&amp;loc=SL4591552-111686<br><br><br><br>Reference 8: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher AICPA<br><br> -Name Accounting Research Bulletin (ARB)<br><br> -Number 51<br><br> -Paragraph 5<br><br> -Subparagraph b<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 9: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 810<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 19<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6921628&amp;loc=SL4569616-111683<br><br><br><br></p>
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                <p>Amount of the current period expense charged against operations, the offset which is generally to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected).</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 225<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 2<br><br> -Subparagraph (SX 210.5-03.5)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6880815&amp;loc=d3e20235-122688<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 95<br><br> -Paragraph 28<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher SEC<br><br> -Name Regulation S-X (SX)<br><br> -Number 210<br><br> -Article 5<br><br> -Section 03<br><br> -Paragraph 5<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 230<br><br> -SubTopic 10<br><br> -Section 45<br><br> -Paragraph 28<br><br> -Subparagraph (a)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6943989&amp;loc=d3e3602-108585<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
      <tr>
        <th class="tl" colspan="1" rowspan="2">
          <div style="width: 200px;"><strong>Income Taxes<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2012</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_IncomeTaxesAbstract', window );"><strong>Income Taxes</strong></a></td>
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        <td class="text"><!--egx--><p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt"><b><font style="LINE-HEIGHT:115%">8. Income Taxes</font></b><font style="LINE-HEIGHT:115%"></font></p> <p style="MARGIN:0in 0in 0pt">The total outstanding balance for liabilities related to unrecognized tax benefits at March 31, 2012 was approximately $563, of which $35 was associated with interest and penalties. We account for interest expense and penalties for unrecognized tax benefits as part of our income tax provision.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p>Accrued liabilities as of March 31, 2012 and December 31, 2011 include accrued income taxes payable of $211 and $300, respectively.</p><span></span></td>
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                <p>The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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        <td class="text"><!--egx--><font style="LINE-HEIGHT:115%"> <p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt"><strong>7. Proceeds from litigation</strong></p> <p style="TEXT-ALIGN:justify; MARGIN:0in 0in 0pt; TEXT-AUTOSPACE:">During the three months ended March 31, 2011, $250 was received as a settlement of amounts due from a defendant in our litigation related to the &#147;Theft of ClearOne&#146;s Intellectual Property and related cases&#148; described in detail in Form 10-K for the year ended&nbsp; December 31, 2011. </p> <p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt"></p></font><span></span></td>
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                <p>Disclosure of each detailed component of other operating costs and expenses that are applicable to sales and revenues, but not included in the cost of sales in the Income Statement.</p>
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        <td class="text"><!--egx--><p style="LINE-HEIGHT:115%; MARGIN:0in 0in 10pt"><b><font style="LINE-HEIGHT:115%">9. Commitments and Contingencies</font></b><font style="LINE-HEIGHT:115%"></font></p> <p style="MARGIN:0in 0in 0pt">The Company entered in to a consulting arrangement for a period of 12 months.&nbsp; The consulting arrangement provides for a fixed fee of approximately $180 with additional maximum incentive-based fees of approximately $20 associated with accomplishing specific milestones.</p> <p>&nbsp;</p><span></span></td>
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                <p>The entire disclosure for commitments and contingencies.</p>
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                <p>Reference 1: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 450<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 4<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6952336&amp;loc=d3e14435-108349<br><br><br><br>Reference 2: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 460<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 8<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6398077&amp;loc=d3e12565-110249<br><br><br><br>Reference 3: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name FASB Interpretation (FIN)<br><br> -Number 14<br><br> -Paragraph 3<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 4: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 440<br><br> -SubTopic 10<br><br> -Section 50<br><br> -Paragraph 2<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6394976&amp;loc=d3e25287-109308<br><br><br><br>Reference 5: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Statement of Financial Accounting Standard (FAS)<br><br> -Number 5<br><br> -Paragraph 9, 10, 11, 12<br><br> -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009.  This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.<br><br><br><br>Reference 6: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 210<br><br> -SubTopic 10<br><br> -Section S99<br><br> -Paragraph 1<br><br> -Subparagraph (SX 210.5-02.25)<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6877327&amp;loc=d3e13212-122682<br><br><br><br>Reference 7: http://www.xbrl.org/2003/role/presentationRef<br><br> -Publisher FASB<br><br> -Name Accounting Standards Codification<br><br> -Topic 825<br><br> -SubTopic 20<br><br> -Section 50<br><br> -Paragraph 1<br><br> -URI http://asc.fasb.org/extlink&amp;oid=6449706&amp;loc=d3e16207-108621<br><br><br><br></p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
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          <div style="width: 200px;"><strong>Basis of Presentation<br></strong></div>
        </th>
        <th class="th" colspan="1">3 Months Ended</th>
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      <tr>
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          <div>Mar. 31, 2012</div>
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        <td class="text"><!--egx--><p style="MARGIN:0in 0in 0pt">The fiscal year for ClearOne Communications, Inc. and its subsidiaries (collectively, ClearOne or the Company) is the 12 months ending on December 31st.&nbsp;&nbsp;The consolidated financial statements include the accounts of ClearOne and its subsidiaries. All significant intercompany accounts and transactions have been eliminated.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The accompanying interim consolidated financial statements for the three months ended&nbsp;March 31, 2012 and 2011 respectively have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission (SEC) and are not audited. Certain information and footnote disclosures, that are usually included in financial statements prepared in accordance with generally accepted accounting principles in the United States (GAAP) have been either condensed or omitted in accordance with SEC rules and regulations. The accompanying consolidated financial statements contain all adjustments, consisting of normal recurring accruals, necessary for a fair presentation of our financial position as of&nbsp;March 31, 2012 and December 31, 2011, the results of operations for the three months ended March 31, 2012 and 2011, and the statements of cash flows for the three months ended March 31, 2012 and 2011. The results of operations for the three months ended March 31, 2012 and 2011 are not necessarily indicative of the results for a full-year period.&nbsp;&nbsp;These interim consolidated financial statements should be read in conjunction with the financial statements included in our Annual Report on Form 10-K for the year ended December 31, 2011 filed with the SEC.</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p><span></span></td>
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                <p>The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.</p>
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  <body><span style="display: none;">v2.4.0.6</span><table class="report" border="0" cellspacing="2" id="ID0ELE">
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          <div style="width: 200px;"><strong>Shareholders' Equity<br></strong></div>
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        <th class="th" colspan="1">3 Months Ended</th>
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          <div>Mar. 31, 2012</div>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_fil_Equity1Abstract', window );"><strong>Shareholders' Equity</strong></a></td>
        <td class="text">&#xA0;<span></span></td>
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        <td class="pl" style="border-bottom: 0px;" valign="top"><a class="a" href="javascript:void(0);" onclick="top.Show.showAR( this, 'defref_us-gaap_StockholdersEquityNoteDisclosureTextBlock', window );">Shareholders' Equity Note Disclosure [Text Block]</a></td>
        <td class="text"><!--egx--><p style="MARGIN:0in 0in 0pt"><b>6.&nbsp;&nbsp;Shareholders&#146; Equity</b></p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <p style="MARGIN:0in 0in 0pt">The following table summarizes the change in shareholders&#146; equity during the three months ended March 31, 2012 and 2011, respectively:</p> <p style="MARGIN:0in 0in 0pt">&nbsp;</p> <table width="451" style="MARGIN:auto auto auto 5.4pt; WIDTH:337.9pt; BORDER-COLLAPSE:collapse" cellpadding="0" cellspacing="0"> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="16" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>&nbsp;</b></p></td> <td width="201" colspan="3" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:150.6pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>Three months ended March 31,</b></p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="16" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>&nbsp;</b></p></td> <td width="93" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>2012</b></p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:windowtext 1pt solid; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="TEXT-ALIGN:center; MARGIN:0in 0in 0pt" align="center"><b>2011</b></p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Balance at the beginning of the period</p></td> <td width="16" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; 39,664</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; 31,735</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Net income during the period</p></td> <td width="16" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 453</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 812</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Stock based compensation</p></td> <td width="16" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 39</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Exercise of stock options</p></td> <td width="16" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; BACKGROUND-COLOR:transparent; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 21</p></td></tr> <tr style="PAGE-BREAK-INSIDE:avoid; HEIGHT:0.1in"> <td width="234" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:175.5pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt">Balance at end of the period</p></td> <td width="16" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.8pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="top"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;</p></td> <td width="93" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; 40,168</p></td> <td width="15" style="BORDER-BOTTOM:#f0f0f0; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:11.1pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:#f0f0f0; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"></td> <td width="93" style="BORDER-BOTTOM:windowtext 2.25pt double; BORDER-LEFT:#f0f0f0; PADDING-BOTTOM:0in; PADDING-LEFT:0.7pt; WIDTH:69.75pt; PADDING-RIGHT:0.7pt; BACKGROUND:#b7d2e3; HEIGHT:0.1in; BORDER-TOP:windowtext 1pt solid; BORDER-RIGHT:#f0f0f0; PADDING-TOP:0in" valign="bottom"> <p style="MARGIN:0in 0in 0pt; tab-stops:7.0pt right 52.0pt">&nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; 32,607</p></td></tr></table> <p style="MARGIN:0in 0in 0pt">&nbsp;</p><span></span></td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Details</a><div>
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                    <td><strong> Name:</strong></td>
                    <td><nobr>fil_Equity1Abstract</nobr></td>
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                    <td style="padding-right: 4px;"><nobr><strong> Namespace Prefix:</strong></nobr></td>
                    <td>fil_</td>
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                    <td><strong> Data Type:</strong></td>
                    <td>xbrli:stringItemType</td>
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                    <td><strong> Balance Type:</strong></td>
                    <td>na</td>
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                    <td><strong> Period Type:</strong></td>
                    <td>duration</td>
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            <div class="body" style="padding: 2px;"><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">- Definition</a><div>
                <p>The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable).  Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.</p>
              </div><a href="javascript:void(0);" onclick="top.Show.toggleNext( this );">+ References</a><div style="display: none;">
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