0001378140 us-gaap:TreasuryStockMember 2011-05-01 2011-07-31 0001378140 us-gaap:CommonStockMember 2011-05-01 2011-07-31 0001378140 us-gaap:CommonStockMember 2010-05-01 2010-07-31 0001378140 us-gaap:RetainedEarningsMember 2011-07-31 0001378140 us-gaap:ParentMember 2011-07-31 0001378140 us-gaap:NoncontrollingInterestMember 2011-07-31 0001378140 us-gaap:AdditionalPaidInCapitalMember 2011-07-31 0001378140 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-07-31 0001378140 us-gaap:RetainedEarningsMember 2011-04-30 0001378140 us-gaap:ParentMember 2011-04-30 0001378140 us-gaap:NoncontrollingInterestMember 2011-04-30 0001378140 us-gaap:AdditionalPaidInCapitalMember 2011-04-30 0001378140 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-04-30 0001378140 us-gaap:RetainedEarningsMember 2010-07-31 0001378140 us-gaap:ParentMember 2010-07-31 0001378140 us-gaap:NoncontrollingInterestMember 2010-07-31 0001378140 us-gaap:AdditionalPaidInCapitalMember 2010-07-31 0001378140 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-07-31 0001378140 us-gaap:RetainedEarningsMember 2010-04-30 0001378140 us-gaap:ParentMember 2010-04-30 0001378140 us-gaap:NoncontrollingInterestMember 2010-04-30 0001378140 us-gaap:AdditionalPaidInCapitalMember 2010-04-30 0001378140 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-04-30 0001378140 us-gaap:TreasuryStockMember 2011-07-31 0001378140 us-gaap:CommonStockMember 2011-07-31 0001378140 us-gaap:TreasuryStockMember 2011-04-30 0001378140 us-gaap:CommonStockMember 2011-04-30 0001378140 us-gaap:TreasuryStockMember 2010-07-31 0001378140 us-gaap:CommonStockMember 2010-07-31 0001378140 us-gaap:TreasuryStockMember 2010-04-30 0001378140 us-gaap:CommonStockMember 2010-04-30 0001378140 us-gaap:RetainedEarningsMember 2011-05-01 2011-07-31 0001378140 us-gaap:RetainedEarningsMember 2010-05-01 2010-07-31 0001378140 us-gaap:NoncontrollingInterestMember 2011-05-01 2011-07-31 0001378140 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2011-05-01 2011-07-31 0001378140 us-gaap:NoncontrollingInterestMember 2010-05-01 2010-07-31 0001378140 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2010-05-01 2010-07-31 0001378140 2010-07-31 0001378140 2010-04-30 0001378140 us-gaap:ParentMember 2011-05-01 2011-07-31 0001378140 us-gaap:AdditionalPaidInCapitalMember 2011-05-01 2011-07-31 0001378140 us-gaap:ParentMember 2010-05-01 2010-07-31 0001378140 us-gaap:AdditionalPaidInCapitalMember 2010-05-01 2010-07-31 0001378140 2011-07-31 0001378140 2011-04-30 0001378140 2010-05-01 2010-07-31 0001378140 2011-08-31 0001378140 2011-05-01 2011-07-31 iso4217:USD xbrli:shares iso4217:USD xbrli:shares false --04-30 Q1 2012 2011-07-31 10-Q 0001378140 10394720 Accelerated Filer Ocean Power Technologies, Inc. 10236466 10268155 1224728 826833 1285000 982323 4302952 3869988 175907 85835 157174930 157545820 410568 301292 410568 316462 316462 316462 30784 13914 53552578 48790889 32968188 37011976 4236597 3925600 4376136 8898701 -310997 4522565 <div> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">&nbsp;</font></i></b><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(9)&nbsp;Commitments and Contingencies</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Litigation</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company is involved from time to time in certain legal actions arising in the ordinary course of business. Management believes that the outcome of such actions will not have a material adverse effect on the Company's financial position or results of operations.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Spain Construction Agreement</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company is currently engaged with Iberdrola Cantabria in discussions regarding modifications to its agreement for the first phase of the construction of a wave power project off the coast of Spain. This first phase was due to be completed by December&nbsp;31, 2009. If no modification is agreed to by the parties, the customer may, subject to certain conditions in the agreement, terminate the agreement and would not be obligated to make any more milestone payments. The agreement also provides that the customer may seek reimbursement for direct damages only, limited to amounts specified in the agreement, if the Company is in default of its obligations under the agreement. As of July 31, 2011, the Company does not believe that the outcome of this matter will have a material adverse effect on the Company's financial position or results of operations.</font></p></div> 0.001 0.001 105000000 105000000 10419183 10411295 10419 10411 -6138437 -6133673 -5089731 -5085136 1588246 1901902 600000 600000 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(6)&nbsp;Debt</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">During the year ended April&nbsp;30, 2000, the Company received an award of $250,000 from the State of New Jersey Commission on Science and Technology for the development of a wave power system that was deployed off the coast of New Jersey. The award contract was assigned to the New Jersey Economic Development Authority in fiscal 2008. Under the terms of this award, the Company must repay the amount funded, without interest, by July&nbsp;15, 2012. The amounts to be repaid each year are determined as a percentage of revenues (as defined in the loan agreement) the Company receives that year from its customer contracts that meet criteria specified in the loan agreement. The Company has repaid the entire award of $250,000, as of July 31, 2011. The final payment of $89,378 was paid during the three months ended July 31, 2011.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company was awarded a recoverable grant totaling $500,000 from the NJBPU under the Renewable Energy Business Venture Assistance Program. Under the terms of this agreement, the amount to be repaid is a fixed monthly amount of principal only, repayable over a five-year period beginning in November 2011. As of July 31, 2011, $75,000 was included in current portion of long-term debt on the accompanying consolidated balance sheet. The terms also required the Company to assign to the NJBPU a certificate of deposit in an amount equal to the outstanding grant balance. The Company received $250,000, representing the first half of the grant, during the year ended April 30, 2010, and the remaining $250,000 was received in June&nbsp;2010. See Note 2(c).</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> 344022 1244562 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(7)&nbsp;Deferred Credits</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">During the year ended April&nbsp;30, 2001, in connection with the sale of common stock to an investor, the Company received $600,000 from the investor in exchange for an option to purchase up to 500,000 metric tons of carbon emissions credits generated by the Company during the years 2008 through 2012, at a 30% discount from the then-prevailing market rate. This amount has been recorded as deferred credits in the accompanying consolidated balance sheets as of July 31, 2011 and April 30, 2011. If the Company does not become entitled under applicable laws to the full amount of emission credits covered by the option by December&nbsp;31, 2012, the Company is obligated to return the option fee of $600,000, less the aggregate discount on any emission credits sold to the investor prior to such date. If the Company receives emission credits under applicable laws and fails to sell to the investor the credits up to the full amount of emission credits covered by the option, the investor is entitled to liquidated damages equal to 30% of the aggregate market value of the shortfall in emission credits (subject to a limit on the market price of emission credits).</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> 92156 99140 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(8)&nbsp;Stock-Based Compensation</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Costs resulting from all stock-based payment transactions are recognized in the consolidated financial statements at their fair values. Compensation cost for the portion of the awards for which the requisite service had not been rendered that were outstanding as of May&nbsp;1, 2006 is being recognized in the consolidated statements of operations over the remaining service period after such date based on the award's original estimated fair value. The aggregate stock-based compensation expense related to all stock-based transactions recorded in the consolidated statements of operations was approximately $371,000 and $411,000 for the three months ended July 31, 2011 and 2010, respectively.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt"><em>(a) Stock Options</em></font></b></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Valuation Assumptions for Options Granted During the Three Months Ended </font></b><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">July 31, 2011 and 2010</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The fair value of each stock option granted during the three months ended July 31, 2011 and 2010 was estimated at the date of grant using the Black-Scholes option pricing model, assuming no dividends and using the weighted average valuation assumptions noted in the following table. The risk-free rate is based on the US Treasury yield curve in effect at the time of grant. The expected life (estimated period of time outstanding) of the stock options granted was estimated using the "simplified" method as permitted by the SEC's Staff Accounting Bulletin No.&nbsp;107, <i>Share-Based Payment.</i> Expected volatility was based on historical volatility for a peer group of companies for a period equal to the stock option's expected life, calculated on a daily basis.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 401.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="535"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.6pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="17"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 10.15pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="14"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 401.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="535"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.6pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="17"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 145.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="193" colspan="6"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Three Months Ended July 31,</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 401.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="535"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.6pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="17"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 61.35pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="82" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">2011</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">2010</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 401.4pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="535"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Risk-free interest rate</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.6pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="17"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 10.15pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="14"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">2.1</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">%</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">2.4</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">%</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 401.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="535"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Expected dividend yield</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.6pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="17"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 10.15pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="14"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">0.0</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">%</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">0.0</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">%</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 401.4pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="535"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Expected life</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.6pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="17"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 10.15pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="14"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">6.3 years</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">6.4 years</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 401.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="535"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Expected volatility</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 12.6pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="17"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 10.15pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="14"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">94.0</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">%</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">93.8</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.75pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="13"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">%</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td></tr></table> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The above assumptions were used to determine the weighted average per share fair value of $3.15 and $4.21 for stock options granted during the three months ended July 31, 2011 and 2010, respectively.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">A summary of stock options under the plans is as follows:</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">&nbsp;&nbsp;<b>Weighted</b></font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 60.45pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="81" colspan="2"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Average </font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 60.45pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="81" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Weighted</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Remaining </font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Shares</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 60.45pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="81" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Average</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Contractual </font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Underlying</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 60.45pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="81" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Exercise</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Term </font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Options</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 60.45pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="81" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Price</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: black 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">(In Years)</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Outstanding as of April 30, 2011</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">1,353,935</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">&nbsp;$</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">10.30</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Forfeited</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">(144,350</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">)</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">11.30</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Exercised</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">&#8212;</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">&#8212;</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Granted</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">229,641</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">4.05</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; border-top: black 1pt solid; padding-top: 0in;" width="76" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: white; padding-top: 0in;" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Outstanding as of July 31, 2011</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">1,439,226</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">9.20</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">6.6</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" width="76" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: white; padding-top: 0in;" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Exercisable as of July 31, 2011</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">777,272</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">12.23</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">4.8</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 329.85pt; padding-right: 0in; background: white; padding-top: 0in;" width="440"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" width="76" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 13.5pt; padding-right: 0in; background: white; padding-top: 0in;" width="18"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 9.25pt; padding-right: 0in; background: white; padding-top: 0in;" width="12"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr></table> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">There was no intrinsic value of outstanding and exercisable options as of July 31, 2011. As of July 31, 2011, approximately 662,000 additional options are expected to vest, which options have no intrinsic value and a weighted average remaining contractual term of 8.8 years. There was approximately $316,000 of total recognized compensation cost for the three months ended July 31, 2011 related to stock options. As of July 31, 2011, there was approximately $2,232,000 of total unrecognized compensation cost related to non-vested stock options granted under the plans. This cost is expected to be recognized over a weighted-average period of 3.3 years. The Company normally issues new shares to satisfy option exercises under these plans. During the three months ended July 31, 2011, stock options granted included 16,996 stock options which were subject to performance-based vesting requirements. Stock options outstanding as of July 31, 2011 included 16,996 stock options subject to performance-based vesting requirements.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">&nbsp;<b><i>(b)&nbsp;Restricted Stock</i></b></font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Compensation expense for non-vested restricted stock was historically recorded based on its market value on the date of grant and recognized over the associated service and performance period. During the three months ended July 31, 2011, there were 9,000 shares of non-vested restricted stock granted to employees with performance-based vesting requirements. During the three months ended July 31, 2011, 16,888 shares of non-vested restricted stock subject to performance-based vesting requirements were forfeited in accordance with performance objectives.&nbsp; Restricted stock issued and unvested at July 31, 2011, included 71,999 shares of non-vested restricted stock subject to performance-based vesting requirements.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">A summary of non-vested restricted stock under the plans is as follows:</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="77" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Weighted</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="77" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Average</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 55.25pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="74" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Number</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="77" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Price per</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 55.25pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="74" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">of Shares</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="77" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Share</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Issued and unvested at April 30, 2011</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">150,953</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">$</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">6.16</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Granted</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">9,000</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">4.05</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Forfeited</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">(16,888</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">)</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">6.13</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Vested</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">(22,113</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">)</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">6.06</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 55.25pt; padding-right: 0in; background: white; padding-top: 0in;" width="74" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Issued and unvested at July 31, 2011</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 4.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="5"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">120,952</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">6.03</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: #cceeff; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 18.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="25"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 55.25pt; padding-right: 0in; background: white; padding-top: 0in;" width="74" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr></table> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">There was approximately $54,000 of total recognized compensation cost for the three months ended July 31, 2011 related to restricted stock. As of July 31, 2011, there was approximately $314,000 of total unrecognized compensation cost related to non-vested restricted stock granted under the plans. This cost is expected to be recognized over a weighted average period of 2.8&nbsp;years.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(c)Treasury Stock</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">During the three months ended July 31, 2011, 5,800 shares of common stock were purchased by the Company.<b><i> </i></b></font></p> -0.61 -0.49 -104384 -89222 1222368 1247951 -239002 -9041 -356 -213839 8950 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(10)&nbsp;Income Taxes</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company did not recognize any consolidated income tax benefit (expense) for the three month periods ended July 31, 2011 and 2010. The Company has recorded a valuation allowance to reduce its net deferred tax asset to an amount that is more likely than not to be realized in future years. Accordingly, the benefit of the net operating loss that would have been recognized was offset by changes in the valuation allowance. </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">During the three months ended July 31, 2011, the Company had no material changes in uncertain tax positions.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> -423257 -397069 -556320 -282099 -637798 -373541 490677 900540 1151380 -112335 -635565 17994 -137438 250000 -103687 865244 237465 120768 7061080 7041383 53552578 48790889 6011080 6016383 139378 75000 450000 425000 26018594 25092913 16323016 7516214 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(3)&nbsp;Marketable Securities</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Marketable securities with initial maturities longer than three months but that mature within one year from the balance sheet date are classified as current assets and are summarized as follows:</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <table style="border-collapse: collapse; font-family: 'Calibri','sans-serif'; font-size: 10pt;" class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0"> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr style="height: 17.55pt;"><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; height: 17.55pt; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; height: 17.55pt; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; height: 17.55pt; padding-top: 0in;" valign="bottom" width="77" colspan="2"> <p style="text-align: center; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">July 31,</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; height: 17.55pt; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; height: 17.55pt; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; height: 17.55pt; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">April 30,</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; height: 17.55pt; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr style="height: 0.2in;"><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; height: 0.2in; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; height: 0.2in; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; height: 0.2in; padding-top: 0in;" valign="bottom" width="77" colspan="2"> <p style="text-align: center; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">2011</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; height: 0.2in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; height: 0.2in; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 1pt solid; padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; height: 0.2in; padding-top: 0in;" valign="bottom" width="76" colspan="2"> <p style="text-align: center; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="center"><b><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">2011</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; height: 0.2in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Certificates of deposit denominated in Australian dollars&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">$</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; border-top: windowtext 1pt solid; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">773,326</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; border-top: windowtext 1pt solid; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">491,895</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">Certificate of deposit denominated in US dollars&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;..</font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">3,806,808</font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">&#8213;</font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">US Treasury obligations&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">20,512,779</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">25,526,699</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; border-top: black 1pt solid; padding-top: 0in;" width="77" colspan="2"> <p style="text-align: right; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; border-top: black 1pt solid; padding-top: 0in;" width="76" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 6.4pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="9"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">$</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">25,092,913</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="border-bottom: windowtext 3px double; padding-bottom: 0in; padding-left: 0in; width: 51.2pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="68"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">26,018,594</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; padding-top: 0in;" valign="bottom" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr> <tr><td style="padding-bottom: 0in; padding-left: 0in; width: 408.8pt; padding-right: 0in; background: white; padding-top: 0in;" width="545"> <p style="line-height: normal; margin: 0in 0in 0pt 11.25pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 0.8in; padding-right: 0in; background: white; padding-top: 0in;" width="77" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 17.05pt; padding-right: 0in; background: white; padding-top: 0in;" width="23"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 56.9pt; padding-right: 0in; background: white; padding-top: 0in;" width="76" colspan="2"> <p style="text-align: right; line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal" align="right">&nbsp;</p></td> <td style="padding-bottom: 0in; padding-left: 0in; width: 5.7pt; padding-right: 0in; background: white; padding-top: 0in;" width="8"> <p style="line-height: normal; margin: 0in 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal">&nbsp;</p></td></tr></table> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company's marketable securities that mature more than one year from the balance sheet date are classified as noncurrent assets. These marketable securities all mature in less than three years, are all classified as held-to-maturity, are carried at amortized cost and are summarized as follows:</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="text-align: center; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal" align="center"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt"> </font></p> <p style="text-align: center; line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal" align="center"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt"> </font></p> <table style="width: 526pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="700"><tr style="height: 15pt;"> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 170pt; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20" width="227">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 80pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" width="107">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 77pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="102">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 8pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="11">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 55pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="73"><font class="_mt">&nbsp;</font>Gross<font class="_mt">&nbsp;&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 7pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="9">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 59pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="78"><font class="_mt">&nbsp;</font>Gross<font class="_mt">&nbsp;&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 9pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="12">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; width: 61pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66" width="81">&nbsp;</td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66"><font class="_mt">&nbsp;</font>Amortized<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66"><font class="_mt">&nbsp;</font>unrealized<font class="_mt">&nbsp;&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66"><font class="_mt">&nbsp;</font>unrealized<font class="_mt">&nbsp;&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl66"><font class="_mt">&nbsp;</font>Market<font class="_mt">&nbsp;&nbsp;</font></td></tr> <tr style="height: 17.25pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 17.25pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="23">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67"><u><font class="_mt">&nbsp;</font>cost<font class="_mt">&nbsp;</font></u></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67"> </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67"><u><font class="_mt">&nbsp;</font>gains<font class="_mt">&nbsp;</font></u></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67"> </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67"><u><font class="_mt">&nbsp;</font>losses<font class="_mt">&nbsp;</font></u></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67"> </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl67"><u><font class="_mt">&nbsp;</font>value<font class="_mt">&nbsp;</font></u></td></tr> <tr style="height: 15pt;"><td style="border-bottom: windowtext 0.5pt solid; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl70" height="20"><font class="_mt">&nbsp;</font>July 31, 2011<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20"><font class="_mt">&nbsp;</font>US Treasury obligations&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69"><font class="_mt">&nbsp;</font>$<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,516,214 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92,716 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font class="_mt">&nbsp;&nbsp; </font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp; </font>7,608,930 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr> <tr style="height: 15.75pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69"><font class="_mt">&nbsp;</font>$<font class="_mt">&nbsp;</font></td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>7,516,214 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>92,716 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font class="_mt">&nbsp;&nbsp; </font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp;&nbsp;&nbsp; </font>7,608,930 </td></tr> <tr style="height: 15.75pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr> <tr style="height: 15pt;"><td style="border-bottom: windowtext 0.5pt solid; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl70" height="20"><font class="_mt">&nbsp;</font>April 30, 2011<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20"><font class="_mt">&nbsp;</font>US Treasury obligations&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69"><font class="_mt">&nbsp;</font>$<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>12,516,208 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp; </font>164,107 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font class="_mt">&nbsp;&nbsp; </font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp; </font>12,680,315 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20" colspan="2"><font class="_mt">&nbsp;</font>Certificate of deposit&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;<font class="_mt">&nbsp;</font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>3,806,808 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68"><font size="2" class="_mt"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font class="_mt">&nbsp;&nbsp; </font></font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font size="2" class="_mt"> </font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68"><font size="2" class="_mt"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font class="_mt">&nbsp;&nbsp; </font></font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl68"><font size="2" class="_mt"> </font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65"><font class="_mt">&nbsp;&nbsp;&nbsp; </font>3,806,808 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="20">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr> <tr style="height: 15.75pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69"><font class="_mt">&nbsp;</font>$<font class="_mt">&nbsp;</font></td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>16,323,016 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp;&nbsp;&nbsp; </font>164,107 </td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </font>-<font class="_mt">&nbsp;&nbsp; </font></td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: windowtext 3px double; border-left: #f0f0f0; background-color: transparent; border-top: windowtext 0.5pt solid; border-right: #f0f0f0;" class="xl71"><font class="_mt">&nbsp; </font>16,487,123 </td></tr> <tr style="height: 15.75pt;"><td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; height: 15.75pt; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65" height="21">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl69">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td> <td style="border-bottom: #f0f0f0; border-left: #f0f0f0; background-color: transparent; border-top: #f0f0f0; border-right: #f0f0f0;" class="xl65">&nbsp;</td></tr></table>&nbsp;<font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font> 21948 17353 243992 -112521 5610581 9589501 -6061186 -4865193 -6266593 -4995064 -3479 -4588 5000 19795 7832 24332 6054696 5120329 -6268535 -5111379 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(1)&nbsp;Background and Basis of Presentation</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Ocean Power Technologies, Inc. (the "Company") was incorporated on April&nbsp;19, 1984 in New Jersey, commenced commercial operations in 1994 and re-incorporated in Delaware in April&nbsp;2007. The Company develops and is commercializing proprietary systems that generate electricity by harnessing the renewable energy of ocean waves. The Company markets and sells its products in the United States and internationally.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Article&nbsp;10 of Regulation&nbsp;S-X. Accordingly, they do not include all the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. The interim operating results are not necessarily indicative of the results for a full year or for any other interim period. Further information on potential factors that could affect the Company's financial results can be found in the Company's Annual Report on Form &nbsp;&nbsp;&nbsp;10-K for the year ended April&nbsp;30, 2011 filed with the Securities and Exchange Commission ("SEC")&nbsp;and elsewhere in this Form 10-Q.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Consolidation</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The accompanying consolidated financial statements include the accounts of the Company and its majority-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. Participation of stockholders other than the Company in the net assets and in the earnings or losses of a consolidated subsidiary is reflected as a noncontrolling interest in the Company's Consolidated Balance Sheets and Statements of Operations, which adjusts the Company's consolidated results of operations to reflect only the Company's share of the earnings or losses of the consolidated subsidiary. As of July 31, 2011, there was one noncontrolling interest, consisting of 11.8% of the Company's Australian subsidiary, Ocean Power Technologies (Australasia) Pty. Ltd.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">In addition, the Company evaluates its relationships with other entities to identify whether they are variable interest entities, and to assess whether it is the primary beneficiary of such entities. If the determination is made that the Company is the primary beneficiary, then that entity is included in the consolidated financial statements. As of July 31, 2011, there were no such entities.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company has a 10% investment in Iberdrola Energias Marinas de Cantabria, S.A. ("Iberdrola Cantabria"). Revenues from Iberdrola Cantabria for the three months ended July 31, 2011 and 2010 were $0 and $(231,000), respectively. Additionally, accounts receivable from Iberdrola Cantabria aggregated $331,000 and $341,000 as of July 31, 2011 and April&nbsp;30, 2011, respectively. See Note 2(a)&nbsp;and Note 9.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Use of Estimates</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The preparation of the consolidated financial statements requires management of the Company to make a number of estimates and assumptions relating to the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the period. Significant items subject to such estimates and assumptions include the recoverability of the carrying amount of property and equipment and patents; valuation allowances for receivables and deferred income tax assets; and percentage of completion of customer contracts for purposes of revenue recognition. Actual results could differ from those estimates. The current economic environment has increased the degree of uncertainty inherent in those estimates and assumptions.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> 832142 716186 622245 627500 131635 132920 -1285 132920 -90079 -90072 -7 -90072 23143 80637 56836 21719 82658 6035907 271005 0.001 0.001 5000000 5000000 0 0 0 0 250000 11998844 10000000 -6270072 -3479 -6266593 -6266593 -4999652 -4588 -4995064 -4995064 792092 796059 456316 1321853 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(5)&nbsp;Related Party Transactions</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">In August 1999, the Company entered into a consulting agreement with an individual for the provision of marketing services. Currently, this agreement provides for fees at a rate of $950 per day of services provided. The individual became a member of the board of directors in June 2006. Under this consulting agreement, the Company expensed approximately $21,000 during each of the three month periods ended July&nbsp;31, 2011 and 2010, respectively. The amount of consulting fees payable to this individual at July 31, 2011 and April&nbsp;30, 2011 was $7,000. In addition, this individual is also the chief executive officer of a company that provides engineering and technical services to the Company. The Company incurred expenses of approximately $22,000 and $57,000 for such services during the three months ended July&nbsp;31, 2011 and 2010, respectively. The amount payable to the individual's company was $5,000 and $56,000 at July 31, 2011 and April&nbsp;30, 2011, respectively. The Company also provides services to the company where this individual is the chief executive officer. The Company recorded revenue of approximately $16,000 for such services during the three months ended July 31, 2011. There was no such revenue recorded during the three months ended July 31, 2010. There were no amounts receivable from the individual's company at July 31, 2011 and July 31, 2010, respectively.</font></p> 6008 89378 4025786 3100587 1624669 1591189 -110848972 -115844036 1374407 1910852 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(11)&nbsp;Operating Segments and Geographic Information</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company views its business as one segment, which is the development and sale of its PowerBuoy product for wave energy applications. The Company operates on a worldwide basis with one operating company in the US, one operating subsidiary in the UK and one operating subsidiary in Australia, which are categorized below as North America, Europe and Australia, respectively. Revenues are generally attributed to the operating unit that bills the customers.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Geographic information is as follows:</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font size="2" class="_mt" style="font-family: Times New Roman;"> </font></p> <table style="width: 518pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="690"><tr style="height: 27pt;"> <td style="background-color: white; width: 12pt; height: 27pt;" class="xl75" height="36" width="16"><strong><em><font size="2" class="_mt">&nbsp;</font></em></strong></td> <td style="background-color: white; width: 12pt;" class="xl73" width="16">&nbsp;</td> <td style="background-color: white; width: 12pt;" class="xl73" width="16">&nbsp;</td> <td style="background-color: white; width: 12pt;" class="xl73" width="16">&nbsp;</td> <td style="background-color: white; width: 12pt;" class="xl73" width="16">&nbsp;</td> <td style="background-color: white; width: 12pt;" class="xl73" width="16">&nbsp;</td> <td style="background-color: white; width: 105pt;" class="xl73" width="140">&nbsp;</td> <td style="background-color: white; width: 13pt;" class="xl73" width="17">&nbsp;</td> <td style="background-color: white; width: 73pt;" class="xl80" width="97"> <p align="center"><strong>North America</strong></p></td> <td style="background-color: white; width: 13pt;" class="xl73" width="17">&nbsp;</td> <td style="background-color: white; width: 73pt;" class="xl72" width="97"> <p align="center"><strong>Europe</strong></p></td> <td style="background-color: white; width: 17pt;" class="xl73" width="23">&nbsp;</td> <td style="background-color: white; width: 70pt;" class="xl84" width="93"> <p align="center"><strong>Asia and Australia</strong></p></td> <td style="background-color: white; width: 11pt;" class="xl73" width="15">&nbsp;</td> <td style="background-color: white; width: 71pt;" class="xl81" width="95"> <p align="center"><strong>Total</strong></p></td></tr> <tr style="height: 27.75pt;"><td style="background-color: white; height: 27.75pt;" class="xl82" height="37" colspan="7"><strong>Three months ended July 31, 2011</strong></td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent; width: 73pt;" class="xl85" width="97">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl87">&nbsp;</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="7">Revenues from external customers&#8230;&#8230;</td> <td style="background-color: white;" class="xl74">$</td> <td style="background-color: transparent;" class="xl76" align="right">1,688,551 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">222,301 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl88"> <p align="right">&#8212;</p></td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">1,910,852 </td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="6">Operating loss</td> <td style="background-color: white;" class="xl73" colspan="2">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;...&#8230;&#8230;.</td> <td style="background-color: transparent;" class="xl76" align="right">(4,647,691)</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">(413,622)</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">(50,066)</td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">(5,111,379)</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl82" height="17" colspan="7"><strong>Three months ended July 31, 2010</strong></td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent; width: 73pt;" class="xl85" width="97">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl87">&nbsp;</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="8">Revenues from external customers&#8230;&#8230;</td> <td style="background-color: transparent;" class="xl76" align="right">1,452,135 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">(77,728)</td> <td style="background-color: transparent;" class="xl89">(1)</td> <td style="background-color: transparent;" class="xl88"> <p align="right">&#8212;</p></td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">1,374,407 </td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="6">Operating loss</td> <td style="background-color: white;" class="xl73" colspan="2">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;...&#8230;&#8230;.</td> <td style="background-color: transparent;" class="xl76" align="right">(5,732,219)</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">(498,672)</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">(37,644)</td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">(6,268,535)</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl79" height="17" colspan="6"><strong>July 31, 2011</strong></td> <td style="background-color: white;" class="xl83">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent; width: 73pt;" class="xl85" width="97">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl87">&nbsp;</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="7">Long-lived assets..&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</td> <td style="background-color: white;" class="xl74">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">568,436 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">227,623 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl88"> <p align="right">&#8212;</p></td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">796,059 </td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="5">Total assets</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73" colspan="2">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;...&#8230;&#8230;.</td> <td style="background-color: transparent;" class="xl76" align="right">42,679,671 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">5,210,906 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">900,312 </td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">48,790,889 </td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl79" height="17" colspan="7"><strong>April 30, 2011</strong></td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent; width: 73pt;" class="xl85" width="97">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl86">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl87">&nbsp;</td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="7">Long-lived assets..&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</td> <td style="background-color: white;" class="xl74">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">619,861 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">172,231 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl88"> <p align="right">&#8212;</p></td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">792,092 </td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17" colspan="5">Total assets</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;...&#8230;&#8230;.</td> <td style="background-color: white;" class="xl74">$</td> <td style="background-color: transparent;" class="xl76" align="right">47,697,028 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">4,935,922 </td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">919,628 </td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76" align="right">53,552,578 </td></tr> <tr style="height: 12.95pt;"><td style="background-color: white; height: 12.95pt;" class="xl73" height="17">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: white;" class="xl73">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl77">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td> <td style="background-color: transparent;" class="xl78">&nbsp;</td> <td style="background-color: transparent;" class="xl76">&nbsp;</td></tr></table> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(1) See Note 2(a).</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> 2028910 2019742 410568 370882 10390563 -1072 10411563 -1072 10419183 -7685 10411295 -13485 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(2)&nbsp;Summary of Significant Accounting Policies</font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(a)&nbsp;Revenue Recognition</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company primarily recognizes revenue under the percentage-of-completion method. The percentage of completion is determined by relating the costs incurred to date to the estimated total costs. The cumulative effects resulting from revisions of estimated total contract costs and revenues are recorded in the period in which the facts requiring revision become known. Upon anticipating a loss on a contract, the Company recognizes the full amount of the anticipated loss in the current period. Accruals related to losses on contracts in the amount of approximately $785,000 are included in accrued expenses in the accompanying consolidated balance sheets as of July 31, 2011 and April&nbsp;30, 2011. Modifications to contract provisions, such as those currently being discussed in connection with the Company's Spain construction agreement (see Note 9), as well as modifications in contract loss estimates, may require changes in accruals established for anticipated contract losses. During the three months ended July 31, 2010, the Company's revenue was reduced by approximately $231,000 due to a change in estimated revenue to be recognized in connection with the Spain construction agreement.</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">Generally, the Company recognizes revenue using the percentage-of-completion method based on the ratio of costs incurred to total estimated costs at completion. In certain circumstances, revenue under contracts that have specified milestones or other performance criteria may be recognized only when the customer acknowledges that such criteria have been satisfied. In addition, recognition of revenue (and the related costs) may be deferred for fixed-price contracts until contract completion if the Company is unable to reasonably estimate the total costs of the project prior to completion. Because the Company has a small number of contracts, revisions to the percentage-of-completion determination or delays in meeting performance criteria or in completing projects may have a significant effect on revenue for the periods involved. Upon anticipating a loss on a contract, the Company recognizes the full amount of the anticipated loss in the current period.</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt">&nbsp;Generally the Company's contracts are either cost plus or fixed price contracts. Under cost plus contracts, customers are billed for actual expenses incurred plus an agreed-upon fee. Revenue is typically recorded using the percentage-of-completion method based on the maximum awarded contract amount. In certain cases the Company may choose to incur costs in excess of the maximum awarded contract amount, resulting in a loss on the contract. Currently, the Company has two types of fixed price contracts, firm fixed price and cost-sharing. Under firm fixed price contracts, the Company receives an agreed-upon amount for providing products and services specified in the contract. Revenue is typically recorded using the percentage-of-completion method based on the contract amount. Depending on whether actual costs are more or less than the agreed-upon amount, there is a profit or loss on the project. Under cost-sharing contracts the fixed amount agreed upon with the customer is only intended to fund a portion of the costs on a specific project. The Company funds the remainder of the costs as part of its product development efforts. Revenue is typically recorded using the percentage-of-completion method based on the amount agreed upon with the customer. An amount corresponding to the revenue is recorded in cost of revenues, resulting in gross profit on these contracts of zero. The Company's share of the costs is recorded as product development expense.</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Unbilled receivables represent expenditures on contracts, plus applicable profit margin, not yet billed. Unbilled receivables are normally billed and collected within one year. Billings made on contracts are recorded as a reduction of unbilled receivables, and to the extent that such billings and cash collections exceed costs incurred plus applicable profit margin, they are recorded as unearned revenues.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(b)&nbsp;Cash and Cash Equivalents</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Cash equivalents consist of investments in short-term financial instruments with initial maturities of three months or less from the date of purchase. Cash and cash equivalents include the following: $2,500,000 and $273,000 of certificates of deposit with an initial term of less than three months at July 31, 2011 and April 30, 2011, respectively and $2,562,000</font><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt"> and $482,000 <font style="background: white;" class="_mt">invested in money market funds as of July 31, 2011 and April 30, 2011, respectively.</font></font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(c)&nbsp;Restricted Cash and Credit Facility</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company had $1,591,189 and $1,624,669 of restricted cash as of July 31, 2011 and April 30, 2011, respectively. The cash is restricted under the terms of two security agreements.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">One agreement is between Ocean Power Technologies, Inc. and Barclays Bank. Under this agreement, the cash is on deposit at Barclays Bank and serves as security for letters of credit that are expected to be issued by Barclays Bank on behalf of Ocean Power Technologies Ltd., one of the Company's wholly-owned subsidiaries, under a &#8364;800,000 credit facility established by Barclays Bank for Ocean Power Technologies Ltd. The credit facility is for the issuance of letters of credit and bank guarantees, and carries a fee of 1% per annum of the amount of any such obligations issued by Barclays Bank. As of July 31, 2011 there were &#8364;266,000 in letters of credit outstanding under this agreement. The credit facility does not have an expiration date, but is cancelable at the discretion of the bank. As of July 31, 2011, approximately &#8364;720,000 is included in restricted cash.</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The other agreement is between Ocean Power Technologies, Inc. and the New Jersey Board of Public Utilities ("NJBPU"). The Company received a $500,000 recoverable grant award from the NJBPU. Under this agreement, the Company is required to assign to the NJBPU a certificate of deposit in an amount equal to the outstanding grant balance. The Company has assigned to the NJBPU certificates of deposit in the amount of $500,000, which are outstanding as of July 31, 2011. See Note 6.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">&nbsp;<i>(d)&nbsp;Foreign Exchange Gains and Losses</i></font></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The Company has invested in certain certificates of deposit and has maintained cash accounts that are denominated in British pounds sterling, Euros and Australian dollars. Such certificates of deposit and cash accounts had a balance of approximately $5,214,000 and $4,793,000 as of July 31, 2011 and April 30, 2011, respectively. These amounts are included in cash, cash equivalents, restricted cash and marketable securities on the accompanying balance sheets. Such positions may result in realized and unrealized foreign exchange gains or losses from exchange rate fluctuations, which gains and losses are included in foreign exchange (loss) gain&nbsp;in the accompanying consolidated statements of operations. Foreign exchange (loss)&nbsp;was $(9,041) and $(239,002) for the three months ended July 31, 2011and 2010, respectively.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(e)&nbsp;Long-Lived Assets</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Long-lived assets, such as property and equipment and purchased intangible assets subject to amortization, are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of the asset to estimated undiscounted future cash flows expected to be generated by the asset. If the carrying amount of the asset exceeds its estimated future cash flows, then an impairment charge is recognized in the amount by which the carrying amount of the asset exceeds the fair value of the asset. The Company reviewed its long-lived assets for impairment and determined there was no impairment for the three months ended July 31, 2011.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(f)&nbsp;Concentration of Credit Risk</font></i></b><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Financial instruments that potentially subject the Company to concentration of credit risk consist principally of cash balances, bank certificates of deposit and trade receivables. The Company invests its excess cash in highly liquid investments (principally, short-term bank deposits, Treasury bills, Treasury notes and money market funds) and does not believe that it is exposed to any significant risks.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The table below shows the percentage of the Company's revenues derived from customers whose revenues accounted for at least 10% of the Company's consolidated revenues for at least one of the periods indicated:</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font size="2" class="_mt" style="font-family: Times New Roman;"> </font>&nbsp;</p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font size="2" class="_mt" style="font-family: Times New Roman;">&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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<strong><u>Three months ended July 31,</u></strong></font></p> <p style="line-height: normal; text-indent: -0.25in; margin: 6pt 0in 0pt 0.5in; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font size="2" class="_mt" style="font-family: Times New Roman;"> </font></p> <table style="width: 378pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="504"><tr style="height: 12.75pt;"> <td style="background-color: transparent; width: 8pt; height: 12.75pt;" class="xl71" height="17" width="11">&nbsp;</td> <td style="background-color: transparent; width: 123pt;" class="xl71" width="164">&nbsp;</td> <td style="background-color: transparent; width: 92pt;" class="xl71" width="123">&nbsp;</td> <td style="background-color: transparent; width: 29pt;" class="xl71" width="38">&nbsp;</td> <td style="background-color: transparent; width: 35pt;" class="xl71" width="47">&nbsp;</td> <td style="background-color: transparent; width: 18pt;" class="xl76" width="24"><u><strong><font size="2" class="_mt"> </font></strong></u></td> <td style="background-color: transparent; width: 41pt;" class="xl76" width="54"><u><strong><font size="2" class="_mt"> </font></strong></u></td> <td style="background-color: transparent; width: 32pt;" class="xl75" width="43"><u><strong><font size="2" class="_mt"> </font></strong></u></td></tr> <tr style="height: 12.75pt;"><td style="background-color: transparent; height: 12.75pt;" class="xl71" height="17"><u><strong><font size="2" class="_mt"> </font></strong></u></td> <td style="background-color: transparent;" class="xl75"><u><strong><font size="2" class="_mt">Customer</font></strong></u></td> <td style="background-color: transparent;" class="xl71"><u><strong><font size="2" class="_mt"> </font></strong></u></td> <td style="background-color: transparent;" class="xl71"><u><strong><font size="2" class="_mt"> </font></strong></u></td> <td style="background-color: transparent;" class="xl72"> <p align="center"><strong><font size="2" class="_mt"><u>2011</u></font></strong></p></td> <td style="background-color: transparent;" class="xl73"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl72"> <p align="center"><strong><font size="2" class="_mt"><u>2010(1)</u></font></strong></p></td> <td style="background-color: transparent;" class="xl73"><strong><font size="2" class="_mt"> </font></strong></td></tr> <tr style="height: 12.75pt;"><td style="background-color: transparent; height: 12.75pt;" class="xl71" height="17"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl71"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl71"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl71"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl74"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl74"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl74"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl74"><strong><font size="2" class="_mt"> </font></strong></td></tr> <tr style="height: 12.75pt;"><td style="background-color: transparent; height: 12.75pt;" class="xl71" height="17"><strong><font size="2" class="_mt"> </font></strong></td> <td style="background-color: transparent;" class="xl71" colspan="2"><font size="2" class="_mt">US Navy&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;.</font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl79"> <p align="right"><font size="2" class="_mt">60%</font></p></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl77" align="right"><font size="2" class="_mt">79%</font></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td></tr> <tr style="height: 12.75pt;"><td style="background-color: transparent; height: 12.75pt;" class="xl71" height="17"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71" colspan="2"><font size="2" class="_mt">US Department of Energy&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl79"> <p align="right"><font size="2" class="_mt">25%</font></p></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl79"> <p align="right"><font size="2" class="_mt">24%</font></p></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td></tr> <tr style="height: 12.75pt;"><td style="background-color: transparent; height: 12.75pt;" class="xl71" height="17"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71" colspan="2"><font size="2" class="_mt">UK Government's Technology Strategy Board&#8230;&#8230;..</font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl79"> <p align="right"><font size="2" class="_mt">12%</font></p></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl74" align="right"> <p align="right"><font size="2" class="_mt">&#8212;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td></tr> <tr style="height: 12.75pt;"><td style="background-color: transparent; height: 12.75pt;" class="xl71" height="17"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71" colspan="2"><font size="2" class="_mt">Scottish Government&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;&#8230;</font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl74" align="right"> <p align="right"><font size="2" class="_mt">&#8212;&nbsp;&nbsp;&nbsp;&nbsp;</font></p></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl79"> <p align="right"><font size="2" class="_mt">11%</font></p></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td></tr> <tr style="height: 12.75pt;"><td style="background-color: transparent; height: 12.75pt;" class="xl71" height="17"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td></tr> <tr style="height: 13.5pt;"><td style="background-color: transparent; height: 13.5pt;" class="xl71" height="18"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="background-color: transparent;" class="xl71"><font size="2" class="_mt"> </font></td> <td style="border-bottom: windowtext 3px double; background-color: transparent;" class="xl78" align="right"><font size="2" class="_mt">97%</font></td> <td style="background-color: transparent;" class="xl77"><font size="2" class="_mt"> </font></td> <td style="border-bottom: windowtext 3px double; background-color: transparent;" class="xl78" align="right"><font size="2" class="_mt">114%</font></td> <td style="background-color: transparent;" class="xl77">&nbsp;</td></tr> <tr style="height: 13.5pt;"><td style="background-color: transparent; height: 13.5pt;" class="xl71" height="18">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl71">&nbsp;</td> <td style="background-color: transparent;" class="xl74">&nbsp;</td> <td style="background-color: transparent;" class="xl74">&nbsp;</td> <td style="background-color: transparent;" class="xl74">&nbsp;</td> <td style="background-color: transparent;" class="xl74">&nbsp;</td></tr></table> <p style="line-height: normal; text-indent: -0.25in; margin: 6pt 0in 0pt 0.5in; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; color: black; font-size: 10pt;" class="_mt">(1)</font><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Total exceeds 100% due to a negative revenue adjustment made to another customer (see Note 2(a)).</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">The loss of, or a significant reduction in revenues from, any of the current customers could significantly impact the Company's financial position or results of operations. The Company does not require collateral from its customers.</font><font style="font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt"> </font>&nbsp;</p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><em><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt"><strong>(g) Net Loss&nbsp;per Common Share</strong></font>&nbsp;</em></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">Basic and diluted net loss per share for all periods presented is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. Due to the Company's net losses, potentially dilutive securities, consisting of outstanding stock options and non-vested performance-based shares, were excluded from the diluted loss per share calculation due to their anti-dilutive effect.</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">In computing diluted net loss per share, options to purchase shares of common stock and non-vested restricted stock issued to employees and non-employee directors, totaling 1,560,178 for the three months ended July 31, 2011 and 1,715,520 for the three months ended July 31, 2010, were excluded from the computations as the effect would be anti-dilutive due to the Company's losses.</font></p> <p style="text-align: justify; line-height: 115%; margin: 12pt 0in 10pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><i><font style="line-height: 115%; font-family: 'Times New Roman','serif'; background: white; font-size: 10pt;" class="_mt">(h)<font style="color: #1f497d;" class="_mt"> </font><font style="color: black;" class="_mt">Recently Issued Accounting Standards</font></font></i></b><b><font style="line-height: 115%; font-family: 'Times New Roman','serif'; font-size: 10pt;" class="_mt"> </font></b></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">In May 2011, the Financial Accounting Standards Board ("FASB") issued additional authoritative guidance related to fair value measurements and disclosures. The new guidance results in a consistent definition of fair value and common requirements for measurement of and disclosure about fair value between accounting principles generally accepted in the United States (U.S.&nbsp;GAAP) and International Financial Reporting Standards (IFRS). The guidance is effective for fiscal years and interim periods within those years beginning after December&nbsp;15, 2011. The Company is currently assessing the impact of the guidance.</font></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">In June&nbsp;2011, the FASB issued amended guidance on the presentation of comprehensive income in financial statements. This amendment provides companies the option to present the components of net income and other comprehensive income either as one continuous statement of comprehensive income or as two separate but consecutive statements. It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity. The provisions of this new guidance are effective for interim and annual periods beginning after December&nbsp;15, 2011. The adoption of this new guidance will not impact the Company's financial position, results of operations or cash flows.</font></p> 46469550 41732153 64855090 -503322 155726672 10391 40890 64814200 -90413098 -6443 59127221 -370402 156137219 10412 36126 59091095 -96679691 -6443 46491498 175907 157174930 10419 21948 46469550 -110848972 -42734 41749506 85835 157545820 10411 17353 41732153 -115844036 -65877 21000 -7888 109255 21 54420 54428 -8 54420 <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"><b><font style="font-family: 'Times New Roman','serif'; background: white; color: black; font-size: 10pt;" class="_mt">(4)&nbsp;Balance Sheet Detail</font></b></p> <p style="line-height: normal; margin: 10pt 0in 0pt; font-family: 'Calibri','sans-serif'; background: white; font-size: 11pt;" class="MsoNormal"> </p> <table style="width: 447pt; border-collapse: collapse;" border="0" cellspacing="0" cellpadding="0" width="596"> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 11pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="20" width="15"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 131pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" width="174"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 48pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" width="64"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 48pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" width="64"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 14pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl74" width="19">&nbsp;</td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl75" width="96">July 31, 2011</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 48pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" width="64"> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl75" width="100">April 30, 2011</td></tr> <tr style="height: 7.5pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 7.5pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="10"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl77" height="20" colspan="2">Property and Equipment</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 11pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" height="20"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71">Property and Equipment</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76">$</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73" align="right">2,234,763 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73" align="right">2,151,179 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 11pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" height="20"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" colspan="2">Accumulated depreciation and amortization</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl78" align="right">(1,438,704)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl78" align="right">(1,359,087)</td></tr> <tr style="height: 20.25pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 20.25pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="27"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: windowtext 3px double; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl79">$</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" align="right">796,059 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" align="right">792,092 </td></tr> <tr style="height: 12.75pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 12.75pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="17"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl77" height="20" colspan="2">Patents</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 11pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" height="20"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71">Patents</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76">$</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73" align="right">1,595,723 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73" align="right">1,556,277 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 11pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" height="20"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71">Accumulated amortization</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl78" align="right">(347,772)</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl78" align="right">(333,909)</td></tr> <tr style="height: 15.75pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15.75pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="21"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: windowtext 3px double; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl79">$</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" align="right">1,247,951 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl80" align="right">1,222,368 </td></tr> <tr style="height: 14.25pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 14.25pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="19"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td></tr> <tr style="height: 6pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 6pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="8"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 700; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl77" height="20" colspan="2">Accrued Expenses</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Project costs</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76">$</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">1,545,339 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">1,505,981 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Contract loss reserves</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl76"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">785,000 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">785,000 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Employee incentive payments</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">190,579 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">749,464 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Other</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">271,074 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">282,999 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Employee-related costs</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">417,173 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">364,799 </td></tr> <tr style="height: 15.75pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15.75pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="21" colspan="2">Payroll tax withholdings</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">169,043 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">219,632 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Investment in joint venture</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">191,296 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">197,318 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Legal and accounting fees</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">234,573 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">157,616 </td></tr> <tr style="height: 15pt;"><td style="border-bottom: medium none; text-align: left; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 12px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 15pt; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl72" height="20" colspan="2">Value-added tax</td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="96" align="right">65,911 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl81" width="100" align="right">40,143 </td></tr> <tr style="height: 20.25pt;"><td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; height: 20.25pt; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71" height="27"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl71"> </td> <td style="border-bottom: windowtext 3px double; text-align: right; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl79">$</td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 72pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82" width="96" align="right">3,869,988 </td> <td style="border-bottom: medium none; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: nowrap; color: windowtext; font-size: 10pt; vertical-align: bottom; border-top: medium none; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl73"> </td> <td style="border-bottom: windowtext 3px double; border-left: medium none; padding-bottom: 0px; font-style: normal; padding-left: 0px; width: 75pt; padding-right: 0px; font-family: 'Times New Roman', serif; white-space: normal; color: black; font-size: 10pt; vertical-align: bottom; border-top: windowtext 0.5pt solid; font-weight: 400; border-right: medium none; text-decoration: none; padding-top: 0px;" class="xl82" width="100" align="right">4,302,952 </td></tr></table> 7685 13485 5800 42734 65877 23143 23143 23143