On May 7, 2012, the Company received a VAT refund related to discontinued operations in its former French subsidiary in the amount of 312,296 euros.  As of March 31, 2012, this amount was recognized in Other Assets of Discontinued Operations.  The settlement of this outstanding amount due will be classified as a reduction of asset of discontinued operations.  The related foreign exchange gain or loss will be classified as a gain or loss on the sale of discontinued operations in the first quarter of the next fiscal year.

On May 4, 2012, the Company loaned $300 to an early stage technology company in connection with a potential strategic transaction.  The loan bears interest at an annual rate of 0.28%, matures no later than November 4, 2012 and is subject to partial offset under certain circumstances.