0000880807 amsc:TwoThousandAndSevenPlanMember 2012-04-01 2012-06-30 0000880807 amsc:LoanAndSecurityAgreementMember 2012-06-23 2012-06-30 0000880807 us-gaap:EmployeeSeveranceMember 2012-06-30 0000880807 us-gaap:FacilityClosingMember 2012-03-31 0000880807 us-gaap:EmployeeSeveranceMember 2012-03-31 0000880807 us-gaap:FacilityClosingMember 2012-04-01 2012-06-30 0000880807 us-gaap:EmployeeSeveranceMember 2012-04-01 2012-06-30 0000880807 amsc:WindMember 2012-04-01 2012-06-30 0000880807 amsc:UnallocatedCorporateExpensesMember 2012-04-01 2012-06-30 0000880807 amsc:GridMember 2012-04-01 2012-06-30 0000880807 amsc:WindMember 2011-04-01 2011-06-30 0000880807 amsc:UnallocatedCorporateExpensesMember 2011-04-01 2011-06-30 0000880807 amsc:GridMember 2011-04-01 2011-06-30 0000880807 2011-05-04 2011-06-17 0000880807 amsc:SinovelWindGroupCoLtdMember 2011-12-21 2011-12-22 0000880807 amsc:SinovelWindGroupCoLtdMember 2011-10-16 2011-10-17 0000880807 amsc:SinovelWindGroupCoLtdMember 2011-10-07 2011-10-08 0000880807 us-gaap:LetterOfCreditMember 2012-04-01 2012-06-30 0000880807 2012-06-23 2012-06-30 0000880807 amsc:TresAmigasMember 2012-04-01 2012-06-30 0000880807 amsc:KararaMiningLimitedMember 2012-04-01 2012-06-30 0000880807 amsc:InoxWindLimitedMember 2012-04-01 2012-06-30 0000880807 amsc:BeijingJingchengNewEnergyCompanyLimitedMember 2012-04-01 2012-06-30 0000880807 amsc:ShenyangBlowerWorksGroupWindPowerCompanyLimitedMember 2011-04-01 2011-06-30 0000880807 amsc:DoosanHeavyIndustriesAndConstructionCompanyLimitedMember 2011-04-01 2011-06-30 0000880807 amsc:DepartmentOfEnergyMember 2011-04-01 2011-06-30 0000880807 us-gaap:StockOptionsMember 2012-04-01 2012-06-30 0000880807 us-gaap:RestrictedStockMember 2012-04-01 2012-06-30 0000880807 us-gaap:StockOptionsMember 2012-06-30 0000880807 us-gaap:RestrictedStockMember 2012-06-30 0000880807 amsc:HerculesTechnologyGrowthCapitalMember 2012-06-30 0000880807 amsc:CapitalVenturesInternationalMember 2012-06-30 0000880807 amsc:HerculesTechnologyGrowthCapitalMember 2012-06-05 0000880807 amsc:CapitalVenturesInternationalMember 2012-04-03 0000880807 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel3Member 2012-03-31 0000880807 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel2Member 2012-03-31 0000880807 us-gaap:CommercialPaperMember 2012-03-31 0000880807 us-gaap:CommercialPaperMember us-gaap:FairValueInputsLevel2Member 2012-06-30 0000880807 us-gaap:CashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2012-06-30 0000880807 us-gaap:CommercialPaperMember 2012-06-30 0000880807 us-gaap:CashEquivalentsMember 2012-06-30 0000880807 us-gaap:CashEquivalentsMember us-gaap:FairValueInputsLevel3Member 2012-03-31 0000880807 us-gaap:CashEquivalentsMember us-gaap:FairValueInputsLevel1Member 2012-03-31 0000880807 us-gaap:CashEquivalentsMember 2012-03-31 0000880807 2011-06-30 0000880807 2011-03-31 0000880807 amsc:BladeDynamicsLtdMember 2012-04-01 2012-06-30 0000880807 amsc:TresAmigasMember 2011-04-01 2012-03-31 0000880807 amsc:WindMember 2012-06-30 0000880807 amsc:GridMember 2012-06-30 0000880807 amsc:CorporateAssetsMember 2012-06-30 0000880807 amsc:WindMember 2012-03-31 0000880807 amsc:GridMember 2012-03-31 0000880807 amsc:CorporateAssetsMember 2012-03-31 0000880807 us-gaap:WarrantMember 2012-04-01 2012-06-30 0000880807 amsc:UnvestedOptionsMember 2012-04-01 2012-06-30 0000880807 amsc:UnvestedOptionsMember 2011-04-01 2011-06-30 0000880807 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2012-04-01 2012-06-30 0000880807 us-gaap:ResearchAndDevelopmentExpenseMember 2012-04-01 2012-06-30 0000880807 us-gaap:CostOfSalesMember 2012-04-01 2012-06-30 0000880807 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2011-04-01 2011-06-30 0000880807 us-gaap:ResearchAndDevelopmentExpenseMember 2011-04-01 2011-06-30 0000880807 us-gaap:CostOfSalesMember 2011-04-01 2011-06-30 0000880807 amsc:LoanAndSecurityAgreementMember 2012-05-29 2012-06-05 0000880807 amsc:SecuritiesPurchaseAgreementMember 2012-03-28 2012-04-04 0000880807 2012-07-27 0000880807 us-gaap:MinimumMember 2012-04-01 2012-06-30 0000880807 us-gaap:MaximumMember 2012-04-01 2012-06-30 0000880807 us-gaap:FairValueInputsLevel3Member 2012-06-30 0000880807 amsc:SinovelWindGroupCoLtdMember 2011-03-31 0000880807 amsc:SecuritiesPurchaseAgreementMember 2012-06-30 0000880807 amsc:LoanAndSecurityAgreementMember 2012-06-30 0000880807 amsc:LoanAndSecurityAgreementMember 2012-06-05 0000880807 amsc:SecuritiesPurchaseAgreementMember 2012-04-04 0000880807 us-gaap:USTreasurySecuritiesMember us-gaap:MinimumMember 2012-04-01 2012-06-30 0000880807 us-gaap:USTreasurySecuritiesMember us-gaap:MaximumMember 2012-04-01 2012-06-30 0000880807 amsc:CapitalVenturesInternationalMember 2012-04-04 0000880807 amsc:CapitalVenturesInternationalMember 2012-03-27 2012-04-03 0000880807 amsc:HerculesTechnologyGrowthCapitalMember 2012-05-29 2012-06-05 0000880807 us-gaap:MinimumMember 2012-03-28 2012-04-04 0000880807 us-gaap:MaximumMember 2012-03-28 2012-04-04 0000880807 2011-04-06 2011-05-12 0000880807 amsc:CapitalVenturesInternationalMember 2012-04-01 2012-06-30 0000880807 amsc:TresAmigasMember 2012-06-30 0000880807 amsc:BladeDynamicsLtdMember 2012-06-30 0000880807 amsc:TresAmigasMember 2012-03-31 0000880807 amsc:BladeDynamicsLtdMember 2012-03-31 0000880807 amsc:SinovelWindGroupCoLtdMember 2011-12-17 2011-12-22 0000880807 us-gaap:LetterOfCreditMember 2012-06-30 0000880807 amsc:SinovelWindGroupCoLtdMember 2011-03-29 2011-03-31 0000880807 amsc:CapitalVenturesInternationalMember 2012-03-28 2012-04-04 0000880807 us-gaap:DerivativeFinancialInstrumentsLiabilitiesMember 2012-06-30 0000880807 us-gaap:WarrantMember 2012-06-30 0000880807 amsc:BladeDynamicsLtdMember 2010-08-12 0000880807 amsc:TresAmigasMember 2009-10-09 0000880807 amsc:HerculesTechnologyGrowthCapitalMember 2012-04-01 2012-06-30 0000880807 amsc:DalianGuotongElectricCoLtdMember 2011-09-15 2011-09-16 0000880807 amsc:SinovelWindGroupCoLtdMember 2011-09-12 2011-09-13 0000880807 amsc:AmscWindtecMember 2011-05-11 2011-05-12 0000880807 2011-04-01 2012-03-31 0000880807 2012-03-28 2012-04-04 0000880807 amsc:SecuritiesPurchaseAgreementMember 2012-04-01 2012-06-30 0000880807 amsc:LoanAndSecurityAgreementMember 2012-04-01 2012-06-30 0000880807 amsc:ConvertibleBondMember 2012-04-01 2012-06-30 0000880807 amsc:TresAmigasMember 2011-05-20 0000880807 amsc:TresAmigasMember 2011-01-06 0000880807 2012-04-01 2012-06-30 0000880807 2012-06-30 0000880807 2012-03-31 0000880807 2011-04-01 2011-06-30 amsc:employee iso4217:USD xbrli:shares iso4217:CNY iso4217:EUR xbrli:shares xbrli:pure iso4217:USD 20551000 25894000 17516000 10 1800000 1800000 65700000 800000 100000 1500000 10262311 3500000 7055000 3282000 6000000 9000000 38000000 6000000 1200000 200000 500000 15000000 800000 8000000 three 3700000 4500000 yes yes 1.17 1.21 0.30 0.30 yes yes 7018000 380000 757000 1631000 3779000 3800000 485000000 76000000 2388000 7300000 17500000 7300000 105000000 17000000 1071000 -7301000 2900000000 453000000 6083000 3859000 5149000 3632000 23200000 2282000 2200000 100000 205000 1016000 707000 392000 1 2 3 2 -271000 -36000 0.0999 0.0499 0.0375 5.45 3.59 7000000 400000 139000 3100000 0.20 25000000 <div> <table border="0" cellspacing="0"> <tr><td width="64%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td></tr> <tr valign="bottom"><td width="64%" align="left"> </td> <td width="2%" align="right"> </td> <td width="15%" align="center">June 30,</td> <td width="2%" align="center"> </td> <td width="15%" align="center">March 31,</td></tr> <tr valign="bottom"><td width="64%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid; text-indent: 1px;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid; text-indent: 2px;" width="15%" align="center">2012</td></tr> <tr valign="bottom"><td width="64%" align="left">Wind</td> <td width="2%" align="right">$</td> <td width="15%" align="right">66,598</td> <td width="2%" align="right">$</td> <td width="15%" align="right">70,054</td></tr> <tr valign="bottom"><td width="64%" align="left">Grid</td> <td width="2%" align="right"> </td> <td width="15%" align="right">82,006</td> <td width="2%" align="right"> </td> <td width="15%" align="right">89,091</td></tr> <tr valign="bottom"><td width="64%" align="left">Corporate assets</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">115,574</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">95,911</td></tr> <tr valign="bottom"><td width="64%" align="left">Total</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">264,178</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">255,056</td></tr></table> </div> <div> <div> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> </td> <td> </td> <td width="34%" colspan="3" align="center">Three months ended</td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="34%" colspan="3" align="center">June 30,</td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="17%" align="center">2011</td></tr> <tr valign="bottom"><td style="border-bottom: rgb(0,0,0) 1px solid;" width="33%" align="left">Revenues:</td> <td width="2%" align="left"> </td> <td width="15%" align="left"> </td> <td width="2%" align="right"> </td> <td width="17%" align="left"> </td></tr> <tr valign="bottom"><td width="33%" align="left">Wind</td> <td width="2%" align="right">$</td> <td width="15%" align="right">16,511</td> <td width="2%" align="right">$</td> <td width="17%" align="right">4,262</td></tr> <tr valign="bottom"><td width="34%" align="left">Grid</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">12,205</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="17%" align="right">4,796</td></tr> <tr valign="bottom"><td style="text-indent: 6px;" width="33%" align="left">Total</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">28,716</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$ </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="17%" align="right">9,058</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="60%"> </td> <td width="2%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td width="2%" align="right"> </td> <td width="33%" colspan="4" align="center">Three months ended</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="33%" colspan="4" align="center">June 30,</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2011</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: rgb(0,0,0) 1px solid;" width="60%" align="left">Operating (loss) income:</td> <td width="2%" align="right"> </td> <td width="14%" align="left"> </td> <td width="2%" align="left"> </td> <td width="2%" align="right"> </td> <td width="15%" align="left"> </td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left">Wind</td> <td width="2%" align="right">$</td> <td width="14%" align="right">1,301</td> <td width="2%" align="left"> </td> <td width="2%" align="right">$</td> <td width="15%" align="right">(24,370</td> <td width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="60%" align="left">Grid</td> <td width="2%" align="right"> </td> <td width="14%" align="right">(5,343</td> <td width="2%" align="left">)</td> <td width="2%" align="right"> </td> <td width="15%" align="right">(10,552</td> <td width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="60%" align="left">Unallocated corporate expenses</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="right">(2,086</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(3,405</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 6px;" width="60%" align="left">Total</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="14%" align="right">(6,128</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">(38,327</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     </div> </div> <div> <table border="0" cellspacing="0"> <tr><td width="60%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td> <td width="18%"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="center">Derivative Liability</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="18%" align="center">Warrants</td></tr> <tr valign="bottom"><td width="60%" align="left">April 1, 2012</td> <td width="2%" align="right">$ </td> <td width="16%" align="right">—</td> <td width="2%" align="right">$ </td> <td width="18%" align="right">—</td></tr> <tr valign="bottom"><td width="60%" align="left">Valuation of derivative liability</td> <td width="2%" align="right"> </td> <td width="16%" align="right">3,779</td> <td width="2%" align="right"> </td> <td width="18%" align="right">—</td></tr> <tr valign="bottom"><td width="60%" align="left">Warrant issuance with Senior Convertible Notes</td> <td width="2%" align="right"> </td> <td width="16%" align="right">—</td> <td width="2%" align="right"> </td> <td width="18%" align="right">7,018</td></tr> <tr valign="bottom"><td width="60%" align="left">Warrant issuance with Senior Secured Term Loan</td> <td width="2%" align="right"> </td> <td width="16%" align="right">—</td> <td width="2%" align="right"> </td> <td width="18%" align="right">380</td></tr> <tr valign="bottom"><td width="60%" align="left">Mark to market adjustment</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="right">757</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="18%" align="right">1,631</td></tr> <tr valign="bottom"><td width="60%" align="left">Balance at June 30, 2012</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">4,536</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="18%" align="right">9,029</td></tr></table> </div> P7Y P5Y 7000000 400000 500000 8500000 4600000000 720000000 9029000 9029000 3100000 P3Y P1Y 51172000 51997000 false --03-31 Q1 2013 2012-06-30 10-Q 0000880807 52631649 Accelerated Filer 430 AMERICAN SUPERCONDUCTOR CORP /DE/ 5.45 3.59

37582000

30850000

18999000

13558000

2027000

863000

896603000

899612000

3466000

329000

660000

2477000

1994000

170000

562000

1262000

52000

304000

81000

3000000

6300000

3100000

3200000

255056000

95911000

89091000

70054000

264178000

115574000

82006000

66598000

143571000

155101000

16240000

11442000

2009-10-09

2010-08-12

123783000

130885000

46279000

60487000

7102000

14208000

23485000

40387000

5209000

40387000

5209000

15000000

5304000

<div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">12. Commitments and Contingencies <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Commitments <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Purchase Commitments <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company periodically enters into non-cancelable purchase contracts in order to ensure the availability of materials to support production of its products. Purchase commitments represent enforceable and legally binding agreements with suppliers to purchase goods or services. The Company periodically assesses the need to provide for impairment on these purchase contracts and record a loss on purchase commitments when required. As of June 30, 2012, the Company recorded a liability for adverse purchase commitments of $17.5 million. During the three months ended June 30, 2012, the Company adjusted its accrual for adverse purchase commitments by $7.3 million due to settlements with certain vendors. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     During the fourth quarter of the year ended March 31, 2012, several vendors notified the Company that they had suffered losses as a result of procuring safety stock in anticipation of receiving future purchase orders or contracts from the Company and subsequently three vendors have filed suits through the Chinese legal system seeking payment for inventories held to be delivered under purchase orders and safety stock. The Company has accrued outstanding adverse purchase commitments based on legally binding contracts and purchase orders that were placed with its vendors for parts with no future demand. The vendor claims for safety stock were not supported by valid purchase orders or valid executed contracts and are not considered part of the adverse purchase commitment liability. The claims for safety stock have not been accrued as of June 30, 2012. The Company has determined that although it believes that there is no legally enforceable contract for safety stock and will continue to defend its legal position that it does not owe amounts for safety stock, that it is reasonably possible that a case may be made against the Company under certain situations. As the loss is reasonably possible but not probable, the Company has not accounted for the loss. The Company has determined that the range for this potential loss is between $0 and $4 million. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Contingencies <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     From time to time, the Company is involved in legal and administrative proceedings and claims of various types. The Company records a liability in its consolidated financial statements for these matters when a loss is known or considered probable and the amount can be reasonably estimated. The Company reviews these estimates each accounting period as additional information is known and adjusts the loss provision when appropriate. If a matter is both probable to result in liability and the amounts of loss can be reasonably estimated, the Company estimates and discloses the possible loss or range of loss. If the loss is not probable or cannot be reasonably estimated, a liability is not recorded in its consolidated financial statements. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Between April 6, 2011 and May 12, 2011, seven putative securities class action complaints were filed against the Company and two of its officers in the United States District Court for the District of Massachusetts; one complaint additionally asserted claims against the underwriters who participated in our November 12, 2010 securities offering. On June 7, 2011, the United States District Court for the District of Massachusetts consolidated these actions under the caption Lenartz v. American Superconductor Corporation, et al., Docket No. 1:11-cv-10582-WGY. On August 31, 2011, Lead Plaintiff, the Plumbers and Pipefitters National Pension Fund, filed a consolidated amended complaint against the Company, its officers and directors, and the underwriters who participated in our November 12, 2010 securities offering, asserting claims under sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated under the Securities Exchange Act of 1934 (the "Exchange Act"), as well as under sections 11, 12(a)(2) and 15 of the Securities Act of 1933 (the "Securities Act"). The complaint alleges that during the relevant class period, the Company and its officers omitted to state material facts and made materially false and misleading statements relating to, among other things, its projected and recognized revenues and earnings, as well as its relationship with Sinovel Wind Group Co., Ltd. that artificially inflated the value of the Company's stock price. The complaint further alleges that the Company's November 12, 2010 securities offering contained untrue statements of material facts and omitted to state material facts required to be stated therein. The plaintiffs seek unspecified damages, rescindment of the Company's November 12, 2010 securities offering, and an award of costs and expenses, including attorney's fees. All defendants moved to dismiss the consolidated amended complaint. On December 16, 2011, the district court issued a summary order declining to dismiss the Securities Act claims against the Company and its officers, and taking under advisement the motion to dismiss the Exchange Act claims against the Company and its officers and the motion to dismiss the Securities Act claims made against the underwriters. On July 26, 2012, the district court dismissed the Exchange Act claims against the Company and its officers and denied the motion to dismiss the Securities Act claims made against the underwriters. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Between May 4, 2011 and June 17, 2011, four putative shareholder derivative complaints were filed against the Company (as a nominal defendant) and certain of its directors in the United States District Court for the District of Massachusetts. On July 5, 2011, the District Court consolidated three of these actions, and that matter is now captioned In re American Superconductor Corporation Derivative Litigation, Docket No. 1:11-cv-10784-WGY. On June 1, 2011, the plaintiff in the fourth action, Marlborough Family Revocable Trust v. Yurek, et al., moved to voluntarily dismiss its complaint and refiled its complaint in Superior Court for the Commonwealth of Massachusetts, Middlesex County. On September 7, 2011, the Marlborough action and another putative shareholder derivative complaint filed in Superior Court for the Commonwealth of Massachusetts were consolidated. That consolidated matter is captioned Marlborough Family Revocable Trust v. Yurek, et al., Docket No. 11-1961. On January 12, 2012, an additional shareholder derivative complaint was filed in the Court of Chancery for the State of Delaware. That matter is captioned Krasnoff v. Budhraja, et al., Docket No. 7171. The allegations of the derivative complaints mirror the allegations made in the putative class action complaints described above. The plaintiffs purport to assert claims against the director defendants for breach of fiduciary duty, abuse of control, gross mismanagement, unjust enrichment and corporate waste. The plaintiffs seek unspecified damages on behalf of the Company, as well as an award of costs and expenses, including attorney's fees. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     With respect to the above referenced litigation matters, an estimate of loss or range of loss cannot be made. There are numerous factors that make it difficult to meaningfully estimate possible loss or range of loss at this stage of these litigation matters, including that: the proceedings are in relatively early stages, there are significant factual and legal issues to be resolved, information obtained or rulings made during the lawsuits could affect the methodology for calculation of rescission and the related statutory interest rate. In addition, with respect to claims where damages are the requested relief, no amount of loss or damages has been specified. Therefore, the Company is unable at this time to estimate possible losses. The Company believes that these litigations are without merit, and it intends to defend these actions vigorously. Therefore no adjustment has been made to the financial statements to reflect the outcome of these uncertainties. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     On September 13, 2011, the Company commenced a series of legal actions in China against Sinovel Wind Group Co. Ltd. ("Sinovel"). The Company's Chinese subsidiary, Suzhou AMSC Superconductor Co. Ltd., filed a claim for arbitration with the Beijing Arbitration Commission in accordance with the terms of the Company's supply contracts with Sinovel. The case is captioned (2011) Jin Zhong An Zi No. 0963. On March 31, 2011, Sinovel refused to accept contracted shipments of 1.5 megawatt (MW) and 3 MW wind turbine core electrical components and spare parts that the Company was prepared to deliver. The Company alleges that these actions constitute material breaches of its contracts because Sinovel did not give it notice that it intended to delay deliveries as required under the contracts. Moreover, the Company alleges that Sinovel has refused to pay past due amounts for prior shipments of core electrical components and spare parts. The Company is seeking compensation for past product shipments and retention (including interest) in the amount of approximately RMB 485 million ($76 million) due to Sinovel's breaches of its contracts. The Company is also seeking specific performance of our existing contracts as well as reimbursement of all costs and reasonable expenses with respect to the arbitration. The value of the undelivered components under the existing contracts, including the deliveries refused by Sinovel in March 2011, amounts to approximately RMB 4.6 billion ($720 million). <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     On October 8, 2011, Sinovel filed with the Beijing Arbitration Commission an application under the caption (2011) Jing Zhong An Zi No. 0963, for a counterclaim against the Company for breach of the same contracts under which the Company filed its original arbitration claim. Sinovel claimed, among other things, that the goods supplied by the Company do not conform to the standards specified in the contracts and claimed damages in the amount of approximately RMB 370 million ($58 million). On October 17, 2011, Sinovel filed with the Beijing Arbitration Commission a request for change of counterclaim to increase its damage claim to approximately RMB 1 billion ($157 million). On December 22, 2011, Sinovel filed with the Beijing Arbitration Commission an additional request for change of counterclaim to increase its damages claim to approximately RMB 1.2 billion ($190 million). On February 27, 2012, Sinovel filed with the Beijing Arbitration Commission an application under the caption (2012) Jing Zhong An Zi No. 0157, against the Company for breach of the same contracts under which the Company filed its original arbitration claim. Sinovel claimed, among other things, that the goods supplied by the Company do not conform to the standards specified in the contracts and claimed damages in the amount of approximately RMB 105 million ($17 million). The Company believes that Sinovel's claims are without merit and it intends to defend these actions vigorously. Since the proceedings in this matter are in relatively early stages, the Company cannot reasonably estimate possible losses or range of losses at this time. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company also submitted a civil action application to the Beijing No. 1 Intermediate People's Court under the caption (2011) Yi Zhong Min Chu Zi No. 15524, against Sinovel for software copyright infringement on September 13, 2011. The application alleges Sinovel's unauthorized use of portions of the Company's wind turbine control software source code developed for Sinovel's 1.5MW wind turbines and the binary code, or upper layer, of the Company's software for the PM3000 power converters in 1.5MW wind turbines. In July 2011, a former employee of the Company's Austrian subsidiary was arrested in Austria on charges of economic espionage and fraudulent manipulation of data. In September 2011, the former employee pled guilty to the charges, and was imprisoned. As a result of the Company's internal investigation and a criminal investigation conducted by Austrian authorities, the Company believes that this former employee was contracted by Sinovel through an intermediary while employed by the Company and improperly obtained and transferred to Sinovel portions of its wind turbine control software source code developed for Sinovel's 1.5MW wind turbines. Moreover, the Company believes the former employee illegally used source code to develop for Sinovel a software modification to circumvent the encryption and remove technical protection measures on the Company's PM3000 power converters in 1.5MW wind turbines in the field. The Company is seeking a cease and desist order with respect to the unauthorized copying, installation and use of its software, monetary damages of approximately RMB 38 million ($6 million) for our economic losses and reimbursement of all costs and reasonable expenses. The No. 1 Intermediate People's Court accepted the case, which was necessary in order for the case to proceed. In November 2011, Sinovel filed a motion to remove this case from the Beijing No. 1 Intermediate People's Court and transfer the matter to the Beijing Arbitration Commission. On February 14, 2012, the court denied Sinovel's motion to remove the case. On February 21, 2012, Sinovel filed an appeal of the Beijing No. 1 Intermediate People's Court decision to the Beijing Higher People's Court. On April 25, 2012, the Beijing Higher People's Court issued a final Civil Ruling which supports the Beijing No.1 Intermediate People's Court's civil ruling and rejected Sinovel's appeal. Sinovel has filed an appeal of the Beijing Higher People's Court's decision with China's Supreme People's Court. On June 18, 2012, Sinovel filed a new motion to remove this case from the Beijing No. 1 Intermediate People's Court to the court located in Gansu Province. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company submitted a civil action application to the Beijing Higher People's Court against Sinovel and certain of its employees for trade secret infringement on September 13, 2011 under the caption (2011) Gao Min Chu Zi No. 4193. The application alleges the defendants' unauthorized use of portions of the Company's wind turbine control software source code developed for Sinovel's 1.5MW wind turbines as described above with respect to the Copyright Action. The Company is seeking monetary damages of RMB 2.9 billion ($453 million) for the trade secret infringement as well as reimbursement of all costs and reasonable expenses. The Beijing Higher People's Court accepted the case, which was necessary in order for the case to proceed. On December 22, 2011, the Beijing Higher People's Court transferred this case to the Beijing No. 1 Intermediate People's Court under the caption (2011) Gao Min Chu Zi No. 4193. On June 7, 2012, the Company received an Acceptance Notice from the Beijing No.1 Intermediate People's Court under the caption (2012) Yi Zhong Min Chu Zi No.6833. The Company is currently awaiting notice from the Beijing No. 1 Intermediate People's Court regarding the first hearing date. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     On September 16, 2011, the Company filed a civil copyright infringement complaint in the Hainan Province No. 1 Intermediate People's Court against Dalian Guotong Electric Co. Ltd. ("Guotong"), a supplier of power converter products to Sinovel, and Huaneng Hainan Power, Inc. ("Huaneng"), a wind farm operator that has purchased Sinovel wind turbines containing Guotong power converter products. The case is captioned (2011) Hainan Yi Zhong Min Chu Zi No. 62. The application alleges that the Company's PM1000 converters in certain Sinovel wind turbines have been replaced by converters produced by Guotong. Because the Guotong converters are being used in wind turbines containing the Company's wind turbine control software, the Company believes that its copyrighted software is being infringed. The Company is seeking a cease and desist order with respect to the unauthorized use of its software, monetary damages of RMB 1.2 million ($0.2 million) for its economic losses (with respect to Guotong only) and reimbursement of all costs and reasonable expenses. The court has accepted the case, which was necessary in order for the case to proceed. In addition, upon the request of the defendant Huaneng, Sinovel has been added by the court to this case as a defendant and Huaneng has been released from this case. In December 2011, Sinovel filed a jurisdiction opposition motion requesting dismissal by the Hainan Province No. 1 Intermediate People's Court, saying the case should be governed by the Beijing Arbitration Commission. On February 3, 2012, the Company received the Civil Ruling from the court, which granted Sinovel's motion, and dismissed the entire case. The Company appealed the court's ruling to the Hainan Higher Court, which on April 5, 2012 upheld the decision of the Hainan Province No. 1 Intermediate People's Court. On April 9, 2012, the Company filed an appeal of the Hainan Higher Court's decision with China's Supreme People's Court. The Supreme Court accepted the appeal on May 23, 2012. The case is captioned, (2012) Min Shen Zi No. 630. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Ghodawat Energy Pvt Ltd ("Ghodawat"), a company registered in India carrying on the business of wind power development, lodged a Request for Arbitration with the Secretariat of the ICC International Court of Arbitration on May 12, 2011 and named AMSC Windtec GmbH ("AMSC Austria") as the Respondent. Under the Request for Arbitration, Ghodawat alleges that AMSC Austria breached an agreement dated March 19, 2008 pursuant to which AMSC Austria granted a license to Ghodawat to manufacture, use, sell, market, erect, commission and maintain certain wind turbines using its technical information and wind turbine design (the "License Agreement"). Under the Request for Arbitration, Ghodawat's claims in this arbitration amount to approximately 18 million ($24 million). AMSC Austria filed an Answer to Request for Arbitration and Counterclaim ("Answer and Counterclaim"), in which AMSC Austria denied Ghodawat's claims in their entirety. AMSC Austria has also submitted counterclaims under the License Agreement against Ghodawat in the amount of approximately 6 million ($9 million). Ghodawat has filed a Reply to Answer to Request for Arbitration and Counterclaim in which it denies AMSC Austria's counterclaims. The arbitration proceedings are currently ongoing. The Company has recorded a loss contingency based on its assessment of probable losses on this claim; however this amount is immaterial to its consolidated financial statements. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Other <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company enters into long-term construction contracts with customers that require the Company to obtain performance bonds. The Company is required to deposit an amount equivalent to some or all the face amount of the performance bonds into an escrow account until the termination of the bond. When the performance conditions are met, amounts deposited as collateral for the performance bonds are returned to the Company. In addition, the Company has various contractual arrangements in which minimum quantities of goods or services have been committed to be purchased on an annual basis. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     At June 30, 2012, the Company had $16.7 million of restricted cash included in current assets, and $4.8 million of restricted cash included in long-term assets. These amounts included in restricted cash represent deposits to secure letters of credit for various supply contracts. These deposits are held in interest bearing accounts. The Company is working with its inventory suppliers to delay cash settlements and to reduce the gross liability associated with its adverse purchase commitments. During the quarter ending June 30, 2012, the Company agreed to settle adverse purchase commitments with certain of its vendors. In conjunction with these settlements, the Company agreed to provide letters of credit and bank guarantees in the amount of approximately $9.0 million with expirations through January 31, 2013. The letters of credit and bank guarantees were secured with cash collateral of $8.5 million and resulted in a reduction of its adverse purchase commitments liability of $7.3 million recorded in the three months ended June 30, 2012. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     As of June 30, 2012, the Company had three performance bonds in support of customer contracts. The total value of the outstanding performance bonds is $3.5 million with expiration dates through March 2014. In the event that the payment is made in accordance with the requirements of any of these performance bonds, the Company would record the payment as an offset to revenue. </div>

520000

522000

-36535000

-11439000

13385000

1278000

16955000

16926000

900000

4.85

0.07

0.11

2800000

12600000

1200000

19718000

15390000

1558000

1681000

3129000

203000

3129000

203000

3242000

3344000

<div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">11. Warrants and Derivative Liabilities <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     On April 4, 2012, the Company entered into a Securities Purchase Agreement as described in Note 10, which included a warrant to purchase 3.1 million shares of the Company's common stock. The warrant is exercisable at any time on or after the date that is six months after the issuance of the warrant and entitles CVI to purchase shares of the Company's common stock for a period of five years from the initial date the warrant becomes exercisable at a price equal to $5.45 per share, subject to certain price-based and other anti-dilution adjustments. The warrant may not be exercised if, after giving effect to the conversion, CVI together with its affiliates would beneficially own in excess of 4.99% of the Company's common stock. This percentage may be raised to any other percentage not in excess of 9.99% at the option of the holder of the warrant, upon at least 61-days' prior notice to the Company, or lowered to any other percentage, at the option of CVI, at any time. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company accounts for the warrant as a liability due to certain adjustment provisions within the warrant, which requires that it be recorded at fair value. The warrant is subject to revaluation at each balance sheet date and any change in fair value will be recorded as a change in fair value in other income (expense) until the earlier of expiration or its exercise at which time the warrant liability will be reclassified to equity. The Company used the Black-Scholes option pricing model to calculate the fair value of the warrant, using the following assumptions: <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="63%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td width="15%" align="center">April 4,</td> <td width="2%" align="center"> </td> <td style="text-indent: 1px;" width="15%" align="center">June 30,</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left">Risk-free interest rate</td> <td width="15%" align="right">1.19</td> <td width="2%" align="right">%</td> <td width="15%" align="right">0.77</td> <td width="2%" align="right">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected annual dividend yield</td> <td width="15%" align="right">0.0</td> <td width="2%" align="right">%</td> <td width="15%" align="right">0.0</td> <td width="2%" align="right">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected volatility</td> <td width="15%" align="right">80.0</td> <td width="2%" align="right">%</td> <td width="15%" align="right">80.84</td> <td width="2%" align="right">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Term</td> <td width="15%" align="right">5.5 years</td> <td width="2%" align="right"> </td> <td width="15%" align="right">5.28 years</td> <td width="2%" align="right"> </td></tr> <tr valign="bottom"><td width="63%" align="left">Fair Value</td> <td width="15%" align="right">$7.0 million</td> <td width="2%" align="right"> </td> <td width="15%" align="right">$8.5 million</td> <td width="2%" align="right"> </td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company recorded the change in the fair value of the CVI warrant of $1.5 million to change in fair value of derivatives and warrants in the three months ended June 30, 2012. <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company determined certain embedded derivatives issued with the Convertible Notes required accounting as a liability, which requires they be accounted for as a standalone liability subject to revaluation at each balance sheet date with changes in fair value recorded as change in fair value of derivatives and warrants until the earlier of exercise or expiration. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company calculated the fair value of the derivative liabilities bifurcated from the Convertible Notes (see Note 10, "Debt") utilizing an integrated lattice model. The lattice model is an option pricing model that involves the construction of a binomial tree to show the different paths that the underlying asset may take over the option's life. A lattice model can take into account expected changes in various parameters such as volatility over the life of the options, providing more accurate estimates of option prices than the Black-Scholes model. Following is a summary of the key assumptions used to value the convertible note derivative feature: <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="62%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td width="15%" align="center">April 4,</td> <td width="2%" align="center"> </td> <td width="15%" align="center">June 30,</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr><td width="96%" colspan="5"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Expected Volatility</td> <td width="15%" align="right">75.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">71.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Risk Free Rate</td> <td width="15%" align="right">0.44</td> <td width="2%" align="left">%</td> <td width="15%" align="right">0.33</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Bond Yield</td> <td width="15%" align="right">15.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">16.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Recovery Rate</td> <td width="15%" align="right">30.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">30.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Redeemable</td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Total Time (years)</td> <td width="15%" align="right">2.5</td> <td width="2%" align="left"> </td> <td width="15%" align="right">2.28</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Dilution Effect</td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Indicated Percent of Par</td> <td width="15%" align="right">117.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">121.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Fair Value</td> <td width="15%" align="right">$3.7 million</td> <td width="2%" align="left"> </td> <td width="15%" align="right">$4.5 million</td> <td width="2%" align="left"> </td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The expected volatility rate was estimated based on an equal weighting of the historical volatility of the Company's common stock and the implied volatility of the Company's traded options. To determine the risk-free interest rate an interpolated rate was used based on the two and three year United States Treasury rates. The bond yield was estimated by comparing comparable corporate debt and yield information. The recovery rate of the Convertible Note was estimated by reviewing historical corporate debt that went into default. The bond is redeemable by the Company at any point after the one-year anniversary of the grant date provided certain provisions within the note. The total time is based on the actual contractual terms, 30 months. It was determined that there is a dilution effect based on the Company's ability to make payments in shares of common stock. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company recorded the change in the fair value of the derivative liabilities of $0.8 million to changes in fair value of derivatives and warrants in the three months ended June 30, 2012. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     On June 5, 2012, the Company entered into a Loan and Security Agreement with Hercules (see Note 10, "Debt", for additional information regarding the Loan and Security Agreement). In conjunction with this agreement, the Company issued a warrant to purchase approximately 139,000 shares of the Company's common stock. The warrant is exercisable at any time after the issuance of the warrant and entitles Hercules to purchase shares of the Company's common stock for a period of five and half years from the initial date the warrant becomes exercisable at a price equal to $3.59 per share subject to certain price-based and other anti-dilution adjustments. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company accounts for the warrant as a liability due to certain provisions within the warrant, which requires that it be recorded at fair value. The warrant is subject to revaluation at each balance sheet date and any change in fair value will be recorded as changes in fair value of derivatives and warrant until the earlier of expiration or its exercise at which time the warrant liability will be reclassified to equity. The Company calculated the fair value of the warrant using the Black-Scholes option pricing model to value the warrant, using the following assumptions: <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <div class="MetaData"> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="63%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td width="15%" align="center">June 5,</td> <td width="2%" align="center"> </td> <td width="15%" align="center">June 30,</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left">Risk-free interest rate</td> <td width="15%" align="right">0.77</td> <td width="2%" align="left">%</td> <td width="15%" align="right">0.80</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected annual dividend yield</td> <td width="15%" align="right">0.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">0.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected volatility</td> <td width="15%" align="right">79.9</td> <td width="2%" align="left">%</td> <td width="15%" align="right">80.32</td> <td width="2%" align="left">%</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </div> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="68%"> </td> <td width="16%"> </td> <td width="15%"> </td></tr> <tr valign="bottom"><td width="68%" align="left"> </td> <td width="16%" align="center">June 5,</td> <td width="15%" align="center">June 30,</td></tr> <tr valign="bottom"><td width="68%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td></tr> <tr valign="bottom"><td width="68%" align="left">Term</td> <td style="text-indent: 3px;" width="16%" align="right">5.5 years</td> <td style="text-indent: 2px;" width="15%" align="right">5.44 years</td></tr> <tr valign="bottom"><td width="68%" align="left">Fair Value</td> <td width="16%" align="right">$0.4 million</td> <td width="15%" align="right">$0.5 million</td></tr></table></div></div></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The company prepared their estimates for the assumptions used to determine the fair value of the warrants issued in conjunction with both the Convertible Note and Term Loan utilizing the respective terms of the warrants with similar inputs under the Black Scholes valuation method more fully described in Note 2. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The company recorded the change in the fair value of the Hercules warrant of $0.1 million to changes in fair value of derivatives and warrants in the three months ended June 30, 2012. </div>

4536000

13565000

-0.74

-0.20

-0.74

-0.20

747000

-280000

3466000

1994000

4200000

6900000

P1Y7M6D

P2Y4M24D

0.17

0.15

0.13

0.19

0.15

1800000

0.25

0.26

1000000

<div> <table border="0" cellspacing="0"> <tr><td width="77%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="77%" align="left">Balance at April 1, 2012</td> <td width="2%" align="left">$</td> <td width="16%" align="right">6,083</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="77%" align="left">Minority interest in net losses</td> <td width="2%" align="left"> </td> <td width="16%" align="right">(584</td> <td width="2%" align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="77%" align="left">Net foreign exchange rate impact</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="right">(350</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="77%" align="left">Balance at June 30, 2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">5,149</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="78%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="78%" align="left">Balance at April 1, 2012</td> <td width="2%" align="left">$</td> <td width="16%" align="right">3,859</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="78%" align="left">Minority interest in net losses</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="right">(227</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="78%" align="left">Balance at June 30, 2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">3,632</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr></table> </div>

<div> <div> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr valign="bottom"><td> </td> <td> </td> <td style="text-indent: 2px;" align="center">Total</td> <td align="center"> </td> <td align="center">Quoted Prices in</td> <td align="center"> </td> <td align="center">Significant Other</td> <td align="center"> </td> <td align="center">Significant</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="right"> </td> <td align="center">Carrying</td> <td align="center"> </td> <td align="center">Active Markets</td> <td align="center"> </td> <td align="center">Observable Inputs</td> <td align="center"> </td> <td align="center">Unobservable Inputs</td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid; text-indent: 1px;" align="center">Value</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 1)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 2)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 3)</td></tr> <tr valign="bottom"><td align="left">June 30, 2012:</td> <td align="right"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Assets:</td> <td align="right"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Cash equivalents</td> <td align="right">$</td> <td style="text-indent: 1px;" align="right">40,387</td> <td align="right">$</td> <td align="right">40,387</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">—</td></tr> <tr valign="bottom"><td align="left">Short-term commercial paper</td> <td align="right"> </td> <td align="right">5,209</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">5,209</td> <td align="right"> </td> <td align="right">—</td></tr> <tr valign="bottom"><td align="left">Liabilities:</td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td></tr> <tr valign="bottom"><td align="left">Derivative liability</td> <td align="right">$</td> <td style="text-indent: 1px;" align="right">4,536</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">4,536</td></tr> <tr valign="bottom"><td align="left">Warrants</td> <td align="right"> </td> <td align="right">9,029</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">9,029</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="28%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td> <td width="13%"> </td> <td width="2%"> </td> <td width="17%"> </td> <td width="2%"> </td> <td width="14%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="right"> </td> <td align="center">Total</td> <td align="center"> </td> <td align="center">Quoted Prices in</td> <td align="center"> </td> <td align="center">Using Significant Other</td> <td align="center"> </td> <td align="center">Using Significant</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="right"> </td> <td align="center">Carrying</td> <td align="center"> </td> <td align="center">Active Markets</td> <td align="center"> </td> <td align="center">Observable Inputs</td> <td align="center"> </td> <td align="center">Unobservable Inputs</td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">Value</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 1)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 2)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 3)</td></tr> <tr valign="bottom"><td align="left">March 31, 2012:</td> <td align="right"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Assets:</td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td></tr> <tr valign="bottom"><td align="left">Cash equivalents</td> <td align="right">$</td> <td style="text-indent: 1px;" align="right">23,485</td> <td align="right">$</td> <td align="right">23,485</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">—</td></tr> <tr valign="bottom"><td align="left">Short-term commercial paper</td> <td align="right"> </td> <td align="right">5,304</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">5,304</td> <td align="right"> </td> <td align="right">—</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">   </div> </div>

0.15

0.16

P5Y6M

P5Y3M11D

P5Y6M

0.75

0.71

0.0044

0.0033

<div> <table border="0" cellspacing="0"> <tr><td width="62%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td width="15%" align="center">April 4,</td> <td width="2%" align="center"> </td> <td width="15%" align="center">June 30,</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr><td width="96%" colspan="5"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Expected Volatility</td> <td width="15%" align="right">75.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">71.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Risk Free Rate</td> <td width="15%" align="right">0.44</td> <td width="2%" align="left">%</td> <td width="15%" align="right">0.33</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Bond Yield</td> <td width="15%" align="right">15.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">16.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Recovery Rate</td> <td width="15%" align="right">30.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">30.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Redeemable</td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Total Time (years)</td> <td width="15%" align="right">2.5</td> <td width="2%" align="left"> </td> <td width="15%" align="right">2.28</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Dilution Effect</td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td> <td width="15%" align="right">yes</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Indicated Percent of Par</td> <td width="15%" align="right">117.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">121.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Fair Value</td> <td width="15%" align="right">$3.7 million</td> <td width="2%" align="left"> </td> <td width="15%" align="right">$4.5 million</td> <td width="2%" align="left"> </td></tr></table> </div>

<div> <div class="MetaData"> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="63%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td width="15%" align="center">June 5,</td> <td width="2%" align="center"> </td> <td width="15%" align="center">June 30,</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left">Risk-free interest rate</td> <td width="15%" align="right">0.77</td> <td width="2%" align="left">%</td> <td width="15%" align="right">0.80</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected annual dividend yield</td> <td width="15%" align="right">0.0</td> <td width="2%" align="left">%</td> <td width="15%" align="right">0.0</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected volatility</td> <td width="15%" align="right">79.9</td> <td width="2%" align="left">%</td> <td width="15%" align="right">80.32</td> <td width="2%" align="left">%</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </div> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="68%"> </td> <td width="16%"> </td> <td width="15%"> </td></tr> <tr valign="bottom"><td width="68%" align="left"> </td> <td width="16%" align="center">June 5,</td> <td width="15%" align="center">June 30,</td></tr> <tr valign="bottom"><td width="68%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td></tr> <tr valign="bottom"><td width="68%" align="left">Term</td> <td style="text-indent: 3px;" width="16%" align="right">5.5 years</td> <td style="text-indent: 2px;" width="15%" align="right">5.44 years</td></tr> <tr valign="bottom"><td width="68%" align="left">Fair Value</td> <td width="16%" align="right">$0.4 million</td> <td width="15%" align="right">$0.5 million</td></tr></table></div></div> </div>

<div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">4. Fair Value Measurements <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     In January 2010, the Financial Accounting Standards Board ("FASB") issued guidance related to disclosures of fair value measurements. The guidance requires gross presentation of activity within the Level 3 measurement roll-forward and details of transfers in and out of Level 1 and 2 measurements. It also clarifies two existing disclosure requirements on the level of disaggregation of fair value measurements and disclosures on inputs and valuation techniques. A change in the hierarchy of an investment from its current level will be reflected in the period during which the pricing methodology of such investment changes. Disclosure of the transfer of securities from Level 1 to Level 2 or Level 3 will be made in the event that the related security is significant to total cash and investments. The Company did not have any transfers of assets and liabilities between Level 1, Level 2 and Level 3 of the fair value measurement hierarchy during the three months ended June 30, 2012. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     A valuation hierarchy for disclosure of the inputs to valuation used to measure fair value has been established. This hierarchy prioritizes the inputs into three broad levels as follows: <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Level 2 - Inputs include quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability, and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs). <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Level 3 - Unobservable inputs that reflect the Company's assumptions that market participants would use in pricing the asset or liability. The Company develops these inputs based on the best information available, including its own data. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     A financial asset's or liability's classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The following table provides the assets carried at fair value, measured as of June 30, 2012 and March 31, 2012 (in thousands): <div> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr valign="bottom"><td> </td> <td> </td> <td style="text-indent: 2px;" align="center">Total</td> <td align="center"> </td> <td align="center">Quoted Prices in</td> <td align="center"> </td> <td align="center">Significant Other</td> <td align="center"> </td> <td align="center">Significant</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="right"> </td> <td align="center">Carrying</td> <td align="center"> </td> <td align="center">Active Markets</td> <td align="center"> </td> <td align="center">Observable Inputs</td> <td align="center"> </td> <td align="center">Unobservable Inputs</td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid; text-indent: 1px;" align="center">Value</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 1)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 2)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 3)</td></tr> <tr valign="bottom"><td align="left">June 30, 2012:</td> <td align="right"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Assets:</td> <td align="right"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Cash equivalents</td> <td align="right">$</td> <td style="text-indent: 1px;" align="right">40,387</td> <td align="right">$</td> <td align="right">40,387</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">—</td></tr> <tr valign="bottom"><td align="left">Short-term commercial paper</td> <td align="right"> </td> <td align="right">5,209</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">5,209</td> <td align="right"> </td> <td align="right">—</td></tr> <tr valign="bottom"><td align="left">Liabilities:</td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td></tr> <tr valign="bottom"><td align="left">Derivative liability</td> <td align="right">$</td> <td style="text-indent: 1px;" align="right">4,536</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">4,536</td></tr> <tr valign="bottom"><td align="left">Warrants</td> <td align="right"> </td> <td align="right">9,029</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">9,029</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="28%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td> <td width="13%"> </td> <td width="2%"> </td> <td width="17%"> </td> <td width="2%"> </td> <td width="14%"> </td></tr> <tr valign="bottom"><td align="left"> </td> <td align="right"> </td> <td align="center">Total</td> <td align="center"> </td> <td align="center">Quoted Prices in</td> <td align="center"> </td> <td align="center">Using Significant Other</td> <td align="center"> </td> <td align="center">Using Significant</td></tr> <tr valign="bottom"><td align="left"> </td> <td align="right"> </td> <td align="center">Carrying</td> <td align="center"> </td> <td align="center">Active Markets</td> <td align="center"> </td> <td align="center">Observable Inputs</td> <td align="center"> </td> <td align="center">Unobservable Inputs</td></tr> <tr valign="bottom"><td align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">Value</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 1)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 2)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" align="center">(Level 3)</td></tr> <tr valign="bottom"><td align="left">March 31, 2012:</td> <td align="right"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td> <td align="left"> </td></tr> <tr valign="bottom"><td align="left">Assets:</td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td> <td align="right"> </td></tr> <tr valign="bottom"><td align="left">Cash equivalents</td> <td align="right">$</td> <td style="text-indent: 1px;" align="right">23,485</td> <td align="right">$</td> <td align="right">23,485</td> <td align="right">$</td> <td align="right">—</td> <td align="right">$</td> <td align="right">—</td></tr> <tr valign="bottom"><td align="left">Short-term commercial paper</td> <td align="right"> </td> <td align="right">5,304</td> <td align="right"> </td> <td align="right">—</td> <td align="right"> </td> <td align="right">5,304</td> <td align="right"> </td> <td align="right">—</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">   </div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The table below reflects the activity for the Company's major classes of liabilities measured at fair value for the period ended June 30, 2012 (in thousands). <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="60%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td> <td width="18%"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="center">Derivative Liability</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="18%" align="center">Warrants</td></tr> <tr valign="bottom"><td width="60%" align="left">April 1, 2012</td> <td width="2%" align="right">$ </td> <td width="16%" align="right">—</td> <td width="2%" align="right">$ </td> <td width="18%" align="right">—</td></tr> <tr valign="bottom"><td width="60%" align="left">Valuation of derivative liability</td> <td width="2%" align="right"> </td> <td width="16%" align="right">3,779</td> <td width="2%" align="right"> </td> <td width="18%" align="right">—</td></tr> <tr valign="bottom"><td width="60%" align="left">Warrant issuance with Senior Convertible Notes</td> <td width="2%" align="right"> </td> <td width="16%" align="right">—</td> <td width="2%" align="right"> </td> <td width="18%" align="right">7,018</td></tr> <tr valign="bottom"><td width="60%" align="left">Warrant issuance with Senior Secured Term Loan</td> <td width="2%" align="right"> </td> <td width="16%" align="right">—</td> <td width="2%" align="right"> </td> <td width="18%" align="right">380</td></tr> <tr valign="bottom"><td width="60%" align="left">Mark to market adjustment</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="16%" align="right">757</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="18%" align="right">1,631</td></tr> <tr valign="bottom"><td width="60%" align="left">Balance at June 30, 2012</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">4,536</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="18%" align="right">9,029</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Valuation Techniques <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Cash Equivalents <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Cash equivalents consist of highly liquid instruments with maturities of three months or less that are regarded as high quality, low risk investments and are measured using such inputs as quoted prices, and are classified within Level 1 of the valuation hierarchy. Cash equivalents consist principally of certificates of deposits and money market accounts. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Marketable Securities <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Marketable securities consist primarily of government-backed securities and commercial paper and are measured using such inputs as quoted prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable for the asset (for example, interest rates and yield curves observable at commonly quoted intervals), and inputs that are derived principally from or corroborated by observable market data by correlation or other means, and are classified within Level 2 of the valuation hierarchy. The Company's marketable securities generally have maturities of greater than three months from original purchase date but less than twelve months from the date of the balance sheet. The Company determines the appropriate classification of its marketable securities at the time of purchase and re-evaluates such classification as of each balance sheet date. All marketable securities are considered available-for-sale and are carried at fair value. The Company periodically reviews the realizability of each short-term and long-term marketable security when impairment indicators exist with respect to the security. If an other-than-temporary impairment of value of the security exists, the carrying value of the security is written down to its estimated fair value. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Derivative Liability <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company has identified all of the derivatives ("Derivative Liability") associated with the Convertible Notes which include put rights to require the investor to acquire an additional $15.0 million convertible note and additional warrants, holder change of control redemption rights, issuer optional redemption rights, sale redemption rights and a right to make payment in the form of stock rather than cash if certain equity conditions are met. The Derivative Liability is subject to revaluation at each balance sheet date, and any change in fair value will be recorded as a change in fair value in other income (expense) until the earlier of its exercise or expiration. The Company relies on assumptions in a lattice model to determine the fair value of Derivative Liability. The Company has appropriately valued the Derivative Liability within Level 3 of the valuation hierarchy. See Note 10, "Debt", for discussion on the Convertible Notes, Derivative Liability and valuation assumptions used. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Warrants <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Warrants were issued in conjunction with the Convertible Notes and the Term Loan. See Note 10, "Debt", for additional information on warrants. These warrants are subject to revaluation at each balance sheet date, and any change in fair value will be recorded as a change in fair value in other income (expense) until the earlier of their exercise or expiration. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The Company relies on assumptions used in a Black-Scholes model to determine the fair value of warrants. The Company has appropriately valued the warrants within Level 3 of the valuation hierarchy. See Note 11, "Warrants and Derivative Liabilities", for a discussion of the warrants and the valuation assumptions used. </div>

812000

-37520000

-11111000

12485000

-828000

159000

-836000

-19732000

-6449000

-670000

-4132000

3084000

-3913000

5324000

-136000

7812000

-848000

3763000

6858000

8500000

3772000

3455000

241000

-2718000

14438000

12893000

2466000

1940000

29256000

28699000

9962000

10117000

2390000

3749000

413000

250000

1800000

300000

90177000

107763000

255056000

264178000

86323000

84098000

4536000

9029000

9000000

6531000

18000000

24000000

370000000

58000000

1000000000

157000000

1200000000

190000000

4000000

5304000

5209000

4376000

32925000

59753000

-6846000

-57774000

-11591000

-37679000

-10275000

-584000

-227000

2370000

47385000

34844000

-38327000

-10552000

-3405000

-24370000

-6128000

-5343000

-2086000

1301000

11216000

10050000

1134000

-1168000

-350000

1144000

-1164000

10000

4000

2093000

1865000

827000

200000

566000

123000

195000

1800000

240000

4498000

88000

31444000

30261000

4626000

32961000

9700000

21000

90800000

100000

7907000

7334000

5896000

5500000

-168000

-229000

-405000

-167000

90828000

87676000

8136000

3910000

12086000

16684000

2540000

4767000

0.50

128000

167000

-39000

974000

680000

294000

578000

524000

269000

255000

128000

-734000000

-744275000

9058000

4796000

4262000

28716000

12205000

16511000

<div> <table border="0" cellspacing="0"> <tr><td width="58%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="58%" align="left"> </td> <td width="2%" align="left"> </td> <td width="15%" align="center">June 30,</td> <td width="2%" align="center"> </td> <td width="2%" align="center"> </td> <td width="15%" align="center">March 31,</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="58%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="58%" align="left">Accounts receivable (billed)</td> <td width="2%" align="right">$</td> <td width="15%" align="right">11,442</td> <td width="2%" align="left"> </td> <td width="2%" align="left">$</td> <td width="15%" align="right">16,240</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="58%" align="left">Accounts receivable (unbilled)</td> <td width="2%" align="left"> </td> <td width="15%" align="right">2,168</td> <td width="2%" align="left"> </td> <td width="2%" align="left"> </td> <td width="15%" align="right">2,811</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="58%" align="left">Less: Allowance for doubtful accounts</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(52</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(52</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 6px;" width="58%" align="left">Accounts receivable, net</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">13,558</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">18,999</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="57%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="16%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="57%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="36%" colspan="4" align="center">Three months ended June 30,</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="center">2011</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr> <tr><td width="97%" colspan="7"> </td></tr> <tr valign="bottom"><td bgcolor="#dce6f1" width="57%" align="left">Numerator:</td> <td bgcolor="#dce6f1" width="2%" align="left"> </td> <td bgcolor="#dce6f1" width="16%" align="left"> </td> <td bgcolor="#dce6f1" width="2%" align="left"> </td> <td bgcolor="#dce6f1" width="2%" align="left"> </td> <td bgcolor="#dce6f1" width="16%" align="left"> </td> <td bgcolor="#dce6f1" width="2%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="57%" align="left">Net loss</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">(10,275</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">(37,679</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td bgcolor="#dce6f1" width="57%" align="left">Denominator:</td> <td bgcolor="#dce6f1" width="2%" align="left"> </td> <td bgcolor="#dce6f1" width="16%" align="left"> </td> <td bgcolor="#dce6f1" width="2%" align="left"> </td> <td bgcolor="#dce6f1" width="2%" align="left"> </td> <td bgcolor="#dce6f1" width="16%" align="left"> </td> <td bgcolor="#dce6f1" width="2%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" width="57%" align="left">Weighted-average shares of common stock outstanding</td> <td width="2%" align="left"> </td> <td width="16%" align="right">51,997</td> <td width="2%" align="left"> </td> <td width="2%" align="left"> </td> <td width="16%" align="right">51,172</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td style="text-indent: 3px;" bgcolor="#dce6f1" width="57%" align="left">Weighted-average shares subject to repurchase</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="16%" align="right">(806</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="16%" align="right">(463</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="57%" align="left">Shares used in per-share calculation basic</td> <td width="2%" align="left"> </td> <td width="16%" align="right">51,191</td> <td width="2%" align="left"> </td> <td width="2%" align="left"> </td> <td width="16%" align="right">50,709</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td bgcolor="#dce6f1" width="57%" align="left">Shares used in per-share calculation diluted</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="16%" align="right">51,191</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="16%" align="right">50,709</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="57%" align="left">Net loss per share basic</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">(0.20</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="16%" align="right">(0.74</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td bgcolor="#dce6f1" width="57%" align="left">Net loss per share diluted</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="16%" align="right">(0.20</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="16%" align="right">(0.74</td> <td style="border-bottom: rgb(0,0,0) 3px double;" bgcolor="#dce6f1" width="2%" align="left">)</td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="63%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td width="15%" align="center">April 4,</td> <td width="2%" align="center"> </td> <td style="text-indent: 1px;" width="15%" align="center">June 30,</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="63%" align="left">Risk-free interest rate</td> <td width="15%" align="right">1.19</td> <td width="2%" align="right">%</td> <td width="15%" align="right">0.77</td> <td width="2%" align="right">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected annual dividend yield</td> <td width="15%" align="right">0.0</td> <td width="2%" align="right">%</td> <td width="15%" align="right">0.0</td> <td width="2%" align="right">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Expected volatility</td> <td width="15%" align="right">80.0</td> <td width="2%" align="right">%</td> <td width="15%" align="right">80.84</td> <td width="2%" align="right">%</td></tr> <tr valign="bottom"><td width="63%" align="left">Term</td> <td width="15%" align="right">5.5 years</td> <td width="2%" align="right"> </td> <td width="15%" align="right">5.28 years</td> <td width="2%" align="right"> </td></tr> <tr valign="bottom"><td width="63%" align="left">Fair Value</td> <td width="15%" align="right">$7.0 million</td> <td width="2%" align="right"> </td> <td width="15%" align="right">$8.5 million</td> <td width="2%" align="right"> </td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="64%"> </td> <td width="2%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="15%"> </td></tr> <tr valign="bottom"><td width="64%" align="left"> </td> <td width="2%" align="left"> </td> <td style="text-indent: 1px;" width="31%" colspan="3" align="center">Three months ended</td></tr> <tr valign="bottom"><td width="64%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="31%" colspan="3" align="center">June 30,</td></tr> <tr valign="bottom"><td width="64%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2011</td></tr> <tr valign="bottom"><td width="64%" align="left">Cost of revenues</td> <td width="2%" align="right">$</td> <td width="14%" align="right">170</td> <td width="2%" align="right">$</td> <td width="15%" align="right">329</td></tr> <tr valign="bottom"><td width="64%" align="left">Research and development</td> <td width="2%" align="left"> </td> <td width="14%" align="right">562</td> <td width="2%" align="right"> </td> <td width="15%" align="right">660</td></tr> <tr valign="bottom"><td width="64%" align="left">Selling, general and administrative</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="right">1,262</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">2,477</td></tr> <tr valign="bottom"><td width="64%" align="left">Total</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="14%" align="right">1,994</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">3,466</td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="62%"> </td> <td width="2%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="15%"> </td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td width="2%" align="left"> </td> <td width="14%" align="center">June 30,</td> <td width="2%" align="left"> </td> <td width="15%" align="center">March 31,</td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td></tr> <tr valign="bottom"><td width="62%" align="left">Raw materials</td> <td width="2%" align="left">$</td> <td width="14%" align="right">10,117</td> <td width="2%" align="left">$</td> <td width="15%" align="right">9,962</td></tr> <tr valign="bottom"><td width="62%" align="left">Work-in-process</td> <td width="2%" align="left"> </td> <td width="14%" align="right">3,749</td> <td width="2%" align="left"> </td> <td width="15%" align="right">2,390</td></tr> <tr valign="bottom"><td width="62%" align="left">Finished goods</td> <td width="2%" align="left"> </td> <td width="14%" align="right">12,893</td> <td width="2%" align="left"> </td> <td width="15%" align="right">14,438</td></tr> <tr valign="bottom"><td width="62%" align="left">Deferred program costs</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="right">1,940</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">2,466</td></tr> <tr valign="bottom"><td style="text-indent: 6px;" width="62%" align="left">Net inventory</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="14%" align="right">28,699</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">29,256</td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="60%"> </td> <td width="2%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td width="2%" align="left"> </td> <td width="33%" colspan="4" align="center">Three months ended</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="33%" colspan="4" align="center">June 30,</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2011</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left">Balance at beginning of period</td> <td width="2%" align="left">$</td> <td width="14%" align="right">5,896</td> <td width="2%" align="left"> </td> <td width="2%" align="left">$</td> <td width="15%" align="right">7,907</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left">Accruals for warranties during the period</td> <td width="2%" align="left"> </td> <td width="14%" align="right">(167</td> <td width="2%" align="left">)</td> <td width="2%" align="left"> </td> <td width="15%" align="right">(405</td> <td width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="60%" align="left">Settlements during the period</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="right">(229</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(168</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="60%" align="left">Balance at end of period</td> <td style="border-bottom: rgb(0,0,0) 3px double; text-indent: 1px;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="14%" align="right">5,500</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">7,334</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="43%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="43%" align="left"> </td> <td width="2%" align="left"> </td> <td width="15%" align="center">Severance pay</td> <td width="2%" align="center"> </td> <td width="2%" align="center"> </td> <td width="15%" align="center">Facility</td> <td width="2%" align="center"> </td> <td width="2%" align="center"> </td> <td width="15%" align="center"> </td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="43%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">and benefits</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">exit costs</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">Total </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="43%" align="left">Accrued restructuring balance at April 1, 2012</td> <td style="border-bottom: rgb(0,0,0) 3px double; text-indent: 1px;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">680</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">294</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">974</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="43%" align="left">Charges to operations</td> <td width="2%" align="left"> </td> <td width="15%" align="right">167</td> <td width="2%" align="left"> </td> <td width="2%" align="left"> </td> <td width="15%" align="right">(39</td> <td width="2%" align="left">)</td> <td width="2%" align="left"> </td> <td width="15%" align="right">128</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="43%" align="left">Cash payments</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(269</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(255</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(524</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="43%" align="left">Accrued restructuring balance at June 30, 2012</td> <td style="border-bottom: rgb(0,0,0) 3px double; text-indent: 2px;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">578</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double; text-indent: 3px;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">-</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">578</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left"> </td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="65%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="65%" align="left"> </td> <td width="33%" colspan="4" align="center">Three months ended</td></tr> <tr valign="bottom"><td width="65%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="33%" colspan="4" align="center">June 30,</td></tr> <tr valign="bottom"><td width="65%" align="left"> </td> <td width="16%" colspan="2" align="center">2012</td> <td width="17%" colspan="2" align="center">2011</td></tr> <tr><td width="98%" colspan="5"> </td></tr> <tr valign="bottom"><td width="65%" align="left">Beijing JINGCHENG New Energy Co., Ltd.</td> <td width="14%" align="right">19</td> <td width="2%" align="left">%</td> <td width="15%" align="right">-</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="65%" align="left">Karara Mining Ltd.</td> <td width="14%" align="right">15</td> <td width="2%" align="left">%</td> <td width="15%" align="right">-</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="65%" align="left">INOX Wind Limited.</td> <td width="14%" align="right">15</td> <td width="2%" align="left">%</td> <td width="15%" align="right">-</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="65%" align="left">Department of Energy</td> <td width="14%" align="right">-</td> <td width="2%" align="left"> </td> <td width="15%" align="right">17</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="65%" align="left">Doosan Heavy Industries & Construction Co Ltd.</td> <td width="14%" align="right">-</td> <td width="2%" align="left"> </td> <td width="15%" align="right">15</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="65%" align="left">Shenyang Blower Works Group Wind Power Co.,Ltd.</td> <td width="14%" align="right">-</td> <td width="2%" align="left"> </td> <td width="15%" align="right">13</td> <td width="2%" align="left">%</td></tr></table> </div>

<div> <table border="0" cellspacing="0"> <tr><td width="62%"> </td> <td width="14%"> </td> <td width="3%"> </td> <td width="15%"> </td> <td width="3%"> </td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td width="35%" colspan="4" align="center">Three months ended</td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="35%" colspan="4" align="center">June 30,</td></tr> <tr valign="bottom"><td width="62%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="17%" colspan="2" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="18%" colspan="2" align="center">2011</td></tr> <tr valign="bottom"><td width="62%" align="left">Expected volatility</td> <td width="14%" align="right">72.0</td> <td width="3%" align="left">%</td> <td width="15%" align="right">67.5</td> <td width="3%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Risk-free interest rate</td> <td width="14%" align="right">0.9</td> <td width="3%" align="left">%</td> <td width="15%" align="right">1.9</td> <td width="3%" align="left">%</td></tr> <tr valign="bottom"><td width="62%" align="left">Expected life (years)</td> <td width="14%" align="right">5.9</td> <td width="3%" align="left"> </td> <td width="15%" align="right">5.9</td> <td width="3%" align="left"> </td></tr> <tr valign="bottom"><td width="62%" align="left">Dividend yield</td> <td style="text-indent: 2px;" width="14%" align="right">None</td> <td width="3%" align="left"> </td> <td width="15%" align="right">None</td> <td width="3%" align="left"> </td></tr></table> </div>

10000000

<div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">14. Business Segments <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">The Company reported its financial results in two reportable business segments: Wind and Grid. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Through its Windtec Solutions, the Wind business segment enables manufacturers to field wind turbines with exceptional power output, reliability and affordability. The Company licenses its highly engineered wind turbine designs, provides extensive customer support services and supplies advanced power electronics and control systems to wind turbine manufactures. Its design portfolio includes a broad range of drive trains and power ratings up to 10 megawatts. The Company believes its advanced engineering capabilities, ranging from bearings to advanced synchronous generators to blades, enables it to provide its partners with highly-optimized wind turbine platforms. Furthermore, these designs and support services typically lead to sales of its power electronics and software-based control systems, which are designed for optimized performance, efficiency and grid compatibility. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Through its Gridtec Solutions, the Grid business segment enables electric utilities and renewable energy project developers to connect, transmit and distribute power with exceptional efficiency, reliability and affordability. The Company provides transmission planning services that allow it to identify power grid congestion, poor power quality and other risks, which help the Company determine how its solutions can improve network performance. These services often lead to sales of grid interconnection solutions for wind farms and solar power plants, power quality systems and transmission and distribution cable systems. <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> </div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">The operating results for the two business segments are as follows (in thousands): <div> <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td> </td> <td> </td> <td> </td> <td> </td> <td> </td></tr> <tr valign="bottom"><td> </td> <td> </td> <td width="34%" colspan="3" align="center">Three months ended</td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="34%" colspan="3" align="center">June 30,</td></tr> <tr valign="bottom"><td width="33%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="17%" align="center">2011</td></tr> <tr valign="bottom"><td style="border-bottom: rgb(0,0,0) 1px solid;" width="33%" align="left">Revenues:</td> <td width="2%" align="left"> </td> <td width="15%" align="left"> </td> <td width="2%" align="right"> </td> <td width="17%" align="left"> </td></tr> <tr valign="bottom"><td width="33%" align="left">Wind</td> <td width="2%" align="right">$</td> <td width="15%" align="right">16,511</td> <td width="2%" align="right">$</td> <td width="17%" align="right">4,262</td></tr> <tr valign="bottom"><td width="34%" align="left">Grid</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">12,205</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="17%" align="right">4,796</td></tr> <tr valign="bottom"><td style="text-indent: 6px;" width="33%" align="left">Total</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">28,716</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$ </td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="17%" align="right">9,058</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="60%"> </td> <td width="2%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td width="2%" align="right"> </td> <td width="33%" colspan="4" align="center">Three months ended</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="33%" colspan="4" align="center">June 30,</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="center">2011</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left"> </td></tr> <tr valign="bottom"><td style="border-bottom: rgb(0,0,0) 1px solid;" width="60%" align="left">Operating (loss) income:</td> <td width="2%" align="right"> </td> <td width="14%" align="left"> </td> <td width="2%" align="left"> </td> <td width="2%" align="right"> </td> <td width="15%" align="left"> </td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="60%" align="left">Wind</td> <td width="2%" align="right">$</td> <td width="14%" align="right">1,301</td> <td width="2%" align="left"> </td> <td width="2%" align="right">$</td> <td width="15%" align="right">(24,370</td> <td width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="60%" align="left">Grid</td> <td width="2%" align="right"> </td> <td width="14%" align="right">(5,343</td> <td width="2%" align="left">)</td> <td width="2%" align="right"> </td> <td width="15%" align="right">(10,552</td> <td width="2%" align="left">)</td></tr> <tr valign="bottom"><td width="60%" align="left">Unallocated corporate expenses</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="14%" align="right">(2,086</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">(3,405</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="left">)</td></tr> <tr valign="bottom"><td style="text-indent: 6px;" width="60%" align="left">Total</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="14%" align="right">(6,128</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">(38,327</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="left">)</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     </div> <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The accounting policies of the business segments are the same as those for the consolidated Company. The Company's business segments have been determined in accordance with the Company's internal management structure, which is organized based on operating activities. The Company evaluates performance based upon several factors, of which the primary financial measures are segment revenues and segment operating (loss) income. The disaggregated financial results of the segments reflect allocation of certain functional expense categories consistent with the basis and manner in which Company management internally disaggregates financial information for the purpose of assisting in making internal operating decisions. In addition, certain corporate expenses which the Company does not believe are specifically attributable or allocable to either of the two business segments have been excluded from the segment operating income. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     Unallocated corporate expenses primarily consist of stock-based compensation expense of $2.0 million and $3.5 million for the three months ended June 30, 2012 and 2011, respectively. <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">Total assets for the two business segments are as follows (in thousands): <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="64%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td> <td width="15%"> </td></tr> <tr valign="bottom"><td width="64%" align="left"> </td> <td width="2%" align="right"> </td> <td width="15%" align="center">June 30,</td> <td width="2%" align="center"> </td> <td width="15%" align="center">March 31,</td></tr> <tr valign="bottom"><td width="64%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid; text-indent: 1px;" width="15%" align="center">2012</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="center"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid; text-indent: 2px;" width="15%" align="center">2012</td></tr> <tr valign="bottom"><td width="64%" align="left">Wind</td> <td width="2%" align="right">$</td> <td width="15%" align="right">66,598</td> <td width="2%" align="right">$</td> <td width="15%" align="right">70,054</td></tr> <tr valign="bottom"><td width="64%" align="left">Grid</td> <td width="2%" align="right"> </td> <td width="15%" align="right">82,006</td> <td width="2%" align="right"> </td> <td width="15%" align="right">89,091</td></tr> <tr valign="bottom"><td width="64%" align="left">Corporate assets</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">115,574</td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="2%" align="right"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="15%" align="right">95,911</td></tr> <tr valign="bottom"><td width="64%" align="left">Total</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">264,178</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="2%" align="right">$</td> <td style="border-bottom: rgb(0,0,0) 3px double;" width="15%" align="right">255,056</td></tr></table></div> <p style="widows: 2; text-transform: none; text-indent: 0px; margin: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">  <p style="text-align: left; widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;">     The following table sets forth customers who represented 10% or more of the Company's total revenues for the three months ended June 30, 2012 and 2011: <div style="widows: 2; text-transform: none; text-indent: 0px; font: medium 'Times New Roman'; white-space: normal; orphans: 2; letter-spacing: normal; color: rgb(0,0,0); word-spacing: 0px; -webkit-text-size-adjust: auto; -webkit-text-stroke-width: 0px;"> <table border="0" cellspacing="0"> <tr><td width="65%"> </td> <td width="14%"> </td> <td width="2%"> </td> <td width="15%"> </td> <td width="2%"> </td></tr> <tr valign="bottom"><td width="65%" align="left"> </td> <td width="33%" colspan="4" align="center">Three months ended</td></tr> <tr valign="bottom"><td width="65%" align="left"> </td> <td style="border-bottom: rgb(0,0,0) 1px solid;" width="33%" colspan="4" align="center">June 30,</td></tr> <tr valign="bottom"><td width="65%" align="left"> </td> <td width="16%" colspan="2" align="center">2012</td> <td width="17%" colspan="2" align="center">2011</td></tr> <tr><td width="98%" colspan="5"> </td></tr> <tr valign="bottom"><td width="65%" align="left">Beijing JINGCHENG New Energy Co., Ltd.</td> <td width="14%" align="right">19</td> <td width="2%" align="left">%</td> <td width="15%" align="right">-</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="65%" align="left">Karara Mining Ltd.</td> <td width="14%" align="right">15</td> <td width="2%" align="left">%</td> <td width="15%" align="right">-</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="65%" align="left">INOX Wind Limited.</td> <td width="14%" align="right">15</td> <td width="2%" align="left">%</td> <td width="15%" align="right">-</td> <td width="2%" align="left"> </td></tr> <tr valign="bottom"><td width="65%" align="left">Department of Energy</td> <td width="14%" align="right">-</td> <td width="2%" align="left"> </td> <td width="15%" align="right">17</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="65%" align="left">Doosan Heavy Industries & Construction Co Ltd.</td> <td width="14%" align="right">-</td> <td width="2%" align="left"> </td> <td width="15%" align="right">15</td> <td width="2%" align="left">%</td></tr> <tr valign="bottom"><td width="65%" align="left">Shenyang Blower Works Group Wind Power Co.,Ltd.</td> <td width="14%" align="right">-</td> <td width="2%" align="left"> </td> <td width="15%" align="right">13</td> <td width="2%" align="left">%</td></tr></table></div> </div>

21990000

13799000

P3Y

0.00

0.0000

P5Y10M24D

P5Y6M

P5Y10M24D

P5Y5M9D

P5Y3M11D

P5Y6M

0.675

0.80

0.720

0.8084

0.799

0.8032

0.019

0.0119

0.009

0.0077

0.0080

214886

427000

164879000

156415000

271000

307000

2811000

2168000

50709000

51191000

-463000

-806000

50709000

51191000