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<p style="margin: 0pt"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Raptor Pharmaceutical
Corp. (the “Company” or “Raptor”), a publicly-traded biotechnology company, seeks to research, manufacture,
and commercialize medicines that improve life for patients with severe, rare disorders. Raptor currently has product candidates
in pre-commercial and clinical development designed to potentially treat nephropathic cystinosis (“cystinosis”), Non-alcoholic
Steatohepatitis ("NASH"), Huntington's Disease ("HD") and aldehyde dehydrogenase ("ALDH2") deficiency.
Raptor's preclinical programs are based upon bioengineered novel drug candidates and drug-targeting platforms derived from the
human receptor-associated protein and related proteins that are designed to target cancer and infectious diseases.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt"><b><i>Basis
of Presentation</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The accompanying
condensed consolidated financial statements reflect the results of operations of Raptor and have been prepared in accordance with
the accounting principles generally accepted in the United States of America ("GAAP"). This Form 10-Q should be read
in conjunction with the audited financial statements and accompanying notes in the Company’s Annual Report on Form 10-K for
the year ended August 31, 2012 (“2012 Form 10-K”). The Company's fiscal year end is August 31. On December 4, 2012,
Raptor’s board of directors approved a change in the Company's fiscal year end from August 31 to December 31. As a result
of this change, the Company will file a transition report on Form 10-KT for the four-month period ended December 31, 2012. The
Company expects to file the transition report on or before March 18, 2013.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
condensed consolidated financial statements include the accounts of the Company's direct and indirect wholly owned subsidiaries.
All intercompany accounts have been eliminated. The Company's condensed consolidated financial statements have been prepared on
a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal
course of business. Through November 30, 2012, the Company had accumulated losses of $130,045. Management expects to incur further
losses for the foreseeable future.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Management
believes that the Company's cash, cash equivalents and short term investments as of December 31, 2012 of approximately $58,000
(which includes $23,414 of proceeds, net of fees and commissions, received in December 2012 under a $50,000 loan agreement with
HealthCare Royalty Partners (“HC Royalty”)) will be sufficient to meet the Company's operating requirements and obligations
into the fourth calendar quarter of 2013.<b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Use of Estimates</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The preparation
of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the dates of the condensed consolidated
financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Cash and Cash Equivalents</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
considers all highly liquid investments with original maturities of three months or less, when purchased, to be cash equivalents.
The Company maintains cash and cash equivalents, which consist principally of money market funds with high credit quality financial
institutions. Such amounts exceed Federal Deposit Insurance Corporation insurance limits. Restricted cash represents compensating
balances required by the Company's U.S. and European banks as collateral for credit cards.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Short-term Investments</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 23pt">The Company
invests in short-term investments in high credit-quality funds in order to obtain higher yields on its cash available for investment.
Short-term investments consisted of:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="padding-right: 1.55pt; padding-left: 22.5pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">August 31, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="width: 55%; padding-right: 1.55pt; padding-left: 22.5pt; line-height: 115%">Short-term duration government fund</td>
<td style="width: 6%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="width: 2%; border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$ </td>
<td style="width: 13%; border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">22,056</td>
<td style="width: 3%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="width: 3%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="width: 5%; padding-right: 1.6pt; line-height: 115%">$ </td>
<td style="width: 10%; padding-right: 1.6pt; line-height: 115%; text-align: right">15,307  </td>
<td style="width: 3%; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.55pt; padding-left: 22.5pt; line-height: 115%">Total short-term investments</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">15,307  </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 0.8pt; padding-left: 22.5pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Such investments
are not insured by the Federal Deposit Insurance Corporation. The Company completed an evaluation of its investments and determined
that it did not have any other-than-temporary impairments as of November 30, 2012 and August 31, 2012. The investments are placed
in financial institutions with strong credit ratings and management expects full recovery of the carrying amounts.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Functional Currency</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
consolidated functional currency is the U.S. dollar. Raptor Pharmaceuticals Europe B.V. ("BV") and RPTP European Holdings
C.V. ("CV"), the Company's European subsidiary and Cayman-based subsidiary, respectively, use the European Euro as their
functional currency. At each quarter end, BV's and CV's balance sheets are translated into U.S. dollars based upon the quarter-end
exchange rate, while their statements of comprehensive loss are translated into U.S. dollars based upon an average of the Euro's
value between the beginning and end date of the reporting period. BV's and CV's equity are adjusted for any translation gain or
loss.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Fair Value of Financial Instruments</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The carrying
amounts of certain of the Company's financial instruments including cash and cash equivalents, restricted cash, prepaid expenses,
accounts payable, accrued liabilities and capital lease liability approximate fair value due either to length of maturity or interest
rates that approximate prevailing market rates unless otherwise disclosed in these condensed consolidated financial statements.
The warrant liability is carried at fair value which is determined using the Black-Scholes option valuation model at the end of
each reporting period.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
uses a fair-value approach to value certain assets and liabilities. Fair value is the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value
is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset
or liability. The Company uses a fair value hierarchy, which distinguishes between assumptions based on market data (observable
inputs) and an entity's own assumptions (unobservable inputs). The hierarchy consists of three levels:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 2.4pt; line-height: 115%">•</td>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 96%; padding-right: 2.4pt; line-height: 115%; text-align: justify">Level one - Quoted market prices in active markets for identical assets or liabilities;</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 2.4pt; line-height: 115%">•</td>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 96%; padding-right: 2.4pt; line-height: 115%; text-align: justify">Level two - Inputs other than level one inputs that are either directly or indirectly observable; and</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 2.4pt; line-height: 115%">•</td>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 96%; padding-right: 2.4pt; line-height: 115%; text-align: justify">Level three - Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.</td></tr>
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<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 23pt">Determining
which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy
disclosures each quarter. Assets and liabilities measured at fair value on a recurring basis at November 30 and August 31, 2012
are summarized as follows:</p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
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<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0; text-align: center"><b>Assets</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
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<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 1</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 2</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
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<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 3</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b>November 30, 2012</b></p></td>
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<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
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<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
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<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">11,597</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">11,597</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Restricted cash</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Short-term investments</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">33,653</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">33,816</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; font-weight: bold; text-align: center">Liabilities</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">Fair value of common stock warrants</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">16,238</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">16,238</p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: top; padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">16,238</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">16,238</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0; text-align: center"><b>Assets</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 1</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 2</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 3</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b>August 31, 2012</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="width: 56%; padding-right: 1.6pt; line-height: 115%">Fair value of cash equivalents</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">13,162</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">13,162</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Restricted cash</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Short-term investments</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">15,307</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">15,307</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">28,469</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">28,638</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; font-weight: bold; text-align: center">Liabilities</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">Fair value of common stock warrants</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">17,266</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">17,266</p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: top; padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">17,266</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">17,266</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0 23pt"><b><i>Intangible Assets</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 23pt">Intangible
assets include the intellectual property and other rights relating to DR Cysteamine (currently developed as RP103 and RP104) and
to an out-license acquired in the 2009 Merger. The intangible assets related to RP103/RP104 are amortized using the straight-line
method over the estimated useful life of 20 years, which is the life of the intellectual property patents. The 20-year estimated
useful life is also based upon the typical development, approval, marketing and life cycle management timelines of pharmaceutical
drug products. The intangible assets related to the out-license are amortized using the straight-line method over the
estimated useful life of 16 years, which is the life of the intellectual property patents.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0 22.5pt; text-indent: 0.5in"><b><i>Goodwill</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Goodwill represents
the excess of the value of the purchase consideration over the identifiable assets acquired in the 2009 Merger. Goodwill is
reviewed annually, or when an indication of impairment exists. An impairment analysis is performed, and if necessary, a resulting
write-down in valuation is recorded.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Fixed Assets</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Fixed assets,
which mainly consist of leasehold improvements, lab equipment, computer hardware and software and capital lease equipment, are
stated at cost. Depreciation is computed using the straight-line method over the related estimated useful lives, except for leasehold
improvements and capital lease equipment, which are depreciated over the shorter of the useful life of the asset or the lease term.
Significant additions and improvements that have useful lives estimated at greater than one year are capitalized, while repairs
and maintenance are charged to expense as incurred.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Impairment of Long-Lived
Assets</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
evaluates its long-lived assets for indicators of possible impairment by comparison of the carrying amounts to future net undiscounted
cash flows expected to be generated by such assets when events or changes in circumstances indicate the carrying amount of an asset
may not be recoverable. Should an impairment exist, the impairment loss would be measured based on the excess carrying value of
the asset over the asset's fair value or discounted estimates of future cash flows.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">As of August
31, 2012, the Company determined that the capitalized acquired in-process research and development cost of $900, representing the
tezampanel and NGX 426 program acquired in its 2009 Merger, was impaired due to the Company’s decision to discontinue development
of this product candidate for thrombosis due to regulatory hurdles that would require significant expenditures which the Company
chose not to prioritize for funding.  As such, the Company expensed $900 as in-process research and development as part of
research and development expense on its consolidated statements of comprehensive loss for the year ended August 31, 2012. During
the three month period ended November 30, 2012, the Company did not identify any impairment losses.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"><b><i> </i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Common Stock Warrant Liabilities</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The warrants
issued by the Company in the 2010 private placement contain a cash-out provision which may be triggered upon request by the warrant
holders if the Company is acquired or upon the occurrence of certain other fundamental transactions involving the Company. This
provision requires these warrants to be classified as liabilities and to be marked to market at each period-end commencing on August 31,
2010. The warrants issued by the Company in its December 2009 equity financing contain a conditional obligation that may require
the Company to transfer assets to repurchase the warrants upon the occurrence of potential future events. Under the Financial
Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 480, <i>Distinguishing
Liabilities from Equity</i> ("ASC 480")<i>,</i> a financial instrument that may require the issuer to settle the obligation
by transferring assets is classified as a liability. Therefore, the Company has classified the warrants as liabilities and will
mark them to fair value at each period-end. The common stock warrants are re-measured at the end of every reporting period with
the change in value reported in the Company's condensed consolidated statements of comprehensive loss. Warrants which are recorded
as liabilities that are exercised are re-measured and marked to market the day prior to exercise. Upon exercise of such warrants,
the fair value of such warrants is reclassified to equity.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Research and Development
Costs</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Research and
development costs are charged to expense as incurred. Research and development expenses include medical, clinical, regulatory and
scientists' salaries and benefits, lab collaborations, preclinical studies, clinical trials, clinical trial materials, commercial
drug manufacturing prior to obtaining marketing approval, regulatory and clinical consultants, lab supplies, lab services, lab
equipment maintenance and small equipment purchased to support the research laboratory, amortization of intangible assets and allocated
executive, human resources and facilities expenses. Research and development expenses are offset by contra-expenses, which are
reimbursements of research and development expenses received either from research collaborators or from government grants or tax
rebates.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0 22.5pt"><b><i>Income Taxes</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Income taxes
are recorded under the liability method, under which deferred tax assets and liabilities are determined based on the difference
between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which
the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax
assets to the amount expected to be realized.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
effective tax rate is 0% for income tax for the three month period ended November 30, 2012 and the Company expects that its effective
tax rate fiscal year ended August 31, 2012 and the short calendar year from September 1, 2012 to December 31, 2012 will be 0%.
Based on the weight of available evidence, including cumulative losses since inception and expected future losses, the Company
has determined that it is more likely than not that the deferred tax asset amount will not be realized and therefore a full valuation
allowance has been provided on the Company's net deferred tax assets.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Utilization
of the Company's net operating loss ("NOL") carryovers may be subject to substantial annual limitation due to the ownership
change rules under the Internal Revenue Code and similar state income tax law provisions including those related to the suspension
and limitation of NOL carryovers for certain tax years. Such an annual limitation could result in the expiration of the NOL carryovers
before utilization.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On September
1, 2009, the Company adopted the provisions of ASC No. 740-10, <i>Accounting for Uncertainty in Income Taxes</i> ("ASC 740-10").
 ASC 740-10 requires entities following GAAP to identify uncertain tax positions and disclose any potential tax liability
on their financial statements using a two-step process, which includes recognition and measurement.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
continuing practice is to recognize interest and/or penalties related to income tax matters as a component of income tax expense.
As of November 30, 2012, there was no accrued interest and penalties related to uncertain tax positions.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
files U.S. Federal, California, Georgia and North Carolina state income tax returns and Dutch income tax returns. The Company
is currently not subject to any income tax examinations. Due to the Company's NOLs, generally all tax years remain open.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Net Loss per Share</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Net loss per
share is calculated by dividing net loss by the weighted-average shares of common stock outstanding during the period. Diluted
net income per share is calculated by dividing net income by the weighted-average shares of common stock outstanding and potential
shares of common stock during the period. For all periods presented, potentially dilutive securities are excluded from the computation
of fully diluted net loss per share as their effect is anti-dilutive. Potentially dilutive securities include:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 54%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 14%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 14%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 1.55pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2011</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Warrants to purchase common stock</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">4,861</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6,332</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Options to purchase common stock</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">7,741</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">5,683</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Total potentially dilutive securities</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">12,602</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">12,015</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Net loss per
share, basic and diluted, was $(0.26) and $(0.25) for the three month periods ended November 30, 2012 and 2011, respectively.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Comprehensive Loss</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Components
of comprehensive loss are reported in the Company's condensed consolidated statements of comprehensive loss in the period in which
they are recognized. The components of comprehensive loss include net loss and foreign currency translation adjustments.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Stock Option Plan</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 22.5pt">Effective
September 1, 2006, the Company adopted the provisions of FASB ASC Topic 718, <i>Accounting for Compensation Arrangements</i>,
("ASC 718") (previously listed as Statement of Financial Accounting Standards ("SFAS") No. 123 <i>(revised
2004), Share-Based Payment)</i> in accounting for its stock option plans. Under ASC 718, compensation cost is measured at the grant
date based on the fair value of the equity instruments awarded and is recognized over the period during which an employee is required
to provide service in exchange for the award, or the requisite service period, which is usually the vesting period. The fair value
of the equity award granted is estimated on the date of the grant. The Company accounts for stock options issued to third parties,
including consultants, in accordance with the provisions of the FASB ASC Topic 505-50, <i>Equity-Based Payments to Non-Employees,</i>
("ASC 505-50") (previously listed as Emerging Issues Task Force Consensus No. 96-18, <i>Accounting for Equity Instruments
That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling Goods or Services).</i> See Note 6, Stock
Option Plans, for further discussion of employee stock-based compensation.</p>
<p style="margin: 0pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On December 14,
2007, the Company acquired the intellectual property and other rights to develop RP103/RP104 to treat various clinical indications
from the University of California at San Diego ("UCSD") by way of a merger with Encode Pharmaceuticals, Inc., a privately
held development stage company ("Encode"), which held the intellectual property license with UCSD. The intangible assets
acquired in the merger with Encode were recorded at $2,620, primarily based on the value of the Company's common
stock and warrants issued to the Encode stockholders.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Intangible
assets originally recorded as a result of the 2009 Merger were $1,140 of which $900 was written off as of August
31, 2012 as discussed below.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Summary of
intangible assets acquired as discussed above:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 70%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 1.55pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, <br />  2012</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">August 31, <br />  2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Intangible asset (IP license for RP103/RP104) related to the Encode merger</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2,620</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2,620</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Intangible assets (out-license) related to the 2009 Merger</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">240</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">240</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Total intangible assets</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">2,860</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">2,860</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Less accumulated amortization</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(692</td>
<td style="padding-right: 1.6pt; line-height: 115%">)</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(655</td>
<td style="padding-right: 1.6pt; line-height: 115%">)</td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">                 Intangible assets, net</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">2,168</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">2,205</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The
intangible assets related to RP103/RP104 are being amortized monthly over 20 years, which are the lives of the intellectual
property patents and the estimated useful life. The 20 year estimated useful life is also based upon the typical development,
approval, marketing and life cycle management timelines of pharmaceutical drug products. The intangible assets related to the
out-license are amortized using the straight-line method over the estimated useful life of 16 years, which is the life of
the intellectual property patents.  As of August 31, 2012, the Company determined that the capitalized acquired
in-process research and development cost of $900, representing the tezampanel and NGX 426 program acquired in the 2009
Merger, was impaired due to the Company's decision to discontinue development of this product candidate for thrombosis due to
regulatory hurdles that would require significant expenditures which the Company chose not to prioritize for funding.
 The Company performed an impairment analysis and determined that the fair value of this intangible asset was zero.
 As such, the Company expensed $900 as in-process research and development as part of research and development expense
on the Company's consolidated statements of comprehensive loss for the year ended August 31, 2012.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">During the three
month periods ended November 30, 2012 and 2011 and the cumulative period from September 8, 2005 (inception) to November 30,
2012, the Company amortized $37, $36 and $733 (includes $42 related to NeuroTrans™ which was written off as of August 31,
2011), respectively, of intangible assets to research and development expense.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">The following
table summarizes the actual and estimated amortization expense for intangible assets for the periods indicated:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 83%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; font-weight: bold">Amortization period</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Amortization <br />  expense</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2013 – estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> $</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2014 – estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2015 – estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2016 – estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2017 – estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Goodwill of
$3,275 represents the excess of total consideration recorded for the 2009 Merger over the value of the assets assumed.  The
Company tested the carrying value of goodwill for impairment as of its fiscal year ended August 31, 2012 and determined that there
was no impairment.   Intangible assets are tested for impairment whenever events indicate that their carrying values
may not be recoverable.  During the year ended August 31, 2012, the tezampanel/NGX426 asset was written off with
a carrying value of $900 and during the year ended August 31, 2011, the NeuroTrans™ asset was written off with a carrying
value of $108 due to the termination of a collaboration agreement.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt"></p>
<p style="margin: 0pt"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 23pt">Fixed assets
consisted of:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 36%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 28%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; font-weight: bold">Category</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">August 31, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; font-weight: bold; text-align: center">Estimated useful lives</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Leasehold improvements</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%">$</td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%">$</td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">Shorter of life of <br />  asset or lease term</td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Office furniture</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">25</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">3</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">7 years</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Laboratory equipment</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">594</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">569</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">5 years</td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Computer hardware and software</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">184</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">205</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">3 years</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Capital lease equipment</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">26</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">26</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">Shorter of life of <br />  asset or lease term</td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Total at cost</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">975</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">949</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Less: accumulated depreciation</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(578</td>
<td style="padding-right: 1.6pt; line-height: 115%">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(546</td>
<td style="padding-right: 1.6pt; line-height: 115%">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total fixed assets, net</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">397</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">403</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">Depreciation expense
for the three month periods ended November 30, 2012 and 2011 and the cumulative period from September 8, 2005 (inception)
to November 30, 2012 was $32, $9 and $598, respectively. Accumulated depreciation on capital lease equipment was $8 and $6 as of
November 30, 2012 and August 31, 2012, respectively.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 6pt 0 0"><b> </b></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0 22.5pt"><b><i>Preferred Stock</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">At November
30, 2012, the Company was authorized to issue 15,000 shares of $0.001 par value per share of preferred stock. There were no shares
issued and outstanding. Dividends on the preferred stock will be paid when, and if, declared by the board of directors.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0 22.5pt"><b><i>Common Stock</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">At November
30, 2012, the Company was authorized to issue 150,000 shares of $0.001 par value per share of common stock. Dividends on the common
stock will be paid when, and if, declared by the board of directors. Each holder of common stock is entitled to vote on all matters
and is entitled to one vote for each share held.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">As of November
30, 2012 and August 31, 2012, there were 52,098 and 50,568 shares, respectively of the Company's common stock issued and outstanding.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0 22.5pt"><b><i>Common Stock Issuance Under At-The-Market
(“ATM”) Agreement</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On April 30,
2012, the Company entered into an "At-the-Market" ("ATM") Sales Agreement, with Cowen and Company, LLC ("Cowen"),
under which the Company may, at its discretion, sell its common stock with a sales value of up to a maximum of $40,000 through
ATM sales on the NASDAQ Stock Market. Cowen is the sole sales agent for any sales made under the ATM for a 3% commission on gross
proceeds. The common stock is sold at prevailing market prices at the time of the sale of common stock, and, as a result, prices
will vary.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Sales in the
ATM offering are being made pursuant to the prospectus supplement dated April 30, 2012, which supplements the Company's prospectus
dated February 3, 2012, filed as part of the shelf registration statement that was declared effective by the SEC on February 3,
2012.  Through November 30, 2012, the Company sold 2,660 shares under the ATM at a weighted-average selling price of $5.20
per share for net proceeds of $13,330.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0 22.5pt"><b><i>Common Stock Warrants</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">During the three
month period ended November 30, 2012, the Company received approximately $956 from the exercise of warrants in exchange for the
issuance of approximately 327 shares of the Company's common stock. During the cumulative period from September 8, 2005
(inception) through November 30, 2012, the Company received approximately $21,867 from the exercise of warrants in exchange for
the issuance of an aggregate of approximately 9,241 shares.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The table
reflects the number of common stock warrants outstanding as of November 30, 2012:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 5.4pt; text-align: center">Number of <br />  shares <br />  exercisable</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 5.4pt; text-align: center">Exercise <br />  price</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 2.4pt; text-align: center">Expiration date</td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="width: 46%; padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">Issued in connection with Encode merger</td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 10%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">233</td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; width: 10%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.87</td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 26%; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">12/13/2015</td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">Issued to placement agents in May / June 2008</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">433</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.36</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">5/21/2013</td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">Issued to placement agents in August 2009</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">65</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1.50</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">8/21/2014</td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">TorreyPines warrants assumed in 2009 Merger</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">8</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">80.86</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">*</td>
<td style="vertical-align: bottom; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">6/11/2013-9/26/2015</td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">Issued to registered direct investors in Dec. 2009</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">680</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.45</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">12/22/2014</td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">Issued to private placement investors in Aug. 2010</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3,344</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.075</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">8/12/2015</td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">Issued to placement agent in Aug. 2010</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">98</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt">$</td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">3.075</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">8/12/2015</td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 2.35pt; font: 8pt/115% Times New Roman, Times, Serif">Total warrants outstanding</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">4,861</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">3.02</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">*</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="width: 2%; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif">*</td>
<td style="width: 98%; padding-right: 2.4pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: justify">Weighted-average exercise price</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The warrants
issued by the Company in the August 2010 private placement and the December 2009 equity financing contain a conditional obligation
that may require the Company to transfer assets to repurchase the warrants upon the occurrence of potential future events. Under
ASC 480, a financial instrument that may require the issuer to settle the obligation by transferring assets is classified as a
liability. Therefore, the Company has classified the warrants from both financings as liabilities and will mark them to fair value
at each period end.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">A Black-Scholes
option-pricing model was used to obtain the fair value of the warrants issued in the December 2009 and August 2010 equity financings
using the following assumptions at November 30, 2012 and August 31, 2012:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>December 2009 equity financing
Series A</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="vertical-align: top; border-bottom: black 1.5pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>August 2010 private placement</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>Investors and placement agent</b></p></td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 2.6pt; font: bold 8pt/115% Times New Roman, Times, Serif; text-align: center">November 30, 2012</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 2.6pt; font: bold 8pt/115% Times New Roman, Times, Serif; text-align: center">August 31, 2012</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 2.6pt; font: bold 8pt/115% Times New Roman, Times, Serif; text-align: center">November 30, 2012</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 2.6pt; font: bold 8pt/115% Times New Roman, Times, Serif; text-align: center">August 31, 2012</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 53%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Fair value ($ millions)</td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.6</td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.9</td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">13.6</td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">14.4</td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Black-Scholes inputs:</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Stock price</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.29</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">4.97</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.29</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">4.97</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Exercise price</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.45</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.45</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.075</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.075</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Risk free interest rate</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0.25</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0.22</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0.34</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0.30</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Volatility</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">115</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">125</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">115</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">125</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">%</td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Expected term (years)</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.00</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.25</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.75</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.00</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Dividend</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt"><b><i>Marked-to-Market</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">For the three
month periods ended November 30, 2012 and 2011, and for the cumulative period from September 8, 2005 (inception) to November
30, 2012, as a result of the marking-to-market of the warrant liability at quarter-end and the day prior to the exercise of warrants
subject to warrant liability accounting, the Company recorded losses of $364, $4,168 and $25,733, respectively, in the line item
adjustment to fair value of common stock warrants in its condensed consolidated statements of comprehensive loss.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Below is the
activity of the warrant liabilities for the three month periods ended November 30, 2012 and 2011 (in millions):</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 11.6pt; text-align: center"></td></tr></table>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 11.6pt; text-align: center"><b>Three month periods ended November 30,</b></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center"><b>2012</b></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center"><b>2011</b></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="width: 67%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Fair value of December 2009 direct offering warrants (including placement agent warrants) at beginning of the fiscal years</td>
<td style="vertical-align: bottom; width: 5%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; width: 6%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.9</td>
<td style="vertical-align: bottom; width: 3%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: bottom; width: 6%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.9</td>
<td style="vertical-align: bottom; width: 2%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; padding-left: 20pt; font: 8pt/115% Times New Roman, Times, Serif">December 2009 direct offering warrants exercised</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">(0.2</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">(0.2</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">) </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; padding-left: 20pt; font: 8pt/115% Times New Roman, Times, Serif">Adjustment to mark to market common stock warrants</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">(0.1</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">)  </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">1.0</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">December 2009 direct offering common stock warrant liability at fair value at November 30, 2012 and 2011</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">2.6</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">6.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Fair value of August 2010 private placement warrants (including broker warrants) at beginning of the fiscal years</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">14.4</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">17.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; padding-left: 20pt; font: 8pt/115% Times New Roman, Times, Serif">August 2010 private placement warrants exercised</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">(0.8</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">(1.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">)  </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; padding-left: 20pt; font: 8pt/115% Times New Roman, Times, Serif">Adjustment to mark to market common stock warrants</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">0</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">2.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">August 2010 private placement common stock warrant liability at fair value at November 30, 2012 and 2011</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">13.6</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">18.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Total warrant liability at November 30, 2012 and 2011</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">16.2</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">25.4</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse"><tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif"><td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"></td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0 22.5pt"><b><i>Effect of Raptor’s Stock Price and
Volatility Assumptions on the Calculation of Fair Value of Warrant Liabilities </i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">As discussed
above, the Company uses the Black-Scholes option pricing model as its method of valuation for warrants that are subject to warrant
liability accounting. The determination of the fair value as of the reporting date is affected by Raptor’s stock price as
well as assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited
to, expected stock price volatility over the term of the security and risk-free interest rate. In addition, the Black-Scholes option
pricing model requires the input of an expected life for the securities for which we have estimated based upon the stage of the
Company’s development. The fair value of the warrant liability is revalued each balance sheet date utilizing Black-Scholes
valuation model computations with the decrease or increase in fair value being reported in the statement of comprehensive loss
as other income or expense, respectively. The primary factors affecting the fair value of the warrant liability are the Company’s
stock price and volatility. In addition, the Black-Scholes option pricing model requires the input of highly subjective assumptions,
and other reasonable assumptions could provide differing results. The Company’s reported net loss was $13,399 for the three
month period ended November 30, 2012. If the Company’s November 30, 2012 closing stock price had been 10% lower, its net
loss would have been approximately $1,939 lower. If the Company’s November 30, 2012 closing stock price had been 10% higher,
its net loss would have been approximately $1,961 higher. If the Company’s November 30, 2012 volatility assumption had been
10% lower, its net loss would have been approximately $666 lower. If the Company’s November 30, 2012 volatility assumption
had been 10% higher, its net loss would have been approximately $622 higher.</p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">Accrued liabilities
consisted of:</p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="vertical-align: top; padding-right: 7.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 2.6pt; text-align: center"><b>November 30, 2012</b></td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="3" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center"><b>August 31, 2012</b></td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Clinical trial and related costs</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1,049</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td colspan="2" style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">841</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Pre-commercial and other consulting</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">504</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">292</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Accrued vacation and employee benefits</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">392</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">307</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Accrued bonuses</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">374</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">746</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Legal and patent fees</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">288</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">149</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Salaries and wages</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">221</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">94</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Auditing and tax preparation fees</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">110</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">108</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Other</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt"> </td>
<td style="border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">34</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">115</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">Total accrued liabilities</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt">$</td>
<td style="border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">2,972</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt">$</td>
<td colspan="2" style="border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.8pt; text-align: right">2,652</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 9px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 9px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 78px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 9px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 9px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 9px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 60px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 9px; font: 8pt Times New Roman, Times, Serif"> </td>
<td style="width: 9px; font: 8pt Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">During the
three month period ended November 30, 2012, the Company received $127 from the exercise of stock options in exchange for the issuance
of 50 shares of the Company's common stock. For the cumulative period from September 8, 2005 (inception) through November
30, 2012, the Company received $662 from the exercise of stock options resulting in the issuance of 290 shares of common stock.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">Effective September 1,
2006, the Company began recording compensation expense associated with stock options and other forms of equity compensation in
accordance with ASC 718. Prior to September 1, 2006, the Company accounted for stock options according to the provisions of
APB Opinion No. 25, <i>Accounting for Stock Issued to Employees</i>, and related interpretations, and therefore no related
compensation expense was recorded for awards granted with no intrinsic value. The Company adopted the modified prospective transition
method provided for under ASC 718, and consequently has not retroactively adjusted results from prior periods. Under this transition
method, compensation cost associated with stock options now includes: (i) quarterly amortization related to the remaining
unvested portion of all stock option awards granted prior to September 1, 2006, based on the grant date value estimated in
accordance with the original provisions of ASC 718; and (ii) quarterly amortization related to all stock option awards granted
subsequent to September 1, 2006, based on the grant date fair value estimated in accordance with the provisions of ASC 718.
In addition, the Company records consulting expense over the vesting period of stock options granted to consultants. The compensation
expense for stock-based compensation awards includes an estimate for forfeitures and is recognized over the requisite service period
of the options, which is typically the period over which the options vest, using the straight-line method. Employee stock-based
compensation expense for the three month periods ended November 30, 2012 and  2011, respectively, and for the cumulative period
from September 8, 2005 (inception) to November 30, 2012 was $1,651, $917 and $9,489, respectively, of which cumulatively $7,563
was included in general and administrative expense and $1,926 was included in research and development expense. No employee stock
compensation costs were recognized for the period from September 8, 2005 (inception) to August 31, 2006, which was prior
to the Company's adoption of ASC 718.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">Stock-based
compensation expense was based on the Black-Scholes option-pricing model assuming the following:</p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"><b>Period*</b></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="padding-right: 0.05in; font: bold 8pt/115% Times New Roman, Times, Serif; text-align: center">Risk-free <br />  interest rate</td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">  </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center"><b>Expected<br />
life of stock<br />
option</b></p></td>
<td style="font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p></td>
<td colspan="2" style="padding-right: 1.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center"><b>Annual</b> <br />
<b>volatility</b></td>
<td style="font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.55pt">Three months ended November 30, 2011</td>
<td style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">1.02</td>
<td colspan="2" style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 2.6pt">%</td>
<td style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: center">6 years</td>
<td style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">121</td>
<td style="border-top: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt">%</td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.55pt; font: 8pt/115% Times New Roman, Times, Serif">Three months ended November 30, 2012</td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0.68</td>
<td colspan="2" style="padding-right: 2.6pt; font: 8pt/115% Times New Roman, Times, Serif">%</td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: center">5 years</td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">95</td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">%</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="width: 4%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">*</td>
<td style="width: 96%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: justify">Dividend rate is 0% for all periods presented.</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 10pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">If factors change
and different assumptions are employed in the application of ASC 718, the compensation expense recorded in future periods may differ
significantly from what was recorded in the current period.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">The Company
recognizes as an expense the fair value of options granted to persons who are neither employees nor directors. The fair value of
expensed options was based on the Black-Scholes option-pricing model assuming the same factors shown in the stock-based compensation
expense table above. Stock-based compensation expense for consultants for the three month periods ended November 30, 2012 and 2011
and for the cumulative period from September 8, 2005 (inception) to November 30, 2012 was $7, zero and $762, respectively,
of which cumulatively $147 was included in general and administrative expense and $615 was included in research and development
expense.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">A summary of
the activity in the 2010 Equity Incentive Plan, the 2006 Equity Compensation Plan, as amended and the Company's other stock option
plans, is as follows:</p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: top; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><b>Option shares</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><b>Weighted- average exercise
price</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><b>Exercisable</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 1.8pt; text-align: center">Weighted- average fair value of options granted</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="width: 33%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">Outstanding at August 31, 2012</td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 11%; padding-right: -2.3pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6,125 </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">$</td>
<td style="width: 9%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.87</td>
<td style="width: 4%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 10%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2,995</td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 4%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">$</td>
<td style="width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.37</td>
<td style="width: 5%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">  Granted</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: -2.3pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1,666 </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.36</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.84</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">  Exercised</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: -2.3pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">(50)</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.53</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">$</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1.85</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: top; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">Outstanding at November 30, 2012</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="border-top: black 1.5pt solid; border-bottom: black 4.5pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 3.1pt; text-align: right">7,741 </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.4pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="padding-right: 5.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.78</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 8.7pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3,320</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">$</td>
<td style="padding-right: 7.65pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.49</td>
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: center"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">The weighted-average
intrinsic values of stock options were as follows:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>Options outstanding and expected
to vest</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>November 30,</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="vertical-align: top; border-bottom: black 1.5pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>Options exercisable</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>November 30,</b></p></td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> <b>(In millions)</b></td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 2.6pt; text-align: center">2012</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 2.6pt; text-align: center">2011</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 2.6pt; text-align: center">2012</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 2.6pt; text-align: center">2011</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; width: 56%; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Intrinsic value</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">7.0</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">7.2</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.2</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">4.3</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">  Number of options</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">7.7</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.7</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.3</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"> </td>
<td style="text-align: right; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; vertical-align: bottom"> 2.1</td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right"></td>
<td style="vertical-align: top; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">There were 2,013
options available for grant as of November 30, 2012 under the 2010 Equity Incentive Plan, as amended (the "Plan"). Plan
amendments allow for 50% accelerated vesting of unvested stock options upon a change of control as defined in the Plan. The amended
and restated award agreement, subject to the terms of any applicable employment agreement, extends the termination date of the
awards granted under the Plan that are vested as of such termination date due to (a) an employee's or a non-employee director's
retirement at age 62 or older which employee or non-employee director has at least five (5) years of continuous service with
the Company prior to such retirement, (b) the termination of a non-employee director's board membership for reasons other
than for cause or retirement and (c) an employee's or a non-employee director's death (during his or her continuous service
with the Company or within 90 days' of such continuous service with the Company) or permanent disability, to eighteen (18) months
from the date of termination of continuous service with the Company. No further grants will be made under any previous or assumed
stock option plans.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt">As of November
30, 2012, the options outstanding under all of the Company's stock option plans consisted of the following:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="width: 25%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 10%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 4%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 9%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 9%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 3%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 8%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="10" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 19.6pt; text-align: center">Options outstanding</td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 11.6pt; text-align: center">Options vested and exercisable</td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="border-bottom: black 1.5pt solid; font: 8pt Times New Roman, Times, Serif">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"><b>Range of exercise</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"><b>prices</b></p></td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center">Number of options <br />  outstanding and <br />  expected to vest <br />  (#)</td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center">Weighted- <br />  average <br />  remaining <br />  contractual life <br />  (yrs.)</td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center">Weighted- <br />  average <br />  exercise <br />  price ($)</td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center">Number of <br />  options <br />  exercisable (#)</td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center">Weighted- <br />  average <br />  exercise price <br />  ($)</td>
<td style="padding-right: 1.6pt; font: bold 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$0 to $1.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">9</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6.38</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0.85</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">0.85</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$1.01 to $2.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">79</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6.55</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1.78</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">74</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1.76</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$2.01 to $3.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1,381</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.96</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.65</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1,087</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.60</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$3.01 to $4.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1,764</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">8.03</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.50</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">1,193</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3.52</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$4.01 to $5.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">310</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">7.11</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">4.79</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">86</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">4.71</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$5.01 to $6.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">3,807</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">9.23</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.27</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">758</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.14</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$6.01 to $7.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">277</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">9.25</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6.48</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">59</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6.50</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$7.01 to $8.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">70</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">9.21</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">7.75</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">13</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">7.75</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif">$8.01 to $964.24</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">44</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">2.81</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">249.43</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">44</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">249.43</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">7,741</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">8.35</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">5.78</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">3,320</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6.87</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt"></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 23pt">At November 30, 2012,
the total unrecognized compensation cost was $15,900. The weighted-average period over which it is expected to be recognized is
approximately 3 years.</p>
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 10pt 0 0"> </p>
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 10pt 0 0"></p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
maintained several contracts with drug labelers and distributors, research organizations, contract manufacturers, clinical organizations
and clinical sites, primarily to assist with clinical research and clinical and commercial manufacturing for its cystinosis and
HD programs and its NASH clinical collaboration. The Company’s contractual obligations have not changed significantly during
the three month period ended November 30, 2012 compared to its fiscal year ended August 31, 2012.</p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"></p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On December
4, 2012, the Company changed its fiscal year end from August 31 to December 31 and it plans to file a transitional Annual Report
on Form 10-KT in March 2013 with respect to the short year from September 1, 2012 to December 31, 2012.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On December
20, 2012, the Company signed a $50,000 Loan Agreement with HC Royalty and it had drawn the first tranche of proceeds (net of fees
and commissions) of approximately $23,414 under this agreement. The Company would receive an additional $25,000, before expenses,
upon receiving U.S. Food and Drug Administration (“FDA”) approval of RP103 for the treatment of cystinosis and other
customary closing conditions. The loan bears interest at an annual fixed rate of 10.75% and a variable royalty rate, tiered down,
based on a percentage of future net product sales. The loan is interest-only for the first two years.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On December
21, 2012, the Company received a notice from the FDA stating that the FDA would require additional time to complete its review
of the Company’s New Drug Application for RP103 for the potential treatment of cystinosis and that the initial Prescription
Drug User Fee Act goal date has been extended from January 30, 2013 to April 30, 2013. No additional studies were requested by
the FDA.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On December
28, 2012, the Company’s wholly-owned operating subsidiaries, Raptor Therapeutics Inc. and Raptor Discoveries Inc. merged,
with Raptor Therapeutics Inc. remaining as the surviving operating company. Concurrently, Raptor Therapeutics Inc. changed its
name to Raptor Pharmaceuticals Inc.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"></p>
<p style="margin: 0pt"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt"><b><i>Basis
of Presentation</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The accompanying
condensed consolidated financial statements reflect the results of operations of Raptor and have been prepared in accordance with
the accounting principles generally accepted in the United States of America ("GAAP"). This Form 10-Q should be read
in conjunction with the audited financial statements and accompanying notes in the Company’s Annual Report on Form 10-K for
the year ended August 31, 2012 (“2012 Form 10-K”). The Company's fiscal year end is August 31. On December 4, 2012,
Raptor’s Board of Directors approved a change in the Company's fiscal year end from August 31 to December 31. As a result
of this change, the Company will file a transition report on Form 10-KT for the four-month period ended December 31, 2012. The
Company expects to file the transition report on or before March 18, 2013.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
condensed consolidated financial statements include the accounts of the Company's direct and indirect wholly owned subsidiaries.
All intercompany accounts have been eliminated. The Company's condensed consolidated financial statements have been prepared on
a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal
course of business. Through November 30, 2012, the Company had accumulated losses of $130,045. Management expects to incur further
losses for the foreseeable future.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Management
believes that the Company's cash, cash equivalents and short term investments as of December 31, 2012 of approximately $58,000
(which includes $23,414 of proceeds, net of fees and commissions, received in December 2012 under a $50,000 loan agreement with
HealthCare Royalty Partners (“HC Royalty”)) will be sufficient to meet the Company's operating requirements and obligations
into the fourth calendar quarter of 2013.<b> </b></p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Use of Estimates</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The preparation
of financial statements in conformity with GAAP requires management to make certain estimates and assumptions that affect the reported
amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the dates of the condensed consolidated
financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ
from those estimates.</p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 63%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 13%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 6%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 1.55pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, <br />  2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">August 31, <br />  2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr>
<td style="padding-right: 1.55pt; line-height: 115%">Short-term duration government fund</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$ </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">22,056</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$ </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">15,307  </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr>
<td style="padding-right: 1.55pt; padding-left: 20pt; line-height: 115%">Total short-term investments</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">22,056</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">15,307  </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="width: 54%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 15%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 1%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 14%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="width: 2%; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.55pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="6" style="border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center"><b>November 30,</b>  </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="vertical-align: bottom; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.55pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center"><b>2012</b></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; font: bold 8pt/115% Times New Roman, Times, Serif; padding-right: 0.05in; text-align: center"><b>2011</b></td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.55pt; font: 8pt/115% Times New Roman, Times, Serif">Warrants to purchase common stock</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">4,861</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif; text-align: right">6,332</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.55pt; font: 8pt/115% Times New Roman, Times, Serif">Options to purchase common stock</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">7,741</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">5,683</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: #CCEEFF; font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="background-color: white; font: 8pt Times New Roman, Times, Serif">
<td style="padding-right: 1.55pt; font: 8pt/115% Times New Roman, Times, Serif">Total potentially dilutive securities</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">12,602</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; font: 8pt/115% Times New Roman, Times, Serif; padding-right: 1.6pt; text-align: right">12,015</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
<tr style="font: 8pt Times New Roman, Times, Serif">
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; font: 8pt/115% Times New Roman, Times, Serif"> </td>
<td style="padding-right: 1.6pt; font: 8pt/115% Times New Roman, Times, Serif"> </td></tr>
</table>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"></p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 70%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 1.55pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, <br />  2012</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">August 31, <br />  2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Intangible asset (IP license for RP103/RP104) related to the Encode merger</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2,620</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2,620</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Intangible assets (out-license) related to the 2009 Merger</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">240</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">240</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">In-process research and development (IP license for tezampanel) related to the 2009 Merger</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Total intangible assets</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2,860</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2,860</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Less accumulated amortization</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(692</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(655</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">)</td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Intangible assets, net</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">2,168</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">2,205</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 83%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; font-weight: bold">Amortization period</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Amortization <br />  expense</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2013 - estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> $</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2014 - estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2015 - estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2016 - estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Fiscal year ending August 31, 2017 - estimate</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 36%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 28%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; font-weight: bold">Category</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">August 31, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; font-weight: bold; text-align: center">Estimated useful lives</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Leasehold improvements</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%">$</td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%">$</td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">146</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">Shorter of life of <br />  asset or lease term</td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Office furniture</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">25</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">3</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">7 years</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Laboratory equipment</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">594</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">569</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">5 years</td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Computer hardware and software</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">184</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">205</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">3 years</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Capital lease equipment</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">26</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">26</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">Shorter of life of <br />  asset or lease term</td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Total at cost</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">975</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">949</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Less: accumulated depreciation</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(578</td>
<td style="padding-right: 1.6pt; line-height: 115%">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(546</td>
<td style="padding-right: 1.6pt; line-height: 115%">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total fixed assets, net</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">397</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">403</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="6" style="border-bottom: black 1.5pt solid; padding-right: 11.6pt; line-height: 115%; font-weight: bold; text-align: center">Three Month Periods Ended November 30,</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">2011</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="width: 67%; padding-right: 1.6pt; line-height: 115%">Fair value of December 2009 direct offering warrants (including placement agent warrants) at beginning of the fiscal years</td>
<td style="vertical-align: bottom; width: 5%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; width: 6%; padding-right: 1.6pt; line-height: 115%; text-align: right">2.9</td>
<td style="vertical-align: bottom; width: 3%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; width: 6%; padding-right: 1.6pt; line-height: 115%; text-align: right">5.9</td>
<td style="vertical-align: bottom; width: 2%; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; padding-left: 20pt; line-height: 115%">December 2009 direct offering warrants exercised</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">(0.2</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">(0.2</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">) </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; padding-left: 20pt; line-height: 115%">Adjustment to mark to market common stock warrants</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">(0.1</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">)  </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">1.0</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">December 2009 direct offering common stock warrant liability at fair value at November 30, 2012 and 2011</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">2.6</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">6.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p></td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Fair value of August 2010 private placement warrants (including broker warrants) at beginning of the fiscal years</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">14.4</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">17.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; padding-left: 20pt; line-height: 115%">August 2010 private placement warrants exercised</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">(0.8</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">)</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">(1.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">)  </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; padding-left: 20pt; line-height: 115%">Adjustment to mark to market common stock warrants</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">2.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">August 2010 private placement common stock warrant liability at fair value at November 30, 2012 and 2011</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">13.6</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">18.7</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Total warrant liability at November 30, 2012 and 2011</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">16.2</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">25.4</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"> </p>
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 8pt Times New Roman, Times, Serif">
<tr style="vertical-align: bottom">
<td> </td><td> </td>
<td colspan="7" style="text-align: center"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 1pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><b>November 30, 2012</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right"><b>August 31, 2012</b></td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="width: 56%; text-align: left">Clinical trial and related costs</td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">1,049</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td>
<td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">841</td><td style="width: 1%; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left">Pre-commercial and other consulting</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">504</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">292</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left">Accrued vacation and employee benefits</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">392</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">307</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left">Accrued bonuses</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">374</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">746</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left">Legal and patent fees</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">288</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">149</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: left">Salaries and wages</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">221</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">94</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left">Auditing and tax preparation fees</td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">110</td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right">108</td><td style="text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="padding-bottom: 1pt">Other</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">34</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">115</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 2.5pt">Total accrued liabilities</td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,972</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td>
<td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">2,652</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr>
<tr style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td>
<td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"><b> </b></p>
<p style="margin: 0pt; font: 8pt Times New Roman, Times, Serif"></p>
146000
146000
25000
3000
594000
569000
184000
205000
26000
26000
975000
949000
-578000
-546000
146000
146000
146000
146000
146000
2860000
2860000
-692000
-655000
2168000
2205000
<p style="margin: 0pt"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 23pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0; text-align: center"><b>Assets</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 1</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 2</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 3</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b>November 30, 2012</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="width: 56%; padding-right: 1.6pt; line-height: 115%">Fair value of cash equivalents</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">11,597</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">11,597</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Restricted cash</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Short-term investments</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">33,653</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">33,816</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; font-weight: bold; text-align: center">Liabilities</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">Fair value of common stock warrants</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">16,238</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">16,238</p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: top; padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">16,238</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">16,238</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0; text-align: center"><b>Assets</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 1</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 2</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 3</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b>August 31, 2012</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="width: 56%; padding-right: 1.6pt; line-height: 115%">Fair value of cash equivalents</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">13,162</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">13,162</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Restricted cash</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Short-term investments</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">15,307</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">15,307</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">28,469</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">28,638</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; font-weight: bold; text-align: center">Liabilities</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">Fair value of common stock warrants</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">17,266</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">17,266</p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: top; padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">17,266</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">17,266</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"> </p>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="padding-right: 0.8pt; line-height: 115%; font-weight: bold">Period*</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Risk-free <br />  interest rate</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">  </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.4pt 0 0; text-align: center"><b>Expected<br />
life of stock<br />
option</b></p></td>
<td>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p></td>
<td colspan="2" style="padding-right: 1.8pt; line-height: 115%; text-align: center"><b>Annual</b> <br />
<b>volatility</b></td>
<td style="line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="border-top: black 1.5pt solid; padding-right: 1.55pt; line-height: 115%">Three months ended November 30, 2011</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">1.02</td>
<td colspan="2" style="border-top: black 1.5pt solid; padding-right: 2.6pt; line-height: 115%">%</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: center">6 years</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">121</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">%</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.55pt; line-height: 115%">Three months ended November 30, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">0.68</td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%">%</td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: center">5 years</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; text-align: right">95</td>
<td style="padding-right: 1.6pt; line-height: 115%">%</td></tr>
</table>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"> </p>
<table cellspacing="0" cellpadding="0" style="font: 8pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td style="vertical-align: bottom; border-bottom: black 1pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><b>Option shares</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><b>Weighted- average exercise
price</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.8pt 0 0; text-align: center"><b>Exercisable</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="vertical-align: bottom; border-bottom: black 1pt solid; padding-right: 1.8pt; line-height: 115%; font-weight: bold; text-align: center">Weighted- average fair value of options granted</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; font-weight: bold"> </td></tr>
<tr style="vertical-align: top">
<td style="width: 33%; padding-right: 0.8pt; line-height: 115%">Outstanding at August 31, 2012</td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 11%; padding-right: -2.3pt; line-height: 115%; text-align: right">6,125 </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%; text-align: right">$</td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%; text-align: right">5.87</td>
<td style="width: 4%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 10%; padding-right: 0.8pt; line-height: 115%; text-align: right">2,995</td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 4%; padding-right: 0.8pt; line-height: 115%; text-align: right">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">3.37</td>
<td style="width: 5%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 0.8pt; line-height: 115%">  Granted</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: -2.3pt; line-height: 115%; text-align: right">1,666 </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">5.36</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">3.84</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 0.8pt; line-height: 115%">  Exercised</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: -2.3pt; line-height: 115%; text-align: right">(50)</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">2.53</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">1.85</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 0.8pt; line-height: 115%">Outstanding at November 30, 2012</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-top: black 1.5pt solid; border-bottom: black 4.5pt double; padding-right: 3.1pt; line-height: 115%; text-align: right">7,741 </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.4pt; line-height: 115%">$</td>
<td style="padding-right: 5.8pt; line-height: 115%; text-align: right">5.78</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 8.7pt; line-height: 115%; text-align: right">3,320</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">$</td>
<td style="padding-right: 7.65pt; line-height: 115%; text-align: right">3.49</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="margin: 0pt"></p>
<p style="margin: 0pt"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 25%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 10%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 4%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 9%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="10" style="border-bottom: black 1.5pt solid; padding-right: 19.6pt; line-height: 115%; font-weight: bold; text-align: center">Options outstanding</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="6" style="border-bottom: black 1.5pt solid; padding-right: 11.6pt; line-height: 115%; font-weight: bold; text-align: center">Options vested and exercisable</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td></tr>
<tr style="vertical-align: bottom">
<td style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"><b>Range of exercise</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"><b>prices</b></p></td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Number of options <br />  outstanding and <br />  expected to vest <br />  (#)</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Weighted- <br />  average <br />  remaining <br />  contractual life <br />  (yrs.)</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Weighted- <br />  average <br />  exercise <br />  price ($)</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Number of <br />  options <br />  exercisable (#)</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">Weighted- <br />  average <br />  exercise price <br />  ($)</td>
<td style="padding-right: 1.6pt; line-height: 115%; font-weight: bold"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">$0 to $1.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">9</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6.38</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">0.85</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">0.85</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">$1.01 to $2.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">79</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6.55</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">1.78</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">74</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">1.76</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">$2.01 to $3.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">1,381</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">5.96</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2.65</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">1,087</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2.60</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">$3.01 to $4.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">1,764</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">8.03</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">3.50</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">1,193</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">3.52</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">$4.01 to $5.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">310</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">7.11</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">4.79</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">86</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">4.71</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">$5.01 to $6.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">3,807</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">9.23</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">5.27</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">758</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">5.14</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">$6.01 to $7.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">277</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">9.25</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6.48</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">59</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6.50</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">$7.01 to $8.00</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">70</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">9.21</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">7.75</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">13</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">7.75</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">$8.01 to $964.24</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">44</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">2.81</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">249.43</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">44</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">249.43</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">7,741</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">8.35</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">5.78</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">3,320</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6.87</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="margin: 0pt"></p>
0.001
0.001
15000
15000
0
0
0
0
0.001
0.001
15000
15000
52098
50568
52098
50568
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Cash and Cash Equivalents</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
considers all highly liquid investments with original maturities of three months or less, when purchased, to be cash equivalents.
The Company maintains cash and cash equivalents, which consist principally of money market funds with high credit quality financial
institutions. Such amounts exceed Federal Deposit Insurance Corporation insurance limits. Restricted cash represents compensating
balances required by the Company's U.S. and European banks as collateral for credit cards.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Short-term Investments</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 23pt">The Company
invests in short-term investments in high credit-quality funds in order to obtain higher yields on its cash available for investment.
Short-term investments consisted of:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="padding-right: 1.55pt; padding-left: 22.5pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">August 31, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="width: 55%; padding-right: 1.55pt; padding-left: 22.5pt; line-height: 115%">Short-term duration government fund</td>
<td style="width: 6%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="width: 2%; border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$ </td>
<td style="width: 13%; border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">22,056</td>
<td style="width: 3%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="width: 3%; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="width: 5%; padding-right: 1.6pt; line-height: 115%">$ </td>
<td style="width: 10%; padding-right: 1.6pt; line-height: 115%; text-align: right">15,307  </td>
<td style="width: 3%; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.55pt; padding-left: 22.5pt; line-height: 115%">Total short-term investments</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%">$</td>
<td style="border-top: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">15,307  </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 0.8pt; padding-left: 22.5pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Such investments
are not insured by the Federal Deposit Insurance Corporation. The Company completed an evaluation of its investments and determined
that it did not have any other-than-temporary impairments as of November 30, 2012 and August 31, 2012. The investments are placed
in financial institutions with strong credit ratings and management expects full recovery of the carrying amounts.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Functional Currency</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
consolidated functional currency is the U.S. dollar. Raptor Pharmaceuticals Europe B.V. ("BV") and RPTP European Holdings
C.V. ("CV"), the Company's European subsidiary and Cayman-based subsidiary, respectively, use the European Euro as their
functional currency. At each quarter end, BV's and CV's balance sheets are translated into U.S. dollars based upon the quarter-end
exchange rate, while their statements of comprehensive loss are translated into U.S. dollars based upon an average of the Euro's
value between the beginning and end date of the reporting period. BV's and CV's equity are adjusted for any translation gain or
loss.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Fair Value of Financial Instruments</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The carrying
amounts of certain of the Company's financial instruments including cash and cash equivalents, restricted cash, prepaid expenses,
accounts payable, accrued liabilities and capital lease liability approximate fair value due either to length of maturity or interest
rates that approximate prevailing market rates unless otherwise disclosed in these condensed consolidated financial statements.
The warrant liability is carried at fair value which is determined using the Black-Scholes option valuation model at the end of
each reporting period.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
uses a fair-value approach to value certain assets and liabilities. Fair value is the price that would be received to sell an asset
or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value
is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset
or liability. The Company uses a fair value hierarchy, which distinguishes between assumptions based on market data (observable
inputs) and an entity's own assumptions (unobservable inputs). The hierarchy consists of three levels:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 2.4pt; line-height: 115%">•</td>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 96%; padding-right: 2.4pt; line-height: 115%; text-align: justify">Level one - Quoted market prices in active markets for identical assets or liabilities;</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 2.4pt; line-height: 115%">•</td>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 96%; padding-right: 2.4pt; line-height: 115%; text-align: justify">Level two - Inputs other than level one inputs that are either directly or indirectly observable; and</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 2.4pt; line-height: 115%">•</td>
<td style="width: 1%; padding-right: 2.4pt; line-height: 115%"> </td>
<td style="width: 96%; padding-right: 2.4pt; line-height: 115%; text-align: justify">Level three - Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.</td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 23pt">Determining
which category an asset or liability falls within the hierarchy requires significant judgment. The Company evaluates its hierarchy
disclosures each quarter. Assets and liabilities measured at fair value on a recurring basis at November 30 and August 31, 2012
are summarized as follows:</p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0; text-align: center"><b>Assets</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 1</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 2</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 3</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b>November 30, 2012</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="width: 56%; padding-right: 1.6pt; line-height: 115%">Fair value of cash equivalents</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">11,597</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">11,597</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Restricted cash</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Short-term investments</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">22,056</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">33,653</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">163</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">33,816</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; font-weight: bold; text-align: center">Liabilities</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">Fair value of common stock warrants</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">16,238</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">16,238</p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: top; padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">16,238</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">16,238</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: top">
<td style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0; text-align: center"><b>Assets</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 1</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 2</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 2.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 2.6pt 0 0; text-align: center"><b>Level 3</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid">
<p style="font: 8pt/0.05pt Times New Roman, Times, Serif; margin: 0 0.05in 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.05in 0 0; text-align: center"><b>August 31, 2012</b></p></td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 0.05in; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="width: 56%; padding-right: 1.6pt; line-height: 115%">Fair value of cash equivalents</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">13,162</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">13,162</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Restricted cash</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%">Short-term investments</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">15,307</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">15,307</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">28,469</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">169</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">28,638</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top; background-color: #CCEEFF">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; font-weight: bold; text-align: center">Liabilities</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 1.6pt 0 0">Fair value of common stock warrants</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">0</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">17,266</p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0">$</p></td>
<td style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right"> </p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 0.8pt 0 0; text-align: right">17,266</p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: top; padding-right: 1.6pt; line-height: 115%">Total</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">17,266</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">17,266</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0 23pt"><b><i>Intangible Assets</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 23pt">Intangible
assets include the intellectual property and other rights relating to DR Cysteamine (currently developed as RP103 and RP104) and
to an out-license acquired in the 2009 Merger. The intangible assets related to RP103/RP104 are amortized using the straight-line
method over the estimated useful life of 20 years, which is the life of the intellectual property patents. The 20-year estimated
useful life is also based upon the typical development, approval, marketing and life cycle management timelines of pharmaceutical
drug products. The intangible assets related to the out-license will be amortized using the straight-line method over the
estimated useful life of 16 years, which is the life of the intellectual property patents.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0 22.5pt"><b><i>Goodwill</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Goodwill represents
the excess of the value of the purchase consideration over the identifiable assets acquired in the 2009 Merger. Goodwill is
reviewed annually, or when an indication of impairment exists. An impairment analysis is performed, and if necessary, a resulting
write-down in valuation is recorded.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Fixed Assets</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Fixed assets,
which mainly consist of leasehold improvements, lab equipment, computer hardware and software and capital lease equipment, are
stated at cost. Depreciation is computed using the straight-line method over the related estimated useful lives, except for leasehold
improvements and capital lease equipment, which are depreciated over the shorter of the useful life of the asset or the lease term.
Significant additions and improvements that have useful lives estimated at greater than one year are capitalized, while repairs
and maintenance are charged to expense as incurred.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 22.5pt"><b><i>Impairment of Long-Lived
Assets</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
evaluates its long-lived assets for indicators of possible impairment by comparison of the carrying amounts to future net undiscounted
cash flows expected to be generated by such assets when events or changes in circumstances indicate the carrying amount of an asset
may not be recoverable. Should an impairment exist, the impairment loss would be measured based on the excess carrying value of
the asset over the asset's fair value or discounted estimates of future cash flows.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">As of August
31, 2012, the Company determined that the capitalized acquired in-process research and development cost of $900, representing the
tezampanel and NGX 426 program acquired in its 2009 Merger, was impaired due to the Company’s decision to discontinue development
of this product candidate for thrombosis due to regulatory hurdles that would require significant expenditures which the Company
chose not to prioritize for funding.  As such, the Company expensed $900 as in-process research and development as part of
research and development expense on its consolidated statements of comprehensive loss for the year ended August 31, 2012. During
the three month period ended November 30, 2012, the Company did not identify any impairment losses.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Common Stock Warrant Liabilities</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The warrants
issued by the Company in the 2010 private placement contain a cash-out provision which may be triggered upon request by the warrant
holders if the Company is acquired or upon the occurrence of certain other fundamental transactions involving the Company. This
provision requires these warrants to be classified as liabilities and to be marked to market at each period-end commencing on August 31,
2010. The warrants issued by the Company in its December 2009 equity financing contain a conditional obligation that may require
the Company to transfer assets to repurchase the warrants upon the occurrence of potential future events. Under the Financial
Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 480, <i>Distinguishing
Liabilities from Equity</i> ("ASC 480")<i>,</i> a financial instrument that may require the issuer to settle the obligation
by transferring assets is classified as a liability. Therefore, the Company has classified the warrants as liabilities and will
mark them to fair value at each period-end. The common stock warrants are re-measured at the end of every reporting period with
the change in value reported in the Company's condensed consolidated statements of comprehensive loss. Warrants which are recorded
as liabilities that are exercised are re-measured and marked to market the day prior to exercise. Upon exercise of such warrants,
the fair value of such warrants is reclassified to equity.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Research and Development
Costs</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Research and
development costs are charged to expense as incurred. Research and development expenses include medical, clinical, regulatory and
scientists' salaries and benefits, lab collaborations, preclinical studies, clinical trials, clinical trial materials, commercial
drug manufacturing prior to obtaining marketing approval, regulatory and clinical consultants, lab supplies, lab services, lab
equipment maintenance and small equipment purchased to support the research laboratory, amortization of intangible assets and allocated
executive, human resources and facilities expenses. Research and development expenses are offset by contra-expenses, which are
reimbursements of research and development expenses received either from research collaborators or from government grants or tax
rebates.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0 22.5pt"><b><i>Income Taxes</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Income taxes
are recorded under the liability method, under which deferred tax assets and liabilities are determined based on the difference
between the financial statement and tax bases of assets and liabilities using enacted tax rates in effect for the year in which
the differences are expected to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax
assets to the amount expected to be realized.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
effective tax rate is 0% for income tax for the three month period ended November 30, 2012 and the Company expects that its effective
tax rate fiscal year ended August 31, 2012 and the short calendar year from September 1, 2012 to December 31, 2012 will be 0%.
Based on the weight of available evidence, including cumulative losses since inception and expected future losses, the Company
has determined that it is more likely than not that the deferred tax asset amount will not be realized and therefore a full valuation
allowance has been provided on the Company's net deferred tax assets.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Utilization
of the Company's net operating loss ("NOL") carryovers may be subject to substantial annual limitation due to the ownership
change rules under the Internal Revenue Code and similar state income tax law provisions including those related to the suspension
and limitation of NOL carryovers for certain tax years. Such an annual limitation could result in the expiration of the NOL carryovers
before utilization.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">On September
1, 2009, the Company adopted the provisions of ASC No. 740-10, <i>Accounting for Uncertainty in Income Taxes</i> ("ASC 740-10").
 ASC 740-10 requires entities following GAAP to identify uncertain tax positions and disclose any potential tax liability
on their financial statements using a two-step process, which includes recognition and measurement.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company's
continuing practice is to recognize interest and/or penalties related to income tax matters as a component of income tax expense.
As of November 30, 2012, there was no accrued interest and penalties related to uncertain tax positions.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">The Company
files U.S. Federal, California, Georgia and North Carolina state income tax returns and Dutch income tax returns. The Company
is currently not subject to any income tax examinations. Due to the Company's NOLs, generally all tax years remain open.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Net Loss per Share</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Net loss per
share is calculated by dividing net loss by the weighted-average shares of common stock outstanding during the period. Diluted
net income per share is calculated by dividing net income by the weighted-average shares of common stock outstanding and potential
shares of common stock during the period. For all periods presented, potentially dilutive securities are excluded from the computation
of fully diluted net loss per share as their effect is anti-dilutive. Potentially dilutive securities include:</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="width: 54%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 14%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 5%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 14%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom">
<td style="padding-right: 1.55pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 0.05in; line-height: 115%; font-weight: bold; text-align: center">November 30, 2011</td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 1.55pt; line-height: 115%">Warrants to purchase common stock</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">4,861</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%; text-align: right">6,332</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Options to purchase common stock</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">7,741</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%; text-align: right">5,683</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="padding-right: 1.55pt; line-height: 115%">Total potentially dilutive securities</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">12,602</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 1.6pt; line-height: 115%; text-align: right">12,015</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Net loss per
share, basic and diluted, was $(0.26) and $(0.25) for the three month periods ended November 30, 2012 and 2011, respectively.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Comprehensive Loss</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 9pt 0 0; text-align: justify; text-indent: 22.5pt">Components
of comprehensive loss are reported in the Company's condensed consolidated statements of comprehensive loss in the period in which
they are recognized. The components of comprehensive loss include net loss and foreign currency translation adjustments.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 13.5pt 0 0; text-indent: 22.5pt"><b><i>Stock Option Plan</i></b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 4.5pt 0 0; text-align: justify; text-indent: 22.5pt">Effective
September 1, 2006, the Company adopted the provisions of FASB ASC Topic 718, <i>Accounting for Compensation Arrangements</i>,
("ASC 718") (previously listed as Statement of Financial Accounting Standards ("SFAS") No. 123 <i>(revised
2004), Share-Based Payment)</i> in accounting for its stock option plans. Under ASC 718, compensation cost is measured at the grant
date based on the fair value of the equity instruments awarded and is recognized over the period during which an employee is required
to provide service in exchange for the award, or the requisite service period, which is usually the vesting period. The fair value
of the equity award granted is estimated on the date of the grant. The Company accounts for stock options issued to third parties,
including consultants, in accordance with the provisions of the FASB ASC Topic 505-50, <i>Equity-Based Payments to Non-Employees,</i>
("ASC 505-50") (previously listed as Emerging Issues Task Force Consensus No. 96-18, <i>Accounting for Equity Instruments
That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling Goods or Services).</i> See Note 6, Stock
Option Plans, for further discussion of employee stock-based compensation.</p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0"> </p>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>Options outstanding and expected
to vest</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>November 30,</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="6" style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>Options exercisable</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>November 30,</b></p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 1.6pt; line-height: 115%"> <b>(In millions)</b></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">2012</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">2011</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">2012</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="vertical-align: top; border-bottom: black 1.5pt solid; padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">2011</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="vertical-align: bottom; width: 56%; padding-right: 1.6pt; line-height: 115%">  Intrinsic value</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">7.0</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">7.2</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">5.2</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: top; width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">4.3</td>
<td style="vertical-align: top; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="background-color: white">
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%">  Number of options</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right">7.7</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right">5.7</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right">3.3</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%; text-align: right">2.1</td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
27733000
364000
4168000
22056000
15307000
11597
13612
11597
13162
0
0
0
0
163
169
0
0
163
169
0
0
33816
28638
33653
28469
163
169
0
0
16238
17266
0
0
0
0
16238
17266
16238
17266
0
0
0
0
16238
17266
4861
6332
7741
5683
12602
12015
0
0
240000
240000
2620000
2620000
1049000
841000
374000
746000
392000
307000
288000
149000
504000
292000
221000
94000
110000
108000
34000
115000
7741
9
79
1381
1764
310
3807
277
70
44
4861
233
433
65
8
680
3344
98
3.02
2.87
2.36
1.50
80.86
2.45
3.075
3.075
12/13/2015
5/21/2013
8/21/2014
6/11/2013
12/22/2014
8/12/2015
8/12/2015
9/26/2015
Three months ended November 30, 2011
Three months ended November 30, 2012
0.0025
0.0022
0.0034
0.003
.0102
.0068
P6Y
P5Y
1.21
.95
0
0
0
0
P2Y
P2Y3M
P2Y9M
P3Y
1.15
1.25
1.15
1.25
5.29
4.97
5.29
4.97
2600000
2900000
13600000
14400000
6125
1666
-50
7741
5.78
.85
1.78
2.65
3.5
4.79
5.27
6.48
7.75
249.43
5.87
5.36
2.53
5.78
2995
0
0
3320
3.37
3.84
1.85
3.49
P8Y4M6D
P6Y4M17D
P6Y6M19D
P5Y11M15D
P8Y11D
P7Y1M10D
P9Y2M24D
P9Y3M
P9Y2M15D
P2Y9M22D
3320
6
74
1087
1193
86
758
59
13
44
6.87
.85
1.76
2.6
3.52
4.71
5.14
6.5
7.75
249.43
8000
6000
733000
37000
36000
130045
7.0
7.2
5.2
4.3
7.7
5.7
3.3
2.1
598000
32000
9000
2900000
5900000
-200000
-200000
-100000
1000000
2600000
6700000
14400000
17700000
-800000
-1700000
0
2700000
13600000
18700000
16200000
25400000
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr style="vertical-align: bottom">
<td style="padding-right: 2.35pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 5.4pt; line-height: 115%; font-weight: bold; text-align: center">Number of <br />  shares <br />  exercisable</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="border-bottom: black 1.5pt solid; padding-right: 5.4pt; line-height: 115%; font-weight: bold; text-align: center">Exercise <br />  price</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="border-bottom: black 1.5pt solid; padding-right: 2.4pt; line-height: 115%; font-weight: bold; text-align: center">Expiration date</td></tr>
<tr style="background-color: #CCEEFF">
<td style="width: 46%; padding-right: 2.35pt; line-height: 115%">Issued in connection with Encode merger</td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 3%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 10%; padding-right: 0.8pt; line-height: 115%; text-align: right">233</td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; width: 10%; padding-right: 0.8pt; line-height: 115%; text-align: right">2.87</td>
<td style="vertical-align: bottom; width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; width: 26%; padding-right: 2.4pt; line-height: 115%; text-align: center">12/13/2015</td></tr>
<tr style="background-color: white">
<td style="padding-right: 2.35pt; line-height: 115%">Issued to placement agents in May / June 2008</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">433</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">2.36</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; line-height: 115%; text-align: center">5/21/2013</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 2.35pt; line-height: 115%">Issued to placement agents in August 2009</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">65</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">1.50</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; line-height: 115%; text-align: center">8/21/2014</td></tr>
<tr style="background-color: white">
<td style="padding-right: 2.35pt; line-height: 115%">TorreyPines warrants assumed in 2009 Merger</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">8</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">80.86</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">*</td>
<td style="vertical-align: bottom; padding-right: 2.4pt; line-height: 115%; text-align: center">6/11/2013-9/26/2015</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 2.35pt; line-height: 115%">Issued to registered direct investors in Dec. 2009</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">680</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">2.45</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; line-height: 115%; text-align: center">12/22/2014</td></tr>
<tr style="background-color: white">
<td style="padding-right: 2.35pt; line-height: 115%">Issued to private placement investors in Aug. 2010</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">3,344</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%; text-align: right">3.075</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; line-height: 115%; text-align: center">8/12/2015</td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 2.35pt; line-height: 115%">Issued to placement agent in Aug. 2010</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">98</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 1.5pt solid; padding-right: 0.8pt; line-height: 115%; text-align: right">3.075</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 2.4pt; line-height: 115%; text-align: center">8/12/2015</td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="background-color: #CCEEFF">
<td style="padding-right: 2.35pt; line-height: 115%">Total warrants outstanding</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">4,861</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%">$</td>
<td style="vertical-align: bottom; border-bottom: black 9pt double; padding-right: 0.8pt; line-height: 115%; text-align: right">3.02</td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%">*</td>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: bottom; background-color: white">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 1.6pt; line-height: 115%"> </td></tr>
</table>
<table cellspacing="0" cellpadding="0" style="width: 100%; font: 8pt Times New Roman, Times, Serif; border-collapse: collapse">
<tr>
<td style="vertical-align: bottom; padding-right: 1.6pt; line-height: 115%"> </td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="6" style="vertical-align: bottom; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>December 2009 equity financing
Series A</b></p></td>
<td style="vertical-align: bottom; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="6" style="vertical-align: top; border-bottom: black 1.5pt solid">
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b> </b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>August 2010 private placement</b></p>
<p style="font: 8pt/normal Times New Roman, Times, Serif; margin: 0 7.6pt 0 0; text-align: center"><b>Investors and placement agent</b></p></td>
<td style="vertical-align: top; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">August 31, 2012</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">November 30, 2012</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td colspan="2" style="padding-right: 2.6pt; line-height: 115%; font-weight: bold; text-align: center">August 31, 2012</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="width: 53%; padding-right: 1.6pt; line-height: 115%">Fair value ($ millions)</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">2.6</td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">2.9</td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">13.6</td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="width: 1%; padding-right: 0.8pt; line-height: 115%"> </td>
<td style="width: 8%; padding-right: 0.8pt; line-height: 115%; text-align: right">14.4</td>
<td style="width: 2%; padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%">Black-Scholes inputs:</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%">  Stock price</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">5.29</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">4.97</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">5.29</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">4.97</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%">  Exercise price</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">2.45</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">2.45</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">3.075</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%">$</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">3.075</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%">  Risk free interest rate</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0.25</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0.22</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0.34</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0.30</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%">  Volatility</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">115</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">125</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">115</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">125</td>
<td style="padding-right: 0.8pt; line-height: 115%">%</td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%">  Expected term (years)</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">2.00</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">2.25</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">2.75</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">3.00</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
<tr style="vertical-align: top">
<td style="padding-right: 1.6pt; line-height: 115%">  Dividend</td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right"> </td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td>
<td style="padding-right: 0.8pt; line-height: 115%; text-align: right">0</td>
<td style="padding-right: 0.8pt; line-height: 115%"> </td></tr>
</table>
22056
15307
22056
15307
0
0
0
0
2972000
2652000
161000
0
2.45
2.45
3.075
3.075