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&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"&gt;&amp;#160;As of June
30, 2013, the Company held approximately $11,608,000 in cash and cash equivalents.&amp;#160;&amp;#160;The Company&amp;#146;s cash equivalents
consist solely of bank money market funds.&amp;#160;&amp;#160;The Company maintains its cash in bank deposit accounts which, at times,
may exceed federally insured limits.&amp;#160;&amp;#160;The Company has never experienced any losses related to these balances.&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0"&gt;&lt;b&gt;&lt;i&gt;&lt;u&gt;Restricted Cash&lt;/u&gt;&lt;/i&gt;&lt;/b&gt;&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in"&gt;&amp;#160;&lt;/p&gt;

&lt;p style="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 9pt"&gt;&amp;#160;As of June 30,
2013, restricted cash consists of two $250,000 letters of credit issued in favor of one of the Company&amp;#146;s key product development
vendors and a $157,463 letter of credit issued in favor of a landlord.&amp;#160;&amp;#160;As of December 31, 2012, restricted cash consisted
of one $250,000 letter of credit issued in favor of one of the Company&amp;#146;s key product development vendors and a $157,463 letter
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