Accrued Contract Loss

6 Months Ended

Jun. 30, 2011

Accrued Contract Loss

Accrued Contract Loss

Note 9.  Accrued Contract Loss

Our contract loss reserves are as follows:

	June 30, 2011			December 31, 2010
Beginning balance	$	1,045,545		$	257,698
Charges for the period	—			970,836
Reductions	(105,037		)	(182,989		)
Ending balance	$	940,508		$	1,045,545

As of June 30, 2011, we have approximately $941,000 reserved for contract losses which represents our expected cost share portion of the ARPA-E contract, plus the difference between our GAAP overhead rate and the contract bid rate.  As of June 30, 2011, no other adjustments were considered necessary to our contract loss reserve.