Commitments and Contingencies

6 Months Ended

Jun. 30, 2011

Commitments and Contingencies

7. Commitments and Contingencies

Operating Lease

The Company leases office and engineering laboratory space in Waltham, Massachusetts. The lease term extends through March 31, 2013. Base rent for the period July 2011 through March 2013 will range from $735,000 to $765,000 annually.

Future minimum lease payments under noncancelable operating leases as of June 30, 2011 are as follows:

2011 (remaining six months)	$	367,500
2012		757,500
2013		191,250
Total minimum lease payments	$	1,316,250

On April 2, 2011, $178,500 of restricted cash was released under terms of the lease for the Company’s Massachusetts headquarters building.