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Related Party Transactions
6 Months Ended
Jun. 30, 2011
Related Party Transactions  
Related Party Transactions

5. RELATED PARTY TRANSACTIONS

In November 2008, the Company purchased 1,345,444 shares of Peregrine Series D-1 Preferred shares for a total of $2.0 million, which represents less than 1% of Peregrine's shares outstanding. The terms and stock price of the purchase were the same as for the other investors who participated. Peregrine is a customer of the Company. For the three and six months ended June 30, 2011, revenue from Peregrine was $542,500 and $647,500, respectively. As of June 30, 2011 and December 31, 2010, accounts receivable from Peregrine were $315,000 and $630,000, respectively. The pricing terms and conditions of the sales to Peregrine are similar to those available to the Company's other non-related customers.