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Other Income and Expenses
3 Months Ended
Sep. 30, 2011
Other Income and Expenses 
Other Cost and Expense, Operating

Proceeds from litigation

On August 8, 2011, in the litigation related to the theft of ClearOne’s intellectual property, the Tenth Circuit Court of Appeals affirmed in ClearOne’s favor and against Biamp the federal district court’s award of exemplary damages based upon the finding that Biamp’s misappropriation was willful and malicious. The amount of ClearOne’s judgment against Biamp affirmed by the Tenth Circuit Court is estimated to be $3,702 not including additional amounts that have been awarded for attorney fees.  We expect to collect the judgment against Biamp from the approximately $3,701 cash bond posted by Biamp. As Biamp has discontinued all efforts to appeal or otherwise contest the ruling, and is actively faciliting ClearOne’s collection of the judgment we have recognized the amount in these financial statements. The amount receivable from Biamp is included under accounts receivable. As of the date these financial statements were issued, we have not collected the judgment.

Other Income and Other Expense, Nonoperating

Other income (expense), net

 

The details of other income (expense), net are as follows:

 

 

Three months ended

Nine months ended

 

September 30, 2011

September 30, 2010

September 30, 2011

September 30, 2010

Interest income

 

   $              6 

   $            12

   $              16 

   $              39 

Interest expense

 

                    - 

                    -

                     - 

                 (51)

Gain (loss) on disposal of property and equipment

 

                  (4)

                    -

                   (4)

               (111)

Other

 

                  (6)

                    -

                     3 

                     3 

 

   $             (4)

   $            12

   $              15 

   $          (120)