Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Quarterly Financial Data (Unaudited)

(17) Quarterly Financial Data (Unaudited)

The following is a summary of selected quarterly financial data for the years ended December 31, 2011 and 2010:

		Fiscal Quarter
		First			Second			Third			Fourth
2011
Revenue (a)	$	18,959,262		$	19,628,008		$	18,856,390		$	25,426,942
Gross profit	$	13,868,343		$	13,627,084		$	13,803,699		$	19,075,308
Net loss	$	(5,966,265	)	$	(5,889,039	)	$	(5,398,176	)	$	(6,114,,804	)
Basic net loss per share	$	(0.13	)	$	(0.13	)	$	(0.12	)	$	(0.13	)
Diluted net loss per share	$	(0.13	)	$	(0.13	)	$	(0.12	)	$	(0.13	)
Basic weighted average common shares
outstanding		46,261,472			46,643,349			46,779,040			46,903,896
Diluted weighted average common shares
outstanding		46,261,472			46,643,349			46,779,040			46,903,896

2010
Revenue (a)	$	17,119,656		$	20,270,709		$	18,975,832		$	26,477,550
Gross profit	$	11,998,274		$	14,416,821		$	13,750,997		$	20,182,329
Net loss	$	(5,530,066	)	$	(3,375,498	)	$	(26,416,827	)	$	(53,229	)
Basic net loss per share	$	(0.12	)	$	(0.07	)	$	(0.58	)	$	0.00
Diluted net loss per share	$	(0.12	)	$	(0.07	)	$	(0.58	)	$	0.00
Basic weighted average common shares
outstanding		44,700,033			45,554,849			45,836,621			46,084,828
Diluted weighted average common shares
outstanding		44,700,033			45,554,849			45,836,621			46,084,828

The sum of the quarterly net income (loss) per share amounts do not necessarily equal the annual amount reported, as per share amounts are computed independently for each quarter and the annual period based on the weighted average common shares outstanding in each period.

(a)Due to cash collections of previously reserved accounts receivable balances, the Company recorded a benefit of approximately $0.7 million during the year ended December 31, 2011. During the year ended December 31, 2010, the Company recorded an expense of approximately $0.7 million. These amounts are included within revenues in each respective period in the accompanying consolidated statements of operations.

(b)The Company recorded accruals of $1.5 million in the first quarter of 2011, $0.7 million during the second quarter of 2011, and an additional $5.3 million in the fourth quarter of 2011, relating to the possible resolution of the Company’s government investigations. During the third quarter of 2010, the Company recorded an expense of $16.2 million in connection with a valuation allowance on substantially all of its domestic deferred tax assets.