CAPITALIZATION
The following table sets forth our consolidated capitalization
as of March 31, 2010:
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on an actual basis; and
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on an as adjusted basis to give effect to our sale of
2,000,000 shares of common stock, which excludes the
300,000 shares of common stock subject to the
underwriter’s over-allotment option, at an assumed public
offering price of $4.07 per share (which was the last reported
sale price for our common stock on May 21, 2010), after
deducting an assumed underwriting discount and estimated
offering expenses payable by us.
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The information set forth in the following table should be read
in conjunction with and is qualified in its entirety by
reference to the audited and unaudited financial statements and
notes thereto incorporated by reference in this prospectus
supplement and the accompanying prospectus.
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As of March 31,
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2010
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Actual
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As Adjusted
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Cash, cash equivalents and restricted cash
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$
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16,385
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$
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23,763
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Total debt
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21,824
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21,824
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Stockholders’ equity:
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Common stock, $.001 par value; 35,000,000 shares
authorized; 9,954,957 actual issued and 9,936,596 actual shares
outstanding; and 11,954,957 shares issued and
11,936,596 shares outstanding on an as adjusted basis
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10
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12
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Additional paid-in capital
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93,251
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100,627
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Accumulated other comprehensive income
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1,611
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1,611
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Accumulated deficit
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(67,172
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)
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(67,172
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)
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Treasury stock, at cost, 18,361 shares at March 31,
2010
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(85
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)
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(85
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)
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Total stockholder’s equity
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27,615
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34,993
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Total capitalization
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$
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119,394
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$
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126,772
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S-19
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