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PATENT SALE - Note 10
12 Months Ended
Mar. 31, 2013
Notes to Financial Statements  
PATENT SALE - Note 10

10. PATENT SALE

 

In June 2012, the Company entered into a patent purchase agreement and sold a family of patents to a third party for approximately $12.0 million plus a future payment of up to a maximum of $3.0 million based on future license agreements entered into by the third party purchaser. In February 2013, the third party entered into a separate license agreement with its customer; therefore, the Company earned an additional $1.0 million under the patent purchase agreement. Under the terms and conditions of the patent purchase agreement, the Company has retained certain limited rights to continue to use the patents. The patent purchase agreement contains representations and warranties customary for transactions of this type.