0001193125-12-340701.txt : 20120807 0001193125-12-340701.hdr.sgml : 20120807 20120807153111 ACCESSION NUMBER: 0001193125-12-340701 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20120630 FILED AS OF DATE: 20120807 DATE AS OF CHANGE: 20120807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MELA SCIENCES, INC. /NY CENTRAL INDEX KEY: 0001051514 STANDARD INDUSTRIAL CLASSIFICATION: SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841] IRS NUMBER: 133986004 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-51481 FILM NUMBER: 121013072 BUSINESS ADDRESS: STREET 1: 50 SOUTH BUCKHOUT STREET STREET 2: SUITE 1 CITY: IRVINGTON STATE: NY ZIP: 10533 BUSINESS PHONE: 914-591-3783 MAIL ADDRESS: STREET 1: 50 SOUTH BUCKHOUT STREET STREET 2: SUITE 1 CITY: IRVINGTON STATE: NY ZIP: 10533 FORMER COMPANY: FORMER CONFORMED NAME: ELECTRO OPTICAL SCIENCES INC /NY DATE OF NAME CHANGE: 19971216 10-Q 1 d366040d10q.htm FORM 10-Q Form 10-Q
Table of Contents

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 10-Q

 

 

 

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2012

 

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from              to             

Commission file number 000 — 51481

 

 

MELA SCIENCES, INC.

(Exact name of Registrant as specified in its charter)

 

 

 

Delaware   13-3986004

(State or Other Jurisdiction of

Incorporation or Organization)

 

(I.R.S. Employer

Identification No.)

50 South Buckhout Street, Suite 1

Irvington, New York

  10533
(Address of Principal Executive offices)   (Zip Code)

Registrant’s Telephone Number, including area code:

(914) 591-3783

 

(Former name if changed since last report)

 

 

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “accelerated filer” “large accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

 

Large accelerated filer   ¨    Accelerated filer   x
Non-accelerated filer   ¨    Smaller reporting company   ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

As of July 31, 2012, 30,519,319 shares of the Registrant’s common stock were outstanding.

 

 

 


Table of Contents

MELA Sciences, Inc.

Table of Contents

 

     Page  

PART I. FINANCIAL INFORMATION

  

ITEM 1. Financial Statements

  

Condensed Balance Sheets as of June 30, 2012 (unaudited) and December 31, 2011

     2   

Condensed Statements of Operations (unaudited) for the three and six month periods ended June  30, 2012 and 2011

     3   

Condensed Statements of Cash Flows (unaudited) for the six month periods ended June 30, 2012 and 2011

     4   

Notes to Condensed Financial Statements (unaudited)

     5   

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

     14   

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk

     22   

ITEM 4. Controls and Procedures

     23   

PART II. OTHER INFORMATION

  

ITEM 1. Legal Proceedings

     23   

ITEM 1A. Risk Factors

     24   

ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds

     25   

ITEM 3. Defaults Upon Senior Securities

     25   

ITEM 4. Mine Safety Disclosures

     25   

ITEM 5. Other Information

     25   

ITEM 6. Exhibits

     26   

SIGNATURES

     27   

EXHIBIT INDEX

     28   

 

1


Table of Contents

MELA SCIENCES, INC.

CONDENSED BALANCE SHEETS

 

     June 30,
2012
    December 31,
2011
 
     (unaudited)     *  
ASSETS     

Current Assets:

    

Cash and cash equivalents

   $ 17,211,098      $ 27,996,871   

Accounts receivable

     68,360        —     

Inventory

     473,454        —     

Prepaid expenses and other current assets

     664,463        1,061,550   
  

 

 

   

 

 

 

Total Current Assets

     18,417,375        29,058,421   

Property and equipment, net

     3,214,932        1,626,791   

Patents and trademarks, net

     53,258        59,208   

Deferred financing costs

     —          62,391   

Deferred public offering cost

     144,199        —     

Other assets

     71,235        586,498   
  

 

 

   

 

 

 

Total Assets

   $ 21,900,999      $ 31,393,309   
  

 

 

   

 

 

 
LIABILITIES AND STOCKHOLDERS’ EQUITY     

Current Liabilities:

    

Accounts payable (includes related parties of $50,000 and $36,027- as of June 30, 2012 and December 31, 2011, respectively)

   $ 1,328,742      $ 670,950   

Accrued expenses

     976,775        745,754   

Deferred revenue (ST)

     47,334        —     

Other current liabilities

     43,270        30,993   
  

 

 

   

 

 

 

Total Current Liabilities

     2,396,121        1,447,697   
  

 

 

   

 

 

 

Long Term Liabilities:

    

Deferred rent

     140,994        138,216   

Deferred revenue (LT)

     40,640        —     
  

 

 

   

 

 

 

Total Long Term Liabilities

     181,634        138,216   
  

 

 

   

 

 

 

Total Liabilities

     2,577,755        1,585,913   
  

 

 

   

 

 

 

COMMITMENTS, CONTINGENCIES and LITIGATION (Note 8)

    

Stockholders’ Equity

    

Preferred stock — $.10 par value; authorized 10,000,000 shares; issued and outstanding: none

    

Common stock — $.001 par value; authorized 45,000,000 shares; issued and outstanding 30,332,217 shares at June 30, 2012 and 30,307,538 at December 31, 2011

     30,332        30,308   

Additional paid-in capital

     150,057,460        149,304,424   

Accumulated deficit

     (130,764,548     (119,527,336
  

 

 

   

 

 

 

Stockholders’ Equity

     19,323,244        29,807,396   
  

 

 

   

 

 

 

Total Liabilities and Stockholders’ Equity

   $ 21,900,999      $ 31,393,309   
  

 

 

   

 

 

 

 

* Derived from the audited balance sheet as of December 31, 2011

See accompanying notes to the financial statements

 

2


Table of Contents

MELA SCIENCES, INC.

CONDENSED STATEMENTS OF OPERATIONS

(unaudited)

 

     Three months ended June 30,     Six months ended June 30,  
     2012     2011     2012     2011  

Revenue

   $ 75,757      $ —        $ 87,007      $ —     

Cost of revenue

     372,048        —          502,458        —     
  

 

 

   

 

 

   

 

 

   

 

 

 

Gross profit

     (296,291     —          (415,451     —     

Operating expenses:

        

Research and development

     1,673,338        2,620,554        4,108,096        5,196,682   

General and administrative

     3,528,575        2,208,059        6,746,066        4,601,179   
  

 

 

   

 

 

   

 

 

   

 

 

 

Operating loss

     (5,498,204     (4,828,613     (11,269,613     (9,797,861

Interest income

     9,021        13,934        22,405        34,465   

Other income

     4,996        5,022        9,996        11,670   
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss:

   $ (5,484,187   $ (4,809,657   $ (11,237,212   $ (9,751,726
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted net loss per common share

   $ (0.18   $ (0.19   $ (0.37   $ (0.39
  

 

 

   

 

 

   

 

 

   

 

 

 

Basic and diluted weighted average number of common shares outstanding

     30,332,217        25,262,538        30,323,061        25,262,538   
  

 

 

   

 

 

   

 

 

   

 

 

 

See accompanying notes to the financial statements

 

3


Table of Contents

MELA SCIENCES, INC.

CONDENSED STATEMENTS OF CASH FLOWS

(unaudited)

 

     Six Months Ended June 30,  
     2012     2011  

Cash flows from operating activities:

    

Net loss

   $ (11,237,212   $ (9,751,726

Adjustments to reconcile net loss to net cash used in operating activities:

    

Depreciation and amortization

     330,395        283,785   

Noncash compensation

     774,493        734,222   

Write off of unamortized financing costs

     62,391        —     

Changes in operating assets and liabilities:

    

Increase in accounts receivable

     (68,360     —     

Increase in inventory

     (383,181     —     

Decrease (increase) in prepaid expenses and other current assets

     306,814        (410,357

Increase (decrease) in accounts payable and accrued expenses

     888,813        (419,525

Increase in deferred rent

     2,778        16,956   

Increase in other assets

     (6,751     —     

Increase in deferred revenue

     87,974        —     

Increase (decrease) in other current liabilities

     12,277        (647
  

 

 

   

 

 

 

Net cash used in operating activities

     (9,229,569     (9,547,292
  

 

 

   

 

 

 

Cash flows from investing activities:

    

Purchases of property and equipment

     (1,390,572     (30,811
  

 

 

   

 

 

 

Net cash used in investing activities

     (1,390,572     (30,811
  

 

 

   

 

 

 

Cash flows from financing activities:

    

Proceeds from exercise of stock options

     33,310        —     

Expenses related to Public Offerings

     (198,942 )     —     
  

 

 

   

 

 

 

Net cash used in financing activities

     (165,632     —     
  

 

 

   

 

 

 

Net decrease in cash and cash equivalents

     (10,785,773     (9,578,103

Cash and cash equivalents at beginning of period

     27,996,871        30,520,812   
  

 

 

   

 

 

 

Cash and cash equivalents at end of period

   $ 17,211,098      $ 20,942,709   
  

 

 

   

 

 

 

Supplemental disclosure of cash flow information:

    

Non-cash investing activity:

    

Re-classification of MelaFind® components from other assets to property and equipment

   $ 522,014      $ —     

See accompanying notes to the financial statements

 

4


Table of Contents

MELA SCIENCES, INC.

NOTES TO CONDENSED FINANCIAL STATEMENTS

(In thousands, except for share and per share data)

(unaudited)

1. ORGANIZATION AND BASIS OF PRESENTATION

MELA Sciences, Inc., a Delaware corporation (the “Company”), is a medical device company focused on the commercialization of our flagship product, MelaFind®, and the further design and development of MelaFind® and our technology. MelaFind® is a non-invasive, point-of-care (in the doctor’s office) instrument to aid in the detection of melanoma. MelaFind® features a hand-held component that emits light of multiple wavelengths to capture digital data from clinically atypical pigmented skin lesions. The data are then analyzed utilizing sophisticated classification algorithms, ‘trained’ on our proprietary database of melanomas and benign lesions, to provide information to assist in the management of the patient’s disease, including information useful in the decision of whether to biopsy the lesion.

The Company received the Food and Drug Administration’s (“FDA”) approval of the Pre-Market Approval (“PMA”) application for Melafind® in November 2011 and in September 2011 the Company received Conformite Europeenne (“CE”) Mark approval for MelaFind®. The Company initiated a controlled launch of MelaFind® in selected U.S. and German markets in March 2012. Prior to March of 2012 the Company had not generated any revenues from MelaFind®.

During the second quarter of 2012, the Company continued the MelaFind® controlled launch with additional installations of MelaFind® systems in both the U.S. and Germany. In the U.S., MelaFind® systems were placed principally in the Northeast with additional installations in certain Southeastern, Southwestern and Middle-Atlantic states.

The Company anticipates that it will continue to incur net losses for the foreseeable future in the commercialization of the Melafind® device, the conduct of a Post Approval Study (“PAS”) evaluating the sensitivity of physicians in diagnosing melanomas and high-grade lesions and the false positive rate after using MelaFind®, the further development of Melafind® and the Company’s technology and the expansion of its corporate infrastructure. From inception, the Company has financed operations initially through the sale of convertible preferred stock prior to becoming a public company in 2005 and subsequently through the sale of common stock

On June 15, 2012, the Company entered into a sales agreement (the “Sales Agreement”) with Cowen and Company, LLC (“Cowen”) to sell shares of its common stock with aggregate gross proceeds of up to $20,000,000, from time to time, through an “at-the-market” equity offering program (“ATM Program”) under which Cowen will act as sales agent. There were no shares of the Company’s common stock sold through the ATM Program as of June 30, 2012.

The Company faces certain risks and uncertainties which are present in many emerging medical device companies regarding future profitability, ability to obtain future capital, protection of patents and intellectual property rights, competition, rapid technological change, government regulations, changing health care marketplace, recruiting and retaining key personnel, and reliance on third party manufacturing organizations.

As of June 30, 2012, the Company’s total of cash and cash equivalents was approximately $17.2 million. Management believes that this cash balance along with anticipated revenues and the utilization of the Company’s ATM Program will be sufficient to fund the Company’s anticipated level of operations for at least the next twelve months. However, the Company will need substantial funds to broaden the commercial expansion of MelaFind®, including further development of a direct sales force and expansion of the Company’s contract manufacturing capacity.

 

5


Table of Contents

The net proceeds anticipated from the ATM Program are intended to be used to continue the commercial launch of MelaFind® in the U.S. and the European Union, for continued research & development activities and for general corporate purposes, including working capital. There can be no assurances that the Company will be able to obtain additional financing in the future. Additional funds may not become available on acceptable terms, and there can be no assurance that any additional funding that the Company does obtain will be sufficient to meet the Company’s needs in the long term. In the event that the Company is unable to raise additional funds, the Company has the ability and intent to reduce certain discretionary expenditures.

The unaudited condensed financial statements included herein have been prepared from the books and records of the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q. The information and note disclosures normally included in complete financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

The Company’s management is responsible for the financial statements included in this document. The Company’s interim financial statements are unaudited. Interim results may not be indicative of the results that may be expected for the year. However, the Company believes all adjustments considered necessary for a fair presentation of these interim financial statements have been included and are of a normal and recurring nature.

2. REVENUE RECOGNITION

The Company considers revenue to be earned when all of the following criteria are met: persuasive evidence a sales arrangement exists; delivery has occurred or services have been rendered; the price is fixed or determinable; and collectability is reasonably assured. The Company’s agreements with dermatologists regarding the MelaFind® system combines the elements noted above with a future service obligation. While the Company is required to place the MelaFind® system with dermatologists for their exclusive use, ownership of the MelaFind® system remains with the Company.

In the U.S., the Company generates revenue primarily from the sale of single-use electronic patient record cards. These cards activate the MelaFind® system, capture data and store the data for each patient visit. Additionally, the Company typically charges an initial installation fee for each MelaFind® system which covers training, delivery, supplies, maintenance and the right to use MelaFind®. In accordance with the accounting guidance regarding multiple-element arrangements, the Company defers revenue for the undelivered service element based upon the relative standalone selling prices, and recognizes the associated revenue over the related service period, generally expected to be two years.

In Germany, the typical contract with dermatologists calls for a fixed monthly fee and a per patient usage charge. Revenue generated from German contracts is recognized when earned.

3. INVENTORIES

 

Inventories are stated at the lower of cost (first-in, first-out) or market value. Inventory costs only include material purchases as the Company does not manufacture its products.

4. USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the use of estimates and assumptions by management that affect reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to stock-based compensation arrangements and accrued expenses. Actual results could differ from these estimates.

 

6


Table of Contents

5. RECENT ACCOUNTING PRONOUNCEMENTS

 

In June, 2011, the FASB issued Accounting Standard Update No 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05). Under ASU 2011-05, an entity has the option to present the total of comprehensive income either in a single continuous statement of comprehensive income or in two separate but continuous statements of income and comprehensive income. The option of presentation of the components of other comprehensive income as part of the statement of change in the stockholders’ equity has been eliminated. This update was applied retrospectively and was effective for the Company for the fiscal year beginning January 1, 2012. For the periods ended June 30, 2011 and June 30, 2012, comprehensive loss was equal to net loss as the Company had no other comprehensive income or loss to report in either period.

6. NET LOSS PER COMMON SHARE

Basic net loss per common share excludes dilution for potentially dilutive securities and is computed by dividing loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share gives effect to dilutive options, warrants and other potential common shares outstanding during the period. Diluted net loss per common share is equal to the basic net loss per common share since all potentially dilutive securities are anti-dilutive for each of the periods presented. Potential common stock equivalents excluded consist of stock options and warrants which are summarized as follows:

 

     June 30,  
     2012      2011  

Common stock options

     2,195,306         2,107,429   

Warrants

     546,781         546,781   
  

 

 

    

 

 

 

Total

     2,742,087         2,654,210   
  

 

 

    

 

 

 

7. STOCK-BASED COMPENSATION

The Company has one stock-based compensation plan, the 2005 Stock Incentive Plan (“2005 Plan”), under which the Board of Directors may currently grant incentives to employees, consultants, directors, officers and collaborating scientists in the form of incentive stock options, nonqualified stock options and restricted stock awards. The Company also has one other stock-based compensation plan pursuant to which stock options are outstanding but no new grants may be made.

Stock awards under the Company’s stock option plans have been granted at prices which are no less than the market value of the stock on the date of the grant. Options granted under the 2005 Plan are generally time-based or performance-based, and vesting varies accordingly. Options under this plan expire in up to a maximum of ten years from the date of grant.

The compensation expense recognized in the Statement of Operations in the second quarter of 2012 and 2011 for stock options amounted to $426 (of which $199 relates to performance milestones) and $564 (of which $13 relates to performance milestones), respectively. For the six months ended June 2012 and 2011, compensation expense for stock options amounted to $774 (of which $345 relates to performance milestones) and $734 (of which $28 relates to performance milestones), respectively. No cash was received from options and warrants exercised under all share-based payment arrangements for the three month periods ended June 30, 2012 and 2011, respectively, and for the six month periods ended June 30, 2012 and 2011 cash received was $33 and $0, respectively.

 

7


Table of Contents

 

The fair value of each option award granted is estimated on the date of grant using the Black-Scholes option valuation model and assumptions as noted in the following table:

 

     For the Six Months
Ended  June 30, 2012
  For the Six Months
Ended  June 30, 2011

Expected life

   6.5 years   6.5 years

Expected volatility

   73.55-79.68%   70.54-76.32%%

Risk-free interest rate

   0.93-1.60%   2.47-3.34%

Dividend yield

   0%   0%

The expected life of the options is based on the expected time to full-vesting, forfeiture and exercise. The expected volatility assumptions were determined based upon the historical volatility of the Company’s daily closing stock price. The risk-free interest rate is based on the continuous rates provided by the U.S. Treasury with a term equal to the expected life of the option. The expected dividend yield is zero as the Company has never paid dividends and does not currently anticipate paying any in the foreseeable future.

At June 30, 2012, stock options to purchase 2,195,306 shares of common stock at exercise prices ranging from $1.00 to $11.11 per share are outstanding and exercisable at various dates through 2022.

During the three months and six months ended June 30, 2012, the weighted average fair value of options granted, estimated as of the grant date using the Black-Scholes option valuation model, was $2.71 and $2.68, respectively. For the three month and six month periods ended June 30, 2011, the weighted average fair value of options granted was $2.18 and $2.20, respectively. There were no options exercised in the three month period ended June 30, 2012. For the six months ended June 30, 2012 the total intrinsic value of options exercised was $74. For the three month and six month periods ended June 30, 2011 no options were exercised.

 

The status of the Company’s stock option plans at June 30, 2012 is summarized in the following:

 

     Number of
Shares
    Weighted
Average
Exercise
Price per
Share
     Weighted
Average
Remaining
Contractual
Term in
Years
     Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2011

     2,057,104      $ 4.35         6.6      

Granted

     350,563        3.93         —        

Exercised

     (53,123     —           —        

Forfeited or expired

     (159,238     6.12         —        
  

 

 

         

Outstanding at June 30, 2012

     2,195,306      $ 4.18         7.0       $ 211   
  

 

 

         

Vested and exercisable at June 30, 2012

     1,562,681      $ 4.01         6.4       $ 149   

 

      Number
Outstanding
     Options  Outstanding
Weighted-

Average
Remaining
Contractual

Life
   Weighted
Average
Exercise
Price
     Options Exercisable  

Range of Exercise Prices

            Number
Exercisable
     Weighted-
Average

Exercise
Price
 

$.01-$1.00

     43,329       0.6 years    $ 1.00         43,329       $ 1.00   

$1.01-$4.50

     1,696,502       7.4 years    $ 3.58         1,346,152       $ 3.63   

$4.51-$11.11

     455,475       6.2 years    $ 6.70         173,200       $ 7.73   
  

 

 

          

 

 

    

$.01-$11.11

     2,195,306       7.0 years    $ 4.18         1,562,681       $ 4.01   
  

 

 

          

 

 

    

As of June 30, 2012, of the total 2,195,306 options outstanding, 632,625 have not vested. Of this total unvested amount, 235,425 options will vest upon the attainment of certain milestones, and the balance will vest over the requisite service period. The weighted average vesting period for the non-milestone, non-vested awards not yet recognized is 1.9 years.

 

8


Table of Contents

As of June 30, 2012, of the $986 of total unrecognized compensation cost related to unvested options to be recognized, $433 is to be recognized over a period to be determined by performance-based milestones, and $553 is to be recognized over the requisite service period through 2016.

As of June 30, 2012, there were 1,462,639 shares available for future grants under the Company’s 2005 Plan.

8. COMMITMENTS, CONTINGENCIES and LITIGATION

The Company is obligated under a non-cancelable operating lease for office, lab, and manufacturing space expiring December 2016. The lease is subject to escalations for increases in operating expenses. The approximate aggregate minimum future payments due under this lease are as follows:

 

Year ended December 31,       

2012 Remaining six months

   $ 216   

2013

     461   

2014

     478   

2015

     478   

2016

     478   
  

 

 

 
   $ 2,111   
  

 

 

 

Rental payments are recognized as rent expense on a straight-line basis over the term of the lease. In April 2012, the Company entered into an agreement, effective May 1, 2012, which amended the existing lease for laboratory, assembly and office space which runs through December 2016. This amendment increases the previously leased space by 1,700 square feet at an annual rental of $22.

ASKION GmbH (“ASKION”), located in Gera Germany, which specializes in precision optics, is an integral member of the MelaFind® manufacturing and development team. ASKION produced the MelaFind® hand-held devices used in our pivotal clinical trials. In January of 2012, the Company entered into an expanded manufacturing agreement with ASKION to continue developmental engineering, production and testing of our hand-held device, and to assemble and test the integrated finished MelaFind® system to be placed within the European Union.

The Company, primarily through ASKION, engages Carl Zeiss Jena GmbH (“Zeiss”) to build the lenses and assemblies, as well as provide certain technical consulting, for the MelaFind® units that had been used in the Company’s clinical trials and the commercial units currently being manufactured. This work is expected to continue on commercial MelaFind® units beyond 2012.

In addition, we are utilizing Nexcore Technology Inc., an FDA GMP compliant and ISO 9001 certified and ISO 13485 original equipment manufacturer of medical devices in New Jersey, to provide the assembled and tested MelaFind® systems for installation in the U.S.

The Company has an employment agreement with its President and Chief Executive Officer, Dr. Gulfo, which provides for an annual base salary, stock options and discretionary performance bonuses. The agreement, which provides for automatic one-year renewal terms, currently runs through the end of 2012.

 

9


Table of Contents

On November 19, 2010, a purported securities class action complaint was filed in the U.S. District Court for the Southern District of New York, naming as defendants the Company and certain of its officers and directors, entitled Randall J. Pederson, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 7:10-cv-08774-JFM. Two similar complaints were also filed, one on December 2, 2010 and the other on January 20, 2011, in the same District Court, entitled Amy Steigman, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 7:10-cv-09024-JFM; and Martin Slove and Linda Slove, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 1:11 cv-00429-JFM. These three securities class actions were consolidated into one action on February 15, 2011, entitled In re MELA Sciences, Inc. Securities Litigation, No. 10-Civ-8774-JFM (“securities class action”).

The securities class action plaintiffs assert violations of the Securities Exchange Act of 1934, alleging, among other things, that defendants made misstatements and omissions regarding the Company’s product, MelaFind®, and its prospects for FDA approval, on behalf of stockholders who purchased the Company’s common stock during the period from February 13, 2009 through November 16, 2010, and seek unspecified damages. On May 2, 2011, the securities class action plaintiffs filed their amended consolidated complaint, alleging similar claims to their prior complaints. On July 29, 2011, defendants filed a motion to dismiss the consolidated amended complaint in its entirety. Plaintiff’s opposition to the motion to dismiss was filed on September 23, 2011. In light of the Company’s receipt of the Approvable Letter from the FDA for the MelaFind® PMA Application on September 22, 2011, the parties filed a stipulation on October 19, 2011 in which plaintiff stated its intention to file a motion seeking leave to amend its complaint. Defendants withdrew the outstanding motion to dismiss the current Amended Complaint without prejudice to renew it at a later date. On November 18, 2011, plaintiffs filed their motion for leave to amend the consolidated amended complaint. On December 18, 2011, defendants filed an opposition to plaintiff’s motion for leave to amend the consolidated amended complaint. On February 8, 2012, plaintiffs filed their reply to defendants’ opposition to the motion. On March 16, 2012, plaintiffs filed a revised proposed second amended complaint. On March 30, 2012, defendants filed a surreply in further opposition to the motion. On April 16, 2012, plaintiffs filed a surreply in further support of the motion.

The Company believes that it has meritorious defenses and intends to vigorously defend against the securities class action; however, as with any litigation, we cannot predict with any degree of certainty the eventual outcome of this litigation. An adverse outcome could have a material adverse effect on our business and our business could be materially harmed.

From time to time, we may be a party to certain legal proceedings, incidental to the normal course of our business. These may include controversies relating to contract claims and employment related matters, some of which claims may be material in which case we will make separate disclosure as required.

9. STOCKHOLDERS’ EQUITY

In May 2009, the Company entered into a committed equity financing facility (“CEFF”) with Kingsbridge Capital Limited, pursuant to which Kingsbridge committed to purchase from time to time at the Company’s sole discretion, up to the lesser of $45 million or 3,327,000 shares of the Company’s common stock, prior to May 25, 2012. In connection with this CEFF, the Company issued a 5 year warrant, exercisable as of November 7, 2009, to Kingsbridge to purchase up to 200,000 shares of the Company’s common stock at an exercise price of $11.35 per share.

The CEFF terminated in May 2012 with 1,095,315 shares of common stock remaining unsold. Legal, accounting, and other costs associated with this agreement approximating $62 have been charged to operations in the quarter ended June 30, 2012 as the CEFF expired. The 200,000 warrants held by Kingsbridge remain outstanding and, if not exercised, will expire in May 2014.

 

10


Table of Contents

In May 2010, the Company filed a Form S-3 shelf registration statement for an indeterminate number of shares of common stock, warrants to purchase shares of common stock and units consisting of a combination thereof having an aggregate initial offering price not to exceed $75 million. The registration statement was declared effective by the SEC on June 1, 2010. On June 30, 2010, the Company entered into an underwriting agreement, relating to the public offering of 2,200,000 shares of the Company’s common stock, at a price to the public of $7.50 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on June 30, 2010, in connection with a takedown from the Company’s effective shelf registration statement.

On December 15, 2011, the Company entered into an underwriting agreement, relating to the public offering of 5,000,000 shares of the Company’s common stock, at a price to the public of $3.25 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on December 16, 2011, in connection with a takedown from the Company’s effective shelf registration statement. The gross proceeds to the Company from the sale of the common stock totaled approximately $16.3 million. After deducting the underwriters’ discounts and commissions and other offering expenses payable by the Company, net proceeds were approximately $15 million. This offering closed on December 21, 2011. Approximately $42.2 million remained available under the Company’s 2010 shelf registration at December 31, 2011.

On June 15, 2012 the Company entered into a sales agreement with Cowen and Company, LLC to sell shares of its common stock with aggregate gross proceeds of up to $20 million, from time to time, through an ATM Program. The common stock was offered and will be sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on June 15, 2012, in connection with a takedown from the Company’s effective shelf registration statement, leaving $22.2 million available under the shelf registration. There were no shares of Company common stock sold through this ATM Program as of June 30, 2012. During July 2012, there were 187,102 shares of Company common stock sold through the ATM for gross proceeds of approximately $0.7 million.

As of June 30, 2012, the Company had 45,000,000 shares of $0.001 par value common stock authorized and 30,332,217 shares issued and outstanding; and had 10,000,000 shares of $0.10 par value preferred stock authorized with no preferred shares issued and outstanding.

10. WARRANTS

 

     Issued      Issued         
     2007      2009      Total  

Outstanding at December 31, 2011

     346,781         200,000         546,781   
  

 

 

    

 

 

    

 

 

 

Outstanding at June 30, 2012

     346,781         200,000         546,781   
  

 

 

    

 

 

    

 

 

 

In connection with the Company’s private placement in August 2007, the Company issued 5-year warrants to purchase up to 500,041 shares of the Company’s common stock. At June 30, 2012, 346,781 of the 2007 warrants were outstanding and exercisable at a price of $8.00 per share. At August 3, 2012, 60 months from their effective date, all 346,781 of the outstanding 2007 warrants expired.

In addition, in connection with the May 7, 2009 CEFF with Kingsbridge Capital, the Company issued a 5-year warrant to Kingsbridge to purchase up to 200,000 shares of the Company’s common stock at an exercise price of $11.35 per share. These 200,000 warrants are outstanding at June 30, 2012 and, if not exercised, will expire in May of 2014.

No warrants were exercised during the three and six month periods ended June 30, 2012 and June 30, 2011, respectively.

 

11


Table of Contents

11. RELATED PARTY CONSULTING AGREEMENTS

The Company has in place the following consulting agreements with related parties:

Consulting Agreement with Breaux Castleman

In June 2003, the Company entered into a consulting agreement with Breaux Castleman, a former member and the former Chairman of the Company’s Board of Directors, for consulting services related to the FDA approval of MelaFind® PMA application and the Company’s business and financial strategy. Under this agreement, Mr. Castleman received compensation for each month of services rendered. The Company made payments pursuant to this consulting agreement of $6 and $12 in the three and six month periods ended June 30, 2011. This consulting agreement was terminated in December 2011 at the time of Mr. Castleman’s resignation from the Company’s Board of Directors.

Consulting Agreement with Gerald Wagner, Ph.D

In January 2007, Dr. Wagner, Ph.D., a former member of the Company’s Board of Directors, entered into an amended and restated consulting contract with the Company for consulting services related to the Company’s operations. Under the terms of the amended contract, Dr. Wagner is paid a monthly retainer of $2.5 and will be paid $2.5 for each additional consulting day. This amended agreement may terminate at the option of Dr. Wagner or the Company at any time, by providing fifteen days’ prior written notice, or immediately upon the mutual agreement of the Company and Dr. Wagner. The Company paid consulting costs pursuant to this agreement of $7.5 and $15 in the three and six month periods ended June 30, 2012 and June 30, 2011, respectively. Dr. Wagner resigned from the Company’s Board of Directors in December 2011, with his consulting contract remaining in effect.

Consulting Agreement with Anne Egger

In March 2009, the Company entered into a consulting agreement with Anne Egger for certain consulting services primarily focusing on physician advocacy. The agreement was for an initial term of three months, and has subsequently been extended to run through September 2012, and may be terminated by either party with 30 days’ notice. Under the terms of the agreement, Ms. Egger is entitled to receive a consulting fee of $1.6 per day. The Company did not pay any amount to Ms. Egger for consulting in the three and six month periods ended June 30, 2012 and June 30, 2011, respectively. Ms. Egger was appointed to the Company’s Board of Directors in June 2009.

12. OTHER INCOME

During April 2005, the Company discontinued all operations associated with its DIFOTI® product in order to focus its resources and attention on the development and commercialization of MelaFind®. During December 2006, the Company entered into a sale and exclusive licensing agreement with KaVo Dental GmbH (“KaVo”), a leading dental equipment manufacturer, which provides for KaVo to further develop and commercialize DIFOTI®. Beginning in July 2008, KaVo is required to pay to the Company a royalty stream based upon the worldwide aggregate net sales of the licensed product, as defined in the license agreement, or a set minimum. During the three and six months ended June 30, 2012 and June 30, 2011, respectively, the Company earned $5 and $10 as the pro-rated portion of the minimum royalty as KaVo has not re-launched the product as of June 30, 2012.

13. SUBSEQUENT EVENTS

During July 2012, 187,102 shares of Company common stock, for gross proceeds of approximately $0.7 million, were sold through the Company’s ATM Program. Approximately $19.3 million remains available under the ATM Program as of July 31, 2012. The Company had 30,519,319 shares of common stock issued and outstanding as of July 31, 2012.

 

12


Table of Contents

In connection with the Company’s private placement in August 2007, the Company issued 5-year warrants to purchase up to 500,041 shares of the Company’s common stock. At June 30, 2012, there were 346,781 of the 2007 warrants outstanding and exercisable at a price of $8.00 per share. On August 3, 2012, 5 years after their effective date, all 346,781 of the 2007 outstanding warrants expired.

 

13


Table of Contents
ITEM 2.

MELA SCIENCES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS

OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

This management’s discussion and analysis of financial condition and results of operations is intended to provide information to help you better understand and evaluate our financial condition and results of operations. We recommend that you read this section in conjunction with our unaudited condensed financial statements and accompanying notes included under Part I, Item 1 of this Quarterly Report and our financial statements and accompanying notes in our Annual Report on Form 10-K for the year ended December 31, 2011 (“Form 10-K”).

This quarterly report on Form 10-Q, including the following discussion and analysis of financial condition and results of operations, contains forward-looking statements that you should read in conjunction with the financial statements and notes to financial statements that we have included elsewhere in this report. These statements are based on our current expectations, assumptions, estimates and projections about our business and our industry, and involve known and unknown risks, uncertainties, and other factors that may cause our or our industry’s results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied in, or contemplated by, the forward-looking statements. Words such as “believe”, “anticipate,” “expect,” “intend,” “plan,” “will,” “may,” “should,” “estimate,” “predict,” “potential,” “continue,” or the negative of such terms or other similar expressions, identify forward-looking statements. Our actual results and the timing of events may differ significantly from the results discussed in the forward-looking statements, and you should not place undue reliance on these statements. Factors that might cause such a difference include whether MelaFind® achieves market acceptance, as well as those discussed below under the heading “Risk Factors” in our Form 10-K and elsewhere in this quarterly report on Form 10-Q. We disclaim any intent or obligation to update any forward-looking statements as a result of developments occurring after the period covered by this report or otherwise.

Overview

We are a medical device company focused on the commercialization of our flagship product, MelaFind®, and the further design and development of MelaFind® and our technology. MelaFind® is a non-invasive, point-of-care (in the doctor’s office) instrument to aid in the detection of melanoma. MelaFind® features a hand-held component that emits light of multiple wavelengths to capture digital data from clinically atypical pigmented skin lesions. The data are then analyzed utilizing sophisticated classification algorithms, ‘trained’ on our proprietary database of melanomas and benign lesions, to provide information to assist in the management of the patient’s disease, including information useful in the decision of whether to biopsy the lesion.

We commenced operations in December 1989 as a New York corporation, re-incorporated as a Delaware corporation in September 1997, and changed our name from Electro-Optical Sciences, Inc. to MELA Sciences, Inc. on April 30, 2010. Since our inception, we have generated significant losses. As of June 30, 2012, we had an accumulated deficit of approximately $130.8 million. We expect to continue to spend significant amounts on the commercialization and further development of MelaFind® and the development of our technology.

The Company received the Food and Drug Administration’s (“FDA”) approval of the Pre-Market Approval (“PMA”) application for Melafind® in November 2011 and in September 2011 the Company received Conformite Europeenne (“CE”) Mark approval for MelaFind®.

 

14


Table of Contents

In the first quarter of 2012, the Company supported MelaFind® pre-launch studies conducted by selected dermatologists in the U.S. and Germany. Enhancements to the MelaFind® system were effected based on information gathered in these pre-launch studies. The Company initiated a controlled launch of MelaFind® in selected U.S. and German markets in March 2012. Prior to March of 2012 the Company had not generated any revenues from MelaFind®.

During the second quarter of 2012, the Company continued the MelaFind® controlled launch with additional installations of MelaFind® systems in both the U.S. and Germany. Additions were made to the direct sales force and field technical support capabilities of the Company commensurate with these additional installations and an increasing demand for MelaFind®. Also during the quarter, the production levels of our contract manufacturers were ramped up to address the increasing demand for MelaFind® systems. In the U.S., MelaFind® systems were placed principally in the Northeast with additional installations in certain Southeastern, Southwestern and Middle-Atlantic states.

The Company anticipates that it will continue to incur net losses for the foreseeable future in the commercialization of the Melafind® device, the conduct of a Post Approval Study (“PAS”) evaluating the sensitivity of physicians in diagnosing melanomas and high-grade lesions and the false positive rate after using MelaFind®, the further development of Melafind® and the Company’s technology and the expansion of its corporate infrastructure.

Liquidity and Capital Resources

In May 2009, the Company entered into a committed equity financing facility (“CEFF”) with Kingsbridge Capital Limited, pursuant to which Kingsbridge committed to purchase from time to time at the Company’s sole discretion, up to the lesser of $45 million or 3,327,000 shares of the Company’s common stock, prior to May 25, 2012. In connection with this CEFF, the Company issued a 5 year warrant, exercisable as of November 7, 2009, to Kingsbridge to purchase up to 200,000 shares of the Company’s common stock at an exercise price of $11.35 per share.

The Company did not sell any stock to Kingsbridge Capital Limited under the CEFF in the three or six months ended June 30, 2012 and June 30, 2011, respectively. The CEFF terminated in May 2012 with 1,095,315 shares of common stock remaining unsold. Legal, accounting, and other costs associated with this agreement approximating $62 have been charged to operations in the quarter ended June 30, 2012 as the CEFF expired. The 200,000 warrants held by Kingsbridge remain outstanding and, if not exercised, will expire in May 2014.

In May 2010, the Company filed a Form S-3 shelf registration statement for an indeterminate number of shares of common stock, warrants to purchase shares of common stock and units consisting of a combination thereof having an aggregate initial offering price not to exceed $75 million. The registration statement was declared effective by the SEC on June 1, 2010. On June 30, 2010, the Company entered into an underwriting agreement, relating to the public offering of 2,200,000 shares of the Company’s common stock, at a price to the public of $7.50 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on June 30, 2010, in connection with a takedown from the Company’s effective shelf registration statement.

 

15


Table of Contents

On December 15, 2011, the Company entered into an underwriting agreement, relating to the public offering of 5,000,000 shares of the Company’s common stock, at a price to the public of $3.25 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on December 16, 2011, in connection with a takedown from the Company’s effective shelf registration statement. The gross proceeds to the Company from the sale of the common stock totaled approximately $16.3 million. After deducting the underwriters’ discounts and commissions and other offering expenses payable by the Company, net proceeds were approximately $15 million. This offering closed on December 21, 2011. Approximately $42.2 million remained available under the Company’s 2010 shelf registration at December 31, 2011.

On June 15, 2012 the Company entered into a sales agreement with Cowen and Company, LLC to sell shares of its common stock with aggregate gross proceeds of up to $20,000,000, from time to time, through an ATM Program. The common stock was offered and will be sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on June 15, 2012, in connection with a takedown from the Company’s effective shelf registration statement, leaving $22.2 million available under the shelf registration. There were no shares of Company common stock sold through this ATM Program as of June 30, 2012. During July 2012, there were 187,102 shares of Company common stock sold through the ATM for gross proceeds of approximately $0.7 million.

Most of our expenditures prior to commercialization in March 2012 had been for research and development activities and general and administrative expenses. Research and development expenses represented costs incurred for product development, clinical trials, activities related to regulatory filings, and manufacturing development efforts. Subsequent to the commercial launch of MelaFind®, certain costs previously classified as research and development expenses are now classified as cost of sales or general and administrative expenses.

We expense all of our research and development costs as they are incurred.

To date, we have not borrowed (other than by issuing convertible notes, all of which have been converted into equity) or financed our operations through equipment leases, financing loans or other debt instruments.

As of June 30, 2012, the Company’s total of cash and cash equivalents was approximately $17.2 million. The Company will require additional funds to achieve significant commercialization of MelaFind®. However, there can be no assurances that the Company will be able to obtain additional financing in the future. Additional funds may not become available on acceptable terms, and there can be no assurance that any additional funding that the Company does obtain will be sufficient to meet the Company’s needs in the long term. In the event that the Company is unable to raise additional funds, the Company has the ability and intent to reduce certain discretionary expenditures.

Our cash and cash equivalents at June 30, 2012 are liquid investments in money market accounts and deposits with commercial banks, which are held in amounts that substantially exceed FDIC limits.

Cash Flows from Operating Activities (in thousands)

Net cash used in operations was $9,230 for the six months ended June 30, 2012. For the corresponding period in 2011, net cash used in operations was $9,547. In both periods, cash used in operations was attributable to net losses after an adjustment for non-cash charges related to depreciation/amortization, share-based compensation, deferred rent, deferred revenue, the acquisition of MelaFind® related inventory and other changes in operating assets and liabilities.

Cash Flows from Investing Activities

For the six months ended June 30, 2012, there was $1,391 net cash used in our investing activities, principally for the purchase of MelaFind® systems and components. For the corresponding period in 2011, $31 net cash was used in our investing activities, principally for the purchase of fixed assets.

 

16


Table of Contents

Cash Flows from Financing Activities

For the six months ended June 30, 2012, there was $166 used in our financing activities representing the net of expenses related to our ATM Program, additional costs from our December 2011 public offering offset, in part, by the proceeds from the exercise of stock options. For the six months ended June 30, 2011, no net cash was provided by or used in our financing activities.

Operating Capital and Capital Expenditure Requirements

We face certain risks and uncertainties, which are present in many emerging medical device companies. At June 30, 2012, we had an accumulated deficit of approximately $130.8 million. We anticipate that we will continue to incur net losses for the foreseeable future as we proceed with the MelaFind® commercialization process, the conduct of a Post Approval Study (“PAS”) evaluating the sensitivity of physicians in diagnosing melanomas and high-grade lesions and the false positive rate after using MelaFind®, the further development of Melafind® and the Company’s technology and the expansion of its corporate infrastructure. However, we will need substantial funds to broaden the commercial expansion of Melafind®. The timing and amount of any additional funding the Company may require to broaden the commercial expansion of Melafind® will be affected by the commercial success of the product. The funding could be in the form of either additional equity or debt financing. We believe that our current cash and cash equivalents, anticipated revenue and the utilization of the Company’s ATM Program will be sufficient to meet our anticipated cash needs for working capital and capital expenditures for at least the next twelve months. However, if our existing cash is insufficient to satisfy our liquidity requirements, or if we develop additional products, we may seek to sell additional equity or debt securities or obtain a credit facility, which will be even more difficult due to the lack of available capital as a result of the recent global economic crisis. If additional funds are raised through the issuance of debt securities, these securities would have rights senior to those associated with our common stock and could contain covenants that would restrict our operations. Any additional financing may not be available in amounts or on terms acceptable to us, or at all. If we are unable to obtain this additional financing, we may be required to reduce the scope of, delay or eliminate some or all of planned product research development and commercialization activities, which could harm our business.

Because of the numerous risks and uncertainties associated with the development and commercialization of medical devices such as MelaFind® and operating our Company, we are unable to estimate the exact amounts of capital outlays and operating expenditures. Our future funding requirements will depend on many factors, including, but not limited to:

 

   

the cost of commercialization activities, including product marketing and building a domestic direct sales force;

 

   

the amount of direct payments we are able to obtain from physicians utilizing MelaFind®;

 

   

the costs of maintaining regulatory approval;

 

   

reimbursement amounts for the use of MelaFind® that we are able to obtain from Medicare and third party payers;

 

   

the success of our research and development efforts in product creation and enhancement, and meeting competitive services and technologies;

 

   

the schedule, costs, and results of our clinical trials;

 

   

the costs of maintaining or potentially building our inventory and other manufacturing expenses;

 

17


Table of Contents
   

our ability to establish and maintain any collaborative, licensing or other arrangements, and the terms and timing of any such arrangements;

 

   

the costs involved in defending any patent infringement actions or other litigation claims brought against us by third parties; and

 

   

the costs of filing, prosecuting, defending and enforcing any patent claims or other rights.

Contractual Obligations (in thousands)

The following table summarizes our outstanding contractual obligations as of June 30, 2012, and the effect those obligations are expected to have on our liquidity and cash flows in future periods:

 

     Total      Less than
1 year
     1-3 years      4-5 years  

Operating leases

   $ 2,111       $ 447       $ 947       $ 717   

Our long-term obligations represent a non-cancelable operating lease for our laboratory, assembly, and office space which expires in December of 2016. The lease is for approximately 21,700 square feet of space including 1,700 square feet which became effective May 1, 2012. This amendment increased the annual rental by $22.

Results of Operations (in thousands)

In the six months ended June 30, 2012, the Company evolved from being exclusively an R&D company prior to the MelaFind® launch to a commercial company with the controlled installation of MelaFind® systems in the U.S. and Germany. Additions were made to the direct sales force and field technical support capabilities of the Company commensurate with these additional installations and increasing demand for MelaFind®. Also during the quarter, the production levels of our contract manufacturers were accelerated to address the increasing demand for MelaFind® systems. For the first two months of 2012 the Company continued to record all transactions as an R&D company, as it had in 2011. Subsequent to the commercial launch of MelaFind®, certain costs previously classified as research and development expenses are now classified as cost of sales or general administrative expenses. Sales and marketing efforts have been increased in the first six months of 2012 leading up to and subsequent to the commercial launch of MelaFind®.

Three Months Ended June 30, 2012 Compared to Three Months Ended June 30, 2011

Sales

Invoicing for the quarter totaled $147, with revenue of $76 and deferred revenue of $71 recorded in the three months ended June 30, 2012 as the Company continued its controlled commercial launch of the MelaFind® product which commenced during March 2012. Prior to the commercial launch of MelaFind®, the Company had not recorded any product revenue or deferred revenue since the discontinuance of our Difoti product in 2005. In general, the Company signs a user agreement with its customers that includes an installation fee for the placement of the MelaFind® system and for the sale of its electronic patient record cards and consumables which are needed to operate the system. The Company is addressing unique aspects of the European marketplace through variations of the user agreement. Deferred revenue reflects the timed recognition of the installation fee revenue over the term of the user agreement, which is generally 2 years.

 

18


Table of Contents

Cost of Sales

Costs of $372 were recorded as associated with the realization of MelaFind® revenue and deferred revenue during the three months ended June 30, 2012. These costs were made up of direct costs associated with the placement of the MelaFind® system in the doctor’s office, the cost of consumables delivered at installation, the cost of the electronic record cards, and depreciation costs of the MelaFind® system placed with the customer which remains the property of the Company. Certain manufacturing overhead costs associated with supporting the contract manufacturers of MelaFind® along with technical support and quality costs are also recorded to cost of goods sold.

Research and Development Expense

Research and development (“R&D”) expenses experienced an overall decrease of $947 or 36% in the three months ended June 30, 2012 below the comparable period a year earlier. This decrease was principally due to the decrease in R&D labor and materials at Askion in Germany of $265 and the re-classification to general and administrative (“G&A”) expense of approximately $263 of regulatory expenses and $336 of clinical expenses, and the re-classification of approximately $75 of quality expenses to cost of sales.

General and Administrative Expense

General and administrative (“G&A”) expenses experienced an overall increase of $1,321 or 60% for the three months ended June 30, 2012 above the comparable period a year earlier. Within G&A, marketing costs represented $624 of the increase as compensation related costs increased by $259 with the expansion of our field and in-house sales force, expenses for consulting in Germany increased by $167, conference expenses increased by $82 and travel expenses increased by $103.

Other year-to-year increases in general and administrative costs for the three months ended June 30, 2012 include the re-classification to G&A of approximately $ 336 in clinical and $263 of regulatory expenses which would have been classified as R&D if incurred prior to launch, while non-marketing travel expense increased by $124.

Interest Income

Interest income for the three months ended June 30, 2012 decreased to $9 from $14 in the comparable period of 2011. Interest income decreased as a result of the deterioration of interest rates and smaller cash balances during the period in 2012.

Other Income

Other income for the three months ended June 30, 2012 and 2011, respectively, was principally the $5 royalty minimum we earn each quarter from Kavo on the sale/licensing of our discontinued DEFOTI product.

Six Months Ended June 30, 2012 Compared to Six Months Ended June 30, 2011

Sales

Invoicing in the first two quarters totaled $175, with revenue of $87 and deferred revenue of $88 recorded in the six months ended June 30, 2012 as the Company commenced its controlled commercial launch of the MelaFind® product during March 2012. Prior to the launch of MelaFind®, the Company had not recorded any product revenue or deferred revenue since the discontinuance of our Difoti product in 2005. In general, the Company signs a user agreement with its customers that includes an installation fee for the placement of the MelaFind® system and for the sale of its electronic patient record cards and consumables which are needed to operate the system. The Company is addressing unique aspects of the European marketplace through variations of the user agreement. Deferred revenue reflects the timed recognition of the installation fee revenue over the term of the user agreement, which is generally 2 years.

 

19


Table of Contents

Cost of Sales

Costs of $502 were recorded as associated with the realization of MelaFind® revenue and deferred revenue during the six months ended June 30, 2012. These costs were made up of direct costs associated with the placement of the MelaFind® system in the doctor’s office, the cost of consumables sold, the cost of the system access cards, and depreciation costs of the MelaFind® system placed with the customer which remains the property of the Company. Certain manufacturing overhead costs associated with supporting the contract manufacturers of MelaFind® along with technical support and quality costs are also recorded to cost of goods sold.

Research and Development Expense

Research and development (“R&D”) expenses experienced an overall decrease of $1,089 or 21% in the six months ended June 30, 2012 below the comparable period a year earlier. This decrease was principally due to the decrease in R&D labor and materials at Askion in Germany of $719, the re-classification to general and administrative expenses of approximately $486 of regulatory expenses and $482 of clinical expenses, and of approximately $118 of quality expenses to cost of sales. These decreases were offset by an increase of $311 in software development costs and an increase of $384 in expenses related to clinical studies initiated in Germany prior to commercial launch.

General and Administrative Expense

General and administrative expenses experienced an overall increase of $2,145 or 47% for the six months ended June 30, 2012 above the comparable period a year earlier. Within G&A, marketing costs represented $902 of the increase as compensation related costs increased by $398 with the expansion of our sales force, expenses for consulting in Germany increased by $247, conference expenses increased by $121 and travel expenses increased by $154.

Other year-to-year increases in general and administrative costs for the six months ended June 30, 2012 include the re-classification to G&A of approximately $ 482 in clinical and $486 of regulatory expense which would have been classified as R&D if incurred prior to launch, while non-marketing travel expense increased by $136.

Interest Income

Interest income for the six months ended June 30, 2012 decreased to $22 from $34 in the comparable period of 2011. Interest income decreased as a result of the deterioration of interest rates and smaller cash balances during the period in 2012.

Other Income

Other income for the six months ended June 30, 2012 and 2011, respectively, was the $10 royalty minimum we earned from Kavo on the sale/licensing of our discontinued DIFOTI product.

Critical Accounting Policies and Significant Judgments and Estimates

Our management’s discussion and analysis of our financial condition and results of operations is based on our financial statements, which have been prepared in accordance with generally accepted accounting principles (“GAAP”). The preparation of these financial statements requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements as well as the reported revenues and expenses during the reporting periods. On an ongoing basis, we evaluate our judgments related to accounting estimates. We base our estimates on historical experience and on various other factors that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

 

20


Table of Contents

We believe that the following accounting policies and significant judgments and estimates relating to revenue recognition, stock-based compensation charges, and accrued expenses are most critical to aid you in fully understanding and evaluating our reported financial results.

Revenue Recognition

The Company considers revenue to be earned when all of the following criteria are met: persuasive evidence a sales arrangement exists; delivery has occurred or services have been rendered; the price is fixed or determinable; and collectability is reasonably assured. The Company’s agreements with dermatologists regarding the MelaFind® system combines the elements noted above with a future service obligation. While the Company is required to place the MelaFind® system with dermatologists for their exclusive use, ownership of the MelaFind® system remains with the Company.

In the U.S., the Company generates revenue primarily from the sale of single-use electronic patient record cards. These cards activate the MelaFind® system, capture data and store the data for each patient visit. Additionally, the Company typically charges an initial installation fee for each MelaFind® system which covers training, delivery, supplies, maintenance and the right to use MelaFind®. In accordance with the accounting guidance regarding multiple-element arrangements, the Company defers revenue for the undelivered service element based upon the relative standalone selling prices, and recognizes the associated revenue over the related service period, generally expected to be two years.

In Germany, the typical contract with dermatologists calls for a fixed monthly fee and a per patient usage charge. Revenue generated from German contracts is recognized when earned.

Stock-Based Compensation

We account for non-employee stock-based awards in which goods or services are the consideration received for the equity instruments issued based on the fair value of the equity instruments issued in accordance with FASB ASC 505-50, “Equity Based Payments to Non-Employees.”

We record compensation expense associated with stock options and other forms of equity compensation in accordance with FASB ASC 718, Compensation-Stock Compensation, as interpreted by SEC Staff Accounting Bulletins No. 107 and No. 110. A compensation charge is recorded when it is probable that performance conditions will be satisfied, over the period estimated to satisfy the performance condition. The probability of vesting is updated at each reporting period and compensation is adjusted prospectively.

Accrued Expenses

As part of the process of preparing financial statements, we are required to estimate accrued expenses. This process involves identifying services that have been performed on our behalf and estimating the level of service performed and the associated cost incurred for such service where we have not been invoiced or otherwise notified of the actual cost. Examples of estimated accrued expenses include:

 

   

professional service fees;

 

   

contract clinical service fees;

 

   

fees paid to contract manufacturers in conjunction with the production of clinical components or materials; and

 

   

fees paid to third party data collection organizations and investigators in conjunction with the clinical trials.

 

21


Table of Contents

In connection with such service fees, our estimates are most affected by our projections of the timing of services provided relative to the actual level of services incurred by such service providers. The majority of our service providers invoice us monthly in arrears for services performed. In the event that we do not identify certain costs that have begun to be incurred or we are under or over our estimate of the level of services performed or the costs of such services, our actual expenses could differ from such estimates. The date on which certain services commence, the level of services performed on or before a given date, and the cost of such services are often subjective determinations. We make these judgments based upon the facts and circumstances known to us in accordance with U.S. GAAP. This is done as of each balance sheet date in our financial statements.

Off-Balance Sheet Arrangements

We do not currently have, nor have we ever had, any relationships with unconsolidated entities or financial partnerships, such as entities often referred to as structured finance or special purpose entities, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes. In addition, we do not engage in trading activities involving non-exchange traded contracts. As such, we are not materially exposed to any financing, liquidity, market or credit risk that could arise if we had engaged in these relationships.

Recent Accounting Pronouncements

In June, 2011, the FASB issued Accounting Standard Update No 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05). Under ASU 2011-05, an entity has the option to present the total of comprehensive income either in a single continuous statement of comprehensive income or in two separate but continuous statements of income and comprehensive income. The option of presentation of the components of other comprehensive income as part of the statement of change in the stockholders’ equity has been eliminated. This update was applied retrospectively and was effective for the Company for the fiscal year beginning January 1, 2012. For the year ended December 31, 2011 and as of June 30, 2012, comprehensive loss was equal to net loss as the Company had no other comprehensive income or loss to report in either period.

 

ITEM 3.

Quantitative and Qualitative Disclosures about Market Risk

Our exposure to market risk is confined to our cash, cash equivalents, and short-term investments. We invest in high-quality financial instruments, primarily money market funds, with the average effective duration of the portfolio within one year which we believe are subject to limited credit risk. We currently do not hedge interest rate exposure. Due to the short-term nature of our investments, we do not believe that we have any material exposure to interest rate risk arising from our investments. The Company is exposed to credit risks in the event of default by the financial institutions or issuers of investments in excess of FDIC insured limits. The Company performs periodic evaluations of the relative credit standing of these financial institutions and limits the amount of credit exposure with any institution.

 

22


Table of Contents
ITEM 4.

Controls and Procedures

Evaluation of disclosure controls and procedures

Based on their evaluation as of June 30, 2012, our Chief Executive Officer and Chief Financial Officer have concluded that our disclosure controls and procedures as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended, were effective to ensure that the information required to be disclosed by us in this Quarterly Report on Form 10-Q was recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and Form l0-Q, and that such information was accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.

Change in internal control over financial reporting

There were no changes in our internal control over financial reporting during the quarter ended June 30, 2012 that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

Limitations on the effectiveness of controls

Our disclosure controls and procedures are designed to provide reasonable, not absolute, assurance that the objectives of our disclosure control system are met. Because of inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues, if any, within a company have been detected.

PART II. OTHER INFORMATION

 

Item 1. Legal Proceedings

On November 19, 2010, a purported securities class action complaint was filed in the U.S. District Court for the Southern District of New York, naming as defendants the Company and certain of its officers and directors, entitled Randall J. Pederson, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 7:10-cv-08774-JFM. Two similar complaints were also filed, one on December 2, 2010 and the other on January 20, 2011, in the same District Court, entitled Amy Steigman, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 7:10-cv-09024-JFM; and Martin Slove and Linda Slove, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 1:11-cv-00429-JFM. These three securities class actions were consolidated into one action on February 15, 2011, entitled In re MELA Sciences, Inc. Securities Litigation, No. 10-Civ-8774-JFM (“securities class action”). The securities class action plaintiffs assert violations of the Securities Exchange Act of 1934, alleging, among other things, that defendants made misstatements and omissions regarding the Company’s product, MelaFind®, and its prospects for FDA approval, on behalf of stockholders who purchased the Company’s common stock during the period from February 13, 2009 through November 16, 2010, and seek unspecified damages. On May 2, 2011, the securities class action plaintiffs filed their amended consolidated complaint, alleging similar claims to their prior complaints. On July 29, 2011, defendants filed a motion to dismiss the consolidated amended complaint in its entirety. Plaintiff’s opposition to the motion to dismiss was filed on September 23, 2011. In light of the Company’s receipt of the Approvable Letter from the FDA for the MelaFind® PMA Application on September 22, 2011, the parties filed a stipulation on October 19, 2011 in which plaintiff stated its intention to file a motion seeking leave to amend its complaint. Defendants withdrew the outstanding motion to dismiss the current Amended Complaint without prejudice to renew it at a later date. On November 18, 2011, plaintiffs filed their motion for leave to amend the consolidated amended complaint. On December 18, 2011, defendants filed an opposition to plaintiff’s motion for leave to amend the consolidated amended complaint. On February 8, 2012, plaintiffs

 

23


Table of Contents

filed their reply to defendants’ opposition to the motion. On March 16, 2012, plaintiffs filed a revised proposed second amended complaint. On March 30, 2012, defendants filed a surreply in further opposition to the motion. On April 16, 2012, plaintiffs filed a surreply in further support of the motion.

The Company believes that it has meritorious defenses and intends to vigorously defend against the securities class action; however, as with any litigation, we cannot predict with any degree of certainty the eventual outcome of this litigation. An adverse outcome could have a material adverse effect on our business and our business could be materially harmed.

From time to time, we may be a party to certain legal proceedings, incidental to the normal course of our business. These may include controversies relating to contract claims and employment related matters, some of which claims may be material in which case we will make separate disclosure as required.

 

Item 1A. Risk Factors

Our business and operations entail a variety of serious risks and uncertainties, including those described in Item 1A of our Form 10-K for the year ended December 31, 2011. In addition, the following risk factors have materially changed during the three months ended June 30, 2012:

We have incurred losses for a number of years, and anticipate that we will incur continued losses for the foreseeable future.

Since 1999, we have primarily financed our operations through the sale of our equity securities and have devoted substantially all of our resources to research and development relating to MelaFind®. Our net loss for the six months ended June 30, 2012 was approximately $5.5 million, and as of June 30, 2012, we had an accumulated deficit of approximately $130.8 million. Our research and development expenses may increase in connection with our continued commercialization and development activities related to MelaFind®. Having commenced commercialization in March 2012, we expect to incur significant sales, marketing, contract manufacturing and inventory build-up expenses which will require additional funding. As a result, we expect to continue to incur significant and increasing operating losses for the foreseeable future. These losses, among other things, have had and will continue to have an adverse effect on our stockholders’ equity.

We may be unable to continue commercialization and continue development of MelaFind® enhancements or other products without additional funding and we will not be able to achieve significant commercialization without additional funding.

As of June 30, 2012 we had approximately $17.2 million in cash and cash equivalents. Our operations have consumed substantial amounts of cash for each of the last ten years and we expect that our cash used by operations will increase significantly in each of the next several years. We currently believe that our available cash and cash equivalents, utilization of our ATM and anticipated revenue will be sufficient to fund our anticipated levels of operations for at least the next twelve months. However, we will need substantial funds to broaden the commercial expansion of MelaFind®, including further development of a direct sales force and expansion of our contract manufacturing capacity. We also expect to continue to spend funds on research and development and product enhancements. Our business or operations may change in a manner that would consume available resources more rapidly than we anticipate. The amount of funding we will need will depend on many factors, including:

 

   

the cost of commercialization activities, including product marketing and building a domestic direct sales force and conducting activities in Germany and ultimately throughout the European Union (“EU”);

 

   

the costs of maintaining regulatory approval;

 

   

the amount of direct payments we are able to obtain from physicians utilizing MelaFind®;

 

   

reimbursement amounts for the use of MelaFind® that physicians are able to obtain from Medicare and third party payers;

 

24


Table of Contents
   

the success of our research and development efforts in product creation and enhancement, and meeting competitive services and technologies;

 

   

the schedule, costs and results of any clinical trials and studies;

 

   

the costs of maintaining inventory and other manufacturing expenses;

 

   

our ability to establish and maintain any collaborative, licensing or other arrangements, and the terms and timing of any such arrangements;

 

   

the costs involved in defending any patent infringement actions or other litigation claims brought against us by third parties; and

 

   

the costs of filing, prosecuting, defending and enforcing any patent claims and other rights.

Additional financing may not be available to us when we need it, or it may not be available on favorable terms. If we are unable to obtain adequate financing on a timely basis, we may be required to significantly curtail or cease one or more of our development and marketing programs. We also may have to reduce marketing, customer support and other resources devoted to our products. We could be required to seek funds through arrangements with collaborators or others that may require us to relinquish rights to some of our technologies, product candidates or products that we would otherwise pursue on our own, or that may require us to grant a security interest in our assets. If we raise additional funds by issuing equity securities, our then-existing stockholders will experience ownership dilution, could experience declines in our share price and the terms of any new equity securities may have preferences over our common stock.

 

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

 

Item 3. Defaults Upon Senior Securities

Not applicable

 

Item 4. Mine Safety Disclosures

Not applicable

 

Item 5. Other Information

 

  (a) Not applicable

 

  (b) Not applicable

 

25


Table of Contents

Item 6. Exhibits

 

Exhibit
Number
   Exhibit Title
  31.1#    Certification of Chief Executive Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.
  31.2#    Certification of Chief Financial Officer Pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.
  32.1#    Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.1#    Interactive Data File
#    Filed herewith

 

26


Table of Contents

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

MELA SCIENCES, INC.
By:  

/s/ Richard I. Steinhart

  Richard I. Steinhart
 

Senior Vice President and Chief
Financial Officer

(Principal Accounting and Financial Officer)

Date: August 7, 2012

 

27


Table of Contents

EXHIBIT INDEX

 

Exhibit
No.
   Description
  31.1    Certification by the Chief Executive Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.
  31.2    Certification by the Chief Financial Officer pursuant to Rule 13a-14(a) or Rule 15d-14(a) under the Securities Exchange Act of 1934, as amended.
  32.1    Certification Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.1    Interactive Data File

 

28

EX-31.1 2 d366040dex311.htm EX-31.1 EX-31.1

Exhibit 31.1

CERTIFICATION BY THE CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) or RULE 15D-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

I, Joseph V. Gulfo, certify that:

 

1. I have reviewed this report on Form 10-Q of MELA Sciences, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

 

  a) all significant deficiencies and material weaknesses in the design or operations of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  b) any fraud whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 7, 2012

/s/ Joseph V. Gulfo, M.D.

Joseph V. Gulfo, M.D.

Chairman, President and Chief Executive Officer
(Principal Executive Officer)

 

29

EX-31.2 3 d366040dex312.htm EX-31.2 EX-31.2

Exhibit 31.2

CERTIFICATION BY THE CHIEF FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) or RULE 15D-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED

I, Richard I. Steinhart, certify that:

 

1. I have reviewed this report on Form 10-Q of MELA Sciences, Inc.;

 

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

 

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of the financial statements for external purposes in accordance with generally accepted accounting principles;

 

  c) evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

  d) disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s Board of Directors (or persons performing the equivalent functions):

 

  a) all significant deficiencies and material weaknesses in the design or operations of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  b) any fraud whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: August 7, 2012
/s/ Richard I. Steinhart
Richard I. Steinhart
Senior Vice President and Chief Financial Officer
(Principal Accounting and Financial Officer)

 

30

EX-32.1 4 d366040dex321.htm EX-32.1 EX-32.1

Exhibit 32.1

MELA SCIENCES, INC.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

Each of the undersigned officers of MELA Sciences, Inc. (the “Company”) hereby certifies to his knowledge that the Company’s quarterly report on Form 10-Q for the period ended June 30, 2012 (the “Report”), as filed with the Securities and Exchange Commission on the date hereof, fully complies with the requirements of Section 13(a) or 15(d), as applicable, of the Securities Exchange Act of 1934, as amended, and that the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

/s/ Joseph V. Gulfo

Joseph V. Gulfo

Chairman, President and Chief Executive Officer
(Principal Executive Officer)
August 7, 2012

/s/ Richard I. Steinhart

Richard I. Steinhart

Senior Vice President & Chief Financial Officer
(Principal Accounting and Financial Officer)
August 7, 2012

 

* A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to MELA Sciences, Inc. and will be retained by MELA Sciences, Inc. and furnished to the Securities and Exchange Commission or its staff upon request. This written statement accompanies the Form 10-Q to which it relates, is not deemed filed with the Securities and Exchange Commission, and will not be incorporated by reference into any filing of MELA Sciences, Inc. under the Securities Act of 1933 or the Securities Exchange Act of 1934, irrespective of any general incorporation language contained in such filing.

 

31

EX-101.INS 5 mela-20120630.xml XBRL INSTANCE DOCUMENT 0001051514 mela:RangeTwoMember 2012-01-01 2012-06-30 0001051514 mela:RangeThreeMember 2012-01-01 2012-06-30 0001051514 mela:RangeOneMember 2012-01-01 2012-06-30 0001051514 mela:NetRangeMember 2012-01-01 2012-06-30 0001051514 mela:RangeTwoMember 2012-06-30 0001051514 mela:RangeThreeMember 2012-06-30 0001051514 mela:RangeOneMember 2012-06-30 0001051514 mela:NetRangeMember 2012-06-30 0001051514 2011-01-01 2011-12-31 0001051514 mela:IssuedOnTwoThousandAndNineMember 2012-06-30 0001051514 mela:IssuedOnTwoThousandAndSevenMember 2011-12-31 0001051514 mela:IssuedOnTwoThousandAndNineMember 2011-12-31 0001051514 mela:IssuedOnTwoThousandAndNineMember 2012-01-01 2012-06-30 0001051514 us-gaap:PerformanceSharesMember us-gaap:StockCompensationPlanMember 2012-04-01 2012-06-30 0001051514 us-gaap:PerformanceSharesMember us-gaap:StockCompensationPlanMember 2012-01-01 2012-06-30 0001051514 us-gaap:PerformanceSharesMember us-gaap:StockCompensationPlanMember 2011-04-01 2011-06-30 0001051514 us-gaap:PerformanceSharesMember us-gaap:StockCompensationPlanMember 2011-01-01 2011-06-30 0001051514 us-gaap:PerformanceSharesMember us-gaap:StockCompensationPlanMember 2012-06-30 0001051514 us-gaap:StockCompensationPlanMember 2012-06-30 0001051514 us-gaap:StockCompensationPlanMember 2012-04-01 2012-06-30 0001051514 us-gaap:StockCompensationPlanMember 2011-04-01 2011-06-30 0001051514 us-gaap:StockCompensationPlanMember 2011-01-01 2011-06-30 0001051514 mela:CommittedEquityFinancingMember 2012-06-30 0001051514 2011-06-30 0001051514 2010-12-31 0001051514 us-gaap:WarrantMember 2012-01-01 2012-06-30 0001051514 us-gaap:StockOptionsMember 2012-01-01 2012-06-30 0001051514 us-gaap:WarrantMember 2011-01-01 2011-06-30 0001051514 us-gaap:StockOptionsMember 2011-01-01 2011-06-30 0001051514 2012-06-30 0001051514 2011-12-31 0001051514 mela:IssuedOnTwoThousandAndSevenMember 2007-08-01 2007-08-31 0001051514 2007-08-01 2007-08-31 0001051514 mela:IssuedOnTwoThousandAndSevenMember 2012-08-01 2012-08-31 0001051514 mela:IssuedOnTwoThousandAndSevenMember 2012-06-30 0001051514 mela:CommittedEquityFinancingMember 2009-11-07 0001051514 mela:IssuedOnTwoThousandAndNineMember 2009-05-07 0001051514 2012-07-01 2012-07-31 0001051514 mela:ShelfRegistrationStatementMember 2011-12-15 0001051514 mela:ShelfRegistrationStatementMember 2010-06-30 0001051514 mela:RelatedPartyMember 2012-04-01 2012-06-30 0001051514 mela:RelatedPartyMember 2012-01-01 2012-06-30 0001051514 mela:RelatedPartyMember 2011-04-01 2011-06-30 0001051514 mela:RelatedPartyMember 2011-01-01 2011-06-30 0001051514 mela:CommittedEquityFinancingMember 2012-01-01 2012-06-30 0001051514 2012-04-30 0001051514 mela:AtmProgramMember 2012-06-15 0001051514 mela:ShelfRegistrationStatementMember 2010-06-01 0001051514 us-gaap:StockCompensationPlanMember 2012-01-01 2012-06-30 0001051514 mela:CommittedEquityFinancingMember 2012-05-31 0001051514 mela:AtmProgramMember 2012-07-01 2012-07-31 0001051514 mela:CommittedEquityFinancingMember 2012-05-25 0001051514 2012-04-01 2012-06-30 0001051514 2011-04-01 2011-06-30 0001051514 2011-01-01 2011-06-30 0001051514 mela:FormerDirectorMember 2012-04-01 2012-06-30 0001051514 mela:FormerDirectorMember 2012-01-01 2012-06-30 0001051514 mela:FormerDirectorMember 2011-04-01 2011-06-30 0001051514 mela:BoardOfDirectorsFormerChairmanMember 2011-04-01 2011-06-30 0001051514 mela:FormerDirectorMember 2011-01-01 2011-06-30 0001051514 mela:BoardOfDirectorsFormerChairmanMember 2011-01-01 2011-06-30 0001051514 mela:AtmProgramMember 2012-06-30 0001051514 mela:AtmProgramMember 2011-12-31 0001051514 mela:BoardOfDirectorsFormerChairmanMember 2012-01-01 2012-06-30 0001051514 2012-07-31 0001051514 2012-01-01 2012-06-30 xbrli:pure iso4217:USD mela:Unit iso4217:USD xbrli:shares utr:sqft xbrli:shares iso4217:USD <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 1 - us-gaap:OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock--> <!-- xbrl,ns --> <!-- xbrl,nx --> <font style="font-family:times new roman" size="2"><b></b></font> <font style="font-family:times new roman" size="2"><b></b></font> <font style="font-family:times new roman" size="2"> <b></b></font> <font style="font-family:times new roman" size="2"><b> </b></font> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>1. ORGANIZATION AND BASIS OF PRESENTATION </b></font></p> <p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">MELA Sciences, Inc., a Delaware corporation (the &#8220;Company&#8221;), is a medical device company focused on the commercialization of our flagship product, MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font>, and the further design and development of MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> and our technology. MelaFind<font style="font-family:times new roman" size="1"><sup> &reg;</sup></font> is a non-invasive, point-of-care (in the doctor&#8217;s office) instrument to aid in the detection of melanoma. MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> features a hand-held component that emits light of multiple wavelengths to capture digital data from clinically atypical pigmented skin lesions. The data are then analyzed utilizing sophisticated classification algorithms, &#8216;trained&#8217; on our proprietary database of melanomas and benign lesions, to provide information to assist in the management of the patient&#8217;s disease, including information useful in the decision of whether to biopsy the lesion. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">The Company received the Food and Drug Administration&#8217;s (&#8220;FDA&#8221;) approval of the Pre-Market Approval (&#8220;PMA&#8221;) application for Melafind<font style="font-family:times new roman" size="1"><sup> &reg;</sup></font> in November 2011 and in September 2011 the Company received Conformite Europeenne (&#8220;CE&#8221;) Mark approval for MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font>. The Company initiated a controlled launch of MelaFind<font style="font-family:times new roman" size="1"><sup> &reg;</sup></font> in selected U.S. and German markets in March 2012. Prior to March of 2012 the Company had not generated any revenues from MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font>. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> During the second quarter of 2012, the Company continued the MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> controlled launch with additional installations of MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> systems in both the U.S. and Germany. In the U.S., MelaFind<font style="font-family:times new roman" size="1"><sup> &reg;</sup></font> systems were placed principally in the Northeast with additional installations in certain Southeastern, Southwestern and Middle-Atlantic states. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">The Company anticipates that it will continue to incur net losses for the foreseeable future in the commercialization of the Melafind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> device, the conduct of a Post Approval Study (&#8220;PAS&#8221;) evaluating the sensitivity of physicians in diagnosing melanomas and high-grade lesions and the false positive rate after using MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font>, the further development of Melafind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> and the Company&#8217;s technology and the expansion of its corporate infrastructure. From inception, the Company has financed operations initially through the sale of convertible preferred stock prior to becoming a public company in 2005 and subsequently through the sale of common stock </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On June&#160;15, 2012, the Company entered into a sales agreement (the &#8220;Sales Agreement&#8221;) with Cowen and Company, LLC (&#8220;Cowen&#8221;) to sell shares of its common stock with aggregate gross proceeds of up to $20,000,000, from time to time, through an &#8220;at-the-market&#8221; equity offering program (&#8220;ATM Program&#8221;) under which Cowen will act as sales agent. There were no shares of the Company&#8217;s common stock sold through the ATM Program as of June&#160;30, 2012. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company faces certain risks and uncertainties which are present in many emerging medical device companies regarding future profitability, ability to obtain future capital, protection of patents and intellectual property rights, competition, rapid technological change, government regulations, changing health care marketplace, recruiting and retaining key personnel, and reliance on third party manufacturing organizations. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> As of June&#160;30, 2012, the Company&#8217;s total of cash and cash equivalents was approximately $17.2 million. Management believes that this cash balance along with anticipated revenues and the utilization of the Company&#8217;s ATM Program will be sufficient to fund the Company&#8217;s anticipated level of operations for at least the next twelve months. However, the Company will need substantial funds to broaden the commercial expansion of MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font>, including further development of a direct sales force and expansion of the Company&#8217;s contract manufacturing capacity. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">The net proceeds anticipated from the ATM Program are intended to be used to continue the commercial launch of MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> in the U.S. and the European Union, for continued research&#160;&#038; development activities and for general corporate purposes, including working capital. There can be no assurances that the Company will be able to obtain additional financing in the future. Additional funds may not become available on acceptable terms, and there can be no assurance that any additional funding that the Company does obtain will be sufficient to meet the Company&#8217;s needs in the long term. In the event that the Company is unable to raise additional funds, the Company has the ability and intent to reduce certain discretionary expenditures. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The unaudited condensed financial statements included herein have been prepared from the books and records of the Company pursuant to the rules and regulations of the Securities and Exchange Commission (&#8220;SEC&#8221;) for reporting on Form 10-Q. The information and note disclosures normally included in complete financial statements prepared in accordance with generally accepted accounting principles in the United States (&#8220;GAAP&#8221;) have been condensed or omitted pursuant to such rules and regulations. The interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company&#8217;s Annual Report on Form 10-K for the year ended December&#160;31, 2011. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company&#8217;s management is responsible for the financial statements included in this document. The Company&#8217;s interim financial statements are unaudited. Interim results may not be indicative of the results that may be expected for the year. However, the Company believes all adjustments considered necessary for a fair presentation of these interim financial statements have been included and are of a normal and recurring nature. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 2 - mela:RevenueRecognitionDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>2. REVENUE RECOGNITION </b></font></p> <p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">The Company considers revenue to be earned when all of the following criteria are met: persuasive evidence a sales arrangement exists; delivery has occurred or services have been rendered; the price is fixed or determinable; and collectability is reasonably assured. The Company&#8217;s agreements with dermatologists regarding the MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> system combines the elements noted above with a future service obligation. While the Company is required to place the MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> system with dermatologists for their exclusive use, ownership of the MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> system remains with the Company. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> In the U.S., the Company generates revenue primarily from the sale of single-use electronic patient record cards. These cards activate the MelaFind<font style="font-family:times new roman" size="1"><sup> &reg;</sup></font> system, capture data and store the data for each patient visit. Additionally, the Company typically charges an initial installation fee for each MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> system which covers training, delivery, supplies, maintenance and the right to use MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font>. In accordance with the accounting guidance regarding multiple-element arrangements, the Company defers revenue for the undelivered service element based upon the relative standalone selling prices, and recognizes the associated revenue over the related service period, generally expected to be two years. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> In Germany, the typical contract with dermatologists calls for a fixed monthly fee and a per patient usage charge. Revenue generated from German contracts is recognized when earned. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 3 - us-gaap:InventoryDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>3. INVENTORIES </b></font></p> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Inventories are stated at the lower of cost (first-in, first-out) or market value. Inventory costs only include material purchases as the Company does not manufacture its products. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 4 - mela:UseOfEstimatesTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>4. USE OF ESTIMATES </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the use of estimates and assumptions by management that affect reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to stock-based compensation arrangements and accrued expenses. Actual results could differ from these estimates. </font></p> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 5 - us-gaap:AccountingChangesAndErrorCorrectionsTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>5. RECENT ACCOUNTING PRONOUNCEMENTS </b></font></p> <p style="font-size:6px;margin-top:0px;margin-bottom:0px">&#160;</p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In June, 2011, the FASB issued Accounting Standard Update No 2011-05 &#8220;Presentation of Comprehensive Income&#8221; (ASU 2011-05). Under ASU 2011-05, an entity has the option to present the total of comprehensive income either in a single continuous statement of comprehensive income or in two separate but continuous statements of income and comprehensive income. The option of presentation of the components of other comprehensive income as part of the statement of change in the stockholders&#8217; equity has been eliminated. This update was applied retrospectively and was effective for the Company for the fiscal year beginning January&#160;1, 2012. For the periods ended June&#160;30, 2011 and June&#160;30, 2012, comprehensive loss was equal to net loss as the Company had no other comprehensive income or loss to report in either period. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 6 - us-gaap:EarningsPerShareTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>6. NET LOSS PER COMMON SHARE </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Basic net loss per common share excludes dilution for potentially dilutive securities and is computed by dividing loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share gives effect to dilutive options, warrants and other potential common shares outstanding during the period. Diluted net loss per common share is equal to the basic net loss per common share since all potentially dilutive securities are anti-dilutive for each of the periods presented. Potential common stock equivalents excluded consist of stock options and warrants which are summarized as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="76%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>June&#160;30,</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2011</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Common stock options</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,195,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,107,429</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Warrants</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,742,087</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,654,210</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 7 - us-gaap:DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>7. STOCK-BASED COMPENSATION </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company has one stock-based compensation plan, the 2005 Stock Incentive Plan (&#8220;2005 Plan&#8221;), under which the Board of Directors may currently grant incentives to employees, consultants, directors, officers and collaborating scientists in the form of incentive stock options, nonqualified stock options and restricted stock awards. The Company also has one other stock-based compensation plan pursuant to which stock options are outstanding but no new grants may be made. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Stock awards under the Company&#8217;s stock option plans have been granted at prices which are no less than the market value of the stock on the date of the grant. Options granted under the 2005 Plan are generally time-based or performance-based, and vesting varies accordingly. Options under this plan expire in up to a maximum of ten years from the date of grant. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The compensation expense recognized in the Statement of Operations in the second quarter of 2012 and 2011 for stock options amounted to $426 (of which $199 relates to performance milestones) and $564 (of which $13 relates to performance milestones), respectively. For the six months ended June 2012 and 2011, compensation expense for stock options amounted to $774 (of which $345 relates to performance milestones) and $734 (of which $28 relates to performance milestones), respectively. No cash was received from options and warrants exercised under all share-based payment arrangements for the three month periods ended June&#160;30, 2012 and 2011, respectively, and for the six month periods ended June&#160;30, 2012 and 2011 cash received was $33 and $0, respectively. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p>&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The fair value of each option award granted is estimated on the date of grant using the Black-Scholes option valuation model and assumptions as noted in the following table: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="62%">&#160;</td> <td valign="bottom" width="11%">&#160;</td> <td>&#160;</td> <td valign="bottom" width="11%">&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>For&#160;the&#160;Six&#160;Months</b></font><br /><font style="font-family:times new roman" size="1"><b>Ended&#160; June&#160;30,&#160;2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>For&#160;the&#160;Six&#160;Months</b></font><br /><font style="font-family:times new roman" size="1"><b>Ended&#160; June&#160;30,&#160;2011</b></font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected life</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">6.5 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">6.5 years</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected volatility</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">73.55-79.68%</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">70.54-76.32%%</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Risk-free interest rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0.93-1.60%</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">2.47-3.34%</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Dividend yield</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0%</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0%</font></td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The expected life of the options is based on the expected time to full-vesting, forfeiture and exercise. The expected volatility assumptions were determined based upon the historical volatility of the Company&#8217;s daily closing stock price. The risk-free interest rate is based on the continuous rates provided by the U.S. Treasury with a term equal to the expected life of the option. The expected dividend yield is zero as the Company has never paid dividends and does not currently anticipate paying any in the foreseeable future. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> At June&#160;30, 2012, stock options to purchase 2,195,306 shares of common stock at exercise prices ranging from $1.00 to $11.11 per share are outstanding and exercisable at various dates through 2022. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">During the three months and six months ended June&#160;30, 2012, the weighted average fair value of options granted, estimated as of the grant date using the Black-Scholes option valuation model, was $2.71 and $2.68, respectively. For the three month and six month periods ended June&#160;30, 2011, the weighted average fair value of options granted was $2.18 and $2.20, respectively. There were no options exercised in the three month period ended June&#160;30, 2012. For the six months ended June&#160;30, 2012 the total intrinsic value of options exercised was $74. For the three month and six month periods ended June&#160;30, 2011 no options were exercised. </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The status of the Company&#8217;s stock option plans at June&#160;30, 2012 is summarized in the following: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Number of</b></font><br /><font style="font-family:times new roman" size="1"><b>Shares</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /><font style="font-family:times new roman" size="1"> <b>Exercise</b></font><br /><font style="font-family:times new roman" size="1"><b>Price per</b></font><br /><font style="font-family:times new roman" size="1"><b>Share</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /><font style="font-family:times new roman" size="1"> <b>Remaining</b></font><br /><font style="font-family:times new roman" size="1"><b>Contractual</b></font><br /><font style="font-family:times new roman" size="1"><b>Term in</b></font><br /><font style="font-family:times new roman" size="1"> <b>Years</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Aggregate</b></font><br /><font style="font-family:times new roman" size="1"><b>Intrinsic</b></font><br /><font style="font-family:times new roman" size="1"> <b>Value</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at December&#160;31, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,057,104</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.35</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Granted</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">350,563</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.93</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Exercised</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,123</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Forfeited or expired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(159,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.12</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at June&#160;30, 2012</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,195,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.18</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.0</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">211</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Vested and exercisable at June&#160;30, 2012</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,562,681</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.01</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.4</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">149</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom">&#160;<font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" rowspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Number<br />Outstanding</b></font></td> <td valign="bottom" rowspan="2"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" rowspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Options&#160; Outstanding<br />Weighted-</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /><font style="font-family:times new roman" size="1"><b>Remaining<br />Contractual</b></font><br /><font style="font-family:times new roman" size="1"> <b>Life</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" rowspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /> <font style="font-family:times new roman" size="1"><b>Exercise</b></font><br /><font style="font-family:times new roman" size="1"><b>Price</b></font></td> <td valign="bottom" rowspan="2"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Options Exercisable</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:84pt"><font style="font-family:times new roman" size="1"><b>Range of Exercise Prices</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Number<br />Exercisable</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted-<br />Average</b></font><br /><font style="font-family:times new roman" size="1"><b>Exercise</b></font><br /> <font style="font-family:times new roman" size="1"><b>Price</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$.01-$1.00</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">43,329</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0.6&#160;years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">43,329</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$1.01-$4.50</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,696,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">7.4 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.58</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,346,152</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.63</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$4.51-$11.11</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">455,475</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">6.2 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.70</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">173,200</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.73</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$.01-$11.11</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,195,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">7.0 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.18</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,562,681</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.01</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">As of June&#160;30, 2012, of the total 2,195,306 options outstanding, 632,625 have not vested. Of this total unvested amount, 235,425 options will vest upon the attainment of certain milestones, and the balance will vest over the requisite service period. The weighted average vesting period for the non-milestone, non-vested awards not yet recognized is 1.9 years. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">As of June&#160;30, 2012, of the $986 of total unrecognized compensation cost related to unvested options to be recognized, $433 is to be recognized over a period to be determined by performance-based milestones, and $553 is to be recognized over the requisite service period through 2016. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">As of June&#160;30, 2012, there were 1,462,639 shares available for future grants under the Company&#8217;s 2005 Plan. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 8 - us-gaap:CommitmentsAndContingenciesDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>8. COMMITMENTS, CONTINGENCIES and LITIGATION </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company is obligated under a non-cancelable operating lease for office, lab, and manufacturing space expiring December 2016. The lease is subject to escalations for increases in operating expenses. The approximate aggregate minimum future payments due under this lease are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="89%">&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font style="font-family:times new roman" size="1"><b>Year ended December&#160;31,</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td colspan="2" valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr> <td height="8">&#160;</td> <td height="8" colspan="4">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2012 Remaining six months</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">216</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2013</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">461</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2014</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2015</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2016</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,111</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Rental payments are recognized as rent expense on a straight-line basis over the term of the lease. In April 2012, the Company entered into an agreement, effective May&#160;1, 2012, which amended the existing lease for laboratory, assembly and office space which runs through December 2016. This amendment increases the previously leased space by 1,700 square feet at an annual rental of $22. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">ASKION GmbH (&#8220;ASKION&#8221;), located in Gera Germany, which specializes in precision optics, is an integral member of the MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> manufacturing and development team. ASKION produced the MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> hand-held devices used in our pivotal clinical trials. In January of 2012, the Company entered into an expanded manufacturing agreement with ASKION to continue developmental engineering, production and testing of our hand-held device, and to assemble and test the integrated finished MelaFind<font style="font-family:times new roman" size="1"><sup> &reg;</sup></font> system to be placed within the European Union. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> The Company, primarily through ASKION, engages Carl Zeiss Jena GmbH (&#8220;Zeiss&#8221;) to build the lenses and assemblies, as well as provide certain technical consulting, for the MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> units that had been used in the Company&#8217;s clinical trials and the commercial units currently being manufactured. This work is expected to continue on commercial MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> units beyond 2012. </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">In addition, we are utilizing Nexcore Technology Inc., an FDA GMP compliant and ISO 9001 certified and ISO 13485 original equipment manufacturer of medical devices in New Jersey, to provide the assembled and tested MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> systems for installation in the U.S. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company has an employment agreement with its President and Chief Executive Officer, Dr.&#160;Gulfo, which provides for an annual base salary, stock options and discretionary performance bonuses. The agreement, which provides for automatic one-year renewal terms, currently runs through the end of 2012. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On November&#160;19, 2010, a purported securities class action complaint was filed in the U.S. District Court for the Southern District of New York, naming as defendants the Company and certain of its officers and directors, entitled <i>Randall J. Pederson, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, </i>No.&#160;7:10-cv-08774-JFM. Two similar complaints were also filed, one on December&#160;2, 2010 and the other on January&#160;20, 2011, in the same District Court, entitled <i>Amy Steigman, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman</i>, No.&#160;7:10-cv-09024-JFM; and <i>Martin Slove and Linda Slove, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, </i>No.&#160;1:11 cv-00429-JFM. These three securities class actions were consolidated into one action on February&#160;15, 2011, entitled <i>In re MELA Sciences, Inc. Securities Litigation</i>, No.&#160;10-Civ-8774-JFM (&#8220;securities class action&#8221;). </font></p> <p style="margin-top:12px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">The securities class action plaintiffs assert violations of the Securities Exchange Act of 1934, alleging, among other things, that defendants made misstatements and omissions regarding the Company&#8217;s product, MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font>, and its prospects for FDA approval, on behalf of stockholders who purchased the Company&#8217;s common stock during the period from February&#160;13, 2009 through November&#160;16, 2010, and seek unspecified damages. On May&#160;2, 2011, the securities class action plaintiffs filed their amended consolidated complaint, alleging similar claims to their prior complaints. On July&#160;29, 2011, defendants filed a motion to dismiss the consolidated amended complaint in its entirety. Plaintiff&#8217;s opposition to the motion to dismiss was filed on September&#160;23, 2011. In light of the Company&#8217;s receipt of the Approvable Letter from the FDA for the MelaFind<font style="font-family:times new roman" size="1"><sup> &reg;</sup></font> PMA Application on September&#160;22, 2011, the parties filed a stipulation on October&#160;19, 2011 in which plaintiff stated its intention to file a motion seeking leave to amend its complaint. Defendants withdrew the outstanding motion to dismiss the current Amended Complaint without prejudice to renew it at a later date.&#160;On November&#160;18, 2011, plaintiffs filed their motion for leave to amend the consolidated amended complaint.&#160;On December&#160;18, 2011, defendants filed an opposition to plaintiff&#8217;s motion for leave to amend the consolidated amended complaint.&#160;On February&#160;8, 2012, plaintiffs filed their reply to defendants&#8217; opposition to the motion. On March&#160;16, 2012, plaintiffs filed a revised proposed second amended complaint.&#160;On March&#160;30, 2012, defendants filed a surreply in further opposition to the motion.&#160;On April&#160;16, 2012, plaintiffs filed a surreply in further support of the motion. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company believes that it has meritorious defenses and intends to vigorously defend against the securities class action; however, as with any litigation, we cannot predict with any degree of certainty the eventual outcome of this litigation. An adverse outcome could have a material adverse effect on our business and our business could be materially harmed. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">From time to time, we may be a party to certain legal proceedings, incidental to the normal course of our business. These may include controversies relating to contract claims and employment related matters, some of which claims may be material in which case we will make separate disclosure as required. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 9 - us-gaap:StockholdersEquityNoteDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>9. STOCKHOLDERS&#8217; EQUITY </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In May 2009, the Company entered into a committed equity financing facility (&#8220;CEFF&#8221;) with Kingsbridge Capital Limited, pursuant to which Kingsbridge committed to purchase from time to time at the Company&#8217;s sole discretion, up to the lesser of $45 million or 3,327,000 shares of the Company&#8217;s common stock, prior to May&#160;25, 2012. In connection with this CEFF, the Company issued a 5 year warrant, exercisable as of November&#160;7, 2009, to Kingsbridge to purchase up to 200,000 shares of the Company&#8217;s common stock at an exercise price of $11.35 per share. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The CEFF terminated in May 2012 with 1,095,315 shares of common stock remaining unsold. Legal, accounting, and other costs associated with this agreement approximating $62 have been charged to operations in the quarter ended June&#160;30, 2012 as the CEFF expired. The 200,000 warrants held by Kingsbridge remain outstanding and, if not exercised, will expire in May 2014. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In May 2010, the Company filed a Form S-3 shelf registration statement for an indeterminate number of shares of common stock, warrants to purchase shares of common stock and units consisting of a combination thereof having an aggregate initial offering price not to exceed $75&#160;million. The registration statement was declared effective by the SEC on June&#160;1, 2010. On June&#160;30, 2010, the Company entered into an underwriting agreement, relating to the public offering of 2,200,000 shares of the Company&#8217;s common stock, at a price to the public of $7.50 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company&#8217;s Prospectus dated June&#160;1, 2010 and the Company&#8217;s Prospectus Supplement filed with the SEC on June&#160;30, 2010, in connection with a takedown from the Company&#8217;s effective shelf registration statement. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> On December&#160;15, 2011, the Company entered into an underwriting agreement, relating to the public offering of 5,000,000 shares of the Company&#8217;s common stock, at a price to the public of $3.25 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company&#8217;s Prospectus dated June&#160;1, 2010 and the Company&#8217;s Prospectus Supplement filed with the SEC on December&#160;16, 2011, in connection with a takedown from the Company&#8217;s effective shelf registration statement. The gross proceeds to the Company from the sale of the common stock totaled approximately $16.3 million. After deducting the underwriters&#8217; discounts and commissions and other offering expenses payable by the Company, net proceeds were approximately $15 million. This offering closed on December&#160;21, 2011. Approximately $42.2 million remained available under the Company&#8217;s 2010 shelf registration at December&#160;31, 2011. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">On June&#160;15, 2012 the Company entered into a sales agreement with Cowen and Company, LLC to sell shares of its common stock with aggregate gross proceeds of up to $20 million, from time to time, through an ATM Program. The common stock was offered and will be sold pursuant to the Company&#8217;s Prospectus dated June&#160;1, 2010 and the Company&#8217;s Prospectus Supplement filed with the SEC on June&#160;15, 2012, in connection with a takedown from the Company&#8217;s effective shelf registration statement, leaving $22.2 million available under the shelf registration. There were no shares of Company common stock sold through this ATM Program as of June&#160;30, 2012. During July 2012, there were 187,102 shares of Company common stock sold through the ATM for gross proceeds of approximately $0.7 million. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">As of June&#160;30, 2012, the Company had 45,000,000 shares of $0.001 par value common stock authorized and 30,332,217 shares issued and outstanding; and had 10,000,000 shares of $0.10 par value preferred stock authorized with no preferred shares issued and outstanding. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 10 - mela:ScheduleOfStockholdersEquityNoteWarrantsTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>10. WARRANTS </b></font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="73%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Issued</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Issued</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td colspan="2" valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2007</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2009</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Total</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr> <td height="8">&#160;</td> <td height="8" colspan="4">&#160;</td> <td height="8" colspan="4">&#160;</td> <td height="8" colspan="4">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at December&#160;31, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">346,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">200,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at June&#160;30, 2012</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">346,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">200,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In connection with the Company&#8217;s private placement in August 2007, the Company issued 5-year warrants to purchase up to 500,041 shares of the Company&#8217;s common stock. At June&#160;30, 2012, 346,781 of the 2007 warrants were outstanding and exercisable at a price of $8.00 per share. At August&#160;3, 2012, 60 months from their effective date, all 346,781 of the outstanding 2007 warrants expired. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In addition, in connection with the May&#160;7, 2009 CEFF with Kingsbridge Capital, the Company issued a 5-year warrant to Kingsbridge to purchase up to 200,000 shares of the Company&#8217;s common stock at an exercise price of $11.35 per share. These 200,000 warrants are outstanding at June&#160;30, 2012 and, if not exercised, will expire in May of 2014. </font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">No warrants were exercised during the three and six month periods ended June&#160;30, 2012 and June&#160;30, 2011, respectively. </font></p> <p style="font-size:1px;margin-top:18px;margin-bottom:0px">&#160;</p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 11 - us-gaap:RelatedPartyTransactionsDisclosureTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>11. RELATED PARTY CONSULTING AGREEMENTS </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The Company has in place the following consulting agreements with related parties: </font></p> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Consulting Agreement with Breaux Castleman </b></font></p> <p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2"> In June 2003, the Company entered into a consulting agreement with Breaux Castleman, a former member and the former Chairman of the Company&#8217;s Board of Directors, for consulting services related to the FDA approval of MelaFind<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font> PMA application and the Company&#8217;s business and financial strategy. Under this agreement, Mr.&#160;Castleman received compensation for each month of services rendered. The Company made payments pursuant to this consulting agreement of $6 and $12 in the three and six month periods ended June&#160;30, 2011. This consulting agreement was terminated in December 2011 at the time of Mr.&#160;Castleman&#8217;s resignation from the Company&#8217;s Board of Directors. </font></p> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Consulting Agreement with Gerald Wagner, Ph.D </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2"> In January 2007, Dr.&#160;Wagner, Ph.D., a former member of the Company&#8217;s Board of Directors, entered into an amended and restated consulting contract with the Company for consulting services related to the Company&#8217;s operations. Under the terms of the amended contract, Dr.&#160;Wagner is paid a monthly retainer of $2.5 and will be paid $2.5 for each additional consulting day. This amended agreement may terminate at the option of Dr.&#160;Wagner or the Company at any time, by providing fifteen days&#8217; prior written notice, or immediately upon the mutual agreement of the Company and Dr.&#160;Wagner. The Company paid consulting costs pursuant to this agreement of $7.5 and $15 in the three and six month periods ended June&#160;30, 2012 and June&#160;30, 2011, respectively. Dr.&#160;Wagner resigned from the Company&#8217;s Board of Directors in December 2011, with his consulting contract remaining in effect. </font></p> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>Consulting Agreement with Anne Egger </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In March 2009, the Company entered into a consulting agreement with Anne Egger for certain consulting services primarily focusing on physician advocacy. The agreement was for an initial term of three months, and has subsequently been extended to run through September 2012, and may be terminated by either party with 30 days&#8217; notice. Under the terms of the agreement, Ms.&#160;Egger is entitled to receive a consulting fee of $1.6 per day. The Company did not pay any amount to Ms.&#160;Egger for consulting in the three and six month periods ended June&#160;30, 2012 and June&#160;30, 2011, respectively. Ms.&#160;Egger was appointed to the Company&#8217;s Board of Directors in June 2009. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 12 - us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>12. OTHER INCOME </b></font></p> <p style="margin-top:6px;margin-bottom:0px;padding-bottom:0px;"><font style="font-family:times new roman" size="2">During April 2005, the Company discontinued all operations associated with its DIFOTI<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font> product in order to focus its resources and attention on the development and commercialization of MelaFind<font style="font-family:times new roman" size="1"> <sup>&reg;</sup></font>. During December 2006, the Company entered into a sale and exclusive licensing agreement with KaVo Dental GmbH (&#8220;KaVo&#8221;), a leading dental equipment manufacturer, which provides for KaVo to further develop and commercialize DIFOTI<font style="font-family:times new roman" size="1"><sup>&reg;</sup></font>. Beginning in July 2008, KaVo is required to pay to the Company a royalty stream based upon the worldwide aggregate net sales of the licensed product, as defined in the license agreement, or a set minimum. During the three and six months ended June&#160;30, 2012 and June&#160;30, 2011, respectively, the Company earned $5 and $10 as the pro-rated portion of the minimum royalty as KaVo has not re-launched the product as of June&#160;30, 2012. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note 13 - us-gaap:SubsequentEventsTextBlock--> <p style="margin-top:18px;margin-bottom:0px"><font style="font-family:times new roman" size="2"><b>13. SUBSEQUENT EVENTS </b></font></p> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">During July 2012, 187,102 shares of Company common stock, for gross proceeds of approximately $0.7 million, were sold through the Company&#8217;s ATM Program. Approximately $19.3 million remains available under the ATM Program as of July&#160;31, 2012. The Company had 30,519,319 shares of common stock issued and outstanding as of July&#160;31, 2012. </font></p> <p style="font-size:1px;margin-top:12px;margin-bottom:0px">&#160;</p> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In connection with the Company&#8217;s private placement in August 2007, the Company issued 5-year warrants to purchase up to 500,041 shares of the Company&#8217;s common stock. At June&#160;30, 2012, there were 346,781 of the 2007 warrants outstanding and exercisable at a price of $8.00 per share. On August&#160;3, 2012, 5 years after their effective date, all 346,781 of the 2007 outstanding warrants expired. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: mela-20120630_note3_accounting_policy_table1 - us-gaap:InventoryRawMaterialsPolicy--> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">Inventories are stated at the lower of cost (first-in, first-out) or market value. Inventory costs only include material purchases as the Company does not manufacture its products. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Accounting Policy: mela-20120630_note5_accounting_policy_table1 - us-gaap:NewAccountingPronouncementsPolicyPolicyTextBlock--> <p style="margin-top:6px;margin-bottom:0px"><font style="font-family:times new roman" size="2">In June, 2011, the FASB issued Accounting Standard Update No 2011-05 &#8220;Presentation of Comprehensive Income&#8221; (ASU 2011-05). Under ASU 2011-05, an entity has the option to present the total of comprehensive income either in a single continuous statement of comprehensive income or in two separate but continuous statements of income and comprehensive income. The option of presentation of the components of other comprehensive income as part of the statement of change in the stockholders&#8217; equity has been eliminated. This update was applied retrospectively and was effective for the Company for the fiscal year beginning January&#160;1, 2012. For the periods ended June&#160;30, 2011 and June&#160;30, 2012, comprehensive loss was equal to net loss as the Company had no other comprehensive income or loss to report in either period. </font></p> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: mela-20120630_note6_table1 - mela:ScheduleOfStockOptionsAndWarrantsTableTextBlock--> <p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:times new roman" size="2"> Potential common stock equivalents excluded consist of stock options and warrants which are summarized as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="76%">&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="3%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>June&#160;30,</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2011</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Common stock options</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,195,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,107,429</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Warrants</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Total</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,742,087</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,654,210</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: mela-20120630_note7_table1 - us-gaap:ScheduleOfShareBasedPaymentAwardEmployeeStockPurchasePlanValuationAssumptionsTableTextBlock--> <p style="margin-top:0px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The fair value of each option award granted is estimated on the date of grant using the Black-Scholes option valuation model and assumptions as noted in the following table: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="76%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="62%">&#160;</td> <td valign="bottom" width="11%">&#160;</td> <td>&#160;</td> <td valign="bottom" width="11%">&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>For&#160;the&#160;Six&#160;Months</b></font><br /><font style="font-family:times new roman" size="1"><b>Ended&#160; June&#160;30,&#160;2012</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>For&#160;the&#160;Six&#160;Months</b></font><br /><font style="font-family:times new roman" size="1"><b>Ended&#160; June&#160;30,&#160;2011</b></font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected life</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">6.5 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">6.5 years</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Expected volatility</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">73.55-79.68%</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">70.54-76.32%%</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Risk-free interest rate</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0.93-1.60%</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">2.47-3.34%</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Dividend yield</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0%</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0%</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: mela-20120630_note7_table2 - us-gaap:ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock--> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:times new roman" size="2">The status of the Company&#8217;s stock option plans at June&#160;30, 2012 is summarized in the following: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="92%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="64%">&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="5%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Number of</b></font><br /><font style="font-family:times new roman" size="1"><b>Shares</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /><font style="font-family:times new roman" size="1"> <b>Exercise</b></font><br /><font style="font-family:times new roman" size="1"><b>Price per</b></font><br /><font style="font-family:times new roman" size="1"><b>Share</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /><font style="font-family:times new roman" size="1"> <b>Remaining</b></font><br /><font style="font-family:times new roman" size="1"><b>Contractual</b></font><br /><font style="font-family:times new roman" size="1"><b>Term in</b></font><br /><font style="font-family:times new roman" size="1"> <b>Years</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Aggregate</b></font><br /><font style="font-family:times new roman" size="1"><b>Intrinsic</b></font><br /><font style="font-family:times new roman" size="1"> <b>Value</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at December&#160;31, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,057,104</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.35</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.6</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Granted</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">350,563</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.93</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Exercised</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(53,123</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Forfeited or expired</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">(159,238</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">)&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.12</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">&#8212;&#160;&#160;</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at June&#160;30, 2012</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,195,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.18</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.0</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">211</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Vested and exercisable at June&#160;30, 2012</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,562,681</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.01</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.4</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">149</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: mela-20120630_note7_table3 - us-gaap:DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock--> <table cellspacing="0" cellpadding="0" width="100%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="54%">&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="4%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom">&#160;<font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" rowspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Number<br />Outstanding</b></font></td> <td valign="bottom" rowspan="2"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" rowspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Options&#160; Outstanding<br />Weighted-</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /><font style="font-family:times new roman" size="1"><b>Remaining<br />Contractual</b></font><br /><font style="font-family:times new roman" size="1"> <b>Life</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" rowspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted</b></font><br /><font style="font-family:times new roman" size="1"><b>Average</b></font><br /> <font style="font-family:times new roman" size="1"><b>Exercise</b></font><br /><font style="font-family:times new roman" size="1"><b>Price</b></font></td> <td valign="bottom" rowspan="2"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="6" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Options Exercisable</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom" nowrap="nowrap"> <p style="border-bottom:1px solid #000000;width:84pt"><font style="font-family:times new roman" size="1"><b>Range of Exercise Prices</b></font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Number<br />Exercisable</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Weighted-<br />Average</b></font><br /><font style="font-family:times new roman" size="1"><b>Exercise</b></font><br /> <font style="font-family:times new roman" size="1"><b>Price</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$.01-$1.00</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">43,329</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">0.6&#160;years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">43,329</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1.00</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$1.01-$4.50</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,696,502</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">7.4 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.58</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,346,152</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">3.63</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$4.51-$11.11</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">455,475</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">6.2 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">6.70</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">173,200</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">7.73</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">$.01-$11.11</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,195,306</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" align="center"><font style="font-family:times new roman" size="2">7.0 years</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.18</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">1,562,681</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">4.01</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: mela-20120630_note8_table1 - mela:ScheduleOfApproximateAggregateMinimumFuturePaymentsTableTextBlock--> <p style="margin-top:6px;margin-bottom:0px"> <font style="font-family:times new roman" size="2"> The approximate aggregate minimum future payments due under this lease are as follows: </font></p> <p style="font-size:12px;margin-top:0px;margin-bottom:0px">&#160;</p> <table cellspacing="0" cellpadding="0" width="68%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="89%">&#160;</td> <td valign="bottom" width="6%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font style="font-family:times new roman" size="1"><b>Year ended December&#160;31,</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td colspan="2" valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr> <td height="8">&#160;</td> <td height="8" colspan="4">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2012 Remaining six months</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">216</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2013</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">461</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2014</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2015</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">2016</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">478</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top">&#160;</td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">$</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">2,111</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> <!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --> <!-- Begin Block Tagged Note Table: mela-20120630_note10_table1 - mela:ScheduleOfWarrantsIssuedTableTextBlock--> <table cellspacing="0" cellpadding="0" width="84%" border="0" style="border-collapse:collapse; text-align: left" align="center"> <!-- Begin Table Head --> <tr> <td width="73%">&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> <td valign="bottom" width="2%">&#160;</td> <td>&#160;</td> <td>&#160;</td> <td>&#160;</td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Issued</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Issued</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td colspan="2" valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <tr> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2007</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>2009</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom" colspan="2" align="center" style="border-bottom:1px solid #000000"><font style="font-family:times new roman" size="1"><b>Total</b></font></td> <td valign="bottom"><font size="1">&#160;</font></td> </tr> <!-- End Table Head --> <!-- Begin Table Body --> <tr> <td height="8">&#160;</td> <td height="8" colspan="4">&#160;</td> <td height="8" colspan="4">&#160;</td> <td height="8" colspan="4">&#160;</td> </tr> <tr bgcolor="#cceeff"> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at December&#160;31, 2011</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">346,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">200,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:1px solid #000000">&#160;</p> </td> <td>&#160;</td> </tr> <tr> <td valign="top"> <p style="margin-left:1.00em; text-indent:-1.00em"><font style="font-family:times new roman" size="2">Outstanding at June&#160;30, 2012</font></p> </td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">346,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">200,000</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom"><font size="1">&#160;</font></td> <td valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> <td valign="bottom" align="right"><font style="font-family:times new roman" size="2">546,781</font></td> <td nowrap="nowrap" valign="bottom"><font style="font-family:times new roman" size="2">&#160;</font></td> </tr> <tr style="font-size:1px"> <td valign="bottom">&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> <td valign="bottom">&#160;</td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td valign="bottom"> <p style="border-top:3px double #000000">&#160;</p> </td> <td>&#160;</td> </tr> <!-- End Table Body --> </table> false --12-31 Q2 2012 2012-06-30 10-Q 0001051514 30519319 Accelerated Filer MELA SCIENCES, INC. /NY 2.5 42200000 22200000 12 15 6 7.5 15 7.5 P2Y 25262538 25262538 30323061 30332217 3327000 45000000 187102 1095315 Up to 10 years 16300000 20000000 700000 75000000 1700 62 2.5 15000000 0 0 0 0 7.50 3.25 2200000 5000000 522014 19300000 200000 200000 11.35 11.35 8.00 632625 553000 P60M 500041 500041 62391 670950 1328742 36027 50000 68360 745754 976775 149304424 150057460 2654210 2107429 546781 2742087 2195306 546781 31393309 21900999 29058421 18417375 30520812 20942709 27996871 17211098 -9578103 -10785773 8.00 200000 346781 0.001 45000000 30307538 30332217 187102 30519319 30307538 30332217 30519319 30308 30332 502458 372048 62391 144199 138216 140994 47334 40640 283785 330395 -0.39 -0.19 -0.37 -0.18 0 0 33000 0 P1Y10M24D 986000 433000 734000 28000 564000 13000 774000 345000 426000 199000 4601179 2208059 6746066 3528575 -415451 -296291 -419525 888813 68360 16956 2778 87974 383181 6751 -647 12277 410357 -306814 59208 53258 473454 34465 13934 22405 9021 1585913 2577755 31393309 21900999 1447697 2396121 138216 181634 -165632 -30811 -1390572 -9547292 -9229569 -9751726 -4809657 -11237212 -5484187 -9797861 -4828613 -11269613 -5498204 2111000 216000 478000 478000 478000 461000 22000 586498 71235 30993 43270 11670 5022 9996 4996 1.6 198942 30811 1390572 0.10 10000000 0 0 1061550 664463 20000000000 700000 33310 1626791 3214932 2011-12-01 5196682 2620554 4108096 1673338 -119527336 -130764548 87007 75757 10 5 10 5 734222 774493 P5Y P5Y P5Y 2014-05-01 0.00 0.00 P6Y6M P6Y6M 0.7632 0.7968 0.7054 0.7355 0.0334 0.0160 0.0247 0.0093 546781 200000 346781 546781 200000 346781 1462639 149 1562681 4.01 P6Y4M24D 0 0 74000 0 -159238 6.12 350563 2.20 2.18 2.68 2.71 211 2057104 2195306 2195306 4.35 4.18 P6Y7M6D P7Y 235425 3.93 4.01 1.00 7.73 3.63 0.01 0.01 4.51 1.01 1.00 1562681 43329 173200 1346152 2195306 2195306 43329 455475 1696502 4.18 1.00 6.70 3.58 P7Y P7M6D P6Y2M12D P7Y4M24D 11.11 1.00 11.11 4.50 11.11 29807396 19323244 -53123 EX-101.SCH 6 mela-20120630.xsd XBRL TAXONOMY EXTENSION SCHEMA 0403 - Disclosure - Inventories (Policies) link:presentationLink link:calculationLink link:definitionLink 0120 - Statement - Condensed Statements of Operations (Unaudited) link:presentationLink link:calculationLink link:definitionLink 0613 - Disclosure - Subsequent Events (Details) link:presentationLink link:calculationLink link:definitionLink 0612 - Disclosure - Other Income (Details) link:presentationLink link:calculationLink link:definitionLink 0611 - Disclosure - Related Party Consulting Agreements (Details) link:presentationLink link:calculationLink link:definitionLink 06101 - Disclosure - Warrants (Details Textual) link:presentationLink link:calculationLink link:definitionLink 0610 - Disclosure - Warrants (Details) link:presentationLink link:calculationLink link:definitionLink 0609 - Disclosure - Stockholders' Equity (Details) link:presentationLink link:calculationLink link:definitionLink 06081 - Disclosure - Commitments, Contingencies and Litigation (Details Textual) link:presentationLink link:calculationLink link:definitionLink 0608 - Disclosure - Commitments, Contingencies and Litigation (Details) link:presentationLink link:calculationLink link:definitionLink 06073 - Disclosure - Stock Based Compensation (Details Textual) link:presentationLink link:calculationLink link:definitionLink 06072 - Disclosure - Stock Based Compensation (Details 2) link:presentationLink link:calculationLink link:definitionLink 06071 - Disclosure - Stock Based Compensation (Details 1) link:presentationLink link:calculationLink link:definitionLink 0607 - Disclosure - Stock Based Compensation (Details) link:presentationLink link:calculationLink link:definitionLink 0606 - Disclosure - Net Loss Per Common Share (Details) link:presentationLink link:calculationLink link:definitionLink 0602 - Disclosure - Revenue Recognition (Details) link:presentationLink link:calculationLink link:definitionLink 0601 - Disclosure - Organization and Basis of Presentation (Details) link:presentationLink link:calculationLink link:definitionLink 0510 - Disclosure - Warrants (Tables) link:presentationLink link:calculationLink link:definitionLink 0508 - Disclosure - Commitments, Contingencies and Litigation (Tables) link:presentationLink link:calculationLink link:definitionLink 0507 - Disclosure - Stock-Based Compensation (Tables) link:presentationLink link:calculationLink link:definitionLink 0506 - Disclosure - Net Loss Per Common Share (Tables) link:presentationLink link:calculationLink link:definitionLink 0405 - Disclosure - Recent Accounting Pronouncements (Policies) link:presentationLink link:calculationLink link:definitionLink 00 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 0110 - Statement - Condensed Balance Sheets link:presentationLink link:definitionLink link:calculationLink 0111 - Statement - Condensed Balance Sheets (Parenthetical) link:presentationLink link:definitionLink link:calculationLink 0130 - Statement - Condensed Statements of Cash Flows (Unaudited) link:presentationLink link:definitionLink link:calculationLink 0201 - Disclosure - Organization and Basis of Presentation link:presentationLink link:definitionLink link:calculationLink 0202 - Disclosure - Revenue Recognition link:presentationLink link:definitionLink link:calculationLink 0203 - Disclosure - Inventories link:presentationLink link:definitionLink link:calculationLink 0204 - Disclosure - Use of Estimates link:presentationLink link:definitionLink link:calculationLink 0205 - Disclosure - Recent Accounting Pronouncements link:presentationLink link:definitionLink link:calculationLink 0206 - Disclosure - Net Loss Per Common Share link:presentationLink link:definitionLink link:calculationLink 0207 - Disclosure - Stock-Based Compensation link:presentationLink link:definitionLink link:calculationLink 0208 - Disclosure - Commitments, Contingencies and Litigation link:presentationLink link:definitionLink link:calculationLink 0209 - Disclosure - Stockholders' Equity link:presentationLink link:definitionLink link:calculationLink 0210 - Disclosure - Warrants link:presentationLink link:definitionLink link:calculationLink 0211 - Disclosure - Related Party Consulting Agreements link:presentationLink link:definitionLink link:calculationLink 0212 - Disclosure - Other Income link:presentationLink link:definitionLink link:calculationLink 0213 - Disclosure - Subsequent Events link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 7 mela-20120630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 8 mela-20120630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 9 mela-20120630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE EX-101.PRE 10 mela-20120630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 11 R39.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events (Details) (USD $)
1 Months Ended 6 Months Ended
Jul. 31, 2012
Aug. 31, 2007
Jun. 30, 2012
Dec. 31, 2011
Subsequent Events (Textual) [Abstract]        
Proceeds from issue of common stock through ATM program     $ 20,000,000,000  
Remaining Available Common Stock under the ATM Program 19,300,000      
Subsequent Events (Additional Textual) [Abstract]        
Common stock, shares issued 30,519,319   30,332,217 30,307,538
Common stock, shares outstanding 30,519,319   30,332,217 30,307,538
Warrants Issued to purchase common stock   500,041    
Exercise Price of warrants outstanding     8.00  
Contractual Term of Warrant     5 years  
Issued On 2007 [Member]
       
Subsequent Events (Textual) [Abstract]        
Warrants Outstanding Issued During 2007     346,781  
Subsequent Events (Additional Textual) [Abstract]        
Warrants Issued to purchase common stock   500,041    
Atm Program [Member]
       
Subsequent Events (Textual) [Abstract]        
Number of common stock issued through company ATM program 187,102      
Proceeds from issue of common stock through ATM program $ 700,000      
Subsequent Events (Additional Textual) [Abstract]        
Common stock, shares issued     187,102  
XML 12 R33.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments, Contingencies and Litigation (Details Textual) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Apr. 30, 2012
sqft
Commitments, Contingencies and Litigation (Textual)[Abstract]    
Increase in leased space   1,700
Annual rental of lease $ 22  
ZIP 13 0001193125-12-340701-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-12-340701-xbrl.zip M4$L#!!0````(`.U[!T&_WX3:RUT``%\_!``1`!P`;65L82TR,#$R,#8S,"YX M;6Q55`D``PUM(5`-;2%0=7@+``$$)0X```0Y`0``[%U;4QO)DG[?B/T/==@3 M$YX(7<'8,X#GA`RR#W/,91'LS.X+4>HN277X7><\-W*MBN]IVH^W.W?9UQ(">V+S;&J5ILM=L3B:3!AYN M*#UL;K=:.TT9FY3'@=BR5^Y%,O[\P.5XN@_/\Y??WKM^LD-7MW_^^>;[??/D2YO<+?`,(=#9L+BA?/&;ICV97VKD+*G`E>WF[R>?>L%( MC'G][@-"<6=U(X+&4-TTX<0,^K-4SZ7^YR:B&M!_G6HQ@F3_MW@H=2"/.M0P$<=ZYE6;K%Y3O'GT&0=AG'S1GDE0P MT:QR<="L".P@$5JJL,1SRG5Z!#'E%V\UK3:LD1_-+Q1Q6+KL37VGA4N'I8L. MFJ7%#YI.S5^O<[`ML=$Z:1U%\5?1^UF\T3I]!D&LO\Y/1>KT_E?7.4B"#JV- MSM_S"*%*QYP--@E]Z0G=(L6THD=_;(%ZW"3I)23IY>ARDWB?.O$^M1XWR70Y MR71Q>KRDT`Z;J,HZX1*+T0K77T\1A.'^XQ*[E]G$Z_IHGHY!. M^?C.@TF:96'B9)7QOS^@N8 MU^.Z$$^P<;&QK;6SK:?NQ[YLPU@C]3Q046UT]-*JEP?@Y4:9:P/E-JI<#]@$ M[(YEFH)NNW]D0/#U!QG#93(>OA!5]D20:9E*87+*+S4'!=(T:ZDSF7-J&:$/`]=!?B)_-J4,<$VO3')NK+9OP[(B# M>=DZ*PUK/+)L?+F*:V_<;!7!R!=PY<;-5E5Q,U'D*F7KIQB6627^OG,\`8.7:&JVWI^H&WW'>M*.>O!W5^KF.&/#M8O1VPJ>DM\UP MXY-KK;7['5J[FPA_S:*5`.YW$\;;QR6,MPM*&.U=/U;=&XEH<'TAAM*DVNYG M]%)8'+7U0JSWT:&'>"VSFG.ZG.'J]NXB>^&MC>Z6H[O6DVWR7P!GF///P>VG M+T1CCF8BN:0J\WY:/E-^=[%T>&TV^^=_6<1&I2^TD?[`_,9&J6LWQ[%1Z4OM MQ,\-O9L:>FUB<17O=A*]$D5;M0GT>D%-H/:N-^!..KX^UVJH^7C=+!98M_W-V&5^J_'9L?-*O9"S6M)XWD[(RLEB"2V$!UKR'Y0>"WU] M)+4(4J5?2&3[ZLZ09=-SN?YM^8U:7W(U\$!K?J/8E]R>?T"Q[Q77X34`4,^T M\;H^''&)WP"PKKHFSL\&.=^6;<_UVNA^[M;,QJ77<'MFX]#/Z]#/]J+UIO.S MH,;`XK\*=Z.:1:CFJ;XW=1,OGRU>/L<>QZI,)E>#SMOOL.Q?>8QR)&,&HP9) MU5>"PR6I^F_U^E4L\]^7\S\OE^$Q%,]YID4NB['@!C[_0K_DMY?`GP=-?\RN MC??=6>&J=]0]O\K7".4-R*(@'Z\[S<;XDXRJ\DUH?F'WPX-[L$[U:9:UV??3 MLD__^@V:)_/G<]E:06ZLS0]]&MTB&>W]DL"0$?97> MLY,LU7OFCT'Z""NQ7Y,WQ])F43U/^O>6F"O1\@KX4XO=B.8'[OW4(OWHIQC* MF+V/5/"97?+A4(3L5*4BO\9GD3,]Y+'\D[:Z#R%[J$B&]*$3A^?``ZQ/'\\& M#AKP*!]<,$?2!)%"^B[!/^W#G+->X"]%S@U5/T3I/E!Y='9X^;_G739*QQ$[ MOWK_Z?B0;=6;S=]V#IO-H\LC]OL_+T\^L7:CQ2C#2:2$1\UF]W2+S?CYS,N+ MYBVNU<:;W9_UM'1G(TS#+9#!#\-TGZ3N")DKKC:KLZ<2U0PRT'IJL9E%H3UU M>_?4`,3-3#J-(*SCW_4!'\MHNI<"8#`L%A.F%63W+6;DGW#)]A;>C3?V_1_- MXB]<8-57S^]>`@/Y,@\](O'KC[D&(ZJG*MEK;R>W^^YS7Z6I&N^UDMM\\>^C MJMU@9QY/#X[99W3(_:^TSONL;,/[/RBV^N>7MHSY6. M!/N!CY/]__II>[NUCX,Z/)[F1]K[/]:8-'#[6(0RX!$+Q8T,-A4K(DO1E.DC?,4!!&=]P(V]$C25*PO/4H!Z@!;V2I&T6 M*JQ[O+&TW^X;$-T`S.-'AE!<9R3-5#$N0^;O$:G+KB!E!&``./@"^/P&>0\$ M3R%_(+(ITR,96I81+\*C@1G42J32+`)!W,1\1`*8F0P MX`DN!67E4*;H)3SE;`!DLB"2,3I.-"4*>3I-R(\2264?N([Y#**)!!:CIL$N M449X-PH:!(;6R:/IGW!AEDIP*8@5S*AD)$T*"^$"`;X6"Y5%8+V-1T.E93H: M@_/GNGFS#VE;QB(L:0N=%NT-W#'14D!A,:5'X^^-E[5CR#+[(D9?<836D&NX M$:$AJ):^ZYB>CMH&:DSJ%0Z:XD/A_;Q<=JU+:+N42/%H$` MA[-1"A!U2*(_TMF0=4(`YOFP:T5PKTH1_,-1IQR]&4]02V!P5O@,@%4=?^U> MI*SC3Y7O/S^Y=W_D+0MT08XZ6'9`B@$\WMC:R2"APL">2M'0T+819"!*` M)9J0!.S9S<#0A8AC4>'XL%MA&(532,VSO.389..`9P;TGDIR=4[E@%91!!\B MGL7!:"'9ZMN48B`$!DC65:/7(*5\%-CZ`I]'`S-X#8@3:,0JI0&V)Q5YJ3T( MA./QBMY&/(34D[*AB+'$199)FS3C(G`F!#$O$`Q`I)'8KF!+&'SYJG"H$O MA^S\L+#A\D#HE&.059F]1>BX9C]-!'TB$9S(,(Q$O9,"5@!``KR"UYK5]I=R M;"6J04A`M$5\$F431;F#8+P".0).BB%G1LH8C$,8Q["04-BG$+P?85%!$-!) M>F85A">^.X%^@Q';HJWF"(NQ^$)R.#M7IH0#>FD63JMHH-.K)$,I@:$R:AQVFF*,YX!/@S4;2R M8)@%&!]@(,MHH647C:6"T?)TOU)<%"!Z9)%8BN,5'%@4COEEXC;AL`RS7+!964>TWK?WV;FU&/L9: M$"4#=3944,02N,10"ULZW6W4].A\QY^O."F%]D,U$39"NR?4V*=/AU7@BY=4 M[DP5B0=P7<1LR[TPFY)H;>X8PL.':$A##4$1B\%`B)#NR!+4ZM^W6[56R_ZS MR`T%A6?P_UJN0@",):IX6@=>ZQ9"EJAC@EYRP`Z#(*23V(WS"DN=RQ/F-M0K MC&7X(]A0)\K`2X9B/(@!RC(#=:06Z:O2]LF*`RXBHO.`Z=?F MYS25VN9%P,V(I$-_8#``+$(ZGB"F0`QS*\>@=D@.?V^_;6PSH"NB#M!)T8+J M@V@A?SNL!\(U=KV^'7)@/%(@6AO@9E\K@&=WT6P%43Q#W5CN#A9M_`HBXP`[ M<23'Q740$"H61%P!0_-C.=2EX&3$6]7C(-;P`*+05S@;"0&9W6L7KO:EL)V[ MQR/=N+6\L@EK()_I;4.[9)XVQ]_->%03030.L=>`6(_1CA%VS?,2JVIB3]/8 M>EQ/RSMW7N,C;;9S"#CE*J8T@3Y7-%`PV6%#JZ0W^JNU\]-^Q39QH.R&Q@)I M95S%]KFB$BQ/,OC+X,Y=8>@3I3\[`\1DYT%*`!3U$:9@RSW3&,#RP';'S>$R M*E*+_%FJ_0=^2+$L`)M?&ZQ3NHY"PYA/J45'H!V6O>$RHK5Q[R'`TL$^26C< M@7`BG$VM)9;*\.I3;(%YAY%0(0JSU,\.I&,ATKF.'1,Z=>4YA7DD,>_=8(1/ M\X>2"/+^JP&DX\6GN83R]`Z]YGZIA)\]:O$HQ%(),#]#\.,@52A-`'``%]-3 MC%'@*I(VIE8*$#K`Q\$B:=-)@4/'Z,@#/YQA>S\TG>%L%\ZBZH')$8=LU!>0 M3@`;`IHI1XN^4A93(DA2.KP+M=$E3,:M\/"XSB+A;\A!F+^IF+VE*[JW%K\Q M>EG:4/0O5PR][F&E4D"G!`J5)J@&%^-4)VNWZO]-7D=2*.]*X3-BG&P)\X$4 MD"*>MFTW)P9LJ`$WD8`K9PHL%XLD+P(QD(,0$G%!`M:S_H5=<;@DBU-;!U&; M#T7BC!M'VN`:&I:I[@Y]['3.*^P6>BD4"A)0]KWRBN1-!C&91.\"?T7\=L<" MC5S+\6P6S4AE$6XDPGWIK+(YT#:'^1RK_/#?F4DM80&*(Z1.2PQJ-@9C+D%H*'2E M]I5K&=2;+YAUX4)>BKE_(/8A0&H#@H]QF28X&7.;8>?:U$'SJ4;E2C./0-+\ MJ<;'3#ZZK_"C`ND"`O@PILRX_K.,VZS.'L_\G85G!HJ?GG#*;;O!+KK_TSV] MZL+_AV8:"B2$T(/`,J`"^V MDS5CD>Y1VR6C"2=`?SB?CW6BK1JM"^/WS+MH*FZE20WB^0BNUQ;CJ0!]V:9, M(S3VM,KQ0&,^@=/[1`GD:5A?8A/]UMZ"LU`:QZTA/MO.?J"H4>5Q(X5P;A1> M,;6P&4/IO)"1C$0EYI.P_LBDML4E]=V(QH5P^TV,SM*" MRUZ0:\0MI`NRO@RGGM0$4![-1Y9V"I])0UJ,H30Q!2AS0GX!;<;*5GS9/OQ( M21$XP".!*EBVJ$7\5A+N-$:B#HIA-.2B52P#/[7FZA3L\H86^!IA/]@2'\OX M11O=UPT"U(J)1)HEC&G+S4X4NN%$,$/!`=%[GFXD),)RN1]-J_)SDXL@+:BH M])#J*[_Y5QD?8`,ABO6?T8KMAD2`?7N(-=HVW&MY"*]!28/3;=AK07.'^MSV M@%W7AW8(,)2@%3S+T-'Q_5J0*J2B^!MFTIXL@KN?4:V[R%I.8W?Z%"'NQQ;^ M`#K+`R;NF)&8L#WLXJ]?$`=$0Y8E=N@;MRLL>,<>;%]?JY4JX;P:L-D_G2BJ!U:H9^*CD1L2LI+W MX[^^RSPS1:"7&5^5$%B@/C[&*6'-DZ-$!=98_@ZZ#C&+IW2T_6O+G9*;TH]Q/9SUQ4[$*9. MH:ZX/+LX[O:^I9XH]DC>5/=(9NYK?-L6R:Y-A7*;:N!$UPN)=N'@J01;_A(8-;>._@RHBS0=>DM'MK MUM6?7_MNP1QVG]N/7S?85:^+K[QU>Y?')YW+;W/FI_6Y2ZJCL5.>=^CF]#/1 M>NS@_]15DS,[YC-:ZS.;Z*ZR-,7FOWU'1G@]VK0,%?K8_J(TZT_+S5B[T348 MX+:TW5[`4#%&BFCG`NX4KKT=25O^^QV,\L:"':A#)@C8S;DI]3`_[Z?.[:5; ML'6?GLK``^U)&=<4"8LY\V*?Q.(SVYD88\##]^KHE21LG>0RLK".-A-P5*IN M@610^G;P"EBU,@T"C;NLG@@H4>PDC^\1![2K$$J<"\L+.:S;_&,7LEW_@.O- MS$4.*'9U>GE\>G']GYQ=DI_'W8/8$3?RU$1>-A=J_-UDL?.KWW M4*G@[WJR0K$8E:'2U"&[2BC,G2IFOQALMSQ*6MX9L5AJ0#A)BQ$.KD/%>ASC M#$-YRO15IW?EU_H14B(-CI:.82G+[!>WY-O\*O&O/OK!1RKU\LFURB,E/9() M2:-+N-OKFDU^HD1EIHC2<^]7="^6O<:F0\'Z63IS#>,GM=RMMM%\?TT;OATS M.$-Y?R^L>#V6LH0B'F;2!Z+!H45_7Y4ANR/O$BVE@I&*L*=??CO5S?NBD*F; M+B))7TUB.^`XDV%U[\;_(DF-A%0K@YT!("6R@Q=PGK@7E'V11+^!F(^XYENC M!FMSV@KN8Z2A`4V(CAG7T](`MQ_7_>#NL]G/N.WCF1..]IW%><./50GB.R;$ M%4@`R`&S\F^>W`7[]FVYA]0`%-*-;K+;9FR4_/^S]Z3-C=O(_A64UZE*JBA: MMRS/9JL\MF?BR?AX(R5Y>5]>420D<4.1"D'*UO[Z[6Z`EZZQ91V4S*VMC"61 M`/INH`\H_HL,]POV!*_2J]LP<#>&CP01C]RG9C'':LR:*6.V%.9];Q>:.KN_ MZ;*O#YT.>[SYQJX>[NX>[EGGE\MO-_G;-WPTA&TF8C26XD(Y^XA5&8JQ.-:@ M.V%P*0$-Z894W9PJ;5&E"&%`9ZTX41SRE(MQ3_&L0EEG"+]K0P>&!C90>IQ#F`J\$CGGBO&L6186I!Y MDT\I3"H3I)"9E$C`1A%C3WCTBG55%*46%VOM5*H;\?$DDYK<<01F.;N#GT_* M)_19Q>GH\Y-M!<.?3UK-'TY8S_.!>^EKM2CY30FCV,98\(OHCP\,U7/)<&!7 M>,$3)X%.D)_ELI=>V`-K`FGMAHM8@ MT10#5WOA^SM^Z`"6F_1WFB///+EFP,GJ]W00-#M31CB^CZ4M#8N9&B`G\$5S MEI5GA$')8&7\S"AMB_VC3/];UZ!5LG9XSJ5<97NWBJ[W2/SJ?HF/CNW>Z/W. M$5_)C:!E["9NMY9;S5G+^M&SIO.6E?4&@&@/3/L_3).#EWBR%!IP.+*V>]:A M1V-_`9NI,A\I+\#&///@HB2_?)M??Y7VRY3']3T7*B]2\=J=U]LD1WVDG):W M+:2J5=H-K59NOF@=KO?D&^.?3^2_)SE"24'DU40NM[1ZM7T`1%[+\=BSXOI# M[0@+9;5=/F[4FUKKO'(`7%R0^.A)O$I1+8Q`+_>[T@M^[<'!VB_-ZTKE;=-I M\V)7>]614WZF+?"X93RN9/V#V6YT,:1;F.QMNYZM>E4KG[<.0*,71%Z;R,U& M7:M6R@=`Y*,VVS70^Y87XF'03NW-AN8M,+EU3+[PN''14>(9!1753$DFR=*D MAFUDC209[`_]JU2FJ;K4[0H3[6D5'S$9]=&84LK4L>:6M%*Y)6_$S+XS4%HZ MZW0?KGXM?;SLW%QC`LKCS7UG:Q>UO-%SG.D.1#5RRW*@QXZA>J]2[],.G6[? MNACIP/2%1_@YT]6%GL)OTZU=M$S32QR,[BN,<@'C6PNIO0:5L5-?U0$>2U$+ M6)J,.L'QT=CQIIQ3MT07LZX-*B6THC$T=>^'+^(J=J-'=\S@9174GHD*VU3& M'^;E4V/1&*3,`;Z&EX]@+@C>EF>Q^70*GXO`MZGZ3_Z(%]NH2MRDL;,CO!C5 M7MR]=R72,_UN).)F9L>&'JET%TRY=#TB^D!F>*AF)2/#6M798Y7,;*$4L9/" MDF*+F1Y7F3X":9@)+^FF!@2GK'.2Q9VII!9`A<,%M6V)+O](RIN25%`:W9TK M4J"1=?:@`JJ;=U$4KG:_[D&[VK!I_+[IA@/!,R:Z8834C.51;(NMU M3^O5)ON1+FY!SCFMM-NJ-(3438J`V,,3Z`8B+'ZBT4\;S7KFU=H+WM2H$5*4 M%)SD[0K[677(E*F[!#TF5&2AT18C[CLPMEJ9A=;JC1?#V*IE7JV>KP'CO2<; MFV(><7P9"C'IHL0T@IP_8_]%$8N<$76!5K(UEAY`MD0GRIT.ACY7_49?D@^= MQFYZX5K<&3%#H-<-*2&/H484G-9J$K?E642]6$`S6[RWMO*40W_73]]1/4J7 MVN[;?J*H97JDM`!D-VA)D4K&9$U5TV3-:G+I0,A6_>1U.`88W(XY]+#>3@VI MKA&`OT:>Q9VYXCDC:@<3>PQ1%Q_:411YDAO(DVQ6WY@G6:EL,O-P>[.\H\2T M?>9$??)2'1-!:),/'?LY^2!OD5^Q0>OY[&PS*Z*KZI.98_.>S9>,/^0VFZX@ MZQO)^H)!W-0;_W"D#-LJZXUZJ=74:]4?EL)X'$D%WVSQ5ZF/ MNV=J,PP;*[KS['VP=V"C"$!U]VD+UL%1G5TDS275!73]TG)**&-!U M+WU.5W*H=DCRG%3&F_B\%R*#"ZGC++I-+NKVC(7BV0::>)>[YU-?R&2057<4 M608VK<7@+078HLL43;4D?[%%F0,[U2Q$-L95%[I;44$Z78+3Q1;4H1^UT:); M4[*UVK.XCJ,($M\S>+(RN@,7]1_N>_.M+9"\$^IR:2R84LM=4)N1)?3)(?H\KC\=:?D MFHQD5/66["8#?S7/E\6VTO&8#*@OZE:S#L31ZBKGT>JJL\$6@K^;OF`S'B0) M/BF9G0\HK:31\JC>LFA1TJ,)M"3P"/:;F(,M619!UZIO`,.$!8I3I>`G?,2S MK1>6VDR`8Y=6&MM"A2NO5EV0BV`L4)813JMH3U*]-6;C1P<3.6I76Y[02Z1U_=B;$[F2E$IA"9#8O,-[IC"MS>G8!WYY8ZW<\%=D;:Q69 M.?&1R4/Z2#98<5'Q/"[S$I%[$_R;B9EMI'RYW&AIE7+]1>LH:M1?`]'IGFE; MUVN-@JS'*[M-O>AHR/ZPE)O6YB&H MZG50:.K\0%08Z1R0/K]&>F$CJN7;[;T`->\G''UK^_P@OWCIO;UT'"=S,VDM MB^NU"K=_VRDMQ;5NQYO24MG_=N[XR)H;V6WIAW"/QJ&1=]]26UV4QYD[JA[U MCN58[_3(#_J+E][;2X<8A_B="^J#,=\&I=BL[,,T5K1&LZHU#^+6ST,C\K[= MGKI>+LAZQ++;U(NJF>.3VDK]$*^*CS^_L:%A:H.SAUY!E7(YO\V"&F]M%O32 M]W?\T$Z66^#DG2]WK\I%T7^LD\1?53%]:FH%0'6BT%\ M+;PI&'?B6FR.4GFACKJ\+X&&%CU#H8AP45N5T@JR'51?E7BN3$N5:-@==3Z) MV83&_QI=';*V5+PGY9+31C\Q&M\VX>Y[8[U;?1PS=S,7^IC=)(>E>],&;W&A M9K>KF?%F`S?+Q:VXD6HS8?F7[IWP>0+_387/3 MNVK>KJ-PH+:>`=9L-[5&N:ABWKH/U=+KN;L<^Z`U M<$UO%.4X1ZV;:O6F5FD4NND89?<@>I"N\IX.Z#P*/"D\D,+;20N':LO[O49# MJ[>*SN=;=Z>:>K5PIS:;4-XZA`WMH9$U-YJITJIIU8,XLS@T$N];*G@PX(/W[*=C#^_L2-'J@5'NB6'*MZ(>W"LJ^DO M!99?+6[^I>%/P9"SP`L,A\4[(N:IJC@OJ4O66+,&+DFUP8;&A(-Q"MB$>HWI M[`$'L84:)70GJ@?9R`O=`&:J-;1ZM4&01P,_V8Y#[[-P[+FT!B,(#-L=P78# M5V5R'S\R`!">\EPN-&IJAD_V#,=P39X:Q)MPGW[R^=^A+>R`,\']B0T/C;EO M>[#(+OSZI"I6F"&K5.AE[.4L'V)]3X[B>FXIGEBCCQ%,3X9O"8)^R@.8SO0& M+F#;8@!_16_+;8[.OK=Y7]2/)=N.914OK!+317RUHK7+5MGJM'W>E&3OQ\R1 M0IGIC<;<%0:R!'P0B$_'0#0'7L)&$PKC&3NNU&K/G?Y'L8$14E3]; M'+:Q(]N%GWM3_`F(/4(V*O4,`5_.,MIIH[%B\%6\!C_Z7C@8$N2`C^8KV&&O MR@"`\E%(X#\5K8X;D%J;B:'APX#&Q+`=4G`H)/TP".&I`5XH+(!4ED+)%5#4 M<*=R\/-JI?5!P-CE!GL$B5V!AG^>A:(T,(SQQ;4M3,<3,/I#_RK%']\D9UP! MEX@.+NDC4NW1F*+"$%W^''QT//.O?R%*_QEI9/H*]/)@`'2[]X!2I5+RA*R' M6OY,M"18QL@.:)Y+U\(F!:`RN&O:7"2KC5<`C.SBL>`WWO_YY(OAELJ5$J+W M_P'KI5J9_C[YE[(;UP]7W3\?;]@P&#GL\;>/7V^OV$GI[.R/VM79V77WFOWO M+]V[KZ!8RJP+N`9F`U08SMG9S?T).QD&P?CB[.SIZ4E_JNF>/SCK?CM[QK$J M^++ZLQ2DWM2MP#I97APVCXQS5F+K(6)FDH4L?KYY%L<7>_C'N?+[NW#_>2,WLQ6[Y25)N;!Z.;2!-J M(:\'3@JI1BEL!ADE$_67E$H/=(]!MLSA(!DDI5Z_#UI)8_"$U&DP2]C'!AL^ M/HC]NKB\JPP_7G.38XFM4EFP`()9#@=+$&'OW]P,4"%R88()EFH9)[)=T\?' M!/R56@D,#>++P1S22`B2,1[[WK,]`E`8<)G/$2C0O:X]"D>16ADKJ696R&/E M`BN02P'99P;.ZSC>D[A8R]3NH?59\SR_G<_.VV_L?-8\HCY4KY?8F2+A/\$% M9!S8UHIE*F5M*]HJ7;.[([5T%7GNZ^%?N/=:O_)Y;NU#VBJ`:+Q0,)+G$\S6 MUXM-'D[6*_HR+&[E!#\]LQ&\.UP0YSF*V.6^CXZKE4,(5AYBW!TX>4%^UU$P M;6Z"6O7FP<<]#DDS+^A=7?#S1OFY=0@Q^`/5Q@O*.PKN+;CW8+7Q`L>MX.>" MGX\JJ^(X4Z/?9$#7HTS.9'SOVUZM4EPPN&_A/M94E0--Z_@&SHGA)*$2C(JD M@M2&@$\PK`K!,,]E!LSA&RB-)<=V,8M"8&`IBF9C=#R*VU.@16>W+KL<^[:3 MA(?CD!2%(+A%8-MNX#$#)ACXG.-J-`;.&#<#>\+9G3%-T%Z)(LU/0]L<,F,D M3\EQ8/YLBYGPE6,`&QB!YT\U@$?P4<^94AA+QK54_$H.Y8>8(2#C[O.1+("3 MYJ+DDB18A?..?3ZQO5#`T#2SI8;M35E%:Y7+3/P=(F[[G`=XBQ["Z;HAH-XG M"D3I#:?5ZB;#_!]4!"G]U1M#_YU?,=#Y>=3[A?T8!>BK9?5]_$7EPT\:9DSYEZ]U",LK#;E#:\16V2P4DA1>Z+.Q/:$\&A-$V#;A MC\`'2@B2U2\`I>%/$<=+!3865E`,!@J?)$X6/Y$G'H"(RB??0@#*$H=$+04V3::4A($-%@UU MU3U_-CWXIHM,Z#G>8`K:U=115[%/UY?L\]TCI2XZMN$&1-3;S@-KE\L5XE^[ M;ZL+>/'K2JU^WF`>[()L%W7EWZ%->G.6QF0:1]PB?HDT/_#6/4#PA?N"@Z0" MN2-!H819I3.M6&EN6#V^6#-2%I#R!068!)D;%(G&;WHG/QF0Z;RJH4%^"@=2 M>N1&SYH^9.I'GPO;XHK25T.;TV469DCN[0.YHK[&KGT]\7,_AT[?4]X20:C( M)K.E$A<2,T^9,!P#75P18.Y=E.U*3HHMP%6EQ#T_D[+*>IX;4F(5Y50E?K?T MS[*SA8`WH(<)&H*7,#T9/5?^A&H)W#K0PXGVR7C1Y)63M_U:B<[L<0\HI_D! MQ`WV0]F$G4J;-BUE#1.*0W_L^8'RF@0P@0]*A*.F!V%DAJDRF8&AP(H!$V&> MFNTD5H)$X1IV.KYM!L"'H1_$5JWCA9B`ZR:_`^91_/\$M:\Q%P!`YTR`=N@# M72CS-NWA(<=$]A/>1-Z5&R4_XB;PTV$W)="P!W:`RT)4V;2=A"=`;MD7G3UR MV'H+U(RWKF4#(P&G1ALOEWWD0\,!9ZY/*+B$5QYPU8)U;$`P.`I3^"L(R6>; MZ.SNYNLEZY@V!ZX5FM*C7SS!QT/VN\Z4H'P#KC5\4)@ZZP1@`>%#(%W#C[!5 M"Y_!`Q&P7B"8)KF0UGSOI42N=5$IE\Q)J7S>:M5+7S[=@6P\>4!>6E5"$R'S MF\$<>Y(T&LH%0C:?JU65E(_MMH>0XJ/*TTX]6=8('_`X['$5L07L.6>(O0CU MEZ,I03T@\%;B?/?X3K"ML<7X;I>KA.\/^'XLL?3*'0P+N.@X(%0RX18,DR$_ MYP[2I9Q5N:B`80=(R_5J6W'6D`NTP:!WEVD!0:@@7D,7%H^GU98:K#ARG%(6 M\/]/O.=GV:G2T!0KS;,+^"XPY@+H62=9R5?X9T!&>"D!@7Q7]J04B4O&GU\" M4]K#S[>#AV9QF7J6>L#N]P5Y4*"!)[8793.K\XD4*F^>@8/P$JM+J9$K[5H= M.,AQ,*<0-B7&R,/]+:D&W!$.A$;;!,)#2E6/#`L3G07X1P%79W;(]/@538VY MT#ZB8>E^0NVMM1T[>5)>T)[``O#L)Y#,C88+_6'*Z9X8#FI2V`-$$DS^S-!S MT)J`8^*A]014"G6VLG##!!L8&$-Z0I8\C:!#.E6>!9`LDI8:2DNY'7LN"XQX M,S;B`(K@_"_8LM`Q%CGKEC'"C:[.P`/('%A6(SD,EC.4=/`2II(&'UZP_?B$ M,Z,"8EN4L%%BI^"'$14=R0%@<^ZEK1=G3+P@ M^+[#Q\&LF:U)`.@0R\$#ZD@,%_$(.#'<'L>/7$KFPZ.CKSP`CU9R"?Z$O+FQ M(X,U3HT>[RYQ>0YLZ2)5OPCZ#(^-T63RA'XBL,>A$[__``[<(N^T@C13SG]$ M*T::1@HN'J2Y$5UP[(0U4!BB,P>'8VDG'L`WYJP%^Z.+!\P16Y1 M4B2ZC-_D#H-=*E:[2CQD&`C>QS/D?X<6GNK#J[0_@=GIO)UAW9?/D%=3UFNQ MJWX>H7*).*K547`A"VJ@JEU62T9V`?,.8[*`>5%TL_*2+#'#W2M7^*K5S>O) M\RCZL@0[/A_C(:`W8[E2ZYL!(1%WI3E!O\_IW$7S&0RC+F@)0'AA1(RZGB`M4GD.D0(A"-/OC>Y+LO6W]F%@IZ90")G/O%P"R:"30";A4C M-16A*8_'(#WNV'S"U>FF'="YR`A,+FP6,30FD1N=X)(JL43$)Q-[X/DR?B9I MP(R!@:=`JTSF!S;TGF!*7QX"XU$++L2)O58ZE3,-%^NL0358N(&*'[,X'GBD MBL2#J3RLF(".P6,54"C`/USB'NO&XG%U=HE'?Q,\4(L?,[W0L615.VA%U#9X M@AH])4.9J'PQ@-$+A>UR(1T@\M]27ZJ1>CP>Q<%#)G^$)[AYH?PG,H_P!$D` M_$NX'AG(!WC$`09H2@?+ZB@!'!2,,_N>R;DEW5O;->E$#(^0/%4P[X]4H`]P M0,CM9U`3[9EP'GC="2W29H&/\6>!_$&EW^3PR4-MO`@\-(^N_HIJ:K=JMDC6\4YK=G2K%ESG>D]A>VYFI M/+D8B;)9*XE>4K+C\^L/&@!)D.(%)$&)E)B'))9%HKO1:#3Z\H&>#1CC!RYF MUDD#N5HV$X,?#K:O@;U;VA`YP'4?F@[0$4OLH'L#N(K.'$I0-T)P$W).,NQI M=TA/>NC]\0,HB00I^&R$ENW:)D$,+"+8W+`H0(+Q*4&>]Q;[)CI&)$%G,`^P M&H8#.[HT&4P6-[=DWL+R$I#PB(2%`=0]:#K)#YD(<2X.?(.B./&-]>V"JY!4<>;2R? M87=%7M!L!E@Y)*`$7@7V(0$2!0>IW)F#1PQG// MF-(0GF.'1/0/SE`L*%D%H@H8$PJ!@D&*%[(535P7H;%%^E*^8PFD)VC6=H,2@HK5M` MJN2$!3[8\G^'$1T"Z>39Z%.DB63.&;P'M`8VX)*YR+?&03YB`4`?`%WB![B: MF-V?33V:'VIFB>YEL/^.\V/(`X3]**I"_$Y."`^7YSA]$]-S4I0HT(Y))#(,&- M="DRI'C#BE,*&QO8'.)=X^V2!**)?&,S_HYWB@5F&P=0D>V*[;]95O^.!HSA M$(DM6*KHPP1;_BO(`D#GZB55=;PXJ$W,F-QH"IW=_=,:;)#W/W??UU'0,(V$ M2(_REEY[-BL\8'J`2F>#C0UHM`[:7,G_R=5F=:1@MX#DW8]&HXNU.64*C6&8 M9@Y"EHUJ-'(B3A($)`YBU(E`U M62+SAIF/S1U:2:FX,Y2.MEBIG>V6&B;E!N'L_GY\SEH MJ6\OEY'-\(.ZF+@IP(LF]$T2JHZ>($>=GQ4IF*[A[CER&"8?D?VG!;N]WNRD31`Z(-[[\'2#R`-UVY" M$P(5B\T.GH6H!`XM'APZG?U M,F&?I)$9&:BV+/)"P$FF&',^T-+*)W-',D6&DE?(P_OU8?:"]N"E?;M(I^%/>E8\UG@RFO6S035)'#JJ#,?8 M/Z?W]].;QXW&P"4;4!>S!4^BR$9 M7WF)M4M-1@920YV:+&S?KO$VFV?O6@*\T(N^@Z+O-%)J;WT:7P**))E'O0!: M+/A)+_@#"/X1PKD'DSPG8DMWP*`/]6S>7M$=<+U;MK(@+_2]JT\]`I](F"Y5 M,X9F?V7E,4\Q+5?HI_AXIUCOS"K.W;ZZ#K=WG%B:O1Q[.;9)CI6B)>WR=]-S MJ[VOV_NZ_13WOFX_Q;VOVWI?]UBAI7M)]I)LFR0Y@^=M@SM/[7[,0DERWJ"0 M%^/T4L3OP73[O/4WT+%FIC9*ZF=LFZ2?TNJH@SN@R9CS`=GU#0!%8MC=+Q@NR?1N(1Q9N1@8$.B=S6&9;J.QQ3E M0F4QQB=*4(CY9TF*4QSV!Q8=0/:H.!'4:TJY,@8'8CMN:?,K:7?,ZD1.;[;% MS,4UJ04MM`1X8:=7TTJJ5I:.EFC7I*B0);LV&]:`&S>QH$(>6(@Q`N:'6X&" M6TPI[)A?T!V[SOB5#`U3N,(>K:?EQRBRHSQ"B3ES?^>L'TW=)/[Q2[5:UB8@ M*NX)7EU\N*]8:-PM6D<1Y=M;$(<"+G=P=CUNW M0GCYJ*F((A(%*#,4DJW$1?/[JO8^CXB?QCNBDN"F3H)L!.AOMB?0:DJ`]DWYZ_F(Y@*R=M_M^<@%'%GWA(L)17F!LQI`, MW_8(;GN@.@PL(@N4"6_9,TX[8!%:#!9A7G]J"&<%7Z+8+8AHW%1E/W^,!E]I MRQ5%'V$ZA+^P*.B1]F',QC<*ZV8C"W-G6[(7NMH!.$`D0A@AP)@(%P!"J MX8U'\58YQT]7"'")#,S)SVBSIK`7%3=[F39^1@/%^<>M?7&`$/8J(CD`F\&- M@Z`#J=**S06`SS]31(7<=KI=]:SH@1W&8,$U0\OYX$_K>0VH<'"@"[W>D:RQ(DH5>S$XMGS MLN9NQ]H.R2I([`SA$HFPF-"#).[1*8LY72,GZ1(=,+SV&"03_=F37[2%R90L"I`\PD M@DH4W80("X`$R0@L%QPD_.UWW_[O-KBNR88@S(;>8^C"#2K4Y2,=W"'@,XVZ MP5LH,"7C*"!S8CL8KX+`;V+F56G'HA`;DFV"&4?,9U86D:#C1[<)8)!E[)/% MY;^P:1!I9.`0$C6KT=3-G3F.`R$O#)M#:P4H'!BV;F=$+(C$QK,_VY(B`9AK MY`2[`&$[S]ONTJU+<"R9S&N9WB7@1WQ4IZW-QCK!YR2]T<9Q08 M',(DN"&@LUQ<7]T^7E<^&(<2X3\=TXLU\"6;'C:M+ME&,#W(KKA;;Q;<8+@) MH/2IX\9>)1H`3Y%;^)S_H\#]`H[[Y;D*\4@8KT@RHT9'@ZFA>*K4ZGO2)PDJ&JJ4$DY8SL4N)(4_44:#PG-3H0CC;,_UD<2/LM" M)'Q82[3O^QO/ME;X6KAY>#+`#+V[WG+^#C?_14A%@%A%\)"":YOQ7!%4?7)1 M#+DM#"-+T9V7?H?U%<#[08X4F@3D`:VVJU!Q,G9J05MT0A,M#ZC\6:>Q&HG" MCF+N$3]GY!I8P-2G2PH?F@C%H0#1,UCHX*B!F^+99TMKNX;4!X&4HPL]'\>' M8W7?[0S M*;(+4,6'2C4LC4`U)*G6))H59CC-XXY!IB60\N1)A!)(C^U^*@!8&E(7>U,2 M;014XD<:`(!":U^7)T-5GF2!WJ8C.14,(R#;VWK@8LZR'&K'FRS-$5F6PP"W MY5;HE"S.(5*(:C-NU]D%.@2Y'6DZAL7DK<\A]+%DE:C-8=#'LBQMS;UL&@*= M#^YR#-67&[)\YXN+801L)%!*"X`(8*$BB*0T:HU^Z[R0O`&'LP5\7 MCN=#*PW:C?#_D)+_#9Q71--_D/>*4?K@G@3*(PE^DWJU]3*Z=B:\$":P(GZ( M(!]!\*G7U]ACT*[ M`G[F3-('3'``;E6'&$!X@2;U/#W[!<(-:(,CARLF@##XZ_3A:_"NOP5!<.:S M(:Z(A!`W*?EATGP;C,T)(Y)#+>"74!>/&=+!0P:A>#3EZ%B,6%J2JZJ<]18N M0XON&LAZWL7/;N#VZ>!>J>_;3>H[_"`!21^ET8R==Q*/--,`5C_`@+1+R;'Q? M("0C:2H(D\ZUU92U(77WG^(=(N](CSL,TEYK)%Z25K=ZB]<`7+$6%JS",T>X MQ?#)*@.JMDA,M7:1\+'J531(N7`8'5=Q,,=LL"S(D;/)>04[;//@FIGP4FEJ M"'UJ0X+:;APTQE[D=@6Y8(P)[=-BSS+UF\QI_``HN*;18A1U3/X\(X#%$T#C'?)RYXN34++:,] MMCJV9'=P%<]9OXQZ7$4N5%M615(2@87'3WJ2%?/+U>O2_;!MS.(=K>&[6UKK/ZSE%E?$ M3'U_NR*\GV9Q@+E;9M:@5`\#404%40O+"6YG=A<$'H+62%G`$R;I&10?^I_\ M@>UO<%/!/&S=@R(E]"3^SH!TC25;X$@!BMW;B]),V`D MDP%I.8HZK2*0J0V9IR+GMJ\_**P_,'CO>Y M)PPMVNB'!^='],,7%]H>,4/I2Z?F9.1L;X+T>JL*8TTK4STQBIRE\R>3R.8/V]X__G;`'( M$`Y&$/$W`^AS.0U5ED83%4G1D(Y5D9619IZI(U6KI,5MU=D+!]!DD%?TX=C+ M^8FHZK&J:#9CXD*J>PB=58[`)H.G=<*$"D\$]IQ!;HX%EZ%O#WDQ)QUH50H" MK>6$QP-FT\`]&8^T%W2;BZ#!E@,#C@<$/E-@-##U&`[*\=E^K&1LM#-1T8G2 MXJBH5C,JJK>GS:DGMR?W%*/@;>F^N=E2H'I,>--A4;Q%YD5@VU(+='P3_:<- ME4;V?"_S/'VS/>O9;G*L4.8DWD[O^-H+=W<8X^O5]O:W9OHETR\9P4OF/K@0 M82_LG;OD'H8M+?IM>KQ'`/5WUOL3Y[NRL?6>V M/]6"N-+A=H`^ZQR&3&[C]Z<&0.M,)(0`4J4T4+4EVER+_Q:5O$LZ`!EK7'3T M?0UE./KYP'.KC52]G];C7;O&J$<[R'[MWOHOQ`7@#KPI_TX*OOLMM]EEJ^K2 M4#?4?ND>\12/)OW\'O'\AHE=A:6I''6G.?7MW96[E/=3WT_]T>SB;=VSKUQO83NX@]H+[I/JM^^&MV]9GPP5 M=7SPA=SOWTT&06D?;V^IV\-1OTFW8.K;NTEW'I_J..$0VR/\_J%3>^@X(G.) MLI;TJ]%ZM[_IDI;^*H#C+6F1#W^<.[YI;>M4J:76N,>J[9HYOUC;-($!X[GLKT"`(H!7^D:(P,.E- MS-CWD,6R_#(\[L4'%3=3;9D=ZHE%W&"B$S,43%R`OW.6,VV=`N`)QXIA[P2O MW1-$3J@F^/V?@_L3*J^*4S(N+46$"L58;\#]@ZB=K#T.E=MHA3T>7$91]8-9 M@SHN5#*N$7M?,L.7)=._8[?RU['V6CD8D[3S<*X$>.5@:0VPVN?BA+4S4W&B MKVT-R-FN6]N&)7O*,Q+S3H-)V:<366*[%N0@"-BS!>X/&<'C4P"B^WDDR6<_ MPYNZLG]T-5NFJ4-5Z4)JY1"F>#<679E!:61$Q+3MFKMZ:_7`&IQN)7K][2U4 MB^31QAGN%VXEMZP+]83@.B$'2AOIO0/5>*F@,3&&NM2WNS?N0YDCK74W!'?: M`JLCO>_;.FK;I&K&4-9[VW2,:[<38+5YWE.'XE'(DX*`E#SJ[SYH_+RGZT/- M["'R&W>GC)'2NU-B.P_,+AQHNS:MK;%,LJD.E4[$++HVQ8=>N>;([+PSU?5> M^!Z]JW^HU\)>"X^YSY_6-?3'R.:W]!YO;(]Q>:D_2/9X:JV?UM;8IAY>Y)C7 M;B?@18[Z*-G#JO4/]7K8ZV&=XV3X`E\@P&G MF;Z^>NX/9V5M[.GSLV<_H_]\<=;.:KNZVFZ0""A+?AR;YE1@6P+I#''^PM)&B#Y#"#RQ_L'"72_?=_W6PZZV\IO/)N"9*Q">P M+66RG6O^2N'<&./VPMR,)S5A;HPC`ATIK^.)CK!OMN4-;*2V\\&%/;-QCV)( MJ2H/,7'?0VT]T/F);1EL??,CYT9;OH=1:#ZT'$"1>Y"9+J+21:DR2G)_*-0VM9$,#6C M\T&N+EGF%$3;7I^%ZK/9A81+1ZUQ2BUOK[V]]G;6&JQYB7%Y?#$9&DJI^R2V;9*22=9RL_9_6E! M^G'C7_O^UIZ?9F(NE-%N9BY//'4N21AK[4T>F6K-Y)'2GN113VXW4G-MR$GE M"K\M@)S$$&&J#YYQ[$7?%AF)>FVG<\B]]6E\"2B29![U`FBQX">]X`\@^$=W MDWM325\F4ZI,YE#/'D?:@;E""*Z%3BU&@ZNA^[[2A@.8@*AF]IU;QSS%:,<= M2CW.RS%/L=Z957S4B8CCS#+V?XM[7;9FO>ZQ%-[TD>TFV39*>!Q\Z_LQ:0F\SHO0"NO:YWG]V M)BMGJDQ&R'I5--B%.]NNPJ_>+G>.)N/<_2Y M9RVOT4GMQ__:'WRO1LM3EG19ES4R0.JK=D9R5RMW_;!!JP`#F_CLB8X=]I.U MM-8S>^K?+IY4^5_;)1YTL%T[Y/?DZ9\&#A_/KRYOSR83BXOCD?#7ZY^<:.&7\M4^0YG<]IJ>07--3+$GUS M8SEKVXL-_>#\P+_V+P'@X$F5T/B8CD^NY_W3E>BO;>SI_ ML1P/>79/7W#ZB9FFKP\7.W.DC'1J03,)8HE>N=OU9OIF.4NPAE\!+.3AQ5XN M`C;A!0\;)&+0[AP=NK!GD`E[FFY63W>>^^Q9JT)ZS_2??M,4!>]%`_8N#QEJ)0M3*[#7Y>AKCB?* M0,`1)P/ZWAEX?$&?-CLM1IN8JC0OYFC_$Y-IA#NO6159J#D)ON_.'/C>O?UF MK[?V[9OMT2+;A.^4;P$QO"]FB/ED^95F>7`])0GN`KAB*KHXI^15)$\N MY[?K1]M;(0F!,WN["(5'9!>*[LJ:.4OT0<[Q0:`&R=)$5\,]60SEC"@N?[PZ MW@?9=FX7MZ_P@CO$"I^#@0EY8O%(G^#A@+G?OKX.-NY`IMC^E(>L(1FJ?O=< MWT9PI<);=(3/IX\L>>3I_"`PG4$D@V5U?YBF@0Q MH%OK;G;-@1F.SKP^-NBSM9S.9N#W(IK0 M+GJ[>;&]<]??^'R+NL:F00YQ2DA@-BD,Q2V)+V5'E6[LS4%MD0&'LICB%5'$ M$,_X1\CP(C.-7*;%E6US*8/\1(\G3_C(Q"?2@,C,D4M3EW-(;P5]F5K:"NIR M3M<-TX<-XNWB;OM]Z*7H.;O4]*AH,;#S3OAX6J,Y'!0MPXEV'AWIXM+=]W%LX,#P[6'&^24]^W M-_ZCB\S\JXT6)]H\83=^W8F=%0<0TE:QK@`D)"6X$A$Q)BCD;Y@?8%C&839\ M`J.>(<\9L,`QG\0<\W+#LS@F13NVV7>15-/EEQ M,QYG)7%';F^.BC]`9H93Z.-1DZ:#DUT1,B<4^%_7;[:_241IJ\;^"DVOH4(Z MIJ[\$J072N/>1G+VG8T=2[A]LS>/[B<;.4+N\]KY/WN^&V"O+X>D)Z,B-TQ7 MB[:?,@0SW-,J0QQKQ>])25DFG:_I]KG4\OCMSI"^4.(SQMNE**A[=(,40E8@ M)94ZR>3SQC4Y3E?>J.)IK&!@&N#%0TJ#3B&WBZ]K:^5Z&U"3<%_9C0=6.T@8 MBCH)Z2L>D=`77&]&8X,^S<_3>M#BLJPBFDQI`@?]_&'JD9*2V4PMIE"5L:DI MM6AABA8X*$;>R.*.F.,I+A+ M7=I8.U1Y:`E_=JSOD)`3.*VFIINZ%J,I?:3:!''*:&(:IJF7)RBL]KRSG/GU M^MQZ=3;6DBL?Q2DJ69NHDJ8IK+0*1Q5'):\%04M`-[68GI6E*)=B=10U:\H(@=N0]<4 MF65&!'&'XII](&7(+P$,I"$53;>D(^,D,P<4KG&%DIKB/*1.G#31%)/5S/V3RJMCYF1B MC$VY!5(MU$E3D65I,FZ`5!(!NE[//"A40I+#_Y;U(].(/IOHR)Q*:A'1Z10( MHKU:O.0,N7YCW33%T`YIV["C^-:[AS!Q+#HUL_SG M3QMTA/^IO)G\1?Q0668N9:B@=-WR;CUHQWYOV\0W/UY:6R;BJ2QC?ZA;VP MT2F6IOMLG.R[<=ETY.FR6SX(G64=$+N M$97GZ%]G$U%=/Z6ACA79V*4G;3`19'&+29I,M'ID89T3%8G13%5-I8<=)9<2 M@=+1)$.3,HG)ELRK9T,W.=3)K.=3DF_'/XHX8BMC%9U36:HRAZM&5S5[J")K M/*E"5C*$FF@QKB"RW7JP,VFD,L:@8,CJ]'&UP&=1*.^#0J[)31>@>4@!\E`H MCZM2N'I=NA]V4,B57NX%42!2/T#R`$$DY7:!70Z:=RF3G*Q6F<88)(%T[T<@ M.>UBIRJ21JH753463>B<4'(:XXY"3Y#K0*IB<:6LCR^CB@V,O-,;=_/-WD1U MI`$XHD<_@N_)8L``[N1OLO1%T2Y*RD<8&WL28::^I4=_ZJC:9&R47X)U>6JG M&-&,+USH^Y[93R1`02582\!:%1O7D(#Q-][7MN>_.*_`P>7#[1W[7MJ'V[QS M8*I:NE1X2=P+A\UHA#)N#^L-.3JZT:+IS>&QF0F6,U9\BW2[WJ9AFBV:WDP. MFYE<%2?!6L)[0_ZGIF0X!2WCL:'E.YF(Y/YW&SUA+2&V-%\Y:XH2\&:7V8F* MXG\&^H[)A&4*QJQ.(&_@*`VC82SI^R"Q8A<2%,@;QB%%6!BYU)6QSM;^E2.1 M@F,M'!'H#V>:K&LZDTQA7L\W;F4QG"D30YGP#)TL?;I>)[I_0'([S21"RLLT M>:(KS%15(T4X.]4F>XS^R.J^F(EZGT0LZWA_%<^H170&V17!*B,;$]W(HS1E MW+JD5I.I8IKCA@@5E_8>FQ-3XZ$R-1>]^_5K="!?;UQ/C`C5L2JS!7:YXQ61 MAH%V;E_A3@B`L-DMK*^Z(^JY%*8-6XY4T4;7T$Q^@DMH)Q_5U:0L*V@Y-4+U MG6>_6LX\T'/J%`00BBEJ4M7YE"55SV6!AQ+AW%3T:U3)&,NYAJ,*-QMK_>S` MQHA_>V-O2*,.FM#?77?^[BR7M0LW](DBQ3MQE85O2:5Q"Y^Y!8$ M\1=Q:'ILLJ.7[P[KXT)CI!#N"JG!QD;'S=(]K:F;@:89>IR(M*$J$%3YM`8M M7%HC)%5T.11-VK.("KO2)44N2U'6UE&I4$L?ZQ/6*\_<&KA&Y>VWTTW3U/5R MHR+;B&,G+^YR;GL^:;!HH,^P:$A1!%;N3:Q,H*C615G33&-BIE*46K/6`)R# MHDX,F5T[)6AHL-`Q=91:A'#W=,H&:VPY"`%0$,M_N?/<-P?9K$\?7WU[?KT. M6Y:FLXWS)LI#/9,-W6#KE_E'YZ*:F,YLJJN>!E1I+,N%5*>,+H3JJK)6)Y)N M%@N[*MG1>4VLL">Z9BJ38KI3QA="=T5Q3Q1EHAL3(623C?^SZPN2*#I^FXH1 M(RT:@G?TRA[@F3:6)@9[KJLT?M5E("NJJ\W$?*H=P#9B8 M8X,Q82D#E:.DCC8HB!15("W5-<.8B*6DCI9,QHJD5:$%7[WA7VTW6\_^XJR= MU79%02G]BWH-3[C$1);E6`Z3<]Q*Q`IP3@G-1A624UU&SF?!:7FSX8[E6NHHM0CAW!E,Y+_HY>EHX,2O M2I.)FJ"DZ,!=FA;><"M<95B%%B0T-[ZS"BR>D65CAZK,`2L35]GUTB5%:9RZ M:L[89#(Q#B>X0FVK3%U@6*]S@HAAB[A?X>/2LM6_-0+P7Z$,^ MMY+_EMK?0,)GLG+&(LCEC)\DU+*J]R<8BJ2SM4"-D%=MR6JR!,F80XFNT,,U3&14QA7)PWV`MGYM2W*F3-'.-5UB-3-_7B(=T/:[GY2"L4KQK_87;#^-NY1ZX>W*D]=,5#:8,\%Y:` M\@V=WA@O8L)-55/8F%KZ2*6IJ383IJEI;("V.C$<5]WMWA`(SO[CBT5O$,RY M,3"\(O<PA+V)K+1]M;\5G:WZ[T[\5\7@@^KLBVDP/L1BYNI=^<]+GO.OV M!*8@O+>1_W##*SST9>U,TF,G&T&$"N+^"IW%<.1JBEA:!4?H5W1B0ZZ:`[5D MZ_D]IUS8_>MNZ]F[L;P8?'[C-!]21,6;:DLE]+UXN.]EAH.ERH6B)<.EJM^, M+PGV&Z'G('QG^Q@'9%NT=OWAHE,>Y,4_0+^^6#^@X$.0\3!CU=S[([\58JML M4,R),3X-J9'J(E'*)K%!M?V1WPJQ55VQ.@JIW3O^?ZX\.^R,$V_7I!@B M][Z(;X'(JCM)LM&4F]0BB0FU9Y+"@@SLB_@6B*R&)UXK+>/7E' M)^V;+1Q32R4J,JHTDK=\[H/N-DJ*-S)0*-#DG6R]0$7?#7=J$N4ON3KUQ5PV MS-U](4+X+" M;/'*+A@`^4V>L_:=&7:LY-HU#+*6E$8C=`K2H-UQQ-E^64>Z(61E95'9F!`2 M>:/81;SUJ\NUD9`D3CFR&UM`G#DV_@"V%K_=X@"D-J)7MG^])A=JX*L,XNNY M^=L&1/@,)1@ZL`B;O[SH!(38#&Z^)L9_[8X8F[\@J7M"1&[=PG:@D1M0P*)R MA)""DG&W#!?D3-8GBBHB9\5+]Y[%Q.VH5+Q+T!C)(O*D(M@1*UE\J`C'Q?#I M8E1.U27=$!'LS2:T24DD9@#_$FJ$PM"S>$]E5^N4D2+0NI5DL#W2%>3$I,E7 M%F@3.RM?(?Y-FG2%5$ET7;J"W)XT^9H"C\\'E2\3&,QQ(*L!KPJ442:9C4E# M7#I1D713ED041611>3`A\(?B%'FBJY)QS$*H'P?3PI6JB$*L M+* MCH2;R6Z9@XNIABK_0:[RQ:=^4D7NPD=5#+V`&P^SM@!5UQ2!MHZ7Z9*B]NNX MM,)#1.JH5&V;..)YUC'-)H<@2%^10?(8C`]0#S_VUGL@E,D94;+R".%(&C_= MV)LG_&K.0TY*CO!`S'5*S$3$MVD%-:EBEG>;I'HQ\XH9G_`Y!6V.S*25Z`7- M+>AWEU/,ZF@G]MP>,>]L"Q4I^>R^VQ[YG[-RN%`52QK@L#>@:&,3PT';9%7* MBO:R*F,*"9C12#]M:?'9,PH0>ZJ:52-*'DBN,(O6>LD%9:&[NT\]ISOC!,A9 MLRB9Z:A[WSTF$![UA])&".ZIM>Q&5%'+/H M4.2D?)&57L[BY1P9;+`57)W";9"RJ$/"U]?7?60^97E47#XNAH6V":M\ZK/! M-$LG9%4N]7GRJE4F]ZF-]!-5K=JYSX.I&3S^XB[1FWR"`U3[\AYE,I9,E;W[ M:'>0ZD3PPMI,5$55-*TD$02EZ6+KH7V25'02H8NXV2TC3'>FJ[*B)N@L10?B MXQ^__/CN+=%__A]02P,$%`````@`[7L'00MX9-GO"P``890``!4`'`!M96QA M+3(P,3(P-C,P7V-A;"YX;6Q55`D``PUM(5`-;2%0=7@+``$$)0X```0Y`0`` MW5W?;]LX$GX_X/X'GO?A4N`>%HI$VT1ET4M* M2;Q__0UER;8HBJ(D*Z+]%,?FC+Z9;_B;')W_\C+WT1-FG-#@HC<\/NDA'+C4 M(\'THA?QOL-=0GJ__.?O?SO_1[^/?O_X<(<^XP`S)\0>>B;A+/[NB\-^H"NZ M6#(RG87HZ.H->ERBAP=T38,`^SY>HGX_5?+1X2!+@Y6VT?$P^C_NGP^(5[/?`!0N>,^O@!3U`,X$.X7."+'B?SA2^`Q]_-&)Y<].;8 M=T##<'3R[O1$R/]T3=UHCH/P,O!N@I"$R]M@0MD\1MU#0N_WA]LU?"$/Y`+; MF!^[=#X0!09Z'8.F$!^P*Y2[+HU`>S`=,QK`1Q>+9_(Q]0D@XJ9@3;4UAOTK M#N\HYV/,KNA\3H.O,X?A;\ZC;XY5JZ(QP*\A=7_$]0JT+W#`8\*J(=3K:`Q1 MF$W"F)DK&M,%SP=Z(-+N2$BF-1!74MG8@-\$6.)DG9!#G>".2+L+F<,KP:ZE;N1`W5-1^LA#/,;F%".:_:D:HDFU>"Z)'C/R.P\>:I MAM\*Q7=0.X&0V/?WD_N%F%U#&U"A:JJE&\.Z#82=E$'K5'5NIA1-`+F.[T9^ MC/(.'I\!!G4&!Q[V4FA"6:,Y:Z*S5?M19]`0*3R$T;G2ML-N2$N6W[A8C`/TCSZ&.;`FS+3%[:1( MCSEAYJUUS*1=\!+0*IC(_FRGY[,8$T^_L\[38X87#O%N7L2<&D-MCD>O92VN MD92=O!A!3^AZ;QU=*YR%?6#G3L^U/TJ_VM<5C!F%V4>X',,(*!Z-0W^V$`,D M=0.D+VX9!WJP%O']X8IW[[XCS2'P2$JP95*D*=3DM&CM+,6$HGQ#)!3N+EF(WR_,A&;*U M`Q,`S"+L&060IJS=E!2AMG9LDG8%R9Y^,25%!2WFHPBRM:./N#G+-59V)0'BA*OM0&3'%+5$9`O8K'W\V"M;4\O/8^LH(P=XMT&5\Z" MA(Z_98%J`?9N'!:08,IARAW-H_@D'0Q1B$M4`R\3 M(8L),X%?;0IE>T>O*F%M&R*M,AA.`7)E;2#'9/R?`UZA7ST?2$?!&IX/TQ]% M2\^)G1:?$]LH0'2"A`H4ZT!'WP,G@G82>V_L.3TF#KP`Q#&C3P0@?%Q^!QMN M@^2T:3"]=$/R5+1:446XBVH$^%8GC<75'37^[=\[JR[524CKD&2!Q0W:@F&7 MI'?1+N>4A,AWJ*L]5&I%JIN@@V#8S-0T#S5C'GC"0#E:(,4!N7[]2*ZU7=!!A8&9J M&@;V#9_R%J41795TI=Q!<*RT+*5T'P9;TAI&)3K7,@=%Y=JJ]1K.'M`8]RQK MLZO63XWT05"KL2\EV<(=,.7UNS%FA'JRB:K=L4KBG=%RD.\MX(?D;O72!788++ZNH-M@K"-O63&GH6^_'5S"O/'K[ M76YEM5")E0ZT=G6XP(C559*:E5@IW-'E.1=CCW\"ON--R/O8[?SF!3.7\$U& MC.P-NC(9VZJLAJRMJW9E5ED;HFES1.:U#Y'L:A M-;!*E[6PE9//E2*^^>,W!I;>3R;WD^^!L]I.2J_>`2955)J+V1:=)7,6<\., M!K$+"`I0MK1V=JI<-*XJO&<<5S4O74(ZTS=("JX+CI,TR)16FH5U=_E',D>3(20"M].P:$!!U+`^L2073I6??39+W]BJ>_JFR/W_.5T*A`&TTH`+@ M]?VKS#7=*%%U6]XL>)CLQ'>R$T$."4$$DF@EBK)`ZWM/G0NY62;EMOQ7]#39 M@?^6'1@+]E\_HS3&.\V)W)9W#1\N._N][.PM/?]"&4WQ.$9A2,/H ME8ZI5XA)"A3K0!LE2(&^P6QND[VZ1L+KUN9G MVX^0/96;1L2ED82H08LE)<^NFW2[M=8J]QS90[GIQ$8$M8O-("/S.C/QT#`S M,3K**'K3S4AZDQL\:\?;ZB-J,"A1UIHMVI!E4%O2[NBMYZ"C1V&(+5/C. M*-D&D[6T]@'K7R(E8Z[2SK2-O.354C)T=4N#5"U-I\B'"NBY<"_%CH;=H!\I MT.<"O1S]J!OTZ[?HY&S(C\=*;4B4==MA%5:')CW6NGYTD3MN?>93;+;Q3U$( M\+^0@,RC>7H@X%IYZME8LI.4>&;@Q";_$_X?=ICJA$<=)9WMNE8D-1JQY#&R4'&X,;&PTNBV[/R'P#9[:O!W8UG*P0;!MI-%IJ#V* M@F?:/`;6.@XW`M8F&IWEW!?^-6ES*RHX4.:K98,U/WG5X4"^<(;R/C='K#Z@ M;WW*HGFOJVR/T69=^U/UW&M?)9RZY;-7QE84&L/\:ED.8^O,&[\&5@9?9U.M M?=>KWA@K(]=N M<[@AXO)7&M"T5UT!2I)C_&AJM;="+05_!O@Q`S M^$9!4W%1.PDJQKMGTS9MA5>6LI,0)=3]6$CYC`/`[HL,+=X<)@8\%)8\:1JU M4HGN)TG%3)6"+V_<"BZ?O';>8PX3=5?[B)5[MC=^4!(/SHP=!%LD(D'<0``"%2`$`%0`<`&UE;&$M,C`Q,C`V,S!?9&5F+GAM M;%54"0`##6TA4`UM(5!U>`L``00E#@``!#D!``#M'=ERXS;R?:OV'[C.PTX> M9/G83':\F4W)5]95'LME:Y+L4PHB(8D5'AZ`M*W]^@5X2)1X@21(@!1JJJ9F M*!S=C>Y&H]'=^.GG=]O27B'"INM\/CH]/CG2H*.[ANDL/Q_Y>`2P;II'/__[ MKW_YZ6^CT>^73_>:X>J^#1U/TQ$$'C2T^5I[>M*N7<>!E@77V@PLEQ#%HVJG M)\?TS^FG3__2KMR7-3*7*T_[CE>>]7(S';V]OQ^]S9!V[:#D^.SDY'\>MCZ+F[ZGV;^=! M:P+:IW'PZZ8I&GX]R_WS_H*VF!D.M@#CA[# MP@8U-B]PT/W>U8$7K%!I-RVW!?W?*&XVHI]&IV>C\]/C=VP<$1)K6DADY%KP M"2ZT@"`7WOH%?C["IOUB49"";RL$%Y^/;&@!,LSIVTP;C(O'&'.!\]ES M]3\#/B-SO$`'!\2-)CECA;1LE`Y@G<%WSP<6%X@W8W&$>^5:!M$"-]]\TUM7 M9(2"`?A`^!M`"#@>K@A7JELKT%1?&![(E^(HG\$R%M?N0[V+8_L#Y,E M@I!N!%4IR#P<)T[TYQA^\\G(-Z\UH,WMGH0.()T5P!S]'&\K5#'_$,"](D,@ MW9_#D6$2NM"]]$B+)DJ"O1G%=+PQ:3J.VHPS!V@;ZLU4(\.U@5D1Y'3O#N&% M"T!8L3;`H(K2[7=N&%%A6-?B"#A%4Q!34_A-SL'8-%Z9C MTNU*^W!O.E"[\Z"--<_=MOD^,!1C?(Q-!]+\SQV7A^$N@%$+`**4>3"A.\LRU,R7ZVV;1["FWR9O`!DS,-\RB07FT`H.#[S''XNB40@$ MF67R;N(Z.S3!PFUHC.)C6TA7,%-E1C_QX9:M5PM/Y!95&:'P^\I`/MQ]=QR/J MX,8*QB3'?KBD_V!417?."B(SN-_0%B[2M@?T"TV+<+IH3BFEUP8NLQU2Y08@ MQW26=,5C($V=[-K7IN5[T)AZA*.W2XPG<^PAH'LYI*@]FCB/AN.9!H7.?(7/ M4/>)^)H0W[SKED\DYY;H.+JHOA>LZ72QC^#$=GTGCQJ!T??JBM2+W4RN&B'"X]<[BTY@Z([VTD]@?4.@K>=W]-4A82L2_[/Y[M"W\P M@A;&`"7'V,B^=B;O$3'XBB>^MW*1^3]H?"7D0PE7!UUFP@\W[V0E3`P?D:G# M)\HH353#_51J=`([/AP9+G":TA+:>^.AJ[0AB2"_:!;&I<: MEE7#F6K0+1U61;_\$0P[=6#F+4]F"\YSS][L=FN]^Z'FDTETS\N+/89B?'CFFBZGOT41QFG\?A<=V0=2BV<72=\X)PS1FOT%:AP`:DU>( MP!(^07HD)#]?$JI$X3-]S=P1-V8K#]&9W M1]`B.W'?67XHM)7!!HQH_X.BO2#3+EJ`CX>V`%V8=1%M?SPTV@JSWB*"_U/* MY`+EA%<1>4./R!.2ZC"D\*Q!Y$MLBOBE5-IY=946#29O((=*KW_Y(TX#*M#: MNTUZD8/0J,C4+K[]S!,8EB`W9%(!D!9NYW)5>4JN.86LO-Q37@_Q\=Y9C)(E MVM+%6#.6+\JCO#)&I-=ARAA1-2\YUKQD+L.@[!$)^52XEZ*W)1FZM.4@6KC( MIN[VT%=0:!GEMA9O%4E244(R)SK_XHJY+,#%/!.9U#,L]:U,L4&5<%-E%W>R M;,XES;*1I.SB(>FY_LAPD\($P51&"IR(_#EI+)5Z\H/UYOW%1.LPQV6ZV%XT M94&7WU9<"4O[Q7+7$(;79&\..5*NS!<*U,WS]#%)0P(\^6?>#EEC'/$X0_1J M1I9=BF6N`%X]01V:KV%%Q?C>D*CU1-GQ,FKPF$$RBT%%?$M)7Y6/IO+11%H8 MD3C]0A\CP'=.N,GMQ8@%/UX##]X"$_T*+#_WO-4U%+VE=\Q+&V1GK@>L.\=# MIH--O4TBLTW=6\HFPGG#W:,E,F;,P]F2;@#<5^<58F]['$O9VES&[BV/_!H@ M,'$,:M3JY)\SEW[JBG78IY?;UGYP(U8(D,.!'MFQE%WL/;C>?Z%'[&5WZ="= M-50YMRZ*/M%V>7EL70,Q/&KS.O,TG[MMW?@$O_DF-KT8CW")"4`S]Q)N@^G*GF62WQ'DB=X-O6GU_`L M29ZAR8TB/+Q+DF=<-KZ-Z3C!3-;L2:GHF)>C+FOFHU3$R\M'ES6UL1WBM>@+ MVL]<5/2LX?:)B/A)$9'5Z1.'%)T,C&27J&8I)(,E8AT8(E(!_@V+&O.H5SIQ2O7(M#C&V(T>>O<)Z$_94I_U/?O6MA; M@M>@MP]XWYH.<'1R0IN1Q<5`IT0KS$IAZ2E..Q1"5U13BJ&C'$G"["NW(]$, M^,E=H^20!)`KHTJ#%=T6BC=;G@>-D#4V$^>_3UG6@V>P"+06 M3W!IT@R2X/;&`UZP_^9#5]Z''WP3SWY$[A(!.Q^>=!OQFN0I/<*4_* MTVP_5W$XY7"OA=B\Z4;L: M;A5V"ME>,V1#5$F\])+1R-9,K0%+YG-Y)[Z6.MVFR92//M)7`,/)$L%`,,+; MESQKO:Q7-S#F1F\S=)(@.>?!=<+KTG"A[QRRPG[@"TQ$)K('I_.;L2^T*:I= MWSW=BJ&1U[V?AW0*UZE']K[9"CCIZ"?&YTFXUZUH!\96M%>H&K\ZF"CWJ4-G M(AL1A7&ZR#L;W@+=M,B'$A77:&1^N-[#)=FF=-WU'8],,7&,8#%HJ$CF/E+< M7IB\7!%["D\7OP'*?=X4/5&N2;!1#@N7=^-'Z3MJ*`)KNE@06]19YNJ[[';\ MX'CTYY:IQ\.'W+;#DUE`,73B""%%>;JH!RAS7W[P_H)C+@& M[D.YSA?RY,DU5TJ-#A_RY+S5)$3Q&4:>%+3ZHE-^KI$G1ZSF(F8?DR1*Y*J) M%\/)1:(TK+I(,I_2)$J4JHDKRSE/HO2EFEB6GQ4ERBVJB6/5$Z9$R4(-MI*\ M\VBIR?[(AKWD$`L,VWMHEBF MH@YR7:`4Z)2"]E+D!Y2O2NEY2?)L@.$)#0]V$XU#X695V(/C36-@H4V=V9L[ M6[D^)F?^B6,\PU>8_1PI:Z>V(7P@.T]5`)-]Q$?4E[)UJ=*1+G:>@* M9]V\"A?3+%3HA2'=I7WZ%QN:?Z_<>M'\2E/+:!D4JK9NR%+UK>I._:W#TU_J M-"K86]K>8:JG?M&\:DNG)Z>EPB6^NM*`+7CE)^V/GW2`0J1V*N4W57Y3Y3?M M"5X]]YL.<`,9AA7&U^&D_*A#\*,.4%CYLGD3:R2F&$.%C-RF_*$)-YV9&R=> ME20Y,G53OMYN?+V25:W(SQ,24;6"&1KN,A6\?Q@@$+Z.4"!'Z:;]DQU50T-* M:53U=51]'?&Z8:/?Z,MUW*5Z;W09S_J9AQ-V4TJ:W'[)KWG%IX)57'V1%H\T MM0+J24S::)(F?[]#*1EXVKYX<8D(I648GK6^6'`*:$+AI)"X;2MF-I MV\$DB`[A3JT+5F9WRDH4YX>-B/D7G"L&RLV.WZK>BLF32!<&5?D?P1K*E$S-PE`4/EPL_99X%;H+)MR+;C7+^S!C_)? MB%I:642M$8%RLHW\5!..ZVX8@0H"%@,T&-[%N8>B4DMQ4_"B;N M*6_>Z5T+Q--%!BAEC26RH2O41V42>BD/"JPV2:$:D"9\H_+RI218FJB*ZIR8 MKY:DB:RHPWDII25-=$/E)2K0>_NA"5)=,2NK6GG$"SWB0FZEVW>O]N5V^MF? M8_C-)])S\UHHC^>ILM^;GEK850+I.\P7T[G6,A=UC\R^R73]'(.QP4I7GM^?( M%%?U'Z=RSN12E$.9?LKT.X@*:C4-O?)2:LR%/I5])Q2W%1;HD7MREP%`YW'MU-Y,'&/KQC'F+_"E3`J?ZFJ1U+D MCBR]=HB^T[_F`$/RY?]02P,$%`````@`[7L'07A)P_IM/P``,:L#`!4`'`!M M96QA+3(P,3(P-C,P7VQA8BYX;6Q55`D``PUM(5`-;2%0=7@+``$$)0X```0Y M`0``Y7UK<^,XDN#WB[C_@.N=B*F.D+NJNG9FMGMG=D.VY1KON"ROK>K>N8Z+ M"5J"9.Y0I)JD7.7Y]8<'28$B\>(#"7F_=+ML9"(SB4PD$HG,/_[[UVV$GG&: MA4G\IV_>?_?N&X3C9;(*X\V?OMEG9T&V#,-O_OW?_O?_^N/_.3M#_W5^?X,^ MXABG08Y7Z$N8/['??0K2OZ.+9/>2AING'+VY^!8]OJ#[>W29Q#&.(OR"SLY* M).=!1F"3F&/[_KOWQ=^B,/[[(_D;(C3%V9^^>[Q&C(`?\Y<=_M,W6;C=191P]KNG%*_;J8C2]"V%?QOC#?U` M=(8?Z`SO?T]G^*?BUS?!(XZ^073DY_MK*4,_U'`50&^=4;E(\B#J1*H(V8U> MAGL=9(]L`J('FR#8D8G>?_\61WE&?T,Q9F?T5V?OWA>?\)^"KV%VB=?!/LJ; M1#?P,9HC2N?;&N!(,OZ7,[+<"D*+7S>)9!CV61N-%4Q!'_OM#:&C1B'^FN-X M18?QWU($"IWA^*FN,:04;;*L(8RHXB5IB8_-^J=OMC@*_G:9+/=;'.?3>#6+ M\S!_N8[72;IE>CI]S/(T6.9U65$P]M'>_?[#.R8)"T1O*Q(I#=.T3F>0+LNY MR(\:MHL1;Y<)L4B[_"SBJY6#K]-DVX'#/+$`^EOT&!US5&,GQ5FR3Y>XJ]SY M!,34$DBZF>#X[/.#U:)@(OFWN_3;,,Y]GQ`BO8E@URJQYJ4JDN MM(^P7O@FJX1X4(])AF]$,I72DJR(ZM/&!BGTS?7RO-BG*54\ MDU7:&`NY6"6$-]?LT4#8I=M*3&.5%*,0A_D1:"F;T`>+S&AYC'"MS@O-B39%J<$`7)L#-BH^3>*\6!NCI:FI@=1@*"T@G'O M\?0@^P`S002JSK#L<9)GO//'_":>V@(6'2"!)F`5LP):YK`S#G MKK@Q38T55D"B`I2Y!@P8'1T-H9R=_JQA#IHQWA+&V[(X[@8,C2=1')/CO!=1 M&VVTQOGZ-UD.1^MY@IAW/\ZA1+A]ZTPO/WS4@TF0.T!"3G'YRQVAD07ZROA MX$X#IK0U5V"0\\@667EY&JSP-DC_GL$H4`\V#J"5>T>@T9L*'I4(OH73J$N\ MQF336UV%,4U6ND@RPB-9L7PGE.\W!G`PNF3,D*A(6B`H+3(DK'G57\"A-0.D MBVU)89WK3V\&"D#$((D&5;#`6Y%P,CK0)!&"9"R,@B@)%Y6B=:#STX:"BL:B MJ9^E#\.ACM/VM/MQ1E8>I&!/Q?+C,-`Y6',`!C_W*@^\T`?=FS!X#*,P#W%& M#B;+\^U,2K7":T1-'_J+)M3$'AUFRMNR)B]H4UOFRMR.LL?`$<$3@D8@` M<0QCYU@:6.Z^3%Y/SZ]OKA?7LP_-4+ MI3-+:5,!@"N607*;?#246Z^C2)KF)@"ZSW6SIEH`\"OKK;R0O@M>Z&6T6?[# M\6#8S(=VTMMR'NHCH;,=VJB1)PSL^&CT)HQIT`33S(>(O07;!2G;0Y(U^LWO MWDW>O7O'XD6_^?#[R;OO_W`6L+_\QS[&Z,.[":+K@/W]$B_Q]I%XVA_>L]^2 M_Q*&=WB9A\\X>FE$8IRE4]C)I1CM00+%$?WW_//<\:]CI5@24"_43,F60NE: MX3Q1005M6H6<'.LAM-YT8J;2H@(:%>!^J%6ZQZOFEBL7AVP\F`*I&3C2FO;! M@*JB(JAM2='Q5?H#A#IT(KC-18._C;C'SSC>:_PRV6#8>X=VTMLN&^HCG9_C M563(P_'%:/!,I6[4IWPT>O.P`+QS8Z%>8\LN'0UX?6!FU25#8:X0C"TC#\2; MV$6GUPB6])=)=]$!S*>(DW&$P9\(DUED"3(!!/%5&5%,?DGB#%CC=>A-4-2==5.4#E!>AU8-C M%N<7Y/]AKDV/4(-`N_-R-MJ=^N9X0-=>1HS*P2<+B0/YD$+1AQ78LVRK8ML8 M`:^V!..M`-(!TBX-B>'TQ0W2TL\]H=:=RXN%KF?1@T6M69%LMV%.'RW0%(Z+),[#>(/CI7R9*B&`JICHF:C5+I$/AW+-M20U75N=1(IUU5IF?J7)#L`'ZV)Z?%AA5JFI7K2/! M'M/+B#YZ/'\\#.X9I824MH?DQ?$MHT/1&?K-N^_>OZ-Y!NB9POTK"O;Y4Y*& M_R!CWK/,'Y;]DST%A/@?49AE]&*3O3_?Y[0&,WUK]2.*D]A]L90N?+.A$UZ. M:X*N&3N^*,A=D,[3AYPF2S#Z[G#Z0.5NQ+X7N9P3MR'A)-:>])O#X(*_;>0>1WS%,>X+4[<2T!K_3&*CLZW+ MR+0YY3P:\9OOWKU[+XE%_//OCF(1_RJ)1=`721\^?#_Y_OT?*B\Q;WFK1(>] M^\/D=Q_^A?Z]\7+)"SVR#`@808)KFTTHP``,\NK%B#3EFH>,`/3FP.^SO\"> MX<%?"0&N-R9'?L5PR+W+\'1<7U;:HS&`IMLQ8AJK`-0)Y0%?.MH379`?[25# MX75`>1IN6_\>^7'F')@$(P`7O?XDKP;Q9/EKSO"J\1XX3:9GWM8E!7ET[\[# MD6)[<6J?KE8A[4\81'=!N+J.+X)=F`>1P*1$#":`0(^CC5FJO9+60H$]ES:D MK/D,N0)$M'S\61BC)8=U_X)Z`!XH)"(\%+`3)*H5G`;=XSP(8[R:!2GM$I5- ME\O]=L]*'ESB=;@,9=E>)H`P&F3.DJA!>BCG_IC,E\C$BH_T*3]2PF[;0%_R(=LTH3G*@_Q'@X3!WY:)C],\3\/'?<[* M0^4)#?&,]4Q)FQ??BQ,O'FZT%CF4<*L'`W_BH63'ILJF=]4U#:IJE@T;:`L' M/QZ+V'#2>$'"^/%+<>8[G`8T?;]HE*3K7*X8#U3$0\=`K8R';##4:4-#4+,B M1CF^*L_D_IEW=YI+`"]>=]_C#)-U1CNB7N)G'"6L*TQ!HM035,)`G1\,&*D? M'10`4)I@0%3+N8'#,+NZ.D`Y5XG>Q`M0I9;`:<9''!.-C0@ST]4VC$.JJK2F MJ%HWM%`PVF'(C*@?&A#GCI01/8WU54"QY56'DZTP5ZK>GY^@!N>!]W0=+Y,M MODDRV8/R(S((MG=T MQM[TMI:L;$_HY"-!ND^;45N M.;Q0S`DJ(8"K5MXF<5+74[5_HP,"K&&I9:51RE(*`5/14D..I#"D"%69_0(0 M[+*@!S_M&NU.+6YQKO5CCL;`+/I60L4U7AO@?$FWS-[XXK1]9LU3\>H6P)0# M6*>EO(\K\V?/@RQWIN M"FA"UJE*PJGS>A%D3W=I\ARN\.K\Y7.&5]=Q%6"9TK98_`I7?W,A.5_^]Y[&B;)'<8ZH!881K9Y%%,HR2CS,55`;V>&*K MYVP//P]_J/-O3."@&HFH&6BWDM`.AQ*];4DM53A/T#P MZV'61;&G<7*4DLL%` M*>M*TFMIZZTCH;1"14W3P21RH`9X*0QUK@=6%+/!9X]T-+I04.WRQGV98D+/ M)>;_%_;,XLF5QH6U00!U*V_+8OV>WA0:[N;>CL+F.?2)_(N^V:[Y>UF&B\KJ M$60WI][T$>`=L;$GCG"45!RE$HY@E0JF@X4 MD]GDG4LT,+ZH40LC:OT1`#Q0G`8UIAHC`/JC*1;<$!;"8C3@JZLF"W>4 M<6S^J&H/WDLDZ$V)EO&^*W@O'\3Q$I6USM%!JQ!\<"[O@A>Z1=,XSG*9[HDT MM1WHNB+S1=UM6#=S2568_#D;FE.KT/J5J/65K[?C*'ELDB.MU,&#<^,@G+?[ M[7<"YP52/UKV-:50FKPN&MX*ZXM"*QA3ZV\+H#_J*B5.Z5NN5`U[`52O`Q=U M3:LZ$'NN5?>8./72,N@&<+YITQ%#9II4`!UK$6A4FWIB5`>'%8TM!E'?9E#?HC]*LP)8/B^,Z\UOZQ^^(A\,)SFN66]D]/\SX;L MEP4)\9S(BK0A\@'!GAWUYU2;1N6=%O(WL@/D*"L1>:65!BP;:*<"BV_8T-JE"Z%L2WUWP4J1#3I>_[L,4$_J)CT8)N MK(Z/1((V"(`ZF%FS6&MF9@SM?".U):W9$:Q`0#-0"Q2HQ#%!#,NDJEDX0B4J M\\![?U8)44\!#:'&_]F7`T`'UXA^"'0:("%%6P\&?"^9J11GMV$77' M%TDFS=E2@\">^U1LM)WTVL:#G>WDQ,A/<[2X!5M3)11B8-!G-PM6JL+:*>;= M1FC]J/UC%"[1?+W&*2U#,5_1\-`#T'$34T=\1`)*OCZU")F.Q0`#5O[,!FK9FC!;S[ M+J?6Q+6?QF@LC_T@8)D@C@>UW.+#:.4`W%*]+._G$>O*5W#/?L`'K(`/GO>[ M7819M:>(LGI%3LK7\3I)M_R9MSI^8@P-]"3:CKG:&VDS4+!'TS;D-=\D"]!H M%6;+*,GV*3NF+)1^R$\&Z]:]O[+ MZCMIE+(_6KB]A.ZV\@EG3,,;\?P7]SH^$H^5OK.B(HS; MP\T,W7Q;8Z(']#U-@Z1$ZCU>1D&6A>MPR0P0#40)#X\627E-JKC([X,(H#QJ M+Y:KXJB=L+@MC=J#Q);>3'5R9O6#S\-4(^-D<15Z\HQ\!Q@#2U' MX:/9,./^X_3V^O].%]?S6S2]O43GTX?K!S2_0G?WLX?9[8+]Q7UK3$?<"]-, M4&TB9F+$J:BAJB9#A]EJOA:=$+$9`0]BO82G:UL[#.X3M#_*=KA#(';?,6@X MJI6:Q52)ED5G-X0UG1KI<,(>[]'*IYLXI//HMUH;0)##AP5+PF'#`,KUX<*8 MI!;7D<$B`=C4^#HZ._3@;?;3[/;S#-W/+N8?;Z]'VW0-?/U1F1A)K26[E@6< M9TK=MML8`_FCTII=HDVCY5L"O`(8LI,>8+^#;47*RG.9'S35('`M275L'++Z>97FX)<>93'DFD`X%'AOWI+^AQD-FLT>%M>?IHN1;+;6=QF6YL$43.6=RT:"JY?4`V\? M!JE<&G/:U"U@%[L+];@<#NA1%]7R:.%V7G">WG>E:9)>)"GQ^=D["IV+;8D# MJ!-6%T9K+:YL$(#UKK(GLB7D<4'<=#2]N)A_OEUP3^8-[ MWWT(I@XX4-E9@=W,4S1(P..)@V_"LJZ-G14*?Y52V7;.`M[Y(<&>N+;,`EHF M3%B\=VD2DY^7Q46=#TF2QQVP==N%8KP?[=65VX!TL"\MU766\':V0#?SAP=T M-[M'%_-/G^:WZ.'/T_L9>.MT'>7-INF>6.MC1C2663[M$,D6SL7O$5UL80\,*&',-)\+;8@N^=/-MGSSD-/LZJ`C\;0]L8*U$9R M&&'46DWV0PG6CG((LIMO+Q;SB[^JY.5"*HI,U:,7H?*<;@MRF$:#E M`\Z88M5UQ(?MD.[/(>_W3-]W)NSH@^-E[9&);O>S10+TI*H3J[4'5%88P)Y+ M=:"R^7"(G%:N%RP(-2%;%PM.S6XOKFV^3TET0JG M&7WU=LR6'M8;PH,]K3>CL#V`]"?YS>7L_N'WZ+9?WZ^ M7OS5_?OYODP(\+]%'`.B*/S;*#AQNJ#8T2"@4%@KJ;4`6&V$^[!7R_1F:V.4 MK*.'Y1->[2-?@S0-%*&JKD@`4BDZLUIE65AC<)N`T9&\YNHK\%2U M\PI,-2-5(H-/BAJ*[9^G]_?3L:['M?DG8W/A;K\7?Z61IH?/-RP3:OKQ?@:4!34`5\7U M!T.!1!S^G1EDW&K,OQ[,+Z53&7P=C'-+;T:09MG15]G[B#?AV*38HSPF5O[E M.EXFVZKG?%$[V:*LB1T.H)H!71BMU0:P00!6;<2>R.:3_\6?9_?H^O9B_LE] M>M0@#+!J0QP)B\3R7Q1X_#/[C+S;)*YZ,W+2"WIUA3P,@0&USIBUAKII(=W7 MVK`@2[TP?;#^#_O'#/^Z)[O1[-DDN4HQ'JJ4KH:!>O%S5):/;QSHWG6I"3)9. M1XM9T+'"X=^FQ/->4>_[*@HV\H65X>5WF^3Y+0'A:XK\<+R46M"Y70Q2?NC7 M;_S1^G/+I-;^N:S7R+]52!'%VOF+7O"N\E?$J0NBO^(@G<6K2W+TZO]QY9C= M?V<=E^4GEXWK\_75./LOA`(_XA,@.@,B4R`Z1^=E<5G<'?#&"(.M"0E:]PM" MR5^Y&EH']5D*"H3]UT&)O&RY,=@:6)!QPWUZC@WNBXO<'']H^K$?Q]UP![Q\0N?%D">#;?YUD>Q"MR&!]L02CG`%L=!IP?+14%Q`#K M1HM]N$54/%ZCOC^G_Z=OP#?;M M#\@1Q=[;+^0'#NYM7I'?9?U7@`(UG,,+8D^0.?M-8 M<:>MEBH9#54I54E\O4IJZU"`"JD*.A1+1VA"DJS1G%\ML[I<'BPB03G*UGC: MZS(E"+C!DK(A,52-\9`&2D*,\>JJ^A#ZL;IN\9=#H:]ZG:^[)`J7+_R_NL0$ M>S0PJ[`KNW1E$K2]^1QEE78CK*5:T1=YT;<)X@C0+\7_`5_0#,2O;52]D@L=(W5/'&@7\:S53-F5OU73PH"_5S(B3OU.;%^_44($($4SB M`S6*#%+)QN"9;'\9XSDI>*;)H5\*5%X\81N5PTX5E[469;K;I$-^^!3&X7:_O=KG^Q17-:PL;$QGI*!6IZ1JEU*!R0`=J`SJY5)L,;@UCIT)*]KF]PW!;9O MQV[=HK,:KY5OK8$9C?''DO&=@&M(L]/L9VE@9@R`O&B8JC,C6@CH5JEFJZ:M M3ZH_NM&7*U6[5"=6S?5GZ:'-TRQ+EB$M$5!,/B?,%44#'G#Z'"XQSV=IX]," M&$"[K5FKM-P8TJVV6Y+5;,-4P:-RI5$,567V`D>1P`2B.0.RF!8L)I3%_(F: M!&$1H*6Y=^-=]^!Q$;9=<#AVNJB&-V%UF2DW9AN4& MG;\T>M9,OP3IZBH(TY^":(^)?[G?\EV8EA1:$G]R@=/M>YGC-N*$0`[@Z"*L M'$EGLAO/(1U36`W'5F@<5FN>),R''E_:&HPA-ND$T6D1FQ<)$T]0.36BVXQLZ5,"&,WX$61(F9E-E-8`812MB51)X/$CF32>-U&1]F?[]*,;Z.%.RNWD*_$F[22ML).ORI\L?>;+ M\#E.G9*A'[=![12><#2=L-XG:1;-JVS-GUN MI"`T4%586?%4FBF/I09FUQ\OQ4AXE)V.SHH%?C]]%FL!F;HNG24#YL'8B**+ M(V.M8I#/:!BS9);IUS"3Z,;1&*!G+6V$5L]35!2.MLZ.26H\%V&?F`Y`O]`A MD.:SLR(XC-./@^@+S@XNW=!*32)#[( M9UV2L7P3QO@ZQUN9G1T"L:=Z8BR2WE=24EGX=^UW8-3"3T">=/R2J)DLV+KGF)BYE/ M;/>T%^HH&1]FTO1O_[42G[.L#Z;I`@W`M@U(NB=U@]I51,5ED=`P]SZ)HJLD MI7\4_+BEF+T-/[ MW`$%<+M7U:P;?IZ3MTQU@8U@E-HE=0KVJ!*-(U,T07S&46P0KRPYBU<.K)!4 M

LAIVZ,-[)HSW)[XO M206Q2/(@JN((R0'B='>CC[P'14^I3U#^>;%R!,3 M.F=?<;H,"?,R.],!$6`MYTXLUVH]]^)U/"/0A;DQ=;R<1U!SL*+3?>724-]J M\.EZ$@4+-`MKU'-MRSRGZ45(!3:4#Z&5E+<>1)MH'-@6.M]IGVM-!-

*>CFD2SG8_XW#S1+B=$C,?;'!I=^_2<"E-:'8U^VF:,4OA MCA"TLY&JMR;/7(S.`GPE':@@I/)2$"/E-"UD=SEKQ$';X7`9O_9`H2NY:>.* M'NU`TNS.]I0NW(PTJSBZ[DOI)CS*^![$W]8W\ MC2IO`XF1F=QC5?ISG>7L[G!/(WX MR*->B(_6OOT]ID_$R.\ODIAEF.Z#B+9]^5YE7%U3'I^&D/:X! M=BY>N-A*1142R#J]?EM]"2/1L\%<,>V2^ M>IA_N5Q.P98VA>7,9+KP.5V:1;THC=S.$S!W MNOK!+*]MNL^?DC3\!UY]CER[Z1^%KL<1I3& MQ;L'E>%XYF]LH74L^LW3.0_SHCV=N%8,G'48((:0V,NC^PY&`'P9S8$EJBC& M.I/Q#M5*>\YT4[??;I]K5TI/*Y]V%.%-IVJH_2=[!JF>I%_7*DV9M14&EVZO\*O3 MC2)8"1.N7\L&T=PO5:<_)[$F:Y)> MP5;0\3.,8O][RO^D+(J]W$U.+PTS\EIB1?W%->;^V'*J&24VM,51P(SSN]]_ M>,=,,_W-W_@6%>-/N*5@?^L(MX9+022U(RU__EOT&#GQZ:1S2_(.R"CT"Q\W M3M_&5;+!;&WV)#:)\7>N7:\A!=I7)19?$HU*"".@5*)!9%TEJC\#J,31 MW)(O2$;YH!)FQ.9?$D"5Z"_0WBI!ANCVB=H8,+5H$GJD&(I(H,(MH>:,&]PU8@.+_!7>@(76K0WZ#>%!%`I.Z8J13,#)-@>!;]$N)PWEC[E?!G]8<#<$@/\8M!?"&R7(7%IMM=U'R M@C$_Q7Z)<9H]A3MZ8)P]S.]$'F=?Z8^RTA0=\,`$H#HS7$:->G,Z6M"B"VN- M%^0%CC*`4&)A,03TAB+Z=E+7S@(91)Q\"(YKO.!V7J!S7[KV;CV*,[$_7@8Y MO@K"=,Q:KM94^)0+,[JPQVG0;"UEQWD@8XK5;6/G1G"4#4&4*$2I.MWZL?TE M7\DF*&2SI@)Y9@6^DG65,[)).S>`D1Q]",/;,&<];NBE8T@8CI^WWQ'3":E]083^YQ=[?-]BC^%<;C=;PMCG5WN M\<4^3(8)HCC0`62TD?)$$$S M0;=D[:+%%QP]DQ%DE3^!/&WKS375!B%E*`N_HFTK-]YIXG6\^)*P^LS]E%'$ MX[4^-AFV5$DYI]!:66.MLV).J&;2LP*]!V/8/%9))`*K(;MM.0!E5;!,]^><34,B@P M-X`>$FRGH(<*IHF"_-Y[/>RG?)YK7$^$A^!V!"02+R>Q.MXF=)! M=#.).+G9:.1J[TB,1YK\(#R-ECB`>C`8S\^4G=+EL^5C-%_/@/#&'3$%H2DI!1!*4L3`)JI: MB<-X=ZKZ+AU8*<;6'^5?9]F>;'F7^Y3^BTS^!XBSWD#<#.JS;HCE62Z3/4L+ MF,:K>?Z$TXLDRX^#)0;C0;Q:/0."FRL?[-KOU5'2XK41D`DZ`$U8G@Z#0PP0 MR#WNRDD@<$(341+&R9("(J(GR3(,:.KSJRL4;%+,\O:@'.L1.!W2 M_[[;/T;A8VKEYFN:^)/$S''@#^/;N#(``E!K8U8JW=9"N%5P0W(:*X;# MH1*0;LDR`)6,'.P?1R`XJL(KI2\;9!; MA993(%W9E=*.5\=)IZ,65(L-ZMOH1]3FX&B-[O$FI!$HEDC^0'0(<./N\%7J MAF;0J'C5F[P\R_-@A#(HKH6!B(D;,G((B6L`'$?$C:A1=GJO@C%%.`FZOD!/ MCN8-CH""^OV_S)>2CY!!`I80:(WQ+6@].9OP=P'@4>"[QH(RY-U*N]M@=TFL M<9@;_<)`?+L\*1K;&R\;/MZC52,RH%PT;92[73,%J19+AD+XMF+JS>U-UDQ[ MKWK055-G0KENVJEWNW(JP`UXR[J(KDKFGT(02`5,THP0/4S8*>AB@H8&+74 M$B1?-<6);I&@$K@64055@/YL"4UI:I%&6"/4@Z]0S9=OY[^;,,;7.=Y:.?," MD$>^68,5I7LFY<&MAR82;>&D43#$X(;<05AQ@NCE'N?$`VPOWML8`K`S2,BL M=H&CO[NU^*V3-SYM,0J5PT"LN!VI*1M&`]%K#'3+U85@G`X9,I^N5B&E+H@, M=$4Q&$!KM*17^B,=Z5:3-&0T+X2J\<@+]>I!OP>ZUH/Z[1`*.%"9SBJ`?T^8 MRFDQO31_69#=-".G+UKB[ORE]A=%.+PC+J"2F7T8KPI?#L'Q:/Y45Q95MS7% M>,0`D(AK0NM0UO\,'IDWXUL1JK=!`+..[5DL%V]WWD9;L5;,-%H2U-<><(A? M)%@9V6\;"+^4VN/X>EJ=+`UIU/YH"?2(U(]J?W0Q!3T8_`)1L:.Q,.XC"P:$ MJY>2`#16;.$6YZRIBKPOT/$(@#-2.Y'5P:C^9[>GH;:YFZV_<<[;!8[;#4AW M\O&)5NU!QYA85IQ[R&#">4(K>J\OPQ0O"4QVE:1;G%X\!6&Z#6*YHIC!`:B/ M#4.54ID`N54U;&*<3=/?TW26P/MI_CE+[ MAE0VT4=6]*9L&071G5)*[*$_96.(XPZ5DOEUAU9(!3.F6:Y>TY@ M/>!GK`CT&@!!%$`P9>50#4$'X;@T@ADYS1?YW"-->->@$I35S6+`L(?;GES- M8U9\$/A4V__3Y.33Y.*GR=BGV3+H\37Z-HP55YQZ&&_TNN"K_X*4J6WR7AB:3[;O;_>LPQ^;KF!@2@OOE/OCR*/9U%_)Z3%4/ MV3=*<19D3`M31`7QQ53(S;W M!!6S3Y`P/]O6!`IHGPY.`X1=@A#L(?A?1,<+)-0%2!&F.)IW&*_([OV,Z8-. MO)J2;Q-L\.PK3I=AAMO*('I"TRNUER8?PIDMM?D"IVMG-2('M\$35%*("A)1 M22-,B4P?OXI&1&A7%L8=S+)+XC&,E1?.PWS-N;TCI+:=3>5C`>(O.L*KN(ML MH-MXBYJ*QOK@PPN-HOL\AT`4!"2VTHW^745_PNG?C46_-K`R(`.0+W/IK8MH MPB@+K9%3(P@@KT3/1.4SF%,_WHZN)+>UKU=]IZ7CP2*C]AP0M+\K[C.OR;>, M<]I/5\F#PR0^=#10PHV:^"K-QHSJT=:[G,Q&$LIA9-GU M`W*9=R/\4QCA+$]B!?'NUO=LNXN2%XP?Z-*)W1]'58<30-E'6IZ4GKY_C9^(7MC_-&0XW1-^7@05SZ`\S M$&+'?60&I;K=N*!S,^-2C*L9E]*VH'(BF-XTXTJIY#%.QF12W[G ?[8AAD M(+&54WYLGN[SIR0-_X%7+$]<\'MI%"BKW6VP(B#G>!/&,>N=Q[<%2;,"UY/[ MY`:.)5JU(SBV3!V[@B,(T=09G)01KL/LQ>L'\5S+XJ2"&UA1!>OHGP$CSX2NVV"+%74A MZT.`8LPM9%:!905]XT63ZP0U(K'T7H'^';PV8TFHLB[C\2#8C]Q>CU%-X^@? M6EJ'4?C4X#48YSM,$SCBS0TFQB^[)W[<["NU?_@6R[P6#0S,4C!BI%P95AR, MO?7H*&^4RH[C/2OR'>>LORN**-PHFZ9LB=N27(U''&""*`@J8":(0(U36:3L MP%*589&WBS>!@JTXHF&FK?J(!`2L$HF2'G55DJI]T:&D#F`W^(%Y>GQ!?R'J MD3VFX6H#5+*_+TO<>ZW:%@759QJ^Z[N*U+9+%U,@S_2[<=%A!N&/=@OD6"LW MR-W`1C;*:,(9[\JE_Y+C0=ZEN.2"^I++A'&[8LD%;,G%9'`1L<1\R87" MDA.D>CK;@\6C.G!J7MVV8OJ0#IB4U[0=Z?F$W*I\>T7GYPXU;7 M>3D[V0;1EW(Y!\5R+G.^T(Y2Z%TJA,%G:7R->?Z$T\534'RM;+[/LSR(5^3\ M>_1UJL)Z%TG,KDCW0;3`J;3YDVB?BNOA"CM,TX#[)"*F]+=LT MHQ7EA-A#XJ]`;\L+^$,A38%HQ*CV)^W#G\]V+"2AG?N(I?BSSW&61+3X&IDR MC)E,>!WF,"=\<-ZOR!_B)6'C*EB&$?F%)N#8"[,'I?[["47:&J`;6MA6`GUH M-HF:(XZ?5B(49J!]L:HY2FM4S8+*::"O#-Q(:,\E1.L<"A*B-=QG5U?@EPNC MR:#6"4$J@V6U2@I??%VMDG4QS2FZV?+3C[#9\(I80WO/5E.?F%/<0:R]?=T> M\O3/A;43X`B>*2'@3!I+.O)(.1VC6$ABA4;P-/M)5QB#@AQ=XB5[V8\^O)\@ M8I_>GY33W4\4A=\L+HB/:9)E8@.3AR!2ML4QA@+P?E26]P1I2JZ?;9$]< MC;+##W_M]82C]3W>A/0%%WL31AAE7DH;J[88`#2^&Y.5_MN!N[4&76AK/J]@ M2(3&5KQS%\.#1$2HP@1B*%X5LUH;,B2WAQ9>_-UJQKA-16ZS$M/06>MMH2]Y MPQ\=!%!87,]$+=PM'^X^C*VCI37P*(DX@_;X&9J9,OX*W/:G)UO'\=YADPYE MYD:NP'H8D`0^,T:$-#LU@.MD.!-J6N*,\CT-5I5/CB&#!*\>'(V_$4_S;='N M4ZZYS3$0OKJ$T(,W?C3`L;_=.GO3[-TWN0 M96],S>O(LK<4_IA9]H:DG'R6O16?W;+LS[MGV8N7@_]#LNS[?9!9+56;AB*K M]V.)_%;1E<_EF;#&3JH7)/XJD^JKWDJ7Q`4>.J'G&/N)Y>RT"Z=_"KI2*OYE MWC3$,$;:=S4'HI.<5,*(5CY%=R/Z5_9.BMX9_UR:])Z)(L/8C_OD)8CREWO: MAEY:3/YX$(PVMY-:*J6:QM%TJT'4\1(H!J!B!,3Z-J9Q%J0QT5!VO_N7X*<$ M76)6!.SC]O'/*$_0BF"(DAWKLT`O2>D>&$3A/S"ZO+Z:+ZZ'/!SN'S.R*9/Y M9[0==4:;8N^#2%+PU@P$XIAEQL;A+*0>[_C`8D),+E/PSS$6749LR#[8T:H(A]QT5)/QPH2R/$T M9ZIR*NVY&<]A-"*_L=(J*.'>3X!#OS!(;]>:HN*P":"/*ZVM.K$]+T#K3%+) M6+_,@`L<:[2'3*\L?6P.[N.*:[)G:."D?$%9.9$1VS4X013<@_K+:AYOPAA? MYUA>#<$4VL>5V&#.;"%*N0):AR(;]J:00B,&WFD16MWL$M8NM>?Q;Z23=[K#A?\P?S57KS59)^I#'H MH6]]M-.=V#60H?CZ/]>VDYM_%T5Z08WQ+)M-RCH>\X(-AV<&]*[E8UL5&Z^O MDSI*,1->'%#&U_M\3W;-#;]EXF\09@_SNQ.T7T6QHY]8%[]I3"_<\)+\N$CH MKT8O2V$]_8G9MX[B':HGY^F?_[`4Y9F]D3@:[I2L)H3X-_;6[:A4C=T@> M2-3:Q*&SEL2A2=E/>8*>#Z+&@JB?F:@3O:C=V>#9=A)3X2(9@!%AM-@Y0-]DS" M+?'W$07%-'\1KW+UN8.FD`#W2W9,57=(9F!N[XEL:&HFJ7)@ MQ*!KMYS.\@MUMSVGSI_VHF8V#%P M92CO.-Y%(NYFK.Y=U;*Y3>,L@,&*3UJP=E1WT@`2HN2D,5FRDH0%`GHU5?>G M>#W&(#XT1@@'!ABCSAOZT+810)'85N0B=`J?#Z/4E7N,TQ:OB1?DM48<]^;"F58\MB`^PBI!@.H2.=:$_Y8/3F9O$MW!(O6T:L M0]FBKHV`6<8M1)8+5T'=:$NU3HZT\0GY\SC]D>@-E&PIFM"V:Z7-93":K7S9 M^?_P9Z@P_E!2/'OLZ)E$:.RH'CNBE&(:\C$G>[1^C<$GW<$XY MW:^'+-5"4VV?DFB%TXP7X)ZN5NQQ0Q"9U-2T`87I/^V;4NGE4?\R* MO\J#+P;@XTX-$5#8U7%6$3?V]+!DZ-^0,*8K!H$ MXM`/Q'F3/9/6/GT"\QS]H44%?^+<&G^4#84(P*O)/@3=V\->'P@GE?,`PJ9#T.\2'OQ\PV9BOR;_(O\0-\6DW_\?U!+`P04 M````"`#M>P=!V89@RHPD``!BM@(`%0`<`&UE;&$M,C`Q,C`V,S!?<')E+GAM M;%54"0`##6TA4`UM(5!U>`L``00E#@``!#D!``#M/=ERVSBV[[?J_@-OYF$R M5>/83CH]G:[N.R5O*=?4C0)2;Q-$0H7+_/U%^`FB@1`@(NP2"\= MMX@#G!4X.#@X^.6?+RO?>@)AY,'@US>G[T[>6"!PH.L%BU_?)-&1'3F>]^:? M__O?__7+_QP=6?\^N[NQ/H,`A'8,7.O9BY?I;U_L\$_K'*Y?0V^QC*VWYW^S M'E^MNSOK`@8!\'WP:AT=%9VP7!Q_/[DY/3XWU]N[ITE6-E'7A#%=N"`-Q9J_W.4 M_G@#'3M.":J`OSR&?M'!A^-R+&H+_']'1;,C_-/1Z?NC#Z?O7B+W388B1_]O M"F+P#R1R3C]]^G2&!9OX30!W=@;N%_O]Y=ES`KX&-A(.F`Z)T#5\>X MP?$%=)(5".))X%X&L1>_7@=S&*Y2\M'8N-^?X]GG#^'J3C0R$AID6G? M(/-9"&')V=DPO%Q"WT7KY^7W!,V60GRL0?9&YW<[#&T!`]BT'\`B?>P0S.PP M?D4LCQ(?'M;9R)]<%^]/EQ978QTB0KAB&[C]U,N&(8"W4YV&PGAF,= M:@<>[06(;<_GQE"@PQ'\6T%D&1V,8^6"^+'[&,G.!7%LZ61<)$\'P?)T;#3? M#X+F^['1?``O<6+[@R!;]K6;J5Y0:<7ZW"D)@D+HU/4(6X1)NHV:'3M$1^G-+[LV3C;S%\1IYTD%\Y"P]WRV@YR%<"7$KQP*24((#1R.!S M@3_:H'D0D>!>H*F3H=2U=EKQG4)#SO^?9+`_P_T.+#R,C:1+CE!J<`D2?CIA`&LJ%35"Y3LCTD3+#S;R'*_1;Q/"3"&VU$@J# MCL)DI*P:VWCA291/$I66&LNA0D4A!:KK],MQ/:S0-_IQ9OLXT>]^"0#_H7D- MJ'<(9JN_6IAT,#5N1TMKWSXW"EN50%F1XEJ`1K^V%%-,MO! MHM-3'"XJ$4)_GT/4?X`31W-`*X?L;/-S.WI,C2B)CA:VO$WG5UZ`D/'0'`4CCQ%!0MAP@G6?Q+H3-(DBQ$H&ZO4&,B8Q?A9NYC`2 M[O1-'R)F#I"3[-YDE%.133%]`N$CC$#:%L-Z,$23*IH39+.DN0BGT"':'WUP"^*<8R0;9C976LYLU.D1(:W% M6YR^O2):">+<_JRT^+91I1_1:"VN60C6MN=>ON"<'(!FI?3T>XL_!"ER02DM M7"X*Z.<56LN\3;HZR9$L,=()7P^1Q3"V?:E&"M<@C%]G:#>8QC20U[#&6P/R M',MNKJ;WR\;9V+4RMH.%AQR#C#F(ULL7QT]P)/8SA.ZSY_O$-90'3$TY\^%N MZ&)[D:.;[>?!.8P0`V#@9+,7V9@Y8-24-`?BAJZO%5=B0S!!M)1V:HJ3@NPX M"ZY\&6:44ITC5:548,*Y4%I M'$:L,*`]',QJ+$OJHBI-D/R^A(R+<-K,?L6QM/:08;VA`C+FC!C6,3?WYKEBY76D/UA4K#W-#-:[H!X#)5:DOU94I% MW="M*I<\]10E0XJ&A8VF&`/(MH MXCC)*DFK"%V`N>=XI#67!TA]J?-0L3<>%I=GI8-425@;'YID=CNGUGEP+PH5']8]W'\?VJ6B%`T:]?UZ[AY]W75Y&/^6\ MC&Z]W>KH;X?+Z<.G.%6JI;;EQG"`Z938R$>1H8&J[:`<(GH:ICQTT_C.#(3Y M`SDM04@ZH$Z:P$N3H4&O;?*S>DV3)%XBBOZS60.H.M`$T%?V35H,#7F1R+Z. MHH1;WD5CW65=T&%HD(M$,KTB'8U)TLO1#2EQ4BDZX^X65<+V`HL[%Y1.\N.DVKMFR9>]B*M74'8P M21.7[_'=MEW%T2A5(VLAM`_T>HZ;#BPXMW`75MJ']?9K8">NA]8_V8&TDBZ^ M`!JAN0P3Q(6U$":S$#YY2*9GKU\1NZ^#_$F:8#%Q8N\I.X2CD]6E$P7,E2JQ MPDR[T&7HN15B1?:R$WXJD:P"U>^RI-M=G2LRKQ(R2J14]A'SQ/V_),I2CQ\@ M?I<3+5IIC;T-Y0^P_[0PSC#ZJM8X_##TFLX%0.@C7RJ5;N!.5C",\Q=OB>?D MC-;23E)'-+/-Z3J#<$./>5*7N?$D*LG=HC0T62%H-!MZS(,X%P)$[07(_JWP M*L_U92Q0(L`FZXP('UA'"AHO-TT6-(L0LXC.6B)"Y2B',XJN.'F27+\5A]F)QBL.DRZ67Z+S MBA-"!P`WND*,3%,BIRE=T>4+"!TOHES>:851;.;@4/O*DUYMQ!EZLL_/NUY3 MA<[*(4+E*$%2V+I/-W*XRN]Y:N^C`@ZN;F^VU8V7;W/4HB! M\>'GB-]1=V`ZGT_G7P,[NVH!-E9"DBD_F*D)YOP<,#2^V9:B0,PC%076*W-# ME+K"0^U>)I1W@MC5C?AIN+"#_*(66@?/[,A#<^.L,DK)K_QZ/-(NZ\C:K+_H M?ZJ=6':`*TVB;O`-^:V.9+QY6,'L'`81]#VWH+6*6Z5FPN:*/\/_'JA?*<]` M]D%](_8'I&QG/OG-AN&'D#6M#*H_Y1N5@[-G9S[KKJ:E/)D2NP&+P"-/0^_K MTU`.9%6AAMF1U9%IW:,+P`VT::0/1;-4$4`9]B?,^\K.CXLHXZR&<#UL8RX? MZN92;2W%'#%;R_&F&PBQED1V4)M*6T'8/"S7#"KB MQJDVOCD=Q/GU-K2YG84P0'\ZF7_95/6/33\+=V!M>K!J7<@KO(^W^TL[6*1O M]5R&(0S/(1**D^8ML4H$"8%+?%F`B2%K`1*$EQ8%["#'VIL#O"0:9]BW(,91 MTAD(\[J.U4+$&WO^L6[/",["@!:"M#)0*X.5H.?%6WE%!6&&T=*;RC#0.C8L M8V2TE65X;7POC(R!NG$&E1X140L\;2SJ'W6+2@&/4DAK"U1&`;,2L>F\BDO^ M)$MZYI%*\A&C6YR/,M+QN,FS3P M`NIEYYCG,/5&4(/L\<@;+_86E#GDI_H<4NGG[]963^D12Z4O216S<^1PDE\5 M.[[\)3%X647!6U%DS1"B'4A+O.DBRVH%<1$BC3-W^JNX&]O^1/0/E;&`,^&Q2`E>9X"SXV327`.-/ZW0Y#FQ22.CVI&U39 M5()^%F.C^>_.6RSC:%M"#.OBAAPDBGOO+(&;^"!/?6LH58$-,[[;H1-9AB4H MES(2W(%$XTRO\E[G*TY12/PT#6H1`DJ4^+21%)1W8:5]6)M.K$HO$JRU2MD# MDF-DMP:'VT%D+(LTK/@61B%H61;,*ZMBL10BRCB;35,6LV39IGDVDF72UE;> M7$8:&A[_%@:PR+',4"D*=3)2[S@!I>36;410E!K-\>),G!.#EY85)R2[,NU- MC#CC[/,^>8S`]P1U>?E$7D,;*3H;$"N'D7*-<1MOYKU%6E,Y]R^WL6%N%.EM MY=V48_-]<[^2BKIQ-L3.79A!WW,(R6\_B.&9*\37[ M+\MDQ;O0,:E!G,J=7725FM?P@(MR-RS]HT!V@_4VZT.*@4M(<^`+"^4UGI"& MEG$.S"61H%![%RHG.72CR#BC(^<^T*R..P-"JM$=4B%J3"`_TC7!*K[(UIBS MU\;I_>39#EW>U(A!1C`O56(0MAAZ3[DR]Q(Y<+E:^_`5@'2*F26ALT0M<,E; M7%(HXV,4):MLRF8N7NGN:U2F\9.SY^1:LOZ)=(4X^(R4L`5,5(V MI+XI,VRZC#.T]O(Y%R"V/;]A@S]VK:)CO`D^QJZZN@4EEKSB69@X@WJ:A\[;NTQ-JAU;@L0+1- MGUK"Z4[KAJS`Q<>ZM_8*7,"5[04D.QYE&&F9FR2-+NUX%%(5TYK*0>H7L'H$ M(4GFA$;2C'M$-=^ZE%VC5SD/>]`S&:KH:]]-EGJ-5$/?76_E)(V1R-\'US%8 MD1;^(3HUSEL8@BET)52A!!Z.`CK(KBX\/T&[U?3*WV:#QCH/ZMR3LA,0M]G0 M"NUQLV"3ZSV!>^`D8?JXS^6+XRF M)Y"5Y&5D9%]`O(0N].&"53=K)Z,:DLJ["U:9LR9N&,MFUR,/NW#]!0>)[`&$ MJU.:&H\TF':>FOB$L*7B(['1T+C#H%(J6/8;1!.4YR.Z[C:IP6//WBV#[YL9 M[(BMIMZ-VP$+[1>)9E$,?C"+4=B:F\5/![.@L_#.B_Z\"@&X#F*`E"_>X5K! M'/I@$B,PM7C1]^1@$8(\R##0S)S4+YS;D4S@QMES&?2FR[<2^M-;AMG1["V]J%M_/TE6D21[$=N%ZP MN(.^?P5#_''(J:QEH#T/8K=PQ["X]3`6C#CZ'=\LIEUR.H;<&PH31V MG=YIN(_M,-98:S]GE^&#[(;&YQ!&@Z9'L48Y:*XPR\9)Z9.6MIO58+A(0EPY M-C,GS)*HFKYZ^0)"QXL`<!(^.<1.@X&4I9PK_I>-0L=Q'_=CI@ M7#1;QR\#5V/%S:T9)_&.IKB$,0YJ*\BPP4*7RBAMEZ21)G^N@Q@M5I'GI$&P M01-].`;;`S4>B7.Y/G_8CTF8>GN"Z++_#G"!,N!.D%]D+T#A<,U"S^D4B1]R M]#W0^%VQLIC2#XD\5%%M3QOC^M3UL?96PG< MRY>U%Z8]E-/%"/K-,>9!SWLR<)S$,R,U?&C/9EQ\#I8Q(G/+PQ1#S&:8?5*- M9W<`W];'CZO!(#V<36Q_\`LM?;#8`Q/9-4L+P^B]+=!B9\POIQVO'9PC'V+P M`S*R#'+^].[CZ<R:I85I'.I3#>$L[7CT;T;;A`1F%M9P.LY"H40R?SF;5Y+Y&V7C MVY/YWQ^2^56MKYSEF4V2>(GFX/\`]RM2G["2=H;K%T9GKUO:?X>-J6O1Y;X# M&I+R6O;OJR3IC=+!)H&"IZIZCJ.6V#6*V M`R@>G5\&*]Z-<$7<_@,=IL`^W!NJG"[MN2(\W#0`Q&K:Q!8:SB9M$_#FV:(: MK$9MDBQTL)X*59H5:XL.E.*J$F;-6ZU,5^256KWJHA:1V:>@847 MX!#L=)YE=`A7A1U^8".TM.$]C;+X,[AH^MW[KG*!SR#,);3R1E?SQG!&*'?K MK#&.IUOGI7(NEX+Z_G6]WJ6^-X8[Z/MPO%3..550W[/+E--YY70M/V\;6_59 M(Q^L8!2VFNSA-S(N.O*OR;?!TVLD8+:'!J4"VTTNP+PS_FZ!E#IP9J/N'('K M[;+0.YB>/-[O5[WGGAY#)0]WQRX@:>0]-)M=L-7H>L]#S3M-QK'FG=&7(&%T M]M!VI/%Z=S6D>QZ!W8(XI9!^`%9O880:48Z_ZK3NS%-7(GGX`7688.(:*<0? MQ%.(\\X.B<2J)A(+OUDMD#,LT/=^I`<+,$2'9+C#4_!*/P5/".5*>;H[I16- M0LG_KGTW3J(U^H9*+)1=BF]#5N!B]^K67HGF5_<=1I:J$#6Z?TT\%JEJ+0=H MSS6'X0H'TC+/F[AOP-R@ME1K_S",PA10A26\T"7M/Y)K)!$C>] MK0P!=]#=4HIT2I23VS!SZ^5J[<-7`++XU7,`PFCIK3')E_?3695U^.6Z(")M MS3OTH9%>=*30T)RODA,@?/)REZ/!S7,[6MX!!WA/P+U"O"^"H6AMK#Q6PM*D M(7K75<>&H-WD!*O#<;-"6KOK\^+>YR(QFKO-U.=]O"&ABN;2KC@<$GX.=QS4 MU%C:)04S$W)ZE/MB/AN2?KRP8U"^]3WDV5-7#(S0ZQ'YHUZJC!JJ7LP2)2\? M8&S[HS_TPC?LGBDU'U,.[Q2UUF@T_\U/B5K*?,13G=LFK`..'M1_#9Y`%#<> M,1ZX;XU4:F#*1WJ'1/KLUIK"H$KR`>GDM7XNJ6;60+H!JNH?1I>:.2[!$DX*`_'R#^:1?^`?_0&LWPNV7,8`\M*+8`<)WU MW,)\(4QY%Z7^_]99$(SB6QC_`>([X,!%@(,_V5;A"H;Y3[@=Z5K0KA'03,-W MS1Y37TT8C8]#G"/W'_>@U22N#/9(FISMWQWXGGB1%Q=LRDP6T?L`S\"&9E(P M;+!>-5*LP6AF/DU<$?W>>+#%:7A^P/-D>SX^$4>+1QK3'M)C;1U*(X4^G#L#?)/%M7KFLU[FC_5KVE6NON[ MM=6AA7Q[:]-E>6]3RGW-"IJ(T"T\-^0PKF<*PLN8>*9K@%_]#18W`*EY=)7@ M]X"_>(&W2E;%Y<(LEPRK.(/6KAW)"IQTDFTQ=70EUM#\8!YV7"3@/`FQ1#HJ M3[4#64K3SUI$M*=*[7YKS77P\`S_`'9(VL-UZ&,O=*=*L*%)YOR^L]"E4[V18,V%)N: M+LW)B^YZLR?*,F!Z[]VFX\X-[\+"V2WD=M2SEND:*<>$99L^\0Q_);W;>` M(\)5;Z^MP#EHVUG\8:?%*I?01V1%E]\3A`3UY.,3L4!E#OM7*X.6>\B1X>4%-M+08/$0VD&$$,+Z22L'R0,E:ZTD\[T\G.1!7;%L M6B;*M+?6.8"D%0#B5SH^L2GYG#F;2#0\O88>-ZB:$B06R^.F228Q3O$>_3-"&Z,-MAM!-G.TG*'3=2!#J)5[,0+D)[11=@LXUV`FN2,,Y1 MWC!&UMA935S7R]#CJ2@I`JZ>WR].@W*V-M#5QP+YE!DS.YR&Z32390'/0)AF M7A)\&5Y`>9FJX@I>7J7DI$VY!74,G:C7LVG5A2:`_CK0I&DOYH.,[.LH2KCE M7C0V1>8%/89FY9!(KES\Y!3Z%H0IDM\BRM"4&KQEQ!L+L;6?"TI'->`BS-3< MF`KQ+6L^!\2W'_33`$ZR3*U6UB";O0ZPF^LF^W:*U"OMQ;VS[[2?5V87+QAO M9VSO:9OZCXI+M+HL):&SM",P680@C05FFDJ+;[=!*62F;:DN/.0HMR'O(%#J M178.($/$N7T#79UU=NBR=;Z(&NG1V*Q0 M;M\O10E9;UWO7D'9V!R4EXM-AD8T.K.TP%*C=U\SC'UHM*WT\VGE;C:7B'I\.6.&`KB!Y2YZ-%FRC@-2YF:?O3.<() M84[UU,GM]!`9@P!M:M[/DD?? M&66*1&]!+"S/=AB-I-E.S$A5A(?)+U]A+[VL#IJ]N$?-GB=FGPOVH)%H14EC MUOW5J]1O8Y&A9C)26^HA:"8)18G<\=?57=T*S_=G$>TN^.E)_2YX`2'W_G>! MQ21PTYUE=`MCP%57A1M2F:`![:(XJ[&L#!-!N3"C!4K>%R=B2KDFSF@KK=9- MJX(Q1:+B77`BHM3KW\S62DF%=-&;B;T&8KEA7.EN`U!*./PF<[.S>]OWSA*X M"=YN%+-PYKT-_-N?_K83HDM&6X3W%M9`?EC")[``_*'8/G@#Y ME3]>(*4$2;GWRT&&"@\`"DGN%NFLJ."J,/K*K4K%.!F(6J7%T#.-1GVS46A8 M>9MTSL6K_SLX(NP8:K*)0,23N^6DE6$]/&B58&WM_J156#S&`0PQ`'0D= M8@"J2>00`U!2+(<8P(@Q@&+NY;BG2&VJ%)/I.WXJ_KIL]+<=W0=87-YJ.2WG M`I/FQ[0A9',(V1Q"-H>0S7Z%;#BF^IU':I3/CQN7&PI<+N7& M1F6]E5=;+00G5Y@)PSI@-_C.`QJA??F`W55FJ M;,QS,?W#F#L/=^C7&*MF&+\B)S)*_+0L05$RC7X7HI$/D?=DI5U9F[ZL36=R MKTE42:U4>HP8N1'M(%+F[3(]B(;?V>O6%]KC>MWZD170Y95?.3=W(X\5H)>\ M8//104F^$`&65I.UCV871VE^IQ!I%//9U?>"%P$$QT!<,5",^7MA>N;,:Y,Q^<"A9%.;GD(T"7W($, M^X(8NMC([106$QEA7<[IJ@32A4)JI;!(2.CJ4I67,M]R)+KQ0JH@.*YR_+P$ MJ9!W,ZK[00G%,5M+"\2(*7"+F[$505-^,OT"@WCI(Y\J1K,2>29M--%(3F0" M%'ZQ=/.."X=D&(UUDQ&#%.7.C@=ZE"Z+OV,?^0HT:N7A":;10B.A$O'7YBBV MDN-P^8(/4D`TG1.DU-98(X&UD<(\=I22]\2LDX9T#X<&'F"5$VE9L/(`@#BC M\@/K)EL!TCBC7?U%O:MSI32'Z3I`_P^H1TCOZT=(*9"50\)ZO+RB7DV^Z%N6!M(*P.5:UUU0ACV1&\JY>25^68@]9R5!TI: M_+]%%N5I*@\1:MVX9:-,.2;E`5+SR4KBR0P/.3I)[0$-3ST-Y0=54X*DLU%^ MFH82(\W+CU>S$"Y">T4_`FBV49/132W:..T-$LR)'`L^> M\)Q=CY&23BNA3;>Z=AA%I4*WPG:2E`OW'\KI=#/#]KHZ']1P3`YU=7;C:!P* M2.A:0**QERR/F#@R$P2`5=XKB])"G^/T7L=T?B-#5(UYW\I0)_]N)"&W/.G( M;&Z`N$E/.JKCH.Y3Y:U.,A6NQ:5.GJ#L"Z&'BA3*:[>"#-0F.Z7.\`[NK#I. MK%@0D.K3TCS94]6%65^VB9XILZ4RAB_ZKKSA_FCUK4E,*M)NYH.;:GM%PTR@U!!R%W(LQ07Y485:/O/_G!=%`$ M?FK&22*M/N&AC/"WJO9LGD[)O];W$_VZ4D9)N%S_?K3F*O3)F-S4\BP1\6*: MI1BB'4P]C0Z9#,Z<*]JBO]$&QL4)B.[FU\B"N+FT0^RH1#/\-'@6 M5O"<2>!>>'X2$P\#6B$4EW$K_L5ZK(ZH:145MC&O!76R2M/3>5O8OU]7"@N[ M'V'E_EL9+1C&X&]!G/'N!D:D`&[MN\+R)6`[6(F^&,:VKXK(V'+0+T3?D-94<=G2$5?OI&%@SYDY[1);2;O< MU>;L-_QEPB1LUAS\&02(5!]Y$A-WY05YTNL38Q)NA5!>NJT4*!>J'JIZ2P00 M*Y?8;01/P(=K/%_1)=W27GDYM^!OZ$G4YQ#-5K,0SCW2`KOU5?$U=0M7(V?? M`]$,^A[Z MW@BO_W#2N*5>@;+>%G"2XN@9)J]<+Z@S6\O:ZZ4(W=G/7Y`6AI[M9X)X9:%/ M:BW/AEHE4-WU4?&7:UJ_'&-,'^T(H/_Y?U!+`P04````"`#M>P=!]O%.!O@+ M``"7?P``$0`<`&UE;&$M,C`Q,C`V,S`N>'-D550)``,-;2%0#6TA4'5X"P`! M!"4.```$.0$``.U=66_C.!)^7V#_`]XU^(Q[A6!(;/5&Y MTF5?,/^&SMAZP^ER)=&'LQ_0?(-N;]$Y\SSB.&2#AL-(R"D6P,N\0-K!WCBL M$]:*N!B!1IXX&:RD7!^-1D]/3WM/AWN,+T<'^_OCT>]?KN\TW2`@/'J>F MR%5)Q'`XHIZ0V+-(1.]0[UL%N:J>@X);\3GZ4)OQY\^?1[IV@"3F2R)OL$O$ M&EMD2^X21SD0/$K$GL5<:&)\L/_I<#^2K@CJ4!.'N,23EXR[YV2!?4>>#+[[ MV*$+2NP!PE)R.O'@XCI@\@-MWB]UK2SY2?",@&@(5X=3:\IF90@;H*`@=8\]C$DOHM/IO M5;)>4V_!PC^A0"%SQ)E#[H$=J1\/MU?EOE8$HROO$;S,."5BQAP*]6*`J'TR M**K8-A4U9I,%]:A6:O_'_4,T1.=46`X3/B?P1T(&^A!)^>%XE.7-BO5AM$R] M7_3O-2<"A&C+KZ$@Y`Y)JC@M[%B^LP-CK%DY7U@:>?ME(-R!>;JWB^EBNE8S M#;0=XE!25PD%C"'P_I83?I\QSR:>FH1B>8@M4"P1?7CPL&]3F.1ZA/((^7-! MOOM@YH7JTN*<2$R="**2RDJ,/HUSPR66@P)!Z$,HJDEBAKG/8UZ+'4-A1-7[LP&L#\.3>W)1KY#THU@[!G MH[BA?O)[7:B;8VP$]^78]I@6SZLZ_P7N7,,>M'2\UJ(T8/A3?E.EI(8)N*3< M?CR^$+N#&J@=&/'*;;[,>!WT2#5#:EP#J;$1J=S29T9JW"/5#*D:0!EQ:@Q3 M#U(.I!LBKYD0,\)5#,"\NQ7FZ313)84!HD]9B$`84M(0B$.!/*0%]AA599\> MB>>36V*Q9=!P)M]45FU`)[M`?N`6T4\B41K*0P0%8<\`V+`KX>H2;Q7A*@*@(#/DVBO1Z@ MTF#/`A,GEL5\/07-.//@IQ4<\*5OKM2D-5QF^9@/`Y58%,M%:<']#9<*_,Z9 MY2LOP9)T`$02A=5>G\\+K]K%(I!@9S>\Y6>G\$*X,D5D=2*,N(5]09, MQC4Q@4DK*?;=9JZ_#T;)^W=G6*PN'?94<#4OKJI&YK#NS3PE$&F);=S,^_O@ M8\X?U,TS5"-WL&N"H8?,G+DK2]F9(*F3J^O]7W'G.W?7V^3QJCO>O:>SGGX0 M9+JX$))"[!DY.U-F\/>/67\#NYIAM@)ZIS?;*];9(YI`:;PW[$&JE7&IR+68 M(*F?9>FQJ)>?K,I,FM"HG9/LP=@I^]\@[V^":O>,?X^=^0YQV>5A$RJU;@WW M`)0=6*:/*@W.+C^D[!W<]).?>M_ZF`#9Y2.?'JN*+^1RG\:9$*C\)JYWM>GS MT.+O0DU.-W\0^G_@>?6/>HW@EBR0?FO@2'T,?S(0U%T[ZHT"7;;B9'$R4&`, MHR<#_@!S]YY=)R)1\BM>/="X93T4-AR)P-S*2`?/FQH/+,1Y0ZNOE?PW,ACO>>A1WIV$2%V`?-5(CX7J9"[HF06EIDN90.GY4. MXT\OTB'YMDDS/9AWLZ,JR9=9EABO4P^SE"BA%2AD'!%'BJAD&(NJIXN6*XBU MMV2/,-1H;5VR/.K'RUHGS]:J2N"K``M,AC@1!OI+P&V?^.B*D0`+-4L=1%\\B44$= M3/>4V?=:K.WS,.\T2AL8:*S./2U0]YPZ/FS3OA+U)!:Q)X^$XR6!,3XG?+K0 MV5M\2"_8"@"QITJTO.7+U5F@A!I+AG MLV#=W"@PO_MTK=@CH'=D3IKL,H](S#=O8G10-P\NC)P,+$YL*DNZ0,'G%MN= MC/K`\M1AUK=!TG&UZ`-;@S>VCF14_LX0EVN:';KU:+LT=-.GD45(E5)T`)NT M;EDTRFJ[Y'_ULI_M.Z!H/DE\PR39?FY1@,P.O!W`+*/U=*W(U9E%ZLN2A,Z% MCC*S=5BJ>P$VFHU8YL**Y[XZZVU;A93RN+ M^'.3@Y&N8W-#,-F55G?4C'`?QF8^MU:PKB0&1-:D2M*6<[=?8(%?.9M; M]?R'%T=MN>*.SLL3V];;*.R4&%)!T%&3;HC4,7,ZC,Z6MAU$GS+,[>GBG')B M2<:%^A\H8!%?8_8A5O:#;[8Z9KVY*+YS7EFR")IOX[%$4] M`T0C"\KK`\VCP_QMSNWN_:,H/<9S296)BI>6FO1T$Y.$V?S)DUI&@B./!^^1 M"!E/'Z\GK^4))S%11.'B]GIW>F-6A[+=K6:5AO_%CD_JF!(2MK19,\V0._>[ M&^8%72]([%Q!^UQ?>!$7SX1;5"A]7]R[:[;2;C=Y6^LRMVC"&I+*#[2I0;M9 MDUP:Y\$3S%'+'^$N];0?@F0/E6!"8.8E5'@6+!F7V**._L"K.(C;55J[_1&D M"@&QF46(+=1UI#NLTBP%&_PZE-W,,L%VLI:%9KINVC=Q57IY&W[KF/MN19S% M+5E2E4\*XI[PK9EMLJ`A5T<7I;(!E@YT351MA[GECD_;8:9KVY*)=,.M7EKS M?'G;FK[!0IBXJ-K24EQ;@W:7XNR' MM8*@J[FP(#:`&4??O&-)9'2P=!O]^$VLM=``!?/P0`$0`8 M```````!````I($`````;65L82TR,#$R,#8S,"YX;6Q55`4``PUM(5!U>`L` M`00E#@``!#D!``!02P$"'@,4````"`#M>P=!"WADV>\+``!AE```%0`8```` M```!````I($67@``;65L82TR,#$R,#8S,%]C86PN>&UL550%``,-;2%0=7@+ M``$$)0X```0Y`0``4$L!`AX#%`````@`[7L'01;)")!W$```A4@!`!4`&``` M`````0```*2!5&H``&UE;&$M,C`Q,C`V,S!?9&5F+GAM;%54!0`##6TA4'5X M"P`!!"4.```$.0$``%!+`0(>`Q0````(`.U[!T%X2`L``00E#@``!#D!``!02P$"'@,4````"`#M>P=!V89@RHPD``!BM@(`%0`8 M```````!````I('6N@``;65L82TR,#$R,#8S,%]P&UL550%``,-;2%0 M=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`[7L'0?;Q3@;X"P``EW\``!$` M&````````0```*2!L=\``&UE;&$M,C`Q,C`V,S`N>'-D550%``,-;2%0=7@+ B``$$)0X```0Y`0``4$L%!@`````&``8`&@(``/3K```````` ` end XML 14 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 15 R25.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization and Basis of Presentation (Details) (USD $)
6 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2011
Dec. 31, 2010
Organization and Basis of Presentation (Textual) [Abstract]        
Proceeds from issue of common stock through ATM program $ 20,000,000,000      
Total cash and cash equivalents $ 17,211,098 $ 27,996,871 $ 20,942,709 $ 30,520,812

XML 16 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Consulting Agreements (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Consulting Agreement with Breaux Castleman [Member]
       
Related Party Transaction (Textual) [Abstract]        
Amount payable under consulting agreement   $ 6   $ 12
Termination of consulting agreement     Dec. 01, 2011  
Monthly retaining fee     2.5  
Additional retaining fee     2.5  
Consulting Agreement with Gerald Wagner, Ph.D [Member]
       
Related Party Transaction (Textual) [Abstract]        
Amount payable under consulting agreement 7.5 7.5 15 15
Consulting Agreement with Anne Egger [Member]
       
Related Party Transaction (Textual) [Abstract]        
Consulting fee payable     1.6  
Consulting fees outstanding $ 0 $ 0 $ 0 $ 0
XML 17 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Use of Estimates
6 Months Ended
Jun. 30, 2012
Use of Estimates [Abstract]  
USE OF ESTIMATES

4. USE OF ESTIMATES

The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires the use of estimates and assumptions by management that affect reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The most significant estimates relate to stock-based compensation arrangements and accrued expenses. Actual results could differ from these estimates.

 

EXCEL 18 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X M,3@V,3!A86(B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I% M>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=OF%T:6]N M7V%N9%]"87-I#I%>&-E;%=O#I.86UE/@T*("`@ M(#QX.E=O#I%>&-E M;%=O#I.86UE/DEN=F5N=&]R:65S/"]X.DYA;64^ M#0H@("`@/'@Z5V]R:W-H965T4V]U#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/DYE=%],;W-S7U!E#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D-O;6UI=&UE;G1S7T-O;G1I;F=E;F-I97-?86YD7SPO>#I. M86UE/@T*("`@(#QX.E=O#I7;W)K#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I. M86UE/E)E;&%T961?4&%R='E?0V]N#I.86UE/@T* M("`@(#QX.E=O#I% M>&-E;%=O#I.86UE/D]T:&5R7TEN8V]M93PO>#I. M86UE/@T*("`@(#QX.E=O#I%>&-E;%=O M#I7;W)K#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O M#I.86UE/E=A#I.86UE M/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE/D]R9V%N:7IA=&EO;E]A M;F1?0F%S:7-?;V9?4')E#I7;W)K#I7;W)K#I7;W)K#I7;W)K#I%>&-E;%=O#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O M#I%>&-E M;%=O#I.86UE/E-T;V-K:&]L9&5R#I.86UE/@T*("`@(#QX.E=O#I%>&-E;%=O#I.86UE M/E=A#I7;W)K'1U86P\+W@Z3F%M93X- M"B`@("`\>#I7;W)K#I%>&-E;%=O#I7;W)K#I%>&-E;%=O#I!8W1I M=F53:&5E=#XP/"]X.D%C=&EV95-H965T/@T*("`\>#I0#I%>&-E;%=O M7!E.B!T97AT+VAT;6P[(&-H M87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U% M5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O M:'1M;#L@8VAA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^,C`Q,CQS<&%N/CPO'0^43(\2!&:6QE3PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^06-C96QE2!#;VUM;VX@4W1O8VLL(%-H87)E'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S7!E.B!T97AT M+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^ M#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT M/3-$)W1E>'0O:'1M;#L@8VAA3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$6%B;&4@*&EN8VQU9&5S M(')E;&%T960@<&%R=&EE'0^)FYB'0^ M)FYBF5D(#$P+#`P M,"PP,#`@'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6%B;&4L(')E;&%T960@<&%R=&EE'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$F5D/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ,"PP,#`L,#`P/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$3X-"CPO:'1M;#X- M"@T*+2TM+2TM/5].97AT4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W M,&,X,3@V,3!A86(-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S M-C0S939?-#9D.5\T9#(V7V(Y8CE?-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V M7V(Y8CE?-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'!E;G-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$2!A;F0@97%U M:7!M96YT/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD(#4R,BPP M,30\'1087)T7S!D M,S8T,V4V7S0V9#E?-&0R-E]B.6(Y7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQAF%T:6]N(&%N9"!" M87-IF%T:6]N0V]N&)R;"QN&)R;"QN>"`M+3X-"B`@(#QF;VYT('-T M>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M3IT:6UEF4],T0R/CQB/C$N($]21T%.25I!5$E/ M3B!!3D0@0D%325,@3T8@4%)%4T5.5$%424].(#PO8CX\+V9O;G0^/"]P/@T* M("`@/'`@#MM87)G:6XM8F]T=&]M.C!P M>#MP861D:6YG+6)O='1O;3HP<'@[/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@2!F;V-U M3IT:6UE MF4],T0Q/@T*("`@/'-U<#XF6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0Q/@T*("`@/'-U<#XF7IE9"!U M=&EL:7II;F<@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@2!R96-E:79E9"!#;VYF;W)M:71E($5U2!I;FET:6%T960@82!C;VYT6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@2!R979E;G5E3IT:6UE MF4],T0R/@T*("`@1'5R:6YG('1H92!S96-O;F0@ M<75A2!C;VYT:6YU960@=&AE#0H@ M("!-96QA1FEN9#QF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@3IT:6UEF4],T0Q/@T*("`@/'-U<#XF3IT M:6UEF4],T0Q/CQS=7`^#0H@("`F2!I;B!T M:&4@3F]R=&AE87-T('=I=&@@861D:71I;VYA;"!I;G-T86QL871I;VYS(&EN M(&-E#MM87)G:6XM8F]T=&]M.C!P>#MP861D:6YG+6)O M='1O;3HP<'@[/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@7-I8VEA;G,@:6X-"B`@(&1I86=N;W-I;F<@;65L M86YO;6%S(&%N9"!H:6=H+6=R861E(&QE3IT:6UEF4] M,T0R/D]N($IU;F4F(S$V,#LQ-2P@,C`Q,BP@=&AE($-O;7!A;GD@96YT97)E M9"!I;G1O(&$@28C.#(Q-SMS(&-O M;6UO;B!S=&]C:R!S;VQD('1H6QE M/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@2!E;65R9VEN9R!M M961I8V%L(&1E=FEC92!C;VUP86YI97,@2!P97)S;VYN96PL(&%N9"!R96QI86YC92!O;B!T:&ER9"!P87)T M>2!M86YU9F%C='5R:6YG(&]R9V%N:7IA=&EO;G,N(#PO9F]N=#X\+W`^#0H@ M("`\<"!S='EL93TS1&UA#MM87)G:6XM8F]T=&]M.C!P M>#MP861D:6YG+6)O='1O;3HP<'@[/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@2`D M,328C.#(Q-SMS M($%432!0'0@='=E;'9E(&UO;G1H6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@'!A;G-I;VX@;V8@=&AE($-O;7!A;GDF(S@R,3<[2X@/"]F;VYT/CPO<#X-"B`@ M(#QP('-T>6QE/3-$9F]N="US:7IE.C%P>#MM87)G:6XM=&]P.C$R<'@[;6%R M9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T*("`@/'`@#MM87)G:6XM8F]T=&]M.C!P>#MP861D:6YG+6)O='1O;3HP M<'@[/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@2!A;F0@:6YT96YT M('1O(')E9'5C92!C97)T86EN(&1I2!P=7)S=6%N="!T;R!T:&4@&-H86YG92!#;VUM M:7-S:6]N("@F(S@R,C`[4T5#)B,X,C(Q.RD@9F]R(')E<&]R=&EN9R!O;B!& M;W)M(#$P+5$N(%1H90T*("`@:6YF;W)M871I;VX@86YD(&YO=&4@9&ES8VQO M2!A8V-E<'1E9"!A8V-O=6YT:6YG('!R:6YC:7!L97,@:6X@=&AE(%5N M:71E9"!3=&%T97,@*"8C.#(R,#M'04%0)B,X,C(Q.RD@:&%V92!B965N(&-O M;F1E;G-E9"!O28C.#(Q-SMS($%N;G5A;"!297!O M65A28C.#(Q-SMS(&EN=&5R:6T@9FEN86YC:6%L('-T M871E;65N=',@87)E#0H@("!U;F%U9&ET960N($EN=&5R:6T@2!B96QI979E'10 M87)T7S!D,S8T,V4V7S0V9#E?-&0R-E]B.6(Y7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'1";&]C:RTM/@T*("`@/'`@#MM87)G:6XM8F]T=&]M.C!P>#MP861D M:6YG+6)O='1O;3HP<'@[/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@&ES=',[(&1E;&EV97)Y(&AA2!I3IT:6UEF4],T0Q/@T*("`@/'-U<#XF6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UE MF4],T0Q/@T*("`@/'-U<#XF2X@/"]F;VYT M/CPO<#X-"B`@(#QP('-T>6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA#L^/&9O;G0@2!G96YE7-T96TL(&-A<'1U2!T>7!I8V%L;'D@8VAA3IT:6UEF4],T0Q/@T*("`@/'-U<#XF6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@F5S('1H M92!A6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA M6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'1";&]C:RTM/@T*("`@/'`@6QE/3-$9F]N="US:7IE.C9P>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM8F]T M=&]M.C!P>#XF(S$V,#L\+W`^#0H@("`\<"!S='EL93TS1&UA6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P M9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V7V(Y8CE? M-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA'0^/"$M+41/0U194$4@:'1M M;"!054),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M M=')A;G-I=&EO;F%L+F1T9"(@+2T^#0H@("`\(2TM($)E9VEN($)L;V-K(%1A M9V=E9"!.;W1E(#0@+2!M96QA.E5S94]F17-T:6UA=&5S5&5X=$)L;V-K+2T^ M#0H@("`\<"!S='EL93TS1&UA#MM87)G:6XM8F]T=&]M M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/CQB/C0N(%5312!/1B!%4U1)34%415,@/"]B/CPO9F]N M=#X\+W`^#0H@("`\<"!S='EL93TS1&UA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@'!E;G-E6QE/3-$9F]N="US:7IE.C%P>#MM87)G M:6XM=&]P.C$X<'@[;6%R9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T*/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@ M(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P9#,V-#-E M-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V7V(Y8CE?-S!C.#$X M-C$P86%B+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/"$M+41/0U194$4@:'1M;"!0 M54),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M=')A M;G-I=&EO;F%L+F1T9"(@+2T^#0H@("`\(2TM($)E9VEN($)L;V-K(%1A9V=E M9"!.;W1E(#4@+2!U'1";&]C:RTM/@T*("`@/'`@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3IT:6UEF4],T0R/CQB/C4N(%)%0T5. M5"!!0T-/54Y424Y'(%!23TY/54Y#14U%3E13(#PO8CX\+V9O;G0^/"]P/@T* M("`@/'`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`\(2TM($)E9VEN($)L;V-K(%1A9V=E M9"!.;W1E(#8@+2!U6QE/3-$;6%R9VEN+71O<#HQ.'!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$;6%R9VEN+71O<#HV M<'@[;6%R9VEN+6)O='1O;3HP<'@^/&9O;G0@2!D:6QU=&EV92!S96-U2!D M:79I9&EN9R!L;W-S(&%T=')I8G5T86)L92!T;PT*("`@8V]M;6]N('-T;V-K M:&]L9&5R2!T:&4@=V5I9VAT960@879EF4Z,3)P>#MM87)G:6XM=&]P.C!P M>#MM87)G:6XM8F]T=&]M.C!P>#XF(S$V,#L\+W`^#0H@("`\=&%B;&4@8V5L M;'-P86-I;F<],T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS1#6QE/3-$)V)OF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT M:6UEF4],T0Q/CQB/DIU;F4F(S$V,#LS,"P\+V(^ M/"]F;VYT/CPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S M:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X-"B`@(#PO='(^(`T*("`@/'1R M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$ M)V)O6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0Q/CQB/C(P,3$\+V(^/"]F;VYT/CPO=&0^(`T*("`@ M/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O M;G0^/"]T9#X-"B`@(#PO='(^#0H@("`\(2TM($5N9"!486)L92!(96%D("TM M/@T*("`@/"$M+2!"96=I;B!486)L92!";V1Y("TM/@T*("`@/'1R(&)G8V]L M;W(],T0C8V-E969F/B`-"B`@(#QT9"!V86QI9VX],T1T;W`^#0H@("`\<"!S M='EL93TS1"=M87)G:6XM;&5F=#HQ+C`P96T[('1E>'0M:6YD96YT.BTQ+C`P M96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@F4] M,T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H M=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C(L,3`W+#0R.3PO9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R M87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/E=A6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)V)O3IT:6UEF4],T0R/E1O=&%L/"]F;VYT/CPO<#X- M"B`@(#PO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE M/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T M=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO M9F]N=#X\+W1D/@T*("`@/"]TF4Z,7!X/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D M('9A;&EG;CTS1&)O='1O;3X-"B`@(#QP('-T>6QE/3-$)V)O6QE/3-$)V)O'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6UE;G1S5&5X=$)L;V-K+2T^#0H@("`\<"!S='EL93TS1&UA#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0R/CQB/C6QE/3-$;6%R9VEN+71O<#HV<'@[;6%R9VEN+6)O='1O;3HP<'@^/&9O M;G0@2!H87,@;VYE('-T;V-K+6)A#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL M>3IT:6UEF4],T0R/E-T;V-K(&%W87)D&EM=6T@;V8@=&5N('EE87)S(&9R;VT@=&AE(&1A=&4@;V8@9W)A;G0N(#PO M9F]N=#X\+W`^#0H@("`\<"!S='EL93TS1&UA#MM87)G M:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UE MF4],T0R/E1H92!C;VUP96YS871I;VX@97AP96YS M92!R96-O9VYI>F5D(&EN#0H@("!T:&4@4W1A=&5M96YT(&]F($]P97)A=&EO M;G,@:6X@=&AE('-E8V]N9"!Q=6%R=&5R(&]F(#(P,3(@86YD(#(P,3$@9F]R M('-T;V-K(&]P=&EO;G,@86UO=6YT960@=&\@)#0R-B`H;V8@=VAI8V@@)#$Y M.2!R96QA=&5S('1O('!E"!M;VYT:',@96YD960- M"B`@($IU;F4@,C`Q,B!A;F0@,C`Q,2P@8V]M<&5N&5R8VES960@=6YD97(@ M86QL('-H87)E+6)A6UE;G0@87)R86YG96UE;G1S(&9O2P@86YD(&9O2X@/"]F M;VYT/CPO<#X-"B`@(#QP('-T>6QE/3-$9F]N="US:7IE.C%P>#MM87)G:6XM M=&]P.C$R<'@[;6%R9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T*("`@(#QP M/B8C,38P.SPO<#X-"B`@(#QP('-T>6QE/3-$;6%R9VEN+71O<#HP<'@[;6%R M9VEN+6)O='1O;3HP<'@^/&9O;G0@6QE M/3-$9F]N="US:7IE.C$R<'@[;6%R9VEN+71O<#HP<'@[;6%R9VEN+6)O='1O M;3HP<'@^)B,Q-C`[/"]P/@T*("`@/'1A8FQE(&-E;&QS<&%C:6YG/3-$,"!C M96QL<&%D9&EN9STS1#`@=VED=&@],T0W-B4@8F]R9&5R/3-$,"!S='EL93TS M1"=B;W)D97(M8V]L;&%P'0M86QI9VXZ(&QE9G0G M(&%L:6=N/3-$8V5N=&5R/@T*("`@/"$M+2!"96=I;B!486)L92!(96%D("TM M/@T*("`@/'1R/B`-"B`@(#QT9"!W:61T:#TS1#8R)3XF(S$V,#L\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0Q,24^)B,Q-C`[/"]T M9#X@#0H@("`\=&0^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T M=&]M('=I9'1H/3-$,3$E/B8C,38P.SPO=&0^(`T*("`@/'1D/B8C,38P.SPO M=&0^#0H@("`\+W1R/B`-"B`@(#QTF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0Q/CQB/D9O"8C,38P.TUO;G1H6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UE MF4],T0Q/CQB/D5N9&5D)B,Q-C`[#0H@("!*=6YE M)B,Q-C`[,S`L)B,Q-C`[,C`Q,3PO8CX\+V9O;G0^/"]T9#X-"B`@(#PO='(^ M#0H@("`\(2TM($5N9"!486)L92!(96%D("TM/@T*("`@/"$M+2!"96=I;B!4 M86)L92!";V1Y("TM/@T*("`@/'1R(&)G8V]L;W(],T0C8V-E969F/B`-"B`@ M(#QT9"!V86QI9VX],T1T;W`^#0H@("`\<"!S='EL93TS1"=M87)G:6XM;&5F M=#HQ+C`P96T[('1E>'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R M/C8N-2!Y96%R3IT:6UEF4],T0R/C8N-2!Y M96%R6QE/3-$)VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)VUA3IT:6UEF4],T0R/C`N.3,M,2XV,"4\ M+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I M>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT@86QI9VX],T1C96YT97(^/&9O;G0@3IT M:6UEF4],T0R/D1I=FED96YD('EI96QD/"]F;VYT M/CPO<#X-"B`@(#PO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N M="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N M/3-$8F]T=&]M(&%L:6=N/3-$8V5N=&5R/CQF;VYT('-T>6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1C96YT97(^/&9O;G0@6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M&5R8VES92X@5&AE(&5X<&5C=&5D('9O;&%T:6QI M='D-"B`@(&%S'!E8W1E9"!D:79I9&5N9"!Y:65L9"!I2!I;B!T:&4@9F]R97-E M96%B;&4@9G5T=7)E+B`\+V9O;G0^/"]P/@T*("`@/'`@&5R8VES M92!P3IT:6UEF4] M,T0R/D1U2X-"B`@(%1H97)E('=E M&5R8VES960@:6X@=&AE('1H&5R8VES M960N(#PO9F]N=#X\+W`^#0H@("`\<"!S='EL93TS1&9O;G0M6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@28C.#(Q-SMS M('-T;V-K(&]P=&EO;B!P;&%N6QE/3-$9F]N="US:7IE.C$R<'@[;6%R9VEN+71O<#HP<'@[ M;6%R9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T*("`@/'1A8FQE(&-E;&QS M<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS1#`@=VED=&@],T0Y,B4@8F]R9&5R M/3-$,"!S='EL93TS1"=B;W)D97(M8V]L;&%P'0M M86QI9VXZ(&QE9G0G(&%L:6=N/3-$8V5N=&5R/@T*("`@/"$M+2!"96=I;B!4 M86)L92!(96%D("TM/@T*("`@/'1R/B`-"B`@(#QT9"!W:61T:#TS1#8T)3XF M(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0U M)3XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT@=VED=&@],T0U)3XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0U)3XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT@=VED=&@],T0U)3XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\ M+W1D/@T*("`@/"]TF4],T0Q/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@8V]L6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@6QE/3-$)V)O6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0Q/CQB/E!R:6-E('!EF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UE MF4],T0Q/CQB/E=E:6=H=&5D/"]B/CPO9F]N=#X\ M8G(@+SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/D%V97)A9V4\+V(^/"]F;VYT/CQB6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ MF4],T0Q M/CQB/DEN=')I;G-I8SPO8CX\+V9O;G0^/&)R("\^/&9O;G0@2`M+3X-"B`@(#QT3IT:6UEF4],T0R/D]U='-T M86YD:6YG(&%T($1E8V5M8F5R)B,Q-C`[,S$L(#(P,3$\+V9O;G0^/"]P/@T* M("`@/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I>F4] M,T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T M9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$F4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@ M3IT:6UEF4],T0R/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O M;G0@3IT M:6UEF4],T0R/D=R86YT960\+V9O;G0^/"]P/@T* M("`@/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I>F4] M,T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O M;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@ M("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A M;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/@T*("`@/"]T6QE/3-$)VUAF4],T0Q/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O M;G0@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@'0M:6YD96YT.BTQ+C`P96TG M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ MF4],T0Q M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^ M/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C8N,3(\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4] M,T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0R/B8C.#(Q,CLF(S$V,#LF(S$V,#L\ M+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@'0M:6YD96YT M.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^ M/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$9F]N="US:7IE.C%P>#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D M('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^#0H@("`\<"!S='EL93TS1"=B;W)D97(M=&]P.C-P>"!D;W5B M;&4@(S`P,#`P,"<^)B,Q-C`[/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M/@T*("`@/'`@3IT M:6UEF4],T0R/E9E6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@F4] M,T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O MF4],T0Q/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q M/CQB/DYU;6)E6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0Q/CQB/D5X M97)C:7-E/"]B/CPO9F]N=#X\8G(@+SX\9F]N="!S='EL93TS1"=F;VYT+69A M;6EL>3IT:6UEF4],T0Q/CQB/E!R:6-E/"]B/CPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@&5R8VES86)L93PO8CX\ M+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I M>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@/"]T"!S;VQI9"`C,#`P,#`P M.W=I9'1H.C@T<'0G/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P,#`P)SX\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/DYU;6)E6QE M/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0Q M/CQB/E!R:6-E/"]B/CPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@2`M+3X-"B`@(#QT3IT:6UEF4],T0R/B0N M,#$M)#$N,#`\+V9O;G0^/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L:6=N M/3-$8F]T=&]M/CQF;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UE MF4],T0R/C`N-B8C,38P.WEE87)S/"]F;VYT/CPO M=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,3XF M(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF M;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UE MF4],T0R/C$N,#`\+V9O;G0^/"]T9#X@#0H@("`\ M=&0@;F]W3IT:6UEF4],T0R/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O M;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C0S+#,R M.3PO9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N M/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/C$N,#`\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\ M+W1D/@T*("`@/"]T6QE/3-$)VUA3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3IT:6UEF4],T0R/C$L-CDV+#4P,CPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$ M8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0R M/C,N-3@\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UE MF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C$L,S0V+#$U,CPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T M>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/C,N-C,\+V9O M;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@/"]T6QE/3-$)VUAF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1C96YT97(^/&9O M;G0@65AF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@3IT:6UEF4],T0R/C3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@/"]T6QE/3-$)V)O6QE/3-$)V)O"!S;VQI9"`C M,#`P,#`P)SXF(S$V,#L\+W`^#0H@("`\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^#0H@("`\<"!S='EL93TS1"=B;W)D97(M=&]P.C%P>"!S;VQI M9"`C,#`P,#`P)SXF(S$V,#L\+W`^#0H@("`\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D M('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^)B,Q-C`[/"]T9#X-"B`@(#PO='(^(`T*("`@/'1R/B`-"B`@ M(#QT9"!V86QI9VX],T1T;W`^#0H@("`\<"!S='EL93TS1"=M87)G:6XM;&5F M=#HQ+C`P96T[('1E>'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UE MF4],T0R/CF4],T0R M/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N M/3-$F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0\+V9O;G0^ M/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$6QE/3-$9F]N="US:7IE.C%P>#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D M('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^#0H@("`\<"!S='EL93TS1"=B;W)D97(M=&]P.C-P>"!D;W5B M;&4@(S`P,#`P,"<^)B,Q-C`[/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M/@T*("`@/'`@"!D;W5B;&4@(S`P,#`P,"<^)B,Q-C`[/"]P/@T*("`@ M/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/@T*("`@/'`@6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@65A6QE/3-$;6%R9VEN M+71O<#HP<'@[;6%R9VEN+6)O='1O;3HP<'@^/&9O;G0@6QE/3-$ M;6%R9VEN+71O<#HQ,G!X.VUA6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P9#,V-#-E-E\T M-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O;G1E;G0M3&]C871I;VXZ M(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V7V(Y8CE?-S!C.#$X-C$P M86%B+U=O'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+41/0U194$4@:'1M;"!054),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M=')A;G-I=&EO;F%L+F1T9"(@+2T^#0H@ M("`\(2TM($)E9VEN($)L;V-K(%1A9V=E9"!.;W1E(#@@+2!U6QE/3-$;6%R9VEN+71O<#HQ.'!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/@T*("`@/"]T3IT:6UEF4],T0R/C(P,3(@4F5M86EN M:6YG('-I>"!M;VYT:',\+V9O;G0^/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M'0M:6YD M96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@3IT:6UEF4] M,T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0R/C0V,3PO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T M>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/C(P,30\+V9O;G0^/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N M=#X\+W1D/@T*("`@/"]T6QE/3-$)VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@'0M:6YD96YT.BTQ M+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C0W.#PO9F]N=#X\+W1D/B`-"B`@(#QT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT M:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/@T* M("`@/"]TF4Z,7!X/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O M='1O;3X-"B`@(#QP('-T>6QE/3-$)V)O3IT:6UEF4],T0R/E)E;G1A;"!P87EM96YT2!E;G1E2!A;F0@;V9F:6-E('-P86-E('=H:6-H(')U;G,@=&AR;W5G:"!$96-E;6)E M6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA#L^/&9O;G0@2P@=VAI8V@@ M3IT:6UEF4],T0Q/CQS=7`^)G)E M9SL\+W-U<#X\+V9O;G0^(&UA;G5F86-T=7)I;F<@86YD(&1E=F5L;W!M96YT M('1E86TN($%32TE/3B!P3IT:6UEF4],T0Q/@T* M("`@/'-U<#XF3IT:6UEF4],T0Q/CQS=7`^#0H@("`F3IT:6UEF4],T0R M/@T*("`@5&AE($-O;7!A;GDL('!R:6UA2!T:')O=6=H($%32TE/3BP@ M96YG86=E3IT M:6UEF4],T0Q/@T*("`@/'-U<#XF3IT:6UEF4],T0Q/CQS=7`^)G)E9SL\+W-U<#X\+V9O;G0^('5N:71S M(&)E>6]N9"`R,#$R+B`\+V9O;G0^/"]P/@T*("`@/'`@3IT:6UEF4],T0R/DEN(&%D9&ET:6]N+"!W92!A&-O2!);F,N+"!A;B!&1$$@1TU0(&-O;7!L:6%N="!A M;F0@25-/(#DP,#$@8V5R=&EF:65D(&%N9"!)4T\@,3,T.#4@;W)I9VEN86P@ M97%U:7!M96YT#0H@("!M86YU9F%C='5R97(@;V8@;65D:6-A;"!D979I8V5S M(&EN($YE=R!*97)S97DL('1O('!R;W9I9&4@=&AE(&%S7-T96US(&9O<@T*("`@:6YS=&%L;&%T:6]N(&EN('1H92!5+E,N(#PO M9F]N=#X\+W`^#0H@("`\<"!S='EL93TS1&UA#MM87)G M:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UE MF4],T0R/E1H92!#;VUP86YY(&AA6QE/3-$ M9F]N="US:7IE.C%P>#MM87)G:6XM=&]P.C$R<'@[;6%R9VEN+6)O='1O;3HP M<'@^)B,Q-C`[/"]P/@T*("`@/'`@#MM M87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0R/D]N($YO=F5M8F5R)B,Q-C`[,3DL M(#(P,3`L(&$@<'5R<&]R=&5D#0H@("!S96-U2!3:71U871E9"!V+B!-14Q!(%-C:65N8V5S+"!);F,N+"!* M;W-E<&@@5BX@1W5L9F\L(%)I8VAA2!A;F0@;VX@0F5H86QF(&]F($%L;"!/=&AE6QE/3-$;6%R9VEN+71O<#HQ,G!X M.VUA#L^/&9O;G0@ M&-H86YG92!!8W0@ M;V8@,3DS-"P@86QL96=I;F6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@28C,38P.S$S+"`R,#`Y('1HF4],T0Q/CQS=7`^#0H@("`F2!I;B!F M=7)T:&5R('-U<'!O6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M2!L:71I9V%T:6]N+"!W92!C86YN;W0@ M<')E9&EC="!W:71H(&%N>2!D96=R964@;V8@8V5R=&%I;G1Y('1H92!E=F5N M='5A;"!O=71C;VUE(&]F('1H:7,@;&ET:6=A=&EO;BX@06X@861V97)S92!O M=71C;VUE(&-O=6QD(&AA=F4@82!M871E2!H87)M960N(#PO9F]N=#X\+W`^#0H@("`\<"!S='EL93TS M1&UA#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL M93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/D9R M;VT@=&EM92!T;R!T:6UE+"!W92!M87D@8F4@82!P87)T>2!T;R!C97)T86EN M(&QE9V%L('!R;V-E961I;F=S+"!I;F-I9&5N=&%L('1O('1H92!N;W)M86P- M"B`@(&-O=7)S92!O9B!O=7(@8G5S:6YE2!I;F-L=61E M(&-O;G1R;W9E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA2!;06)S=')A8W1=/"]S=')O M;F<^/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\6QE/3-$;6%R9VEN+71O<#HQ.'!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@28C,38P.S(U+"`R,#$R+B!);B!C;VYN96-T:6]N('=I=&@@=&AI6QE/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@'!I&5R8VES M960L('=I;&P@97AP:7)E(&EN($UA>2`R,#$T+B`\+V9O;G0^/"]P/@T*("`@ M/'`@F4Z,7!X.VUA#MM87)G M:6XM8F]T=&]M.C!P>#XF(S$V,#L\+W`^#0H@("`\<"!S='EL93TS1&UA6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@28C.#(Q-SMS#0H@("!C;VUM;VX@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R M/@T*("`@3VX@1&5C96UB97(F(S$V,#LQ-2P@,C`Q,2P@=&AE($-O;7!A;GD@ M96YT97)E9"!I;G1O(&%N('5N9&5R=W)I=&EN9R!A9W)E96UE;G0L(')E;&%T M:6YG('1O('1H92!P=6)L:6,@;V9F97)I;F<@;V8@-2PP,#`L,#`P('-H87)E M28C.#(Q-SMS(&-O;6UO;B!S=&]C:RP@870@82!P M28C.#(Q-SMS(%!R;W-P96-T=7,@9&%T960@2G5N928C M,38P.S$L(#(P,3`@86YD('1H92!#;VUP86YY)B,X,C$W.W,@4')O28C.#(Q-SMS(&5F9F5C=&EV92!S:&5L9B!R M96=I2`D,38N,R!M:6QL:6]N+B!!9G1E6%B;&4@8GD@=&AE($-O;7!A;GDL(&YE="!P&EM871E;'D@)#$U(&UI;&QI;VXN(%1H:7,@;V9F97)I;F<@8VQO&EM871E;'D@)#0R M+C(@;6EL;&EO;B!R96UA:6YE9"!A=F%I;&%B;&4@=6YD97(@=&AE($-O;7!A M;GDF(S@R,3<[6QE M/3-$;6%R9VEN+71O<#HQ,G!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@28C.#(Q-SMS(&5F9F5C=&EV M92!S:&5L9B!R96=I2!C;VUM;VX@&EM871E;'D@)#`N-R!M:6QL:6]N+B`\+V9O;G0^/"]P/@T*("`@/'`@F5D(&%N9"`S,"PS,S(L,C$W('-H87)E'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6QE/3-$;6%R9VEN+71O M<#HQ.'!X.VUA6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4Z M,3)P>#MM87)G:6XM=&]P.C!P>#MM87)G:6XM8F]T=&]M.C!P>#XF(S$V,#L\ M+W`^#0H@("`\=&%B;&4@8V5L;'-P86-I;F<],T0P(&-E;&QP861D:6YG/3-$ M,"!W:61T:#TS1#@T)2!B;W)D97(],T0P('-T>6QE/3-$)V)OF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0Q/CQB/DESF4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@ M"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/DES MF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/@T* M("`@/"]TF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@8V]L6QE/3-$)V)O6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P,#`P)SX\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/E1O=&%L/"]B/CPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@2`M+3X-"B`@(#QT'0M:6YD96YT.BTQ+C`P96TG M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M3IT M:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R M/C,T-BPW.#$\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT M:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0R M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@ M86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UE MF4],T0R/C(P,"PP,#`\+V9O;G0^/"]T9#X@#0H@ M("`\=&0@;F]W3IT:6UEF4],T0R M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^ M/&9O;G0@3IT:6UE MF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL M93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C4T M-BPW.#$\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UE MF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@ M/"]TF4Z,7!X/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N M/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O M;3X-"B`@(#QP('-T>6QE/3-$)V)O6QE/3-$)V)O"!S;VQI9"`C,#`P,#`P)SXF(S$V,#L\+W`^#0H@("`\+W1D M/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/@T*("`@ M/'`@'0M:6YD96YT.BTQ M+C`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`@(#PO M9F]N=#X\+W`^#0H@("`\<"!S='EL93TS1&9O;G0M7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA'1";&]C:RTM/@T*("`@/'`@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/CQB/C$Q M+B!214Q!5$5$(%!!4E19($-/3E-53%1)3D<@04=2145-14Y44R`\+V(^/"]F M;VYT/CPO<#X-"B`@(#QP('-T>6QE/3-$;6%R9VEN+71O<#HV<'@[;6%R9VEN M+6)O='1O;3HP<'@^/&9O;G0@2!H87,@:6X@<&QA8V4@ M=&AE(&9O;&QO=VEN9R!C;VYS=6QT:6YG(&%G#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0R/CQB/D-O;G-U M;'1I;F<@06=R965M96YT('=I=&@@0G)E875X($-A6QE/3-$;6%R9VEN+71O<#HV<'@[;6%R9VEN M+6)O='1O;3HP<'@[<&%D9&EN9RUB;W1T;VTZ,'!X.SX\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/@T*("`@ M26X@2G5N92`R,#`S+"!T:&4@0V]M<&%N>2!E;G1E"!#87-T;&5M86XL(&$@9F]R M;65R(&UE;6)E28C.#(Q-SMS($)O87)D(&]F($1I6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@28C.#(Q-SMS(&)U28C.#(Q M-SMS($)O87)D(&]F($1I6QE/3-$;6%R9VEN+71O<#HQ.'!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3IT:6UEF4],T0R/@T*("`@26X@2F%N M=6%R>2`R,#`W+"!$2!T97)M:6YA=&4@870@=&AE(&]P=&EO;B!O9@T*("`@1'(N M)B,Q-C`[5V%G;F5R(&]R('1H92!#;VUP86YY(&%T(&%N>2!T:6UE+"!B>2!P M"!M;VYT:"!P97)I;V1S(&5N9&5D($IU;F4F(S$V,#LS,"P@,C`Q,B!A M;F0@2G5N928C,38P.S,P+"`R,#$Q+"!R97-P96-T:79E;'DN($1R+B8C,38P M.U=A9VYE6QE/3-$;6%R9VEN+71O<#HQ.'!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/DEN#0H@ M("!-87)C:"`R,#`Y+"!T:&4@0V]M<&%N>2!E;G1E'1E;F1E9"!T;R!R=6X-"B`@('1H2!E:71H97(@<&%R='D@ M=VET:"`S,"!D87ES)B,X,C$W.R!N;W1I8V4N(%5N9&5R('1H92!T97)M2!D:60@;F]T('!A>2!A;GD@86UO=6YT('1O($US+B8C,38P M.T5G9V5R#0H@("!F;W(@8V]N"!M;VYT:"!P97)I;V1S(&5N9&5D($IU;F4F(S$V,#LS,"P@,C`Q,B!A;F0@ M2G5N928C,38P.S,P+"`R,#$Q+"!R97-P96-T:79E;'DN($US+B8C,38P.T5G M9V5R('=A3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P9#,V-#-E M-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O;G1E;G0M3&]C871I M;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V7V(Y8CE?-S!C.#$X M-C$P86%B+U=O'0O:'1M;#L@8VAA'0^/"$M+41/0U194$4@:'1M;"!054),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M=')A;G-I=&EO;F%L+F1T9"(@ M+2T^#0H@("`\(2TM($)E9VEN($)L;V-K(%1A9V=E9"!.;W1E(#$R("T@=7,M M9V%A<#I/=&AE6QE/3-$;6%R9VEN+71O<#HQ.'!X.VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE/3-$;6%R9VEN+71O<#HV<'@[;6%R M9VEN+6)O='1O;3HP<'@[<&%D9&EN9RUB;W1T;VTZ,'!X.SX\9F]N="!S='EL M93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/D1U M2!D:7-C;VYT:6YU960@86QL M(&]P97)A=&EO;G,@87-S;V-I871E9"!W:71H(&ET3IT:6UEF4],T0Q M/@T*("`@/'-U<#XF6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M3IT M:6UEF4],T0Q/CQS=7`^)G)E9SL\+W-U<#X\+V9O M;G0^+B!"96=I;FYI;F<@:6X@2G5L>2`R,#`X+"!+859O(&ES(')E<75I2!T;R!T:&4@0V]M<&%N>2!A(')O>6%L='D@"!M;VYT:',@96YD960@2G5N928C,38P.S,P+"`R,#$R M(&%N9"!*=6YE)B,Q-C`[,S`L(#(P,3$L(')E2P@=&AE($-O M;7!A;GD@96%R;F5D("0U(&%N9"`D,3`@87,@=&AE#0H@("!P'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6QE/3-$;6%R M9VEN+71O<#HQ.'!X.VUA6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R M/D1U2`D,"XW(&UI;&QI;VXL('=E28C.#(Q-SMS($%432!06QE/3-$9F]N="US:7IE.C%P>#MM87)G:6XM M=&]P.C$R<'@[;6%R9VEN+6)O='1O;3HP<'@^)B,Q-C`[/"]P/@T*("`@/'`@ M#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N M="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4] M,T0R/DEN(&-O;FYE8W1I;VX@=VET:"!T:&4@0V]M<&%N>28C.#(Q-SMS#0H@ M("!P65A28C.#(Q-SMS(&-O;6UO;B!S M=&]C:RX@070@2G5N928C,38P.S,P+"`R,#$R+"!T:&5R92!W97)E(#,T-BPW M.#$@;V8@=&AE(#(P,#<@=V%R7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/"$M+41/0U194$4@:'1M;"!054),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M=')A;G-I=&EO;F%L+F1T9"(@ M+2T^#0H@("`\(2TM($)E9VEN($)L;V-K(%1A9V=E9"!!8V-O=6YT:6YG(%!O M;&EC>3H@;65L82TR,#$R,#8S,%]N;W1E,U]A8V-O=6YT:6YG7W!O;&EC>5]T M86)L93$@+2!U5)A=TUA=&5R:6%L2TM M/@T*("`@/'`@#MM87)G:6XM8F]T=&]M M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/DEN=F5N=&]R:65S(&%R92!S=&%T960@870@=&AE(&QO M=V5R(&]F(&-O7!E.B!T97AT+VAT;6P[ M(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@ M/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E M>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/"$M+41/0U194$4@:'1M;"!0 M54),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M=')A M;G-I=&EO;F%L+F1T9"(@+2T^#0H@("`\(2TM($)E9VEN($)L;V-K(%1A9V=E M9"!!8V-O=6YT:6YG(%!O;&EC>3H@;65L82TR,#$R,#8S,%]N;W1E-5]A8V-O M=6YT:6YG7W!O;&EC>5]T86)L93$@+2!U5!O;&EC>51E>'1";&]C:RTM/@T*("`@/'`@ M#MM87)G:6XM8F]T=&]M.C!P>#X\9F]N M="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4] M,T0R/DEN($IU;F4L(#(P,3$L('1H92!&05-"(&ES65A28C,38P.S$L(#(P,3(N M($9O2!H860@;F\@;W1H97(@ M8V]M<')E:&5N'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/"$M+41/0U194$4@:'1M;"!054),24,@(BTO+U&AT;6PQ+T141"]X:'1M;#$M=')A;G-I=&EO;F%L+F1T M9"(@+2T^#0H@("`\(2TM($)E9VEN($)L;V-K(%1A9V=E9"!.;W1E(%1A8FQE M.B!M96QA+3(P,3(P-C,P7VYO=&4V7W1A8FQE,2`M(&UE;&$Z4V-H961U;&5/ M9E-T;V-K3W!T:6]N6QE/3-$;6%R9VEN+71O<#HV<'@[;6%R9VEN+6)O='1O;3HP<'@^ M#0H@("`\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/@T*("`@(%!O=&5N=&EA;"!C;VUM;VX@F4Z,3)P>#MM87)G M:6XM=&]P.C!P>#MM87)G:6XM8F]T=&]M.C!P>#XF(S$V,#L\+W`^#0H@("`\ M=&%B;&4@8V5L;'-P86-I;F<],T0P(&-E;&QP861D:6YG/3-$,"!W:61T:#TS M1#6QE/3-$)V)OF4],T0Q/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0Q/CQB/DIU;F4F(S$V M,#LS,"P\+V(^/"]F;VYT/CPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O M;3X\9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X-"B`@(#PO='(^ M(`T*("`@/'1R/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT M:6UEF4],T0Q/CQB/C(P,3$\+V(^/"]F;VYT/CPO M=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,3XF M(S$V,#L\+V9O;G0^/"]T9#X-"B`@(#PO='(^#0H@("`\(2TM($5N9"!486)L M92!(96%D("TM/@T*("`@/"$M+2!"96=I;B!486)L92!";V1Y("TM/@T*("`@ M/'1R(&)G8V]L;W(],T0C8V-E969F/B`-"B`@(#QT9"!V86QI9VX],T1T;W`^ M#0H@("`\<"!S='EL93TS1"=M87)G:6XM;&5F=#HQ+C`P96T[('1E>'0M:6YD M96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@3IT:6UE MF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C(L,3`W+#0R.3PO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T M>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/E=A6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)V)O3IT:6UEF4],T0R/E1O=&%L/"]F M;VYT/CPO<#X-"B`@(#PO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\ M9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0R M/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@/"]TF4Z,7!X/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q M-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^ M(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X-"B`@(#QP('-T>6QE/3-$)V)O M6QE/3-$)V)O'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA6UE;G1!=V%R9$5M<&QO>65E4W1O8VM0=7)C:&%S95!L M86Y686QU871I;VY!6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT@86QI9VX],T1C96YT97(@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S='EL93TS1"=F;VYT M+69A;6EL>3IT:6UEF4],T0Q/CQB/D9O"8C,38P.TUO;G1H2`M+3X-"B`@ M(#QT3IT:6UE MF4],T0R/D5X<&5C=&5D(&QI9F4\+V9O;G0^/"]P M/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I M>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT@86QI9VX],T1C96YT97(^/&9O;G0@65AF4],T0Q M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@ M86QI9VX],T1C96YT97(^/&9O;G0@65A'0M:6YD96YT M.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@3PO9F]N=#X\ M+W`^#0H@("`\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@ M3IT:6UEF4],T0R/C3IT:6UEF4],T0R/C'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T M>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX] M,T1C96YT97(^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@6QE M/3-$)VUA3IT:6UEF4],T0R/C`E/"]F;VYT/CPO=&0^(`T*("`@/'1D('9A;&EG M;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$8V5N=&5R/CQF;VYT M('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@'0^ M/"$M+41/0U194$4@:'1M;"!054),24,@(BTO+U&AT M;6PQ+T141"]X:'1M;#$M=')A;G-I=&EO;F%L+F1T9"(@+2T^#0H@("`\(2TM M($)E9VEN($)L;V-K(%1A9V=E9"!.;W1E(%1A8FQE.B!M96QA+3(P,3(P-C,P M7VYO=&4W7W1A8FQE,B`M('5S+6=A87`Z4V-H961U;&5/9E-H87)E0F%S961# M;VUP96YS871I;VY3=&]C:T]P=&EO;G-!8W1I=FET>51A8FQE5&5X=$)L;V-K M+2T^#0H@("`\<"!S='EL93TS1&UA#MM87)G:6XM8F]T M=&]M.C!P>#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/E1H92!S=&%T=7,@;V8@=&AE($-O;7!A;GDF(S@R M,3<[F5D(&EN('1H92!F;VQL;W=I;F6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0Q/CQB/E-H87)EF4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/E=E:6=H M=&5D/"]B/CPO9F]N=#X\8G(@+SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL M>3IT:6UEF4],T0Q/CQB/D%V97)A9V4\+V(^/"]F M;VYT/CQB6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@&5R8VES93PO8CX\+V9O;G0^ M/&)R("\^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@8V]L3IT:6UEF4],T0Q/@T*("`@/&(^4F5M86EN:6YG/"]B/CPO9F]N=#X\8G(@+SX\9F]N M="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4] M,T0Q/CQB/D-O;G1R86-T=6%L/"]B/CPO9F]N=#X\8G(@+SX\9F]N="!S='EL M93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB M/E1E6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P M,#`P)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/D%G9W)E9V%T93PO8CX\+V9O;G0^/&)R("\^/&9O M;G0@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@ M/"]T6QE/3-$)VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$ M8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3XF M(S$V,#L\+W1D/@T*("`@/"]T6QE/3-$)VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@'0M:6YD M96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/B8C.#(Q,CLF(S$V,#LF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\ M=&0@;F]W3IT:6UEF4],T0R/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O M;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/B8C.#(Q M,CLF(S$V,#LF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/D9O'!I6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/BDF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M/CQF;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^ M/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D M('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/@T*("`@/"]T6QE/3-$)V)O6QE/3-$)V)O3IT:6UE MF4],T0R/D]U='-T86YD:6YG(&%T($IU;F4F(S$V M,#LS,"P@,C`Q,CPO9F]N=#X\+W`^#0H@("`\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H M=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C(L,3DU+#,P-CPO9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R M87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA M;B<@3IT:6UEF4],T0R/C0N,3@\+V9O;G0^/"]T9#X@ M#0H@("`\=&0@;F]W3IT:6UEF4] M,T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^/&9O;G0@3IT M:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`- M"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R M/C6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/C(Q,3PO9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R87`] M,T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)VUA3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL M>3IT:6UEF4],T0R/C$L-38R+#8X,3PO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0R M/C0N,#$\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UE MF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI M9VX],T1R:6=H=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C8N-#PO9F]N=#X\+W1D/B`-"B`@(#QT9"!N M;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/C$T.3PO9F]N=#X\+W1D M/B`-"B`@(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$8F]T=&]M/CQF M;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@2`M+3X-"B`@(#PO=&%B;&4^(`T*/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0M86QI9VXZ(&QE9G0G(&%L:6=N/3-$8V5N M=&5R/@T*("`@/"$M+2!"96=I;B!486)L92!(96%D("TM/@T*("`@/'1R/B`- M"B`@(#QT9"!W:61T:#TS1#4T)3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT@=VED=&@],T0T)3XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0T)3XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT@=VED=&@],T0T)3XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@=VED=&@],T0T)3XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT@=VED=&@],T0T)3XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\ M+W1D/@T*("`@/"]TF4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@8V]LF4],T0Q/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O M;G0@"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S='EL M93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB M/D]P=&EO;G,F(S$V,#L-"B`@($]U='-T86YD:6YG/&)R("\^5V5I9VAT960M M/"]B/CPO9F]N=#X\8G(@+SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT M:6UEF4],T0Q/CQB/D%V97)A9V4\+V(^/"]F;VYT M/CQB6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S M='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q M/CQB/E=E:6=H=&5D/"]B/CPO9F]N=#X\8G(@+SX\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/D%V97)A M9V4\+V(^/"]F;VYT/CQBF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P,#`P M)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/D]P=&EO;G,@17AE3IT:6UEF4],T0Q/CQB/E)A;F=E(&]F($5X97)C:7-E(%!R:6-EF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT@8V]LF4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P,#`P)SX\9F]N="!S='EL93TS1"=F M;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/E=E:6=H M=&5D+3QB6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@/"]T6QE/3-$)VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1C M96YT97(^/&9O;G0@3IT:6UEF4],T0R/B0\ M+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$ MF4] M,T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@ M#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$'0M:6YD96YT.BTQ M+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@F4],T0Q/B8C M,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O M;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/C3IT:6UE MF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M(&%L:6=N/3-$F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$ M8F]T=&]M(&%L:6=N/3-$'0M:6YD96YT.BTQ M+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/C8N-S`\+V9O M;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H M=#X\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C$W,RPR,#`\+V9O;G0^/"]T9#X@#0H@("`\=&0@;F]W3IT:6UEF4],T0R/B8C,38P.SPO9F]N M=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T M=&]M(&%L:6=N/3-$6QE M/3-$9F]N="US:7IE.C%P>#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C M,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^#0H@("`\<"!S='EL93TS1"=B M;W)D97(M=&]P.C%P>"!S;VQI9"`C,#`P,#`P)SXF(S$V,#L\+W`^#0H@("`\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^#0H@("`\<"!S='EL93TS M1"=B;W)D97(M=&]P.C%P>"!S;VQI9"`C,#`P,#`P)SXF(S$V,#L\+W`^#0H@ M("`\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3XF(S$V,#L\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^)B,Q-C`[/"]T9#X@#0H@ M("`\=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A M;&EG;CTS1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B M;W1T;VT^)B,Q-C`[/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/@T* M("`@/'`@3IT:6UEF4],T0R/B0N,#$M)#$Q+C$Q/"]F M;VYT/CPO<#X-"B`@(#PO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\ M9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE M/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO M9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1C M96YT97(^/&9O;G0@65AF4],T0Q/B8C,38P.SPO9F]N=#X\ M+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@ M6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY M.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@ M(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S M(&YE=R!R;VUA;B<@6QE/3-$)V)O6QE/3-$)V)O'1087)T7S!D,S8T M,V4V7S0V9#E?-&0R-E]B.6(Y7S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA&EM871E(&%G9W)E9V%T92!M:6YI;75M(&9U='5R92!P87EM M96YT'0^/"$M+41/0U19 M4$4@:'1M;"!054),24,@(BTO+U&AT;6PQ+T141"]X M:'1M;#$M=')A;G-I=&EO;F%L+F1T9"(@+2T^#0H@("`\(2TM($)E9VEN($)L M;V-K(%1A9V=E9"!.;W1E(%1A8FQE.B!M96QA+3(P,3(P-C,P7VYO=&4X7W1A M8FQE,2`M(&UE;&$Z4V-H961U;&5/9D%P<')O>&EM871E06=G6QE/3-$;6%R9VEN+71O<#HV<'@[;6%R9VEN+6)O='1O;3HP<'@^#0H@("`\ M9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/@T*("`@5&AE(&%P<')O>&EM871E(&%G9W)E9V%T92!M:6YI;75M M(&9U='5R92!P87EM96YT6QE/3-$9F]N="US:7IE M.C$R<'@[;6%R9VEN+71O<#HP<'@[;6%R9VEN+6)O='1O;3HP<'@^)B,Q-C`[ M/"]P/@T*("`@/'1A8FQE(&-E;&QS<&%C:6YG/3-$,"!C96QL<&%D9&EN9STS M1#`@=VED=&@],T0V."4@8F]R9&5R/3-$,"!S='EL93TS1"=B;W)D97(M8V]L M;&%P'0M86QI9VXZ(&QE9G0G(&%L:6=N/3-$8V5N M=&5R/@T*("`@/"$M+2!"96=I;B!486)L92!(96%D("TM/@T*("`@/'1R/B`- M"B`@(#QT9"!W:61T:#TS1#@Y)3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT@=VED=&@],T0V)3XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF M(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/B`-"B`@(#QT9#XF(S$V M,#L\+W1D/@T*("`@/"]T3IT:6UEF4],T0Q/CQB/EEE87(@96YD960@1&5C96UB97(F(S$V,#LS M,2P\+V(^/"]F;VYT/CPO=&0^(`T*("`@/'1D('9A;&EG;CTS1&)O='1O;3X\ M9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^/"]T9#X@#0H@("`\=&0@8V]L MF4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@ M2`M+3X-"B`@(#QT'0M:6YD96YT.BTQ M+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M(&%L:6=N/3-$3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/@T*("`@/"]T6QE/3-$)VUA M6QE/3-$)V9O;G0M9F%M M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@'0M:6YD96YT.BTQ+C`P96TG/CQF;VYT('-T>6QE/3-$)V9O M;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT@86QI9VX],T1R:6=H=#X\9F]N="!S='EL93TS M1"=F;VYT+69A;6EL>3IT:6UEF4],T0R/C0W.#PO M9F]N=#X\+W1D/B`-"B`@(#QT9"!N;W=R87`],T1N;W=R87`@=F%L:6=N/3-$ M8F]T=&]M/CQF;VYT('-T>6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R M;VUA;B<@3IT:6UEF4],T0R/C(P,34\+V9O;G0^/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L M:6=N/3-$8F]T=&]M/CQF;VYT('-I>F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D M/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@3IT:6UEF4],T0R/B8C,38P.SPO9F]N=#X\ M+W1D/@T*("`@/"]T6QE/3-$)VUA6QE/3-$)V9O;G0M9F%M:6QY.G1I M;65S(&YE=R!R;VUA;B<@6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$9F]N="US:7IE.C%P>#X@#0H@("`\=&0@ M=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A;&EG;CTS M1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^ M#0H@("`\<"!S='EL93TS1"=B;W)D97(M=&]P.C%P>"!S;VQI9"`C,#`P,#`P M)SXF(S$V,#L\+W`^#0H@("`\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^#0H@("`\<"!S='EL93TS1"=B;W)D97(M=&]P.C%P>"!S;VQI9"`C,#`P M,#`P)SXF(S$V,#L\+W`^#0H@("`\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D M/@T*("`@/"]T3IT:6UEF4],T0R/B0\+V9O;G0^/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$ M8F]T=&]M(&%L:6=N/3-$6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@6QE/3-$)V)O7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA6QE/3-$)V)O6QE/3-$)V9O;G0M9F%M:6QY.G1I;65S(&YE M=R!R;VUA;B<@6QE/3-$)V)O M6QE/3-$ M)V9O;G0M9F%M:6QY.G1I;65S(&YE=R!R;VUA;B<@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX] M,T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI M9VX],T1B;W1T;VT^/&9O;G0@"!S;VQI9"`C,#`P M,#`P)SX\9F]N="!S='EL93TS1"=F;VYT+69A;6EL>3IT:6UEF4],T0Q/CQB/C(P,#<\+V(^/"]F;VYT/CPO=&0^(`T*("`@/'1D M('9A;&EG;CTS1&)O='1O;3X\9F]N="!S:7IE/3-$,3XF(S$V,#L\+V9O;G0^ M/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T=&]M/CQF;VYT('-I>F4],T0Q M/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`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`C,#`P,#`P)SXF M(S$V,#L\+W`^#0H@("`\+W1D/B`-"B`@(#QT9#XF(S$V,#L\+W1D/@T*("`@ M/"]T6QE/3-$)VUAF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT M9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@F4],T0Q/B8C,38P M.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T;VT^/&9O;G0@ MF4],T0Q/B8C,38P.SPO9F]N=#X\+W1D/B`-"B`@(#QT9"!V M86QI9VX],T1B;W1T;VT^/&9O;G0@6QE/3-$9F]N="US:7IE.C%P>#X@#0H@("`\ M=&0@=F%L:6=N/3-$8F]T=&]M/B8C,38P.SPO=&0^(`T*("`@/'1D('9A;&EG M;CTS1&)O='1O;3XF(S$V,#L\+W1D/B`-"B`@(#QT9"!V86QI9VX],T1B;W1T M;VT^#0H@("`\<"!S='EL93TS1"=B;W)D97(M=&]P.C-P>"!D;W5B;&4@(S`P M,#`P,"<^)B,Q-C`[/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$ M8F]T=&]M/@T*("`@/'`@"!D;W5B;&4@(S`P,#`P M,"<^)B,Q-C`[/"]P/@T*("`@/"]T9#X@#0H@("`\=&0@=F%L:6=N/3-$8F]T M=&]M/@T*("`@/'`@2`M+3X-"B`@ M(#PO=&%B;&4^(`T*/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T M9#(V7V(Y8CE?-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%RF%T:6]N(&%N9"!"87-I'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5]. M97AT4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(- M"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T M9#(V7V(Y8CE?-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA'0^-B!Y96%R65A7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'!I&5R8VES86)L92!A="!*=6YE(#,P+"`R,#$R/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$;G5M<#XQ+#4V,BPV.#$\&5R8VES92!0&5R8VES92!0 M'0^-R!Y96%R65A'0^-B!Y96%R'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO=&%B M;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P M9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O;G1E;G0M M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V7V(Y8CE? M-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$&5R8VES92!0'0^-R!M;VYT:',@-B!D87ES/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$&5R8VES86)L92!.=6UB97(@ M17AE&5R8VES86)L92!796EG:'1E9"U!=F5R86=E($5X M97)C:7-E(%!R:6-E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD M(#$\'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$&5R8VES92!0'0^-R!Y96%R&5R8VES86)L92!.=6UB97(@17AE M&5R8VES86)L92!796EG:'1E9"U!=F5R86=E($5X M97)C:7-E(%!R:6-E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$;G5M<#XD M(#,N-C,\'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$&5R M8VES92!07,\&5R8VES92!0'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$&5R M8VES92!0&5R M8VES92!0&5R8VES86)L93PO M=&0^#0H@("`@("`@(#QT9"!C;&%S7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA2!P97)I;V0@;V8@;W!T:6]N('!L M86X\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S&5R8VES960\+W1D/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$&5R8VES92!0'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$&5R8VES960\+W1D M/@T*("`@("`@("`\=&0@8VQA'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'!E8W1E9"!T;R!V97-T+"!O=71S=&%N9&EN9RP@3G5M8F5R/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#X\'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^,2!Y96%R(#$P(&UO;G1H'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$65T(%)E8V]G;FEZ960L(%-T;V-K($]P=&EO;G,\+W1D/@T*("`@("`@ M("`\=&0@8VQAF5D(&-O;7!E;G-A=&EO;B!C;W-T('1O(&)E(')E8V]G;FEZ960@;W9E M'0O:F%V M87-C3X-"B`@("`\=&%B M;&4@8VQA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P9#,V M-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V7V(Y8CE?-S!C M.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA'1U86PI6T%B'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT M4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V,3!A86(-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939?-#9D.5\T9#(V M7V(Y8CE?-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2`S,2P@,C`Q,CQB2!;365M8F5R73QB2!& M:6YA;F-I;F<@1F%C:6QI='D@6TUE;6)E2!;365M8F5R73QB2`H5&5X='5A;"D@ M6T%B'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$F5D/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$;G5M<#XT-2PP,#`L,#`P/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB M.5\W,&,X,3@V,3!A86(-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO M,&0S-C0S939?-#9D.5\T9#(V7V(Y8CE?-S!C.#$X-C$P86%B+U=O'0O:'1M;#L@8VAA M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'1U86PI("A5 M4T0@)"D\8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@("`@/'1H(&-L87-S/3-$ M=&@@8V]L'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^-2!Y96%R'!I7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA2!4'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$'1U M86PI(%M!8G-T6%B;&4@=6YD97(@8V]N'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$ M'1U86PI(%M!8G-T M'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$7!E M.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@ M/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C M;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA2!%87)N960@1G)O;2!+859O($1E;G1A;"!';6)(('1O M(&1E=F5L;W`@86YD(&-O;6UEF4@1$E&3U1)/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$;G5M<#XD(#4\7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T* M("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^-2!Y M96%R'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@ M/'1R(&-L87-S/3-$'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R M/@T*("`@("`@/'1R(&-L87-S/3-$2!!5$T@<')O9W)A;3PO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'1U86PI(%M!8G-T'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\P9#,V-#-E-E\T-F0Y7S1D,C9?8CEB.5\W,&,X,3@V M,3!A86(-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0S-C0S939? M-#9D.5\T9#(V7V(Y8CE?-S!C.#$X-C$P86%B+U=O&UL#0I#;VYT96YT+51R86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I M;G1A8FQE#0I#;VYT96YT+51Y<&4Z('1E>'0O:'1M;#L@8VAA&UL;G,Z;STS1")U'1087)T7S!D,S8T,V4V7S0V9#E?-&0R-E]B.6(Y 17S XML 19 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Based Compensation (Details 1) (USD $)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Schedule of stock option plans    
Number of Shares Outstanding at December 31, 2011 2,057,104  
Number of Shares Granted 350,563  
Number of Shares Exercised (53,123)  
Number of shares Forfeited or expired (159,238)  
Number of Shares Outstanding at June 30, 2012 2,195,306 2,057,104
Number of Shares Vested and exercisable at June 30, 2012 1,562,681  
Weighted Average Exercise Price per Share Outstanding at December 31, 2011 $ 4.35  
Weighted Average Exercise Price per Share Granted $ 3.93  
Weighted Average Exercise Price per Share Forfeited or expired $ 6.12  
Weighted Average Exercise Price per Share Outstanding at June 30, 2012 $ 4.18 $ 4.35
Weighted Average Exercise Price per Share Vested and exercisable at June 30, 2012 $ 4.01  
Weighted Average Remaining Contractual Term in Years Outstanding 7 years 6 years 7 months 6 days
Weighted Average Remaining Contractual Term in Years Vested and exercisable at June 30, 2012 6 years 4 months 24 days  
Aggregate Intrinsic Value Outstanding $ 211  
Aggregate Intrinsic Value Outstanding Vested and exercisable at June 30, 2012 $ 149  
XML 20 R28.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Based Compensation (Details)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Schedule of fair value of each option award granted    
Expected life 6 years 6 months 6 years 6 months
Expected volatility - Minimum 73.55% 70.54%
Expected volatility - Maximum 79.68% 76.32%
Risk-free interest rate - Minimum 0.93% 2.47%
Risk-free interest rate - Maximum 1.60% 3.34%
Dividend yield 0.00% 0.00%
XML 21 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Based Compensation (Details 2) (USD $)
6 Months Ended
Jun. 30, 2012
Range One [Member]
 
Schedule of stock option plans quantitative information  
Range of Exercise Prices, Lower Range Limit $ 0.01
Range of Exercise Prices, Upper Range Limit $ 1.00
Number Outstanding 43,329
Options Outstanding Weighted-Average Remaining Contractual Life 7 months 6 days
Options Outstanding Weighted Average Exercise Price $ 1.00
Options Exercisable Number Exercisable 43,329
Options Exercisable Weighted-Average Exercise Price $ 1.00
Range Two [Member]
 
Schedule of stock option plans quantitative information  
Range of Exercise Prices, Lower Range Limit $ 1.01
Range of Exercise Prices, Upper Range Limit $ 4.50
Number Outstanding 1,696,502
Options Outstanding Weighted-Average Remaining Contractual Life 7 years 4 months 24 days
Options Outstanding Weighted Average Exercise Price $ 3.58
Options Exercisable Number Exercisable 1,346,152
Options Exercisable Weighted-Average Exercise Price $ 3.63
Range Three [Member]
 
Schedule of stock option plans quantitative information  
Range of Exercise Prices, Lower Range Limit $ 4.51
Range of Exercise Prices, Upper Range Limit $ 11.11
Number Outstanding 455,475
Options Outstanding Weighted-Average Remaining Contractual Life 6 years 2 months 12 days
Options Outstanding Weighted Average Exercise Price $ 6.70
Options Exercisable Number Exercisable 173,200
Options Exercisable Weighted-Average Exercise Price $ 7.73
Net Range [Member]
 
Schedule of stock option plans quantitative information  
Range of Exercise Prices, Lower Range Limit $ 0.01
Range of Exercise Prices, Upper Range Limit $ 11.11
Number Outstanding 2,195,306
Options Outstanding Weighted-Average Remaining Contractual Life 7 years
Options Outstanding Weighted Average Exercise Price $ 4.18
Options Exercisable Number Exercisable 1,562,681
Options Exercisable Weighted-Average Exercise Price $ 4.01
XML 22 R31.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock Based Compensation (Details Textual) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended 3 Months Ended 6 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Jun. 30, 2012
2005 Stock Incentive Plan [Member]
Jun. 30, 2011
2005 Stock Incentive Plan [Member]
Jun. 30, 2012
2005 Stock Incentive Plan [Member]
Jun. 30, 2011
2005 Stock Incentive Plan [Member]
Jun. 30, 2012
2005 Stock Incentive Plan [Member]
Performance Milestones [Member]
Jun. 30, 2011
2005 Stock Incentive Plan [Member]
Performance Milestones [Member]
Jun. 30, 2012
2005 Stock Incentive Plan [Member]
Performance Milestones [Member]
Jun. 30, 2011
2005 Stock Incentive Plan [Member]
Performance Milestones [Member]
Shared Based Compensation (Textual) [Abstract]                    
Expiry period of option plan         Up to 10 years          
Compensation expense     $ 426 $ 564 $ 774 $ 734 $ 199 $ 13 $ 345 $ 28
Cash received from options and warrants exercised     0 0 33 0        
Number of stock options to purchase     2,195,306   2,195,306          
Range of Exercise Prices, Lower Range Limit         $ 1.00          
Range of Exercise Prices, Upper Range Limit         $ 11.11          
Weighted average fair value of options granted     $ 2.71 $ 2.18 $ 2.68 $ 2.20        
Total intrinsic value of options exercised     0 0 74 0        
Total options outstanding 2,195,306 2,057,104 2,195,306   2,195,306          
Options nonvested         632,625          
Share-based compensation arrangement by share-based payment award, options, vested and expected to vest, outstanding, Number             235,425   235,425  
Employee Service Share-Based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition         1 year 10 months 24 days          
Employee Service Share-Based Compensation Nonvested Awards, Total Compensation Cost Not yet Recognized, Stock Options     986   986   433   433  
Total unrecognized compensation cost to be recognized over the requisite service period         $ 553          
Shares available for future grants under ESOP     1,462,639   1,462,639          
XML 23 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Inventories
6 Months Ended
Jun. 30, 2012
Inventories [Abstract]  
INVENTORIES

3. INVENTORIES

 

Inventories are stated at the lower of cost (first-in, first-out) or market value. Inventory costs only include material purchases as the Company does not manufacture its products.

XML 24 R32.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments, Contingencies and Litigation (Details) (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Schedule of approximate aggregate minimum future payments  
2012 Remaining six months $ 216
2013 461
2014 478
2015 478
2016 478
Total $ 2,111
XML 25 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (USD $)
Jun. 30, 2012
Dec. 31, 2011
Current Assets:    
Cash and cash equivalents $ 17,211,098 $ 27,996,871
Accounts receivable 68,360  
Inventory 473,454  
Prepaid expenses and other current assets 664,463 1,061,550
Total Current Assets 18,417,375 29,058,421
Property and equipment, net 3,214,932 1,626,791
Patents and trademarks, net 53,258 59,208
Deferred financing costs   62,391
Deferred public offering cost 144,199  
Other assets 71,235 586,498
Total Assets 21,900,999 31,393,309
Current Liabilities:    
Accounts payable (includes related parties of $50,000 and $36,027-as of June 30, 2012 and December 31, 2011, respectively) 1,328,742 670,950
Accrued expenses 976,775 745,754
Deferred revenue (ST) 47,334  
Other current liabilities 43,270 30,993
Total Current Liabilities 2,396,121 1,447,697
Long Term Liabilities:    
Deferred rent 140,994 138,216
Deferred revenue (LT) 40,640  
Total Long Term Liabilities 181,634 138,216
Total Liabilities 2,577,755 1,585,913
COMMITMENTS, CONTINGENCIES and LITIGATION (Note 8)      
Stockholders Equity    
Preferred stock - $0.10 par value; authorized 10,000,000 shares: issued and outstanding: none      
Common stock $.001 par value; authorized 45,000,000 shares; issued and outstanding 30,332,217 shares at June 30, 2012 and 30,307,538 at December 31, 2011 30,332 30,308
Additional paid-in capital 150,057,460 149,304,424
Accumulated deficit (130,764,548) (119,527,336)
Stockholders' Equity 19,323,244 29,807,396
Total Liabilities and Stockholders' Equity $ 21,900,999 $ 31,393,309
XML 26 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Organization and Basis of Presentation
6 Months Ended
Jun. 30, 2012
Organization and Basis of Presentation [Abstract]  
ORGANIZATION AND BASIS OF PRESENTATION

1. ORGANIZATION AND BASIS OF PRESENTATION

MELA Sciences, Inc., a Delaware corporation (the “Company”), is a medical device company focused on the commercialization of our flagship product, MelaFind®, and the further design and development of MelaFind ® and our technology. MelaFind ® is a non-invasive, point-of-care (in the doctor’s office) instrument to aid in the detection of melanoma. MelaFind ® features a hand-held component that emits light of multiple wavelengths to capture digital data from clinically atypical pigmented skin lesions. The data are then analyzed utilizing sophisticated classification algorithms, ‘trained’ on our proprietary database of melanomas and benign lesions, to provide information to assist in the management of the patient’s disease, including information useful in the decision of whether to biopsy the lesion.

The Company received the Food and Drug Administration’s (“FDA”) approval of the Pre-Market Approval (“PMA”) application for Melafind ® in November 2011 and in September 2011 the Company received Conformite Europeenne (“CE”) Mark approval for MelaFind ®. The Company initiated a controlled launch of MelaFind ® in selected U.S. and German markets in March 2012. Prior to March of 2012 the Company had not generated any revenues from MelaFind ®.

During the second quarter of 2012, the Company continued the MelaFind® controlled launch with additional installations of MelaFind ® systems in both the U.S. and Germany. In the U.S., MelaFind ® systems were placed principally in the Northeast with additional installations in certain Southeastern, Southwestern and Middle-Atlantic states.

The Company anticipates that it will continue to incur net losses for the foreseeable future in the commercialization of the Melafind ® device, the conduct of a Post Approval Study (“PAS”) evaluating the sensitivity of physicians in diagnosing melanomas and high-grade lesions and the false positive rate after using MelaFind®, the further development of Melafind® and the Company’s technology and the expansion of its corporate infrastructure. From inception, the Company has financed operations initially through the sale of convertible preferred stock prior to becoming a public company in 2005 and subsequently through the sale of common stock

On June 15, 2012, the Company entered into a sales agreement (the “Sales Agreement”) with Cowen and Company, LLC (“Cowen”) to sell shares of its common stock with aggregate gross proceeds of up to $20,000,000, from time to time, through an “at-the-market” equity offering program (“ATM Program”) under which Cowen will act as sales agent. There were no shares of the Company’s common stock sold through the ATM Program as of June 30, 2012.

The Company faces certain risks and uncertainties which are present in many emerging medical device companies regarding future profitability, ability to obtain future capital, protection of patents and intellectual property rights, competition, rapid technological change, government regulations, changing health care marketplace, recruiting and retaining key personnel, and reliance on third party manufacturing organizations.

As of June 30, 2012, the Company’s total of cash and cash equivalents was approximately $17.2 million. Management believes that this cash balance along with anticipated revenues and the utilization of the Company’s ATM Program will be sufficient to fund the Company’s anticipated level of operations for at least the next twelve months. However, the Company will need substantial funds to broaden the commercial expansion of MelaFind®, including further development of a direct sales force and expansion of the Company’s contract manufacturing capacity.

 

The net proceeds anticipated from the ATM Program are intended to be used to continue the commercial launch of MelaFind® in the U.S. and the European Union, for continued research & development activities and for general corporate purposes, including working capital. There can be no assurances that the Company will be able to obtain additional financing in the future. Additional funds may not become available on acceptable terms, and there can be no assurance that any additional funding that the Company does obtain will be sufficient to meet the Company’s needs in the long term. In the event that the Company is unable to raise additional funds, the Company has the ability and intent to reduce certain discretionary expenditures.

The unaudited condensed financial statements included herein have been prepared from the books and records of the Company pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) for reporting on Form 10-Q. The information and note disclosures normally included in complete financial statements prepared in accordance with generally accepted accounting principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules and regulations. The interim financial statements should be read in conjunction with the audited financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2011.

The Company’s management is responsible for the financial statements included in this document. The Company’s interim financial statements are unaudited. Interim results may not be indicative of the results that may be expected for the year. However, the Company believes all adjustments considered necessary for a fair presentation of these interim financial statements have been included and are of a normal and recurring nature.

XML 27 R35.htm IDEA: XBRL DOCUMENT v2.4.0.6
Warrants (Details)
Jun. 30, 2012
Dec. 31, 2011
Schedule Of Warrants Issued    
Outstanding at December 31, 2011 546,781 546,781
Issued On 2007 [Member]
   
Schedule Of Warrants Issued    
Outstanding at December 31, 2011 346,781 346,781
Issued On 2009 [Member]
   
Schedule Of Warrants Issued    
Outstanding at December 31, 2011 200,000 200,000
XML 28 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Stock-Based Compensation [Abstract]  
Schedule of fair value of each option award granted

The fair value of each option award granted is estimated on the date of grant using the Black-Scholes option valuation model and assumptions as noted in the following table:

 

         
    For the Six Months
Ended  June 30, 2012
  For the Six Months
Ended  June 30, 2011

Expected life

  6.5 years   6.5 years

Expected volatility

  73.55-79.68%   70.54-76.32%%

Risk-free interest rate

  0.93-1.60%   2.47-3.34%

Dividend yield

  0%   0%
Schedule of stock option plans

The status of the Company’s stock option plans at June 30, 2012 is summarized in the following:

 

                                 
    Number of
Shares
    Weighted
Average
Exercise
Price per
Share
    Weighted
Average
Remaining
Contractual
Term in
Years
    Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2011

    2,057,104     $ 4.35       6.6          

Granted

    350,563       3.93       —            

Exercised

    (53,123     —         —            

Forfeited or expired

    (159,238     6.12       —            
   

 

 

                         

Outstanding at June 30, 2012

    2,195,306     $ 4.18       7.0     $ 211  
   

 

 

                         

Vested and exercisable at June 30, 2012

    1,562,681     $ 4.01       6.4     $ 149  
Schedule of stock option plans quantitative information
                                     
     Number
Outstanding
    Options  Outstanding
Weighted-

Average
Remaining
Contractual

Life
  Weighted
Average
Exercise
Price
    Options Exercisable  

Range of Exercise Prices

        Number
Exercisable
    Weighted-
Average

Exercise
Price
 

$.01-$1.00

    43,329     0.6 years   $ 1.00       43,329     $ 1.00  

$1.01-$4.50

    1,696,502     7.4 years   $ 3.58       1,346,152     $ 3.63  

$4.51-$11.11

    455,475     6.2 years   $ 6.70       173,200     $ 7.73  
   

 

 

               

 

 

         

$.01-$11.11

    2,195,306     7.0 years   $ 4.18       1,562,681     $ 4.01  
   

 

 

               

 

 

         
XML 29 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Warrants (Details Textual) (USD $)
1 Months Ended 6 Months Ended 1 Months Ended 6 Months Ended
Aug. 31, 2007
Jun. 30, 2012
Dec. 31, 2011
Aug. 31, 2012
Issued On 2007 [Member]
Aug. 31, 2007
Issued On 2007 [Member]
Jun. 30, 2012
Issued On 2007 [Member]
Dec. 31, 2011
Issued On 2007 [Member]
Jun. 30, 2012
Issued On 2009 [Member]
Dec. 31, 2011
Issued On 2009 [Member]
May 07, 2009
Issued On 2009 [Member]
Warrants (Textual) [Abstract]                    
Warrants Issued to purchase common stock 500,041       500,041          
Warrant Outstanding   546,781 546,781     346,781 346,781 200,000 200,000  
Exercise price of warrants outstanding           $ 8.00        
Warrant expiration period       60 months            
Contractual Term of Warrant   5 years           5 years    
Common Stock shares issued for warrants exercisable                   200,000
Common Stock shares issued for warrants, Exercise Price                   $ 11.35
Expiry Date for the Warrants Outstanding               May 01, 2014    
XML 30 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Warrants (Tables)
6 Months Ended
Jun. 30, 2012
Warrants [Abstract]  
Schedule of warrants issued
                         
    Issued     Issued        
    2007     2009     Total  
       

Outstanding at December 31, 2011

    346,781       200,000       546,781  
   

 

 

   

 

 

   

 

 

 

Outstanding at June 30, 2012

    346,781       200,000       546,781  
   

 

 

   

 

 

   

 

 

 
XML 31 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 32 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Revenue Recognition
6 Months Ended
Jun. 30, 2012
Revenue Recognition [Abstract]  
REVENUE RECOGNITION

2. REVENUE RECOGNITION

The Company considers revenue to be earned when all of the following criteria are met: persuasive evidence a sales arrangement exists; delivery has occurred or services have been rendered; the price is fixed or determinable; and collectability is reasonably assured. The Company’s agreements with dermatologists regarding the MelaFind ® system combines the elements noted above with a future service obligation. While the Company is required to place the MelaFind® system with dermatologists for their exclusive use, ownership of the MelaFind ® system remains with the Company.

In the U.S., the Company generates revenue primarily from the sale of single-use electronic patient record cards. These cards activate the MelaFind ® system, capture data and store the data for each patient visit. Additionally, the Company typically charges an initial installation fee for each MelaFind ® system which covers training, delivery, supplies, maintenance and the right to use MelaFind ®. In accordance with the accounting guidance regarding multiple-element arrangements, the Company defers revenue for the undelivered service element based upon the relative standalone selling prices, and recognizes the associated revenue over the related service period, generally expected to be two years.

In Germany, the typical contract with dermatologists calls for a fixed monthly fee and a per patient usage charge. Revenue generated from German contracts is recognized when earned.

XML 33 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Balance Sheets (Parenthetical) (USD $)
Jun. 30, 2012
Dec. 31, 2011
Condensed Balance Sheets [Abstract]    
Accounts payable, related parties $ 50,000 $ 36,027
Preferred stock, par value $ 0.10  
Preferred stock, shares authorized 10,000,000  
Preferred stock, shares issued 0  
Preferred stock, shares outstanding 0  
Common stock, par value $ 0.001  
Common stock, shares authorized 45,000,000  
Common stock, shares issued 30,332,217 30,307,538
Common stock, shares outstanding 30,332,217 30,307,538
XML 34 R17.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Income
6 Months Ended
Jun. 30, 2012
Other Income [Abstract]  
OTHER INCOME

12. OTHER INCOME

During April 2005, the Company discontinued all operations associated with its DIFOTI ® product in order to focus its resources and attention on the development and commercialization of MelaFind ®. During December 2006, the Company entered into a sale and exclusive licensing agreement with KaVo Dental GmbH (“KaVo”), a leading dental equipment manufacturer, which provides for KaVo to further develop and commercialize DIFOTI®. Beginning in July 2008, KaVo is required to pay to the Company a royalty stream based upon the worldwide aggregate net sales of the licensed product, as defined in the license agreement, or a set minimum. During the three and six months ended June 30, 2012 and June 30, 2011, respectively, the Company earned $5 and $10 as the pro-rated portion of the minimum royalty as KaVo has not re-launched the product as of June 30, 2012.

XML 35 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
6 Months Ended
Jun. 30, 2012
Jul. 31, 2012
Document and Entity Information [Abstract]    
Entity Registrant Name MELA SCIENCES, INC. /NY  
Entity Central Index Key 0001051514  
Document Type 10-Q  
Document Period End Date Jun. 30, 2012  
Amendment Flag false  
Document Fiscal Year Focus 2012  
Document Fiscal Period Focus Q2  
Current Fiscal Year End Date --12-31  
Entity Filer Category Accelerated Filer  
Entity Common Stock, Shares Outstanding   30,519,319
XML 36 R18.htm IDEA: XBRL DOCUMENT v2.4.0.6
Subsequent Events
6 Months Ended
Jun. 30, 2012
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

During July 2012, 187,102 shares of Company common stock, for gross proceeds of approximately $0.7 million, were sold through the Company’s ATM Program. Approximately $19.3 million remains available under the ATM Program as of July 31, 2012. The Company had 30,519,319 shares of common stock issued and outstanding as of July 31, 2012.

 

In connection with the Company’s private placement in August 2007, the Company issued 5-year warrants to purchase up to 500,041 shares of the Company’s common stock. At June 30, 2012, there were 346,781 of the 2007 warrants outstanding and exercisable at a price of $8.00 per share. On August 3, 2012, 5 years after their effective date, all 346,781 of the 2007 outstanding warrants expired.

XML 37 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Operations (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Condensed Statements of Operations [Abstract]        
Revenue $ 75,757   $ 87,007  
Cost of revenue 372,048   502,458  
Gross profit (296,291)   (415,451)  
Operating expenses:        
Research and development 1,673,338 2,620,554 4,108,096 5,196,682
General and administrative 3,528,575 2,208,059 6,746,066 4,601,179
Operating loss (5,498,204) (4,828,613) (11,269,613) (9,797,861)
Interest income 9,021 13,934 22,405 34,465
Other income 4,996 5,022 9,996 11,670
Net loss $ (5,484,187) $ (4,809,657) $ (11,237,212) $ (9,751,726)
Basic and diluted net loss per common share $ (0.18) $ (0.19) $ (0.37) $ (0.39)
Basic and diluted weighted average number of common shares outstanding 30,332,217 25,262,538 30,323,061 25,262,538
XML 38 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stock-Based Compensation
6 Months Ended
Jun. 30, 2012
Stock-Based Compensation [Abstract]  
STOCK-BASED COMPENSATION

7. STOCK-BASED COMPENSATION

The Company has one stock-based compensation plan, the 2005 Stock Incentive Plan (“2005 Plan”), under which the Board of Directors may currently grant incentives to employees, consultants, directors, officers and collaborating scientists in the form of incentive stock options, nonqualified stock options and restricted stock awards. The Company also has one other stock-based compensation plan pursuant to which stock options are outstanding but no new grants may be made.

Stock awards under the Company’s stock option plans have been granted at prices which are no less than the market value of the stock on the date of the grant. Options granted under the 2005 Plan are generally time-based or performance-based, and vesting varies accordingly. Options under this plan expire in up to a maximum of ten years from the date of grant.

The compensation expense recognized in the Statement of Operations in the second quarter of 2012 and 2011 for stock options amounted to $426 (of which $199 relates to performance milestones) and $564 (of which $13 relates to performance milestones), respectively. For the six months ended June 2012 and 2011, compensation expense for stock options amounted to $774 (of which $345 relates to performance milestones) and $734 (of which $28 relates to performance milestones), respectively. No cash was received from options and warrants exercised under all share-based payment arrangements for the three month periods ended June 30, 2012 and 2011, respectively, and for the six month periods ended June 30, 2012 and 2011 cash received was $33 and $0, respectively.

 

 

The fair value of each option award granted is estimated on the date of grant using the Black-Scholes option valuation model and assumptions as noted in the following table:

 

         
    For the Six Months
Ended  June 30, 2012
  For the Six Months
Ended  June 30, 2011

Expected life

  6.5 years   6.5 years

Expected volatility

  73.55-79.68%   70.54-76.32%%

Risk-free interest rate

  0.93-1.60%   2.47-3.34%

Dividend yield

  0%   0%

The expected life of the options is based on the expected time to full-vesting, forfeiture and exercise. The expected volatility assumptions were determined based upon the historical volatility of the Company’s daily closing stock price. The risk-free interest rate is based on the continuous rates provided by the U.S. Treasury with a term equal to the expected life of the option. The expected dividend yield is zero as the Company has never paid dividends and does not currently anticipate paying any in the foreseeable future.

At June 30, 2012, stock options to purchase 2,195,306 shares of common stock at exercise prices ranging from $1.00 to $11.11 per share are outstanding and exercisable at various dates through 2022.

During the three months and six months ended June 30, 2012, the weighted average fair value of options granted, estimated as of the grant date using the Black-Scholes option valuation model, was $2.71 and $2.68, respectively. For the three month and six month periods ended June 30, 2011, the weighted average fair value of options granted was $2.18 and $2.20, respectively. There were no options exercised in the three month period ended June 30, 2012. For the six months ended June 30, 2012 the total intrinsic value of options exercised was $74. For the three month and six month periods ended June 30, 2011 no options were exercised.

 

The status of the Company’s stock option plans at June 30, 2012 is summarized in the following:

 

                                 
    Number of
Shares
    Weighted
Average
Exercise
Price per
Share
    Weighted
Average
Remaining
Contractual
Term in
Years
    Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2011

    2,057,104     $ 4.35       6.6          

Granted

    350,563       3.93       —            

Exercised

    (53,123     —         —            

Forfeited or expired

    (159,238     6.12       —            
   

 

 

                         

Outstanding at June 30, 2012

    2,195,306     $ 4.18       7.0     $ 211  
   

 

 

                         

Vested and exercisable at June 30, 2012

    1,562,681     $ 4.01       6.4     $ 149  

 

                                     
     Number
Outstanding
    Options  Outstanding
Weighted-

Average
Remaining
Contractual

Life
  Weighted
Average
Exercise
Price
    Options Exercisable  

Range of Exercise Prices

        Number
Exercisable
    Weighted-
Average

Exercise
Price
 

$.01-$1.00

    43,329     0.6 years   $ 1.00       43,329     $ 1.00  

$1.01-$4.50

    1,696,502     7.4 years   $ 3.58       1,346,152     $ 3.63  

$4.51-$11.11

    455,475     6.2 years   $ 6.70       173,200     $ 7.73  
   

 

 

               

 

 

         

$.01-$11.11

    2,195,306     7.0 years   $ 4.18       1,562,681     $ 4.01  
   

 

 

               

 

 

         

As of June 30, 2012, of the total 2,195,306 options outstanding, 632,625 have not vested. Of this total unvested amount, 235,425 options will vest upon the attainment of certain milestones, and the balance will vest over the requisite service period. The weighted average vesting period for the non-milestone, non-vested awards not yet recognized is 1.9 years.

 

As of June 30, 2012, of the $986 of total unrecognized compensation cost related to unvested options to be recognized, $433 is to be recognized over a period to be determined by performance-based milestones, and $553 is to be recognized over the requisite service period through 2016.

As of June 30, 2012, there were 1,462,639 shares available for future grants under the Company’s 2005 Plan.

XML 39 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Loss Per Common Share
6 Months Ended
Jun. 30, 2012
Net Loss Per Common Share [Abstract]  
NET LOSS PER COMMON SHARE

6. NET LOSS PER COMMON SHARE

Basic net loss per common share excludes dilution for potentially dilutive securities and is computed by dividing loss attributable to common stockholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share gives effect to dilutive options, warrants and other potential common shares outstanding during the period. Diluted net loss per common share is equal to the basic net loss per common share since all potentially dilutive securities are anti-dilutive for each of the periods presented. Potential common stock equivalents excluded consist of stock options and warrants which are summarized as follows:

 

                 
    June 30,  
    2012     2011  

Common stock options

    2,195,306       2,107,429  

Warrants

    546,781       546,781  
   

 

 

   

 

 

 

Total

    2,742,087       2,654,210  
   

 

 

   

 

 

 
XML 40 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments, Contingencies and Litigation (Tables)
6 Months Ended
Jun. 30, 2012
Commitments, Contingencies and Litigation [Abstract]  
Schedule of approximate aggregate minimum future payments

The approximate aggregate minimum future payments due under this lease are as follows:

 

         
Year ended December 31,      
   

2012 Remaining six months

  $ 216  

2013

    461  

2014

    478  

2015

    478  

2016

    478  
   

 

 

 
    $ 2,111  
   

 

 

 
XML 41 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Inventories (Policies)
6 Months Ended
Jun. 30, 2012
Inventories [Abstract]  
INVENTORIES

Inventories are stated at the lower of cost (first-in, first-out) or market value. Inventory costs only include material purchases as the Company does not manufacture its products.

XML 42 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Warrants
6 Months Ended
Jun. 30, 2012
Warrants [Abstract]  
WARRANTS

10. WARRANTS

 

                         
    Issued     Issued        
    2007     2009     Total  
       

Outstanding at December 31, 2011

    346,781       200,000       546,781  
   

 

 

   

 

 

   

 

 

 

Outstanding at June 30, 2012

    346,781       200,000       546,781  
   

 

 

   

 

 

   

 

 

 

In connection with the Company’s private placement in August 2007, the Company issued 5-year warrants to purchase up to 500,041 shares of the Company’s common stock. At June 30, 2012, 346,781 of the 2007 warrants were outstanding and exercisable at a price of $8.00 per share. At August 3, 2012, 60 months from their effective date, all 346,781 of the outstanding 2007 warrants expired.

In addition, in connection with the May 7, 2009 CEFF with Kingsbridge Capital, the Company issued a 5-year warrant to Kingsbridge to purchase up to 200,000 shares of the Company’s common stock at an exercise price of $11.35 per share. These 200,000 warrants are outstanding at June 30, 2012 and, if not exercised, will expire in May of 2014.

No warrants were exercised during the three and six month periods ended June 30, 2012 and June 30, 2011, respectively.

 

XML 43 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commitments, Contingencies and Litigation
6 Months Ended
Jun. 30, 2012
Commitments, Contingencies and Litigation [Abstract]  
COMMITMENTS, CONTINGENCIES AND LITIGATION

8. COMMITMENTS, CONTINGENCIES and LITIGATION

The Company is obligated under a non-cancelable operating lease for office, lab, and manufacturing space expiring December 2016. The lease is subject to escalations for increases in operating expenses. The approximate aggregate minimum future payments due under this lease are as follows:

 

         
Year ended December 31,      
   

2012 Remaining six months

  $ 216  

2013

    461  

2014

    478  

2015

    478  

2016

    478  
   

 

 

 
    $ 2,111  
   

 

 

 

Rental payments are recognized as rent expense on a straight-line basis over the term of the lease. In April 2012, the Company entered into an agreement, effective May 1, 2012, which amended the existing lease for laboratory, assembly and office space which runs through December 2016. This amendment increases the previously leased space by 1,700 square feet at an annual rental of $22.

ASKION GmbH (“ASKION”), located in Gera Germany, which specializes in precision optics, is an integral member of the MelaFind® manufacturing and development team. ASKION produced the MelaFind ® hand-held devices used in our pivotal clinical trials. In January of 2012, the Company entered into an expanded manufacturing agreement with ASKION to continue developmental engineering, production and testing of our hand-held device, and to assemble and test the integrated finished MelaFind ® system to be placed within the European Union.

The Company, primarily through ASKION, engages Carl Zeiss Jena GmbH (“Zeiss”) to build the lenses and assemblies, as well as provide certain technical consulting, for the MelaFind ® units that had been used in the Company’s clinical trials and the commercial units currently being manufactured. This work is expected to continue on commercial MelaFind® units beyond 2012.

In addition, we are utilizing Nexcore Technology Inc., an FDA GMP compliant and ISO 9001 certified and ISO 13485 original equipment manufacturer of medical devices in New Jersey, to provide the assembled and tested MelaFind® systems for installation in the U.S.

The Company has an employment agreement with its President and Chief Executive Officer, Dr. Gulfo, which provides for an annual base salary, stock options and discretionary performance bonuses. The agreement, which provides for automatic one-year renewal terms, currently runs through the end of 2012.

 

On November 19, 2010, a purported securities class action complaint was filed in the U.S. District Court for the Southern District of New York, naming as defendants the Company and certain of its officers and directors, entitled Randall J. Pederson, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 7:10-cv-08774-JFM. Two similar complaints were also filed, one on December 2, 2010 and the other on January 20, 2011, in the same District Court, entitled Amy Steigman, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 7:10-cv-09024-JFM; and Martin Slove and Linda Slove, Individually and on Behalf of All Others Similarly Situated v. MELA Sciences, Inc., Joseph V. Gulfo, Richard I. Steinhart, and Breaux Castleman, No. 1:11 cv-00429-JFM. These three securities class actions were consolidated into one action on February 15, 2011, entitled In re MELA Sciences, Inc. Securities Litigation, No. 10-Civ-8774-JFM (“securities class action”).

The securities class action plaintiffs assert violations of the Securities Exchange Act of 1934, alleging, among other things, that defendants made misstatements and omissions regarding the Company’s product, MelaFind®, and its prospects for FDA approval, on behalf of stockholders who purchased the Company’s common stock during the period from February 13, 2009 through November 16, 2010, and seek unspecified damages. On May 2, 2011, the securities class action plaintiffs filed their amended consolidated complaint, alleging similar claims to their prior complaints. On July 29, 2011, defendants filed a motion to dismiss the consolidated amended complaint in its entirety. Plaintiff’s opposition to the motion to dismiss was filed on September 23, 2011. In light of the Company’s receipt of the Approvable Letter from the FDA for the MelaFind ® PMA Application on September 22, 2011, the parties filed a stipulation on October 19, 2011 in which plaintiff stated its intention to file a motion seeking leave to amend its complaint. Defendants withdrew the outstanding motion to dismiss the current Amended Complaint without prejudice to renew it at a later date. On November 18, 2011, plaintiffs filed their motion for leave to amend the consolidated amended complaint. On December 18, 2011, defendants filed an opposition to plaintiff’s motion for leave to amend the consolidated amended complaint. On February 8, 2012, plaintiffs filed their reply to defendants’ opposition to the motion. On March 16, 2012, plaintiffs filed a revised proposed second amended complaint. On March 30, 2012, defendants filed a surreply in further opposition to the motion. On April 16, 2012, plaintiffs filed a surreply in further support of the motion.

The Company believes that it has meritorious defenses and intends to vigorously defend against the securities class action; however, as with any litigation, we cannot predict with any degree of certainty the eventual outcome of this litigation. An adverse outcome could have a material adverse effect on our business and our business could be materially harmed.

From time to time, we may be a party to certain legal proceedings, incidental to the normal course of our business. These may include controversies relating to contract claims and employment related matters, some of which claims may be material in which case we will make separate disclosure as required.

XML 44 R14.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Equity
6 Months Ended
Jun. 30, 2012
Stockholders' Equity [Abstract]  
STOCKHOLDERS' EQUITY

9. STOCKHOLDERS’ EQUITY

In May 2009, the Company entered into a committed equity financing facility (“CEFF”) with Kingsbridge Capital Limited, pursuant to which Kingsbridge committed to purchase from time to time at the Company’s sole discretion, up to the lesser of $45 million or 3,327,000 shares of the Company’s common stock, prior to May 25, 2012. In connection with this CEFF, the Company issued a 5 year warrant, exercisable as of November 7, 2009, to Kingsbridge to purchase up to 200,000 shares of the Company’s common stock at an exercise price of $11.35 per share.

The CEFF terminated in May 2012 with 1,095,315 shares of common stock remaining unsold. Legal, accounting, and other costs associated with this agreement approximating $62 have been charged to operations in the quarter ended June 30, 2012 as the CEFF expired. The 200,000 warrants held by Kingsbridge remain outstanding and, if not exercised, will expire in May 2014.

 

In May 2010, the Company filed a Form S-3 shelf registration statement for an indeterminate number of shares of common stock, warrants to purchase shares of common stock and units consisting of a combination thereof having an aggregate initial offering price not to exceed $75 million. The registration statement was declared effective by the SEC on June 1, 2010. On June 30, 2010, the Company entered into an underwriting agreement, relating to the public offering of 2,200,000 shares of the Company’s common stock, at a price to the public of $7.50 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on June 30, 2010, in connection with a takedown from the Company’s effective shelf registration statement.

On December 15, 2011, the Company entered into an underwriting agreement, relating to the public offering of 5,000,000 shares of the Company’s common stock, at a price to the public of $3.25 per share less underwriting discounts and commissions. The common stock was offered and sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on December 16, 2011, in connection with a takedown from the Company’s effective shelf registration statement. The gross proceeds to the Company from the sale of the common stock totaled approximately $16.3 million. After deducting the underwriters’ discounts and commissions and other offering expenses payable by the Company, net proceeds were approximately $15 million. This offering closed on December 21, 2011. Approximately $42.2 million remained available under the Company’s 2010 shelf registration at December 31, 2011.

On June 15, 2012 the Company entered into a sales agreement with Cowen and Company, LLC to sell shares of its common stock with aggregate gross proceeds of up to $20 million, from time to time, through an ATM Program. The common stock was offered and will be sold pursuant to the Company’s Prospectus dated June 1, 2010 and the Company’s Prospectus Supplement filed with the SEC on June 15, 2012, in connection with a takedown from the Company’s effective shelf registration statement, leaving $22.2 million available under the shelf registration. There were no shares of Company common stock sold through this ATM Program as of June 30, 2012. During July 2012, there were 187,102 shares of Company common stock sold through the ATM for gross proceeds of approximately $0.7 million.

As of June 30, 2012, the Company had 45,000,000 shares of $0.001 par value common stock authorized and 30,332,217 shares issued and outstanding; and had 10,000,000 shares of $0.10 par value preferred stock authorized with no preferred shares issued and outstanding.

XML 45 R16.htm IDEA: XBRL DOCUMENT v2.4.0.6
Related Party Consulting Agreements
6 Months Ended
Jun. 30, 2012
Related Party Consulting Agreements [Abstract]  
RELATED PARTY CONSULTING AGREEMENTS

11. RELATED PARTY CONSULTING AGREEMENTS

The Company has in place the following consulting agreements with related parties:

Consulting Agreement with Breaux Castleman

In June 2003, the Company entered into a consulting agreement with Breaux Castleman, a former member and the former Chairman of the Company’s Board of Directors, for consulting services related to the FDA approval of MelaFind® PMA application and the Company’s business and financial strategy. Under this agreement, Mr. Castleman received compensation for each month of services rendered. The Company made payments pursuant to this consulting agreement of $6 and $12 in the three and six month periods ended June 30, 2011. This consulting agreement was terminated in December 2011 at the time of Mr. Castleman’s resignation from the Company’s Board of Directors.

Consulting Agreement with Gerald Wagner, Ph.D

In January 2007, Dr. Wagner, Ph.D., a former member of the Company’s Board of Directors, entered into an amended and restated consulting contract with the Company for consulting services related to the Company’s operations. Under the terms of the amended contract, Dr. Wagner is paid a monthly retainer of $2.5 and will be paid $2.5 for each additional consulting day. This amended agreement may terminate at the option of Dr. Wagner or the Company at any time, by providing fifteen days’ prior written notice, or immediately upon the mutual agreement of the Company and Dr. Wagner. The Company paid consulting costs pursuant to this agreement of $7.5 and $15 in the three and six month periods ended June 30, 2012 and June 30, 2011, respectively. Dr. Wagner resigned from the Company’s Board of Directors in December 2011, with his consulting contract remaining in effect.

Consulting Agreement with Anne Egger

In March 2009, the Company entered into a consulting agreement with Anne Egger for certain consulting services primarily focusing on physician advocacy. The agreement was for an initial term of three months, and has subsequently been extended to run through September 2012, and may be terminated by either party with 30 days’ notice. Under the terms of the agreement, Ms. Egger is entitled to receive a consulting fee of $1.6 per day. The Company did not pay any amount to Ms. Egger for consulting in the three and six month periods ended June 30, 2012 and June 30, 2011, respectively. Ms. Egger was appointed to the Company’s Board of Directors in June 2009.

XML 46 R34.htm IDEA: XBRL DOCUMENT v2.4.0.6
Stockholders' Equity (Details) (USD $)
6 Months Ended 6 Months Ended
Jun. 30, 2012
Jul. 31, 2012
Dec. 31, 2011
Jun. 30, 2012
Committed Equity Financing Facility [Member]
May 31, 2012
Committed Equity Financing Facility [Member]
May 25, 2012
Committed Equity Financing Facility [Member]
Nov. 07, 2009
Committed Equity Financing Facility [Member]
Dec. 15, 2011
Shelf Registration Statement [Member]
Jun. 30, 2010
Shelf Registration Statement [Member]
Jun. 01, 2010
Shelf Registration Statement [Member]
Jun. 30, 2012
Atm Program [Member]
Jun. 15, 2012
Atm Program [Member]
Dec. 31, 2011
Atm Program [Member]
Stockholders' Equity (Textual) [Abstract]                          
Common Stock Purchase by Kingsbridge           3,327,000              
Common Stock Shares, Purchase by Kingsbridge           $ 45,000,000              
Common Stock shares issued for warrants exercisable             200,000            
Common Stock shares issued for warrants, Exercise Price             $ 11.35            
Contractual Term of Warrant 5 years     5 years                  
Common Stock Shares unsold on termination of CEFF         1,095,315                
Legal, accounting, and other costs associated with CEFF agreement       62                  
Warrants Outstanding       200,000                  
Aggregate Initial Offering Price on Self Registration Statement                   75,000,000      
Public Offering Of Common Stock Shares under underwriting agreement               5,000,000 2,200,000        
Initial Public offering price Per Share               $ 3.25 $ 7.50        
Gross proceeds from sale of common stock                   16,300,000 700,000 20,000,000  
Net Proceeds From Sale of Common Stock                   15,000,000      
Amount Available Under Shelf Registration Statement                     $ 22,200,000   $ 42,200,000
Common stock, shares issued 30,332,217 30,519,319 30,307,538               187,102    
Stockholders Equity (Additional Textual) [Abstract]                          
Preferred stock, par value $ 0.10                        
Preferred stock, shares authorized 10,000,000                        
Preferred stock, shares issued 0                        
Preferred stock, shares outstanding 0                        
Common stock, par value $ 0.001                        
Common stock, shares authorized 45,000,000                        
Common stock, shares outstanding 30,332,217 30,519,319 30,307,538                    
XML 47 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Loss Per Common Share (Tables)
6 Months Ended
Jun. 30, 2012
Net Loss Per Common Share [Abstract]  
Schedule of stock options and warrants

Potential common stock equivalents excluded consist of stock options and warrants which are summarized as follows:

 

                 
    June 30,  
    2012     2011  

Common stock options

    2,195,306       2,107,429  

Warrants

    546,781       546,781  
   

 

 

   

 

 

 

Total

    2,742,087       2,654,210  
   

 

 

   

 

 

 
XML 48 R26.htm IDEA: XBRL DOCUMENT v2.4.0.6
Revenue Recognition (Details)
6 Months Ended
Jun. 30, 2012
Revenue Recognition (Textual) [Abstract]  
Associated revenue over the related service period 2 years
XML 49 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Statements of Cash Flows (Unaudited) (USD $)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net loss $ (11,237,212) $ (9,751,726)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 330,395 283,785
Noncash compensation 774,493 734,222
Write off of unamortized financing costs 62,391  
Changes in operating assets and liabilities:    
Increase in accounts receivable (68,360)  
Increase in inventory (383,181)  
Decrease (Increase) in prepaid expenses and other current assets 306,814 (410,357)
Increase (decrease) in accounts payable and accrued expenses 888,813 (419,525)
Increase in deferred rent 2,778 16,956
Increase in other assets (6,751)  
Increase in deferred revenue 87,974  
Increase (decrease) in other current liabilities 12,277 (647)
Net cash used in operating activities (9,229,569) (9,547,292)
Cash flows from investing activities:    
Purchases of property and equipment (1,390,572) (30,811)
Net cash used in investing activities (1,390,572) (30,811)
Cash flows from financing activities:    
Proceeds from exercise of stock options 33,310  
Expenses related to Public Offerings (198,942)  
Net cash provided by financing activities (165,632)  
Net decrease in cash and cash equivalents (10,785,773) (9,578,103)
Cash and cash equivalents at beginning of period 27,996,871 30,520,812
Cash and cash equivalents at end of period 17,211,098 20,942,709
Non-cash investing activity:    
Reclassification of MelaFind components from other assets to property and equipment $ 522,014  
XML 50 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Recent Accounting Pronouncements
6 Months Ended
Jun. 30, 2012
Recent Accounting Pronouncements [Abstract]  
RECENT ACCOUNTING PRONOUNCEMENTS

5. RECENT ACCOUNTING PRONOUNCEMENTS

 

In June, 2011, the FASB issued Accounting Standard Update No 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05). Under ASU 2011-05, an entity has the option to present the total of comprehensive income either in a single continuous statement of comprehensive income or in two separate but continuous statements of income and comprehensive income. The option of presentation of the components of other comprehensive income as part of the statement of change in the stockholders’ equity has been eliminated. This update was applied retrospectively and was effective for the Company for the fiscal year beginning January 1, 2012. For the periods ended June 30, 2011 and June 30, 2012, comprehensive loss was equal to net loss as the Company had no other comprehensive income or loss to report in either period.

XML 51 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Net Loss Per Common Share (Details)
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Schedule of stock options and warrants    
Potential common stock equivalents 2,742,087 2,654,210
Common stock options [Member]
   
Schedule of stock options and warrants    
Potential common stock equivalents 2,195,306 2,107,429
Warrants [Member]
   
Schedule of stock options and warrants    
Potential common stock equivalents 546,781 546,781
XML 52 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 66 174 1 false 16 0 false 6 false false R1.htm 00 - Document - Document and Entity Information Sheet http://melasciences.com/role/DocumentAndEntityInformation Document and Entity Information true false R2.htm 0110 - Statement - Condensed Balance Sheets Sheet http://melasciences.com/role/BalanceSheets Condensed Balance Sheets false false R3.htm 0111 - Statement - Condensed Balance Sheets (Parenthetical) Sheet http://melasciences.com/role/BalanceSheetsParenthetical Condensed Balance Sheets (Parenthetical) false false R4.htm 0120 - Statement - Condensed Statements of Operations (Unaudited) Sheet http://melasciences.com/role/StatementsOfOperations Condensed Statements of Operations (Unaudited) false false R5.htm 0130 - Statement - Condensed Statements of Cash Flows (Unaudited) Sheet http://melasciences.com/role/StatementsOfCashFlows Condensed Statements of Cash Flows (Unaudited) false false R6.htm 0201 - Disclosure - Organization and Basis of Presentation Sheet http://melasciences.com/role/OrganizationAndBasisOfPresentation Organization and Basis of Presentation false false R7.htm 0202 - Disclosure - Revenue Recognition Sheet http://melasciences.com/role/RevenueRecognition Revenue Recognition false false R8.htm 0203 - Disclosure - Inventories Sheet http://melasciences.com/role/Inventories Inventories false false R9.htm 0204 - Disclosure - Use of Estimates Sheet http://melasciences.com/role/UseOfEstimates Use of Estimates false false R10.htm 0205 - Disclosure - Recent Accounting Pronouncements Sheet http://melasciences.com/role/RecentAccountingPronouncements Recent Accounting Pronouncements false false R11.htm 0206 - Disclosure - Net Loss Per Common Share Sheet http://melasciences.com/role/NetLossPerCommonShare Net Loss Per Common Share false false R12.htm 0207 - Disclosure - Stock-Based Compensation Sheet http://melasciences.com/role/StockBasedCompensation Stock-Based Compensation false false R13.htm 0208 - Disclosure - Commitments, Contingencies and Litigation Sheet http://melasciences.com/role/CommitmentsContingenciesAndLitigation Commitments, Contingencies and Litigation false false R14.htm 0209 - Disclosure - Stockholders' Equity Sheet http://melasciences.com/role/StockholdersEquity Stockholders' Equity false false R15.htm 0210 - Disclosure - Warrants Sheet http://melasciences.com/role/Warrants Warrants false false R16.htm 0211 - Disclosure - Related Party Consulting Agreements Sheet http://melasciences.com/role/RelatedPartyConsultingAgreements Related Party Consulting Agreements false false R17.htm 0212 - Disclosure - Other Income Sheet http://melasciences.com/role/OtherIncome Other Income false false R18.htm 0213 - Disclosure - Subsequent Events Sheet http://melasciences.com/role/SubsequentEvents Subsequent Events false false R19.htm 0403 - Disclosure - Inventories (Policies) Sheet http://melasciences.com/role/InventoriesPolicies Inventories (Policies) false false R20.htm 0405 - Disclosure - Recent Accounting Pronouncements (Policies) Sheet http://melasciences.com/role/RecentAccountingPronouncementsPolicies Recent Accounting Pronouncements (Policies) false false R21.htm 0506 - Disclosure - Net Loss Per Common Share (Tables) Sheet http://melasciences.com/role/NetLossPerCommonShareTables Net Loss Per Common Share (Tables) false false R22.htm 0507 - Disclosure - Stock-Based Compensation (Tables) Sheet http://melasciences.com/role/StockBasedCompensationTables Stock-Based Compensation (Tables) false false R23.htm 0508 - Disclosure - Commitments, Contingencies and Litigation (Tables) Sheet http://melasciences.com/role/CommitmentsContingenciesAndLitigationTables Commitments, Contingencies and Litigation (Tables) false false R24.htm 0510 - Disclosure - Warrants (Tables) Sheet http://melasciences.com/role/WarrantsTables Warrants (Tables) false false R25.htm 0601 - Disclosure - Organization and Basis of Presentation (Details) Sheet http://melasciences.com/role/OrganizationAndBasisOfPresentationDetails Organization and Basis of Presentation (Details) false false R26.htm 0602 - Disclosure - Revenue Recognition (Details) Sheet http://melasciences.com/role/RevenueRecognitionDetails Revenue Recognition (Details) false false R27.htm 0606 - Disclosure - Net Loss Per Common Share (Details) Sheet http://melasciences.com/role/NetLossPerCommonShareDetails Net Loss Per Common Share (Details) false false R28.htm 0607 - Disclosure - Stock Based Compensation (Details) Sheet http://melasciences.com/role/StockBasedCompensationDetails Stock Based Compensation (Details) false false R29.htm 06071 - Disclosure - Stock Based Compensation (Details 1) Sheet http://melasciences.com/role/StockBasedCompensationDetails1 Stock Based Compensation (Details 1) false false R30.htm 06072 - Disclosure - Stock Based Compensation (Details 2) Sheet http://melasciences.com/role/StockBasedCompensationDetails2 Stock Based Compensation (Details 2) false false R31.htm 06073 - Disclosure - Stock Based Compensation (Details Textual) Sheet http://melasciences.com/role/StockBasedCompensationDetailsTextual Stock Based Compensation (Details Textual) false false R32.htm 0608 - Disclosure - Commitments, Contingencies and Litigation (Details) Sheet http://melasciences.com/role/CommitmentsContingenciesAndLitigationDetails Commitments, Contingencies and Litigation (Details) false false R33.htm 06081 - Disclosure - Commitments, Contingencies and Litigation (Details Textual) Sheet http://melasciences.com/role/CommitmentsContingenciesAndLitigationDetailsTextual Commitments, Contingencies and Litigation (Details Textual) false false R34.htm 0609 - Disclosure - Stockholders' Equity (Details) Sheet http://melasciences.com/role/StockholdersEquityDetails Stockholders' Equity (Details) false false R35.htm 0610 - Disclosure - Warrants (Details) Sheet http://melasciences.com/role/WarrantsDetails Warrants (Details) false false R36.htm 06101 - Disclosure - Warrants (Details Textual) Sheet http://melasciences.com/role/WarrantsDetailsTextual Warrants (Details Textual) false false R37.htm 0611 - Disclosure - Related Party Consulting Agreements (Details) Sheet http://melasciences.com/role/RelatedPartyConsultingAgreementsDetails Related Party Consulting Agreements (Details) false false R38.htm 0612 - Disclosure - Other Income (Details) Sheet http://melasciences.com/role/OtherIncomeDetails Other Income (Details) false false R39.htm 0613 - Disclosure - Subsequent Events (Details) Sheet http://melasciences.com/role/SubsequentEventsDetails Subsequent Events (Details) false false All Reports Book All Reports Element us-gaap_ProceedsFromIssuanceOfCommonStock had a mix of decimals attribute values: -5 -3. 'Monetary' elements on report '0601 - Disclosure - Organization and Basis of Presentation (Details)' had a mix of different decimal attribute values. 'Monetary' elements on report '0609 - Disclosure - Stockholders' Equity (Details)' had a mix of different decimal attribute values. 'Monetary' elements on report '0613 - Disclosure - Subsequent Events (Details)' had a mix of different decimal attribute values. Process Flow-Through: 0110 - Statement - Condensed Balance Sheets Process Flow-Through: Removing column 'Jun. 30, 2011' Process Flow-Through: Removing column 'Dec. 31, 2010' Process Flow-Through: 0111 - Statement - Condensed Balance Sheets (Parenthetical) Process Flow-Through: Removing column 'Jul. 31, 2012' Process Flow-Through: 0120 - Statement - Condensed Statements of Operations (Unaudited) Process Flow-Through: 0130 - Statement - Condensed Statements of Cash Flows (Unaudited) mela-20120630.xml mela-20120630.xsd mela-20120630_cal.xml mela-20120630_def.xml mela-20120630_lab.xml mela-20120630_pre.xml true true XML 53 R38.htm IDEA: XBRL DOCUMENT v2.4.0.6
Other Income (Details) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Other Income [Abstract]        
Royalty Earned From KaVo Dental GmbH to develop and commercialize DIFOTI $ 5 $ 5 $ 10 $ 10
XML 54 R20.htm IDEA: XBRL DOCUMENT v2.4.0.6
Recent Accounting Pronouncements (Policies)
6 Months Ended
Jun. 30, 2012
Recent Accounting Pronouncements [Abstract]  
RECENT ACCOUNTING PRONOUNCEMENTS

In June, 2011, the FASB issued Accounting Standard Update No 2011-05 “Presentation of Comprehensive Income” (ASU 2011-05). Under ASU 2011-05, an entity has the option to present the total of comprehensive income either in a single continuous statement of comprehensive income or in two separate but continuous statements of income and comprehensive income. The option of presentation of the components of other comprehensive income as part of the statement of change in the stockholders’ equity has been eliminated. This update was applied retrospectively and was effective for the Company for the fiscal year beginning January 1, 2012. For the periods ended June 30, 2011 and June 30, 2012, comprehensive loss was equal to net loss as the Company had no other comprehensive income or loss to report in either period.