FAIR VALUE (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value, Assets Measured on Recurring Basis

The primary objective of the Company's investment activities is to preserve principal while maximizing yields without significantly increasing risk. The investment instruments held by the Company are money market funds and interest bearing deposits for which quoted market prices are readily available. The Company considers these highly liquid investments to be cash equivalents. These investments are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. The Company does not have any material financial liabilities that were required to be measured at fair value on a recurring basis at June 30, 2012. The table below presents the recorded amount of financial assets measured at fair value (in thousands) on a recurring basis as of June 30, 2012.

	Level 1		Level 2		Level 3		Total
Assets
Money Market Funds - Fidelity, US	$	840	$	-	$	-	$	840
Interest bearing deposits - various banks, Korea		2,391		-		-		2,391
Total assets	$	3,231	$	-	$	-	$	3,231
Amounts included in:
Cash and cash equivalents	$	840	$	-	$	-	$	840
Long-term restricted cash		2,391		-		-		2,391
Total	$	3,231	$	-	$	-	$	3,231

- Definition

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

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