10-Q

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

Table of Contents

0001193125-15-283210.txt : 20150807 0001193125-15-283210.hdr.sgml : 20150807 20150807170048 ACCESSION NUMBER: 0001193125-15-283210 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 11 CONFORMED PERIOD OF REPORT: 20150630 FILED AS OF DATE: 20150807 DATE AS OF CHANGE: 20150807 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Stereotaxis, Inc. CENTRAL INDEX KEY: 0001289340 STANDARD INDUSTRIAL CLASSIFICATION: ELECTROMEDICAL & ELECTROTHERAPEUTIC APPARATUS [3845] IRS NUMBER: 943120386 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-36159 FILM NUMBER: 151038278 BUSINESS ADDRESS: STREET 1: 4320 FOREST PARK AVENUE STREET 2: SUITE 100 CITY: ST.LOUIS STATE: MO ZIP: 63108 BUSINESS PHONE: 314-678-6100 MAIL ADDRESS: STREET 1: 4320 FOREST PARK AVENUE STREET 2: SUITE 100 CITY: ST.LOUIS STATE: MO ZIP: 63108 10-Q 1 d941995d10q.htm 10-Q 10-Q

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, 2015

¨	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: 001-36159

STEREOTAXIS, INC.

(Exact name of registrant as specified in its charter)


Delaware		94-3120386
(State of Incorporation)		(I.R.S. employer identification no.)

4320 Forest Park Avenue Suite 100 St. Louis, Missouri		63108
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (314) 678-6100

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 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. x Yes ¨ No

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 Registration S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). x Yes ¨ No

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 the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

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

The number of outstanding shares of the registrant’s common stock on July 15, 2015 was 21,067,198.

STEREOTAXIS, INC.

INDEX TO FORM 10-Q


		Page
Part I Financial Information
Item 1.	Financial Statements (unaudited)
	Balance Sheets		3
	Statements of Operations		4
	Statements of Cash Flows		5
	Notes to Financial Statements		6-16
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations		17-22
Item 3.	Quantitative and Qualitative Disclosures About Market Risk		22-23
Item 4.	Controls and Procedures		23
Part II Other Information
Item 1.	Legal Proceedings		24
Item 1A.	Risk Factors		24
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds		24
Item 3.	Defaults upon Senior Securities		24
Item 4.	[Reserved]		24
Item 5.	Other Information		24
Item 6.	Exhibits		24
Signatures			25
Exhibit Index			26

STEREOTAXIS, INC.

BALANCE SHEETS


	June 30, 2015			December 31, 2014
	(Unaudited)
Assets
Current assets:
Cash and cash equivalents	$	3,629,273		$	7,270,301
Accounts receivable, net of allowance of $119,620 and $131,464 in 2015 and 2014, respectively		7,449,913			6,480,499
Inventories		5,498,917			6,371,903
Prepaid expenses and other current assets		739,292			1,094,837

Total current assets		17,317,395			21,217,540
Property and equipment, net		1,077,011			894,728
Intangible assets, net		1,229,736			1,379,653
Other assets		321,309			388,850

Total assets	$	19,945,451		$	23,880,771

Liabilities and stockholders’ deficit
Current liabilities:
Accounts payable	$	2,293,119		$	2,353,133
Accrued liabilities		6,002,767			5,505,142
Deferred revenue		6,342,452			6,658,170
Warrants		2,027,395			2,134,187

Total current liabilities		16,665,733			16,650,632
Long-term debt, less current maturities		18,308,436			18,388,764
Long-term deferred revenue		856,854			976,165
Other liabilities		5,570			414,928
Stockholders’ deficit:
Preferred stock, par value $0.001; 10,000,000 shares authorized, none outstanding at 2015 and 2014		—			—
Common stock, par value $0.001; 300,000,000 shares authorized, 21,066,848 and 20,480,874 shares issued at 2015 and 2014, respectively		21,067			20,481
Additional paid in capital		447,573,961			446,241,703
Treasury stock, 4,015 shares at 2015 and 2014		(205,999	)		(205,999	)
Accumulated deficit		(463,280,171	)		(458,605,903	)

Total stockholders’ deficit		(15,891,142	)		(12,549,718	)

Total liabilities and stockholders’ deficit	$	19,945,451		$	23,880,771

See accompanying notes.

STEREOTAXIS, INC.

STATEMENTS OF OPERATIONS

(Unaudited)


	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Revenue:
Systems	$	3,092,935		$	1,153,282		$	5,924,113		$	2,488,136
Disposables, service and accessories		6,571,315			6,894,255			13,271,163			13,914,071

Total revenue		9,664,250			8,047,537			19,195,276			16,402,207
Cost of revenue:
Systems		1,849,275			1,080,785			3,249,542			1,640,212
Disposables, service and accessories		1,093,988			903,977			2,324,359			1,963,634

Total cost of revenue		2,943,263			1,984,762			5,573,901			3,603,846
Gross margin		6,720,987			6,062,775			13,621,375			12,798,361
Operating expenses:
Research and development		1,419,826			1,312,743			2,905,533			2,816,189
Sales and marketing		4,250,779			4,096,155			8,285,150			7,727,420
General and administrative		2,772,708			2,943,510			5,567,297			6,773,377

Total operating expenses		8,443,313			8,352,408			16,757,980			17,316,986

Operating loss		(1,722,326	)		(2,289,633	)		(3,136,605	)		(4,518,625	)
Other income		999,169			1,181,126			106,792			104,987
Interest income		493			1,695			1,355			3,929
Interest expense		(816,023	)		(834,667	)		(1,645,810	)		(1,671,617	)

Net loss	$	(1,538,687	)	$	(1,941,479	)	$	(4,674,268	)	$	(6,081,326	)

Net loss per common share:
Basic	$	(0.07	)	$	(0.10	)	$	(0.22	)	$	(0.31	)
Diluted	$	(0.07	)	$	(0.10	)	$	(0.22	)	$	(0.31	)

Weighted average shares used in computing net loss per common share:
Basic		21,007,103			19,631,469			20,871,244			19,483,603
Diluted		21,007,103			19,631,469			20,871,244			19,483,603

See accompanying notes.

STEREOTAXIS, INC.

STATEMENTS OF CASH FLOWS

(Unaudited)


	Six Months Ended June 30,
	2015			2014
Cash flows from operating activities
Net loss	$	(4,674,268	)	$	(6,081,326	)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation		134,025			237,497
Amortization of intangibles		149,917			149,917
Amortization of deferred finance costs		111,018			126,535
Share-based compensation		637,246			739,807
Adjustment of warrants		(106,792	)		(104,987	)
Changes in operating assets and liabilities:
Accounts receivable		(969,414	)		1,122,271
Inventories		609,088			(1,177,346	)
Prepaid expenses and other current assets		244,527			194,767
Other assets		67,541			130
Accounts payable		(60,014	)		(356,938	)
Accrued liabilities		497,625			(787,374	)
Deferred revenue		(435,029	)		482,790
Other liabilities		(409,358	)		—

Net cash used in operating activities		(4,203,888	)		(5,454,257	)
Cash flows from investing activities
Purchase of equipment		(52,410	)		(41,140	)

Net cash used in investing activities		(52,410	)		(41,140	)
Cash flows from financing activities
Payments of Healthcare Royalty Partners debt		(80,328	)		(24,290	)
Proceeds from issuance of stock, net of issuance costs		695,598			2,342,275

Net cash provided by financing activities		615,270			2,317,985

Net decrease in cash and cash equivalents		(3,641,028	)		(3,177,412	)

Cash and cash equivalents at beginning of period		7,270,301			13,775,130

Cash and cash equivalents at end of period	$	3,629,273		$	10,597,718

See accompanying notes.

STEREOTAXIS, INC.

NOTES TO FINANCIAL STATEMENTS

(Unaudited)

Notes to Financial Statements

In this report, “Stereotaxis”, the “Company”, “Registrant”, “we”, “us”, and “our” refer to Stereotaxis, Inc. and its wholly owned subsidiaries. Epoch^®, Niobe^®, Odyssey^®, Odyssey Cinema™, Vdrive^®, Vdrive Duo™, V-CAS™, V-CAS Deflect™, V-Loop™, V-Sono™, QuikCAS™, Cardiodrive^®, PowerAssert™, Titan^®, and Pegasus™ are trademarks of Stereotaxis, Inc. All other trademarks that appear in this report are the property of their respective owners.

1. Description of Business

Stereotaxis designs, manufactures, and markets the Epoch^® Solution, an advanced remote robotic navigation system for use in a hospital’s interventional surgical suite or “interventional lab”, that we believe revolutionizes the treatment of arrhythmias and coronary artery disease by enabling enhanced safety, efficiency, and efficacy for catheter-based or interventional procedures. The Epoch Solution is comprised of the Niobe^® ES Magnetic Navigation System (“Niobe ES system”), Odyssey^® Information Management Solution (“Odyssey Solution”), and the Vdrive^® Robotic Navigation System (“Vdrive system”) and related devices.

The Niobe ES system is designed to enable physicians to complete more complex interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites. This is achieved using externally applied magnetic fields that govern the motion of the working tip of the catheter or guidewire, resulting in improved navigation, efficient procedures, and reduced X-ray exposure.

In addition to the Niobe ES system and its components, Stereotaxis has also developed the Odyssey Solution, which consolidates all lab information, enabling doctors to focus on the patient for optimal procedure efficiency. The platform also features a remote viewing and recording capability called the Odyssey Cinema™ system, an innovative system delivering synchronized content for optimized workflow, advanced care, and improved productivity. This tool includes an archiving capability that allows clinicians to store and replay entire procedures or segments of procedures. This information can be accessed from locations throughout the hospital’s local area network and over the global Odyssey Network, providing physicians with a tool for clinical collaboration, remote consultation, and training.

Our Vdrive system provides navigation and stability for diagnostic and therapeutic devices designed to improve interventional procedures. The Vdrive system complements the Niobe ES system’s control of therapeutic catheters for fully remote procedures and enables single-operator workflow. It is sold as two options, the Vdrive system and the Vdrive Duo™ system. In addition to the Vdrive system and the Vdrive Duo system, we also manufacture and market various disposable components which can be manipulated by these systems.

We promote the full Epoch Solution in a typical hospital implementation, subject to regulatory approvals or clearances. The full Epoch Solution implementation requires a hospital to agree to an upfront capital payment and recurring payments. The upfront capital payment typically includes equipment and installation charges. The recurring payments typically include disposable costs for each procedure, equipment service costs beyond the warranty period, and software licenses. In hospitals where the full Epoch Solution has not been implemented, equipment upgrade or expansion may be implemented upon purchase of the necessary components. As of June 30, 2015, the Company has an installed base of 123 Niobe ES systems.

The core components of Stereotaxis’ systems have received regulatory clearance in the United States, European Union, Canada, China, Japan and various other countries. We have received the CE Mark that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop and V-Sono devices in Europe. In addition, we have received licensing to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop, and V-Sono devices in Canada. We have received regulatory clearance that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-Loop, and V-Sono devices in the United States. We have received Food and Drug Administration (“FDA”) clearance and the CE Mark necessary for us to market our suite of Pegasus™ coronary peripheral guidewires in the United States and Europe.

Since our inception, we have generated significant losses. As of June 30, 2015, we incurred cumulative net losses of approximately $463.3 million. In 2015, the Company plans to continue developing the Niobe ES system with the goal of furthering clinical adoption. Although we achieved an operating profit in the fourth quarter 2014, we expect to have negative cash flow from operations into 2015 as we continue the development and commercialization of our products, conduct our research and development activities, advance new products into clinical development from our existing research programs, and fund additional sales and marketing initiatives. During 2015, we expect operating expenses to be generally consistent with 2014 with additional investment in certain targeted areas.

We may be required to raise capital or pursue other financing strategies to continue our operations. Until we can generate significant cash flow from our operations, we expect to continue to fund our operations with cash resources primarily generated from the proceeds of our past and future public offerings, private sales of our equity securities, and loans collateralized by working capital and equipment. We continue to explore financing alternatives, which may include the sale of equity securities or non-core assets, strategic collaboration agreements, debt financings, or distribution rights. We cannot accurately predict the timing and amount of our utilization of capital, which will depend on a number of factors outside of our control.

Our existing cash, cash equivalents, and borrowing facilities may not be sufficient to fund our operating expenses and capital equipment requirements through the next 12 months, which would require us to obtain additional financing. We cannot assure that additional financing will be available on acceptable terms or that such financing will not be dilutive to our stockholders. If adequate funds are not available to us, we could be required to delay development or commercialization of new products, to license to third parties the rights to commercialize products or technologies that we would otherwise seek to commercialize ourselves, or to reduce the sales, marketing, customer support or other resources devoted to our products, any of which could have a material adverse effect on our business, financial condition, and operational results. In addition, we could be required to cease operations.

2. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited financial statements of Stereotaxis, Inc. have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all the disclosures required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, they include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. Operating results for the six month period ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ended December 31, 2015 or for future operating periods.

These interim financial statements and the related notes should be read in conjunction with the annual financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission (SEC) on March 16, 2015.

Financial Instruments

Financial instruments consist of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and debt. The carrying value of such amounts reported at the applicable balance sheet dates approximates fair value. See Note 9 for disclosure of the fair value of debt.

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including warrants and debt conversion features. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). See Note 11 for additional details.

Revenue and Costs of Revenue

The Company accounts for revenue using Accounting Standards Codification Topic 605-25, Multiple-Element Arrangements (“ASC 605-25”).

ASC 605-25 permits management to estimate the selling price of undelivered components of a bundled sale for which it is unable to establish vendor-specific objective evidence (“VSOE”) or third-party evidence (“TPE”). This requires management to record revenue for certain elements of a transaction even though it might not have delivered other elements of the transaction, for which it was unable to meet the requirements for establishing VSOE or TPE. The Company believes that the guidance significantly improves the reporting of these types of transactions to more closely reflect the underlying economic circumstances. This guidance also prohibits the use of the residual method for allocating revenue to the various elements of a transaction and requires that the revenue be allocated proportionally based on the relative estimated selling prices.

Amounts collected prior to satisfying the above revenue recognition criteria are reflected as deferred revenue. Revenue from services and license fees, whether sold individually or as a separate unit of accounting in a multiple-deliverable arrangement, is deferred and amortized over the service or license fee period, which is typically one year. Revenue from services is derived primarily from the sale of annual product maintenance plans. We recognize revenue from disposable device sales or accessories upon shipment and establish an appropriate reserve for returns. The return reserve, which is applicable only to disposable devices, is estimated based on historical experience which is periodically reviewed and updated as necessary. In the past, changes in estimate have had only a de minimis effect on revenue recognized in the period. We believe that the estimate is not likely to change significantly in the future.

Costs of systems revenue include direct product costs, installation labor and other costs, estimated warranty costs, and initial training and product maintenance costs. These costs are recorded at the time of sale. Costs of disposable revenue include direct product costs and estimated warranty costs and are recorded at the time of sale. Cost of revenue from services and license fees are recorded when incurred.

Share-Based Compensation

The Company accounts for its grants of stock options, stock appreciation rights, restricted shares, and restricted stock units and for its employee stock purchase plan in accordance with the provisions of general accounting principles for share-based payments. These accounting principles require the determination of the fair value of the share-based compensation at the grant date and the recognition of the related expense over the period in which the share-based compensation vests.

The Company utilizes the Black-Scholes valuation model to determine the fair value of stock options and stock appreciation rights at the date of grant. The resulting compensation expense is recognized over the requisite service period, which is generally four years. Compensation expense is recognized only for those awards expected to vest, with forfeitures estimated based on the Company’s historical experience and future expectations. Restricted shares granted to employees are valued at the fair market value at the date of grant. The Company amortizes the fair market value to expense over the service period. If the shares are subject to performance objectives, the resulting compensation expense is amortized over the anticipated vesting period and is subject to adjustment based on the actual achievement of objectives.

Net Earnings (Loss) per Common Share (“EPS”)

Basic and diluted net earnings (loss) per common share are computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period.

The following table sets forth the computation of basic and diluted EPS:


	Three months ended June 30,						Six months ended June 30,
	2015			2014			2015			2014
Numerator:
Numerator for basic EPS	$	(1,538,687	)	$	(1,941,479	)	$	(4,674,268	)	$	(6,081,326	)

Numerator for diluted EPS	$	(1,538,687	)	$	(1,941,479	)	$	(4,674,268	)	$	(6,081,326	)

Denominator:
Denominator for basic EPS—weighted average shares		21,007,103			19,631,469			20,871,244			19,483,603

Denominator for diluted EPS		21,007,103			19,631,469			20,871,244			19,483,603

Basic EPS	$	(0.07	)	$	(0.10	)	$	(0.22	)	$	(0.31	)
Diluted EPS	$	(0.07	)	$	(0.10	)	$	(0.22	)	$	(0.31	)

In addition, the Company did not include any portion of unearned restricted shares, outstanding options, stock appreciation rights or warrants in the calculation of diluted loss per common share because all such securities are anti-dilutive for the six months ended June 30, 2015 and the six months ended June 30, 2014. The application of the two-class method of computing earnings per share under general accounting principles for participating securities is not applicable during these periods because the Company’s unearned restricted shares do not contractually participate in its losses.

As of June 30, 2015, the Company had 749,166 shares of common stock issuable upon the exercise of outstanding options and stock appreciation rights at a weighted average exercise price of $9.96 per share, 2,131,476 shares of common stock issuable upon the exercise of outstanding warrants at a weighted average exercise price of $4.99 per share, and 805,754 shares of unvested restricted share units. The Company had no unearned restricted shares outstanding for the six months ended June 30, 2015.

Recently Issued Accounting Pronouncements

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU” or “Update”) No. 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. To simplify the presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from that debt liability, consistent with the presentation of a debt discount. The Standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method.

In August 2014, the FASB issued ASU No. 2014-15, to communicate amendments to FASB Account Standards Codification Subtopic 205-40, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The ASU requires management to evaluate relevant conditions, events and certain management plans that are known or reasonably knowable as of the evaluation date when determining whether substantial doubt about an entity’s ability to continue as a going concern exists. Management will be required to make this evaluation for both annual and interim reporting periods. Management will have to make certain disclosures if it concludes that substantial doubt exists and when it plans to alleviate substantial doubt about the entity’s ability to continue as a going concern. The standard is effective for annual periods ending after December 15, 2016 and for interim reporting periods starting in the first quarter of 2017. Early adoption is permitted. We are currently evaluating the impact of adopting this accounting standard update on our financial statement disclosures and have not concluded on an adoption method.

In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers” which converges the FASB’s and the International Accounting Standards Board’s current standards on revenue recognition. The standard provides companies with a single model to use in accounting for revenue arising from contracts with customers and supersedes current revenue guidance. The standard is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. The standard permits companies to either apply the adoption to all periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. In April 2015, the FASB issued an exposure draft related to the deferral of the effective date, which would delay our effective date one year. Therefore, the standard would be effective for annual and interim periods beginning after December 15, 2017. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method.

3. Inventories

Inventories consist of the following:


	June 30, 2015			December 31, 2014
Raw materials	$	2,387,027		$	2,746,926
Work in process		249,022			374,236
Finished goods		2,896,623			3,310,375
Reserve for obsolescence		(33,755	)		(59,634	)

Total inventories	$	5,498,917		$	6,371,903

4. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:


	June 30, 2015			December 31, 2014
Prepaid expenses	$	362,592		$	679,740
Deferred financing costs		486,642			492,385
Deposits		143,597			311,562
Deferred cost of revenue		67,770			—

Total prepaid expenses and other assets		1,060,601			1,483,687
Less: Noncurrent prepaid expenses and other assets		(321,309	)		(388,850	)

Total prepaid expenses and other current assets	$	739,292		$	1,094,837

Certain prior year amounts have been reclassified to conform to the 2015 presentation.

5. Property and Equipment

Property and equipment consist of the following:


	June 30, 2015			December 31, 2014
Equipment	$	8,363,433		$	8,264,804
Equipment held for lease		303,412			303,412
Leasehold improvements		2,328,381			2,328,381

		10,995,226			10,896,597
Less: Accumulated depreciation		(9,918,215	)		(10,001,869	)

Net property and equipment	$	1,077,011		$	894,728

6. Intangible Assets

As of June 30, 2015, the Company had total intangible assets of $3,665,000. Accumulated amortization at June 30, 2015, was $2,435,264.

7. Accrued Liabilities

Accrued liabilities consist of the following:


	June 30, 2015			December 31, 2014
Accrued salaries, bonus, and benefits	$	2,492,485		$	2,557,557
Accrued rent		1,393,916			1,407,740
Accrued licenses and maintenance fees		661,102			661,766
Accrued interest		491,461			493,616
Accrued warranties		330,886			364,548
Accrued taxes		429,592			332,364
Other		208,895			102,479

Total accrued liabilities		6,008,337			5,920,070
Less: Long term accrued liabilities		(5,570	)		(414,928	)

Total current accrued liabilities	$	6,002,767		$	5,505,142

Certain prior year amounts have been reclassified to conform to the 2015 presentation.

Our primary company facilities are located in St. Louis, Missouri where we currently lease approximately 52,000 square feet of office and 12,000 square feet of demonstration and assembly space. In the third quarter of 2013, the Company modified the existing lease agreement to terminate approximately 13,000 square feet of unimproved space. The costs associated with the termination were $515,138 and were accrued as a rent liability as of September 30, 2013. As of June 30, 2015, the remaining accrued costs associated with the termination were $319,736.

8. Deferred Revenue

Deferred revenue consists of the following:


	June 30,			December 31,
	2015			2014
Product shipped, revenue deferred	$	210,360		$	457,348
Customer deposits		41,779			1,065,371
Deferred service and license fees		6,947,167			6,111,616

		7,199,306			7,634,335
Less: Long-term deferred revenue		(856,854	)		(976,165	)

Total current deferred revenue	$	6,342,452		$	6,658,170

9. Long-Term Debt and Credit Facilities

Debt outstanding consists of the following:


	June 30, 2015				December 31, 2014
	Carrying		Estimated		Carrying		Estimated
	Amount		Fair Value		Amount		Fair Value
Healthcare Royalty Partners debt	$	18,308,436		18,308,436	$	18,388,764		18,388,764

Total debt		18,308,436		18,308,436		18,388,764		18,388,764
Less current maturities		—		—		—		—

Total long term debt	$	18,308,436	$	18,308,436	$	18,388,764	$	18,388,764

In accordance with general accounting principles for fair value measurement, the Company’s debt and credit facilities were measured at fair value as of June 30, 2015 and December 31, 2014. Long-term debt fair value estimates are based on estimated borrowing rates to discount the cash flows to their present value (Level 3).

Revolving Line of Credit

The Company has had a working capital line of credit with its primary lender, Silicon Valley Bank, since 2004. The revolving line of credit is secured by substantially all of the Company’s assets. The maximum available under the line is $10 million subject to the value of collateralized assets. The Company is required under the revolving line of credit to maintain its primary operating account and the majority of its cash and investment balances in accounts with its primary lender. The facility was last amended on March 27, 2015, extending the maturity date to March 31, 2018. The current agreement requires the Company to maintain a liquidity ratio greater than 1.50:1.00, excluding certain short term advances from the calculation, and a minimum tangible net worth of not less than (no worse than) negative $21.5 million for the quarters ended March 31, 2015, June 30, 2015, and September 30, 2015; not less than (no worse than) negative $22.5 million for the quarters ended December 31, 2015, March 31, 2016, June 30, 2016, and September 30, 2016; not less than (no worse than) negative $23.5 million for the quarters ended December 31, 2016, March 31, 2017, June 30, 2017, and September 30, 2017; and not less than (no worse than) negative $24.5 million for the quarters ended December 31, 2017 and March 31, 2018.

As of June 30, 2015, the Company had no outstanding debt under the revolving line of credit. Draws on the line of credit are made based on the borrowing capacity one week in arrears. As of June 30, 2015, the Company had a borrowing capacity of $6.0 million based on the Company’s collateralized assets.

Healthcare Royalty Partners Debt

In November 2011, the Company entered into a loan agreement with Healthcare Royalty Partners. Under the agreement the Company borrowed from Healthcare Royalty Partners $15 million. The Company was permitted to borrow up to an additional $5 million in the aggregate based on the achievement by the Company of certain milestones related to Niobe ES system sales in 2012. On August 8, 2012, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the three months ended June 30, 2012. On January 31, 2013, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the twelve months ended December 31, 2012. The loan will be repaid through, and secured by, royalties payable to the Company under its Development, Alliance and Supply Agreement with Biosense Webster, Inc. (the “Biosense Agreement”). The Biosense Agreement relates to the development and distribution of magnetically enabled catheters used with Stereotaxis’ Niobe ES system in cardiac ablation procedures. Under the terms of the agreement, Healthcare Royalty Partners will be entitled to receive 100% of all royalties due to the Company under the Biosense Agreement until the loan is repaid. The loan is a full recourse loan, matures on December 31, 2018, and bears interest at an annual rate of 16% payable quarterly with royalties received under the Biosense Agreement. If the payments received by the Company under the Biosense Agreement are insufficient to pay all amounts of interest due on the loan, then such deficiency will increase the outstanding principal amount on the loan. After the loan obligation is repaid, the royalties under the Biosense Agreement will again be paid to the Company. The loan is also secured by certain assets and intellectual property of the Company. The agreement also contains customary affirmative and negative covenants. The use of payments due to the Company under the Biosense Agreement was approved by our primary lender.

10. Stockholders’ Equity

The holders of common stock are entitled to one vote for each share held and to receive dividends whenever funds are legally available and when declared by the Board of Directors subject to the prior rights of holders of all classes of stock having priority rights as dividends and the conditions of the revolving line of credit agreement. Since the Company’s inception, no dividends have been declared or paid.

Controlled Equity Offering

The Company entered into a Controlled Equity Offering^SM sales agreement (the “Sales Agreement”) in May 2014, as amended on March 26, 2015, with Cantor Fitzgerald & Co. (“Cantor”), as agent and/or principal, pursuant to which the Company could issue and sell, from time to time, shares of its common stock having an aggregate gross sales price of up to $18.0 million. The Company will pay Cantor a commission of 3.0% of the gross proceeds from any common stock sold through the Sales Agreement.

During the three months ended June 30, 2015, the Company sold an aggregate of 71,754 shares of common stock under the Sales Agreement, at an average price of approximately $1.97 per share for gross proceeds of $141,497 and net proceeds of $137,253, after deducting Cantor’s commission. As of June 30, 2015, $14.1 million of common stock remained available to be sold under this facility, subject to certain conditions as specified in the Sales Agreement.

Stock Award Plans

The Company has various stock plans that permit the Company to provide incentives to employees and directors of the Company in the form of equity compensation. In August 2012, the Board of Directors adopted a stock incentive plan (the 2012 Stock Incentive Plan “Plan”) which was subsequently approved by the Company’s shareholders. This plan replaced the 2002 Stock Incentive Plan which expired on March 25, 2012.

On June 5, 2013 and on June 10, 2014, the shareholders approved amendments to the Plan, which were previously approved and adopted by the Compensation Committee of the Board of Directors of the Company. Each of these amendments increased the number of shares authorized for issuance under the Plan by one million shares. At June 30, 2015, the Company had 699,995 remaining shares of the Company’s common stock to provide for current and future grants under its various equity plans.

At June 30, 2015, the total compensation cost related to options, stock appreciation rights and non-vested stock granted to employees under the Company’s stock award plans but not yet recognized was approximately $2.3 million, net of estimated forfeitures of approximately $1.2 million. This cost will be amortized over a period of up to four years over the underlying estimated service periods and will be adjusted for subsequent changes in estimated forfeitures and anticipated vesting periods.

A summary of the option and stock appreciation rights activity for the six month period ended June 30, 2015 is as follows:


	Number of Options/SARs			Range of Exercise Price	Weighted Average Exercise Price per Share
Outstanding, December 31, 2014		487,146		$1.69 - $116.40	$	17.21
Granted		330,850		$1.88 - $2.15	$	2.11
Exercised		—		—		—
Forfeited		(68,830	)	$1.69 - $91.90	$	23.58

Outstanding, June 30, 2015		749,166		$1.74 - $116.40	$	9.96

As of June 30, 2015, there were no restricted shares outstanding.

A summary of the restricted stock unit activity for the six month period ended June 30, 2015 is as follows:


	Number of Restricted Shares Units			Weighted Average Grant Date Fair Value per Unit
Outstanding, December 31, 2014		697,751		$	3.14
Granted		370,700		$	2.07
Vested		(197,800	)	$	3.36
Forfeited		(64,897	)	$	2.82

Outstanding, June 30, 2015		805,754		$	2.62

11. Fair Value Measurements

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including cash equivalents and warrants. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). The three levels of the fair value hierarchy are described below:

Level 1:

Values are based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2:

Values are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or other model-based valuation techniques for which all significant assumptions are observable in the market.

Level 3:

Values are generated from model-based techniques that use significant assumptions not observable in the market.

The following table sets forth the Company’s assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. As required by the Fair Value Measurements and Disclosures topic of the Accounting Standards Codification, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.


	Fair Value Measurement Using
	Total		Quoted Prices in Active Markets for Identical Instruments (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
Assets at June 30, 2015:
Cash equivalents	$	1,019,571		1,019,571		—		—

Total assets at fair value	$	1,019,571		1,019,571		—		—

Liabilities at June 30, 2015:
Warrants issued May 10, 2012		686,275		—		—		686,275
Warrants issued August 2013		1,341,120						1,341,120

Total liabilities at fair value:	$	2,027,395		—		—		2,027,395

Assets at December 31, 2014:
Cash equivalents	$	5,361,053		5,361,053		—		—

Total assets at fair value	$	5,361,053		5,361,053		—		—

Liabilities at December 31, 2014:
Warrants issued May 10, 2012	$	728,712		—		—		728,712
Warrants issued August 2013		1,405,475		—		—		1,405,475

Total liabilities at fair value:	$	2,134,187		—		—		2,134,187

Level 1

The Company’s financial assets consist of cash equivalents invested in money market funds in the amount of $1,019,571 and $5,361,053 at June 30, 2015 and December 31, 2014, respectively. These assets are classified as Level 1 as described above and total interest income recorded for these investments was insignificant during both the six month periods ended June 30, 2015, and June 30, 2014. There were no transfers in or out of Level 1 during the period ended June 30, 2015.

Level 2

The Company does not have any financial assets or liabilities classified as Level 2.

Level 3

In conjunction with the Company’s May 2012 and August 2013 financing transactions, the Company issued warrants to purchase shares of the Company’s common stock. Due to the provisions included in the warrant agreements, the warrants did not meet the exemptions for equity classification and as such, the Company accounts for these warrants as derivative instruments. The calculated fair value of the warrants is classified as a liability and is periodically re-measured with any changes in value recognized in “Other expense” in the Statements of Operations.

The remaining warrants from the May 2012 transaction expire in May 2018 and were revalued as of June 30, 2015 using the following assumptions: 1) volatility of 172.12%; 2) risk-free interest rate of 1.01%; and 3) a closing stock price of $1.44.

The remaining warrants from the August 2013 expire in November 2018 and were revalued as of June 30, 2015 using the following assumptions: 1) volatility of 165.18%; 2) risk-free interest rate of 1.01%; and 3) a closing stock price of $1.44.

The significant unobservable input used in the fair value measurement of the Company’s warrants is volatility. Significant increases (decreases) in the volatility in isolation would result in significantly higher (lower) liability fair value measurements.

The following table sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities for the six month period ended June 30, 2015:


	Warrants issued May 2012			Warrants issued August 2013			Total Liabilities
Balance at beginning of period	$	728,712		$	1,405,475		$	2,134,187
Settlements		—			—			—
Revaluation		(42,437	)		(64,355	)		(106,792	)

Balance at end of period	$	686,275		$	1,341,120		$	2,027,395

The Company currently does not have derivative instruments to manage its exposure to currency fluctuations or other business risks. The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. All derivative financial instruments are recognized in the balance sheet at fair value.

12. Product Warranty Provisions

The Company’s standard policy is to warrant all Niobe, Odyssey, and Vdrive systems against defects in material or workmanship for one year following installation. The Company’s estimate of costs to service the warranty obligations is based on historical experience and current product performance trends. A regular review of warranty obligations is performed to determine the adequacy of the reserve and adjustments are made to the estimated warranty liability as appropriate.

Accrued warranty, which is included in other accrued liabilities, consists of the following:


	June 30, 2015			December 31, 2014
Warranty accrual, beginning of the fiscal period	$	364,548		$	501,212
Accrual adjustment for product warranty		29,774			84,402
Payments made		(63,436	)		(221,066	)

Warranty accrual, end of the fiscal period	$	330,886		$	364,548

13. Commitments and Contingencies

The Company at times becomes a party to claims in the ordinary course of business. Management believes that the ultimate resolution of pending or threatened proceedings will not have a material effect on the financial position, results of operations or liquidity of the Company.

14. Subsequent Events

On August 5, 2015, the Nasdaq Stock Market LLC (“NASDAQ”) notified us that the Company no longer complies with NASDAQ Listing Rule 5550(b)(2), the Market Value of Listed Securities (“MVLS”) Rule, because the Company did not maintain a minimum MVLS of $35 million for the 30 consecutive business days prior to the date of the letter. In accordance with Rule
5810(c)(3)(C), the Company will be provided 180 calendar days, or until February 1, 2016, to regain compliance with the MVLS Rule. The Company may regain compliance with the MVLS Rule if the Company’s MVLS closes at $35 million or more for a minimum of 10 consecutive business days at any time before February 1, 2016.

The NASDAQ letter further states that if the Company does not regain compliance with the MVLS Rule by February 1, 2016, the NASDAQ will notify the Company that its common stock will be subject to delisting. At that time, the Company may appeal NASDAQ’s determination to delist the common stock.

ITEM 2.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following discussion and analysis should be read in conjunction with our financial statements and notes thereto included in this report on Form 10-Q and in our Annual Report on Form 10-K for the year ended December 31, 2014. Operating results are not necessarily indicative of results that may occur in future periods.

This report includes various forward-looking statements that are subject to risks and uncertainties, many of which are beyond our control. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors, including those set forth in “Item 1A. Risk Factors”. Forward-looking statements discuss matters that are not historical facts. Forward-looking statements include, but are not limited to, discussions regarding our operating strategy, sales and marketing strategy, regulatory strategy, industry, economic conditions, financial condition, liquidity, capital resources, and results of operations. Such statements include, but are not limited to, statements preceded by, followed by, or that otherwise include the words “believe”, “expects”, “anticipates”, “intends”, “estimates”, “projects”, “can”, “could”, “may”, “would”, or similar expressions. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. You should not unduly rely on these forward-looking statements, which speak only as of the date on which they are made. They give our expectations regarding the future, but are not guarantees. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by law.

Overview

Stereotaxis designs, manufactures, and markets the Epoch^® Solution, an advanced cardiology instrument-control system for use in a hospital’s interventional surgical suite, to enhance the treatment of arrhythmias and coronary artery disease. The Epoch Solution is comprised of the Niobe^® ES system, Odyssey^® solution, and the Vdrive^® system. We believe that the Epoch Solution represents a revolutionary technology in the interventional surgical suite, or “interventional lab” and has the potential to become the standard of care for a broad range of complex cardiology procedures. We also believe that our technology represents an important advance in the ongoing trend toward digital instrumentation in the interventional lab and provides substantial, clinically-important improvements and cost efficiencies over manual interventional methods, which require years of physician training and often result in long and unpredictable procedure times and sub-optimal therapeutic outcomes.

The Niobe ES system is the latest generation of the Niobe ES Magnetic Navigation System (“Niobe ES system”). This system is designed to enable physicians to complete more complex interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites. This is achieved using externally applied magnetic fields that govern the motion of the working tip of the catheter or guidewire, resulting in improved navigation, efficient procedures, and reduced X-ray exposure.

Stereotaxis also has developed the Odyssey Solution, which consolidates all lab information enabling doctors to focus on the patient for optimal procedure efficiency. The system also features a remote viewing and recording capability called Odyssey Cinema, an innovative solution delivering synchronized content for optimized workflow, advanced care, and improved productivity. This tool includes an archiving capability that allows clinicians to store and replay entire procedures or segments of procedures. This information can be accessed from locations throughout the hospital’s local area network and over the global Odyssey Network, providing physicians with a tool for clinical collaboration, remote consultation, and training. The Odyssey Solution may be acquired, in conjunction with a Niobe ES system or on a stand-alone basis, for installation in interventional labs and other locations where clinicians often desire the benefits of the Odyssey Solution that we believe can improve clinical workflows and related efficiencies.

Our Vdrive system provides navigation and stability for diagnostic and therapeutic devices designed to improve interventional procedures. The Vdrive system complements the Niobe ES system’s control of therapeutic catheters for fully remote procedures and enables single-operator workflow. It is sold as two options, the Vdrive system and the Vdrive Duo system. In addition to the Vdrive system and the Vdrive Duo system, we also manufacture and market various disposable components (V-Loop, V-Sono, V-CAS, and V-CAS Deflect) which can be manipulated by these systems.

We generate revenue from both the initial capital sale of the Niobe, Odyssey, and Vdrive systems as well as recurring revenue from the sale of our proprietary disposable devices, from ongoing license and service contracts, and from royalties paid to the Company by Biosense Webster for the sale of co-developed catheters. We market our products to a broad base of hospitals in the United States and internationally. As of June 30, 2015, the Company has an installed base of 123 Niobe ES systems.

The core components of Stereotaxis’ systems have received regulatory clearance in the United States, European Union, Canada, China, Japan, and elsewhere. We have received the CE Mark that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop, and V-Sono devices in Europe. In addition, we have received licensing to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop, and V-Sono devices in Canada. We have received regulatory clearance that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-Loop, and V-Sono devices in the United States. We have received Food and Drug Administration (“FDA”) clearance and the CE Mark necessary for us to market our suite of Pegasus™ coronary peripheral guidewires in the United States and Europe.

Critical Accounting Policies and Estimates

Our discussion and analysis of our financial condition and results of operations are based on our financial statements, which have been prepared in accordance with U.S. generally accepted accounting principles. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses and related disclosures. We review our estimates and judgments on an on-going basis. We base our estimates and judgments on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from these estimates. We believe the following accounting policies are critical to the judgments and estimates we use in preparing our financial statements. For a complete listing of our critical accounting policies, please refer to our Annual Report on Form 10-K for the year ended December 31, 2014.

Revenue Recognition

The Company accounts for revenue using Accounting Standards Codification Topic 605-25, Multiple-Element Arrangements (“ASC 605-25”).

Under our revenue recognition policy, a portion of revenue for Niobe systems, Vdrive systems and certain Odyssey systems is recognized upon delivery, provided that title has passed, there are no uncertainties regarding acceptance, persuasive evidence of an arrangement exists, the sales price is fixed and determinable, and collection of the related receivable is reasonably assured. Revenue is recognized for other types of Odyssey systems upon completion of installation, since there are no qualified third party installers. When installation is the responsibility of the customer, revenue from system sales is recognized upon shipment since these arrangements do not include an installation element or right of return privileges. The Company does not recognize revenue in situations in which inventory remains at a Stereotaxis warehouse or in situations in which title and risk of loss have not transferred to the customer. Amounts collected prior to satisfying the above revenue recognition criteria are reflected as deferred revenue. Revenue from services and license fees, whether sold individually or as a separate unit of accounting in a multiple-deliverable arrangement, is deferred and amortized over the service or license fee period, which is typically one year. Revenue from services is derived primarily from the sale of annual product maintenance plans. We recognize revenue from disposable device sales or accessories upon shipment and establish an appropriate reserve for returns. The return reserve, which is applicable only to disposable devices, is estimated based on historical experience which is periodically reviewed and updated as necessary. In the past, changes in estimate have had only a de minimis effect on revenue recognized in the period. We believe that the estimate is not likely to change significantly in the future.

Results of Operations

Comparison of the Three Months Ended June 30, 2015 and 2014

Revenue. Revenue increased from $8.0 million for the three months ended June 30, 2014 to $9.7 million for the three months ended June 30, 2015, an increase of 20%. Revenue from the sale of systems increased from $1.2 million to $3.1 million, an increase of approximately 168%, primarily due to increased Niobe and Odyssey system sales volumes. We recognized revenue on two Niobe systems and a total of $1.0 million for Odyssey and Odyssey Cinema systems and $0.2 million for Vdrive systems during the 2015 period. System revenue for the prior year period included one Niobe system which was a Niobe I to Niobe ES system upgrade, and a total of $0.7 million for Odyssey and Odyssey Cinema systems. Revenue from sales of disposable interventional devices, service and accessories decreased to $6.6 million for the three months ended June 30, 2015 from $6.9 million for the three months ended June 30, 2014, a decrease of approximately 5%. The decrease was primarily driven by the impact of the stronger U.S. dollar on European sales.

Cost of Revenue. Cost of revenue increased to $2.9 million for the three months ended June 30, 2015 from $2.0 million for the three months ended June 30, 2014. As a percentage of our total revenue, overall gross margin decreased to 70% for the three months ended June 30, 2015 from 75% for the three months ended June 30, 2014. Cost of revenue for systems sold increased from $1.1 million for the three months ended June 30, 2014 to $1.8 million for the three months ended June 30, 2015, an increase of approximately 71%, due primarily to increased Niobe and Odyssey system sales volumes. Gross margin for systems increased to 40% for the three months ended June 30, 2015 from 6% for the three months ended June 30, 2014. This increase was primarily due to the sale of a Niobe I to Niobe ES system upgrade in the 2014 period and higher average realized revenue on current period Odyssey sales. Cost of revenue for disposables, service and accessories increased to $1.1 million for the three months ended June 30, 2015 from $0.9 million for the three months ended June 30, 2014 due to higher expenses incurred under service contracts in the current year period. Gross margin for disposables, service and accessories was 83% for the current quarter compared to 87% for the three months ended June 30, 2014.

Research and Development Expenses. Research and development expenses increased from $1.3 million for the three months ended June 30, 2014 to $1.4 million for the three months ended June 30, 2015, an increase of approximately 8%. This increase was primarily due to headcount costs and recruiting and relocation expenses.

Sales and Marketing Expenses. Sales and marketing expenses increased from $4.1 million for the three months ended June 30, 2014 to $4.3 million for the three months ended June 30, 2015, an increase of approximately 4%. This increase was primarily due to increased headcount expenses and third party commissions, partially offset by decreased marketing expenses.

General and Administrative Expenses. General and administrative expenses include regulatory, clinical, finance, information systems, legal, general management and training expenses. General and administrative expenses decreased from $2.9 million for the three months ended June 30, 2014 to $2.8 million for the three months ended June 30, 2015, a decrease of approximately 6%. This decrease was primarily driven by lower consulting expenses.

Other Income. Other income represents the non-cash change in market value of certain warrants classified as a derivative and recorded as a current liability under general accounting principles for determining whether an instrument (or embedded feature) is indexed to an entity’s own stock.

Interest Expense. Interest expense has remained relatively consistent with the three months ended June 30, 2015 and 2014 at $0.8 million.

Comparison of the Six Months Ended June 30, 2015 and 2014

Revenue. Revenue increased from $16.4 million for the six months ended June 30, 2014 to $19.2 million for the six months ended June 30, 2015, an increase of approximately 17%. Revenue from the sale of systems increased from $2.5 million to $5.9 million, an increase of approximately 138%. We recognized revenue on four Niobe systems, a total of $1.5 million on Odyssey and Odyssey family products, and $0.5 million for Vdrive systems during the 2015 period. System revenue for the prior year period included one Niobe system which was a Niobe I to Niobe ES system upgrade, a total of $0.7 million for system installation revenue, one Niobe ES upgrade and a customer deposit for a previously cancelled Niobe system order. In addition, in the prior year we recognized revenue on a total of $0.9 million for Odyssey and Odyssey Cinema systems and a total of $0.5 million for Vdrive systems. Revenue from sales of disposable interventional devices, service and accessories decreased to $13.3 million for the six months ended June 30, 2015 from $13.9 million for the six months ended June 30, 2014, a decrease of approximately 5%. The decrease was attributable to the impact of the stronger U.S. dollar on European sales, lower disposable volume and higher service revenue in the 2014 period associated with Niobe I to Niobe ES upgrades.

Cost of Revenue. Cost of revenue increased from $3.6 million for the six months ended June 30, 2014 to $5.6 million for the six months ended June 30, 2015, an increase of approximately 55%. As a percentage of our total revenue, overall gross margin decreased to 71% for the six months ended June 30, 2015 compared to 78% during the same six month period of the prior year due to a shift in mix from disposable, service and accessory revenue to system revenue. Cost of revenue for systems sold increased from $1.6 million for the six months ended June 30, 2014 to $3.3 million for the six months ended June 30, 2015, an increase of approximately 98%, primarily due to increased system sales volumes across Niobe and Odyssey product lines. Gross margin for systems increased from 34% for the six months ended June 30, 2014 to 45% for the six months ended June 30, 2015 due to improved selling prices. Cost of revenue for disposables, service and accessories increased to $2.3 million during the 2015 period from $2.0 million during the 2014 period, resulting in a decrease in gross margin to 82% from 86% between these periods driven by higher expenses incurred under service contracts in the current year period.

Research and Development Expenses. Research and development expenses increased from $2.8 million for the six months ended June 30, 2014 to $2.9 million for the six months ended June 30, 2015, an increase of approximately 3%. The increase is primarily due to recruiting and relocation expenses and higher project spending.

Sales and Marketing Expenses. Sales and marketing expenses increased from $7.7 million for the six months ended June 30, 2014 to $8.3 million for the six months ended June 30, 2015, an increase of approximately 7%. This increase was primarily due to the addition of sales employees leading to increased headcount and travel related expenses.

General and Administrative Expenses. General and administrative expenses include regulatory, clinical, finance, information systems, legal, general management and training expenses. General and administrative expenses decreased to $5.6 million for the six months ended June 30, 2015 from $6.8 million for the six months ended June 30, 2014. This decrease was primarily due to decreased regulatory expenses associated with our Japanese license as well as decreased headcount costs and consulting expenses in the current year period.

Other Income. Other income represents the change in market value of certain warrants classified as a derivative and recorded as a current liability under general accounting principles for determining whether an instrument (or embedded feature) is indexed to an entity’s own stock. The primary drivers of fluctuations in this balance are changes in the Company’s stock price from one period to the next.

Interest Expense. Interest expense remained relatively consistent at $1.6 million for the six months period ended June 30, 2015 compared to $1.7 million for the six months period ended June 30, 2014.

Liquidity and Capital Resources

Liquidity refers to the liquid financial assets available to fund our business operations and pay for near-term obligations. These liquid financial assets consist of cash and cash equivalents. At June 30, 2015 we had $3.6 million of cash and equivalents. We had working capital of approximately $0.7 million and $4.6 million as of June 30, 2015 and December 31, 2014, respectively. The decrease in the working capital is due principally to the net losses incurred for the first six months of 2015 partially offset by the proceeds from Controlled Equity Offering.

The following table summarizes our cash flow by operating, investing and financing activities for the six months ended June 30, 2015 and 2014 (in thousands):


	Six Months Ended June 30,
	2015			2014
Cash flow used in operating activities	$	(4,204	)	$	(5,454	)
Cash flow used in investing activities		(52	)		(41	)
Cash flow provided by financing activities		615			2,318

Net cash used in operating activities. We used approximately $4.2 million and $5.5 million of cash for operating activities during the six months ended June 30, 2015 and 2014, respectively. The decrease in cash used in operating activities was primarily driven by the reduced operating loss in the current year period.

Net cash used in investing activities. We used less than $0.1 million during the six month period ended June 30, 2015 and the six month period ended June 30, 2014 for the purchase of equipment.

Net cash provided by financing activities. We generated approximately $0.6 million of cash for the six month period ended June 30, 2015 compared to the $2.3 million generated for the six month period ended June 30, 2014. The cash generated in both periods was driven by proceeds from stock issued through the Controlled Equity Offering.

We may be required to raise capital or pursue other financing strategies to continue our operations. Until we can generate significant cash flow from our operations, we expect to continue to fund our operations with cash resources primarily generated from the proceeds of our past and future public offerings, private sales of our equity securities, and loans collateralized by working capital and equipment. We continue to explore financing alternatives, which may include the sale of equity securities or non-core assets, strategic collaboration agreements, debt financings or distribution rights. We cannot accurately predict the timing and amount of our utilization of capital, which will depend on a number of factors outside of our control.

Our existing cash, cash equivalents and borrowing facilities may not be sufficient to fund our operating expenses and capital equipment requirements through the next 12 months, which would require us to obtain additional financing before that time. We cannot assure that additional financing will be available on a timely basis on terms acceptable to us or at all, or that such financing will not be dilutive to our stockholders. If adequate funds are not available to us, we could be required to delay development or commercialization of new products, to license to third parties the rights to commercialize products or technologies that we would otherwise seek to commercialize ourselves or to reduce the sales, marketing, customer support or other resources devoted to our products, any of which could have a material adverse effect on our business, financial condition and results of operations. In addition, we could be required to cease operations.

Capital Resources

As of June 30, 2015, our borrowing facilities were comprised of a revolving line of credit maintained with our primary lender, Silicon Valley Bank, as well as the Healthcare Royalty Partners debt discussed in the following sections.

Revolving Line of Credit

As of June 30, 2015, the Company had no outstanding debt under the revolving line of credit. Draws on the line of credit are made based on the borrowing capacity one week in arrears. As of June 30, 2015 the Company had a borrowing capacity of $6.0 million based on the Company’s collateralized assets.

Healthcare Royalty Partners Debt

In November 2011, we entered into a loan agreement with Healthcare Royalty Partners. Under the agreement the Company borrowed from Healthcare Royalty Partners $15 million. The Company was permitted to borrow up to an additional $5 million in the aggregate based on the achievement by the Company of certain milestones related to Niobe ES system sales in 2012. On August 8, 2012, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the three months ended June 30, 2012. On January 31, 2013, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the twelve months ended December 31, 2012. The loan will be repaid through, and secured by, royalties payable to the Company under its Development, Alliance and Supply Agreement with Biosense Webster, Inc. (the “Biosense Agreement”). The Biosense Agreement relates to the development and distribution of magnetically enabled catheters used with Stereotaxis’ Niobe ES system in cardiac ablation procedures. Under the terms of the agreement, Healthcare Royalty Partners will be entitled to receive 100% of all royalties due to the Company under the Biosense Agreement until the loan is repaid. The loan is a full recourse loan, matures on December 31, 2018, and bears interest at an annual rate of 16% payable quarterly with royalties received under the Biosense Agreement. If the payments received by the Company under the Biosense Agreement are insufficient to pay all amounts of interest due on the loan, then such deficiency will increase the outstanding principal amount on the loan. After the loan obligation is repaid, royalties under the Biosense Agreement will again be paid to the Company. The loan is also secured by certain assets and intellectual property of the Company. The agreement also contains customary affirmative and negative covenants. The use of payments due to the Company under the Biosense Agreement was approved by our primary lender.

Common Stock

The holders of common stock are entitled to one vote for each share held and to receive dividends whenever funds are legally available and when declared by the Board of Directors subject to the prior rights of holders of all classes of stock having priority rights as dividends and the conditions of the revolving line of credit agreement. No dividends have been declared or paid as of June 30, 2015.

Controlled Equity Offering

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 a result, we are not materially exposed to any financing, liquidity, market or credit risk that could have arisen if we had engaged in these relationships.

ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Foreign Exchange Risk

We operate mainly in the U.S., Europe and Asia and we expect to continue to sell our products both within and outside of the U.S. Although the majority of our revenue and expenses are transacted in U.S. dollars, a portion of our operations are conducted in Euros and to a lesser extent, in other currencies. As such, we have foreign exchange exposure with respect to non-U.S. dollar revenues and expenses as well as cash balances, accounts receivable, accounts payable and other asset and liability balances denominated in non-US dollar currencies. Our international operations are subject to risks typical of international operations, including, but not limited to, differing economic conditions, changes in political climate, differing tax structures, other regulations and restrictions, and foreign exchange rate volatility. Future fluctuations in the value of these currencies may affect the price competitiveness of our products. In addition, because we have a relatively long installation cycle for our systems, we will be subject to risk of currency fluctuations between the time we execute a purchase order and the time we deliver the system and collect payments under the order, which could adversely affect our operating margins. As of June 30, 2015 we have not hedged exposures in foreign currencies or entered into any other derivative instruments.

For the six months ended June 30, 2015, sales denominated in foreign currencies were approximately 18% of total revenue and as such, our revenue would have decreased by $0.5 million if the U.S. dollar exchange rate used would have strengthened by 10%. For the six months ended June 30, 2015, expenses denominated in foreign currencies were approximately 11% of our total expenses and as such, our operating expenses would have decreased by approximately $0.2 million if the U.S. dollar exchange rate used would have strengthened by 10%. In addition, we have assets and liabilities denominated in foreign currencies. A 10% strengthening of the U.S. dollar exchange rate against all currencies with which we have exposure at June 30, 2015 would have resulted in a $0.3 million decrease in the carrying amounts of those net assets.

Interest Rate Risk

We have exposure to interest rate and market risk related to any investments we might hold. Market liquidity issues might make it impossible for the Company to liquidate its holdings or require that the Company sell the securities at a substantial loss. As of June 30, 2015, the Company did not hold any investments other than those held in money market funds.

We have exposure to interest rate risk related to our borrowings as the interest rates for certain of our outstanding loans are subject to increase should the interest rate increase above a defined percentage. However, a hypothetical increase in interest rates of 100 basis points would have no impact on interest expense due to an interest rate floor of 7.0% on our floating rate debt.

Inflation Risk

We do not believe that inflation has had a material adverse impact on our business or operating results during the periods covered by this report.

ITEM 4.

CONTROLS AND PROCEDURES

Disclosure Controls and Procedures: The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of the Company’s disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), as of the end of the period covered by this report. Any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives, and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures. Based on such evaluation, the Company’s Chief Executive Officer and Chief Financial Officer have concluded that, as of the end of such period, the Company’s disclosure controls and procedures were effective.

Changes In Internal Control Over Financial Reporting: The Company’s management, with the participation of the Company’s Chief Executive Officer and Chief Financial Officer, also conducted an evaluation of the Company’s internal control over financial reporting to determine whether any changes occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Company’s internal control over financial reporting. Based on that evaluation, there has been no such change during the period covered by this report.

PART II – OTHER INFORMATION

ITEM 1.

LEGAL PROCEEDINGS

We are involved from time to time in various lawsuits and claims arising in the normal course of business. Although the outcomes of these lawsuits and claims are uncertain, we do not believe any of them will have a material adverse effect on our business, financial condition or results of operations.

ITEM 1A.

RISK FACTORS

Risk Factors are discussed in our Annual Report on Form 10-K for the year ended December 31, 2014.

ITEM 2.

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS

None.

ITEM 3.

DEFAULTS UPON SENIOR SECURITIES

None.

ITEM 4.

[RESERVED]

None.

ITEM 5.

OTHER INFORMATION

ITEM 6.

EXHIBITS

Exhibits: See Exhibit Index herein

STEREOTAXIS, INC.

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.

EXHIBIT INDEX


Number		Description

3.1		Restated Certificate of Incorporation of the Registrant, incorporated by reference to Exhibit 3.1 of the Registrant’s Form 10-Q (file No. 000-50884) for the fiscal quarter ended September 30, 2004.

3.2		Certificate of Amendment to Amended and Restated Certificate of Incorporation, incorporated by reference to Exhibit 3.1 of the Registrant’s Current Report on Form 8-K (File No. 000-50884) filed on July 10, 2012.

3.3		Restated Bylaws of the Registrant, incorporated by reference to Exhibit 3.2 of the Registrant’s Form 10-Q (File No. 000-50884) for the fiscal quarter ended September 30, 2004.

31.1		Rule 13a-14(a)/15d-14(a) Certification (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, executed by Chief Executive Officer).

31.2		Rule 13a-14(a)/15d-14(a) Certification (pursuant to Section 302 of the Sarbanes-Oxley Act of 2002, executed by Chief Financial Officer).

32.1		Section 1350 Certification (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, executed by Chief Executive Officer).

32.2		Section 1350 Certification (pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, executed by Chief Financial Officer).

101.INS		XBRL Instance Document.

101.SCH		XBRL Taxonomy Extension Schema Document.

101.CAL		XBRL Taxonomy Extension Calculation Linkbase Document.

101.DEF		XBRL Taxonomy Extension Definition Linkbase Document.

101.LAB		XBRL Taxonomy Extension Label Linkbase Document.

101.PRE		XBRL Taxonomy Extension Presentation Linkbase Document.

EX-31.1 2 d941995dex311.htm EX-31.1 EX-31.1

Exhibit 31.1

Certification of Principal Executive Officer

I, William C. Mills III, certify that:

I have reviewed this quarterly report on Form 10-Q of Stereotaxis, Inc.;

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;

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;

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 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

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 operation 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.

EX-31.2 3 d941995dex312.htm EX-31.2 EX-31.2

Exhibit 31.2

Certification of Principal Financial Officer

I, Martin C. Stammer, certify that:

I have reviewed this quarterly report on Form 10-Q of Stereotaxis, Inc.;

(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.

EX-32.1 4 d941995dex321.htm EX-32.1 EX-32.1

Exhibit 32.1

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Stereotaxis, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, William C. Mills III, Chief Executive Officer of the Company, certify, pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

EX-32.2 5 d941995dex322.htm EX-32.1 EX-32.1

Exhibit 32.2

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the quarterly report of Stereotaxis, Inc. (the “Company”) on Form 10-Q for the period ended June 30, 2015 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Martin C. Stammer, Chief Financial Officer of the Company, certify, pursuant to Rule 13a-14(b) and Section 1350 of Chapter 63 of Title 18 of the United States Code, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

EX-101.INS 6 stxs-20150630.xml XBRL INSTANCE DOCUMENT 0001289340 us-gaap:FairValueInputsLevel3Member stxs:WarrantsIssuedMay102012Member 2015-06-30 0001289340 us-gaap:FairValueInputsLevel3Member stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2015-06-30 0001289340 us-gaap:FairValueInputsLevel2Member stxs:WarrantsIssuedMay102012Member 2015-06-30 0001289340 us-gaap:FairValueInputsLevel2Member stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2015-06-30 0001289340 us-gaap:FairValueInputsLevel3Member stxs:WarrantsIssuedMay102012Member 2014-12-31 0001289340 us-gaap:FairValueInputsLevel3Member stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2014-12-31 0001289340 us-gaap:FairValueInputsLevel2Member stxs:WarrantsIssuedMay102012Member 2014-12-31 0001289340 us-gaap:FairValueInputsLevel2Member stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2014-12-31 0001289340 stxs:RangeTwoMember 2015-01-01 2015-06-30 0001289340 stxs:RangeThreeMember 2015-01-01 2015-06-30 0001289340 stxs:RangeFourMember 2015-01-01 2015-06-30 0001289340 stxs:RangeOneMember 2014-01-01 2014-12-31 0001289340 stxs:StockIncentivePlan2012Member 2014-06-09 2014-06-10 0001289340 stxs:StockIncentivePlan2012Member 2013-06-04 2013-06-05 0001289340 us-gaap:RestrictedStockMember stxs:StockIncentivePlan2012Member 2015-06-30 0001289340 us-gaap:RestrictedStockUnitsRSUMember 2015-06-30 0001289340 us-gaap:RestrictedStockUnitsRSUMember 2014-12-31 0001289340 us-gaap:RestrictedStockUnitsRSUMember 2015-01-01 2015-06-30 0001289340 us-gaap:RevolvingCreditFacilityMember us-gaap:MinimumMember 2015-06-30 0001289340 us-gaap:LeaseholdImprovementsMember 2015-06-30 0001289340 us-gaap:EquipmentMember 2015-06-30 0001289340 us-gaap:AssetsHeldUnderCapitalLeasesMember 2015-06-30 0001289340 us-gaap:LeaseholdImprovementsMember 2014-12-31 0001289340 us-gaap:EquipmentMember 2014-12-31 0001289340 us-gaap:AssetsHeldUnderCapitalLeasesMember 2014-12-31 0001289340 2014-01-01 2014-12-31 0001289340 stxs:CowenDebtMember us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-06-30 0001289340 stxs:CowenDebtMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-06-30 0001289340 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2015-06-30 0001289340 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2015-06-30 0001289340 stxs:CowenDebtMember us-gaap:EstimateOfFairValueFairValueDisclosureMember 2014-12-31 0001289340 stxs:CowenDebtMember us-gaap:CarryingReportedAmountFairValueDisclosureMember 2014-12-31 0001289340 us-gaap:EstimateOfFairValueFairValueDisclosureMember 2014-12-31 0001289340 us-gaap:CarryingReportedAmountFairValueDisclosureMember 2014-12-31 0001289340 us-gaap:RevolvingCreditFacilityMember 2015-01-01 2015-06-30 0001289340 us-gaap:FairValueInputsLevel3Member 2015-06-30 0001289340 us-gaap:FairValueInputsLevel3Member 2014-12-31 0001289340 stxs:WarrantsIssuedMay102012Member 2015-06-30 0001289340 stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2015-06-30 0001289340 stxs:WarrantsIssuedMay102012Member 2014-12-31 0001289340 stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2014-12-31 0001289340 stxs:StockIncentivePlan2012Member 2015-01-01 2015-06-30 0001289340 stxs:StockIncentivePlan2012Member 2015-06-30 0001289340 stxs:ProductShippedRevenueDeferredMember 2015-06-30 0001289340 stxs:DeferredServiceAndLicenseFeesMember 2015-06-30 0001289340 stxs:CustomerDepositsMember 2015-06-30 0001289340 stxs:ProductShippedRevenueDeferredMember 2014-12-31 0001289340 stxs:DeferredServiceAndLicenseFeesMember 2014-12-31 0001289340 stxs:CustomerDepositsMember 2014-12-31 0001289340 stxs:CowenDebtMember 2015-01-01 2015-06-30 0001289340 stxs:CowenDebtMember 2011-11-30 0001289340 2014-06-30 0001289340 2013-12-31 0001289340 us-gaap:FairValueInputsLevel2Member 2015-06-30 0001289340 us-gaap:FairValueInputsLevel1Member 2015-06-30 0001289340 us-gaap:FairValueInputsLevel2Member 2014-12-31 0001289340 us-gaap:FairValueInputsLevel1Member 2014-12-31 0001289340 us-gaap:RevolvingCreditFacilityMember 2015-06-30 0001289340 stxs:WarrantsIssuedMay102012Member 2015-01-01 2015-06-30 0001289340 stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2015-01-01 2015-06-30 0001289340 us-gaap:FairValueInputsLevel3Member stxs:WarrantsIssuedMay102012Member 2015-01-01 2015-06-30 0001289340 us-gaap:FairValueInputsLevel3Member stxs:WarrantsIssuedAugustTenthTwoThousandThirteenMember 2015-01-01 2015-06-30 0001289340 2015-04-01 2015-06-30 0001289340 2014-04-01 2014-06-30 0001289340 2014-01-01 2014-06-30 0001289340 2014-05-01 2014-05-31 0001289340 stxs:CowenDebtMember 2011-11-01 2011-11-30 0001289340 stxs:CowenDebtMember 2013-01-30 2013-01-31 0001289340 stxs:CowenDebtMember 2012-08-07 2012-08-08 0001289340 2014-12-31 0001289340 2015-06-30 0001289340 2013-07-01 2013-09-30 0001289340 2015-07-15 0001289340 2015-01-01 2015-06-30 stxs:item utr:sqft xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares false --12-31 Q2 2015 2015-06-30 10-Q 0001289340 21067198 Smaller Reporting Company Stereotaxis, Inc. stxs 515138 319736 661766 661102 2500000 2500000 5000000 18000000 67770 1963634 903977 2324359 1093988 1.44 1.44 -106792 -64355 -42437 -24500000 -21500000 -23500000 -22500000 1.00 <div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> June 30, 2015 </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:24.75pt;padding:0pt;"> December 31, 2014 </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:16.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:15.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Prepaid expenses </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $        362,592 </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $       679,740 </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Deferred financing costs </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>486,642  </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>492,385  </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Deposits </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>143,597  </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;color:#000000;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>311,562  </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Deferred cost of revenue </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>67,770  </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">  - </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total prepaid expenses and other assets </td> <td valign="bottom" style="width:16.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,060,601  </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,483,687  </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Less: Noncurrent prepaid expenses and other assets </td> <td valign="bottom" style="width:16.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(321,309) </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(388,850) </td> </tr> <tr> <td valign="top" style="width:60.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total prepaid expenses and other current assets </td> <td valign="bottom" style="width:16.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $        739,292 </td> <td valign="bottom" style="width:07.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:15.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $    1,094,837 </td> </tr> </table></div>   </div> </div> 0.030 141497 14100000 <div> <div style="margin-left:0pt;margin-right:0pt;"> Revenue and Costs of Revenue  The Company accounts for revenue using Accounting Standards Codification Topic 605-25, Multiple-Element Arrangements (“ASC 605-25”). ASC 605-25 permits management to estimate the selling price of undelivered components of a bundled sale for which it is unable to establish vendor-specific objective evidence (“VSOE”) or third-party evidence (“TPE”). This requires management to record revenue for certain elements of a transaction even though it might not have delivered other elements of the transaction, for which it was unable to meet the requirements for establishing VSOE or TPE. The Company believes that the guidance significantly improves the reporting of these types of transactions to more closely reflect the underlying economic circumstances. This guidance also prohibits the use of the residual method for allocating revenue to the various elements of a transaction and requires that the revenue be allocated proportionally based on the relative estimated selling prices. Under our revenue recognition policy, a portion of revenue for Niobe systems, Vdrive systems and certain Odyssey systems is recognized upon delivery, provided that title has passed, there are no uncertainties regarding acceptance, persuasive evidence of an arrangement exists, the sales price is fixed and determinable, and collection of the related receivable is reasonably assured. Revenue is recognized for other types of Odyssey systems upon completion of installation, since there are no qualified third party installers. When installation is the responsibility of the customer, revenue from system sales is recognized upon shipment since these arrangements do not include an installation element or right of return privileges. The Company does not recognize revenue in situations in which inventory remains at a Stereotaxis warehouse or in situations in which title and risk of loss have not transferred to the customer. Amounts collected prior to satisfying the above revenue recognition criteria are reflected as deferred revenue. Revenue from services and license fees, whether sold individually or as a separate unit of accounting in a multiple-deliverable arrangement, is deferred and amortized over the service or license fee period, which is typically one year. Revenue from services is derived primarily from the sale of annual product maintenance plans. We recognize revenue from disposable device sales or accessories upon shipment and establish an appropriate reserve for returns. The return reserve, which is applicable only to disposable devices, is estimated based on historical experience which is periodically reviewed and updated as necessary. In the past, changes in estimate have had only a de minimis effect on revenue recognized in the period. We believe that the estimate is not likely to change significantly in the future. Costs of systems revenue include direct product costs, installation labor and other costs, estimated warranty costs, and initial training and product maintenance costs. These costs are recorded at the time of sale. Costs of disposable revenue include direct product costs and estimated warranty costs and are recorded at the time of sale. Cost of revenue from services and license fees are recorded when incurred. </div> </div> 0 12000 52000 13000 P1Y 1640212 1080785 3249542 1849275 2488136 1153282 5924113 3092935 123 1 2018-11-01 2018-05-01 4.99

2353133

2293119

6480499

7449913

332364

429592

5505142

6002767

5920070

6008337

1407740

1393916

10001869

9918215

446241703

447573961

131464

119620

126535

111018

149917

23880771

19945451

21217540

17317395

5361053

1019571

<div> <div style="margin-left:0pt;margin-right:0pt;"> Basis of Presentation The accompanying unaudited financial statements of Stereotaxis, Inc. have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all the disclosures required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, they include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. Operating results for the six month period ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ended December 31, 2015 or for future operating periods. These interim financial statements and the related notes should be read in conjunction with the annual financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission (SEC) on March 16, 2015. </div> </div>

13775130

10597718

7270301

3629273

5361053

1019571

-3177412

-3641028

2131476

0.001

300000000

20480874

21066848

20481

21067

3603846

1984762

5573901

2943263

<div> <div style="margin-left:0pt;margin-right:0pt;"> 9. Long-Term Debt and Credit Facilities  Debt outstanding consists of the following:   <a name="FIS_UNIDENTIFIED_TABLE_7"></a>  <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="top" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="top" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="top" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="top" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="top" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td colspan="3" valign="top" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> June 30, 2015 </td> <td valign="top" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td colspan="3" valign="top" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> December 31, 2014 </td> </tr> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:11.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Carrying </td> <td valign="top" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Estimated </td> <td valign="top" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Carrying </td> <td valign="top" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Estimated </td> </tr> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Amount </td> <td valign="top" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Fair Value </td> <td valign="top" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Amount </td> <td valign="top" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Fair Value </td> </tr> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:11.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Healthcare Royalty Partners debt </td> <td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $   18,308,436 </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,308,436  </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $       18,388,764 </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,388,764  </td> </tr> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total debt </td> <td valign="bottom" style="width:11.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,308,436  </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,308,436  </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,388,764  </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>18,388,764  </td> </tr> <tr> <td valign="top" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Less current maturities </td> <td valign="bottom" style="width:11.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">  — </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">  — </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">  — </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">  — </td> </tr> <tr> <td valign="bottom" style="width:36.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total long term debt </td> <td valign="bottom" style="width:11.80%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $   18,308,436 </td> <td valign="bottom" style="width:02.54%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:12.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $    18,308,436 </td> <td valign="bottom" style="width:04.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $       18,388,764 </td> <td valign="bottom" style="width:03.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $       18,388,764 </td> </tr> </table></div>       In accordance with general accounting principles for fair value measurement, the Company’s debt and credit facilities were measured at fair value as of June 30, 2015 and December 31, 2014.  Long-term debt fair value estimates are based on estimated borrowing rates to discount the cash flows to their present value (Level 3).    Revolving Line of Credit The Company has had a working capital line of credit with its primary lender, Silicon Valley Bank, since 2004. The revolving line of credit is secured by substantially all of the Company’s assets. The maximum available under the line is $10 million subject to the value of collateralized assets. The Company is required under the revolving line of credit to maintain its primary operating account and the majority of its cash and investment balances in accounts with its primary lender. The facility was last amended on March 27, 2015, extending the maturity date to March 31, 2018. The current agreement requires the Company to maintain a liquidity ratio greater than 1.50:1.00, excluding certain short term advances from the calculation, and a minimum tangible net worth of not less than (no worse than) negative $21.5 million for the quarters ended March 31, 2015, June 30, 2015, and September 30, 2015; not less than (no worse than) negative $22.5 million for the quarters ended December 31, 2015, March 31, 2016, June 30, 2016, and September 30, 2016; not less than (no worse than) negative $23.5 million for the quarters ended December 31, 2016, March 31, 2017, June 30, 2017, and September 30, 2017; and not less than (no worse than) negative $24.5 million for the quarters ended December 31, 2017 and March 31, 2018. As of June 30, 2015, the Company had no outstanding debt under the revolving line of credit. Draws on the line of credit are made based on the borrowing capacity one week in arrears. As of June 30, 2015, the Company had a borrowing capacity of $6.0 million based on the Company’s collateralized assets. Healthcare Royalty Partners Debt In November 2011, the Company entered into a loan agreement with Healthcare Royalty Partners. Under the agreement the Company borrowed from Healthcare Royalty Partners $15 million. The Company was permitted to borrow up to an additional $5 million in the aggregate based on the achievement by the Company of certain milestones related to Niobe ES system sales in 2012. On August 8, 2012, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the three months ended June 30, 2012. On January 31, 2013, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the twelve months ended December 31, 2012.  The loan will be repaid through, and secured by, royalties payable to the Company under its Development, Alliance and Supply Agreement with Biosense Webster, Inc. (the “Biosense Agreement”). The Biosense Agreement relates to the development and distribution of magnetically enabled catheters used with Stereotaxis' Niobe ES system in cardiac ablation procedures. Under the terms of the agreement, Healthcare Royalty Partners will be entitled to receive 100% of all royalties due to the Company under the Biosense Agreement until the loan is repaid.  The loan is a full recourse loan, matures on December 31, 2018, and bears interest at an annual rate of 16% payable quarterly with royalties received under the Biosense Agreement. If the payments received by the Company under the Biosense Agreement are insufficient to pay all amounts of interest due on the loan, then such deficiency will increase the outstanding principal amount on the loan. After the loan obligation is repaid, the royalties under the Biosense Agreement will again be paid to the Company. The loan is also secured by certain assets and intellectual property of the Company. The agreement also contains customary affirmative and negative covenants. The use of payments due to the Company under the Biosense Agreement was approved by our primary lender.   </div> </div>

0.16

2018-12-31

492385

486642

7634335

1065371

6111616

457348

7199306

41779

6947167

210360

6658170

6342452

976165

856854

311562

143597

237497

134025

104987

106792

-0.31

-0.10

-0.22

-0.07

-0.31

-0.10

-0.22

-0.07

<div> <div style="margin-left:0pt;margin-right:0pt;"> Net Earnings (Loss) per Common Share (“EPS”) Basic and diluted net earnings (loss) per common share are computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. The following table sets forth the computation of basic and diluted EPS:   <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three months ended June 30, </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six months ended June 30, </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator: </td> <td valign="bottom" style="width:01.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator for basic EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,538,687) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,941,479) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,674,268) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,081,326) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator for diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,538,687) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,941,479) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,674,268) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,081,326) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator: </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator for basic EPS—weighted average shares </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,007,103  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,631,469  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,871,244  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,483,603  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator for diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,007,103  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,631,469  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,871,244  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,483,603  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Basic EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.10) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.22) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.10) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.22) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> </table></div>   In addition, the Company did not include any portion of unearned restricted shares, outstanding options, stock appreciation rights or warrants in the calculation of diluted loss per common share because all such securities are anti-dilutive for the six months ended June 30, 2015 and the six months ended June 30, 2014. The application of the two-class method of computing earnings per share under general accounting principles for participating securities is not applicable during these periods because the Company’s unearned restricted shares do not contractually participate in its losses. As of June 30, 2015, the Company had 749,166 shares of common stock issuable upon the exercise of outstanding options and stock appreciation rights at a weighted average exercise price of $9.96 per share, 2,131,476 shares of common stock issuable upon the exercise of outstanding warrants at a weighted average exercise price of $4.99 per share, and 805,754 shares of unvested restricted share units. The Company had no unearned restricted shares outstanding for the six months ended June 30, 2015.<a name="eolPage9"></a> </div> </div>

2557557

2492485

2300000

P4Y

1.6518

1.7212

0.0101

<div> <div style="margin-left:0pt;margin-right:0pt;"> 11. Fair Value Measurements    The Company measures certain financial assets and liabilities at fair value on a recurring basis, including cash equivalents and warrants. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). The three levels of the fair value hierarchy are described below: Level 1: Values are based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.   Level 2: Values are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or other model-based valuation techniques for which all significant assumptions are observable in the market.   Level 3: Values are generated from model-based techniques that use significant assumptions not observable in the market.   The following table sets forth the Company’s assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy.  As required by the Fair Value Measurements and Disclosures topic of the Accounting Standards Codification, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.     <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:07.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:31.52%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.98%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.88%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.70%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> </table></div>   <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Fair Value Measurement Using </td> </tr> <tr> <td valign="bottom" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Total </td> <td valign="bottom" style="width:04.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Quoted Prices in Active Markets for Identical Instruments (Level 1) </td> <td valign="bottom" style="width:04.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Significant Other Observable Inputs (Level 2) </td> <td valign="bottom" style="width:04.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Significant Unobservable Inputs (Level 3) </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Assets at June 30, 2015: </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Cash equivalents </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total assets at fair value </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Liabilities at June 30, 2015: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued May 10, 2012 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>686,275  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>686,275  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued August 2013 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,341,120  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,341,120  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total liabilities at fair value: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,027,395  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,027,395  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Assets at December 31, 2014: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Cash equivalents </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total assets at fair value </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Liabilities at December 31, 2014: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued May 10, 2012 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,712  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,712  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued August 2013 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,405,475  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,405,475  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total liabilities at fair value: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,134,187  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,134,187  </td> </tr> </table></div>   Level 1 The Company’s financial assets consist of cash equivalents invested in money market funds in the amount of $1,019,571 and $5,361,053 at June 30, 2015 and December 31, 2014, respectively. These assets are classified as Level 1 as described above and total interest income recorded for these investments was insignificant during both the six month periods ended June 30, 2015, and June 30, 2014. There were no transfers in or out of Level 1 during the period ended June 30, 2015. Level 2 The Company does not have any financial assets or liabilities classified as Level 2. Level 3  In conjunction with the Company’s May 2012 and August 2013 financing transactions, the Company issued warrants to purchase shares of the Company’s common stock. Due to the provisions included in the warrant agreements, the warrants did not meet the exemptions for equity classification and as such, the Company accounts for these warrants as derivative instruments. The calculated fair value of the warrants is classified as a liability and is periodically re-measured with any changes in value recognized in “Other expense” in the Statements of Operations. The remaining warrants from the May 2012 transaction expire in May 2018 and were revalued as of June 30, 2015 using the following assumptions: 1) volatility of 172.12%; 2) risk-free interest rate of 1.01%; and 3) a closing stock price of $1.44. The remaining warrants from the August 2013 expire in November 2018 and were revalued as of June 30, 2015 using the following assumptions: 1) volatility of 165.18%; 2) risk-free interest rate of 1.01%; and 3) a closing stock price of $1.44. The significant unobservable input used in the fair value measurement of the Company’s warrants is volatility.  Significant increases (decreases) in the volatility in isolation would result in significantly higher (lower) liability fair value measurements.   The following table sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities for the six month period ended June 30, 2015:       <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:39.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:49.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:49.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:49.50pt;padding:0pt;"> Warrants issued May 2012 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:49.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:49.50pt;padding:0pt;"> Warrants issued August 2013 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:49.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:49.50pt;padding:0pt;"> Total Liabilities </td> </tr> <tr> <td valign="bottom" style="width:39.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Balance at beginning of period </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $              728,712 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $        1,405,475 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $     2,134,187 </td> </tr> <tr> <td valign="bottom" style="width:39.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">     Settlements </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> - </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> - </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> - </td> </tr> <tr> <td valign="bottom" style="width:39.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">     Revaluation </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(42,437) </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(64,355) </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(106,792) </td> </tr> <tr> <td valign="bottom" style="width:39.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Balance at end of period </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $              686,275 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:16.76%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $        1,341,120 </td> <td valign="bottom" style="width:03.16%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:14.72%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $     2,027,395 </td> </tr> </table></div>   The Company currently does not have derivative instruments to manage its exposure to currency fluctuations or other business risks. The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. All derivative financial instruments are recognized in the balance sheet at fair value.   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td colspan="8" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Fair Value Measurement Using </td> </tr> <tr> <td valign="bottom" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Total </td> <td valign="bottom" style="width:04.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Quoted Prices in Active Markets for Identical Instruments (Level 1) </td> <td valign="bottom" style="width:04.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Significant Other Observable Inputs (Level 2) </td> <td valign="bottom" style="width:04.30%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:74.25pt;padding:0pt;"> Significant Unobservable Inputs (Level 3) </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Assets at June 30, 2015: </td> <td valign="bottom" style="width:02.14%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Cash equivalents </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total assets at fair value </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,019,571  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Liabilities at June 30, 2015: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued May 10, 2012 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>686,275  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>686,275  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued August 2013 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,341,120  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,341,120  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total liabilities at fair value: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,027,395  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,027,395  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Assets at December 31, 2014: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Cash equivalents </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total assets at fair value </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>5,361,053  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Liabilities at December 31, 2014: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued May 10, 2012 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,712  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>728,712  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">          Warrants issued August 2013 </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.74%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,405,475  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>1,405,475  </td> </tr> <tr> <td valign="top" style="width:38.18%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total liabilities at fair value: </td> <td valign="bottom" style="width:02.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.74%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,134,187  </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:11.90%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> —   </td> <td valign="bottom" style="width:04.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:13.56%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,134,187  </td> </tr> </table></div>   </div> </div>

<div> <div style="margin-left:0pt;margin-right:0pt;"> Financial Instruments Financial instruments consist of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and debt. The carrying value of such amounts reported at the applicable balance sheet dates approximates fair value. See Note 9 for disclosure of the fair value of debt. The Company measures certain financial assets and liabilities at fair value on a recurring basis, including warrants and debt conversion features. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). See Note 11 for additional details. </div> </div>

2134187

1405475

728712

2027395

1341120

686275

2435264

3665000

6773377

2943510

5567297

2772708

12798361

6062775

13621375

6720987

-356938

-60014

-1122271

969414

-787374

497625

482790

-435029

1177346

-609088

-130

-67541

-409358

-194767

-244527

1379653

1229736

1671617

834667

1645810

816023

493616

491461

<div> <div style="margin-left:0pt;margin-right:0pt;">   3. Inventories  Inventories consist of the following:   <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:27.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:27.00pt;padding:0pt;"> June 30, 2015 </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:27.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:27.00pt;padding:0pt;"> December 31, 2014 </td> </tr> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:24.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:24.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Raw materials </td> <td valign="bottom" style="width:24.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $          2,387,027 </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $         2,746,926 </td> </tr> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Work in process </td> <td valign="bottom" style="width:24.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>249,022  </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>374,236  </td> </tr> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Finished goods </td> <td valign="bottom" style="width:24.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>2,896,623  </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>3,310,375  </td> </tr> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Reserve for obsolescence </td> <td valign="bottom" style="width:24.32%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(33,755) </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.06%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(59,634) </td> </tr> <tr> <td valign="top" style="width:45.36%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Total inventories </td> <td valign="bottom" style="width:24.32%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $          5,498,917 </td> <td valign="bottom" style="width:06.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.06%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $         6,371,903 </td> </tr> </table></div>   </div> </div>

3310375

2896623

6371903

5498917

2746926

2387027

59634

33755

374236

249022

3929

1695

1355

493

23880771

19945451

16650632

16665733

2134187

2027395

6000000

2018-03-31

10000000

18388764

18308436

18388764

18308436

<div> <div style="margin-left:0pt;margin-right:0pt;"> 1. Description of Business Stereotaxis designs, manufactures, and markets the Epoch® Solution, an advanced remote robotic navigation system for use in a hospital’s interventional surgical suite or “interventional lab”, that we believe revolutionizes the treatment of arrhythmias and coronary artery disease by enabling enhanced safety, efficiency, and efficacy for catheter-based or interventional procedures. The Epoch Solution is comprised of the Niobe® ES Magnetic Navigation System (“Niobe ES system”), Odyssey® Information Management Solution (“Odyssey Solution”), and the Vdrive® Robotic Navigation System (“Vdrive system”) and related devices. The Niobe ES system is designed to enable physicians to complete more complex interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites. This is achieved using externally applied magnetic fields that govern the motion of the working tip of the catheter or guidewire, resulting in improved navigation, efficient procedures, and reduced X-ray exposure. In addition to the Niobe ES system and its components, Stereotaxis has also developed the Odyssey Solution, which consolidates all lab information, enabling doctors to focus on the patient for optimal procedure efficiency. The platform also features a remote viewing and recording capability called the Odyssey Cinema™ system, an innovative system delivering synchronized content for optimized workflow, advanced care, and improved productivity. This tool includes an archiving capability that allows clinicians to store and replay entire procedures or segments of procedures. This information can be accessed from locations throughout the hospital’s local area network and over the global Odyssey Network, providing physicians with a tool for clinical collaboration, remote consultation, and training. Our Vdrive system provides navigation and stability for diagnostic and therapeutic devices designed to improve interventional procedures. The Vdrive system complements the Niobe ES system’s control of therapeutic catheters for fully remote procedures and enables single-operator workflow. It is sold as two options, the Vdrive system and the Vdrive Duo™ system. In addition to the Vdrive system and the Vdrive Duo system, we also manufacture and market various disposable components which can be manipulated by these systems. <p style="margin:9pt 0pt 5pt;text-indent:24.5pt;text-align:justify;text-justify:inter-ideograph;border-top:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;line-height:100%;font-family:Times New Roman;font-size: 10pt"> We promote the full Epoch Solution in a typical hospital implementation, subject to regulatory approvals or clearances. The full Epoch Solution implementation requires a hospital to agree to an upfront capital payment and recurring payments. The upfront capital payment typically includes equipment and installation charges. The recurring payments typically include disposable costs for each procedure, equipment service costs beyond the warranty period, and software licenses. In hospitals where the full Epoch Solution has not been implemented, equipment upgrade or expansion may be implemented upon purchase of the necessary components. As of June 30, 2015, the Company has an installed base of 123 Niobe ES systems. The core components of Stereotaxis’ systems have received regulatory clearance in the United States, European Union, Canada, China, Japan and various other countries.  We have received the CE Mark that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop and V-Sono devices in Europe. In addition, we have received licensing to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop, and V-Sono devices in Canada. We have received regulatory clearance that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-Loop, and V-Sono devices in the United States. We have received Food and Drug Administration (“FDA”) clearance and the CE Mark necessary for us to market our suite of Pegasus™ coronary peripheral guidewires in the United States and Europe. Since our inception, we have generated significant losses. As of June 30, 2015, we incurred cumulative net losses of approximately $463.3 million. In 2015, the Company plans to continue developing the Niobe ES system with the goal of furthering clinical adoption. Although we achieved an operating profit in the fourth quarter 2014, we expect to have negative cash flow from operations into 2015 as we continue the development and commercialization of our products, conduct our research and development activities, advance new products into clinical development from our existing research programs, and fund additional sales and marketing initiatives. During 2015, we expect operating expenses to be generally consistent with 2014 with additional investment in certain targeted areas. We may be required to raise capital or pursue other financing strategies to continue our operations. Until we can generate significant cash flow from our operations, we expect to continue to fund our operations with cash resources primarily generated from the proceeds of our past and future public offerings, private sales of our equity securities, and loans collateralized by working capital and equipment. We continue to explore financing alternatives, which may include the sale of equity securities or non-core assets, strategic collaboration agreements, debt financings, or distribution rights. We cannot accurately predict the timing and amount of our utilization of capital, which will depend on a number of factors outside of our control. Our existing cash, cash equivalents, and borrowing facilities may not be sufficient to fund our operating expenses and capital equipment requirements through the next 12 months, which would require us to obtain additional financing. We cannot assure that additional financing will be available on acceptable terms or that such financing will not be dilutive to our stockholders. If adequate funds are not available to us, we could be required to delay development or commercialization of new products, to license to third parties the rights to commercialize products or technologies that we would otherwise seek to commercialize ourselves, or to reduce the sales, marketing, customer support or other resources devoted to our products, any of which could have a material adverse effect on our business, financial condition, and operational results. In addition, we could be required to cease operations. </div> </div>

2317985

615270

-41140

-52410

-5454257

-4203888

-6081326

-1941479

-4674268

-1538687

<div> <div style="margin-left:0pt;margin-right:0pt;"> Recently Issued Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU” or “Update”) No. 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. To simplify the presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from that debt liability, consistent with the presentation of a debt discount. The Standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method. In August 2014, the FASB issued ASU No. 2014-15, to communicate amendments to FASB Account Standards Codification Subtopic 205-40, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The ASU requires management to evaluate relevant conditions, events and certain management plans that are known or reasonably knowable as of the evaluation date when determining whether substantial doubt about an entity’s ability to continue as a going concern exists. Management will be required to make this evaluation for both annual and interim reporting periods. Management will have to make certain disclosures if it concludes that substantial doubt exists and when it plans to alleviate substantial doubt about the entity’s ability to continue as a going concern. The standard is effective for annual periods ending after December 15, 2016 and for interim reporting periods starting in the first quarter of 2017. Early adoption is permitted. We are currently evaluating the impact of adopting this accounting standard update on our financial statement disclosures and have not concluded on an adoption method. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" which converges the FASB's and the International Accounting Standards Board's current standards on revenue recognition. The standard provides companies with a single model to use in accounting for revenue arising from contracts with customers and supersedes current revenue guidance. The standard is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. The standard permits companies to either apply the adoption to all periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. In April 2015, the FASB issued an exposure draft related to the deferral of the effective date, which would delay our effective date one year. Therefore, the standard would be effective for annual and interim periods beginning after December 15, 2017. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method. </div> </div>

17316986

8352408

16757980

8443313

-4518625

-2289633

-3136605

-1722326

102479

208895

388850

321309

414928

5570

104987

1181126

106792

999169

41140

52410

0.001

10000000

1483687

1060601

1094837

739292

388850

321309

679740

362592

2342275

695598

137253

15000000

501212

364548

330886

221066

63436

84402

29774

<div> <div style="margin-left:0pt;margin-right:0pt;"> 12. Product Warranty Provisions    The Company’s standard policy is to warrant all Niobe,  Odyssey, and Vdrive systems against defects in material or workmanship for one year following installation. The Company’s estimate of costs to service the warranty obligations is based on historical experience and current product performance trends. A regular review of warranty obligations is performed to determine the adequacy of the reserve and adjustments are made to the estimated warranty liability as appropriate.   Accrued warranty, which is included in other accrued liabilities, consists of the following:     <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:50.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:50.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> June 30, 2015 </td> <td valign="bottom" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> December 31, 2014 </td> </tr> <tr> <td valign="bottom" style="width:50.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Warranty accrual, beginning of the fiscal period </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.24%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>364,548  </td> <td valign="bottom" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>501,212  </td> </tr> <tr> <td valign="bottom" style="width:50.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Accrual adjustment for product warranty </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>29,774  </td> <td valign="bottom" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>84,402  </td> </tr> <tr> <td valign="bottom" style="width:50.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Payments made </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.24%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(63,436) </td> <td valign="bottom" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:19.04%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(221,066) </td> </tr> <tr> <td valign="bottom" style="width:50.80%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Warranty accrual, end of the fiscal period </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.24%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>330,886  </td> <td valign="bottom" style="width:05.76%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:19.04%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>364,548  </td> </tr> </table></div>   </div> </div>

10896597

303412

8264804

2328381

10995226

303412

8363433

2328381

894728

1077011

1.50

24290

80328

2816189

1312743

2905533

1419826

-458605903

-463280171

16402207

8047537

19195276

9664250

13914071

6894255

13271163

6571315

<div> <div style="margin-left:0pt;margin-right:0pt;"> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three months ended June 30, </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six months ended June 30, </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator: </td> <td valign="bottom" style="width:01.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator for basic EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,538,687) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,941,479) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,674,268) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,081,326) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator for diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,538,687) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,941,479) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,674,268) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,081,326) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator: </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator for basic EPS—weighted average shares </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,007,103  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,631,469  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,871,244  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,483,603  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator for diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,007,103  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,631,469  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,871,244  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,483,603  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Basic EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.10) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.22) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.10) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.22) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> </table></div>   </div> </div>

7727420

4096155

8285150

4250779

739807

637246

P4Y

64897

2.82

370700

2.07

697751

805754

3.14

2.62

197800

3.36

1000000

699995

68830

330850

487146

749166

17.21

9.96

23.58

2.11

1.69

1.74

1.69

1.88

116.40

91.90

2.15

1.97

<div> <div style="margin-left:0pt;margin-right:0pt;"> 2. Summary of Significant Accounting Policies  Basis of Presentation The accompanying unaudited financial statements of Stereotaxis, Inc. have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all the disclosures required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, they include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. Operating results for the six month period ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ended December 31, 2015 or for future operating periods. These interim financial statements and the related notes should be read in conjunction with the annual financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission (SEC) on March 16, 2015. Financial Instruments Financial instruments consist of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and debt. The carrying value of such amounts reported at the applicable balance sheet dates approximates fair value. See Note 9 for disclosure of the fair value of debt. The Company measures certain financial assets and liabilities at fair value on a recurring basis, including warrants and debt conversion features. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). See Note 11 for additional details. Revenue and Costs of Revenue  The Company accounts for revenue using Accounting Standards Codification Topic 605-25, Multiple-Element Arrangements (“ASC 605-25”). ASC 605-25 permits management to estimate the selling price of undelivered components of a bundled sale for which it is unable to establish vendor-specific objective evidence (“VSOE”) or third-party evidence (“TPE”). This requires management to record revenue for certain elements of a transaction even though it might not have delivered other elements of the transaction, for which it was unable to meet the requirements for establishing VSOE or TPE. The Company believes that the guidance significantly improves the reporting of these types of transactions to more closely reflect the underlying economic circumstances. This guidance also prohibits the use of the residual method for allocating revenue to the various elements of a transaction and requires that the revenue be allocated proportionally based on the relative estimated selling prices. Under our revenue recognition policy, a portion of revenue for Niobe systems, Vdrive systems and certain Odyssey systems is recognized upon delivery, provided that title has passed, there are no uncertainties regarding acceptance, persuasive evidence of an arrangement exists, the sales price is fixed and determinable, and collection of the related receivable is reasonably assured. Revenue is recognized for other types of Odyssey systems upon completion of installation, since there are no qualified third party installers. When installation is the responsibility of the customer, revenue from system sales is recognized upon shipment since these arrangements do not include an installation element or right of return privileges. The Company does not recognize revenue in situations in which inventory remains at a Stereotaxis warehouse or in situations in which title and risk of loss have not transferred to the customer. Amounts collected prior to satisfying the above revenue recognition criteria are reflected as deferred revenue. Revenue from services and license fees, whether sold individually or as a separate unit of accounting in a multiple-deliverable arrangement, is deferred and amortized over the service or license fee period, which is typically one year. Revenue from services is derived primarily from the sale of annual product maintenance plans. We recognize revenue from disposable device sales or accessories upon shipment and establish an appropriate reserve for returns. The return reserve, which is applicable only to disposable devices, is estimated based on historical experience which is periodically reviewed and updated as necessary. In the past, changes in estimate have had only a de minimis effect on revenue recognized in the period. We believe that the estimate is not likely to change significantly in the future. Costs of systems revenue include direct product costs, installation labor and other costs, estimated warranty costs, and initial training and product maintenance costs. These costs are recorded at the time of sale. Costs of disposable revenue include direct product costs and estimated warranty costs and are recorded at the time of sale. Cost of revenue from services and license fees are recorded when incurred. Share-Based Compensation The Company accounts for its grants of stock options, stock appreciation rights, restricted shares, and restricted stock units and for its employee stock purchase plan in accordance with the provisions of general accounting principles for share-based payments. These accounting principles require the determination of the fair value of the share-based compensation at the grant date and the recognition of the related expense over the period in which the share-based compensation vests. The Company utilizes the Black-Scholes valuation model to determine the fair value of stock options and stock appreciation rights at the date of grant. The resulting compensation expense is recognized over the requisite service period, which is generally four years. Compensation expense is recognized only for those awards expected to vest, with forfeitures estimated based on the Company’s historical experience and future expectations. Restricted shares granted to employees are valued at the fair market value at the date of grant. The Company amortizes the fair market value to expense over the service period. If the shares are subject to performance objectives, the resulting compensation expense is amortized over the anticipated vesting period and is subject to adjustment based on the actual achievement of objectives. Net Earnings (Loss) per Common Share (“EPS”) Basic and diluted net earnings (loss) per common share are computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period. The following table sets forth the computation of basic and diluted EPS:   <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Three months ended June 30, </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="5" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> Six months ended June 30, </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2015 </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> <td colspan="2" valign="bottom" style="width:00.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;"> 2014 </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:12.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator: </td> <td valign="bottom" style="width:01.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator for basic EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,538,687) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,941,479) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,674,268) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,081,326) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Numerator for diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,538,687) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(1,941,479) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(4,674,268) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(6,081,326) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator: </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator for basic EPS—weighted average shares </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,007,103  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,631,469  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,871,244  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,483,603  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Denominator for diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>21,007,103  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,631,469  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:10.20%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>20,871,244  </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:09.28%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>19,483,603  </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Basic EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.10) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.22) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:2pt double #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> <tr> <td valign="bottom" style="width:39.08%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> Diluted EPS </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.07) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.10) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:01.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:10.20%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.22) </td> <td valign="bottom" style="width:02.12%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;"> $ </td> <td valign="bottom" style="width:09.28%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(0.31) </td> <td valign="bottom" style="width:03.84%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.75pt;padding:0pt;">   </td> </tr> </table></div>   In addition, the Company did not include any portion of unearned restricted shares, outstanding options, stock appreciation rights or warrants in the calculation of diluted loss per common share because all such securities are anti-dilutive for the six months ended June 30, 2015 and the six months ended June 30, 2014. The application of the two-class method of computing earnings per share under general accounting principles for participating securities is not applicable during these periods because the Company’s unearned restricted shares do not contractually participate in its losses. As of June 30, 2015, the Company had 749,166 shares of common stock issuable upon the exercise of outstanding options and stock appreciation rights at a weighted average exercise price of $9.96 per share, 2,131,476 shares of common stock issuable upon the exercise of outstanding warrants at a weighted average exercise price of $4.99 per share, and 805,754 shares of unvested restricted share units. The Company had no unearned restricted shares outstanding for the six months ended June 30, 2015.<a name="eolPage9"></a> Recently Issued Accounting Pronouncements In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU” or “Update”) No. 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. To simplify the presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from that debt liability, consistent with the presentation of a debt discount. The Standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method. In August 2014, the FASB issued ASU No. 2014-15, to communicate amendments to FASB Account Standards Codification Subtopic 205-40, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The ASU requires management to evaluate relevant conditions, events and certain management plans that are known or reasonably knowable as of the evaluation date when determining whether substantial doubt about an entity’s ability to continue as a going concern exists. Management will be required to make this evaluation for both annual and interim reporting periods. Management will have to make certain disclosures if it concludes that substantial doubt exists and when it plans to alleviate substantial doubt about the entity’s ability to continue as a going concern. The standard is effective for annual periods ending after December 15, 2016 and for interim reporting periods starting in the first quarter of 2017. Early adoption is permitted. We are currently evaluating the impact of adopting this accounting standard update on our financial statement disclosures and have not concluded on an adoption method. In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" which converges the FASB's and the International Accounting Standards Board's current standards on revenue recognition. The standard provides companies with a single model to use in accounting for revenue arising from contracts with customers and supersedes current revenue guidance. The standard is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. The standard permits companies to either apply the adoption to all periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. In April 2015, the FASB issued an exposure draft related to the deferral of the effective date, which would delay our effective date one year. Therefore, the standard would be effective for annual and interim periods beginning after December 15, 2017. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method. </div> </div>

1200000

-12549718

-15891142

<div> <div style="margin-left:0pt;margin-right:0pt;"> 10. Stockholders’ Equity  The holders of common stock are entitled to one vote for each share held and to receive dividends whenever funds are legally available and when declared by the Board of Directors subject to the prior rights of holders of all classes of stock having priority rights as dividends and the conditions of the revolving line of credit agreement. Since the Company’s inception, no dividends have been declared or paid. Controlled Equity Offering The Company entered into a Controlled Equity OfferingSM sales agreement (the “Sales Agreement”) in May 2014, as amended on March 26, 2015, with Cantor Fitzgerald & Co. (“Cantor”), as agent and/or principal, pursuant to which the Company could issue and sell, from time to time, shares of its common stock having an aggregate gross sales price of up to $18.0 million. The Company will pay Cantor a commission of 3.0% of the gross proceeds from any common stock sold through the Sales Agreement. During the three months ended June 30, 2015, the Company sold an aggregate of 71,754 shares of common stock under the Sales Agreement, at an average price of approximately $1.97 per share for gross proceeds of $141,497 and net proceeds of $137,253, after deducting Cantor’s commission. As of June 30, 2015, $14.1 million of common stock remained available to be sold under this facility, subject to certain conditions as specified in the Sales Agreement. Stock Award Plans The Company has various stock plans that permit the Company to provide incentives to employees and directors of the Company in the form of equity compensation.  In August 2012, the Board of Directors adopted a stock incentive plan (the 2012 Stock Incentive Plan “Plan”) which was subsequently approved by the Company’s shareholders. This plan replaced the 2002 Stock Incentive Plan which expired on March 25, 2012.  On June 5, 2013 and on June 10, 2014, the shareholders approved amendments to the Plan, which were previously approved and adopted by the Compensation Committee of the Board of Directors of the Company. Each of these amendments increased the number of shares authorized for issuance under the Plan by one million shares. At June 30, 2015, the Company had 699,995 remaining shares of the Company’s common stock to provide for current and future grants under its various equity plans. At June 30, 2015, the total compensation cost related to options, stock appreciation rights and non-vested stock granted to employees under the Company’s stock award plans but not yet recognized was approximately $2.3 million, net of estimated forfeitures of approximately $1.2 million. This cost will be amortized over a period of up to four years over the underlying estimated service periods and will be adjusted for subsequent changes in estimated forfeitures and anticipated vesting periods.  A summary of the option and stock appreciation rights activity for the six month period ended June 30, 2015 is as follows:   <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:25.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:25.50pt;padding:0pt;"> Number of Options/SARs </td> <td valign="bottom" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:25.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:25.50pt;padding:0pt;"> Range of Exercise Price </td> <td valign="bottom" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:25.50pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:25.50pt;padding:0pt;"> Weighted Average Exercise Price per Share </td> </tr> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:18.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:17.34%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:24.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Outstanding, December 31, 2014 </td> <td valign="top" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>487,146  </td> <td valign="top" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $1.69 - $116.40 </td> <td valign="top" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>17.21  </td> </tr> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Granted </td> <td valign="top" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>330,850  </td> <td valign="top" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $1.88 - $2.15 </td> <td valign="top" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>2.11  </td> </tr> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Exercised </td> <td valign="bottom" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> -   </td> <td valign="top" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> -   </td> <td valign="top" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> -   </td> </tr> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Forfeited </td> <td valign="top" style="width:18.02%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(68,830) </td> <td valign="top" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $1.69 - $91.90 </td> <td valign="top" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.26%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>23.58  </td> </tr> <tr> <td valign="top" style="width:34.14%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Outstanding, June 30, 2015 </td> <td valign="top" style="width:18.02%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>749,166  </td> <td valign="top" style="width:03.30%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:17.34%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> $1.74 - $116.40 </td> <td valign="top" style="width:02.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:24.26%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>9.96  </td> </tr> </table></div>     As of June 30, 2015, there were no restricted shares outstanding. <a name="FIS_UNIDENTIFIED_TABLE_9"></a> <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:57.64%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.92%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:17.72%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> </table></div>         A summary of the restricted stock unit activity for the six month period ended June 30, 2015 is as follows:   <div style="width:100%"><table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width: 100.00%;margin-left:0pt;"> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:20.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:23.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:1.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:56.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:20.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:56.25pt;padding:0pt;"> Number of Restricted Shares Units </td> <td valign="bottom" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:56.25pt;padding:0pt;">   </td> <td valign="bottom" style="width:23.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:56.25pt;padding:0pt;"> Weighted Average Grant Date Fair Value per Unit </td> </tr> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:20.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:23.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> </tr> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Outstanding, December 31, 2014 </td> <td valign="top" style="width:20.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>697,751  </td> <td valign="top" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:23.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>3.14  </td> </tr> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Granted </td> <td valign="top" style="width:20.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>370,700  </td> <td valign="top" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:23.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>2.07  </td> </tr> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Vested </td> <td valign="top" style="width:20.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(197,800) </td> <td valign="top" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:23.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>3.36  </td> </tr> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Forfeited </td> <td valign="top" style="width:20.10%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>(64,897) </td> <td valign="top" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="bottom" style="width:23.58%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1.5pt solid #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>2.82  </td> </tr> <tr> <td valign="top" style="width:49.38%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;"> Outstanding, June 30, 2015 </td> <td valign="top" style="width:20.10%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left"></div>805,754  </td> <td valign="top" style="width:06.94%;border-top:1pt none #D9D9D9 ;border-left:1pt none #D9D9D9 ;border-bottom:1pt none #D9D9D9 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;padding:0pt;">   </td> <td valign="top" style="width:23.58%;border-top:1pt solid #000000 ;border-left:1pt none #D9D9D9 ;border-bottom:2pt double #000000 ;border-right:1pt none #D9D9D9 ;background-color: #auto;height:15.00pt;font-family:Times New Roman;font-size:10pt;text-align:right;" nowrap="nowrap"><div style="float:left">$</div>2.62  </td> </tr> </table></div>   </div> </div>

71754

4015

205999

-6081326

-1941479

-4674268

-1538687

2134187

1405475

728712

1405475

728712

2027395

1341120

686275

1341120

686275

19483603

19631469

20871244

21007103

19483603

19631469

20871244

21007103

EX-101.SCH 7 stxs-20150630.xsd XBRL TAXONOMY EXTENSION SCHEMA 00100 - Statement - Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00200 - Statement - Statements Of Operations link:presentationLink link:calculationLink link:definitionLink 00400 - Statement - Statements Of Cash Flows link:presentationLink link:calculationLink link:definitionLink 40202 - Disclosure - Summary of Significant Accounting Policies (Computation Of Basic And Diluted EPS) (Details) link:presentationLink link:calculationLink link:definitionLink 40301 - Disclosure - Inventories (Schedule Of Inventories) (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - Prepaid Expenses And Other Current Assets (Schedule Of Prepaid Expenses And Other Current Assets) (Details) link:presentationLink link:calculationLink link:definitionLink 40401 - Disclosure - Prepaid Expenses And Other Current Assets (Schedule Of Prepaid Expenses And Other Current Assets) (Details) (Alternative) link:presentationLink link:calculationLink link:definitionLink 40501 - Disclosure - Property And Equipment (Schedule Of Property And Equipment) (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - Accrued Liabilities (Schedule Of Accrued Liabilities) (Details) link:presentationLink link:calculationLink link:definitionLink 40701 - Disclosure - Accrued Liabilities (Schedule Of Accrued Liabilities) (Details) (Alternative) link:presentationLink link:calculationLink link:definitionLink 40801 - Disclosure - Deferred Revenue (Schedule Of Deferred Revenue) (Details) link:presentationLink link:calculationLink link:definitionLink 40903 - Disclosure - Long-Term Debt And Credit Facilities (Schedule Of Long-Term Debt Outstanding) (Details) link:presentationLink link:calculationLink link:definitionLink 41102 - Disclosure - Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis By Level) (Details) link:presentationLink link:calculationLink link:definitionLink 00090 - Document - Document And Entity Information link:presentationLink link:calculationLink link:definitionLink 00105 - Statement - Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 10101 - Disclosure - Description Of Business link:presentationLink link:calculationLink link:definitionLink 10201 - Disclosure - Summary Of Significant Accounting Policies link:presentationLink link:calculationLink link:definitionLink 10301 - Disclosure - Inventories link:presentationLink link:calculationLink link:definitionLink 10401 - Disclosure - Prepaid Expenses And Other Current Assets link:presentationLink link:calculationLink link:definitionLink 10501 - Disclosure - Property And Equipment link:presentationLink link:calculationLink link:definitionLink 10601 - Disclosure - Intangible Assets link:presentationLink link:calculationLink link:definitionLink 10701 - Disclosure - Accrued Liabilities link:presentationLink link:calculationLink link:definitionLink 10801 - Disclosure - Deferred Revenue link:presentationLink link:calculationLink link:definitionLink 10901 - Disclosure - Long-Term Debt And Credit Facilities link:presentationLink link:calculationLink link:definitionLink 11001 - Disclosure - Stockholders' Equity link:presentationLink link:calculationLink link:definitionLink 11101 - Disclosure - Fair Value Measurements link:presentationLink link:calculationLink link:definitionLink 11201 - Disclosure - Product Warranty Provisions link:presentationLink link:calculationLink link:definitionLink 11301 - Disclosure - Commitments And Contingencies link:presentationLink link:calculationLink link:definitionLink 11401 - Disclosure - Subsequent Events link:presentationLink link:calculationLink link:definitionLink 20202 - Disclosure - Summary Of Significant Accounting Policies (Policy) link:presentationLink link:calculationLink link:definitionLink 30203 - Disclosure - Summary of Significant Accounting Policies (Tables) link:presentationLink link:calculationLink link:definitionLink 30303 - Disclosure - Inventories (Tables) link:presentationLink link:calculationLink link:definitionLink 30403 - Disclosure - Prepaid Expenses And Other Current Assets (Tables) link:presentationLink link:calculationLink link:definitionLink 30503 - Disclosure - Property And Equipment (Tables) link:presentationLink link:calculationLink link:definitionLink 30703 - Disclosure - Accrued Liabilities (Tables) link:presentationLink link:calculationLink link:definitionLink 30803 - Disclosure - Deferred Revenue (Tables) link:presentationLink link:calculationLink link:definitionLink 30903 - Disclosure - Long-Term Debt And Credit Facilities (Tables) link:presentationLink link:calculationLink link:definitionLink 31003 - Disclosure - Stockholder's Equity (Tables) link:presentationLink link:calculationLink link:definitionLink 31103 - Disclosure - Fair Value Measurements (Tables) link:presentationLink link:calculationLink link:definitionLink 31203 - Disclosure - Product Warranty Provisions (Tables) link:presentationLink link:calculationLink link:definitionLink 40101 - Disclosure - Description Of Business (Details) link:presentationLink link:calculationLink link:definitionLink 40201 - Disclosure - Summary Of Significant Accounting Policies (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40601 - Disclosure - Intangible Assets (Details) link:presentationLink link:calculationLink link:definitionLink 40901 - Disclosure - Long-Term Debt And Credit Facilities (Revolving Line Of Credit) (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 40902 - Disclosure - Long-Term Debt And Credit Facilities (Healthcare Royalty Partners Debt) (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 41001 - Disclosure - Stockholders' Equity (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 41002 - Disclosure - Stockholders' Equity (Summary Of The Option And Stock Appreciation Rights Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 41003 - Disclosure - Stockholders' Equity (Summary Of The Restricted Stock Unit Activity) (Details) link:presentationLink link:calculationLink link:definitionLink 41101 - Disclosure - Fair Value Measurements (Narrative) (Details) link:presentationLink link:calculationLink link:definitionLink 41103 - Disclosure - Fair Value Measurements (Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Liabilities) (Details) link:presentationLink link:calculationLink link:definitionLink 41201 - Disclosure - Product Warranty Provisions (Schedule Of Accrued Warranty) (Details) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 8 stxs-20150630_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 stxs-20150630_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 stxs-20150630_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document and Entity Information [Abstract] Document And Entity Information [Abstract] Statement [Table] Statement [Line Items] Document Type Amendment Flag Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Entity Registrant Name Entity Central Index Key Current Fiscal Year End Date Trading Symbol Entity Filer Category Entity Common Stock, Shares Outstanding Balance Sheets [Abstract] Assets Abstract Assets Current assets [Abstract] Current assets: Cash and Cash Equivalents, at Carrying Value Cash and cash equivalents at end of period Cash and cash equivalents at beginning of period Cash and cash equivalents Accounts Receivable, Net, Current Accounts receivable, net of allowance of $119,620 and $131,464 in 2015 and 2014, respectively Inventory, Net Total inventories Inventories Prepaid Expenses And Other Current Assets Prepaid expenses and other current assets Total prepaid expenses and other current assets Assets, Current Total current assets Property, Plant and Equipment, Net Net property and equipment Property and equipment, net Intangible Assets, Net (Excluding Goodwill) Intangible assets, net Other Assets, Noncurrent Other assets Assets Total assets Liabilities and Stockholders' Equity [Abstract] Liabilities and stockholders' deficit Current liabilities [Abstract] Current liabilities: Accounts Payable, Current Accounts payable Accrued Liabilities, Current Total current accrued liabilities Accrued liabilities Deferred Revenue, Current Total current deferred revenue Deferred revenue Warrants and Rights Outstanding Warrants Warrants issued Liabilities, Current Total current liabilities Long-term Debt, Excluding Current Maturities Total long term debt Long-term debt, less current maturities Deferred Revenue, Noncurrent Less: Long-term deferred revenue Long-term deferred revenue Other Liabilities, Noncurrent Less: Long term accrued liabilities Other liabilities Stockholders' Equity Attributable to Parent [Abstract] Stockholders' deficit: Preferred stock, par value $0.001; 10,000,000 shares authorized at 2011 and 2010, none outstanding at 2011 and 2010 Preferred stock, par value $0.001; 10,000,000 shares authorized, none outstanding at 2015 and 2014 Common Stock, Value, Issued Common stock, par value $0.001; 300,000,000 shares authorized, 21,066,848 and 20,480,874 shares issued at 2015 and 2014, respectively Additional Paid in Capital Additional paid in capital Treasury Stock, Value Treasury stock, 4,015 shares at 2015 and 2014 Retained Earnings (Accumulated Deficit) Cumulative net losses incurred since inception Accumulated deficit Stockholders' Equity Attributable to Parent Total stockholders' deficit Liabilities and Stockholders' Equity Total liabilities and stockholders' deficit Allowance for Doubtful Accounts Receivable, Current Accounts receivable, allowance Preferred Stock, Par or Stated Value Per Share Preferred stock, par value Preferred Stock, Shares Authorized Preferred stock, shares authorized Preferred Stock, Shares Outstanding Preferred stock, shares outstanding Common Stock, Par or Stated Value Per Share Common stock, par value Common Stock, Shares Authorized Common stock, shares authorized Common Stock, Shares, Issued Common stock, shares issued Treasury Stock, Shares Treasury stock, shares Statements Of Operations [Abstract] Revenues [Abstract] Revenue: Aggregate revenue during the period from the sale of systems in the normal course of business, after deducting returns, allowances and discounts. Systems Revenue Systems Sales Revenue, Services, Net Disposables, service and accessories Revenues Total revenue Cost of Revenue [Abstract] Cost of revenue: Total costs related to systems produced and sold during the reporting period. Systems Cost Of Revenue Systems Total costs related to disposables and accessories sold and services rendered during the reporting period. Disposables, Service And Accessories Cost Of Revenue Disposables, service and accessories Cost of Revenue Total cost of revenue Gross Profit Gross margin Operating Expenses [Abstract] Operating expenses: Research and Development Expense Research and development Selling and Marketing Expense Sales and marketing General and Administrative Expense General and administrative Operating Expenses Total operating expenses Operating Income (Loss) Operating loss Other Nonoperating Income (Expense) Other income Investment Income, Interest Interest income Interest Expense Interest expense Net Loss Net loss Net loss Numerator for basic EPS Net loss per common share: Basic EPS Basic Basic EPS Diluted EPS Diluted Diluted EPS Weighted Average Number Of Basic And Diluted Shares Outstanding [Abstract] Weighted Average Number Of Basic And Diluted Shares Outstanding Abstract Weighted average shares used in computing net loss per common share: Denominator for basic EPS - weighted average shares Basic Denominator for basic EPS - weighted average shares Denominator for diluted EPS Diluted Denominator for diluted EPS Statements Of Cash Flows [Abstract] Net Cash Provided by (Used in) Operating Activities [Abstract] Cash flows from operating activities Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract] Adjustments to reconcile net loss to cash used in operating activities: Depreciation Amortization Expense Amortization of intangibles Amortization of Financing Costs and Discounts Amortization of deferred finance costs Share-based compensation Warrant adjustment Adjustment of warrants Increase (Decrease) in Operating Capital [Abstract] Changes in operating assets and liabilities: Accounts receivable Accounts receivable Inventories Inventories Increase Decrease In Prepaid Deferred Expense And Other Assets Prepaid expenses and other current assets Other assets Other assets Accounts payable Increase Decrease In Accrued Liabilities Accrued liabilities Increase Decrease In Deferred Revenue Deferred revenue Other liabilities Net cash used in operating activities Net cash used in operating activities Net Cash Provided by (Used in) Investing Activities [Abstract] Cash flows from investing activities Purchase of equipment Purchase of equipment Net cash used in investing activities Net cash used in investing activities Net Cash Provided by (Used in) Financing Activities [Abstract] Cash flows from financing activities Repayments of Secured Debt Payments of Healthcare Royalty Partners debt Proceeds from Issuance of Common Stock Proceeds from issuance of stock, net of issuance costs Net cash provided by financing activities Net cash provided by financing activities Net decrease in cash and cash equivalents Net decrease in cash and cash equivalents Description Of Business [Abstract] Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] Description Of Business Summary Of Significant Accounting Policies [Abstract] Significant Accounting Policies [Text Block] Summary Of Significant Accounting Policies Inventories [Abstract] Inventory Disclosure [Text Block] Inventories Prepaid Expenses And Other Current Assets [Abstract] Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Text Block] Prepaid Expenses And Other Current Assets Property And Equipment [Abstract] Property, Plant and Equipment Disclosure [Text Block] Property And Equipment Intangible Assets [Abstract] Intangible Assets Disclosure [Text Block] Intangible Assets Accrued Liabilities [Abstract] Accounts Payable and Accrued Liabilities Disclosure [Text Block] Accrued Liabilities Deferred Revenue [Abstract] Deferred Revenue Disclosure [Text Block] Deferred Revenue Long-Term Debt And Credit Facilities [Abstract] Long-term Debt [Text Block] Long-Term Debt And Credit Facilities Stockholders' Equity [Abstract] Stockholders' Equity Note Disclosure [Text Block] Stockholders' Equity Fair Value Measurements [Abstract] Fair Value Disclosures [Text Block] Fair Value Measurements Product Warranty Provisions [Abstract] Product Warranty Disclosure [Text Block] Product Warranty Provisions Commitments And Contingencies [Abstract] Commitments and Contingencies Disclosure [Text Block] Commitments And Contingencies Subsequent Events [Abstract] Schedule of Subsequent Events [Text Block] Subsequent Events Basis Of Presentation [Policy Text Block] Basis Of Presentation Fair Value Measurement, Policy [Policy Text Block] Financial Instruments Revenue Recognition And Cost Of Revenue Policy [Text Block] Revenue Recognition And Cost Of Revenue Policy [Text Block] Revenue And Costs Of Revenue Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block] Share-Based Compensation Earnings Per Share, Policy [Policy Text Block] Net Earnings (Loss) Per Common Share ("EPS") New Accounting Pronouncements, Policy [Policy Text Block] Recently Issued Accounting Pronouncements Computation Of Basic And Diluted EPS Schedule of Inventory, Current [Table Text Block] Schedule Of Inventories Prepaid Expenses and Other Current Assets [Table Text Block] Prepaid Expenses and Other Current Assets [Table Text Block] Schedule Of Prepaid Expenses And Other Current Assets Property, Plant and Equipment [Table Text Block] Schedule Of Property And Equipment Schedule of Accrued Liabilities [Table Text Block] Schedule Of Accrued Liabilities Deferred Revenue, by Arrangement, Disclosure [Table Text Block] Schedule Of Deferred Revenue Schedule of Debt [Table Text Block] Schedule Of Long-Term Debt Outstanding Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity [Table Text Block] Summary Of The Option And Stock Appreciation Rights Activity Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block] Summary Of The Restricted Stock Unit Activity Fair Value, Measurement Inputs, Disclosure [Table Text Block] Assets And Liabilities Measured At Fair Value On A Recurring Basis By Level Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Liabilities Schedule of Product Warranty Liability [Table Text Block] Schedule Of Accrued Warranty The total number Niobe ES systems installed system upgrades number Installed base Schedule of Share-based Compensation Arrangements by Share-based Payment Award [Table] Award Type [Axis] Share Based Compensation Arrangements By Share Based Payment Award Award Type And Plan Name [Domain] Share-based Compensation Arrangements by Share-based Payment Award, Award Type and Plan Name [Domain] Restricted Stock Units R S U [Member] Restricted Stock Units [Member] Share-based Compensation Arrangement by Share-based Payment Award [Line Items] Share-based Compensation Arrangement by Share-based Payment Award, Award Requisite Service Period Share based compensation, requisite service period Options To Purchase Common Stock Number of Options/SARs, Outstanding, June 30, 2015 Number of Options/SARs, Outstanding, December 31, 2014 Stock options and stock appreciation rights Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price Weighted Average Exercise Price per Share, Outstanding, June 30, 2015 Weighted Average Exercise Price per Share, Outstanding, December 31, 2014 Weighted average exercise price Warrants Common stock issuable upon exercise of outstanding warrants Weighted Average Exercise Price of Warrants or Rights Weighted Average Exercise Price of Warrants or Rights Weighted average exercise price of warrants Restricted shares outstanding Number of Restricted Shares Units, Outstanding, June 30, 2015 Number of Restricted Shares Units, Outstanding, December 31, 2014 Shares of unvested restricted share units Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average, outstanding Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average, outstanding Unearned restricted shares outstanding Numerator for diluted EPS Numerator for diluted EPS Inventory, Raw Materials Raw materials Inventory, Work in Process Work in process Inventory, Finished Goods Finished goods Inventory Valuation Reserves Reserve for obsolescence Prepaid Expense, Current Prepaid expenses Deferred Finance Costs, Net Deferred financing costs Deposits Deferred Cost Of Revenue Deferred Cost Of Revenue Deferred cost of revenue Prepaid Expense and Other Assets Total prepaid expenses and other assets Prepaid Expense and Other Assets, Noncurrent Less: Noncurrent prepaid expenses and other assets Property, Plant and Equipment [Table] Property, Plant and Equipment, Type [Axis] Property Plant And Equipment Type [Domain] Property, Plant and Equipment, Type [Domain] Equipment [Member] Equipment [Member] Assets Held Under Capital Leases [Member] Equipment Held For Lease [Member] Leasehold Improvements [Member] Leasehold Improvements [Member] Property, Plant and Equipment [Line Items] Property, Plant and Equipment, Gross Gross property and equipment Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment Less: Accumulated depreciation Finite-Lived Intangible Assets, Gross Total intangible assets Finite-Lived Intangible Assets, Accumulated Amortization Accumulated amortization Employee-related Liabilities, Current Accrued salaries, bonus, and benefits Accrued rent Carrying value as of the balance sheet date of obligations incurred through that date and payable for license and maintenance fees. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Accrued license and maintenance fees Interest Payable, Current Accrued interest Product warranty accrual Warranty accrual, end of the fiscal period Warranty accrual, beginning of the fiscal period Accrued warranties Accrued Income Taxes Accrued taxes Other Accrued Liabilities, Current Other Accrued Liabilities Total accrued liabilities Square feet of office leased space. Square feet of office leased space Square feet of office leased space EX-101.PRE 11 stxs-20150630_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R39.htm IDEA: XBRL DOCUMENT

Deferred Revenue (Schedule Of Deferred Revenue) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Deferred Revenue Arrangement [Line Items]
Deferred revenue	$ 7,199,306	$ 7,634,335
Less: Long-term deferred revenue	(856,854)	(976,165)
Total current deferred revenue	6,342,452	6,658,170
Product Shipped, Revenue Deferred [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenue	210,360	457,348
Customer Deposits [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenue	41,779	1,065,371
Deferred Service And License Fees [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenue	$ 6,947,167	$ 6,111,616

ZIP 13 0001193125-15-283210-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-15-283210-xbrl.zip M4$L#!!0````(`".(!T9.WAW$L@RD19C)W][_Z<_ MOOUSN?RO#]=?#)M;P8BZOF$)2GQJ&X_,'QKG5/CX\+-K58PK_D@%M-R/C7/! MI>PS08UFQ:Q5S'JM4C7*Y1#@!R*A&W<-!1F:XY;S$#AW>T;GM'U:JYI-PS1[ MS6;/[!IG7W7'IWOA&$""*]^=#'W?ZYV>/CX^5O!QA8L!O%6MGS)7^L2UZ(GN MV7.8^^.9[MA\#WA%W9^F^C_656^SV^V>JM:X*P"R6=PW#;=UJANCKC:=Z">I M51GPAU-H0&(;Y:I9KIMIR&P%&J7_E&6)]$$BW"=/3%8L/E+\K+;JU>@%)GFC M9K:?&T+WB%X`Y1@0XL4O](F\5YW#!C5"EHC`%W/A=T^A-:96LED,AV[FZ;^^ M?KFQAG1$RC'-H`F&\18%T9.JZ9KV#268GC_VZ+L3R4:>@[Q1SX:"]N$9<*@< M<:'R).T3XU0#0NWCKD^??..&6CY8AE(V:+'"Q\Q^=W(F[R[[=ZV[>O4.H=R% M9-]](DS\2IR`?AC'?_Z=44&$-1Q_H0_4.0,93'?_['J!+U6'^E_$2&(Z\O/4@;4_DK&9A6PJFE`FD&`/Q@HO!K^@M_, MQB=]P,Y0C*-9E0DU\OSS/T[>5X'WM4ZWWJB^/4U>2T!).D"G$#^`1UKA>_3) MGH;[NE_*>!8-`^K?` MBN'M([\=\D`2U[X=,@@PU"TT>JL:O8PPCE+-:X6/7EFCEW2+A8_.O?(6/CI' M>(/MJLW=5-U/-&KG*1(W32N4@[MN>D&V6S!E/4@]3>PDOG2*5W[*5SK.=% M*KVGB4?AI8M<^L!4>K^]]$4@"*Y7WYEWIIXTWO(9,\B;(1%4;;V<\Y$'3%,O MJ:?R+/"'7+#_4ON[:U-QXW/KQZ6'[5<.<>6'\<^@&8(_X+X]'VTQ5(%C4F>QAVI:Z>ZZ4E:]&P?%6LH M*"U4*\N)0KG6HUR?>"`*W7^?+Z MYOLAZ4J6IKP+;D:N6$CN,%;!"CD>RBQOGH\]%]1F_B=BJ87?"3$_<.>!N8-L MGXE8GDSFHB=?FI1A8MXCP+1:70D.`/PQ MIB#^F6M__#U@'F+X83SE3KY0F$T/N6-_'GF"/U#L)O=#>Y8@,Q'I,W0>MH#C MM@,4Z@1MARW(,RFI+_].';V^=4X\YA-'Z?4A&NQB>&9\^*9-W5@ MHW#-VW;->9!DX9NWYYO7//F>V'';N)QRN%4T+SNYH/?^9V"R4)]3)^O%Y_R1 MNM@X_V395]"%0"A?_H%()K-^3_IL!&A>]N,WXC\NF+07C*B8/:U!2WR*#V7T7SXT6W\`W4T7C%PD,= MM<G8]9W0T'>I;_%.P1R.$LJY)PO.:\EEC]K MSH=^:T+NKB?8_`K745XEL!_?[&_!;Q<&?7CWC106G5N+WLY?%O:.7 M]T.6BTD-);P$K8WL4Y\Z!/6_H*$UQ M"G+#IR#7YY*7G)`69RFV?)8B!W=]KTL5BB,8VSJ"L1=*4]0BS-UAW,)3'JS2 M'YCSW6]+.+:8T)AE'CM?G9SD2&/['&FD.;+[I>C).YV6X4ACO2XTYQQ9[I:K M]7"DF>)(,[?W?C67XTAS'25BS%!)3'476K''MLD0H7;9%HLVWHQ[M?EK8:JZ M,&:T@U5(=C.E8+3(%I:",==AM)V[-LJRAH+MP'_5WX5><`A/Q=1;FP9.T^4K6MUMWUGQEZV&[GZ-9]]3D=8$HITV M\^GH[6GT2`/'%V>!:$Z!"'S1D[_W_64A-*8@8(Q@/0_^7!9&8L(V>P"1)%S$ M?M\@*H%.\,SR1@282=ZHF>W>]YN+[&B:P[/?5V`OJ,M'S)T'6%,A59"G M0;P]35$PG^#:%-/FTC$?R!S&ST(Y#014ZS;P'#JI6_#\HZ,.ITZVV)3USJ#! MQL9/#AD8H:Y>T_YB@^T31X(F3`%)8)\'0N!#)BWB_)L2\5';R4K#E*/@^1S$ M9,P+;JED1W>Y4H;X"9[)E0;]9TV/-Q?:O`$1I]6'P_^?-6`,;7HXCLEO^9'0%!)(`_*G]\#L\%<3Z[-GWZ!QVO-$+:X<^%.#4@ M'XVXJ[YQU(5O+P,?XYG-W*S^3X9B`TU-M6@K-6QJL1$8P;N3S]\^`5_-:JMM M=CL97)X9;!*Q3\S!N^!].N!B-3[<`!;PKJ%OL4(ZL+PO<<=I5#+@)\>^I@,& MTP2(ZO@MZ&J#^U10[A.87)2,SZY520^:A9N,>BL(LN!F/+KGSDK#8234(V1@ M:-`J3)Y9E@BHK:[3OZ5"^7$`>,ZE/\?$_*NI05>/7G?-)MFO8,IPH(Q MET3MFHX(5\I!9L["S` MT>RVZJUZ(\)R%2S6B_WLC;H%V'>K]6Z[O7OD9X?V!IK-,/DV*XW( M.)?BU;'P=O)LV1;8F+IX]S?F#[^[_%Z"KJ/2:\JN*3`33R$K)EYC*,0XHV[I MC:D"&P!@JL=*4^H%YEC&N5JW-DGC^G'.'6>V:Y]3?&^!#V\6;%^?Z4YQN`%A MLKU5#H?EGK]1_SD])9?4X^,=S6];DSE*#&92Z*;)E!`&[,_/GFX MV",A^[[TAU2$VPNZ/NL=;(.^#`WG.2HN4OSC^&YL]_#+PWQCAWX;TQPY] M=S(B8L#L]]GX_FMVONS6@FUH^!X(%K(]U<](R?2.#S-T.J7P""@<*0>1/4 M:OJ\K-RPCZ'^J52;T-UA+BU'T,SFSV_ZH"7E/ADQ9]R[92,JC6_TT;CF(^). MC,H?J.@[_+$W9+9-7?VF9/^E4W@H1+`YPL6&Z:-#QCV#N8B`[OP+&7EOW'OI M*=4XQ?Z1GIQZ6:&=^O9<*6I63PC2;%4ZU4*0KQ=D5D:O%4NU7:EW"K'D32QF ML](LQ+)-L>C?XH`C57.[,HNE9!31Z;"%=V01Z7A$D?LH=!"B./C(4VM4VLV\ MBNG@(D\%^&5([C#;^$EOS.=`?KCL459LZ.$R"Q6K2301H-'Q_)4$J%Y]U./< M<\=.P>I$=/Q?`-RH5TL&+KVL7\1YCVB[E^\AQ;C"_E:VOPMJZ>_/ZJ:RP<9* M-GCP\3/7:TY&8'S]G&5XAN;8YT6A!Y#W''(H?9T:PPB&+*EF\QI1(, ML[IBAJ$ZA[NQ!@VW8_=@HI83D=4KM68L-11@.EE4N&Q/E)JNT%%I[/\G995K M^:O>JI6:W=KQ3?,.P_4>]<+E<=AJJ]TMM1O58A*XUQ$Y^O[&Z#/\`$Y_E2C] M(X[,R[';G&G6)S#DHR#>NQ/][_@`5^IX%SA;XO>0Q+CU-#Q"UNBT2JU&+;&Q M(LX5<>XX-+];*]4[S46:7\2/_,4/7>^NB!<[L!JS48=)4KN(%T6\V(4HLG.+ M'=I!W31+S=;"O.D8HL=6CW"L;_:!@VBR_@WD2'H[-*16N]1N M5X\EGN3WN%/.X\GF=/_`EMJ,1)+E8J%LKR)=3H1*U5:UU*J:QQ*ZCGLJ5"A_5OD;G7JIU5FX#E`$E;P%E2]4 MRI[QC;N6_AX]/_$E;]GAKHWL+_6:6:I7NW\MXLKAQI5"Z2>5OM,I=9K5.4I? MQ)/%!I$2R7\"Z;/^6#\*?_3PYEE19C;E`Y#/,&^3FB@N[N]XMU8H3>T<8-@MSS9&YFJ5JMU'JU-NO66_4/_'2J6"EUSOE:*L?>:S)==H]PP&]UVC/'2**00CRL?)%><3[ZBKLQ\ M\57FZEKUAIF^AV_9,3-HJBU/O)=SX*J+XT&3,O="7X%_M<8[OJ!NTN#->B5T ME`;^VZQ5P)LUF?64J!C5ON,>0^,B66=X^^Y`_2U?,F`6_%\43WYZ`KL[?W-V//7RDO4 MJ'N0*I1PR/"P9`V(`,8@6AR&SPT*$^01EKR"H&I(ZCBH.YZZFQW,$M(_ZC#( MA-7AD9$'5+G:8(EQ#XT./)<$TDI4Q< M?9S0AMLA8"3T9:V3]`L(",*.S0CIL*CP(;P8U`F55I&+59#.P,F/!@ MH.@=H6!!Y+XQ)$!-PC(]NT_#02ZG()6RC'LD:Q1S7V">928<@%Q'6'@]Z,X<6^`_)40%!OA#-&*'@1-A^!N"TFK&"$U;HL M*D.AQ`A!I.>@=GS([E%'%0Q)(XZ!V)@=$`=8`ERW%0^(`U&:*$0CX0%&V/N! M",8#^8S\,/3$^A!S)P)S3R/@($+`2?$#"\T`D?=$HES=\`6':/T-CKJ+:);10\$X$_G$Y.*20;KS*VL":3$(5*(11]DJJ2( MN81#(VZH`LB.0W1$A$36HEGI_0Z^'XL/VSK\&SK\AZ^!U"K&;T.(R&DXR*PP M=,"`DNF*"Q'OK4""@Z2BE#@9F/2&.(9BG:%\$'`]I00QCI*FE4,:-E=Y`#0[ M@8USG"Q284C"<*TF@-K-^8%P48L>F$,'.C8F4=SF@`O"C)&)<08KELR/BF?` MKS"1<*'9QZ*70LV3P>Y]\*RIPI*0:`B*!4.0*I.1,%\%4E41XD!% M=DPIX`UX&;0+$V)51!CM/YE3`6^(,8HF.*$K4I:;4H(2:DZ,(:)`1AC44(MP M43G,M!6*.&H*04,7NBY%@I1HVI"E*?P@CH\I$?-H58-BN%"LAEP"0KKN$GDJ M[RUH2#GDEI;$Y:"]"=3 M`/2E'J94(%9?&2>@3\.)+)I!J/RA383M*7[`V\`OA0-W@4#0IRFTI))`DI/% M.1MDG&`6R$^U"0?8(MTQ;,W\D-U`.:./H0`#SR:AZKD4*25B7#$^ZRP0X@W( MW!JB_)7YQ%,J92I#8FM4":`'4P67C1"[?A]S9>Y.:CYJ"0L!*WR41,)4/LE5 MXS&8=@X.^T$U.S0BDQF^AM@/@*UTZUGI[K+.>'TIBCZ)Z]0.VH8I@.7']J`^ MRBYE?;8#'DJD-VMUGT2_'G5]H7'4@ET9^C#0,W"2N@@M/IQE=>H=I?0R_!&Z M.YR6HLII><-8RG[1XBK)LEE*]Y>A+++&F8AK5[74V)GL_%F/FP7XJ*.TVNZV MEU/#36PIK+P6G%I'5F6G/Z!'P0`-="HE2:UQ?1@G7:[(6-5D`4;;'V&ZZ8^3 M0BU2;6/<@K5>ZBIPWSC$;=!2^S=E*=0^P^`RH//J::]6L6VJO':TEKY3@M*, MA21/8&5@D,(%'7$TP5`TN,DS@HQ855ZV;SRR4N'`24XT)_=`:LG&PFI(S,'^ ML@]^EVX&V>8<9*?&G(-;5+>:V@!>+_OH_@O17:JH]Q1OZ[/170:--`7A6O:5 M=F9A0;?Q.=<*A=!6VJZY,O\=(;48TT^C6VJOQ9?V:4FMT.F9ESVSB6_[Y5^S^@O+.UZ2I& MPTNDE$RZRK&36L^FXVR:OW_<`4B(EV29%2J(D])'H M(O#P#KP#QT^R0^_78$,(<\ MK]>II#;CT;MLG9U#/(S)ET0;CX$7.<=\QB]]CDMCD'!W;$^)7MQ0(K;4=V?# MB&C,[9&,G:3`SPV*%G:ON#%D99"E.H95^1#`)OOH\O$$B_&@,G!?)M.B.!,% M0?03-U-N,-*5\=79.+G=78&'C;G9=WMFI[=%'PKX7`.]:F=3];!GFTJ070-W MU.W>P%%BZ9I8C$'/[O29L:,32^-C?IWW5%T^P*.\TR[/:'80=BF'/=O"P;JN M>[@NV^6)>;5CM[(BN%F3DW/*.QZK=UP#X]2V:]S>)1)':[>-L4#7H*0IM]@- ME+2V?:(RKTW,:\+UXZ=KE>MQN(MW#:24,^FJ,Q&`!HRK1&0_,.H0CCDMH:`IOZ'\Q@%IOJ4YKR?@RF]T MU6]D5_XL'Z=4GF-'$.J6K@T&JH"E/,?):;YC:WU[H#S'H7J.A#XII[&?H,L< M:OVA*E,IIW%JFF]9I@:.0SF-0W,:XBK(`W`61XDG:^H#;3#L*W^A_,7I*;^A MFYKM#EMV&6L%HKS&5G"2Z>I56;OR)!T\-+#/14)-!T]B6:[R)*?@293R%Y6_ MKPU-7=-=M>&JW=.W?Z0\\<^1`A( M@S>)[]$!J6BN;(5O^EK?U7]1;N=XW8Y2^265MPT;?,_@&:57B4MG$Q=/0M(? M:`)CPO>C*,7;>/=\;<>Q'/Q:O,),RM1\F7?G7][0+>S+Y-JF+GQY4)>"_37083IBPS86`*-(E0F`F\* M%%(!Q'C'&*(M>@AED8')1G@'_SB"G"\#,,5[SJ`!QF'$`IRAMST6=@TK\3J- M,^30F<#G1?#9,?5RM`*$D<\2F,?X?W@1S]9'@D% M,Q(@GI?$_'P2J(/PV8KMU:6T;X(_U1LW0[A`),/S5P*$(1(8:N)X5N.VC>V0 M.)*8=!(X1`(V9K!T!.$2V!R45.(DX\,)PJZ/4;,M"5J=`PM/HE&.JKY$O_23!\FK;'S( MTI^HP8TI^DO?`"]C#9H/#44L:,J3"H%1+-*,/+U`H'`<]@V;)MGEJKHFY-TC MY^*;_&YC,;UI&2SV)`*7\L8ZBYEM.XH1ZIY^S*_31&$VT(!_0BIM!% MEDVN@AT9YJUE5(.)L_J685G/$IKUL2$=E='23'-H&<9P,S*^,X_YC_BSKRQI M@RF./=#MX1IJUO74B*;*#')M(,A8(Z=*)*&B787@LMD/W*/9B#F695J.72)D MJ?D-NJ_,!]L<]H=F[=X+5M:&@O0A1S#L53)6N]FCIIS#0(%HV!4YZY6R%K9X.M+"%P!P/3Z&]]J*.1P#^GP3?JPSQ[0:>^ M*&4W$)-M.Z9MN'K1G:WO9E-:JOL3V^V[UM`QZI*"2'QX-\?G*+Z,TKMDG`:K M+KF5B<`R[)*_K=-SNT17GSV,H6/J[=!<4-GK\6K:S\9K/CO>OFXNFNJKJQK"_:O>MZLE6P,(KJDG[XWM53;8RW,I:\I%R MGU^/L[`'W/"W*/"]F?RS8_C?!4QL8I@]LV.K>OA=#@>^KN8K6(UE[6^%=3I2 MI?K[/!]J+]-UB6%E]N!:!_6R!3PL\*!**-T7SJX"1FD/WB&.YFY/?>3:\>XXZ5D\J^4(\-AI%`(U\'"(+`EP MG1JB%K$^4WP@A'2*\@>(PP,9%1>3A+KPBB`G#10<.AMY'O0)BC1$CW) M`TV`03-0+L*>ILP3>IGU)];L91]%H$#9#_P&?S=.$W0'T9SH;$2]7<\`>[5P MSM;84\&HT9PDVT7%"`4$]/"'*`T0&@(^I\*B00'_2$-/+NWEYD?#,(7FGFU8 M-I8IM6BFL*PLUN/^XPE$-GS/R;ELZCN;0EX%.CXWY?^I(G0;5S;'?E!_8&>_H:_\+RW2,-4`3GR06-8YS91;#R4L!LO5Y]M4ZKY_M=MO:K]^(-]$V`G)4HP;YB!R$7^W6#]_:QFN:QOF M:X)83\B6AE"ONO[6;;XQODV'F;O?TKQP_0%I+^:[1JPI[WE1*M]W3!.2B,;O&&[KPOVL4QHG,[$=/Z#^A.$N MY=`HAW3_MWF5!1H*?)C2L^H"/ID&B=BEC'6'*$CSRLB4R;E"I)XPR20LA-QR M&D<>8_@%ASPS"$0Y0U3`*,%&8LR!V7C,/)'"8ON+W'@:<;&?0)N7.'`GN:Q. M8/D*N@I\F.I&N%$W*X9DG*ATMF!+^6B]*6MUNHO"FP2^^$;CZ_@&RP,CX5]A M)K]YH#4C?VME/M9[>BF1>KW#-BA\UE]LE4#Q+3]/DXN$!V MK%?F=K=\R3Z_%WF.?#M,TXVW)T:V`78[]B1[5IL#?:*S,< M0/AIMD7#1L%Z'W?*E2>U%OA0CP9S:%NF8U6BX9+=)9V/KOM=C:Z'/7'AS=L? M>.$-LE+&US&$00GY/#_UM^,86RR[S%=D7@Y9K:T&K((E43F]Q*4ZGL=PXPAW M/>(9ZJT$Y'5&UX%D8E-2*0GI!-K^?'5S^_O7J\M/7W]"X+LP#S.4N(]'BS,WV?/9ZN%'B@&G7+V M+G_Q7C8,6HA1XW^^7YY9RARI=768Y?3ZG;[(9;=W/Y1[G=\$4>$BB`9Z5??J MB%4I@H,8Z$J*S:6X\74>JS+1S5Z_TY>SGZ!,#+-GJ=FN6S+1[=ZPT_`=)R@3 MP^Y92B;=DHEN]0SE3[HE$V4GNY:)?-_@KN3.)SP=ORNYUNUX.TB*@(>028.H MK;.7)D]@S8'+JTS[OEG+?S<>/>Y;G=BRR5X778 M\%;VP=H%R[Y+;S4W05N5SKU+3AE59T6S)\>D4C:5LNUKLX@J MR:P1W[D`CE`IVZEXQK9WEBBC6F-4>`J7B)W]*FL[%<-J>XE=&=;.O)7*XY11 M':YP]N6M5"JG4CFU^G;H4ZQ*U;HJ&;6ZUEG1J#2LJY)1E?_.BD:E65V5C#*: M/8E&I5`M[^)HG`O_-Z-!\N#AM4G?HQF\GI%O-$Y"%G,R8G?-2D^2R:>SS&7U MS/Y&]CH9]6UK6!J'?C M"M<;Y.$LD54S%F.MY9U!ES]C.OUP)O^>7P52N"@$)$"3=SC*Q?4DV2U"!>N8 ML[^)01Q_1G4P^G^\1??#=DA57Z%I#@::Z]0[35/-3D\JB3LPQW4XAKMGQY59 MQRN.2V5G>U[@:IS-_8@05GF7>5L'BR9'%"2JK*F[SN=05JN.R!R./V6[55TU1Y9'=- ML^TE"F6::MNC,EQEN,IPMV.X2WFM?(LPILL+J_FWK>*[FCO'HA7&NEAYSO!S MUV$N;ZP&&]4DGGUU%1+J>6`X-/08^>DG#^2>A2R&Q!<_3\,$X8:GL1]Z_C0` M"L=13,9X&GLH3D,Z>A'0>SR&= MR4\6SUL9$9H4&Z<"W[@$_"):64&DZ"T&)(&DY_EZL3F6W8;*"1X=O*,<.HS" M^<4TW:7%M*6O],?[GY246"YSZ<&9GB/&_>K5"ZEM3=V::PSRY"H']GCU'P MB+KW!1Y#O9?PYQN,M8Q;7@+R%E^]&N?LD#.+K3JRY+:80<@#F/\#A3F!_(SB M/P7J.9WZHB27<2B;3<2LY2<FI;L9X>D=HJ\G/K0U(_!'#KV^=L*CG+.$ MRPXF],F?I!-"'ZD?"`CO%,D3#XLNH:,5JZO+N+\8>N,V",@W\(%?,-8_F)=D MDUPVM2%C$$,\0><`#XY*@\R%!F.)V3]3'[FV&.:S/(8>)M0/$_B_),%H"KT( MUY-Y(3'O)X*;?T2QG\RP$7Q"S,GXI1\^PDR.C@BF]@#=&8?/\N?Y/4A_&<33)/'G@I0&.*=2$]E!0_E"8 M*1CYO8]6&K($9Q[0&E"U,$I`83B70W\31O@59^+M+_#3>VCKD;5@QR9PI3U+ MQF@-Q_O/E,8)WH\@E;JD8:#1I1!+,N2&39,LR,H^?[]#)I@[8,)R%`D#+_'% M*?/%>88OSB[Y8NV!+\X27]PR7]QG^.*^%Y_OCC?V'GCCBC&6)^S>!B';L%+` MMKZFM;]H[7PU/RLE@2)\:RR3,&HNUBA-,'H3#D*DA:_')CUR&5/(]$`9YI': M(G#!#')"1X4T$G^T2"`A5(60`L,4>.PG8W^*6`1<,(TA8JK$.+JVN7$+IN+T M6@P62PQ8&PP_$S9N8":&-4]MG*XF5$:6I MQ.@YE0]/;%)SN@K)U^A13H\@>:.LT>(^+X9A.H28$%E&X`T6L:@(SE_@7(_\ M/C?8Q5/%]J6M0`8R)I'=ZMW7[\^ND\WA,\XA":$TT"FA*"<9H]TP6W"\S>Q#VL<+LM9N=15/(` M)DLF\/Q#'DD5G9^4QM]IF&)>GL51EI+']N3QDP6/2P)9#FW-WKKU`IS+Q-S] M$_A![G"D4^IC:08\TOV#S`4693.-Q&+ZQ4K_E,Y$]2NK*N6"E9$8%F8NL78> M3>5:PCFP6ZQ)B.0BG4Z#&3DO^XN/?L19"+G$/]@=##+6R%7H]<@;;'T1@5R\ MG_]N_OSBV\OWO\@)>O5'F1#S6C_$C7/R!%'`\B3V[U+41)3_A-Z'+/$]42!D M(8YU!($;/"H2B!3U1M!]@YXP2NB3S_^K(^H!LR(XRY%//0)TB[H(F<:1QT8@ MR)+WQ8(*SVN?LO>AQ3]>J`:V&!S`70`$2E$W7_93N!GU$R3K%GYD4IIK[XN2;KADSD%_5'LVRL M]:J$H@EIJG>8D!!QT))AU3,1\VL(,W$@%L%J)QQ21,XF$LHGB"SG!BL2YK*0 M6*8SHQ?EU"-74CFA.7Q?>&PI;GE1VJC(?LC3\=CW?!%L1MBBT"$ZD25E+$'G MG$-MRE-%(5]XA95T[P$F#MF&-Y.6X(>01%)1`V&ES#1;9J5Y#\4&(6D<)_FJ M`2I6=!?X]])2YZHH7>:"82^.4-!"[S%LNT-N^:,EF#PAT9I&H..-Q6_"?HCI/@?'Q1!:'1!TI MKQ1YD&.$-,P7'F!:Q1[FPJYKU1B0TRD0FRD(F.CR"L&&N;(KDM/EIO__YOA/RM^*.K M$%Q-?&?C#V?G_/9Z?&L8MY9^BUG@ M;=;>;;F]""/@'\XN_KZ M^>Q7O6)V/Z-;)!M>O/;A? M<:Y^:YAO+>.Y(11)629YS&*POHN()_Q"KH5B1>6;-/[S<'0-2AZ?"X-<(]\: M`SO[%36GJ$6%^Q%D44+NT\*"1/9>[KLJ;9LZR)5XNT?KSY=WOXX__CETZVUN)"# M/L^U@JIFNP^!-_,GQ?8S\%Y!D.WT^W"FGXGW'&NLV?OL^:SP+BJ84\[>Y2_> MRX9M'0_O+$Q`F(3=&Y2V#HI.Z]S\8?8=N16QNUM95[9*$@>UK<)^R6>4ML8M M("]I=)F^^8;7;F%OK=TAZ[@G*O,,Z6$[4FUY%W-F[4I&W961LJ.]RDB^;[;A M>QX>FE:3X'`_F[^[3O?N@B.(*?4>#GPY7V@0&CEZS^ST&9_='G$_W'#'<%J^ M\^Q4!=FN]]3=EF_&4F)IQ5KZ';_:X^C$LA3''*&GZC)8CO).!RR\$_-(IR.* MSGNAHQ#%T7L>T^ZY_:Z*Z>@\3_L7][4@OX9`OX5JR:#F#0G/+`)B6_-5F]*^ M_/9%W'6/MG_Y'I./4_97V_Y6KG>H98-'[S\['>;LT'^N2FZ]\^P@@DDG1;?Q M1+HJB*Z[N%.1PWIOI@Q"I6S=%M.S&].JNICEO6D'D*AU1&2G<9W=XI7EF%I_ M:)Y>FG<<4^])%RY/PU8==ZBY]NJ-!=.0_.'IF8-^J]IOO(?W?,?TXC[RE_L!_;8MB!) M8Z=;.-K+/C#GP'.H,7MD8;IZ:4KW MO,E6D!?=ZD>#MV)(CJNYKGXJ_J2[VYTZ[D^VI_M'5FHKX'V\586R@TYT).KH M]/G+%>CZFR>VY+DZN%B\ST1(TQU=4TB\K_6"@#?KZ M,TJO_,GK!E'W%JV.)37E&^,.(+E1`+3[VK'G6D/-5#OV3M!M*G/MD+D:FCZT MM8'E-JDWRK<[`X3>^95@BE1%JB)5D:I(5:0J4A6IBM3MD5J\_-[:+M3A189] M,HW]*"8S1N,Y)LP#?63DCK$086<"RKD_]B7BD1>%XRB>Y.@D>+D(5D0XHE,@ M$D,EW-@\3)8DMH@(T@Q:8CU0Q6=QU(.)1K^R9!U.B'EK"?@)>QGWPRSB?NAG MO]I#TQKT5RE>ZF-30A;(%Z_1,7`?S_['UK<]LXLO;WK=K_@/+N5B55M(8WD5(RDRHGSLS)5FXG\T M<+N)N*V'1GEN=OD-+LL#T%2K:]B:#`/(G_M.HP?/I2#F'^&?@-%?*=UR-):F M:=;BA32G&LW7*!PD;OQ]Y$TFLZ?SE[<;C=FU#;-7V6"V1I6M]?N&6MTLEMW0 M4Z=,FYIM]R6@O@J![INV9MD2#*8">=8UU;#4_<;R=EJ@3)KKE)I=O[VK=_J6 MS$OL32ED?("+74LF\&8S6Z9CY M/A*6\,Q+Z-:2I"&WA9,9EV=FU=J.LF*AW$.R,-`ZMM4ZEI0$K1JT]24DMQ:W M!]>5+ZVXBV91AHJ[""\9X'7DDO%H#MME#B4\]RDEZZHM&8\&3`(^("":43(> M34[%1]1(MMU,6+K?K.0UHL@@+QZ%"Y7G=LAEVT^ZIBJ&M5N-:ESN7`DF]I`, M7/]$\![XR>S:BF'V,&1LMOW.,_?`7J>I>V=LK[>;Z7HJ;&N*;?>KJH^%Q@^- M7U.1P(O%=17#?K98'!H3Z8S)K&`P2S.I1:D2/\VE)D-*&V%<6EDKR%+ZIJUH M5F75Z-'$G(N):2D>-$U3+,U"*R/SRO`1=[EV`).$Z_HGA!*8E7Y?,=1GH82F MI96F!=&PB`;+,!7#J/^RK#,P+'*79R1I?>"/87!_"72,YUM>^1[864<[TMP_ M]*+7M91>USRP.#":I4:9)<3$1DST;0B!K&Y=M8/1.)W:.*7%@_,*P21(4T5H'5:G2L,37C]^Y=RW$GLUYS'X0^_$D4$W93P7F>^I?JMY.[5-1!9 M&J;9Z>;FJVR$Q0J0NK'UZMD^2+]>]D)!#)C'8L8OE^7E'8>A#X:1J_T]QEDZ MNFT'4Z_6POI3M7IT32G$(N=V%C(2ZT\A6Q`MIV<++CMBLD6KF2=W"0"L/R4E M+L_,JK4=95A_JI$H/*)UQ`(Y,N(6ZT_)!4BL/]4V>&']J>:@3T)S*&$BLI2L MP_I3K>,#`@+K3S6138>G.6+]*4RAPOI3F`*)X#TS\&+]J5;8;ZP_)<6Q5:P_ MA<9/(MZ<$`E8?ZJYQ@3K3\F**JP_A28&\8#UITYO963=Y<**.UA_"DT+H@'K M3TF)%!E+?&#]J6;4VL'Z4V=HEA`36'_JG(T3UI_"O5VL/X6F$C':7(Q*47]* MHC(N1RH^M6N]J<]AX%90<@I<,O#(UE(U[V5_8K:N.P4A$T1,>]"2)I%<,49C M5D4=+@.`:BW4ORKI83\BMIX,S32Z?7M7&B)H0M35VEALRRP6VWIV-G3#-IFPK#5/7N=@1$W@/\_D!_<[S@8\C8EV#^VV<:5S@MFFKV>PO3 M\DS?59*ZXP2JEMW7]R?5>X"((ABPK\Z4*_5,^*Z"006X__#YUXLWQ9)W6W2V M2-Y[)PK`:+.O-/H^>P"CC2)Y^L6;2[5C:',"2[O;FR)S3XHTM2Z* MMI*P$HITO>8YVIDBU3Z(HFO/3V*(7H\F25F'!U!5AS0=3E4=$E797%4J55M1 M]14B'W*9#);6,^I^0%MUXOR81&Y%TX'H/?(>:8 MO!`^_C^>8-K>O7[_]?O\Z_7KE]MX_4OS4ZRFN3`=HM#FLZL'1RPQ.E^_%2^F M>I7GQ`TR-`0P?W0V?_YL_MQT_IB8/_X_^&$BWKB;PLM@EN$-4;&3M^`%\&>: MOS\,(_$7:,<+Q0O\6\I,:,!YH)%S#R\FH@A*.%SHC)$PB5D,-/(.!DF4]Y.V MUB%[\$N;Q^2DNY%G&Q>+)&3H3;%D*DG+B/*0@/,@'HEY2QF7NN$PUW+7/K&Z6_O*9E#2L;U)UUM)E-:/?47LR+WGNL:0V7T<[D^*LJM;I(A/EJ@`* MCJ?46PGGQQ)5[VA2GV`Y2Y88J+CD8DF_HR-+Y&*)T>F9R!*I6(*V1#J6H!,L M&TO0"9:.):BX9&0).L&2L02=8.E8@DZPO->I-'-I6>_8W2.Q3+:CPS`?;.(` MY[H7S\`.1BRUOW`8$^4N;'TSBB@E8_C#B!$:#.B`U'C1BNP*5E:XGIF#WAHV MH`YL@@[\[CVA!FP+]-"M/!.W4C^V2JWAX+,L6G7G,UPK:E6\??`E1.BNR.&N M(+9DQ-9N-Q"A/R(5ME#%2<$&5'%2JSAT'Q!;B"UT'Q!;Y[2EZI'UN=D M3",GAE'5@*_2A#.Y:HHV'&`'9)DA'S!..EW'MG]7SIXY3PU5?B2(8M-W$UG,)BJ9TC9YB]>R#K@9"YU<* M8R_[`>`S5TAUG`9NH4+JFYIBVOV#%!*ZO9(H)+0+$K`!'56I[0(ZJEO8!5.Q M;%/1K1XZJLU72.BH2JV0T%'=0B%9BMK3%$.WT%&562'A^JQD^FIQ?;9P!P"N MT$K-MZ,YOK+=Q7ER2X-KM(VP-.CZMD`E59ZXT%:5A*NT+5)):!DD8`,ZJU); M!G16<9WVW%02.JM2JR1T5G&EMCTJ"5=JY=%8Y540KFD0CKW@J'40SI-W4ITH MVV`5D!$8E[>?#>@$2\"&%5\7U1(>*3MC-J!UD((-Z+3*P`9T6B5A!*HE6=B` M3JL$;$"G51)&H-.*J[>-XM+!^TV%Q=JE2@BT7ZIJBJK:BJ<9\\M$C;KKDHT\KA>2C'9""#>B(RL`&=$2W<$15I6=KBFZ:Z(BV1_+1$96##>B( M;N.(FCU#L:J*A-$1Q4781G&I\D58+'?0:'SA03%<94791^=6>C;@P3!<9SU7 MV4=+(`4;T!F5@0WHC.)*Z[G*/CJCB@2FT3 MT$'=SB;H.CJHS5=&Z*!*K8S00=U.&1D:.J@R*R-<@95,5UUC=FM#.-606VS; M9U-P!59NFX(.;@M441UGN]JGBG#]M1VJ""V"!&Q`YU1JBX#.*:Z^GHLJ0N=4 M:E6$SBFNO39?%2VMO:9?G3N?+O,R_^OR<+3Y>,28GIOPA3&KZIZXWPKT2[.0 MHW\VSLFF<QTY\,K%\7CC&T)M.+%#P'A(AA[8:"0>$3)NW`\ M<8(I&7@#(#*&=UT_&5#"?YN$$7^0A$.2!-2)`CH@$65QY+E\U3=$$/V2,3&A$W'`\AC^)#LD==9V$`86^3UCBC@BC;A+!D^-^A8>]2-.$] M4%&$@7?!O"<";<0C1B@P:D#^#4,BAJH07=6Z\-+@^L[0.Z8QJ-PP'\'HB=``TP*GSKX-QU+.@A0%/#YG@8T!,?!L-)GSC``OCNB#\61NHQP:Z,%KZ1-X`_P3-`#DP.].2%`S:;K`*K MY^6`^Z_9!L:202BZ<&$Z(L>-$YCP:8$@RKGG`1,YFRCKD#W`T\\40G=9R7%0 M+*#*$-JC1B5PQ3C3%J1B$2$C9T!6O(-GF[7-OJ)9UNXOYEQ()4F(OX"4QU@B M^)U,PA0]](E&K@=,AD=+L"AD>ST<'1`BLE(6>M8FR*,K6MY]!/_L=_K[#'R& M$F6/3G5%XT>\[9/,^$ROU3BI9J??/VQ2N3SLWD)/[2IVUSQH6I/@`;1,B;*! MOX`F2=7K87@+PCTHW*`$B^S=SI9T5@AP2.",H7,:^E]!#OIS_]?9H"H7R0>U M]LN%EI*[/D8I.F*D^.7GGQ)V>>\XDU?O,V/TE4;?^1"_AF!`IC>@:]_Z(.UO M_OXW0GZ>/3R>^.&4TF\4K#,=?/2<.\\7!NA=$D6@F(5U@'>_T>$O%U?L]LOP M5M-O#>V6F\L+P5;QI]_A@Z9?D`&HG['CLU\NU(LW>K=KPW\+M#W7W>'46;>& MRHGK/DN5%,:5`N M^691\LV+-UK'ZFJ].<>VG[5SF^U/SE13UZN4U8FU=4VO9V*_>>S'KQ&%X<64 M6_0F3VL50JQV5$W5-L]UV9R=UTSO*,`53^JUQUP(I!-X;.:+[3"3%V^RU=:9 MYU=8>4V#[73EDZ\$9=_3MFA`-1A,\C$1-)/E&'3^,8(+-ZKU']:X'/+&/4NH91,_%@#&LEOQC]C5,N M,N+2*':\@`R]P`EW9EKM#7>"YQ!%#NW/D>&_&XO_C0 M*%=G$$("J=!:R)?R_@O-\9C2$YJ,Q*%X/%VAB:D["KR_$G@D`:>0_S'KJM!P M&C3/6[\'IS-M<@1L!'+RKJ;\_21P!O])1`S^5Q+R?\1:A%B)=5RQ8@KB\(// M+Q^DQQGON>LG_<5\-?'=:Z&'B3;_Z?KUR]G*JA\^KA(3WC%P?<7B2C8!)0T: M"PVFXXU'H%:)S__.\D78TLGFBPL#RMS(NX/!WE&^,;('.,2B_DP-=GOE:K"( M%G)I6)U^K7C)YOM5JOC2U>\['CYPZ=^!TT(@Q=*Y"P\PC[,#?N%S6A3M`3?N M"U*A0"^%)9-,1N")@HAT]E-%Q;DVMIIK6VK5.AN/I6XE.[VCR(Y>+CN+`L-9 MSCR@P0'6!\#M1-C654%22EZ<:Y#UK:S(H=C9$$TK_+40)#$BXW!`_TM=*PSXZ6A-/7`J]P&/I@ MN,7VIN`3RQR4>+1^9W.-QY)9M,$6_B*YFZ8N!GGTXE$F&V5>1J3]W4W%>^NB5($C84`$'RCB>?F;LW5W`7]SG;@IC*S\7$,?\24?6_J=GM0YQ&?*%J/31[;(QQ;9 M#Z:<*5OZG;[49[+.E"VHQ*1D"RHQ&=G"C[$@6Z1C"S\`ADI,/K:@$I.1+:#$ M;/3$CLF6]/L!QR>KS,+"!>;U"\Q&KZ.A(6G!`C,W/;B2*:7I0;9(QQ;5[!CH M$4C'%K#TN&0F'UL0+5*R!6R+W$79SI,MB!8IV:(9G:Z%;#G=(L!SP6EYWHSL M\6GWN&S;J=K5$6)2F!,V<8![O8MGM&+5&PGBA$KY+OY MV3N6\UMS>I"W9>?C*,_');\S&.U.W#\'9-MF1]^YAET;D:WOA>P#[C^O`=H5 M,%-N:(LR&36L*I;ZLH?P]IQ0>HS%$<3947'VO^F)OZ_YV=(5R-U%Y*?\\Z&= M7:7'#3^EYP5K[8H?)OR0GUVLM:VI@RM.1EY2+J7+JH=!(XY;L?'Z\6"GX50UVJ#3K M22([)/7^P#%2G9`7)[DD2?8]Z/-A1?7+=L@+A$7C65']N@WR`F'1>%94'\PC M+S"(E#N(3%=$RVK*5?/IW5+MXV.%H2@-,MU+6L=)G%K2S[:;V%HN)M445>LK M75N;@P?="LE-V)Q"H;CVNMY*6)SP9,[TL8SPDJ: M4!5A)1FL,-25+;@1N=JS(N;%LNP8F4K/O*-%I@>L^>GP]T&8\,HSZ)ZC'R&[ M'U'U!BF*/XI_@\2_ZHW0^L3_O!UI!%;#@%7U5BH""R/41H"N^HS>CXL7SYXF MK?=\&2I55N\&-8C,P$2M,V'%:M2*N$!<("M6PUG$!>("6;$:C2(N,+.W`6R2 M.;/W3R>*''ZCM,=80@?DDS,%(D58JF-4VDP`GRR9MPY6G'##R.I9BFYW<;NH M99(O>XE\7-)&5#4/5;*7TD=4(:J:ARK92^XWQDO#J/:,H]JKY#YA,0]J#0QJ MVZPN\83J%FF0AJDIFJYB7-LRX6_*"=63N>"XCX0XP<.L4C,'<2(-*QIS.K4) MSA2&G[*%G^D94G\Q+7=^D!1S)`4#Y(VDDTRI]SB M%3&-DP:\(N8D:W%=Q;`T1>T:N'G:&%/6K@1<%'X4?LRJQ>U-A)7\L&I*$NYY MPPI#7=F"&[PBIL',P\1>=,];B`OI8E,4?Q3_\Q!_3+]MAB.-P&H8L)J3?GO> MP,((5:(@ISRQ=^F*&,SN/2]-BMF]\C`#/0QI6('9O1(Q`W$A#2LPNU$]-HR6A(IF\=/#KA;I*M]Q0;\(%[24VQ:2=+\Y6, M%2U8[T94-0Q5>'\,HJHQK&P,JO#^F(J\-`QW90MJ\/Z8=@J&5'NPDIZV.*&^ MU!13[2HFWHO:.N%ORO%5=,$15@V"%1Z,15@AK)H0V9ZMJX;!K6S!+=Y.TW@6 MXB'6DQ4[UPQ3T7HV1J@ML_G-.<2*SC0"JT'`PN.Q""P$UK&B5"F!U02';2E. M3;\Z,!G++>9_718CL]/-!0G^!_[$BC"IZIYJ8'L=L`K[V6`F.Q!O=.RC$9^^ MR/_VRH/`U'.S$ZOT@?I$VV,L_?E(5H<@Y,L+`*KQ*UWK6%M+YSXLN1E1\BX< M3YQ@.M?0_=>,#+W`"5QO7D7*#0/FL9B$0^(N53N&%A\HB^D`/I`QP&]*8*`_ M*,3L@#O^9Q)#/\X88"@:6-'ZSX>3F@)T*5U;V_U=X@2#?;J)=0.%/AVX1&7@C\I`%O;V%\BJ"@^),IA@-C M>.3_%X0DCIR`#6DDY`%H"1,A"_F@LFYYCVD_9=UTZ@1;IE..KT+T/49ER:A" MP#A#PT$8DY$CA'):T".[HR@%PA[H`^DJ+![NT4`9[O1]A&]K-IU,^/;0;@?9 M\2(<%^34/*([LN32B1<_!-S&_2<)0!V'`7GT,OU7:A[Y$2!^_$>HO4*"5"[O M7)-Q?>>(QIA2;"G/JWK,\ZSBD$R2R!TYH)O9"/0^XXIQ;=^@UD$?P]!"]T>' M7">4-R#T9A0^>(SWQY6_GPQ2B\S_E/5%G/N(4J'YE>+O8%#`)^?`'5,PV_PO M](F.)X)X83FXN8^G,V"XCI@D/GH`"$O(0'=?EQIX5K,ZL*V&^(G`>N-GC MQB>.$D&2L!C@7?ANXCO<3\CC/35L"J3.#_%20!0^D=@1H]?TIV,'+ M,758$O&9Y[SE9,*_T%NH=I>)K0@-'Y'ZY? MYU/\/0::4Z,*Q'Z!SL4^31Y$153 MN+-VR1KL[>GH"7_JIFZQU-_]?N+[XF^DL2>>S'Y1"0.O?F0)CHGJ1T5&TO0OAL&B\!6*X? MBBD3&@>TC.?N2*PNWU!'\"!X M;D0`.@].DR"\8S1ZX,M>\.`$8LB$S=V<@L.0&7MND#=Z4T6/8BZXG;+$^.\% M0L#!BJ`'&.J+`0G%DX*&,8(X!OB\` M531Z67!GRD?%]N'LZ3EZ4/!P>O)O%C2?6'XE8KD&'%WN5((O/`9BA>8K>)=+ MPKE)(+.PK!`Y%Q-A,G]Z956F;+7DE00S?'SY*"%V[ZTNI'X]]87=C7P?5?W7 M;').4\V8)HD9(MFM6QD2W2L071(B5;-+-CZ\B6([(E_;[U*9E&>MQF MO].5-CS:F5=([7,I7SQN3JIEU;ZVR+:K]$C@Z?FS=N5OVXR!E4LKRBJ# MUE05%-$G,?JJ]MT1??N@K]Y"10A`B0%8=3B``-P&@.DY[8\;4BW//:)HW+GM MMX[O!"[E">QW%*@122OA,-ME/#^U>D['M4ICB`..:\G""Z.C=V?LF"<>G^0P M9#JN;#KS4@FUE7+<_5->$!2!WF*@EX8K"/3&`7U>X@CAVF*XE@8W"%<)X3H_ MRXV!4,,#H:T+;'^G<>RG&;FHAMNLAF5/9ZJT1LRQ%YC$PY<(H#8#2/8,)P00 M`DAJ`,F>]'1N`$+'O+,M\.F9<_"4@&F==42['[^AJA1Y=60I>VD)1#@P&FXYR' M.JLZ'4>>LN3MV_BK[Y/5LQ0==_C;#?6J$W(0ZJ=+R3%,3=%T%0';9L!6G9*# M@*TS*4?5;<7H[V9#EP*A].LNMRW,IJZB:DYJLXM1[4Y^L;"XFT01%57R%DN, M#TH+"?."R-"_2%!WAQ_SGM@@`7 MYL/Q`C*D3ISP&M#Q".*]OQ)`WG#*:W'RZIX#7N2M\&*'7`$MA5DHI\>)EDL; M\QIR=UE8R4:\Z//"%8N5U1;<4CST_:IWZ[E2*VSZ;%5N.0=QV@TT]?4K3.`??/ZN/<8+?W(^W@"(WOJA^^/-W_]&R,\K MCWZ:EW3\P`M:LOF[LU>%<,"7;W3XR\5UDE:6OM7@/[S.W^U->&O=&JKXE'Z"F\-O)6U*25"#C`UU?B]LM_-VA1&5GYM MGMSYD.?)%NGOOSM/MI3?WHIL0;0@6[:]DA79@FA!MFQ[SRJR1?)BB++'IS(O MYQ\A)H4Y81,'N->[>$8KPF@;DG'V<69M79#TB2&U3R*&C2@CAJPW1JP=&$3-6`K->#OA:M]:W;3N((ZAGXR M=M-/.ZX]-3#EJ4$'[U;8G,8M3%SVZ\2;;MJMQ@Z59CU)9(>DWA\X1JH3\N(4 MO)!^#_I\6%']LAWR`F'1>%94OVZ#O$!8-)X5U0?SR`L,(N4.(G("6;$:C2(N,+.W`6R2.;/W3R>*''YUA\=80@?D MDS,%(D58JF-4VDP`GRR9MPY6G'##*+\2$;>+VB7YLI?(QR5M1%7S4"5[*7U$ M%:*J>:B2O>1^8[PTC&K/.*J]2NX3%O.@UL"@MLWJ$D^H;I$&F=\]$];R$N MI(M-4?Q1_,]#_#']MAF.-`*K80,+(U2)@ISRQ-ZE*V(PN_>\-"EF M]\K##/0PI&$%9O=*Q`S$A32LP.Q>B9B!N)"&%9C=B]F]C623S-F]>$U,HR6C M(9F^=?#HA+M)MMY3;,`'[B4UQ::=+,U7,E:T8+T;4=4P5.'],8BJQK"R,:C" M^V,J\M(PW)4MJ,'[8]HI&%+MP4IZVN*$^E)33+6KF'@O:NN$ORG'5]$%1U@U M"%9X,!9AA;!J0F1[MJX:!K>R!;=X.TWC68B'6$]6[%PS3$7KV1BAMLSF-^<0 M*SK3"*P&`0N/QR*P$%C'BE*E!%83'+:E.#7]ZL!D++>8_[5$C!9D)PBCL>/O MA_OM0;^*\QGUDP5J\V&DS4*?OUQHV5[G6BU1'#8I?OGYIX1=WCO.Y-6O$#?^ MP<_V0_W8#/'WKA^Z/-W__&R$_;WKU*XBO.TW_ M?_8:<8$X^/*-#G^YN$XB)_;"X%:#_X#"Z][>A+?6K:&*+Q=O,M&8D5P0DY11 M*1@XM[+OJ7`OP+6,OQQOF:;@_VIZ!P#SK#I;T":JNJ<=>$X>5@[]IBWQAU]Y M$.U[[C+.1-N_>H$3N)[CDP\!BZ.$I[\[ MK@L*$YJ)J$OA<5`QA1\GSI3_(MH^0-SQ_FOZ3T[2$NAPC+Z82!,^)=.)XXP92,4Y4%LD"C MV/$",IQ)2EX7#ABX=HV-A`%QN``D4<39>N>`0"G0N>LGW&\ACWF62"X'7.C` MUV"@^)^I^/`W)]"@ZTU\SEK@8:'/\5S-$A!'$`\/I`*$ MIOC0R(,&(W%XJ8Q-0=!=Y?"3R2,&@/ M_IAUM2!7O)X$S^$_"N$C_E83\'_BK"R_`3#MN M#.\2$*4??)[Y(#TN/2#P:R?_Q=Q!?O?Z(WV@/M'F/UV_?BG>X-2`+[=*3'C' M:"20FD]`28/&0H,%,&F:())[I'R^@,H!!9GQV7;8.:+A+K6^SQOM/[UX]'MA MDE+[_XV"R+K``2$EWW)9?\M%/2]',?U.X]BGJ5I]8MZKP/-_N0!%2R]V,?K` M(B]]\'?XH.D7Y"?YJ;[-B+N=$?=V.NOAG0^2?/7DL5L6/[';/&GL@\@92U/& M;J#[T#,*$P;B>S/RP`;0X).H['%N<_+)F6HJ/S)6]_#9FO&+MA:&>L5N MOPQO-?W6$",U2V@:4!?,L,]^N5`OWN@0J4"@LAFB!Y-XZEDXNM@OS+%FJEW3 M[N(<[PVCA>FT]9ZMZ:V/9:UOO@RY*'L4+&(A4W_/<3+Q457LPW/=1_S98B MQ2HB!(J^GZU*9P,70 M=D."3>E:LM&7?%G_N*OZB[W.UOBW6.(_8-VVFOT9HZ-)?2BK*8RL>*^F+WE% M@_-D"Z)%2K9H5L=&MDC'%D2+E&S1S(ZM(UN.R)8=4]H;Z7&;_4Y7VD0:]+)K M9UXA#\>E$%)'S! MFH"GUX5#,J&1%P[.3ZV>T]F*TACB@+,5LO#"Z.C=&3OF^;8B#4\$!H MZVJXA3,`J(;;K(9E3V>JM*##L1>8Q,.7"*`V`TCV#"<$$`)(:@#)GO1T;@!" MQ[W)COLW.CO.CVJSS6I3_MPH"6I&O3!UQ33LERCSK9!Y^3.29)!YRU2,;A=E MOATR+W\2D`PRKZF68O?U-4*/+JV$+FTA*8<&`TS'.0]U5G4ZCCPUA-NW\5?? M)ZMG*3KN\+<;ZE4GY"#43Y>28YB:HNDJ`K;-@*TZ)0]G1P+V$C)+M6!>NE7TOY?P:(:E:T8U!.PE%2"[:K]8&'AM_Q\"-P*+0J]I M^N^'X"J[6.!K=J]`=7)Q:72MOE&0U6<[KY+6W6;PTE)A1#60^FUVAT.5,ZMI MNJ[;VC;TS@FHF.3=)KAO]H6EMHK/0<54T[JQH^VIOHU'8@<8O\8A&7R:44Q3]-0MJ&H]E'MR"#=-+MZY:-:C*I++H63[G8W_C]-9#S(V8E;Z=)T6M>QUNWH+Z!GPNWCQGIRGM]RY)7C"L<*TF>&G)*K^#65Q,'/I^^,B3.XX=U-3K2#3I9JDX MG"SE!IG=CB%UFE93KB8X0*XJ2?+2S8XA]7'KIC"RXAM9K(Z.^)*.+8`6%=DB M\8TLS;-4NBUQ0G'KK%/UIQTKX%]U]4!ZAU8\G[?5R\>QL!Q<0\*_Y);N]/P] MX1&`RNT=XF]G_%U35US^3`Q-8'!U0^6L[:?4!W*.:#]7.5=N/%M04E?NLU2K MC)#=Q)T+'\JM&0*B8D:@R:F830>7UOCF/)*Q`XZ-Y_@UU&^6?@T13XGN_4E7 MC)[-SY:>7^17;:7//>2E38&?)+PY7TCKBFU:2E^W,'QLM"W_,XQ^P`]D$H4N M96=LS;>;Y5K*R^EF'TRB/@<76D&T@N<)!<,V%=VPGH,"VA'9[`@OD,%&=$#N MPW"`9N0D9D3I]2W%T@TT)&A(I.#-*0V)8FBJ8MA=-"5-,R7?*"]HQ5-U(Q+> ML="GS*6!2QM@5-I9_=HP%/O`BN]H3,['F+03!-V^8AEF-17@T8C4;D1NLL/1 MZP_#U&0]L*!IH]>UYY^ZBMGO*7T-MZK0'"*JFXUJ"R)!3>FKQB&[5>G70\H9 M2W1>L+["`^M/]:XY_YLO'?(3]655>[<_#&U`S+]0?[.\CSWIV+XX:Z]O68N' MPG<@XS,][$2X!:(.DE[2.[2\4Y_;5\T%2]E?K$WP;)??G,=/>0[10>/5;=/J MZU9)Y\4N]J-B>Y8;/5O5RV9@"R+^R*_4S%8^#IN/;A_BE!)"5GHY@)KM"VD# M',OPN"TQ?'N:EQ,3F].'Z0;;U(TR*5GH8D\R=JB"WE=U?77&%"HN+&/W%LI;E'1Y"UEZU1C2KWZV7K#WK/"_+=$VSM6O=5V-7J@JE$Z^" MP?<8C/0H],$U9>__2KQX>IAB-GH]U2Y6)WZNNX.)VYZ%_;[9-;M5T%9%%1>- MWS=@&7HI.:754[8B8(=J.D"`;1A[]3^[OF+N\ATF-YIA:L4JYIO[VHFN)^:] M"CS_EXLX2NC%1C)OLR9O9^V\G6WU<7,?!Q`/Z M)W'FJF3D/U4VK572:ZRE]VB<.L3(@B=F%"W',05H1F4SY*<6S,(9O]"'T'[S@?O&9+49QV;UXHQ8',"=J/;EY M^YEB?1M&D2A)],[AQ7@V&[;ZAV.E:S+E@WJ.].<'_?YIXJ5>SC6$1=H.;MGA M0P>)TWJ7JG%I:)N'MT3D\Z/ZY#QYXV0L$RLM,.OJ-KQ<1_O2J,/@_H9&XVMZ MM]G7*5,DV>U5W!T5MU8MC/&=$T53Z/<;G811>N53$L0E"F`[K:+UP.^TBS=- M%4D_UJ#>L]CC9Z2^#&=O2#HB_N2'@($]XR,1@V#Q$[M]%S[2@/\Q);+=;*UK M$B05@XU6_\A<57MF<5WF!&.JF$GU#:@Y4&W>',@@!'DD?V"46C.OET..(P_@ M0$950?TIU>=IZ:]O\C^'@5O%2MI&(SGOY&!")%"RD@[T>#[/P:/5R:I.]\*S",'<`7`(.!9#"%0"_)T'&Y MC,,W)QC`+]$/?I\0+YN^DA.T:Y_O)Z$[VK,5NS.[L45\-SDW8,XO^8=)R#S. MZU<1]<6-QRL3.T^.^L?3U?O5LFB[#H5\#_V$=\FGB3B#!R=PZ8"`Y@IC2J(0 M..ZY)'`>O/OT$B0V93$=B_,L":/\M+U#1B&;<#G.Z`(=T7_-B,`BSPB`UQR? M@$J[]USQP8.FX?WYX^]>+SWL.W?SOUZ_YO=%.3%YI.2.^AY]`,KX6J(@',:3 MLC6.J",VB3E2P)*,IO%H[#E,\-\-(V@XFL(?H*,I@;GAM[N1NRFA@7,'\W,/ M'T;IZ)DSI/%4(70X]%R/!NXT%2+QW7&G8O2N`YUR;7,'[0SX>);&(*H0#+@( M=LC-?F+WG(8X1!!+9(!XW`R,)Y$G1C2L!BV?O?!N];Q3,]'R_COYY-P'E(/B M\QP4WU-0O"A*=`WL/F0F%P>1HK@(L9?*X9S^,I@R1J^'-S<%2-[>SV3R<+3G%2^SF&JT2@/\QB(`A+>'ZM\SD'1_=!TUC800EV!:\ M%G,(>GU`'SR7&Z4]O,C^`3[DZ7S$FJQOU>J8S%Q8RB_$3!T32B:C*0,WQ($8 M#7[D]MD'OX.,0Y$#P;\]K7<]N(,#WQX\?KB"0-AX3R_O$PB0N!SX(&_@"X&A MSYV9U%D2#SQZD7"LHC"Y'PE%<>>'X8`\0/Q!_^ M&``X=8!@"0#+M<3=`H4^^"832;@VG%//;.O0X_Z`Y9Z?O?\ M$$T@^@#'-(N&^+?',/K!&XJ]2?Y3/A;NDLU&HH#XL\2/Q2R`HS/FDP*]S3W; MN;L7%^9/R:`S2+AC^/\N(P<)"-`/0M`6ESMN?4ATOVNE"#]Q(^:2,^QP MB.R)B640\/GVXM01!?T1Q,"#8I`WXAZ]ST*NQZ@?3NC>5FR%^'W\E^4HZG'D MN2-Q41<_904*EU,K`AIX8^90*/.H8Q"Z<1@);`]#-P$LI7(^@0>Y+(K*`1.^ M8%3`=2$T28,+H"GFK:=3,Z1B?0>ZSB.Y!X_R=(A,FB$:$OK`=29IDM(4/OI^ M-I6YX_$.QC=VEV'ZPDA?[EZ@'\`^=`+3%&FQ.(PY&=Q^EZ11:R^'7LX$DPP#F"IS%7'&G?.`C)%QKPR\%G0V$,GK/U:?0 MK(N!)->C!<_4!0KNH#V7Y]H#Q<,H'!,_=+-5O4Q_ATF<*NC22)T_[L,XJ$-` M]?*9$?1QG2O>NO?#.WC@M!#[G%*F%,Q9P3(^>O$(I%TP1T3G8LX=?H6J#]@+ MHPQV&1PX/L$:./G*!PA^Y,`;P7VGCK4U:98M=[J,O#0H2:(Z7*G4]ST\%,E\ MW^H)W%-KE365RB^PJ+"JQB60Q;GRX`(\\,`/"AEWA+)`#22#)OQ[YL`O^(J9 MQI)[Y,=?(*M6KC)W.U7,%3@=QUWCX9J>V\((5&3J*L\D:N[^<]$;)MP?SS1E MP2R))5`1DS#"O7>?7H9B_PC>R!EK]T8/\C&: MMM_WIU!)0C6)*Y!!5S5B9X7OD\73B?!)@I#/8RV#E!>$_S\B<192R+6P: ML:U>]FV&C57O9)@'LU;LW!"`63&@%X#[Y?O9GFH"$I'FJY='JZB!.N!VE M!)1!83_5RHQX3!QSH/,R7Y1"(@+KB`8%>]T.5;DS@<)_`#58!6-(@1 M,+`$.=I0Z]"H6]*`,9P@3&#EM,(9U*WB*)V!GG)9HIC^F,$>#U^WGBQ_8[=S)Q.$Y#OZ#W[#_+T5&!TPU.'IW//`/@H4H0 ML^J4Y_@"YF-U#0[U'ED%1J'_"Y6/5@39%0O!X)';!,.+JO(NC<`/![Z%[]&* MO"$!<0G\._$"^.=_R(SP'6;NO(3H^P-T*6P&/%`G35V&_MR.&>HMD!I9H[X^ M)G;OE(_@5M6"92D+DF7>%CRTH^_=AIBL7],.KO+Z04OX@68=6/X>.Z3MP5P/ M5"Y.+"(H/`-=O[FY517VCT`X?$O'/OBAJN"X^ST,9P)A37AQO;X-`Y%$-0]D M@EGC-JP6XF![\;K1X`XPR_>>LXVX<#:55D5:E2Y9E?6#'F_)9R#^`ELIOK/J M*7\N&J;&W=HE;6LNG&>ER6K+9*'VE>KR/-3E4JRJMW\@=4GUOL>B5(QNO8W2 M!^7&G6);XH37^]1KMM^_O:E719>J.D]2YA&I,G[,#SI5E'>81OD1IK'RA3Z0 M."WB>9CN+8\:80Q_AEEVOUI1VX07-G^V!=HA;%JMRCYE3>FMA[A$!.$?L_HF M[H$&6"N`QZN\A\##DU0PG!_&+*'1&)I_PH@G.[_J*DXZ3?D9`*Q1R]YC)[TP M._:#G:?UY\I/UL#LF0HLSH?9M^2W.G.O#D3G!;3+"008+B_3#A(O2&E>I=EZ"10>`T+2_!%X=A+<@D=ASB<\G?*C@PBL2W&DO3'+,O1,KX.Z`-G M2X?$$P5K8'@-9E@>K?8">!B9!2MBGFC)'#A-QB!%)M()IU,:.1X0[7])7NJ. M,I75HL8JOH]_L6]!I5"L0&7OUL;B9:L>JV'G):X`ZU,Q#(>JP%/U50Y_BHDW M4*6(F6(6>/LA(M.L+GX,1"KB-7BTD_B9,N/*DE?;PZ\,0]NJ?[YI3!D]"X60 M8;\D&GZ!25$DR'VN9C`WBS6>`#XNB'$*$C"K$RTA]HK6PDAVAT8)0?)C_A=5 M%=;$'O*DC)@%%EF6-E/(6<)>M/U"I\.N8:9L8BY*]1[8$ M)@'9:Y2W=HZQ@B"71!C$#PGKMX#E!LBKK![]?EZ<95H=Y06?P/E?-"`16()1$A%_G[?N1-QE#709%_*" M$?"]BV-:#>)>-0C,FF:R5-:59%HM+^(MC[<%@$M%-Y0I0#\I^/\I3'TW?RG; M"83WS$I4S$C!?34FBUF?8AX&:GB6\PT>WG@DGL^*AY![''2=V2>0QBD3"S9$ MG`(X"R]G.'$]+*QY9&+-]B>5CN\]Y0,XR2XL`/43XBM&L\9>+2>&%U.N5AVV MX`7U[U(\J5+U$;`4K/RP_/_Z%T#'WD"C3[,84],*` M'NSL%G-A`C;$?=;31#[*CK7*[*S8&>M\8:D==)+_(XYBDO+9TW5J_R`T!.]HB MMZ/D==^P].,N\G-N;H]'R;[5MXS^<.TR-P3M:,OX+(`_'>X??PG!>YOS_R]N/A2O4^":F#=O'7BXG<[SG?W8 M8%\I.,$)[#8_P)X`7+,2X4H=XWOL!U><"SK=E@\\U)M9Y/F5./G[PL6M8.`V M`2>71+`O>1W"/PM)FYO;U_6LC;>$PG*`[S-LN5`?X>;V>W6`Q#J']9!XX/T5V+.^EQ]>OB^@ MH6X>2K\G/ALHGE"*^V(8P(6Y')R(]5<`J+/@6SYY,:"Z%,AM6C#A;P%;,J[@ M1W=ROL`#J7S3A7MD=L2UX,,8$W`90CAC\=]C#(K/*8GP?`Z(6<`"0V/,!+P% M86;Q'>1JSMO\"!'N\Z;9T1T>=63K#V-:&["GO",1=KS)4A/YH975M(&_8-2I MER0%?`WP,^3QG$1^M@;0](@E_WA4B:V.Q2=P^Y^UA84?Z"._OS+C16`KXO`> MB@P^]C7KW%/(6YSC->7@93O91J!86J+H:Q.Z+'K.FY;E2L?0^M>65M=>;\M;M(#.WX,L[\'",N0>FX4`,=[! MYV1>/S]^D[2B9B?._0F0,^`Z&"A9T%2P:%UH<^9N6S?0P#,W9#Q60 M#W\'21G]`)U%'PLNRI,SE=>S="L+L,%:_@K"IP#U.V9M0CRI/F??L0@7*;I4 MY0P/6&+L^S0!27'Q_/N4M0#!+UC8)T[OD=439&F\]3PID4,;D$-*Y#@UY#PP MY#@<.3P*"DJ@TE,P#P160S=3\A?EDE>!%V7_/L045A"D68H@USL1ZYK-\IA< M`RU/P00O'SO'9U4ZO;'BE6(9YX''133P);#9&?*\I,Q\X\&Y1X_E0E:@C]%@ M9_QQAHI7JO8,,[D6!KE9K;D'/*F3]VYM0B+.%.5MPUA:V(M`GO.L,+`4C#-< M4NE5C7UDG;N[NFU5V^K]`[F:N6;]2.;/JU7VZ[4V4I6KKZA'@)V8DX&:*R(8 M76;NQ)LL[!M?E`"X&_C]Q42'$W+H@C\:N]F+AE;QU?%S\P@X^:%,UM%=*Z62-6;C^2)2K4#3*F443\PE856$:IKR>E>%*&)9IK3RF8 M\D/0&=XB"O2A')0"A4]YLJ`U*@Z[Y5F>,@VR9;RE'JTIPG[O\C1G>U$\?6CJ M@Y%=B>(MS;83,#M%\V"S;%B:W38LNUV2/ACVAR-;.Q!BM@/&MBS3U,WM83E, MY-?JZ_;`Z#>`LRK@N#%`NT6!#<,>#'AE$+ MUJ\'"(TK:*T(C%C;U\5K1BUF__Q4>X*UQ;7;MEV]S7E[J%@!4TL7@6%"J*\M M0K,PPVY`;(P1T]!-;8E.ZV&H8*LE;%BZ-3+L!4@:I]D#G(WQTN\/%RFS*2SP M8UB7O$R#MVG3-6M4300]/_'^0.ZDLW7=UO6:0CHPE+MY`=I@.#*.CLKM@!R- M1N##[0;DEZS!U>?Q6P^WH%@JUA+Z/GQZ7[MLEL>?$<_-;`_HI(H/N=\>PK+-6KG+1^$T+\[Y/'X33J=AP#1FJR7HEF$,^U7XUDS>)JQ; M%I*/^OV1W3*H7_B!NB\^X;'Q%K=(NCDT^N8Z>!D[BF*?8%8[WB'EA]RSX0&)NK'U.S MJXF6W:'(-WWKE<_F.#(,<%_60I?/W!J46ZH=LW;M^?XP9A\]&F=5NBUBU+8L M;2WO+P+0.M#;(=@8#8=6JS"7=6>"59/K9O4*)T77CUTZO4$-N6[TE`R?2HY0 MA9T*P=;H\5).>M=N'=L5_K2!KJUNI6H%]#6%H7IO<-"ZT&]ERYAZ"5Q9X\)J M`!1VWUQ^*P`K8]FS"\P^W5VR&M(VFM'P(^'\+K@M+Y[.NW*U@HE=.]T53=O) M`\';`EC=#F^J4I[WS:Y%`G:))]Z,%=AL/U,8[`(>*UP:A]A[D).]G5Y>Q6UWQF@16:3/Q\'I#UE`&C^%' M>$,E[ZZ5;V:S$]-85\0N,62-$B.,__>4FZR/(JMA\T#6\$#UBBFS]_/CZ;QX MEV:57WC8W9GG-518\!4]I682U MK;M>;G!:M=-QK9FEWPOJY-5P[$;,K-H+Y(\?V2?9PWZ9BRU.DA25X(6$O.PD M0H2BYV&AKWAZ3YZ;3"J7O\.OO%V&0WU_ACT1@@?T7]GG>$:<_'/V?M8@A?63 MF<7T9?['*SXP$`+S0/_U:M&CK"\OB8J/_#->KX&W;^$$V-3IJ@YO7^O9,.@F MMVZQ&;>_DRO[G7N\#3\OMU4C:1*^RLD/:X9%9OA;6/`:%Y`?H]FJ^KL^*]XT MB[V>7DX\%WBOPE>+<.S%6G6VRM@L<;R,B2^K6ID[*76?DKCC-:>I,]JRM9$\:T?9%EX4=\CQ4I:19,2=--:/I3^T1JCIL(2*3-$*MK=5W+)GUU!5,^ M163VZQ7_MP@<5\+*8`=)\A*76/R:G]TV!Y;:M^S2`DH7I",NB-1/9Z"?&D(B M`A+IA/JIK^FJH1OK])-TTP04F;R6M"Q,8(4B>9E$GNN^P#S6Y1@BX7-7IU=Q MQD@=#BWI@9T7XTL=)`PIA$\]G5X'V99J:=++ZJ*751P_P7K/;OA2H@6P.Z3( M6G>F#D*+$VJR%P-3M.E]I''%HA` M+6<3V66GWP#7JK8<67=3V4'/$=?0 M0:M]:O&T].$.2V^XHM&)#T9O8^CD*>C<_H)Q73"^ELU&%-==[8!,@.@63F2YO#"K=NY25CVRN96DG;]U%#GM<$3KN$RYUDTC"V&) M5BLBMMSNW=E@F:S"FT61!7)GL[A,A]9MHA2O7<3KH,T+.F@.179*!32'(ITM M%9ET+2I.X0W8A="AV8!)@6B9$-+DM$RFO4N-5M<`R'#D"EJ9/:-?D$MI+$,Z M&@WYNC(-E1>/E>)XL+]LU60G:4P9ZNRF)K[H4.>Y2+"M&@-+M36Y[SL3(ZQ, MJ.^R-B@^)?$!SNMVQ2:?L@98`\.VOJ>0M&72EETFYTO[(9K]^!V-Q20$T^%- M9Q$(&6OYT`'K<8`P_^G%R%!-`_9'MBY-B#0ADOVE'6DGY8A=$KWQG'^5?7CI M81KRVG-I^`"4FIQ'OFH+VR-@A/Z$HJ=KZFC45PVCI5/6TO2(;7HD]R]POST: MJ/W14%H>P2U/"SN>.'ZIW#A..DU]=G.Q2V<1=3QV]%?N?$[4WVBDCG1;-?3^ M7@W6I-D1V^Q(ME]@>[`\FJ:K]F!TP,Y>%V!SCFM#/M$$N\TW-`#HP.[E`.U7 M+CR9NL]?NJH-AZJFZ[(^F#;L^_2L*X[C6Y^DFOOL\OM.-.Y.U>;*NE#3P^$_?X0_=N((]H>--B1]C M^Y??=,T>#?JCX09@LLE:`^PN&^-NY1BOY]_F,WKSPXN+9V_BF";Q?U/?_1Z` M/GA#9MC)B27ZXH_L^..Z]9J::>E&-U9;_+;9TFQC8-F:U8VU%Z2ME:31J&\8@V/#=0F"M-]BMY4C M@3,"OL@&0,%$>X&TA5P/A["':16D$_=HE'WC#KKWZTH#)3&3UY*0LF^<)$L' M2W7/CBPR(7[***6T3A?>T4KVC1-2+B_,JIV[E,F^<9UL4W5$ZRC[QHDHM[)O MG%@"*?O&G9MXR?X!W7%*!32'`AY#$))TLF_-D MC:7L&R>RB,M0IY1@V3=.9`EMSPC+OG&G/P4H^\9)6R8Y7W9=Z)#]D'WC1!(C MV3=.FA#)_K)OG/#=>T3-5\F^<;)OG#0]W%G8\LF^<>!(H M^\9=A-F1;"_[QIU>+/:V(;)OG$RFRKYQ71-[X:RA%.+."+$0?>.",)H2?S?L M[1.%*Z`_;>NX%0WCON+&[?/X0^#2>]C.!;"_^Q:"A<[Z/.D;]2%Z$U'72]X3 MQ_.]9%YK._25/H;^(XA$_1G>>*A\B@0/]79%'[W`FZ;3Y@9%5K7QSH=/[Z]^ M`P=7*Y&P;E$+**`S,F>9N\_C6^JD`.A;>._9ACM6M>'.VE9%AF6,JN`U3[@_ M5`MM@-8U4-+,:O^D#:&**8F<"7#66_I(_9#QUKL?,QK$M$V,V?I`MT=5Z)Z9 M>&\8K5U@U$W=&%KFL6#308K5U@U"U]9%>[X6T%8T)``;OO2!2` MDHDKD:FW=.PYWGX]QJZMOCW0^B.MAL%U4[8`XL;(N[8&(,6:/M3W@?"1!BF- M6Y1??6!IAJ$-JT#Q2;:9>B>QM#5KV#?WG'DG8=-'^JAO#`>M+'J[J4>#@674 M3&#CS+?$IW'VTRV-'CV'QHM-[_8DO#G2+:W*C2OFW`.PG=AB`$ZHT>\?$J[= MF,8TAKH^,(^`L.T`&_2'8.&V1I@SH6[JT\]CT#I12MW?/7*/+I]'XV_HOLN& MAGLT-.P/>X;09<1=Z>QUZJH*?=2S#$E(T3KG:5;/%CKH=YEDT>V>94FR=*FA MH?"62N3PN;1.%]YJ[8`-#46W<"++Y859M7.7LM,U-)36L1O6L;%A3;NF\7"5 M66[^MFPQJ"F/\+BJH>2[R:*C]_A#_)W=X9V%NHX,T8-*"=8CW+6VH#BWMX`T_I-TXD-WP/0=/4\1L>S8EV%4D((%#E3&E M%[Q-.Z%0#0:ZJFLM];^5YD2:DTYQ_G"PUI&2QD148\)Z4M%8;D1.(3W6"-RQ M04M-;Z7=D':C0YQOJH/U&W!I-T2U&T\DBDB`1P.EY3C%O0.FIMJV#&!)RW%Q MG#^PU+YE2\O15,Q5DV:38T6[5'?6DOI+VX/.;7-4.UAJ.6348C0:35:-EJ?`L3XBNDR)<7 M;:R.94D$/#1PRB2AJH$E,VQ#WB_T@58G%-L M7)PTPK,A'=W`R!M:#G<0$W=2ACH<;'<$3-JW<[!O4B0%$DEP)[6^JEO&5H*X M8'/Y1WDQTKJ+D39O3+^JH3W>AB-;V._;PMX<]/I"NWM=Z>6\A^1M:V`:VMSH M/5OH2U&[0L4V6T`9O;[0)1P72!/=:/G^7$ZHV$+O*[0)KH5L^4-!&+ M)IK9TZ4]$8LF4DXZ=Q.*\!L>P3.JHC7#!1S"3AI(;5X]ISP!-1W)J`K1R'KK MP!M[M]K)FKV=7YRB'*9'O-A^X\GI>=APMQ0\@06O>I>*1W3;R M*&"Y8#>EFSW\AD31'&!OVX"*'J`\.>5.UK6^,4PIA:I-H7H':GI*$NI*M_0, M:BXV#J"81(]TGERRDFA$I8T)S),^H^H,_Y]OT+W;!FG3OU`T M;5L=#K8[3;.9G%[4)JYCAJL[@GMBPY5)QZ&[8E_`[DSLKMB\I^DQ]VT"!DW. MR$F4NR9QC4]7LE5G)`[GOV?JKCAT):3>"4],;DVD.$AQD!N3L]F8X'4]Q5T+ M4Y*DT:&N6)#9I:,155D(QOWC!W:TV:^64NZ#NF;INI,]D@(G=UIG('#=B7I+ M@9-[.2EP4N".*W!;[A8;:7X!&\939*;\XK[6CN2HY&U>LK90`%GMKNUL.TLF M!;+MVJJ#BJ;<1XHKFFVG**1HRK)'*;A2<*7@'D9P%_:U_*.\T7;S&VV7;Z9= M=8?M.Q(%P+?Q%QK=3DA$7Y/8Z*%EHS?L'XEDHC5-+ZXG[U^M$;NV;R@7BXCM78)@[WLS>3F6G:_A MVR2B5)G"#Y-8H8%+7>5_4D".J:D'*3806\&**JX7YJ"?#1FD#NR"#KSU?D@- M>"ZB)]W*"W$KC6.KU`.D5MG;6/ET`)TIW95CNRM2MD24K<.4 M?TM_1.[(+H<,4L4)K>*D^R!E2\J6=!^D;%U2.*-_/"JU+UF?TBF-2`*K.H!\ M-1:5F:2#W"==*AF$;XE_$71HK"&3=)"%8Y=)!FD=A""#=%J% MH(-T6L6@@U1+HI!!.JTBT$$ZK6+003JM,G;;*2KM$[NMAVJ5,?SO'GL]*>^^ MW!XK;BNIMA/5?FJ?/HY!;NU[H:M^TU8$]_%DZOP);F3V< MW\LD@X@*Z1"G@<]0(8TL7;6&H[T4DG1[!5%(TBX(0`;IJ`IM%Z2CNH%=L-3! MT%*-@2T=U>XK).FH"JV0I*.Z@4(:J)JMJZ8QD(ZJR`I)QF<%TU?U^*S+>_#+ M"*WP=#N:XRO:W2FDJ2S*K1*DLZJC-2>CTJ2D5IQ-%9S%X2W-`BG7G#4/@B723NA M3I0]8Q4D(>2^_/S)()U@`*FK$&`* M\D"5>$(B&LO@;O<$4!XU:RE?:.BJI@U573-+Y$N/N.N<+SUB,<@@CY:M54#Z M2!V8NFH-1NTH(.G["L'YT@X(00;IB(I`!NF(;N"(:JH]U%7#LJ0C>CZ<+QU1 M,<@@'=%-'%'+-M5!6SMAZ8C*(&RGJ-1Z$%:V.^BT?,F#8C+**GE?.K?"DT$> M#)-QUDOE?6D)A""#=$9%((-T1F6D]5)Y7SJC8I!!.J,RUGI^O"]CK8+%6E_+ MJ[XZ0:>C].82]9S%*?O@`,5E"UFA;8IT:\]`&77GT-=IE9&NR7YV^,I(.JM#*2#JHFRDC4Y<.JLC*2$9@!=-5;V5U M:TO5SH;1EFM$:K+5JH?_OE+&E\_$#)[>>M,J)OZ M]//X'8D"('W\A4:WV'.55:_>!&X60_V&N/P&@A`]?Z?C7J[=I1!(O#.YT^*^AZ?V[;^'=X,[4V(>K MWS+I+&"O2"JG&)<4)%OVF?-^C8<67LQ]+^V_"A%G/*(XU/,9U("H!D6-(?5[YD#D34' M+'A;Q<&UAL(5R';*HSYKH4HVT"1[B&0K9M:P>J;0WFA7"-FR=SKH&5*^A",+ M2(LFR7),LFR9O.Z>I3*&QZ795G[NV5FG'NX-6NT_UP+]*OM"![Q3&NV\>[?W MO;^V',O.U_$_*6##U%0%'>`#[/,%MW2GI^\)@V2MVSLI?UO+WUOJT.D]C113 M9S)H;26#9V\_];ZTG\V4:S:>>S04N"C2[:Q(EPDANHF[%#HT6S,I$*>M-Y8F MY^#IN:_D29D2<&P\XA_@TC+A8X@[TLOL&?V"9$IC!N]H=.3KRK14GG0M1?)@ M?QFJ:0]5S1A>WLZO!3'?CU_.:>,G"&TN5Z0-=6@-U)$QD-O'3MOR/\/H+_A" MF46A0^,+MN8G++PQK!&81*.=#G32"DHKV%U1,(>6:IB#=:(@[8AH=N2]%WCQ MA+K*0QBZTHR%P51-75/-85^:DJZ9DJ\TIM$C M93=WA?=QZ-/8H8%#.V!4VL]'"R!*+TQ3'?;[>YT,D,;D0I!'Z\MLE8( M@30BHAF1;V%"?/B&G]3PZ-&V)*+=L"#CVCO^U5>MD:V.=)FJDN902G6WI7H` M.T%='6GF/MDJ_E&>MMS\M.7S!R57':_\$H5NZB1_DB@B03+_W2/WGN\EXMB.#V$(WONF*X1L^>;'4<\0N@?"99)%Z_>& M0GO<%TH6J<1$)`LH,4TJ,8'/)7?3M3-V:+^S!]E$.UH%.(%M`%#/N%JC%6&U M;=I<`\"^,IQ'&B ME/BJS%#O&5&8V\T#U6I$2DJG;NBGAI"(@$0ZH7[J:[IJZ&O/,4DW34"1N>'> MF4+7$7F,>Z'$,D?.[J]"K.&*G#H24]L/-B?*F# MA"&%\*FGT^L@VU(M37I97?2ROI`YNE:Q,B7N`G8ADW@X,ITREVAJJFVO;;0D?;!NV7VIH[JBH]K-)IZGCMJL MWF'!4>,?Y3'-S8]I;G;@3>J^":1YR34O4W@Y>^! ME\0W3R1R;YS$>Y2G.=NX-',D^)7373FEL8?(MF(-#*VG"[U+[`HA6[\TI^@/6&47,#>+96:?V^\.U0+_VSL5LO.DADUQ[ M+@T?(C*;G(?5;;A9L-'DBG38X#(:!#;>O2FTB3PK&6SSKLY&>RHE2OS+.\_? MZ!TWF_4Y3>*$!`BLJNQWWGY70R8>]4Z8Y!J,ANJPKV^;B+]TTR2,ACN/F.5I MY."G6K:WIZ\]6"7-B6CFA&V0Z7[5=M)N['13GJ8.-4W:#6DW3D^;4]H-HZ<- MI=WHFMWX@\;2;)SBT(,.^PU;TS8\?_A6W&,:X7EN:BY>N%PVA, MO0Y8C/.\_&Y@J?9H*&V&M!D7)`$+NPR[[98;TFP<-]G17E/O(V3L#W=KW"D[ MUVA]==C?NGV6-"B"&I0CY-G/1@X6K,E@6VO"/\IC;9L?:VOE8-IVI][8D)]G M^&=\$_`9;F:SB#H>GQP)(<_!M7L.SK1ZNM#&H"L'0O:0\5:V(KK=_OT;%TG( MEL_!F3U3Z*CZ99)%'_9,J?:$(XMF"+XUN4RR&%;/$+I'S=F19>]HF.A^G='O M]8]),U'/KQS'EVL_K-P"_<2^3:T\0IIM27^YO?EZB'.C@CN(IR?T*3N!MNTF M2D'<6A"_DN"!HAR^^T$CQXNI\B7RG,,T`!?:^3P]I4^9:6W;!962N+4D+AWP MKDLD.]G-0KM;R>;9N[K'3OR*ZNHN4Z[9SSVO@Z4"*MB&E+#@3J@\F;U"@!K] M4RE`QQ<@P7U'*4`K2BX:W4HI0*)U,I`^7I<[&0B?FSY]=9]E#U7=VOI*@8MT MY010:+NZ9F=%AQ-VH.-5@7IO,%I256M?4ZZ7B^0VF$L?]"RM9<5X`6ZC@,+: MS1RW`)6WH-.,MV9!>WC&\ M/-L^EI=G]%H_W78!/IY,*Y^9$5LX;Z5+IZ]S3E^>FS_`7:Y=\?Q.YHWL33RP M78?*N4M74EQK=%G>Y+D)EO3SQ)6LKOAY%RA9TG44S74\5+^P0_B-Y]`KJ;K9 M>C&P5=O"1WAO)=+!T(2_>>M5CA=C"2@8+N^;Q':W5 M7^LG/LZFQ5E5BH;62-4'LAA0>H/G09A3>8/#Y4)F61UX3DPBG#LH+=F"0SCJ MC;:],8!_E,TZ]VW6N7<_S87VG=0'!#S`2!])]!=-X.]W/W`R^FS?3:O:=].Z M4M+`XP]B\U#=N%)<@`>H%6,CS-^&0V-H&5IED2MGW0\Z:Q?H+&TTT/O]PT/7 MW+-T#72V8??U_O%PMQUTEM'7AL/1#M`U,G>;/&>.;&U8`:QQPKV!V@Y=`W-H M6(,V@+J)(NR@,@7S^GI>/O*%S/$K+O[X?U_IWZD7>PF]I=&CY]`O-/)"5]^J MJ>X7Z_];!_*>X+2TXG
#+_$,1)E.*7\>=D0J-O$Q)D"K/(@7P(^,Q;X.$N M`^^.3?5M/J,W/[RX^+:IB?+7V^\?V1&\1;ZHLL6'3^^!,2Q[M)99#X*!(Z,^ MC6B<=QS)&HZP0O:W)*'OB1?]0?QT&_79)E7,*EF,J]_P@HLCTF0CU!R+7&SF M6#0Q,8?:4-..09/Z^D^#]>[(R7I#>P+L'(MHG\+@D5W=F#47K!+E)K[[/+[3 MC3LS',67%8\V_%IET3Q9?32TC^/)UM=_&JQWQ9/%FW"/3Y-CB0HW6)_'-Z[K MX2O$9\_%-VDR"2/O?^D*Z1C<68AYDY.AS_]NWX1K(!4\1=(""=:O]>1('56" MFKI6M\X2JWRB;/A'XOF8Q'@?1DPZ-K*B+3N7@Q'\I]\B$E>LK24,+L>6=C"! MZY%BVV8;C+4:VG;140\A_"L*X[A-=)BF9O=;Q$<#N.WBHU(BMD'T8NWZ+7NH MK\]O[`'>\5>_.?&'UD@?='+Q"PY(?LB8]__>AB$6_2G66N@@&'D.9%'PM))U M%M&$Y12B8RE>,VL^]JKX;!U9/V+O9>#YOUZ!ATRO]E#!@,I?6EY)@Q':F/!; M`U_?I&.=]1:,T/)*6L;CL^'Z@Z&PIV^C<-I;PR;(XX/>!&[-!XV_A+[GS$]S MS^UBT=4HJ^1;JE;'&VI9'9D7N`#[2\/;5,YC,NKG%/`23`/,UO15AQ M$E$VFTL3&DV]@*\8)L0OQ\2+L"@TI?DWU4F<*F.1A/W.T*JX)*%L_?@5X#%\ M"+SJN!'U":*+9D576-7*U\QW88"1IXGG3)Z?$H.IL,(=6%KGQ;B%-*]FZ^8: M9#%X.DT\'WZ-&99>^\3YZ_K6F81(6:091](T=*FO)&%!8-I`V9H(,,*ME(*< MT(S$R)=(<,9F*`>ISWBL1J:,"=2,!>"UC/?] M^7:%ZDWX&X=IM/<@RIR2"#COS0;+#`!JE,YD$J(&B,U<^XY)!]"[X#:.9D(X[,P:LP)"S! M`P7)<(_$84J3ZR5$*;Q4F9VX>!L$ZMHZG8B3I$Q;3SSZR-PIQ$\)WV9JZU!U MU-M[8)NX<(OQSN^@4*-*338;KN88LION?@^?:,3_\J9>LK[.M2%CNP=`K^?+ M()5A4?;QQU:&X'2T>DQ]'WHT?@HQ5IL\.RT7NP/9ORT7!MM4#G M^$@X>GR;1/22!5L\@CR%FY+#7AL+$IXSL[%[[##H@2BR@"=!*"*Z!9$4 M$]*4*`;$?GT;@X M]BI&>%TW>Y68G**S"ZN/&6K;(*YN])3;=`H`SW$[7\&N4J)7R?&[?5>%[4Y9 MKX[3*[K1,P2+S5=QV114`]GS6*3["T@<#9(#YRN>;2XA!,*6`[\8Q6=1->2R M-""IBZ<5E;$7D,#QB`_CD83G[AA[)C2B84)`/ZK*A\#I*1/R2)5[2@-E%M$9 MJ`RW*?E0AEOA%SK#*59G'=@EJ-ZT`H07L'@*&@/H$WG'\U(6E^SZ/-'JQXXT`1U3Z-*&-Z.L!OMA\X>7P,"`CSQ)$Q]%TD34<(D'ACTWVG`)+$43Q($&+)>.3`?+&-Z-LS*A,0- M'^HKG851@B'Q7-3_WTV8PE((,*OGTXKNN$7!\1*/_7`FZ%[A]%,OQBRI M\N+VW9N?<;*/)'(FBC[@'+9;@G#!%ZF94^$9YWE'IHFWWA=$KU3F[X(XJW>> MPO>^8MY*!&6*'K6A0^()8TWV!UJF1^)S[0[R%R77F'V%ES&CE&G]HB8!K`*% MQ^]]6OER1N;X#1O3I?=96LTA4<3,?YF[38'9R30?"26NS-B1V0Q(SL:Y)SXS M\?&$4IZACUE^-_S!\HQQ)24,3BZERB>0=V7$!+:TNLV5`1P^J:D;DO132KBW MXM`H(:`T2_U*XIAFNM7WR+WG9_HMJ6$7G*B*VW"/7K*::6'\XHE$O)(EYQ-D MRD<:,94XIH1EDWO*O]:6CU3FS&!F64M@5V`?#[C&S1T3_M#$@P%!T:;7"V9IPMR\LA8AH,'.D8+2_TQ#_F>$N..9^+7-5>+HY\U:1NUBB?`7R7Y2&[,VKW^DC M]16]_.KMJY\+&^N'3\O`A/>8NV;REB&@84"S-F!%V'2=^W_%"1(LVB">OV.1 MRX79L*^`W"#E"O--&/,]4/[EGD5"YZ6?*A=7K*R1BS+$I3'JBDITXQ;KIUD5 MRYO09=$/)MO?8*?D*`.M?VWTU5WJ=-:1]R-6#`!^4< M935]L*HL:$&4>_@1??\8_"?&BED=6(*E-Z#O4;GR";AA4H!1W3"ZCF';B?Q8 M5MDH]!$5/DQ9H^X?MY_?U74ZVY-XD7L](Q&H\N;7OGUYM\`-WR9>$8587#_6 M@$5N(48LXI!Y`-0O8S1$28"+8\+W8O@P5HJE#VR]4R0LVX6SP$V)LA#/S-;& M02Q71E+KB'LB5`Y>[30^B"W]PXV`O5J#D>][,^UV`'`_NW/PUN?MP5NO MT4W!_.3*%7B%U=UC7(H+L)>`UIP0W)`#$"Z+_8)VXO%14$C9NMGN(:(/A(6Q MLP`TJB`5#62P>VHN&41FJI9*)PFL&8D;6!^<#@SA@3%#!BK7C5OUU,ARP`E9DD M--"VL;3B;@BPX)@%,`7,(,6QE_!->UP>QL#@59"$ M$9KD*;`\"U60:IH)HQ$4W!>TL-&J8;A$,5/IQ7\AI#X>-6,]^`A;[NP?5H-`H.[-=IY!'&!9EW@?(% M6*;9O-EKI8AP,O*Z]#QJX+`B\C'%:O.G"64B$\-^E>5)'IEC@STOG8=8*@,M'*D"T M,0R"\`4\&+]JK6Q2-!<,U5.>"6*/Y)J**S,6\0?=Z:8.IH(P3Q$P%PS/.*$D MT09.8^.@F(: M;611#.+\B`J3B>SW"CXJ@5*6LL,#,XM@Q8P"#0^:C&'QY6#[_U%.3JRA,N"A\]'Y-F[HWNEI_,ZB_A2 M;GU*U["A/-LKS_;*L[WR;.^I>5J>[95G>^79WG,^ MV]M=!^03$/@=B=#]C)47O\/F_6=$(JO%`A0Q_Z2>.GGWY;:6.KDD3P7KFAT> MO//\E%7E`?YH@3^_P)_#\<=$@4D",C9[XWZNL(A"'MO`$<#2A^`_9^_G9749 M,]_/V:>GK"F/0GA7'B7@K=RP7JDR&3@A95\LQ4VC?)Y<2$]@AL4E*&K`<>C[ MX1-#$]LDQ5F!2>;><<(5[M;]$@N`0+S=X1IS\<_9^MGR,"9)93%_F?[SB`P/-@1EAX8OG4^K+>^9" MYL;[$,U13[-%OJQRA[LJ"YG=[E;*^HS%'94;7%&Y!UO566K'2RTUO=>71-R3 MB.W>,PJ6PQ#Z"N?+(XEF]/3E2\PE24Y+$E,J+K%(,NH9DB1BD<3LV4)?*'Z! M))&V1#B22"=8-))()U@XDDC%)2))I!,L&$FD$RP<2:03?$22\,]1[?/9A9:- MWK!_))(51%+$""<#/N(9`PR21=1RKO^YRK_X+==73>\?0&=* M=^78[HJ4+1%ERY+^2'=E2ZHX(<@@59S0*DZZ#U*VI&Q)]T'*UB6%,_K'HU+[ MDO4IG6(O?EC5`>2KL>"L6=&=/>E.Z)\W5YE).LA]TJ62H:&<3(J#DD@ZR M<.PRR2"M@Q!DD$ZK$'203JL8=)!J210R2*=5!#I(IU4,.DBG5<9N.T6E?6*W M]5`M:P/&NTUAR[4CQ6TEU7:BVD_MT^<0IX;;33]F!-H,L?I"RI%-^NH*IGR* MR.S7*_YOT3.LTE$,E!Y)7N(:BU]_R2ZM?Z&K?=-6!_;P9^G\"FQE]G!^+Y,, M(BJD0YP&/D.%-+)TU1J.]E)(TNT51"%)NR``&:2C*K1=D([J!G;!4@=#2S4& MMG14NZ^0I*,JM$*2CNH&"FF@:K:NFL9`.JHB*R09GQ5,7]7CLY4[`&2$5FBZ M'@DEHO7#A7E22CM&>DDJ1E$(`, MTED5VC)(9U7&:2]-)4EG56B5))U5&:D]'Y4D([7B:*SF+@AO:1!.O>"H?1`N MDW9"G2A[QBI(0LA]^?F303K!`I!AR=>5:DD>*;M@,DCK(`09I-,J`AFDTRH( M(:1:$H4,TFD5@`S2:16$$-)IE=';3E%I[WQ3)5B[T`D!:?J/']@L^A4/\5)7 M(<`4Y($J\81$-);!W>X)H#QJUE*^T-!531NJNF:6R)<><=%_&6@6+ MM;Z65WUU@DY'Z)LU_FI(AE_/0]5)"V"`&20SJG0 M%D$ZIS+Z>BFJ2#JG0JLBZ9S*V&OW5=%"[)5_)/<^7:1E_NOB M6[.F[2CW&PG]`A9RZ2_6.7MN784\>`$@.WEI6+U^N;QF5CS.VA:$EKWX(5"0 M!1,O#%0EF5#E33B=D6"NN)X+0";PKN.G+E7PNUD8X8-*.%;2@)(HH*X2T3B) M/`>COKQUK*J$:1(G)$#&5L(9O@%?QDGH_*60V2RBCD?8,$QV8B6,E"<2122` MO[V``>$0WTE]DD^6-TWPPSA69C12G'`ZA9_8A,H]=4@:`X2^K\2I,U%BZJ01 M+`FPAK_#P-XU&\)[I*P)`TX1>S\4&".9Q`H%0KG*_\"2%%-3%4/3^_"2N_XQ MJZ=\@V=@4;[G%-#B:\E3>.WX!,"=TF02NO@]`#T#&``IB#KXEZ^%+P(4!?S] M0`,:$5\AC@.J@ST[BX`"WLR'Q2#H,P(D@,^$_5A9J1:$;%\BJD+IL!SQZ%3]#6,4-V10.H",B3I("PN<5@"A2SP,B(IEHW%-V M$)Y1IA#ZBTH.A:(F52;3'@=4`C_A23!>Z+4#(M7JC4;[(17Y8?L1;*VO#OO6 M7FA-@T?0,@W*!GX!3<+5ZW[R%H0[0/B,$JR2=S-;TEL"@"@!F<+D-/2_`!^, M2O^7=$U5LA>K]X3RD?#AEUX"+KK#4?J5.@`+V(L/(#R`H9O2PGV)P@#^=N@4 MGJAWGM\>$PV>UTF=JQL0;;]B/-Y[`0%[#C:^@H%;9"@2@7E^'<(_RHO2)+]Y M]?[F]G7Y^>VKGYG^J:.P'.#[S$5+7!OAYO9[=0!TN*H_\U?J4WP*>Z43C-!? M:Z9:>^M#D%"4CNIE`A_0P2G\H/P)Y<5M>@]^K^ MZ$G@OBH=T/(;Y$]1[^0*[FO(TVQ$.">]/"UT18V?I#,''5`7O* M.Q*!+B`N=TERKWDU;3SF*T^])"G@:X"?(6\"UI7YJ?>4!HBF1R],8YB-KZZG M_$G9M@`\YXBK)/I(_)0[U`@%L!5XMPRG##[V-0!0<F_BO)[$[K>.-^)%4K'T/K7 MEE;77F\+@B"=OX-H1@D!_F5[QGNP\4B,=_`Y6=@>W61"#D"\"9$94LK%^5\A M,@9\!T,%"[H*%HT+S10,[`E)`&8?5X/C9.R'"LB'OP/&%7Q+#CJ+/A9L,38]VD"DN+2!"6, MB3E\`<^!@YC>(ZLGR-)8'IJ4R*$-R"$E8 MR;4PY;YJL^8>L"7@6RN1B#/Q+S);-O8BD.>_4_@6!@*6@G&&2RJ]JK&/K'-W M5[=[.)\KPGXG=3X_DOGS>I?]>JV-5.7J*RH:X#?FA;S)0CS"MC'2)! MY6=1^.BA=#IL:XA*F\%)P"<,'D#534.7^BA&&.H"MJVPT9AI1SX#B;R8?8=K M=NIK=O(U\W!)"LP<4S9G!G,^R$/JN>C;;2B638[2.O]JT"1=R,\5":LCB'U? MQ0_:&8_I=(P0*@4>;/E6++PB%1F#X@+9QT MRF*XCSC3OP&=^&)/:=H453@33(@KTH1R4`H5\@'O:'A6'Y^]ZZF:OFM)I MT_DTJOIP!33U``^\]NN5S@,ZSV1QC[&.IH5LKM.-7*5O0I%=<%!-URG5#__\ M)8VO'PB9O;SU0!6C;QTDI4;_$OJ>`]KE&Z#CM1\Z?_WVG_^A*/\LWL%HZ;\P M`$K=MRP9\86)RA_`\_06PVGW!'0JQO=H$#.#\3Z,QJ"G@"E1'<.P7^GXURMX MF?UZI\-_46WFQC]D\]U]`0_L$VP4;L`YNXN3'_$=@^!#@*$G$&#\ M'5XP/C*QO&(Q1C;^=_A#-ZY`73C>E/CQKU?7_:O?=(,=A*K@8(_U-&!F$OHN M&)5WH%3!YZNN]R:^^SR^TXT[DRW7>A94[>JW:]WH6Z.A;B_`6IMA!P@*%*\' MH&^/=-TR]@'@4YC0/[=IM$M9Y2Q6EU9Z%P!&\?"-\W$=X0W2Z M*?.2//2P`XSBP?X67%UP,5+\B"_X]('E?LDC\7P>6\@WPJ`6?((;^'ON,_*` M-D9T6;@S!"3"KOC?&/G,_#GP!=$ESVH!QE5=HRKL"<;T7*0$KN+8+7'OIL`,08(RA`"]MW\A!1RCW46P]#M2LSY/CKC!=, MM$R=+7-5&Y"[1`GS^UA(M"`1Y@':G6]&/+?E(7?9D_>KRMKH&>O*;\1011MH M^B8$L;UZZ*,&R@SY9]BQH'?2?BJM*UAL4.%Y%IFRK!3;O6$:9T/L;3EK^9$A M$M!U;6&U7Q@S;?22;6E!S2[AA(%[^[$U2[T+MF*"Q4:%/E1>H":L!L]OV0,W M^0,+R$@_Q^PALCC'( M/9/)'ZY-R"=Y0$!!Z_^")5*\8HKXJC)+(\S@,5O#XP+5`AZ';?%9W($'>:@/ M[_`T'+`C,U#PKUHI6,B"*J4'D%DCW#\_`$(><$O^$&&=&D=C4=F1SK9V$)J( M\Y-N][2]1U%`YOPBKI;C@T7(9T"\C":$+17PDZ7H]IX6=LK_M3_LF27G6)Y% MH4,IV#=&-D[5"GEBT*-%2`K?6N#=?2*^N^C(T^G`MT4U(.*#TF<*5NIE;@R% M-?YN@Q6&^M;%0XW,L*)$BY=3-A!<9:5805&"5<@GEL*%/V!+FU#P;%N0T]YH MN/_RR@)1]-D76+X-.ORD6[IJM0$J:M"`)FV#9PY5HV_N/9":!66S<@M,U2[8 M$G3M2WW74QKK/]O`=T]O37\O\7U$I\0+6(EAOC4#JW-/N13G4N&!NB1.5EQ2 MV8[E"='*M@F,:SRCCC?VRF*6%G2HU>N+'E!AP13EY@GWKQ@YW*4RS=HBC*SW M!@U6P`\$:68!QS)06BD!*?^J58\8ZJJ``LM<(,_G];DYB&Q5W'_% M`7A\3"GBP8RL-<\6OZB[LUDVB;"P10R`\[P-LQ:/99BC,5#`%'<6SD!/"U/B M.&-$X1^'\A"%H6DK`.-3TQ\S5A!1^L\\FV14,+9+JF:PD1# MR1@OS+[3LW,962ZO@O^28O5*(E9\"-@N\H:P.:P6C96OP30YHU6(GO,O?F"I M6)KS?@.CUJ4"D[HP(_\R7JA^<["")V.1(&5I1(R`<6^'I,DDC%CM(2O=R,L4 M2Z^',=!]"W[,MB'(9ZT5!Q],:]+JN8JF.0>CD3H:]?>'G5M4EGDM7,V5$E^S MQ16EB53*ZP98P4V:8'[[@1\.X&3#K66NDS,%R93R7C6`YQ7':>:;)`2K73,F MK%ZW6C>PP2DTYKZ&P75V(($_^,"3?75+5TI9L];G4S"_@5O5^S1A&?5<7%7FSJ.YCA,&(=,VF,Y,,SEH?\]DM!K:\&+."7EU(9EB M:1OB'L_$@K_`2S=:#,^,PS3:?PF\ZIK!B&S&&,YGM?(E*6(:/>+6-:\^81F8 M?)VLW":S#J7?HC@3$F#1%KACS31E1B[(S_.Y"@I#M9YR/Y=C\<1O@_LK:/#D M!K`XA57,<^V?E6,UW3RU&.;KG'H^^%3_'(WW;^N8F6+ MC<9A#T]7\O-YGY8L"(Z_LO/DL"OU_>R?L_8QU'$`Z;039LNDRSZL&=*M2<<632C M-Y)D$8XLL.4V!I(L1R0+_[QQ6_CN^75&O]<_)LVVZB!U=KX"'#B")@CN?IZ?T"26Q=1=42N+6DOAGWOSK M)JL\JTLDJ_1B9\BVDLVS=W7U_G&W)Z*ZNLN4:_9SFX52DJXU!;M,"-&=T!;H M4%&MF%GTQG/^5?;A)3L*?^VY-'R(R&S2#;HU^Z=2@(XO0(+[CE*`FNG6[%9* M`3KM+9?2QSOXI1"?RQZP:MGFQ=1Y\>E1_#SQJ+<9Q@]R781E#U7=&I0B)5TY MD17:KJ[96=&AO6C%CA?;Z+W!+GW#KW?I4:[K@YZU?&Q5NHW=$]9NYKA/8Z-^ MJAHIT&F&OLY$25]/-%\OZ_]@(9#>GFG\?)L M^UA>GM'3EP_<21]/II4ORXC5O#Z0">GT=<[IRW/S^[E]W3QJ1?'6JQXK-'M]6P8+N^;QU:H!:[V< MCN("[E%O:\#O>"^I3SLN1E4I&EHC51_(8D#I#9X'84[E#0ZWZ\XOJP.[QB3" MN8/2DBTXA*/>:*T=6_`'^4?LF[AH%_-?=V@7N=5%K3NTIM_WFL%6.^L;HH%O M]`Z+_<:++O"J:,J[H6^OT;>\QXZ;CHC&2>0YK+=MUFF[=*Q[RU`0)2!3&.W] MA]N[[Y\^O'WWZ=N']Q_>O;W[=O/Z]W=WH](Q)*NIT>W^H_UA;R"TC>M*:[$] MI+RMW/50Z**0KA"RY8Z*@]Y(DD4XLDAI.7%'Q9:C$0E<( MV;ZW+W?3PI&%9<4E6;K4/UUT2]4?](S^$6DF:E/)XUBG]IO%MD"_$R98V;O5 M;K'L[;)E^M?2N;_E@?#OX-T?HGNZX`9/:#$5W,A)H=M$Z)::,K-N'\I;DE#E M/?$BY0_BI[PW,\K@5B)X]E;TK-IB'M'J-C32;#2YY]5(LYNE9J*;R+.2P39; MTS;:4RE1PO>JO0"C=\:]:H6/;)Z^/'TP&JK#_MJ>,-(T":KASB-F*4!QJ]D# M]7/HPT[2G'2B'::T&VOMACG4U*'61CM,:3>DW>B6'"QTU-.&TFYTS6[\06-I M-D[1$D6'_8:M[=$319H+:2ZZQ?\+VPQSVS-TTER!6*VGJRA0JA_^^4L: M7S\0,GMYBV?A)J$/W!*_^SOUDOFG,*%OO=CQPSB-Z#>@ZVL?GOGM/_]#4?Y9 M>^U#'*?4?9M&(+]?V&DY7GP+^&$_Q8H#4,$`7^GXURMXCB1>&-Q9=_H=VI>[ M;^'=X,[4V(>#'$C[[9>GY9`":]C^G?*0V2=X_P?W&!Z&TF M^2T3J(+`%>%:/$:7?>8JH:;AGI.,?@N2H6TC&DM5IWPD?/BEEX"&<3C@NM53 M2APJ'(E+HG#NQUP_!\I-^I#&0*A*&QKE$XE=\K?">%KY2**_:*+\_ON;K=## M#<,_]/?6:/AV;37G6DA?L)?_\0.`?//JT\WMVYO_6W[S]M7/8"X2;^R!S*4Q MK($D;"%OPNF,!'/X4?'#X(%&(!W3F>\!"I^\9*+P@93?O3@!>5:^IF`$^_V^ M]N+^YQ?&SQP9V?IY77(X9@_C00'J@!)(<*@:;!__^/VV#AF.JBKWU"%I3&M@ MN6"S`6YE2KP@@?\I1)EZ@3=-IPH.@[/]9/;A.]\'(2X.&9L:"GD,`"3>(U7N MTQC0%,>*2^:Q,@.=!(^%[$D7RZJS$\P^31(:]4HB*!]@0L!BF!%]`%7RNE03LPPC6M&"*I`?JO,/B7SC=Y7O'$5ZI(!/?P[C,`@"EX!D`FK&.,#BRGMM:8?#J8*. M:S)DDTR:.:,KXS3"EEKP%@A!IA/J?`%N+_R``K@14]W/FSBZG)?)!E-#\]HL M?.8$W9GI%+B,]P_()2E.[_]-G01%PZ4^5T15_K]),G4&Z*K+(DH#FL[K-]BR@! MIWC.[&IVT*SJK=W$=Y_'=[IQ9S)GS5KKU%I@L4LH&H;?9?[-?>I]IN?F=)O5 M&]7YM:O?#*T_&HU6S,^&WV'ZE8O?=_;O`;!O$GGW*3@/[T@4@)C';ST?/S[K MLEM5EWTM4JX'FJV;QJ`$[+F)]P71V@E$?63IUG!T'!`WVETM@6@-AI8QL(^* MQ2U!U/NF/;"'NX#X)XFPIC"^"=ROJ*/C2A!W/Y'434NOPO3<3"W!=)>-<(>G M!YG@O9[_[I%[S_>2^1N?Q/'-#R^^BY,?\5T^"=_$\YW/-U#8DV]/X;=)F,8P MW[>)%R64!A]9V?ZZ%>N6UK>&_8ZL^".9ZQH,86RVN*%A#W6C];4]$Q399*G% MG__MT8A$SF3^.WVD/EOSTN,?@AG,S![(%GUT?OGE`E"SGK&VP<*QEFV>B".$ MU"`G0Z(82FDO5]`8FJ-C4+``Z<0L"U9>-[1N+'A+]AK8`^,`TKA6L3^[THLV M>6)BYM`6[R"K%L/@B:$]NF+O]E!(6:N5K-,*;W?T>9QM"7F$9A4"MXM"+%)X M9-GF0#,K0&\'R@'6L5&H8FD=`U.W!B.1UK%AMGC!04&7R;)$6L?667P67M"T MH7YHOEIZZS6)/><$TM$,2.MK.*AD'&D-!Y6*X]+A,!+QW!K^G^OK]V&8!&%" M,:N-P%Q?PT___.7'?>3#'_\_4$L#!!0````(`".(!T>T67$+=@X``,?/```5 M`!P`&UL550)``.2',55DAS%575X"P`!!"4. M```$.0$``.U=W5/C.!)_OZK['W3LR^Q#R#<,U,QMA:\IJF!"P(&$(AQ\/N@> M=@X`#%SLH>#I\\&=N=3&(3`)=`)H0=> M4?@,SB$)^<7KP#T$=_@5$G;G<0'.":9T@@@$P\-N[[#;[QUV0*L5=7CF4$:& M`R!Z9K=7=\ZCSG%P"CZVC]N]3G<(NMW3X?"T-P2CVQ7A+6-V@DHI?13\?&1/ M`TS@@'X^>`[#V6F[_?KZ>OCV2/Q#3)Y8RTZ_'1,>+"E/WRA*4;_V8]IN^\_; MFP?W&4Z=%@IHZ`3NNA7O)J]=]^3DI"WN,E**3JEH?X-=)Q00E/(%I!3\OU9, MUN*76MU>J]\]?*/>`=,!`)\(]N$]G`#!P&FXF,'/!Q1-9SYG7%Q[)G#"KH5O MM,45V3GJ=WC[WQY"!@>'_X@[[R$60GN/I;!X*18TG;%@C=Q1X M%\B?LT%\.:,7,'20KR/AOAC8H6:N@Q>F>$S8T[D;\.8^'$\2%[<16KGO'^3&!IV-?*:>@-GS M"S1+?2G&=JI)S%QMN&#/OOSO',V$=TLPF+V[G755?MH.969NC,RA=X.<1^2C M,#78L_>VD;?BD^J6==M1L/U#=ZB!"SB!;#QY]Y"Y\3E<<[)Q8QNASQTYAG'-G+O[-D[U,>5@\A_''\. M;Z'#_Q=AVM*7,A83=A?=]T;AJLDXN(]U544\JY9+M9A6258=<%^1[V`J!O! M'^/0QVZJ1Y]G7IBD08U8%>G5Q*&/(L=BV?"3X\Q$?MF&?DCC*P+^5J<;I5J_ M19?_6JHV[MEW'J$OR%_$)_WUD(,S;C]A.!I5GW1P[`.XYAXD'P^ MZ!Z`.67\X!E_EN,?@%>(GIY#<6=&$`NSP\7G@UX]&/%.X0LF"C4(Q*"79*;4W%M`BY+-K51;7""J(TES+G"YEPCS[\"L.2@5O0I!F8 M:TL80=TS&NHXMU\P8230)DF:`66I1!%T?:.A2R?/<>ZL,LLJM&P&T%4%C?`? M&([_:+X M!6/O%?F^U$>7-[4)X,KR6.&Y$U[H*P[<0E^=2VL3E.H"6.%U$PL6S/$\A-C] M^8Q]QCCE3BA<2&`L;U:S,,410Y;0/!-4129IG(IR696UW3D+GIVHY6MI8J-! MK9:N*0AH"[H;VP:E`.?3-PMC#1FMB`$W]DN*,F^"JQZU<:Z><3&XVQ>IRE+IN-;KH46RE] M,^#5$\\*5RW2UH0NU!+UW`;-P%A3/BN2>>7T/4O8#%`5Y8K`'!H-YAV)O)`0 MJFBG.H?2/#@5H.PZ^[`>`(2'=9@RE]A>!TPB>$-IK+SL1LTM22>2R4%3Z7,YE":-Z9R MM9[**Q6EL")<_<+?.[XC>"+UBPD*\\!2Q2*+8IE85J`7+5_)QEM\VSSA<(#K#E)\RHM'8'P4>2P$AI:)H0BEL6ATT`,_M MY=7SH35-C:MH.JYO4);'Q73F05P],5`3;M]^=5?Y`85,:_S5OPO^'C(6[QQ$ M@DF3AH(V!@-="%=>/J$KIA49X0/T69]/3*I;A_R$"<7(`EQI@^9@K2FC%?'N M%Q@P9?A\'O*F*$`T)*(21S':):V:`WD50:W8LA*G6K[B`*@#RO2*.VM=_.@WP-TN?;1A%WP"S@CT$5"=`G:29)?%.Q2%5@18H^F MF(3H?U$%Y,VZ#;*SG86-?E%[J*`4*P+WM%Q7*'`"E^F'+_)342R;+M_45K(5 M>?-WJ]%7C]Y+.OV:UF"?'0+%)QMXL766$Q7-*_G$OZAM:"A#[RAJ399PP0+M M%['N^,5!`8^1QL'ZFOS426F[7]0^JNDE,I4CL_?J-M.QZR!;P%&ZAE3>]!>U MF,JJB8SF6-%H:G(P6?$2W[Y0MI9$FWS=HK955F1J)[:9FI!KK54]T\IK_&Y*NLJ)5]\ZMMG.1C4T[<`G:O=N,1IZ MB8W%[+7:7-DVJJKIF,M&TW>+T5--;#1F+_IFQ=NH`*1L,1OMWLU%0R^QK9B] M_%LVW5;Q,](>WNVGDH9B2S*[6I-$E-&W_#(97HC\-9QGU$`2>IKC!(C4FMLGK'L`>RL16VAG-+3#D8L-4NTN-J+ MVZ5?4NS4/%/;DU_:1A]6[)[?PUDT?L:3!_XQ1%Y2YE%>=2>7VCQSV`.<69O1 MT8:FJZEI98?IRX70HU=,F=>4SOFW)L>31(DXV015UNX7M9!J>JD8T.SA]/6^ M/E>?1%AR:GO0Z75ZH`76+/!CVTLN`)Z`!!]@S0B(.0$?$KSP,]Z"&\#8`1$_ MX/+NX7?P(>+I]SI.?O\0>$)O],+LZ@E^G4\?658UB1@4QRM42KCK]E)+:?I\ M)C/<"9CT!,WOPSR/4Q'M5!G[K35@Q0'?[TP(&A+T*/Q&5/0NTI/$-HJ;O!]* MKV2Q*CC\+>?+]SJU)E@RSE9C6'8$4?$YVC\:6? M.%)KG!I#PUZG?A>A@ISJ9^-+Y-2+WP;F&4'Q%R<56C8;_B(A35P6WMLT,?+9 M@P/QHI`5,P;XD.#X??[8C1`ZSJ*A[D'!(9B=S,8HI"J3.NYM$W`5%4LO31>>_-?5C@ZLKGR`M%YA/;BHRE3Q4^) M[CFNXK42P]01MF0C%13<>L4M]O6U=I8K]]*``) MO&3=%:D:)&:QJ^[M-Z"]:J)J4?F]3AS9]\#6TT;VGMZD<9R=-*(N0:+/](R1 M0U#S=)'50KS^$'BE2Y1JC;FY''6.!BP@&QR=?!QV^L?U.)K+ZI"=ILH0-1UI1 MX-(B@B:@O%R^E&E'@GAQHX:C7T'XTLJ`^7.Z>4FZ_H[X[O/U^G>Y_X;LO49G MD."L5!AY`UN=@'3$JTMIR_*OELMOG+58F8*/7`4GKSQJ4$A;P3*FK2Z#G:FI:_ M-T0J.Z221]P$*&USI#/H&R907T^`U79@D*+QRW$RLG"1,O/VLYV!/.OU- M!\O[;?&.`>]9''98,@'67*2=[D:+!#,UN]^DBB2&GR:I8YPF.2@>I#F4YHW0 M/)TGAZ>J$%:<[TP*4SICYA/;C:#:1&F4@[UR$.'OIL%;Z/#_10VCY3DZYNL2 M(7ATWQN%JR;CX)Z7.B)1E0EZMKCA'V37\KG=;K:T"W\`$$\`2:[`A^B$/G?" MR56+F#4P"I-MQP$8@16'HNH+!6<+()BL^^2!D&2ER;7XLKQ/3E_'2,\OL:8N MCG)[\_Q!*7))Y["=G'8X_?5`5,>_K%$M98F6.T;<[=US]:J46RIH8I[EJB&5 MJC&D*]\.:[I\:G-V'AT*V3__!U!+`P04````"``CB`='&Q-"<(05```G>0$` M%0`<`'-T>',M,C`Q-3`V,S!?9&5F+GAM;%54"0`#DAS%59(`L``00E M#@``!#D!``#M75MSVSBR?C]5^Q]XO`^;>9!EV?',))6<+5F.=UQE6R[93G:? MIF@2LE"A2`T`RM;^^@.`E$12O(`40;9DO226A$M?/@"-[@;PY9]O4\>8(T*Q MYWX]ZAV?'!G(M3P;NR]?CWS:,:F%\=$__^]O__/E?SN=?U^,;@S;L_PI*"/_E>6$,B$?I&!-DG!_W3H][9Z?')T:G M$S9X85)>S',-V3+_>?7+(&S<],Z-7N_S^?GGTW.C?[LJ>,N) M'>/"D@YV?S[SW@S.L$N_'DT8FWWN=E]?7X_?GHES[)$77O/DK+LL>!24_/Q& M<:STZ]FR;*_[[]N;!VN"IF8'NY29KK6N)9I)J]?[].E35_ZZ*LJ[M]FJ;)2: M\V[P(R]*\643R=.8)'^=V$H#'_CKW1CI#YR:]G)Z+^WR\QM1R/^@0] M^-.I21;#\0-^<;F6+--E?7CF1@D`AZV[Z#A M..W7;1C>HK<:>;Y$8T3X4!^A.7)]M"8@\<,VG);NHT;^;CSWY1&1Z25Z9ER6 M?%:R,;LR+>Q@QO'$>_:<.0?8#78Y0<'/M>"YGHZ;D\0?R'38Q#()&GD+_N?B MWB3,Y0N+*-^$1$H2T)QDUGB-%ASZ3*P88J'5*!3UOFN4QP/SK)\3S[&Y\,7D MPQ;US/`*S6KE8K7$#&=B`>;BEF7ZLQE!%I:+\@B_3!CM6YPH7J%>;JMWWXQ4 M1H@R@BUNM,E"3RYFF@6ATF.-O%^9F'PW'1_=(E-\%FMJ/<:+8LNZ>>E3BOB_ MKGV#S>=P!@E_M_ML567HCI#E$\*G#VZ_8WJQN.$+L%.[`&HB1[?45G`<3$SW M!=%K=TW:>.!-9Z:[>)`DG5UAEV\2L.E$.*I=;'71$\K-)):JZ#*V&\M=C-AG MG$N)3G@3Q/*?472F:/J,2$E"XU4U$FDZ3CG29(60("Y%S-%2/"$Z*WX>_CUGVM3]V'"-P'2LR1F.XYF:1OU.9E\.I13Y,5B M7>;>7(CO^J\FL1_-YS5*'/,9.=()5G?[W1;$$_3/>^ESC&6PF"BS(G.-X3Z) M$\P1OVPK!'_%N=LCW+[[>M1;MC8FWE2+[$/JO4RN? M7/O>,=T[G?_V\?SC M^=GIQ[/STY/3TT]-@&II\`!$5:I$```M90M.1P]/MZ%5EHJ8@CJZ]!RW%PL6 M'(WC)PJ5`E$`4'"A)+($(1S3UPQ-LXR-.AK6!!5IOV\)$&6QQ&:.^NR.9I)+YRY^)%:*>:]/R9LQ+?'-GWD8 M6U%&0]*2=GRE%AI5YZ]-J+.2&*`-W\HB"0+RUR[?Q)Z8;SFAW MGCOG>UQDZS&$RO??*`)_VXG%I[P0M<],#?"2&+/9BQ4$@AI%[>^-S9LM2[48 MQE^Z\?AMC3'=+?)WE<*ZYYMAW66C!F_56#5K?%AV*^*]Z67`Q':7Y`G7*HL* M1RUT6U2]C<4WDZ:+14&\5JDFQ"BNFA:CBYL2JP`LJ6S.>,^Y<32EFD`"JR4@ MJZ3$*(O[KD30L4U]BH4:P%R1FANRW"@%(4A9`J9196WP`D`+0:KO'\BQG[@Q M0P;F##/3N4'<[J.YBE&I""$>4U%7*NP!4)\D2.3H7T]GQ)L'`76@!#$ MJ*BP7+X`:"J3K:)PO4K%]L+QZFREA]N+#-)=C:9G\O4O<2R[K*K#2J#GTUR% M%W$&S2_;MRQ_ZCOB(/PE6A_SXG\[*#P#UI]ZA.'_RN\SVI"IL`9M9\,G,=1&I5 M@;CYU.&JKD1`;C[-:HQYO'X_.P7EZ-.GVE2V=<2(^:)N^Q9[F.#9++),!A2F M.A_4JT%P[Y6!YRJBJL2=]O#]P*?,FR+"K6B/X@Q74&Y)"'O,2@K(8DB[S)?4 MALG5\MH$BT\*Z`IE^%#5JT'8WE72AA)WT#9NV9P6.>F4:K;GI2O!F-JJ$S,G M=]5'EV!/3;709\@R"@4_`N\\5UPPD^U(RRD/>^HLHZ8H5\`5-BBCK4$KJLKP M;]6CJH&ZGC2ZMNJYPE#)W_5IT]\E>N^([@W1OTQG"[HPUB08'U9$&((*X0D+ M"OT"YV*3J'A"TA=Y_J^<\JT<#8D1DN/C2BL(QZ=5J(78V8X45@#,DG&R"=RD/A/$; M*G)9@:`@82'EK"N1WUM83C)V3J66DP@'4.2=#_]H"2!KQ@9*-@0,#=*J(@:] M'JB*'>KL?\N%-_6GN;I(E($PNZ<`*"KX!,4`Y)PV'Q9Y.POJM.?G5&(FEC6: MO1KLJE(1-Y,U9G($KCXB#T@X63TT%UV<-W:0?L$H# M$*Y94=93%08!:>SQU=M.8[(!"#>IZ-*89!"2QG@[6XZRL`D(MX]HTUK`(B"] M77E^:LY+V18@W+ZA2VL!A]`,DBBW"B9DPRKZI,%6A*V#)3MA8'F;'5QV$\TZ M3DXT&OS9/$(.R)=\02^JEYS`_&FUP/R:&".DQEB2(^L!"M`+4?34DI MV4Z^3)20W(,GFP7A!.5S)!_/CMED`L`$&R>K\*&%[.)`0BS9H,I6!K!W,VI2 M">B0S'9J:NQXQ\![1:Z@(N?P0+((A-!+$836)P62U$,S`..<;!A!N6,A4KK- M?/-A"A+";4J M<*3=7]&W;1PTJ*(+M2H00B,*:E!CID$-]*?B`<-@7[;>K:2+/ED60BRCO,R3 M7&@7]CTWXCEMXJ[5<;!SX_NY1V^$9N:B`/;*52&$*U15HKIVA0^(LA&G]8&):VW6`%326WX#$`(8E?68SQID MU]SZ6IAHPF+`9* MMP)A):T`_=C1T;(\`]#V-\KPE&\WA^/*P[U<$Q"\]%OJN1S#`)1\B);M:+0L MZE')RF.+%8$PNDHH*TX\M.U(E+K\:WM22^Y(("R7!\@J*;SZ*JOPCD3+BMAH MU2G\P#SKIWA,!!$:O'A8+0NS=[)Y/5*T[7\80>MP4BK7_N[")R)IUAN1:B\" M;MU^*]M'QW2%#RKO;)D4$"* M+)1`E@"*G,EU--R>W[D^L:2_[;FU'=&\8SO#[O[N,43O$9'4IAG:B0([,>Q+ M:3>-2VCF]R6>8QNY-N7<"`"%?EX^>16_(Z!4%8+/6\^@5>,?FL)#]NAPO*(_ MR_605A*"IUR/.E/9U7_:Y^6%H!>3H;[/)KRK_R)[.!XC@MV7>VX8I$ZE-C'MI,&?C1 M*/61?>E+C,D[B"3S]`Z]RI\RK5S%RA".J&BR:14E`$[M@L"TN3>M`(3+MC2I M+\)E`[-JVLGGY+01OGN?-KF6J`[A\BTM(BK,B@D?ZZ#'3B?X^\"B[\]A_$!LARWMQ M;Q)^)C1-!'-HK,1]VQ;HH2&Y\I2##?*+^ M;$:0A:481OAEPFC?8G@N;@21GXV+T]",Y(1WBQJ7'"3(":N3]3+*\$27( M""@REB0!/\63W.T^<4D1R57`I4CVHA>+;V^(6)@&KG/YLN$V1WNV[13.7%J9 MDYR\<"T][<[IHWH063R!;BE0L,N[$E^;7%7(6]^R)R!IZQH'=DT@S!;A`83; M]03ZY-GN`K.Q4W"RSZ&;?F]+:@FXYRIJ&3+KH%N";_TQ4KD$OWH%JHB4@)L: MK4$5$;X;4H5X"K!(&=$R<%.:=:@CRGDS"A&O_!7H(UH$;DJR!G5$&=\-)UI% M(6PX>G3:.#=PCQ;5);XRQXVVW5CNZN5:E?V'H9(F"\H)FW]1E]^[W`/$4)$KK)8=P[-F3=%I!H=.A!=)P5P#TJV@NHZ1;MW MR%[RURJX2Q(!]R0I2'R7E.[>03S%X&H#Y*7)@'OZ%B3,2\MW-X!>5=;>*R*A MU*>XW"FLNKH$?(JX.037)Z!'Q2&CQ:-X0)-><[Y5;0JFG> M&R_M*J5YKPD(T[P%";N2U_W.7V?8C?NWVWB?X7#_=NU=`4ED/MR_?;A_>T_O MWZ[L#J^6;W6XMGEGKVT^')R%?'!V-^X$TG%N=E_P&X_`-`[?9/=P$[+@HC%`KCY9'`AG"+&]X/BE>F4 M"/C)1>G29.L7YMLSC15(@YN-!A?W9>3[?@9$;DH3@%%1FCZX*6UPAT9I(;^? M\1$W^."-C]+TP4V)@SL^2@OY_8R/2"X5O,%1CCBX671P1T8Y";>:Z[&BXQ:9 MXK/DY\[D0A`O>I?+Z>B=])(Y':)Y0[9O1#LP/JRZ:#EE8\5_GU+$:-_EF#&? ML>2Y!/[I'E1XX-3$5]B9U'9$U<_)>/:%X6A]XNVYA( M5QQ=+%9__H$YX(DU6=R@.7)R,CY4*\-)!6D",]&)2E5"`);4U.EDD^C]0RZ"OA&M)\_?>WU0R&:W?F,RH9[N5F^>36@)#C4PG? MJ8I-XQ"HSLY*Z^RL%9UEI"MHT=D91)U=+);FQF+@F)2JV59I=5HPJ8JTU[Q) ME2882.K.%X3D_,GUGBDB<\&M1*]X`<&U>"TICR2/:NNROG[A66S9`RH5-/I$ MOGYWQ8@$`L;&[@O^(5Q!(M(B+R&Z-1>]$U[H-/M:SH(*H"Q(W8-H=65G M@5#T*Z[OO_B4/7*S:_+XZCU./)^:KOTXP80AY*IJ4ZT54`9G2RI6DQ2D!:5> MVV[#M]^,F_4&PAF#ID2:NN!H,=%W]5#"P*03SJGX3X2%YJ83VW>N@R$9*"U1 M']2DUR#P2HA(^Z7AX13\[6V&B>1!Q/)R5K5D00BI\4WJ,$\6T-(!HG+QI\N[ M?V9(G,'[[CF<L.7:-OK"@T)(G&Q<*01.Y! M'H[NI)M#ALTN9=@ZE+U3G\0U/M[HN?/PB&LL-GL,( MZ?P'#8*XQIFQHC4:$=Z#X&[1Z:[W=,G"#GM"X5VI<'".'IRC!^?HP3EZ<(X> MG*-;.D>A;6<.)Z]`^E,/)Z]TY<;]P&RR,?QI?/S346)7&TX&LJT2.70U]`5J M9FT#T/6*$^ST6Y+-#"X?$&/!<"R<>#5TN"_NZ*:PJB+3YDZQU$/\",V7TDM" M4']W^^(NKW9B1H=$*_EDOW0%A<\F1?S#_P-02P,$%`````@`(X@'1]Q(E%H: M1@``$Q\$`!4`'`!S='AS+3(P,34P-C,P7VQA8BYX;6Q55`D``Y([2G;NDDM;T;CHL)BD1)7+/(,LF2NOSK#V]\QRN+9$+R?MB=MBH3>!+,3"2` M1.*O__9YDZ`'G!=QEO[MB^.71U\@G(99%*=W?_MB5[P(BC".O_BW?_V?_^.O M_^O%B_]XW2: M9T6QCG.,_O+R^.N7QZ^_?GF$7KP0#;X)"D*6I8BU3'ZN?SD5C6?I#^B[5__R MZNNCX[^@X^,?_O*7'[[^"SKY4!-^(L9$RB=-?;TEOB`B<%G_[XKXLMS^\ M>O7X^/CR\VV>O,SR.\)Y]/I51?@%I_SA(\WP8LX M++--*'#VM_LTA^-O:0__)/Y\'MSBY`M$*3]=G2D%^K[3EF!ZQ5$F]+_. M"9H.3OR9*%B$HPHIY=>,%VN>C3-KE#:;A9T&$SKH6=Z5O"@_%R^H"AU]^_J( MR47_\H^W0NE/TNA=6L;E_BQ=9_F&?;23VZ+,@["L&F+P>4N6?*]JB)3U)._B M#/*P:IK\TR"VH'@59D0;M^6+A(\L9U_GV<8)F("1.3#]([E-^A)UQ,EQD>WR M$+M\Q\KGL)[&CC-'1NR3<%+WAM,7GZZ_^->*%05IA#@S:G&C7RK^__?75ZS+ M:47K?*"I13IQ%!TH0=!IP^4%#':@Y6BP.'+N^SA581CJ@_? MT']0-?BFI0;D3[5WNR'-]B09_KSL)U?!HQ^Z_]MBGU?>L=KS4YJEON4)Z3&B MO;Y/@CL)[M[ORW]-*<#J?-":!E&BI:WS$N=Q1L*/Z"WQ%1J- M[-'!V:L4<-]P.T0@%BQ!H#9E3DSBN`A1\J5UX'U_?X$0`&D"%0:((@1HT:$?"D=.-WE M><=?J6-&->GRFF""72F#BFY1?="#&*B$(.],"DO'D#=Y0(^2KO>;VTPF4N_W MY15`"K#ZZIT?%_W4DIX'WU?0($ZTK+-_'RD:**=N$Y/MMLLO2ZS,)?K^\#,@P7NY*>>U(]5$]@6B:PV=]" ME%XHH.&`B`N,<)1!`N-$C'6%.#-J<7MP+G"Q?A^G01K&9$&<%;'FE-6-%?CL MP$(LZ6F"A@_N?,$(:J!_;X*$YD@0E<.X++PXA3PI"@+%H%M](A@MDD-MZTN7 M8G'-D'4_W,]F1*BBFN5(O<1Y@<^G00JMFB**M]+0`2VDHBJ`#_6U1PBDME(4 MRC55P+5XYM002ST>`_T'.+T^#8K[DS2B__/NMUW\$"0$5G%2G@9YOB?AQT]! MLE/E@UCRPNB]DV!M.[!B7-PN'%`-E8TPL7PJ]H\6^PH%):I:0*R)64QG6QVP MZ9`DV2-;P9'_^-/Q\?>K;[\^8@;TI^/7QZMOOOT& MQ2EB^??TCW0;:47:*;8X+.,'G!R\6S7>KL[2!R)SEN_)`"@&JTL"8SI<_*(-$IO07,&]H&T55.&..!PY\$Z0/.;S.]@3H, MJ03E-M$$?O/F]Q6F`RWUZ4]SCO+#\4$EIQPAB;@U!M&[1@6]PTK3$- MU$MP(L%:L"L#C+N:NI!\(V29&>QPP7`E&)V2,B98V%D*0]G^>-&X^]J.%1!H M"\MF#\.++2OC5A7L%I5VNW+F@-,T]]IKKR\J>IEG9/E:[B$1G;5BJP"M_1X M0QTHZEF@YC*S&-U)3$T/,'N9P$B\.V=9(<;$[^Y5;(#!YPA1R"_$EW,V)@>N M>.!FIM'?HRL`6SE"+OI*@C$F2UCNEPC\=Y_#9$D4M##FH@7>M@\IX>(&H4$QT!&^3JN5OR:'4G=W[-#A'P>KC69AUR3JQ0C0 M*L0I6V+)58=VN0&M9^=QW887745 MKZW-MKR+Z[L;L('BM=A95-QNX,^(-P&>03*QC$5'Q@BOXS`&C%E:\.SRJ'0, MX)9ED5&EIH:T'K<$I:2E4QZ9QV@A`%.MJL/C`UUPO0TW0Y,82R MZY#(-(;2HQ8#?&J,DP2]4PLA3\O-`UKNJ$^A@;Z<_;[%:TS`1E?X`:<[PP2E M(H:Q7#WTMMG**1>W61V,84D)08P$-;"U.F'OFFI429)S7B@['3?\"M#+6>C/ M04X+2M#5X55\=U]JKGS:LI7KSVZ'W2Z'![L;YATRX-R9;>W>!\ M\Q;?EL;31Q4QD$IKH7?46DJYO&IK8`S5FQ"_((Y_@RCY"C5G[]5.V(>@W.7S MK9#,6W@NXG#53P@+8D)%A`EJZAGY'2+V'1)<%+4);Y2?`&RE9S1B#;T7ZSV] M*2N)H5=]1D4:+OSF2BN0O@`QB0SG1/E_0&V36&`)Z+J&=3)I7U:#+&FC%4C8 M90(I&`#3@;0B#'*"I-0PB4$:*(H,FTX`"F_+SE(TQLRGY*6V7HWV//)[>!%/ M.R>@^)=RXI9DXE%:B7.2A31QY*0L\_AV5]+S-U1FZ#)@H1[T@?F!PHF,$<`C M\\M<3+8,F*X6B902[":C"G3OYF*?#.*FHAR#[`*?"'L*7JEN&^3H@3*@/QV] M/#HZ_M_H^&AU=,3^#Q6\C%VP*^^S//Z=<`4EO8%^7%U%/UJA-$LQRIH-O`$) MX%7`909%.0;-C7W`PD!-14-M#:`!&5"Y'P7<3F6?'LWR17RD`(9I2YV2D(QR MAUQ3MB9,:"V%-Q1B]GBFQ5UZ=6LX$T<=(7+($YQ]"[(:86UXB0,=YM=0H?A M+5\?*0;"AA'&`NQ%:EN$F6MQ"[&%--"]BA%5G.C+%B\2S/-<5#6NVD=+=%*5Z'R?Y6^SW6VYWB7#*J"&2S)N;0#M'8P1M+.CX-+`\OL, M[NB&T4M=KG6=Y:AJ!4EKU<+>Q9E"6%G=VKI@K2_G220RN,C9"RH16ZA>XIR] MOV-U+J!F]N'4R22:^B!*Q0E\-J6'I3F9$7LBA!\1N^,M\!T2^E8O?W`)K)KF M%`+V-]M]L2[^E-5)O;UO-0I#)A^L226*VHKZ',#6(X=CMAKQ'%G#Z(.E.`LC M+&1PX.27I9BO*TS68S(?'"%L'T(YA MFQ4G>-*"2\!FP0:9VN`8R72S'3R,TPX6S9\(;?!,J3$\TW*`6XU-8*8AA[02 MRRA&^CPL=#PV6@S_(K&!*#S/RE;PBMH32^B"UUH!)X6W@#8.*^V?-17.7?5M M\'?5'OHF>B=#@PMAD\M147J0M=,%K4S;X62P>3MM#,;$'4X,H]@C4'?4&K*P M?)AMT)%U\1I=;'$>T.P3/QX< M%[<_34^.#\F@$K?D<+MI6ET:@*0L&0!)"A8G`[\DY89WU&6HHOQ<,!4\^O;U M$5-`^I=_7.\+8AJ%:+D'3TJQK-II0%*-D_P\B[)%6;BC#H3Y#?,HJ8XD[^YR MEKU:W=M&T2ZG5V[*>RS>S$54;/;?19"P9S4+WC)-M:9_3K-\0XNQ$!$*]OOM MKHA37-"'E-=$T5"$HUU8TE9S7.[RM&B=>O(,A2@N^-'HRUFT76:8]F,DB*IJ M`\O:HS-,P.0_HAX5QFN&Z@A9JCTX#O+M#)R$$V)]3HI#L;A7L M)7)!#1[)C\&>SQ;6=]!H8IT>'5R(+P7<#_0[1*#AO@2)JG@BH:2IB/SJ2)G5 M8?TVSTB\3B\4T]SA+(G::X(<;[.VN M%3>)(.LDC4Z:F,EHD(X-`%CJ*!%K$W;BAK'M$1!MC3YJFNY'T]SVF1,0T3EA M3"-,!"_&N-6V'C5+DZ% M66:Y>:Y6:`JGHS_F65%<>]0P&CGQ*0;>UL_;RX;@[Z'GQP1H$X"8Q: MVF+R;"L M9D6/*@;P;8'Q(F#!`%@!\0H7F&C9/8E_WI+Y(,FV-'X6DBAW]+0\4!NS%H)T M=VLU#`!;N$8TDGU=SL.BSA9791I0Y]T'2A(U7(!'<#@A;=X1(3X$^:^X9=ZJ M,Q@-`]!!G%&$SEF#V=@VE.SP%J!NPQ!M7&PJ1@`(W.#MA.E&]GF7Y2-\&SS"RYEQ,J;I\L+9QN#1! MA\^C58-MB.C-*L%J=0"_*K!>#<"L=;M.5F+FV1L4P)K M\1"T5(\;,CA-[F/0Z#(G15]2XIEJ!%HKM`-L6@\0^+&:CUF:=9'K(Q83$^"C M-491!@_7*#E@'J\QP%$\F-+FJ@U!,`+5RSQ`FIA10EY=>M'W%IC+A[-#":*@7:UM,. MP>):*NE]\-4)#3J7!*?+^%-;A++P>9E@'QRA155O*XR[#8W0LIR5P+P-BCA$ M[RZOX8R\*D%>E7$QG"FKR6%,WP2_[054M(L[!#T0I5[3E#L4BG(*E`_P3+8O MPANJR9;B"EH_%*8#7*E)QA3.U-[&R:Y4 MEN=14OMA;CWP.H,3I.`FU\$A2;%EO_IC=E9P?3&]T6-[P!V)GW%\=T^:/2%X M@SM,(K);G%^LF:73A!#>Z:!BI"(PFJ9)@'L4$PU#?;/BP/9@[EI,`GJ@MU6K M2#2+>+OT/@&?3^AM@TJYAP53Y\X6E#D_CT>C:A[@#L;,`Q*(`1%%T78%YB\: M9IOMCATNI!Y&_HHQ&0R";D7@V`9,Z#)*T'9`X]3`XF'."'3#"1JGV29.A_L9 MZ`5ZE&LY3)`TA;"@:Q9/OA:XFU&Y7+=A4[?BE:LQ"6OA;%1-^.)N]/B,*AQ! MK[XF$FO&59EQ:WWQ+[/D"Y6B\.+%^C0H[M\GV:/ITI2>!>K52K,8W?/<01CM[L/Y&P_2RM<\Q.PC)^X&_YZ35M M3$-@YZLC1>X=PCJV`G%2.PJB],B&Z6W5%+K=HR\_\07>5ZA)2&Q:!+\C.)GP M3/`U,UA63;))E@OJ)@`?I(S^:\=SAXJ;[`I3]8\3W#F[ON\@CE#/\L_ECF;$,.:KDU7M,)+W1FM]-C-TJ8_/S6?!#>0>3V0]28<^6M( MQZ_:IY/Y-<"-N;=X2T#'LKUN.0F,(Y'!;#N`]N^+&^ZP<\E"IR$!G,4VM`S3 M[PS%Q?HL)8NSN_@VP2=%@4M5LIZ)"6AFL1*E,T=H.9;W]A9PANZFQ01[U?%P M^-F:N,.*#3*TZTCR/DX#XL'3.UIVJ&#'-:+NN-5`Z-A],!2S>&J34?,"&X\) MF%$/ZP98!3=^6;UNPP?[.EC"J'JAFTBAPM%IMJ%N3!>`J(B! M]M6TT#L[:E+*Y??2-#"&NVB4^,4MI69'RA4Y9(2:QP_L.OR/09S2X/TB;?ZF M?CW`@@\JEK44J!O@&I@`HEXK1,-$AB#/@[1$0;UT@KI:,U:"9M%'7>LCEP?V M'2_ZLAA^B_G_MA:RI\$V+H/$_+27=0-@KWTYBMA[`,R2&^)-,"=HDIM?G!%] M637Q%=UF:#9F1#/@NS('2WIZ3_X+%[U-%+;>8!%;$@>W<0*]H3(4\R3DH=H5 M#C'Q+62U8SU",E9?#%`MEM[TAGP>&)T*U-#W"T*ZU2X?'%1B2"Z(VCQ>"!50S02"_Y"PI_S.`@V)!Z?YGC;1!';\5B76SP MD>4^*[JAW:4=VY@OEN(BNMZ$;%KRP+;L8:I#OJHU=)8BT1ZJ&JRVAUFB/"_: MPAOUQTX/&()*VJK.&`L`,R9EN".-T?6E5%K051G%UYPQNIFSG-D7\]6)9EB) M23@],$\U+$5%)+FZP1G71`+XL'"Z#/:C5DTUGR]6HA#(;KTDF#RP#2DB]1IC MR\D\TZQ\1RRJV3%P$7[`ZI%^*<0RJEB/SP\MDX*R"X<$-VJQ^[+M92U8)4.B ME@'2B*JX3?\6DP6?+^:C$$AO.STF#PQ'BLC.:NK%`\@+9H>*5*,'?P#*%(Z- MF7@T+?AB0$8A798"?LU&!FR*F-H+SVV?HG^:I>0/._(W\6.6:DKX'=2H[W=2 M=$,Q[GZ*K$6/[ZJHX4KOK1ASG,$J`'HB+[B]\_*W$]PUTS;DE5U;B&QARYI6 M?+%?(T37NV9U@S[=ZYA,^/Y=L[B6U@?[O0SVXN[*2?C;+L[QAR"\CU.<[T_2 MZ!WY"WM!3#%&MLPP=NHF6MLV[3@7MT<76,-##(+DGJZ\LC7"%2W4#O+\DO@X M`QX>\5HWZOO,>&#$:]FBQS/F(1&@S0P"&O$"R`MN[_6MB4,C7FU#7MFUA<@6 MMJQIQ1?[-4)TC7B;.T#^1[SNPOX6W(OJX6%_C<)?CZ"V^51FI MDAKJ?68M^.[+S%)2@#>9-3@D;QA7U#2\$_2(,D#%JF[X+UOH_XZ#I+P/@QRC MJVQ/_KU'ET%>DC"W0)%$H@57?7D68AP5[XERG17%CM[2NUB?LO*=UV46_JJ* MV\U\0&L]6X$ZRSP3T_(K/#M$D@PUSL?];<5)=9#S(L8,,ZU,(U/ZZY^`;YE:C]]'KX.M&[4]WCQP'6@98L>QY%CUD7;5DQI$UN!K@6!9%[. M[JG0)VE$_X?N7#T$"9W_+W$>9U'_:%0B2)I*GH;MFHG:!GH,>;QEA5#H0]([(HX MQ84GE6&#DJQ?+];FN%-""!1+*B%WXL,!U?(QGP+",%NKI7PKU%$_YD[;"M@J M&!0DJ%5UF-;D2;*"](A^N<&?2_2&J,VO4#N'MJ(K;`.P'A>_-T!BR4OR$4*+ M@JD:!J":6T81.E6VE-3+U]4R0!F6"]IM-D&^IYIS'=^E\3H.:6V7IAU4->2% MLVUA'(I*;9:9K&)P;)F!RE(YB=8I4V7%N7S9*@=80[TT*2.X@SY,/&NS@\R! MYW?L]V218JP_)".%RFI7P^ZFKP_I`/+452!T)0^\<,4U]"9L,CE@/0NPNFC$ MD*J-A!Y.?91@E&JT]RO*S(J:;/'O.!)2="6W=]N'-PM5IW.: MX>B6\3RL38`JGU,`5E_59.VN4*OE557*9L6V7MJE:_R:+ MR<@&L--DB\>U M#BU`'.$ZPU-6'FNUXH6;[U4>)"(-Q;5W_:-;`\TJ&"N\).7`M2FH?(1Q.-45 M*45S;!4A4W6O9IC)Q\!4%W'Y#6=1ULTPP2BI8;>'%>!EN[X]4K#-7"D.]1ZM M(/=B!NB)X'X*H6/T0I$<3Q+47-#J->(TH-(TKQSP9&)!6LUM:;U3HR*&L@X= M]*Y%R"@!K$`-8Z`BYUEZ]^(&YQMVGYKM]YT2C8E+]#X(?8J\NU*9G:V"V@<= M,KA5*2FP%ID\#5.CLE8C'WRF,WR#%0`F#=.[S?=9$A&AZ69\N?^8E28G:F(" M2A*V$J63'*SE6#XIV`+.,%NVQ?1GQ-F\<*IR:>S=K`._3_IFZ8JMF3W10GM_ M)U5(VH1?@>\<8L(9V_L@SG\*DG8`;TJQU+/`F)2-&&TKTM$O;CAF,`,EHBR( M\:`/.*`<_+:=#_Y;)H[)9QMX_%$JK6_6,GBA5B;GU-*K%I<'7O=`8=I&`IJV M%>W"4KSUWMFA-N>UV[""I6E9B]5+SS+R0:1E68*2)2A15B1X][RF8D&O&7OA MF+NB.5PQLF'T0?5LKQN9N8#5SN'"SD#IO`J6IQ.KL27`"DK99A.7O+9&&O'J M4'PN#('=L`JJ$T1M!.$267!I:OHN2.;E@[MFF#;\VU6_'"W5M):7+] MKHUXK*_:*<&M!3\UUN13VRH;#%36JWEC]QM$M8"6"))H$[5V=Y^C+`F<";H(B+BW6O-LR>_W^3/=@RPQB'FVAM2['C M7-QL7&`-=(XQTTH^G2)SOW!F!&Y"T\OFP7Y]:Y/4Q:P<^('W\6T%E.[IFYCA M]O?MD%ENCZ^0L#%O;.U@.>NRE&%VHP\!BO)SP8SHZ-O71\R$Z%_^(?(8 MKW"8W:6Q*,Y*RQ]CL:V\BRQG28J-2BQK4PBUE%623Z'\I48 MGKK;:D@L18N2S@#5[Y7-S6UL,G_RK`56>I=9I*XD+5JB`JX7[X,ZL/MV;67Y=.A;C<(5' M6WIQ2YM"[;96B+?&M@OK]EBUB<*[.&'JX7@S&`XX4WX7Y"E99=!W$!@XN\C< MR`5CHI;"M,W1P+*XZ5GA&>A5Q84(&V)\_D7;XR2C3V[4TGUYGA7%5TS(ZE4O MVA+Z\HMWE]=??`7Y\M5C:\6>9RGY9\B3@EP6O.[-0+UN-4[<[GM6;FT`O&`U M!J!$@1\[A:([#2UNI0\XO\U,CZ!.(C<)?0E+LF=O\>%(/0:`8:S83K]8]WT3 MW4@+R=3^-DYV)8YNZ$UPXZ'(V-:`PMG#A.^$M..:6CZL/02G[!!XNQ/;Q_0E M#]H$6Z>)1A"9DWS0[;I6LRA,XJC,)G9H[;433ZZN>EY`_;0!ICT=K!M8U55, M?V&-P,>!4TEYT4@Y,NM"L>W:+4!=5(5EJ[H^K'B4UHA&MP*P\3I>V'KGU;T) MF*W7L3C-)8,#99GQ96Q.N?GZ?$76;[].)G?;VSSE2M$6B?A&1L]*]9H2\0U< M_I3EM2U/*R_&"VUO!XO7-3&_*O$VLU!][LS^AMW;NL%M)>N=6O*A,9BNLIDR9J0GH MFF5V^(R5OE;HEDP934NK[IT#7\QT&N';MNI/R;/&!=&:0HYSHXP%>C94BR&? M_X;T@#.>"HQVCA.UK/P()P^1A1A&K\35Q:XL2A(WQ^F=#R8B3RA@]5MX5@%= ML;+_/-ENK^.Z^+$X>@SPZ"86+,H_#$O.!^I3&<[A%YU[\=((C!\O%Y3EVX9V#&X5_I#MK^A(FR'H# M\EP.4=BL(]?U4M(A\L`MR:Z+G*7;GA]C5V>T[0O M?COQS1Z=XP><>&#''W'Y%N?Q0T"3MYEHE5#[2J*+M,;/X']*L]L"YP_TD[+! MHS<\4EHTF?E#J\!CP?Z!_<=2`RSU/7-W#N>WEI%,Z_-H6G:#@9][HR]K&%\U M+H$N++HN8(7::+C+1%T\_CE-H#%OA4:G]W2ON"#CQ:*DMI_E<1,-S()T_^>" M.UCT&C475+TXS&FBR5[UMGHH'1=NMLU`K\SS:`%Q;N0#4+IX&%?KJ MIKQQ"U-+W3IVK5J:,*'Q>E^4>/-I>Y<'$2X^[C:W..\)IJ$#2$K4`:[3#F5$ M,(F%:B2#+T[]=)F5Q".GC`Q]C+-;C-Y=HX(U4J`X+VM\)+^C#]O5SZ5MIAFV,RU+P[KQY/B&%,((2\7@8;E(KJ>^(WPQ(*PZXE;QDEW M;6FWB/:+?N$]>U528[Y!/&@Z6[5',;`:Q>559\L`X(2M! MVMY$R["X6[!`([DC+ST,OD+7Z!/ZA;,"&>B$XJ@$\2@L4#F;\SC%9W19/M:- M633LZ91O/21.$[RQ5?^F-C_N\*_[>(B+O$USA_B M$%_B/,ZBXZD_AKZO)V9B-@,WB=7I.GHZAFB68GK;K$+"NELD^D6\8[!$TZ4' M$?'!"3M);GD]*H48E:UT5)Z`$Q-)N:T+!-+SDQG[>6+.RS1@DS@N52=/QVGI M)1C86I7_?I.A2X+_GC17E\"CH?8L_H8;[;LTFL7C.(X`_Y'N3PO&5]%G M/P,O.'S+3-6''\\L,WB!&#Q<#=Y69I(+/GR:!$5QL18I>ASU[W_)[:*'CO`DZRC73M_.BOI<9+I\C0*VD_1CA>>X()WHF%I M]E+;B2Q\@%@FR[-;Z@(-W%-?Y$XT;&*$R+#M!#G*>Y9)?HDGC=P7D+D7?ZB7 MQSX`@KCQR@ M7*']]S?IA/*0[R5#)=:@/9Y=:EGTC_%-@M?0:J>FI*O`JEB$7T M+#"K/QLQV@LV'?WB:RPS&%D82Q20Z`1:D_^+U*]X36-V]!:X+CR=4X+E;*%^ MX^DJ>/P0$%\3!XDJFUY!"Z/]6N!MM9<2+J[O&A22R_#UXV"$&M7D,,LP%^04 M[D8%%T"I?\[R7\_2RSP+<6'4ZAXQL%I+H4OUND,)I]@2&#K-IN0H3I%@`-9M M&_`5XJT<,8!ZOX_3N+C'T8]9%AG5NT<,K-Y2Z%+U[E#"J;<$ADZ]*W+$Z(&U MVP9[#?A.!AA`N6GMM*J(+<[)4L0DI80!6,F5(D@5?4`-I^P**&J%1S4'JEBF MU?GO.?H4WY'P0GM,X2R$^)G%Y-EM0;HI0IQ"YC%UGT<4CQ M??]/0@CPY)\2A>F%S?K=7JC7_-R18_$N)OQK8;SN)3[-BK+XB%6:K:2&??U+ M`5[VRE>/%.PU+RD.]:M=@APQ>E9+%D;)1\)?\ZJJZ1T**0>DNF^S@E;<9U6Y M]6Y<00NEZAK@7467$`*HN1*%1$LX[81GMI7B4?V\6(N7WF1[]0I"@#-.+>3Z M[%%*!7,FJ(&B=@24F)9N53R^-^^)F;>(]>=)HV!3/TOS)'+H5PZ[85'UK#CW M"U:15)_%AS!:+H8ZFN[2`P?5,C"FV+KU>+W\P?9E#GA&"'+#2@=O>P$WDR=C M\@3@#]"K9?I(%--AJ:EF]L]HAJ+9FD_#Z94A]6$YFQ1+:@CG6,+:[]0<).`Y M+HH?6D+X;'6=5,KW9&ZHR6W%"S0#60G7=OY$-P/=;8G)3O)4? M9:#5%D5ZUE9UMN+T3/N&0EEI7\/FC_;U,2FU3RC?2B2+6X*T_X%NM"9VT*+`4Z%=\!T(%IG_'2?1IS3" M^6FPC>FJ'`JL`TCT(L1UB)UGI$P!%G!K:2 MT7(UAL-$>Y_E7"`/[(CAN,^2Z&RSS;,'7C1?:T!:#AC+L1"B;3(:\L5MQ8A% MLG\A.%";!=@T9A?#@S7&N:%FO`VC9RN,@4A6"XQSL)KNMI!<=U7.?:C'KA3N MQSQ3)J&;F#Q3N(XH5LK&./Q1M!88_5L]:H3A_U&D];YPIQ*@RL^P,`_ M#'>;74*/"-[BINHK^7>"V0W&-#K99'D9_\[^KI1<%>--UCS0(F+BX>DL-29J M>_D%R:3`A\N6IGG4;I\6Q!`],.MI][%"/6^QZKH+J*.UF8>*'[ZU!RQJ]0+G M5>@EAA*?QP\X.DM+@CB^3?AK\(5N]C6SP7@!6W':UFWB6=QJ[0!)[Z.4^`7C M0PUC?7P-.`V/E(@GA\2-*-#'TAHY6J;=]A/N`Z)LR#N+,HAL:6.*5GRR.BU$ M9SML3P+MYKPS33>QVV(%&K$6/-K9;)-LC_$59JC.X^`V3N(RQH;,<@L^H.,? M6X$Z!T(FIN6/B.P0#7>3!=^+G#.B%N>\MXLLRA^/%8J83;ZCY5Z"),B9(+=9 MNBMX5'R+4[P>F7L_V:J3PKLB`NB-1D8(MA)40.ZMZ7I4$*LS*02ECLCT^X!K M&*+9\S@4V80?`A)K879UZ#T>7!^VY`&XG&$K2'U/P\0`>LA2'8T1J87"\I[^I!=PFZE%?<8ER@B;HE54K]-XKN`/R1$8FN6#!H1^CS; MW=W3,EZ"E/J?;;!GY=CI1=^$PV)_WS3`T)H@>XD^T5IA9494=)W@L&3]UWFF M-!C(T@I6TKA&]&5$$#_&Y7U,?DXQVN,@I[6FQ9\H>9KE&[(*H,MM@IK>4=N' M!%*\1DF6WN'\JY?+7E,9^94J&]8-(V0-`1(HXJ*\Y!]<[^I5Q%"U`W30NW4# M9)0`-0/4,"3U`C@Q$M3`MZB=L%6HE3\G@$+-&<&4F*P$R4- M]-Y)DH02X@1)"4-VQ1P6X=%R&]VS3? M\[F6U;0/%.D6W\4IK=6WG&`VYWKV(E5^2"A9##G1"BQG:9AM\$WP65FD1T8( MNIZ20):LIUI44.NI`02E0G!*Q$BA]@V<09H[%%=X&SO#A97ZG46B33UMHX\4!]^=#N&1A:+P>;,L,ZO;&^6*_C$+.4U^AZ M&PP>;[9A@'C1PD:$YL4)'370BQ!F2,/7`1@/W8ABI4DRQH82QH<*RKCP3ML\ M0D`\.;"((!.9[%N\R=*"JQ9->BH*O+E-]@XV;-,"L%';"RFUY0FO2SKENA+<:(IKHN^^)OEA07V.?`"3Y#D0%NO!"$: MS4JCZHYWY?2`R0TZ`0:)#3)BV*0&-2+U43F[*EPV3/+RM,L<]\^'?R;EOL(T MO4#Q2*4EHV?J/A#)2N]K+O\,H`=-O>G$-*G%S2M-HYK?'YOP6R3]I#>%7`JC M1[E*KN6+R8L:M9TG#VDU'EU%/4M>V$+S5H+)RLYK&<&*T%N@4E<8%LSMISU7 M]&U/7G8)NIJ>6D1#,3T;1M^44%=*S\SED?H9"NGI=,^/,GIZT;1U].Q8?50] M=24]&S[/U$];<(4!1I6.SEE12KBH.ETBPUC;R=A&!]&N*R:1:V8MU M@,F?[HHRV^"\>O5%;>4J2@##UH.N;5E.!F.^.BS#&SZ"&%740!;J,VB]%K MU94O>L4+R'(GD$BPL@K5@AF]GUTBN[>7EA3+A]7JN:$BHQ6G;VO5@5!V2]5S ML**,UIC<5G-^%&7L"66K1'G0!4+_'%$5P3-\8., M$$9EU)#;NC*D6EQ)5!"&RZZ^5@`?%G2!:P\'Y*0^*(9Z\U]&!ZPI8\Q.E=5PKMZP<&'AA=MQ*DK?1:AL6UWP+-0)MJGN$L"OH0 MPC*R+&@C=#VFB01:OP/I?A]@1\^K'Y?7Z6[/PV].?P>?VQD*O;]K4P!^88TO M:WZ&^^#;RYH M@'5S"J2P.RRF36@#CS\[+=J-9RV#%SLNILUFY:Z+%_O,,HD^!)^IWK_)\CQ[ MI"%EL"6_E'N'05$WX8_>F<0TJ:&*WPNMU(.S5=(5$NV@NB%4M015IF9":4,N M[;J6=B.DO:VE#172PEKHN\_;F-\=?AN4^-AAI`:<_MBC0BB3&?;8O+`^*29[ MHVO8$>4'>EKQ8+F$>6V"_[:+ M(VHCS+HFS',3:Q@"X>Q.G.VI/]$^M(F5?H5QT36^RW0;IKZPR/2]$2^O'+UP58HIQJ=;XU'.P5E#5 M#'LNNVD(\980:0H@TVY*4>L7D9K/+[XKOZ78?$\0/W3SF!TV`JP!K_U02\01 M?HAP^^Z':H@`?JA\S+SU0^IQ'S4@(3P2[=U?GZ09&W>O1!OSVR]9B&OKF63"+N*;WI/A.VP8 M>`M>>Z:VD",<$V7WW2\U&`'_@FZOT? M(FS%-)W+J?B].*#3@[.W.-'.4L?CHP[M1LHZL,OJ/5&?#L??XMOR MC!;29A&9OH*>A!+JNJ02=/?*Y(`,X-JD`L.PU'!XCZ-=PE3G/$OO7M`:C(CR MHZ:!`OZN65G`M86;:FZCEJ`YZ-W@7\,-J9B="IR'Q1D M"%^M)@TML++T@1A5AC*`UY,[1(*57H1#BDAECSBEO6FJ1_5)(,I&R6$V]:*Z MOP,5BI*!&'S:O^,@*>]#6FO_*MN3?^_199"7*=$@/@4"%8RR`L^H%H!I*!$U M[T!#S27GQE(Q"FH?9I(!>/5$4I,"SR,]'.;(X]R'+/S+/`LQCHKWY&.<%<6. M;@U>K*\Q67+AB$)6R&[!!_9LNIU`O1?4]4P0CZG;()+5CF1\B(X*JCCITDCP M,F<%]G;W*)G$YB)?_>/!P^.'/*,113&=?X/$1O?M6"">SK`3HWDT0T\/]%R& M#2CI855S2A74;2":!LL>K0^SS39(]V@3[(4*H5OVX%"6LM^#\#[&#[P"%]U\ MPGE)HF*TB1-=)LB!%P5V.&=O";W",&J?6R,0MIU`( MIQ`M[A0.D*7AJC[]XWTX";J!.G]((YVQZHAO@!7MVC_S'235-K?C4A1G98YPDU%F2O\=E0F:` M,D,Y#G'\@-'QT=$_L]F4D.05#!3M,"6B;9R**77'FJ)UDG.Q)*[G1/);&2?- M9!G3AY"V0;RP11XVH@TW'8Z:GPX#:P$PIIY#FMS[(,Y_"I(=?K/_@(-BQ],-M_[-I![A$V72R!AU9VU8)?UQZ&N3Y/D[OR'*)H,41 MW[-QM4KG5H"*0X\3ME,WVJV)Y4M*C\$WS$D0K:"JF2JWW4=#G5AD(2F\:;XK MRI@LP?#%>O1LZ=8$C%&.$;-MD2[\BYNC.[B!8E9-H(NU[U/FA-)&;0'A;9&F M5-_@?*-)!NF2`%TDD<#L7!1I_;[\19!!Y\.#;':%LIN_#O,(D#58V:$QC%Z* MBR86`M64\%K:`ZU25D$&JK,=#,-[.X22G3GQI`MQ6V=:Y?V>`T[Q'?60MNIK MP$UKMU5WB\2.;XP+R.Y9#20CW'H0'>?89#0@CP_(82 MA>2IBHH6,6+HRO9S0%]P%XP`I)OWY7>B!IT/MU_( M?XE+'M#;G@*L]E93GPCVHZMO,'4IP#Z\]JY/Z].#7E&:".P!F4_,YYVE]/`I M?L"T*T+SM?IFDIX>(,?)1H`ZL4E'#)/-9$8TT`=*(.:JFA$Q)8&YQC1"!!EZ M)A;@#:=%OL0!EOI35N+B$N?7]T$N+7S7(P"P12G$VO@ZO\)8FP3"X*,R&EJP M!Q64:EE;F@#@@HDW\4,Q&F64YXH?X(J)8( MV\Z-(6[T6W&I'R[XY+L;1;'#T=L=\UFL(BU;9Q8?\2/[216/VC+#A*ANHK6C M5CO.Q0-9%UB:^8;M#K`8-R3:232S8#M5198`+H*8$+*@4D8`I$\#B!V=J7]= M7B]Z70^W52F!/+98YCS#B/"$+(BH9V08#]O#4D9"LOHI?=?^(W7+\CG`@1TD M+G(6KQ4>6?-"14F.`-65?=YW*OMH9V9819CIV0R?)K!/L[6V\X>J? M-;'L+/S4!=-/OI-)U_$%P4,0)[)3P(77CF]H63I:6P>G!=/B;'=)VIU2M\.:].)CA'K>85XWS1@:552X]VWW!?@=L&B`WJ6ACDFK=$: ME6D],F*G+&B\.7V'K2X!N:MKAM'\;VC'16MLH,/01YGNP+1]PC+O7Q8%[RUOMDFV1[C:YP_ MQ"&6C_3'+'W`!;VK3P>U8#3#X>87L\0CH>.4Y8+0#B%;,M_3,9.[%C?QM?^3)=+/&<:E> MUA[4).`I_X'#,#C[']D>3$;`06`5D99H$_%&Q8O,*[YUM=*XK+IUH/AL^O%H M"HNL.26)I9YCF%0]:9V+/U&ZXZ7=O`+$,PNHM$.]2)0E1?!\0B^->%#QV*IZ MU9ZNSEJPH&X7>#'V)QM:Z?!W/G!;/CZT\/X?.:H3[_&*K8+!)^GO9[)W"]BT M=\&&A.Y$%F_V[S[C/(P+GG-U17UP^NEQ`'.V# MU&I7/#BH$/M:/'KEW;-=>>(B;O>H@L`OB2`&`OY-ZXE'55,69I:>?-JMGV30 MS!OU!W7CR1[]!#)8GT=.9*C`97@.&,?A*&IK^DIWJ M95!H'^='S\[W1HP`QD"+1G(@T!I)'T4:@TD-*!&HH_0&V,Q8BVGDV^/W[Y M_7R3R7LBG<%?;':209OD&H*Z&T^L=0(9YKAM=5'E*_!>Z36C M*J=NOEH,%FD@RPUB<]],L+ZZ/KFJ!@0\CU955:GEYVL?K\V>=6S(P\I86I&M MJV1)6_&K8I8&XJPNH.JKY06@GGN:;'Q4UEWS/=TXY'V3]EOYN9FN"&%AM"E9]2WEOPR$\53K'8SYBFP>)(5-;K M+%#'?H8I$7CJUZ8?9"=_-UWW_OG!J65;>)U6`4)5K`[>-ZG ML!`W#9DDS(?POLXPGJC_'3G/$G#YG8'GZX>G^0`.GMC;K8:Q M!]W9(\[%D?>,XIA5DPY6*%&`*1?\$P^.40 M9QU7+G6V[@U--2B);#B>J+/[M-TN[>P&73X#9Z<8QMF<7:^_I^WLI,(LZNP8 M@F?G[.S&5>GL^*!XZ>PL3M+>L2*@9VE1YBPWN[@H[W%^Z?FQ^5#^\R?K3;]S/RHS+!`/THA_.$ MTY:F&7`+/\K;>8YNM-Y%!?.D$@3/S9DJ!WD9?SKH_AFY5(5L@%ZU1O2<':OM ML%OX5F_/<:88I[KR:^\LC`7F;\GW>Q_$N>Q11K^@/3>'[/Y9EO'4]KB>D0MW M%1K0M]=0)>?X#"ZB>!$%/./SE+S"\[L4R/);E'AP6@,[='APJ+32U_F#,(_^809WS/;0X9^8$@ MCCG^2'/(*,D].BCYX\XATWPYYSGDV9^_T+1Y_^8/-W#/;?(8\VD6/="Q0O:, MI@UWL?TZ!OKC3AL3?#GG.<.#H7I,_-Q>D<(/F9I7OTG&>>XH/SL.]S@\#Z-?]OA0O<$W;Q=PKCX)8:Q[;CG M[&]Q=SR_,`-3;9FCZ(`YA16J.V&/2K:[X4\BF_V]3__'A,' ME(?W^W/\0(Q`_5J<+3.P55F))K4/+2>:]NALO6H[^&DI+N@[8A.+:Q8+P"+/TNVN+)A;.98^ M56'%`6QM:B&DMC4DA[,D%1:=(G$>Q)F`7I$8+\C_W65T_<.NR15$%G02EO$# M\09!_BNFCB#+T5E$3"T.@Z2S/OV2M8Z.O_+@(0J9W*^=#>BU?P;TVLV`7GMD M0*_'&-!K#PU(+\AU?)?&:V(=:8D^I=EM@?,'NKZHQ!)F\MHK,WFSK]9K^],D M*`J[]8:,!WR9H19$L;H8,D`N*E1H!GI6$R)&Z<\J0K_R9TO]METPLR`_DX], MN-CBO#\*=BN/^?H%UNFY!U1J%W-U"F=;\TJDF]!:/5>KJ@A=I*V=*M:[9+I` M70#HS1X-[-Z/11C\'&A@`7A.T M$J%^6U!+#?/2H`6DX8F.X$&W) M[FY7E#=$R>YO'K.;^VQ7!&ETI@D??($]3J-" M\J80:XL]+EVUAJKFO'`;STAB%R#`W]'YK#]!`DG9.JMW$1)AD54_$9'/AA MC,U9P+;56#,OKOZ.R`9Z3!F9IK)_M)I8M8]3FV9@5O"32(D;3A2+:Z4T)7&3 MI7B/-NSL"*UW:03V=NK48DZ_1'GW>1OGS(71=$--*-0GA%MHR"'WUQ)=*M#E M@@R**E!$N"9&$:$&B?:G!`P3S.XVU1,J6TP+L_R4)00BW:R[&JKYF`;@`TP[ M$56AHIX;-.BS@:8+WUI-H*H-U#2"KN8R*_M]Z[%2MJ3(O;.UJ[CX]7V.\5E* M!H),QHZ6)F?WQ\YTXIFL3,;KA8VI@=E:&&T!T290U89G!N8@(B5]L::RQ)4L M8\U,$77)`)Z2$)"L)EGU<=FK5"Z,`%&9DTAUE&;%!1.U.4"S-1+!+NKGS_<: MDC*P>\(RZ3=J#Q&LDJ!@$FQE$CRMK=BY;T\]^:M2L]Z+>KJ7H":^\>31W:8# M!F6)0XQG<6(Q^_'$TSZ+L#]X6"'>#3,H:?I6ENK,CN=S^7'\P"6Q/V[0T,-8 MAE&`MI8KB1?76`.2@?9Q^D7/!K(R2'2+.%<1;FB#*!"F4Z(U%>4AD%0;6$[] M6]9K;P,F)AA#L!.E;0UZCL5-P@:.,M&=,'EE'*.$X1:2M&843\Q$=IORY[B\ M'R3M%MVLW>*J-\6*3%S6EFDNG[8O?RX53S9PILO'!W?DQ27EB:30QG.M[M`C MZ4]Z-ZO7Y:J?H;]J99K_)+/728;/JO+VDN/8\N\_`JUNO>GS,6LP]EQ\\TW M?,/3P>G[`CY3G$N@9?U3NW^@@\S_'L@I3T\7&\V.GV_1PT6MEWD6[<)2I#/N M3\(PWP6)^$\"DU_<4<;G&]D4[$5&T#8 M[R!.';Y;\,"$X=;`A@6V!.?`H:Y0*+@16!K:8GKWQBQ>%/-3U) M[1,+FK;"BJZ4%5"QDO2+N:'G\`X4)54>]K>44]\>]S`H?\-_DO\@_Z MY`+YC_\/4$L#!!0````(`".(!T>(&UL550)``.2',55DAS%575X"P`!!"4.```$.0$``.U]W7/; M.++O^ZVZ_P-OSL/./F3BSR2>FKVG9#N>=9W$]MZ'C>N__\O__[?_WZ?]Z__^_KV5?+#9UD"8+81\X/UN/X1N(T%]>-M9-%$(X]R)@7?Y\>O;SZ?G9SR?6^_?Y M@-_N4F'SP,?K$^?_CTX>SD]-(Z/?WE\O*7LTMK\FW;\!N: M[-QK;>E[P9\OZ&L6(CB`_WCW&L>K7SY\>'M[^_G'2^3_'$8+U//D_$/1\%W6 M\I__OLOD(&C!$6PMC^X<&?G7#Y`;?YP#;9)&D#2S![M"/WJ%<2>8_N]I[DWFK@Y;W^`T_ET!:)47)W8 M2AI)SEQO;/AZYX=OO:=:&JCW3&\]Z/@A3")P"Z`3>2O,@NG\.H%>`"#/5%M' M$CC7IV2YM*/-=/[D+0*T`#LV4F+'"1.DQ<'B,?0]QP/=)L\ZM$!J[H,U$FP8 M=9URI;_`>3U&8&5[[I"NL2!UGWC204"R@G7SAO?B@!W_K@PB<(5*&*`'N5\]^\7PO[@K:IF&$ MKF9S@-#DS@#2C01T7,?VQA`XOZ]AL'@&T?(6O&#S`QF4/OA!8*_ M$O2=+^O.D*@/XETX(K/B#'CNLQ_891#FS3]9@\ MS_"2[;M>5)"'DVI)]9@S>3!Y5E6/Z1)&.IR%U6/NC"/+L;:>,C.IS_I('$RV MY=5CTM3Q#F&%]5M.Z&/*]N+<@MCV?('.G.V`![<+'C`38V\-^M#4]5,'IQ;9 MPZLDMG/FV]!ST'ISZ_E)#-POJUYR%3L!.584OMYP$Q],YZ5?]B&:>>P#6UR[ MR;"T[L,!B;.1;,^59U7_:S^>=/Z:1,]?/YP3QI)JO>YX5O];'VHZ?DF>W;O[ M_-X?^FVTG-\XG*V,OASZ:[0M?$6[_W2>_5G(3BSFPX?CQ#^![<>OCAV!6;A! M/VX>[2@.0`1Q^T-PA',"A^/,#J_EAM,DQJ$).*)#(E/8ORW5`R[&-F485BH5 M6\-PFAK]B-UIF\EJ%0''2TW!F;=XC>'$09-"'<12V_WSA^'*#,`X\AQD_Z:- MO@=>+)D1+%^4?7(7`FW&D673DIE$"%@EHR'_NSN)MUVFP0PXR-!%RP<^^,#K MS5>T`?O"&2!H.K*YMH7CS2LR+0&\#W93F^-CHAULGM(IG=]Y@1T@7?4%V7]2 MYW,(WU'-7"V:]#RU=/U:3C-:42%B9;JF(@/KSYQ0_!U1,71E=H(?,0A/H7[T]. M\W#*_T"_VL[C&0V[-\_]/__KX_GEIXO+B\OSLXOSJ\^?S\ZN2C,LHV`256=K M1TXQ-OJQ!HQJ!&C>XL,J#?Q[[[QZ_E;6\RA<ZM M'=.TH])N^+)A)RN7T;E"&=VAGH=]!BIQJ;J-M[PN4R#%(_\M,K8@0L79*0-R)*)U.$QTUC(4N2R^'7#_ON-0%.-U)" M*).;[?0$N]FV0Z"?\U&L?)C.&)S;\"6550+?+VQ[E69!?P!^#(O?I`ZX$B+S M7_]K.YOI?.NE?0RA1_'"\77MKEC=BVG5WKQC1U%&[1UI/=1!%`P]=44)"SRKF.E.\4F8B>/ MMH4SX`#$BQ0FD#<+6A=-$<&]*'!2*,AL M(.TBBK"QG_Z!J/_RP_$3[,SZ+0S=-\_?]Y;S=#4#*YTIE6QY*,),:?M\"`.' MNIRD"3(D-(-!43"*8D.8(6@*+5+-!45GR5+H8C@VT7,.MJ6:CZTNJZ:&^N,!R'' M$W:J)=L9B@XG>UMJ*TR([4U'"A_A@LR/YFWE2J$CO,15-F]X8P?3P<))N50C M1)&IRNU)'9#O5#!:NCE1>YLJ.IFLC\744U[0@D,;6FJ'C]Z(8"52LFM,5>SP M+N6$&B:\U\P\&#!1:*9=.G%=+R/DT?;<^^#&7GFQ30K.(+0V#Q$\A$IV@2D" MQG.4UKK:M"X/]8;FP8&1QK[VY56&A``L\..?NK@W9KAJ5P#<+W84>,$"3APG M628^GB(ZK'F.1[(TVSN:AY2.-`NR-35;0YH>UV(\DYB'#$8:B=5!1#A(%>&@ M[1S7,>9'.XS(B^E@IU\J?K8'E0,FE^\]XUL6(R73_)*::6[]5!GU[V/FN:CC MA.^';YC1=V%T&R8O\3SQZZET+1$8/&-HMP9TSEOO3;4A:>U5GPS2TVF4\M1- M[>Y'$*7E,9B\5J3.QH"F![F&A(A6.9!53IDD\2O:L/Z]VQBH*-GO9"@ZF,B4 M<)^F"RK:0WA:>AF-"P7Q.XI=WIP["T-/8P#2E58)-V:*0<*XH5!ZF`@*GJVD M]T%4-S#<0YBP`R%K;2X(*/01:Z@."P`5WW]&-,M-2-;2&,&STD:LQ=I7Z'(] M3ML?('[W"43I<*QU#<]J=0UWPUG3N54:4$DN/B(7;&?4XEHBME9S\Y3&`+95 M,MQOIIW2M8B@>G_$0(MR3P_A29NG#=*R)`R"Y\@NA]=`!T(4\J87B%(&A8%O+`FV*N*GTB'*AT2_@#GT( M@C%^!S(ENV4W;FQKBN39B9,::\X-`_J&7:&*LFU7VFDG4G;9-._@[=1)W<=/ M!27;-F\+L;UV M2.!PN_`194CLQ`Q)!'$35\2_Q>]4AVFETIP#Q*,("=_LZ$]0XB?)VT/L8!Q".$DU\96`WT"`>.AC:]E=>D'Z_&7L MK0$=(RV]C`-*%WJE5C=0A)8:'UG-#.,0P4:A5)-3-08R"^TK,KK;4+!K:2X. M6F@TL7126L#C(0S"*@_H6P>]DW;XX#F&\%-F2,0N?FX'QI@_&L.7VDS9,FV$R(A M-5.%5(O4]B(4O,5?2&H^9%EST42,@]5!>-IO_7\)"9&MQ-:FPX)&IE2'7JBPCS^`+A&,W`G:W2L6("'9/D"HND\A3IV M;6?TU1+!"`N[B"&U@PS#XB^-;FDQ\P=\X".-,L*O&XL.$P!]N'PA_)K\G1^^L:8+7;2D"^'QK&Q`M65I MMH2QEZ-IZ*+(\8!G\AB%:P^)X'KS'0+W/MAZVB=.[*VSPDITTO@'TF95X!'H MGA]#!,G*?9P>!D5##-Q_U^2>>GAG)*ZMJAZD;/"AKP*1;#`*9 MU"A$1?<>Q54/<&_");Z)I^UTS8U'?'7B$"5P1?'N=PLB;YW&Y/YF>P%FUS38 M_8Y9+W^VP!86*/!`- M',=\V!D??*AKZGR,*&/F@^1WTK19VPHKX='>=+*Q\G['B"46%E!.A8I="8WT M1`G"ZNY))QXT['4]4D"P<$%"U7'ET6UU9A0;.;TN4VN_8\01"PLD5"[7$$35 M[;K+RD0N+_!YLXOR5>!'X9B->!R#:3`(7 M/[.:5OPBH(>MLW:($82`.K1Z\$.RIUR1HXF=T_WW4L9!CP>-$O@D:M$;P%ZZ M#1+JNY=2!M(.BX+V4EZ2#:GA,P.K?`.8SI^`DZ!YWX(7\JL]C:VUPX0@&=?! MP\,`R=NCHBASQ%,'`!?>(8;CA^3P\]=(\W9OS)'LKK9^QP.B;JPPL5(].XO[ MVUJ,@QX/#"7P26IE?44+'N81.@KA_^#CT-KV\?+_"-"\W'V/(@&1/$-HAS]> M^ZHWL1*<7_K@9H)T+HHV2)72IYFY`+/7UU"DL%`IJ*SJ*@4EFG84'QE03H\# M*:?"+I(60"?R5ED&T'4"O0!`MHH5IR?H?]9[ M:S<6_L=N.%RS8CN@BAK"T<(.\N0F9%W`T/?<#("!^UAB7NG%XUW!C;;'3L2, MK<0>MF,DJJ;GC/=MW%I#[78#H2*NV*ULM$LK9B%9Z9^2Y=*.-M/YD[<(O+GG MV$&<1U:AE>X1L=$IW?>WK`)G]54@'Q^O`*4O6+M/6-MOJ$@TK5':5G"!TD%) MEB)-:L](4-<^V4G"UED[56\76B7QL#N10]7IAER+%L4]KRMN>1!%U=[QYSN3I$C=)A%E9 M31)H4<&+N@KFHUO%\!8:WTH_8.5?L/)/*/',ETFO)HJT*"Q;5S4)WAG:TK(' M>=B?]V_@YC.N3I5=R?L.J]U"P"/\:FZW!$8,=_'`C[C$C6%$+8O%9=-BD8V6 M+A*[\=3?2QS54BKG59:.VGZ`JR>5KL^L\SA(:ZSBC.O4O'?A0/5:E) M);%:%/ICDP%>C*1PE_\M#-TWS\>/$NY3MIMLBUYSC8'!<'**!'AY'"%-M-^E;>VJGY/UEU'0*Z,:'H:H^.8&O1?D_U94_'\LJ#Z;&/[9' M4G&T"=R','#R?[3ZS+@&45)QKII,BM]@KL"G@Z4G# M57-IK+]9^6A*WD?9I^DAC-L4KZV3DLOEQCFQJR1S?^V4E$V$E6OF7K0.57WO M;"]*H^&^`1O_.XVF8=3@AI`Q/)R5CF=5!E2`_2UENPFV76O1NZA0X*89M2DM MM8]VBLHBIK*:\E,W5-5\C$(W<>(_["BR@WB3YEW`MYF-1>.PUM$TOEY,M%U7#UCB5/(OTOFPOK[`3]KWNVA/53]JV_CVD3'0C` M;U[#Z7QO6IOL_]O4F*VS=CK-ES;1@TA#WO5M\FWQP(2Y_\"1TH].Y44"8?P# MIA`X^7A^D@(`_^9?^6TH?OH*K<-Y(B$.6Y[.\S_14=!MD(%"02"QAA2Z:G[N M;KK*V7(?.(CQWAK@^-@]JX'I:4'J2`-%D6B*157V4`RE+W84(,[AFB8I9]AV MGY9>`X=(%^H$5?%0#8<'\%;B510&Z$W/I<#G=04N#:540P>9_+]#U'9.>;0\IQK2 MNVNG=ZQ%`7H1.%2W,4N!`"ZMO:AK+7.9`*4ZK5F]`(+;AUE>5+\/_RC::35O MAK](NH>K[/6$?B[EOFQ2[J:T?L6:?!SY_9VS^G76:I&Y_&9J<3U!D4N'/]5U MN"&95_4!^#BR>GQ`O2?P7>LKV,2"[U_UQ7__VT M7:6Z;T[^[O5F@N-_%X"O%@_G*-KI=??,WDZD#E>+6Q)]N;3ZJJ[5+.F^BC5] MH'F_NWT'SXISGZYWT5"#63.`N=3S]*3A+FHWXM]@G@RL M5!TE9`4C"%Q\O$*2/[TXN[J\.+LX5?0@]`ZGS;$;*1E9``=V"J7_G*P0=APO M_?O,6[S&[M:,#(&C+RB'9)M&2T`OM,X"DX3DQR#CW M/?!D8)OS*\>)9!%,DA:AJB(WGVM;/:UOJX0,?:4[JUFI^B6VW@>KA*?P)-<8 MVBT(G5/Y.U-K6J+"`XAO0>2M;1P=F]ZV%1Z[36Z1SVD6LPVCW9K1M>B%$,*'ZA]J?)KP%L2VY[/I_P7'"X763_G( M2I3?N+<*"9%63QLD\^7WU2*R70`?DN4+B/:F36RGG5(+?WV0CW1##-D95KL` MN$5$]L1QDF7B(SZYMV#N.1X)U^T=S4=,3UX,U3ADRVQYP'LEMK7Y]HQ>[UE: M/VV_^G>U6XI!"2_-;K[2O3:\WNS:/-J;-+@->_Q2ZZBCKY5Y?.V6F:Y),3+X M0-FEO#!"!FR:]JWD]8=TXN@K$[3*D'2BW$8[.["6X#9=HOR4M+!(^I1WVVK'0L-(K,_"SH^SZ`<92DI^:T5LCS MJYV7^H0/8;`&$'%+!94=5&0TI"B6>2S:&_](5L#ZB=T?*JB M*<]SW?DD17Q MY:I#D#2MR\`%STV:J%`^M"+["E&PM]5E%F)^^U9V&*6K*P$67&,,'"?]:17D M25._@!!8D2M-C2-\X"&-8B9\N*@5]>*&XI6GL2(X`22-;0<.!7::!#FTU*\8 M^R33K0U":\/$SF!C#/`IC%*-^WI%ZS!\J;.1U/=8=95)/@`+G`6J@^P1?QCLC>'+ET2$J$"`VD%9 M@^=LRH4JVEOSF=L7=7.;X_6;LC'.W$VQJ:[9LSDRB,KYS41%WE:[E8'WN1Q^ MZ@PQ[8N:Y%E5`X#?AX;DW8#0VACQ\]!GB+5_"U8AQ&4X4^;0=;^QK4'"9Z6. M:/H+B5TJ0%AYJ[TIIJBQX>#%P4F:(:^*T[C4P9X8/`HZ$RG-E-<'#[OG@CH@ M8]?Y*##20F[?>Q-MCO(T'O`8](T]CP(I#!M^W[A-!==K36]@5DI7UO[*YP&X M;/(`-#^163WN-[51?K8WZB'-NICK+T8R%>&B=]=P<>CPJ&8O:O6MK40DYGK3 M4E^+H:=VDN\EQ*;=HAL+!@@'3`^UAB,$EZJ#8DX(3+P:TL5N_:.VH'E4!8IG0.4=457 M@_2WB)Q&2.^D'08Z"HU#^F2Z)5@AZJM#EROH[U[!1#_[(!5KX$Z6813GU?R) M7",9+H*&-Q>'4CG4UP9J],CO,'NJV3I'CK6@=3$76]Q4BS**2O=]#6B1G@03 MV\'"0X9`ERB\CTU)+\6`VV@[E9YU'$7]YOD^$FB-5.++ZWOZP#F&DI0/EAPUAH*,"$@\/AOK: M$J(Q2M#D\B<'*SF4];_Q[2J?ZKM*/J15&K-ZK=O00'U=G3TN%.'N@;N+#6FO MM<,UB!(?_7+EAQL`9B"%?'VN)*]]6S_M%HUN(JWX[SO1;$P]GYR!,T0H'1OU MA@:"@9%(00\U$&)^MV0X>6#2-]L+T,*,H]#O0"T7CZF/0;+J3J^@XZ&O,DD/ MVP`P?K0WV%-,U]CFQ@8AH0.AQD2(5YZ93EF(J2`YCQH:&X@##D(E5'M6N'MG MQ0>?[1_$1.UZ0P/ESTBDQ/HX!WZ./`U8)K&-@`1Z)P-1T8%@B2'>.IYX>YUT M#41,#\)SY'P>>,91JC,E^ENQ0NY@(#XXBK>:8=IE.&\SIB3+[ MD_16PE\)8A8Z0\VCL8).>.Q!:"5G=1Q2#H6[`, M`Y@+(G#QE^!EH:D921SH M8!G#9'QTIK]`B+HHWQ87-9Y_01V:65HCA>:>;FIOFN2Y:2VDW-$2DYVJ`HRI*78]F%&NS]@2_.X',]SJ`8S\H' MK`89[/]5<83!'O$MH02$U@@H%Q^O/EU#A;[IXHJBUND$4?/% M6;H."`R<^>*=J5<>XTJP#?-KUJ=7;[4J[?/9E!I3.UF[#0P$3`F>O6B7FK+% MO:,0\'"3P#A<@JBHF4B&0'-+8Z7.0:Z$H.,>.T9+,S/T'!""1!J3=/H%Q:E*$3^;J`;C=)[]^0$'`L?>FM,)?55W M0N.OO\>?M_#WTT*EV2>LW12LG[:3L/`LL'LZ:_1WZZ?M5)0[J%]BYBSKYL88 M8^<7YY>?KRZN<&+@V>=+1:6E2J+.Q;"AN:2)[35<)I@97U\9^,C4U_-WV%_I`Z\N/E1=EQ3WM M&)QR(&JOY]$`B85NJ1?_BM`SPS1/Y_>!"UYBX`8`PN?P`<1YZ7L2=-JZ&8F; M3D1+]>AS>W,)T2*YH85H^2.,XM<9^"OQ\'.Z8703+E>^ATOU/`+T67<:-*80 M<0U@%#@$D2^AV(WXH")V,I_?PGXP00,<,TQ(Y$NHA:,4)FB.IT8T+>4#MMI66THTS^![<>O#A+(+-R@'S>/=A0':,:X M?>>0IK-N(4V[R5CY;*QB.FD_LT*;5`4ZOL3W`9I!TO8,MJ6S-C?77*1<*:L<%"J_ M+B6E)89O(,"44/(1JTTT%V"+'/9.<"RT*1>=#/W=&J5,ZDLW8?41?O<%F4ZA M5BEBCU'H`.#".\2(>P@3[&68SI^`@RP)%U-%$&EK/\V%RWN.ZD:OU&1R[F0R M4N$I%QU!TGFQ`("EBR&R[TRJ7C?,K6*?+,.D<`?L3K+-\JZV-5/0##2*?==$ M?(&(1Q`YF/4+A-;,B^`!^!S.P,K>M.@V8U>31-^'9*DWOHJB2:JL_&;'"9X. MCJAA,O#*'0R!24="I=[S:G%T+QX"FB$6/,4XF7FG3$Q@H0U@-'BX"9=Z#ZR) M)WY7U++<<)K$,+8#UPL6O$[X\VY.^'+!R[T>IW?WNQ8& MWNA^']WO6@IP=+^3'K&WO>AWVT_`]>8;L/&VDU8YLZ$'*6MR2R_-P<"S0'>A M5-]$X,;\G:_K"S.Z@9I1PC:(>"+K)L\-_WY(`A"\>-'44;='*9@15B M"'`S5R5[2AI<$`8*@B*JO( MK*H:DB7J6RL1-S'75CV*0Z=/U]#'Y$"O_R5H&]WR[$X/:F7C2V/ M_3:FK9,*)=[=TSV](NVXQH]JXC1%$,!<[[9EEN'U9M?F MT=ZDGMDW.W)I]S["QM=NJ6"#0'EYD,L+?>^:LHG3GSRKM-%/UE(E5T=*.S?T ME79W#NVH#MQ'WPY:K[-D?$H[[+5CH6&E.11C#'%US0!:M3T'&=?IJOX]\&(X M>_K>4FF7TD<[%!T,$74P\C/*3%3QH&E$40N*S'>2%ERB&$WE)OIAY<`V4RLS M-+X79C%V-#=36ME/EIC.]@4A0B==@^X#'.7KK0$F!+4Y(X?KT-IK*TKVB!UN M\I3+]4!G'=+"UG;GU7]@[5!UZ/U`$@LICEO1N5^_AS&`CR!*I]FTJE0:Z"=P M.0+86WK:>2!HK>F?XB?H\MQ;>RX(7(A8AM4AOWA"=G7[:0 M,O<[4K!T9HW43&5%6U%VO(0P`>YMDNI+6CXW93-\`&_IGXA'*:;.QP?=,&56]PQ)*G\T!J$6I1Q6^:RSGMKYZ_12'<7Q]XNQ\?3H1P2%!% M:ZTJ9[#QA'1:8NI\?&@3P!^I):Y%&> M_NPIW(0G>J!'\07%0X+O;J;S73&US"#<<5;TS47[%X\/U:J86NB"G'J7BFIE M]&9BSKJU[?G8/WP71K^AOL1H;TF?&[7@(!PM5$"3VI^"4GJ7*S_<`/`$HC4Z M]C4S]"$,U@#BW&?,._B,L\_*?[\)8?P0QO\#XAEPPD5`V0RD?>]XE>"P+"VT M0$Z>DJJ-`'N\4LVONKQ2VS!EZ,L^0]%2,0=>3+9Z>@QYO%@6SK4"KD85<96F M\<4C=%'^*]R.],#P82=QO"JA`9\+)>I[A:39N^R=19@E]^VR@N$T?@71\ZL= M3%/.P*TX,CM3]'F`]_O'JSQJ65SH3=^ZOK5`LZWOZ.#IW$_)?SP$5\GU^!E)`<7B]^?(#1(X'LZO(&=;5/AGE_3ZJW^+)#X6&A?'P/!M:@G)G%E#RLR1\ M23]\'AY:K!N_>$8S@%K1Z]H].%"GOT/2?:\OZ0?J`^%)*)*YN*L\`8MT.X[G M/0V:RTHVM#`).EP"W+_Z;N>*U#?LN"-Q:/)_?@M;Y+]M,B5A;05%#57B M&FB$,7.^)#O_^I[#]*P)WU?'\_"N!+&R4'1)RW7#ET:I58,['Q]"1#F<3-8%0H,<7\Q3!>4!T0W<[3?;E:,$ZI M3G%-8E0KH6K5G_>":J.8IED-)T<5NL4YC5&[A&J7".X+J@2X`\D+'&'@M*BB.8/8;CKR\?MJ M=6@EV?ODJ"32E(2%TZ+*ZK0JB;IWU=FQX)( M[];XOO+XOO+XOO+X^J+I.ZPD%NK[AF]G@L?R8F-Y,9[R8A)CF[3*W13!UVKD MR\$UI_KY47&4<%AR.I!Q.O-[NA`ITYGJYT>=4<)AR3/),;%5)#_DM._#).&TT]1XZ.&]7LEY\[=GJ@B/\MH=^`C?^= MLNO!1CR.O37@B^P_/3G=C^S'PUOI^%;Y`]9/VT\H#MS?TK^;-FP)VZ=UR6.Z M+T\O/I^?G7Q">%$4M+^=Y`1"$,,)@IAGOWB^%WL`YJ)PI\$,.$F$R_VA!D@I MHN*?2*4\B/NG^'H&SFO@_94`2(OCE_E)[>P1;A#4E[>#\TO?Z.\M*ZXWVQ__ MZ:$E.7)>-U_!&OB4)`"VSOHBZ%#BIR"0GW,,6%*4V=FXH]7)HZ8(<(VA+[+X MQ4K!2&=6&!*7O:7Y/E@E,4SY>$J-]:?TT!?%)L]11;_^;&MR%D,W;J??0%BQ8V#B/#],W&V-)"YV+*MN]!^`)!M,:L M2M4*_3D,'-0K9>8^-]C,(5G?U1>XS*BA(.^@7%.^B1(>/_L#.WSP/7'ZQL`W M>W-Z@AJ=D9]"HW:HD'Y^F[LC^K+_0U,!X/R7-BFHH* ML-_8\!51A?^#;]76ME\Y[^V\WP34,O<_%OC195^'8#\&2GT=F_L1&OIF_^7' MRHM2;N$;6,I^7FTX`H>\8S-P2M"F[/=^-%G\YIPLBY+F*X`+B?P>^H@7V/Z9 MU0'&/\`(O/9-LP,'I3[EK:@D;Q-+9A[\\RX"R%+'$1HPYL1D4_<1D>R(9.:? MU'?%N?%(V$*;*+Q!=@%B8EH^J:GV.7O'$5<-6VQWS@G*"&Q!E(K`,9HX)O&V MR[[CXCJ[E>:--CMCCC;+YF6AB5FEF16-7&L2E_M.`VMB;6=HI5.TKC=6.DFS MXM74;X==U5=V)%K=3:#5PD<1OV@'!ID38T"9EMB0(FLAT6,#`HZ2Z#&M8,0O M5I'18]K<4.D>/:859CJ+N7OTV!$`I?F6G*''T0*%X<[;F&M(X6&&QP04&OT2 M/)'FA1EJ!9;#6[Z,W!EC"M7&%&J%4F;4J(XIU,:T&F,*#R=L'6,*>Q0I&`,, M!P>R,<"POSESB&A"LT,'.QF$TK@Y!@4:`ZQ!1@"2B@8I"JC)V,^..&+[$6'< MW!&URX:Q[>N"I\(`0=R#5]IGNFU=<'`W>![M@JSFNGF8'FZ?,X7WG!38ZLR$* M=@SDC;RJO>!-C+PJ/>*=3\VZ#]+WO,L!5]D+W_D\_P:S2"OKW-K.M1RV-49@ MZ7'$).56'39_;8S3ZL2<`43@C-=5HH0M\`9+YX)?XPW6>(,UWF!I"1A]+A?& M&ZSQ!NNH;K#T,>C&>AE'8U8JJ)=1UQE=\@?^\.+7VL(#JRL/G.TYP_)E*!V+ M(\^@][>.!=:\[L;#,5N0]4%[IDYU&CPG#PDL?`)Q[&>.1L$:TO[!44W$JDE' MCDNUE[C]&6W)^6)X,@/K0D[[N)?]N1'UM$(`!^*WU`(IJGUX!IE-BI]I&OB& MT(';@JYWR8\R'>J*]S$*W<2)-$"7"+)GP7 MN&?UAYKR3UK%@-;NH]9/Q6?Q16W^X6U#Q;>Q55;AJVSF6UFVKBI6PSWYIRS' M.&8@HVBLW4[-(ZCR^L%!GK2#DSX8V+$OCI>9MR;"51M2.E)1G(_OH]DGR-;=D)22=3ZY?N8)US=*3O MT^U(MBY^>YOYZ`5S01B];'4/CUH(4Y=YA$XN6X%H.\(EI/7;K__\Q\6_VNT_ MKY[ND>B5RBOJ82_7PCKJ'Z)&]8@XIHP7J[YZ>GY\2GJ M/<2"#^#LF%1*"G>*9PZ"XE)QV9I*.3_O=%Y?7P]?3PX9GX#64;?SY\/]4,NU MC.#YVXC[)".NGD0*)QU"A72HBR-YG]!O%G&5/((BQ^9S\J$WW;.SLXY.;2'I M\`F6GYT9%G/'Q1EQ(:&>F73>B#ATV4R7_>B7$X6BCQ5(MXS/KO'8"7QYV?H> M.+ZNJQ9RI.1D%$B<$0AH2L2X2(-9<8$\R3MR,<<=D,"A4.'$/HPJ$4$B4T)OVW>C*?$SIFX9_P0(%ZSIF/GR%/I'Y\ M>;JSYJ%D.D,PJQ&]A-JAB$W3=7PW\-=03#PKUPN? M1M6].13B'V(P'LPQU_XOPU$B9,?E.(=+8@8-QB@QU"!4%Z&^(Z:W/GNU`93( MV/'Y4(&/LH.TH0:?`GRNB7!])@*.A\%LYO#%8#PD$PICCNM0V7-=%E`)LX]' MYA.78-%GLWE@:F4PAND"<7O4NR8^#%W>S5Q<8^D0/\1U2[9M?/@`[?48.)!D MK0AA9"2D;Z"`RK7!.)33HUD7WD>.Y0[R; MMSFF`@MH)0,YQ;P?<`[UT!,"IBT)?G6D2_BPO8SL#/J09U!H'$76==^@[:,P M`V1RR/*KMEK#OIVSK^=#QA3JXP7_,"*F\]QG3J*#E*<-0ZL8RF!Q(!=0KS?? M`S+74]P4._*II?W?NH;L7#HMXI(QILD0FULF3I%,TW/5Y05,/'F`O7OBC(@/ M7J1G.?FT$DZL9\3.AX]Y/H2F4,I6E@P%`@T3MLH$R_CT;GL_FA_->+("6Z[Q M&,.X[#UA6*P$.(%V*:&DQUA5WHB_L]HY-GK/8% M1A*&W#Y4(I&WCIMKXFG!02#57HC:.2KAPZ;,VGER=G2RS!-EKZT,(F51SR), MYBC)/C%4&]`F[ ML":`"E<1,7&UN(=&[)<0:XLY6;G6[>9C?\HPTI91VAL8=\R*2)$O/79%+J&> M3.L.*.JAV#,=%A3H:H&T$%@GH%^!V7L"\@VB*P?0Z\3& M*Q"K'?9NX*GH\F`1/B$C'Q7AJA,`;2"TKZ(D<[]-F>]A+M1X+1>Y M%5->P@I4]ZA@=92R\1,R5AI@5@\SUXH05\!3$(`H">XV"%7-JKW`E5\=SF&I MOX`_7XAZWZCHV$F)H!VI@C!#:`I%ME!BK$'+BE:?S69$FBT4&'N8#LI@6A0C MLHG:$2N(.Z2,F0$J;:[!K"+$-Q+X>P!EOGDIZOYRZ79T"B(,B05D3#2(;"#H MJO_/3R16T;4A>6Q[.:$Z`(L.3![-%L@FL'YV1OZZ8?90UX;U"6"=._BPRHLH M)H\&Z]I1]V)`\P)VU$[RJ&5>&FE@V50HOABO%33M0'[(`[G".?D&YG7C\V6P MEDK:83PM@K'XB'J#V7HAXF+$2N7L>'W,XU5X1+@!:XVX<3%2Q4)VF#[E8DIV#-<^6=O@NF*$>6@BOR5+AC(Y*WK=HX+E06+I)Q%&FQNT MWA%V+@;,)FK'K)O'K/1\<0/;NV+1I=-(J[@=OH(5N24NW4#XCA.GI:\@661M MX'U8X?QINP_$36\#/Q:/#)<5<*/EWLF@UVU5LRNVDU6-3X@0*O4"1 M&UJO8=5FCF-53ANJ-:P,J'M^:WV0GJDYI7/4QA>S'I"]1Y:'J4=0<83%+G2,&H#C'K" M0G+B2FR`_P).KD^B&L:J>&.+RY7S)LDXY(W*NB'*9@)Y58-)/24[\/7/ES9# MRJ9PC9MM?PJ+02SN:/(AB+'Z%*M#%T/]C8636T(="MVP7_UIK&UF5<6A^@'B M5/\1N@1K8MV5I+\[83J7T+^?A/G@!#I!L8_-A[(STE0WGZC:!RY8@L[FOKGK0SZ85F7"):>#%+V34QYAJ: M>^9J0Q85]5<[TFNK1^WN_@FO,C'55Q(ZF`U%R*]E5W(W,KB8:*N2OD0 MW:Y2XD.ACOK13I37JX`SPRN*)^I6H7J5X'.>T5)5<*:JH/O+&D[D[\NIX\.R MUJ9\2-^_LYH?C'Y>TY7B*WUJTC%24+F>ULLO?<'/Q''FF?M];`PL5.Q@7XKH M23LQE?$EO'5)S]E4)_B7[<-BO1&LX!T7ZD#YGGR,K$*6^+XZ)W#9DER]V6UZ M87U1U;F*"-#)G<0S-4^!0@:@1F2@+/S.63"/!`F(M)`3&HU,F33H-0GSGK59 M+^#AU]+*"O@5JP@5]GHOF#L3#-P889Z[36,X=6!&D?J,XG+9WV]FOZIEN(`% MP4S$[]^;4N:>6IR>,0IS:+ZH[;;-39,V,A\ZNVRY>IO"XKVJ9WTWFUH(8BH, M!]7L?F*^OK9(1!Z=A6;MJ\,]$ZNZ@V&+!^9>'77:_1F6FR;,*3XS?3\7K$ZR M@*OQ\,C6>&`-/6="'^4:8OY"7`P0P!(9"Z'?Z2DLX:I* M^UGT)]4T!Q0_8-5]1V7+/;61S6,SA]"M,DW[\_S*"KQ,/]T'+V]9P`O ML9]AE&@X)?-YZI/>YFQ_UO=ZHCLN3S\0DL$$]QI#@R129(M0FKICKZ-:3#J/ M>_@/^O];C)>*4$]TU^PWY'C"+IN8-;K^PD"J$S3O)N=&OW44]V7P^S*?<,?# MPLQ^LX-?+LTR`GC8)3/'?X?')O!@Z>F79DXW;YB[1.!'6!?BP3@,!(L!-_O7 M);/\:JUB9``6<%9/_K9:QM"?.R$"Z)^+G'.V9TS_-TMP[]&U2G M0FLP'BHJ84^Y&?E=+;:?S'J$+E'MO,",>6S."ZK7\]@3K.D6!<6L+VYCES+Q M@T#KS=3I^2O&.1#+RZ.52]]/F.*WE?7,":88#\![B=4>N9Y'Q06KEMMN`>-1 M;L404'94JXQ)C:1L2:FCON5(;?`^A?`1"8 M)@[&8T#K'JNPTE`%E..)6(50:0L#+>>'N7^-@37";%2I&((04,?^HJ(\M;3V MHX#JQ#6A:D/F"R6S.69:BB+!CI04(&OW%RT1&9O MFQ)S,?;$+6>S9"FWS";P08BD1:VBLI\+C"A*6[Q;5)*XEVW)1KNXGZC#T;3P M?BZ:'L"]63#[C.57QN7T"7\/"*C<,JZVL'VBK#SJ?`8T!G-5I;][T6$9N'K1 MC=+?ONAJ$K]&X4.UOWOQU;;EZJ4/M79?^(N..30&/_\'4$L!`AX#%`````@` M(X@'1S6,IIJ^O```A/@-`!$`&````````0```*2!`````'-T>',M,C`Q-3`V M,S`N>&UL550%``.2',55=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`(X@' M1[19<0MV#@``Q\\``!4`&````````0```*2!";T``'-T>',M,C`Q-3`V,S!? M8V%L+GAM;%54!0`#DAS%575X"P`!!"4.```$.0$``%!+`0(>`Q0````(`".( M!T<;$T)PA!4``"=Y`0`5`!@```````$```"D@<[+``!S='AS+3(P,34P-C,P M7V1E9BYX;6Q55`4``Y(`L``00E#@``!#D!``!02P$"'@,4````"``C MB`='W$B46AI&```3'P0`%0`8```````!````I(&AX0``&UL550%``.2',55=7@+``$$)0X```0Y`0``4$L!`AX#%`````@` M(X@'1XAP'F;/+P``M9`#`!4`&````````0```*2!"B@!`'-T>',M,C`Q-3`V M,S!?<')E+GAM;%54!0`#DAS%575X"P`!!"4.```$.0$``%!+`0(>`Q0````( M`".(!T<+9U@Y&0X``#B1```1`!@```````$```"D@2A8`0!S='AS+3(P,34P M-C,P+GAS9%54!0`#DAS%575X"P`!!"4.```$.0$``%!+!08`````!@`&`!H" (``",9@$````` ` end XML 14 R48.htm IDEA: XBRL DOCUMENT v3.2.0.727

Fair Value Measurements (Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Liabilities) (Details)
6 Months Ended

Jun. 30, 2015

USD ($)

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Liabilities, Balance at beginning of period $ 2,134,187

Liabilities, Settlements

Liabilities, Revaluation $ (106,792)

Liabilities, Balance at end of period 2,027,395

Warrants Issued May 10, 2012 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Liabilities, Balance at beginning of period $ 728,712

Liabilities, Settlements

Liabilities, Revaluation $ (42,437)

Liabilities, Balance at end of period 686,275

Warrants Issued August 2013 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Liabilities, Balance at beginning of period $ 1,405,475

Liabilities, Settlements

Liabilities, Revaluation $ (64,355)

Liabilities, Balance at end of period $ 1,341,120

X

- Definition
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Revaluations
+ References
No definition available.
+ Details

Name: stxs_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityRevaluations

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of settlements of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Fair value of financial instrument classified as a liability measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

+ Details

Name: us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=stxs_WarrantsIssuedMay102012Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=stxs_WarrantsIssuedAugustTenthTwoThousandThirteenMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

EXCEL 15 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0````(`(26!T```3````6T-O;G1E;G1?5'EP97-= M+GAM;,V9S4[C,!2%7Z7*%C6N?V`81-D`6T""%_`DMXW5.+9L4\K;8Z>`9JHR M@ADJG4U^>J[O.L3ODV M+)G7S4HOB8G9[(0U;D@TI&DJ/:J+\]LUA6!:FEQNA=)[7FGO>]/H9-S`UD.[ MTW7J%@O34.N:1YN7U"E;TU'6J\F=#NE&V]R";7HV"MLCKXO.OL)^;=YE=7X*8?= MA7]+9FP9FA^6?ZPH]__X+#LO<6W[JZ"?S([!^F!C*N?::C/L&]63"ZM?SJV^ M:J6VJD/N3`DLV>7Y.*[K$:66_^7]]M.:5R@3QF6P@-^%)T.U-ZGD.>[ M_]OXO>!P.[%````*P(```L```!?.0Q(OW[CMB`PD.MQ-*O>X^NO`ZIK`XTHO8< M4M?'5$Q^#*G*_=ITJK$"2+8CCVG!D4*>-BP>-9?20D0[8$NP+,L5R*V.V:SG MVL7.U49V[M,41Y26M#;3"&>6X9MY6&3I//B)]!=C;IK>TI;MR5/0!_ZS#0// M>997'L=V+YRO+0O]C^AY%.!)T:'B1?4C9@,2[2F]@OIZ`(4QOCLEFI2"(S>C M@KN_V/P"4$L#!!0````(`(26!T=AI.76UP$``"`>```:````>&PO7W)E;',O M=V]R:V)O;VLN>&UL+G)E;'/%V%;L;B`#-^/[<2*L\HFVZ8W@.RQ ML6(#8J9J??>A7E1NDCG*PM+9@`#IFW?U@(;'+M6K'_'8Y$/?I?8PI-F?T[%+ MJ^G^NFIS'E8AI$T;3TVZZX?834]W_7AJ\G0Y[L/0;-Z:?0Q:UXLP7L^IGAX_ MSIZ];-?5^+*5:O:S&?3W$T+3(_/0_S.\OUN=]C$YW[S MZQ2[_$5%^+=`%J`$20UDK#E)"&N.U@*X%H[7`L`6CM@"R!:.V0+0%H[:`M@6CML" MX!:.W`+H%H[=`O`6CMX*]%:.W@KT5M*W-OK8YNBM0&_EZ*U`;^7HK4!OY>BM M0&_EZ*U`;^7HK4!OY>BM0&_EZ&U`;^/H;4!OX^AM0&\C[96@S1*.W@;T-H[> M!O0VCMX&]#:.W@;T-H[>!O0VCMX&]#:.W@[T=H[>#O1VCMX.]':.W@[T=M)> M-]KLYNCM0&_GZ.U`;^?H[4!OY^CM0&_GZ.U`;^?H/;_2.[7-&+>O>3QT^W3K MFO^&PZ(KO%,^'^/M4RY38<.5UGE:*8;+\>:OCLO4OR'AT\_@IW=02P,$%``` M``@`A)8'1S<&ULO5=-<]HP M$/TK&BZEA\0$:#MAB&<22*:920I3T^0LY#76Q)8<2:;07]^U#<0DDA/W4$[R MZNWWV[49"]T;S97,0!D.FFS21.@1"B\ZL3'9R/,TBR&E^A0A`F\CJ5)J\%&M M/!E%G,%4LCP%8;Q^K_?5@XT!$4)XDAV,=OQQX>4RRQ+.J.%2^/><*:EE9,CU MAD$R]EX#2@VT'`#+%3=;OU=AZJ(2$S":P`1]^1%--%2H%V&)F<@THV+K54]W M7#SI7]E"3JF!NM;Q164]I@I"='ID_2`L,=^WF&=2Z$YB*E80UK%O+_>U>`"E MBTS/^J<]_!U*L)=7MH&&7*SFE"OMC]=FM`9FI-JU:6W^M4NA9$73]<,"X],= MLJ0:BN-%9TT5I\)TB.9_\+'?J=Q6TO*<9-HH_U&J)QT#&#WV#L+R6,?6SWSH M#\]+!)Z.D=XA,W]7MJ.\"\F"FP3T+)I39?Y3*]-D$L1DFMA MD([D5E2NL'GUDAQ.5S2A@@$)WE3-`2%=3!:=Q&!P+)+/5I7`(%F+4#29162& M;"LCL-L_!D^HCLE-(G_;P5/03/&LL%:@KW+-!6B'X3Q-J=H6N("O!,8344F>1*.73*I;.M^O*< M\ZS(UN'>X$#R90+D4FM71S`#E4-([CA=\H0;5[!3B$#A5B`_`;/*P0JZDV)U ML@"5DBDL*^Y,4(<;HXZTZIR]1S7275#LN;9/4R/G^H,6G&OV8Z%5L\)K?C6C&XG6__8> MT3[I'=&:O3@8MU=JR[Q"K\TB(MTI&.H:FR9F#?KMF36P-_^(60&^><(<%PIZ MK2[:DVSPI17)=BX_MN'V%6M#RI>A&F[=DYM$]]LXY]ZIMU'!RPK%O2 M_5&PU?"U?:W;=0X,;*\SM'/`.6]5>.UT&MYY3ITJO/9S';`WWXCUC[U7GW;> M\5\2_R]02P,$%`````@`A)8'1TN^7_T_`0``:0,``!$```!D;V-0880[]FCHLM7P,;9]D5TX!<.!H?8>7HL>[G:\) M)@6#&C08#"P?Y2RIGLW6V,:4;-!7971<\X`+*]5*@;QIA[+?J=@9P>MPE(/L MV]/?/SU0AB5=Y3ZHOJIIFE$SH;HX<,Y>%P]/=#:I,@&Y$1!50178.I@G7YU? M)K=WR_ND&F?Y-,UF:7:]S&?%=%QDEV^'R4[\#89U-\2_=?QED+:+"FLX<[>D MD;1<^B20A""\FR;:%MK)>AHOLU1(>7$U>V MMKX]IGY$)Z^J^@102P,$%`````@`A)8'1YE&UL[5I;<]HX%'[OK]!X9_9M"\8V@;:T$W-I=MNTF83M M3A^%$5B-;'EDD81_OTV23;J;/`0LZ?O.14?GZ#AY\^XN8NB&B)3R M> +]O6N[!3+ MUES@6QHO(];JM-O=5H1I;*$81V1@?5XL:$#05%%:;U\@M.4?,_@5RU2-9:,! M$U=!)KF(M/+Y;,7\VMX^9<_I.ATR@6XP&U@@?\YOI^1.6HCA5,+$P&IG/U9K MQ]'22(""R7V4!;I)]J/3%0@R#3LZG5C.=GSVQ.V?C,K:=#1M&N#C\7@XMLO2 MBW`A(5M>5`TR`` M6'!VULS2`Y9>*?IUE!K9';O=05SP6.XYB1'^QL4$UFG2&98T1G*=D`4.`#?$ MT4Q0?*]!MHK@PI+27)#6SRFU4!H(FLB!]4>"(<7K;YH] M5Z%82=J$^!!&&N*<<^9ST6S[!Z5&T?95O-RCEU@5`9<8WS2J-2S%UGB5P/&M MG#P=$Q+-E`L&08:7)"82J3E^34@3_BNEVOZKR2.FJW"$2M"/F(9 M-AIRM1:!MG&IA&!:$L;1>$[2M!'\6:PUDSY@R.S-D77.UI$.$9)>-T(^8LZ+ MD!&_'H8X2IKMHG%8!/V>7L-)P>B"RV;]N'Z&U3-L+([W1]072N0/)J<_Z3(T M!Z.:60F]A%9JGZJ'-#ZH'C(*!?&Y'C[E>G@*-Y;&O%"N@GL!_]':-\*K^(+` M.7\N?<^E[[GT/:'2MSAD6R4)RU3393>* M$IY"&V[I4_5*E=?EK[DHN#Q;Y.FOH70^+,_Y/%_GM,T+,T.WF)&Y M"M-2D&_#^>G%>!KB.=D$N7V85VWGV-'1^^?!4;"C[SR6'<>(\J(A[J&&F,_# M0X=Y>U^89Y7&4#04;6RL)"Q&MV"XU_$L%.!D8"V@!X.O40+R4E5@,5O&`RN0 MHGQ,C$7H<.>77%_CT9+CVZ9EM6ZO*7<9;2)2.<)IF!-GJ\K>9;'!51W/55OR ML+YJ/;053L_^6:W(GPP13A8+$DACE!>F2J+S&5.^YRM)Q%4XOT4SMA*7&+SC MYL=Q3E.X$G:V#P(RN;LYJ7IE,6>F\M\M#`DL6XA9$N)-7>W5YYNTB42%(JP#`4A M%W+C[^^3:G>,U_HL@6V$5#)DU1?*0XG!/3-R0]A4)?.NVB8+A=OB5,V[&KXF M8$O#>FZ=+2?_VU[4/;07/4;SHYG@'K.' MYA,L0Z1^P7V*BH`1JV*^NJ]/^26<.[1[\8$@F_S6VZ3VW>`,?-2K6J5D*Q$_ M2P=\'Y(&8XQ;]#1?CQ1BK::QK<;:,0QY@%CS#*%F.-^'19H:,]6+K#F-"F]! MU4#E/]O4#6CV#30,9FV-J/D3@H\W/[O#;#"Q([A[8N_`5!+`P04```` M"`"$E@='61!-05T"``!"#```#0```'AL+W-T>6QE+8R>&M$EW,:8P4:1GD5P;52Y4?/J](U9JB:B!)S/9,+R9#2C[+PJE)B ME%4FB5%OZOL+CR'"81SRFBV9JD`J:JXB..]KNZ'_TDY<0>`8G[,(!HLY]$Z'3GS_.-A,#N"+,^$OL0?HZ_/0+Y`' MX)LCX!YT)/'6)'KMD<5A+GA_R6ZD&@;3.=["7;0=1,A,RR[ MR@'*0XESI!$F*M1F5*(UTH91@VL@(*@1'U"!W&:VAL2FF]-%\=[_G!^PF M!R[&G+$/@5&Q,_5&M&9_#>RF>OLTQ]['SM[$!4W>%=#9J"SI]A,E!6?8B76N MI6B?7L,'1_!QB'94L!:2/.MXTU^3.%; ME_PW-?WY7>O5Z"OXK[?GOQ;?/QO[-80#/2<C"RZ4$S M[;NU9F9-WZCMK$*)?J$_J*)A&< MD9JYE\;^7T/\"U!+`P04````"`"$E@='M:<0C&<$```2$```#P```'AL+W=O MCLQRJ7,U,WE;J=J/DO%X?V15*;TVM5OIQD7/ M-/<>FFNLDH5;*>6KLH=54M?1E\_N:*E+=:.L(["03?-#5FH:/9:1**7SIX7V MJIA&&5V:!S6X8=OFN-5EN)B,)]$HP-9#O;(B-X7J8=\9X6\W6CTX!(8;0N9>WZMKN9A&XTC(UILS77IE9]*K;]:T MC:YOB16)I;;.S\-PNW]6NM:5_A/Z35=N91[^,U;_,;67Y3RWIBR[5N&'KA$] MP;W%W$_50@ZEJ6LH&_0]P4N"DFYRYIU4((W'B?U/0V$+%/X]$_0Z--FHRNK&JE)@T>*L%.N<^*2UL** MD]9:`!T"Z)`#41&P9%(GU>]6-V%:T:4QRC3F^N]E?1M4%E^=&PH5#TQD5*3I MLJTJQ(6672Z&DQ"CD#%CY$PME;74_J>B26P5MD4)8\;""U/??KQ6MA(SM>A# M=4(H[<69S'6)*+0Q9G4T^=W*E`45J0_=+/HG;(\NQHR,9U);<2/+5HGO2KK6 M]FXC`FV,&1UI'8LV]^*7M)8\?!)T(U288:QB=#%F9#PQ5:5]GZQN1JCR4:E4 M=?YF9=#/F!%TWBZ<^MV&,NGUJV5^ANPKC+))#EH,,)6U"' M460A:''"6+PSD\D!HM#DA#$9,OG!/6>2[1.:G#`F;PGGFH4H]#KAB^VVD`8< MOD'1ZY3Q>LO[2^S-E)>#ZI6BURGC],I9O"]YS!Q&%KJ>,ZQOOS?7:#?1, MT?.4\9S-[^M\(0I-3QG3-R.,\SY#%)J>,J;O#'*&%3Q#TS/&]-THK.`9FIXQ MIN]&H>D9FIYQIC.O?+'W(P0[G#P0A:9G[':80[VD$E&#;?$[-R(OJ`Q-S]#T M[/U[DO48$86F9XSI6U$;^\4,;<\8V[>B^C$B"FW/V"WTCF(\SQ&%MF>'SR>V MUT,:G5.I^!;A".NZQ]!Q*`_G6OKHM['9).QYPO5W.NM.HW`@I;-G6Y8G=.^R MOC"R.[;UY/5)]LO_4$L#!!0````(`(26!T?OFG(&3P(``/0'```8````>&PO M=V]R:W-H965T&UL?579;J,P%/T5Q`<4;)8L(DA)1E7G8:2J M#S//#G$"*F#&=D+G[\\G7./K[E+UC/^+DI*I??1U*W8^:64W38( M1%'2AH@GUM%6G5P8;XA42WX-1,^5YQFZRKEKZ MRCUQ:QK"_QUHS?J=C_S'QEMU+:7>"/(LF'CGJJ&MJ%CK<7K9^7NT/:)80PSB M=T5[,9M[^O(GQM[UXN=YYX?Z#K2FA=0FB!KN]$CK6EM2RG]'HY^:FCB?/ZP_ M&W?5]4]$T".K_U1G6:K;AKYWIA=RJ^4;ZU_HZ$.B#1:L%N;K%3"+@]%M"-!*BB3`\73#&'L/T&*3',WILZ(GU`"XBA0424"!QZ"M+P$6L88$4%$@= M^L82!I4=.+U-.5FO.A*0T+R;I'CYT:??X?4$L#!!0````(`(26!T?W5VKA MY0,``"41```8````>&PO=V]R:W-H965T&ULC9C;;N,V$(9? MQ?!]5ISA.7`,U"Z*]J+`8B_::\5F8F-ERY64>/OVI2S'=6:&18$@.OU#_C.D M/E)>G-ON>[]+:9C].#3'_FF^&X;38U7UFUTZU/V7]I2.^G.>_KHW^V^<8>'_^T?HOEW2S_>>Z M3^NV^7._'7;9K9K/MNFE?FN&;^WYUW3-P8X-;MJFO_R?;=[ZH3U\A,QGA_K' M=-P?+\?S]"2H:Y@<@-<`O`6`^<\`?0W0)*":G%WR^KD>ZN6B:\^S;AJ,4SV. M.3SJ7+G->',L5,ZIS\]&Q7+QOD2SJ-['=JZ2U;T$)\EGQ5I0V)NDROW?3*!H M`N_B]13OY'@MQNN[>#/%>Y+$)#E>)/XBT0XC>DU2X3J/7FD%LA\C^C'<3R!^ MS%T_;NK'F!B!^N$Z9X+*2MF/%?U8[B<2/Y;U8TT,$4@=UUSGM(>HM.S'B7X< M\Z,5\>-X?73,`T;L".2.:K(&3NO0+B?,UU(1I_-Q\_V8FBG!.[+4$?#D8S366#IH@A*SJ3S` M!0Z!#%;@9-4%LH*,5N!LU92MH+E;C!J`E5H0:JM!ET9?QBMPOFK*5Q#`J11Z M1X$F"*U5%@P6/,F(!C)O@0/74.""0-R@53", M<;(R!.],P96,7>#<-92[P($:K`O64$]<%[T#5]JGR=Q%SEU#N8OW//77%\J3 M>;<65`9,+*U+*%,7@?'-E#(J;#V19U0@),J$1$Y(0PF)?%N)H!B+))DRH46U5?\N38I7I[NVC2RS">^GS>35_QT\70GCY^E+C],K+\!U!+ M`P04````"`"$E@=']/4A^#H"``"5!P``&````'AL+W=OV$[=O7 M!T+!>#?)1?#A_V>^P6*<]Y2]\9(0X;TW=L7N5Y[845.KZ*N6O+"/'YM&LS^[DA-^ZV/ M_/O":W4IA5H`10Y&WZEJ2,LKVGJ,G+?^%[39(Z@D6O&K(CV?C#T%?Z#T34U^ MG+8^5`RD)D>A0F#YN)$]J6L526;^,P3]GU,9I^-[]&^Z7(E_P)SL:?V[.HE2 MTD+?.Y$SOM;BE?;?R5!#K`(>:\,F26BSQ)$MB2H;F9^$\(9P1)4ZB9$F4643)(I&-\IEBQI`Z&=(EP]IB2)\Z MH4>J&4OF9,D6+(E5[2Y;5!M"]Q$]HYPQK9U,ZR635?ENO<@4()@D660=YMXA MA%$&L_2#;THU75>?@DNFP&Y4<)$K@BBVF]4#E:$!DP;:X0OYB=FE:KEWH$+V M8MU-SY0*(B/"E?PR2GE'CI.:G(4:IG+,S*UA)H)V]TMPO(F+?U!+`P04```` M"`"$E@='WR4!&1D%``".%P``&````'AL+W=OMFIK#SMDA3J`&8]9VPNR_WS9V")'D MR=;F$(QY:O53J_74/3]5]8]F6Q3MY&>Y/S1WTVW;'F]GLV:S+-"]E MF=?_+(M]=;J;PO3MQ;?=\[;M7LP6\]G%[G%7%H=F5QTF=?%T-[V'VPQ]!SDC M_MH5I^;J>=)-_J&J?G1?_GB\FZIN#L6^V+3=$'GZ>"U6Q7[?C90\_ST,^NZS M,[Q^?AO]MS/=-/V'O"E6U?[[[K'=IMFJZ>2Q>,I?]NVWZO1[,7"PW8";:M^< M_T\V+TU;E6\FTTF9_^P_=X?SYZG_Q<7!3#;`P0`O!A<_LH$>#/2[@?FE@1D, MS'_U8`<#2SS,>N[GR*WS-E_,Z^HTJ?OE/N9=5L&M36NSZ5YV2Y&BUJ3?.L1B M_KIP>CY[[<89(,MK"/80\Q&RYA"X(&;)_V42*$UBB[MG6QO1'MS96]Z>T]BW4,.9X@_0[2*AN^(X`*LQ$,IK MCK,1#0!9XXSCT(0`>H2?%?E9SB\0?O;*CQN6P(,&RD_`A6C0TD7G.-#H`6@2 M9Q(P@E%^)%&=R-!QAI$P=,Q1="[-7!&&'!>4\5:3C%AS'$2(%KTC#`6@,PI1 M>9FA%QEZEN->R?9!M`^?YWC@$PTFHJ_,%X7($"9 M7Q3YQ<]S/`KSCCH&@EMQ7%0Z>IH`'(:)G[8D\3+!;73::2/3Z^13T@/%"%YM MD4$0%)]2-!KIIEL)0(C!>$?+E`"TUNNHB.M,`&JG=#`CA0I&5`\X2Z0L@=<@ MCRH&3UD*0.70TX1>"\!481$T1682$GT,VHV4*Q"%]1Z0;V<],H*L>:!YI`R- ME.:S-6FAT=%("4"=B!E-(\6!&)6UFI9U"1C`08@C+&5E!B[-=$V68)BKKJQ[ M'RE+`:BB`R9>`C!@L$"U(A.`WJ>PX4AI!EF?@0LT59$E<*'$SI>BU4L"IB)@ M05&6'&AMVDG14Y:"Z'NOM1\1,)`U&KA(TYJZ!$%]C=&:]D4K":@M&AJ.M0`$ MYVW:LVPQ!:37X&(8JV&R4H/G/*D4#9AK7U_`8Q(0MC4%)&)("L+VIH!,@7-. ML2HF((V%X'"D[0:YIP#>5-!-MP2N[C%&H.W92L`!!``:D+4$5,Y'VE6(.'.M M$A\IRFT%\+Z")LX2N,*;R!)6:`-<9)5'0&E:GS(!I=-A9.1D)_<3R/N)0/L) MY*+^)15QA92<"-3&T19S+0%3LV<#K4Z9C/1)0D86$.6.`GE'00]C2[Q6=3_X MLCHXUE*(R&C`T+Q?2TCCDC30MC23D$ZE,QZ.U!V4>PKD/448Z2E0[BF0]Q2! M]A1X+>RQGZVZ45Y]^`,:-]$*:,Q$%++K`A&FQVXVY,X">6=!#S!+-/^+JVC% MN(HHSE6$C7*5^PNT/#/&"2@=YQ MT!@:*&E,$[I#R`A36;V1JS?/"ZZ?8TPYGLZK*Q+.KG\S5O M,]E4+X>V3X3+V\M5\CUVEY7D_1)N5R"\7\-MUE\4OP^_F!_SY^+/O'[>'9K) M0]6V57F^Y'RJJK9(!-1-2L=MD3]>ONR+I[9[].FY[J^+^R]M=7R[_;YW)VX>2W&XWJYA6W:']W1^W[VJRKK[GE^[/OS4Y9UVZ.O MBNY+<_9U^&??M%71A\?VD'7GUA>[,:@J,Q3"9%5QJN>KY?CN6[M:-I>^/-7^ M6SOK+E55M/^L?=E#!U_Z;3\4483+F]_XLAQ*"C7_O!7Z M4><0^'C_7OIO8[K!_FO1^4U3_GW:]^GZIGH/F<^JXM=T/=7C]3K]8_$6Q@?@+0#O`?=Z^`!Y"Y`?`6K,='(V MYO6UZ(O5LFVNLW;JC',Q]#D\R=!RV^'ET%`AIR[\-RA6R[=5;I?9VU#.3;)^ ME.`H@;LB"X7?:T"NAC623CGD?+QBX]5#O)KB(XOK M25*/$CM*%LI8A2:/$,R.H&QFY<:0:(RTJ$[FA,BM=+A)M,["-PX&@?E3,`T%J6H`P-F[& M#2]4+D]Y2B`*R&QPB38&%D$O@#0K$V>%U*PS3H&*LZ)"`$2T"2H"#RV0Q!.Z MV).D72^`IL&*'*T;I4Q_&4!8I9 M1881!>A""2=UHD.0)R@R!(W'"#)@5"AD3F8VI]1**]2)>80\0Y%A:"HOGJ'( M,#3N5608JE&!B+-B=`I`)3H5>8(B)2B(&%?(H)&UQ.C^RQ(/4%2DF<.^(5$$ M3SRDQ`,1;U"0LFR1"XED^#`Z5)B:/IPRK MN@),V.+AAQ1^8;L6VV*VCZ&AI(B7448(TEJ=7$LESTE).0DB!J5\Q-_T.24- M.K31Z-LPPM#TSEJ(*9<]?!E7OCV,)P;=;-M%4=[/7I@_?[>.7][YI>A^,BB]A1AY]L;L_E'[?#[6B?67MLHP#C`EZG?U_`EUBM^P+,<,Z9,UR*$>VKZP`\>=/*N#/M MO.]/C+FJ`RW<'?9@PDZ#5@L?0MLRUUL0=2)IQ7B6?6!:2$/+(N6>;5G@X)4T M\&R)&[06]O<%%(YGFM,E\2+;SL<$*PNV\FJIP3B)AEAHSO0Q/UV.$9$`/R2, M;K,FT?L5\34&W^HSS:(%4%#YJ"#"=(,G4"H*A<*_9LWWDI&X72_J7U*WP?U5 M.'A"]5/6O@MF,TIJ:,2@_`N.7V%NX3X*5JA<&DDU.(]ZH5"BQ=LT2Y/F<=HY M++1]`I\)?"4\9,GX5"C9_"R\*`N+(['3T?8BWF!^XN$@JIB,?0>++NQ%1%G< MRCQ[*-@M"LV8RQ;#)\R*8$%]+<'W2ESX/W2^3S_L.CQLZ(?9X:=]@>.NP'$C M2* M/MQLNIL&T4.PDMW=4]*%_[,&"AH?EQ_#VDY/:@H\]LL'67]I^0=02P,$%``` M``@`A)8'1Q,36Q2@`0``L0,``!@```!X;"]W;W)K;`?@R)N2VAYIYUQ_8,Q6'2AN;[`'[7<:-(H['YJ6V=X` MKR-)298ER0^FN-"T+&+NR90%#DX*#4^&V$$I;OZ?0.)XI"F])IY%V[F08&7! M%EXM%&@K4!,#S9'>I8=3'A`1\%?`:%=K$KR?$5]"\+L^TB18``F5"PK<3Q>X M!RF#D"_\.FM^E`S$]?JJ_AB[]>[/W,(]RG^B=ITWFU!20\,'Z9YQ_`5S"_L@ M6*&T<2358!VJ*X42Q=^F6>@XC]/./I]IVX1L)F0+X3:)QJ="T>8#=[PL#([$ M3$?;\W"#Z2'S!U&%9.C;6[1^+R#*XE*F:5JP2Q":,:M_"'FU9H2\[H_,W&NVD0'7@KRDL[_GR60T+BP_.G7 M9GI24^"POWZ0Y9>6[U!+`P04````"`"$E@='!936PZ,!``"O`P``&````'AL M+W=O9T:N2`M<%'-M_7T#'FM87X%[..?=4 M_T3M.F\V34@-#1^D>\'Q-\PM[(-@A=+&D52#=:BNE(0H_C;-0L=YG';8;J9M M$]A,8`OA1QJ-3X6BS5_<\;(P.!(S'6W/PPUF!^8/H@K)T+>W:/U>0)3%I60_ M"WH).C/DM(:P",D6!/7B2P6V5>'$OM'9-GVW:7"WHN^FZEF^+9!O"N0K@7R[ MP^^0+-M_J4%7)ZK`M/'A6%+AH-UT=$MV>9OW+-[()[PL>M["$S>MT):T\I^UH@$``+$#```8````>&PO=V]R:W-H965T&UL M=5/;;MP@$/T5Q`<$F]U-HI774C95U3Y4BO+0/K/VV$8!Q@6\3O^^@+V.E;HO MP`SGG#G#I1C1OKD.P)-WK8P[T<[[_LB8JSK0PMUA#R;L-&BU\"&T+7.]!5$G MDE:,9]D]TT(:6A8I]V++`@>OI($72]R@M;!_SJ!P/-&9$G_+C>1\1"?!3PNA6:Q*]7Q#?8O"]/M$L6@`%E8\*(DQ7>`:E MHE`H_'O6_"@9B>OU3?UKZC:XOP@'SZA^R=IWP6Q&20V-&)1_Q?$;S"T9''@ZBBLG8=[#HPEY$E,6US//[@EVCT(PYKS%\PBP(%M27$GRKQ)G_ M0^?;]-VFP]V*OIL=/FP+[#<%]BN!_7]:W,(\?BK"5F>JP;;IZ3A2X6#\='A+ M=GF=3SS=R0>\+'K1P@]A6VD2UE4U7M M0Z4H#^TS:X]M%&!V+ZP$\>=7*N!/MO1^. MC+FZ!RW<'0Y@PDZ+5@L?0MLQ-U@032)IQ7B6?6!:2$.K,N6>;%7BZ)4T\&2) M&[46]L\9%$XGFM-;XEEVO8\)5I5LY352@W$2#;'0GNA#?CP7$9$`/R5,;K,F MT?L%\24&WYL3S:(%4%#[J"#"=(5'4"H*A<*_%\VWDI&X7=_4OZ9N@_N+%&5%B=BYZ,=1+S!_,C#0=0Q&?L.%EW8BXBJO%9Y M_KEDURBT8,Y;#)\Q*X(%];4$WRMQYO_0^3[]L.OPL*$?YNH\VQ&UL M=5/;;MP@$/T5Q`<$+^ND[IW]?P%['2MT7 M8(9SSISA4HQHWUP'X,F[5L8=:>=]?V#,51UHX6ZP!Q-V&K1:^!#:EKG>@J@3 M22O&L^R.:2$-+8N4>[%E@8-7TL"+)6[06M@_)U`X'NF.7A.OLNU\3+"R8`NO MEAJ,DVB(A>9([W>'4QX1"?!3PNA6:Q*]GQ'?8O!<'VD6+8""RD<%$:8+/(!2 M42@4_CUK?I2,Q/7ZJOZ8N@WNS\+!`ZI?LO9=,)M14D,C!N5?<7R"N87;*%BA M`\ZBN%$BW>IUF:-(_3#O\VT[8)?";PA?`U2\:G0LGF=^%%65@L$L4FC&G-89/F`7!@OI2@F^5./%_ MZ'R;OM]TN%_1][/#_;9`OBF0KP3R_[2XA;37?3('H(5K*;6TJZ\'^60$'CX_)+6-OI M24V!Q_[Z099?6OX%4$L#!!0````(`(26!T<1Y6(EH0$``+$#```9````>&PO M=V]R:W-H965T(/YD8>#J&(R]ATLNK`7$65Q+7-^ M*-@U"LV8\QK#)\R"8$%]*<&W2ISY/W2^3=]M.MRMZ+O9X?VVP'Y38+\2V/^G MQ2W,PU]%V.I,-=@V/1U'*AR,GPYOR2ZO\Y&G._F$ET4O6O@A;"N-(Q?TX6;3 MW32('H*5[.Y`21?^SQ(H:'QQVK=5^` M&DK??=@3%7MJ"%N\$.3-BIT6KA0V@;YCH+HDHD MK1C/LF],"VEHD:?_J2+-H`124/BJ(,%W@'I2* M0J'PVZ3Y53(2E^NK^D/J-K@_"P?WJ/[(RK?!;$9)!;7HE7_&X1=,+=Q&P1*5 M2R,I>^=17RF4:/$^SM*D>1AW^'ZBK1/X1.`S89\EXV.A9/.G\*+(+0[$CD?; MB7B#FP,/!U'&9.P[6'1A+R**_%)L^#YGER@T84Y+#!\Q,X(%];D$7RMQXO_0 M^3I]N^IPNZ!O)X<_U@5VJP*[A<#N/RVN8+;97T78XDPUV"8]'4=*[(T?#V_. MSJ_SCJ<[^8(7>2<:>!2VD<:1,_IPL^EN:D0/P4IV&PO M=V]R:W-H965T6;ML8T"C`MXG?Y]`7L=JW5>@!G..7.&2SFA>;<]@",?2FI[I+USPX$Q M6_>@N+W!`;3?:=$H[GQH.F8'`[R))"59EB1W3'&A:57&W+.I2AR=%!J>#;&C M4MS\.8'$Z4A3>DV\B*YW(<&JDJV\1BC05J`F!MHC?4@/IR(@(N!5P&0W:Q*\ MGQ'?0_#4'&D2+("$V@4%[J<+/(*40<@7_KUH?I8,Q.WZJOXC=NO=G[F%1Y1O MHG&]-YM0TD#+1^E>-(ZM$Z5%<*)8I_S+/0<9[FG>)^H>T3 MLH60K83[)!J?"T6;W[GC56EP(F8^VH&'&TP/F3^(.B1#W]ZB]7L!4967*LW3 MDEV"T((Y;3'9C%D1S*NO);*]$J?L/WJV3\]W'>8;>KXX_$*@V!4H-@+%%RWN M8?)_BK#-F2HP77PZEM0X:C=T):&PO=V]R:W-H965TFT:;H/FS1]V'UF]*JDP+6`8_??%]"QINN^`/=R MSKGG\E&,:-YL!^#(AY+:'FGG7']@S%8=*&YOL`?M=QHTBCL?FI;9W@"O(TE) MEB;)+5-<:%H6,?=BR@(')X6&%T/LH!0W?T\@<3S2';TF7D7;N9!@9<$67BT4 M:"M0$P/-D=[O#J<$"+@MX#1KM8D>#\COH7@9WVD2;``$BH7%+B?+O``4@8A M7_A]UOPJ&8CK]57]*7;KW9^YA0>4?T3M.F\VH:2&A@_2O>+X#',+^R!8H;1Q M)-5@':HKA1+%/Z99Z#B/TTZ6SK1M0CH3TH5PET3C4Z%H\Y$[7A8&1V*FH^UY MN,'=(?4'485DZ-M;M'XO(,KB4NZRO&"7(#1C3FM,.F$6!//J2XETJ\0I_8>> M;M.S38?9BI[-#O?;`OFF0+X2R/_3XA;F]EL1MCI3!::-3\>2"@?MIL-;LLOK MO(^7R+[@9='S%GYQTPIMR1F=O]EX-PVB`V\EN=E3TOG_LP02&A>6/_S:3$]J M"ASVUP^R_-+R$U!+`P04````"`"$E@='_=J7<*$!``"Q`P``&0```'AL+W=O M@FZKJ:A[9@.;5-@".O&O5VB-MG.L.C-FB M`2WL%7;0^IT*C1;.AZ9FMC,@RDC2BO$DN6%:R);F6[PZG?4!$P!$@UVM2?!^ M1GP-P:_R2)-@`104+B@(/UW@`90*0K[PVZ3Y43(0U^M9_2EVZ]V?A84'5']E MZ1IO-J&DA$KTRKW@\!.F%JZ#8('*QI$4O76H9PHE6KR/LVSC/(P[Z4S;)O") MP!?"71*-CX6BS4?A1)X9'(@9C[83X09W!^X/H@C)T+>W:/U>0.39)=^EMQF[ M!*$)3P[MM@?VFP'XEL/^FQ2W, MCT]%V.I,-9@Z/AU+"NQ;-Q[>DEU>YSV/=_(!S[-.U/!;F%JVEIS1^9N-=U,A M.O!6DJMK2AK_?Y9`0>7"\M:OS?BDQL!A-W^0Y9?F_P%02P,$%`````@`A)8' M1UU^40"@`0``L0,``!D```!X;"]W;W)K&UL=5/; M;MP@$/T5Q`<$+^OTLO):RJ:JDH=*41[:9]8>VRC`N(#7R=\'L->Q6N<%F.&< M,V>X%"/:%]/*JE7%'VGG?'QAS50=:N!OLP82=!JT6/H2V9:ZW(.I$THKQ M+/O"M)"&ED7*/=FRP,$K:>#)$C=H+>S;"12.1[JCU\2S;#L?$ZPLV,*KI0;C M)!IBH3G2N]WAE$=$`OR6,+K5FD3O9\27&#S61YI%"Z"@\E%!A.D"]Z!4%`J% M_\Z:'R4C<;V^JO],W0;W9^'@'M4?6?LNF,THJ:$1@_+/.#[`W,)M%*Q0N322 M:G`>]95"B1:OTRQ-FL=I9_]]IFT3^$S@"^%;EHQ/A9+-'\*+LK`X$CL=;2_B M#>X./!Q$%9.Q[V#1A;V(*(M+NDX4N%@_'1X2W9YG7<\ MW;[J9!]!"L9#>WE'3A_RR!@L;'Y=>PMM.3F@*/ M_?6#++^T?`=02P,$%`````@`A)8'1T3N(NJA`0``L0,``!D```!X;"]W;W)K M&UL=5/+CMP@$/P5Q`//W`>SQ6HES`;JIJJ[F44YH7UT/X,F;5L:=:>_]<&+,U3UH MX1YP`!-V6K1:^!#:CKG!@F@222O&L^P#TT(:6I4I]VRK$D>OI(%G2]RHM;"_ M+Z!P.M.KXBO M,?C6G&D6+8""VD<%$:8;/(%242@4_K5HOI>,Q.WZKOXE=1O<7X6#)U0_9>/[ M8#:CI(%6C,J_X/05EA:.4;!&Y=)(ZM%YU'<*)5J\S;,T:9[FG2)?:/L$OA#X M2OB4)>-SH63SL_"B*BU.Q,Y'.XAX@_F)AX.H8S+V'2RZL!<157FK\N)0LEL4 M6C"7+8;/F!7!@OI:@N^5N/!_Z'R??MAU>-C0#XO#8E^@V!4H-@+%?UK&MV?9V//-W).[PJ!]'!=V$[:1RYH@\WF^ZF1?00 MK&0/1TKZ\'_60$'KX_)C6-OY2&PO=V]R:W-H965TVF?6'MLHP#B`U^G?%[#7L5KW!9CAG#-G MN!0CVC?7`7CRH95Q1]IYWQ\8#@E33P8HD;M!;V]PD4CD>ZH]?$JVP['Q.L+-C"JZ4&XR0: M8J$YTL?=X91'1`+\E#"ZU9I$[V?$MQA\KX\TBQ9`0>6C@@C3!9Y`J2@4"K_/ MFI\E(W&]OJH_IVZ#^[-P\(3JEZQ]%\QFE-30B$'Y5QR_P=S";12L4+DTDFIP M'O650HD6'],L39K':8=_F6G;!#X3^$)XR)+QJ5"R^55X41861V*GH^U%O,'= M@8>#J&(R]ATLNK`7$65Q*7?Y7<$N46C&G-88/F$6!`OJ2PF^5>+$_Z'S;?I^ MT^%^1=_/#N^W!?)-@7PED/^GQ2W,PU]%V.I,-=@V/1U'*AR,GPYOR2ZO\Y&G M._F$ET4O6O@A;"N-(V?TX6;3W32('H*5[.:6DB[\GR50T/BXO`]K.SVI*?#8 M7S_(\DO+/U!+`P04````"`"$E@=',XA4'^8!``"J!0``&0```'AL+W=O?I9G/[`I`(-"6P5JEAL\`6-6R!C_G34_+2UQO;^K/[MJ3?97JN!)L#]M MJ1N3;.![)51T8/I-C"\PEY!8P4(PY7Z]8E!:\#O%]SC]F-:V<^LXW23Q3,,) MT4R(%L(A<(E/1B[-'U33/)-B].3T:7MJ7S`\1>9#%#9HZS8I*G-G$7EVR\/X MF)&;%9HQES4FFC`+@ACUQ2+"+"[1%WJ$TW=HAKL5?3>YA]\(Q*A`O!*()X$D MV)2(8;XI,D%-$D0@VIA@F!UNDJ(F*2(0;TPP3(*;[%&3/2*0;DPPS!XW.:`F M!T3@L#'!,$?K9N(@:S(H=-3URS192P]1JX9 M/^%YUM,:?E%9MYWRKD*;EG9-60FAP:02/)C_1V,&YW)@4&F[W9N]G&;)=-"B MOT_&93SG_P%02P,$%`````@`A)8'1Q'5\9>D`0``L0,``!D```!X;"]W;W)K M&UL=5/+;J0P$/P5RQ\0@X=)HA&#E$FTVCVL%.6P M>_9``U;\(+89DK^/'PQ!6?9BN]M5U=5^E),VK[8'<.A="F6/N'=N.!!BZQXD MLS=Z`.5W6FTD>->[D"!5219>PR4HR[5"!MHC?L@/IR(@(N`/A\FNUBAX/VO] M&H)?S1%GP0((J%U08'ZZP",($81\X;=9\ZMD(*[75_4?L5OO_LPL/&KQES>N M]V8SC!IHV2CI+";I5XD3_H=-M^F[3X6Y%WZ7J^7\$BDV!8B50S"WNOK6X MA2F^%2&K,Y5@NOAT+*KUJ%PZO"6[O,X'&N_D"UZ5`^O@-S,=5Q:=M?,W&^^F MU=J!MY+=[#'J_?]9`@&M"\L[OS;I2:7`Z>'Z099?6GT"4$L#!!0````(`(26 M!T?`K)#.I`$``+$#```9````>&PO=V]R:W-H965T:G*SR!$$'( M%_X[:WZ5#,3U^J;^,W;KW5^8A2F\VPZB!EHW"O>CI%\PM[(-@K86- M(ZI'Z[2\43"2["/-7,5Y2CNTF&G;!#H3Z$)XR*+Q5"C:_,$J_RP+\DU",V8\QI#$V9!$*^^E*!;)<[T/SK= MIN\V'>Y6]%VJGA?;`L6F0+$2*.86#]]:W,+R1>\*@?6P1]F.JXLNFCG;S;>3:NU`V\EN]MCU/O_LP0"6A>6]WYM MTI-*@=/#[8,LO[3Z!%!+`P04````"`"$E@='&>5LP*8!``"Q`P``&0```'AL M+W=ON]V0RC!EHV"O>JIQ\PM[`/@K46-HZH'JW3\D;!2+*/-',5YRGM[(N9 MMDV@,X$NA(E0N'=Z275[G(XUW\@FORH%U\(N9CBN+ M+MKYFXUWTVKMP%O)[O88]?[_+(&`UH7EP:]->E(I<'JX?9#EEU;_`%!+`P04 M````"`"$E@='2-0"0*(!``"Q`P``&0```'AL+W=OOO)23-F^V!W#H70IE3[AW;C@28NL>)+,W>@#E=UIM)',^-!VQ M@P'61)(4A&;9'9&,*UR5,?=BJE*/3G`%+P;944IF_I]!Z.F$<[PD7GG7NY`@ M54E67L,E*,NU0@;:$W[,C^=#0$3`'PZ3W:Q1\'[1^BT$S\T)9\$""*A=4&!^ MNL(3"!&$?.%_L^9GR4#?L'< MPFT0K+6P<43U:)V6"P4CR=[3S%68NA";,BB%=?2]"] M$F?ZC4[WZ<6NPV)#+U)UFNT+''8%#AN!P]PB_=+B'J;X4H1LSE2"Z>+3L:C6 MHW+I\-;L^CH?:;R33WA5#JR#W\QT7%ETT<[?;+R;5FL'WDIV^[5)3RH%3@_+!UE_:?4!4$L#!!0````(`(26!T=%/IDGHP$``+$#```9 M````>&PO=V]R:W-H965T#@ ME33P8HD;M!;V[QD4CB>ZH[?$JVP['Q.L+-C"JZ4&XR0:8J$YT6C@@C3%9Y`J2@4"K_/FI\E(W&]OJD_IVZ# M^XMP\(3JCZQ]%\QFE-30B$'Y5QQ_P-S"(0I6J%P:234XC_I&H42+CVF6)LWC MM+/G,VV;P&<"7PC?LF1\*I1L?A=>E(7%D=CI:'L1;W!WY.$@JIB,?0>++NQ% M1%ECB,5#L9/A[=DE]?YF"Z1?<++HA&PO=V]R:W-H965TDFS9R+#5=K78?5JKZT#X3>VRC`N,%'+=_ M7\".:W7]`LQPSIDS7/(![9MK`3QYU\JX(VV][PZ,N;(%+=P-=F#"3HU6"Q]" MVS#761!5(FG%>);]8%I(0XL\Y9YLD6/OE33P9(GKM1;VXP0*AR/=T&OB63:M MCPE6Y&SF55*#<1(-L5`?Z:10N@H/11 M083I`H^@5!0*A?]-FE\E(W&YOJK_2MT&]V?AX!'5JZQ\&\QFE%10BU[Y9QQ^ MP]3";10L4;DTDK)W'O650HD6[^,L39J'<8??3[1U`I\(?";<97*#1A3DL,'S$S@@7U MN01?*W'B_]'Y.GV[ZG"[H&_'ZOQ^76"W*K!;".RF%N^^M;B&^5Z$+B@;_"-M(XR>/="`%3^(;8;LWZ\?#$%9]F*[VU75U7Z4DS;OM@=P MZ%,*98^X=VXX$&+K'B2S-WH`Y7=:;21S/C0=L8,!UD22%(1FV1V1C"MM/C-&]=[LQE&#;1L%.Y-3\\PMW`;!&LM;!Q1/5JGY96"D62? M:>8JSE/:*?8S;9M`9P)="/LL&D^%HLU'YEA5&CTADXYV8.$&\P/U!U&'9.C; M6[1^+R"J\E+E^ZPDER`T8TYK#$V8!4&\^E*";I4XT7_H=)N^VW2X6]%WJ?KN M/P+%ID"Q$BCF%O-O+6YAOAQKOY`M>E0/K MX"2W=QBU/O_LP0"6A>6/_S:I">5`J>'ZP=9?FGU M%U!+`P04````"`"$E@='K;+K';`!```6!```&0```'AL+W=O;=Q/;O[_1C.]6L]+L9`"SZ$%R:4S98.QXQ-LT`@IH'-8)T.YW2 M@EJWU#TVHP;:!I+@F.3Y`0O*9%97H?:JZTI-EC,)KQJ920BJ_YR!J_F4%=FM M\,;ZP?H"KBN\\EHF0!JF)-+0G;+GXGC>>T0`_&0PF\T<^>P7I=[]XGM[RG(? M`3@TUBM0-USA!3CW0L[X]Z+Y:>F)V_E-_6OHUJ6_4`,OBO]BK1UTN+MK,87YC\D^:;)/ M"!SN3%*8QSL3O#DX`;H/]].@1DW2QA-:J^L3>";AX#_A=372'GY0W3-IT$59 M=WW"!>B4LN"BY`\NR^`>Z;K@T%D_?71S'>]M7%@UWE[A^E=0_P502P,$%``` M``@`A)8'1^L2J%JO`0``%@0``!D```!X;"]W;W)K&UL;53;;J,P$/T5BP^HP4EVTX@@-5VMVH>5JC[L/CLP@%5?6-N$]N_K"Z$H M]0OVC,\Y<\87RDGI-],#6/0NN#3'K+=V.&!LZAX$-7=J`.E66J4%M2[4'3:# M!MH$DN"8Y/D/+"B3656&W(NN2C5:SB2\:&1&(:C^.`%7TS$KLFOBE76]]0E< ME7CA-4R`-$Q)I*$]9@_%X;3SB`#XRV`RJSGRWL]*O?G@N3EFN;<`'&KK%:@; M+O`(G'LA5_C_K/E5TA/7\ZOZ[]"M88::.G([:N:GF!N M(3BL%3?AB^K16"6NE`P)^AY')L,XQ95]/M/2!#(3R`T!QT+!YB]J:55J-2$= MMW:@_@2+`W$;4?ND[]M9-&[-(ZKR4A7[?8DO7FC&G-88$C$+`COUI01)E3B1 M;W22IF^2#C"_X%4YT`[^4-TQ:=!967=]P@5HE;+@ MK.1WSDOO'ND2<&BMG_YT, M",FD`0``L0,``!D```!X;"]W;W)K&UL=5/;;IPP M$/T5RQ\0LX9-DQ6+E$U5I0^5HCRTSUX8P(HOU#9+^O?QA24HH2^V9WS.F3.^ ME),VK[8'<.A-"F6/N'=N.!!BZQXDLS=Z`.5W6FTD@+-<* M&6B/^&%W.!4!$0&_.4QVM4;!^UGKUQ#\;(XX"Q9`0.V"`O/3!1Y!B"#D"_^= M-3]*!N)Z?57_$;OU[L_,PJ,6?WCC>F\VPZB!EHW"O>CI">86]D&PUL+&$=6C M=5I>*1A)]I9FKN(\I9W\?J9M$^A,H`OA+HO&4Z%H\SMSK"J-GI!)1SNP<(.[ M`_4'48=DZ-M;M'XO(*KR4NWN\Y)<@M",.:TQ-&$6!/'J2PFZ5>)$O]#I-CW? M=)BOZ'FJ7ORG?K$I4*P$BKG%XE.+6YC]IR)D=:823!>?CD6U'I5+A[=DE]?Y M0..=?,"KE(I M<'JX?I#EEU;O4$L#!!0````(`(26!T<_/L;?O@$``"4$```9````>&PO=V]R M:W-H965T8A!2J:JVD6E*(MV M[8'+@.('L3U#^O?U@R%DBKK!U_8YYY[K:U..4KWJ#L"@=\Z$/D2=,<,>8UUW MP*E^D`,(N]-*Q:FQ4W7&>E!`&T_B#),X+C"GO8BJTJ\]JZJ4%\-Z`<\*Z0OG M5/UY`B;'0Y1$MX67_MP9MX"K$L^\IN<@="\%4M`>HL=D?\P1@=U=)P`B/*0*&I.M)LM4DV3])['NX2Y(MDFP\YDM6I&0;)YOD[M36 MH/FVB/-=?&\++SHZT#/\I.K<"XU.TMC+X=O;2FG`RL8/>80Z^V;G"8/6N'!C M8Q6N<9@8.=P>Y?QGJ/X"4$L#!!0````(`(26!T>ROK]14@(``'D'```9```` M>&PO=V]R:W-H965TBX^9,F8+$K64+GA'6OUFPL7#55Z*JZ>[`2C9TMJ:@_[?NPUM&K=/+-K;R+/ M^$W55A"-O34/%GP.K>;]SD?M8>*^NI3(+7IYY$^]<-:R5%6\=P2X[=X^V M1X0-Q")^5JR7L[%CS)\X_S"3[^>=ZQL/K&:%,B&H?MS9D=6UB:25?X]!GYJ& M.!\_HG^UZ6K[)RK9D=>_JK,JM5O?=<[L0F^U>N?]-S;F$)F`!:^E_7>*FU2\ M>5!.^( MX6-TU'QSM`WTSA5FT6R4SDGJ=P:19_<<^RCS[B;0B#G,,=ABG@A/1Y\D,"1Q MP"LZ_E?@""`B6"$`DPAF_&!,`L,!0C!`.`L0C@&"Q2Y`F!`6B4"1"`@0+40& M3&LQL<60,$5QO-BP-2Q,"`ICV$X,VHD!.PN=0SS322TFW:2Q/_LMSLIQS4!D M@U^<%P(:(X`QLC!&5AN`48!"\F('$E`H`822A5"RRB?A7B12%`_W^)$'C1]P@#+E;%!*]R3?R(1.'B(`&X."4D M6AXE;U;I&B:NM@-(I^"W5@TE;5J=NLS>-AGO"<^SCE[9#RJN52N=$U>ZWMJ* M>>%<,6W'W^@K5^H^.$UJ=E%F2/18#)UAF"C>/1K=U&WSOU!+`P04````"`"$ ME@='M&FWQ:H"``#\"0``&0```'AL+W=OX,$0H`',Q/L=-I#9S(YM&?%EFTF@%Q)CM._KP288+%Q,\TA M2.*]M_L66=K\+.2+.G"NO;>F;M72/VA]7`2!VAQXP]2=./+6O-D)V3!MIG(? MJ*/D;-N1FCH($:)!PZK6+_)N[5$6N3CINFKYH_34J6F8_%/R6IR7/O8O"T_5 M_J#M0E#DP--]#6N)T?%'_VKDUV3\SQ5>B_E5M]<$DBWQO MRW?L5.LGTS;89(. M\P7'44K3Q"D)!,P()DGF%`8`$IJ0D*9.?0`@12F.0@J;C$&3,6#2V2]E_%F3 M$!`T"0!ADP#PIDD*FJ2`26=#EG02B0X8A!*,G$^^F@-Q1B-,J&L24$1I@D/B MU/AKTPFH,D$,$D=D\EG31 MLG[/H#N4H*L_[!@&20YH#8)"]^`"4=$'1VP&VLP`F\Y/H\S^QR9(\RQ?Y MD>WY#R;W5:N\9Z'-C=S=J3LA-#?)HSMSL!Q,*S9.:K[3=IB8L>R[DWZBQ?'2 M:XT-7_$74$L#!!0````(`(26!T?$?3KV#P(``/<%```9````>&PO=V]R:W-H M965TR-?[GO,<$,I!R%=5,Z:C]Y9W:A?76O?;)%&GFK54 M/8F>=6;E(F1+M1G*:Z)ZR>AY-+4\`6F*DY8V75R5X]RSK$IQT[SIV+.,U*UM MJ?RS9UP,NSB+[Q,OS;76=B*IRF3VG9N6=:H1723991=_SK8'8A6CX&?#!K7H M1Y;]*,2K'7P_[^+4(C#.3MI&H*9Y8P?&N0UD$O^>8GZDM,9E_Q[]ZUBMH3]2 MQ0Z"_VK.NC:P:1R=V87>N'X1PSE17NWQ%%+WUW;=&,[ MN)5\,]G"!C`9P&S(T'\-<#)`SY`XLK&N+U33JI1BB*0[BY[:(\^VT.SC/,A0. M`(,!X"(`<@`@]!&Y("XA43T!&$"X##0"@(A`)`F0>$%HFPTZ`B M!?[FKF60(``?X.1!G#R`X^79YVN<38$Q@![/6@=AED+RX,1Q$`@'@+Q$>[Q* M]`F:-+G'$Y#E!88/_A\2Q"$!'.3AD-5_D:-B4V3^_[/684BR(H4>4+*XHSV] MLA]47IM.14>AS74?+^Q%",U,S/3);'IM7N%YP-E%VRXQ?>D>)C?0HK\_L_-; M7_T%4$L#!!0````(`(26!T?C]=ED.0(``.P&```9````>&PO=V]R:W-H965T MJR;`]+;N[#]DQ;6LU5 M<4!O[[[]`&VO0[HTJ8#__SF_\Z&\@D_CW'_$AIC#>`[+\&-!N09T@F,E?7%Z9954IQC>3T+$9F'SG8(-.Y@UVT MC3(U*7//*JKRK8(P+Y,W&VC6[)8:.&G^5=0!Q4>0Q`#<*6"0`B[\R/D!(.$` M*!@`+0)D;#39!3C MS,<)R`J(Z(/VYD&O\F!" MR(.'0()IR#H-2KTT9%UUBLT/>&4'=!E%F#[8I#0(1`-`7J(=727ZA"!`J=>? M.J2CE.8/.E0$@8H`D+?_=L7J=2"H@*NW9BT#:6%:Y#VT%% M>Z'-&>=.J9,0FIN8Z9/9;(WY]-PG'3]I.R1F+*?3>)IH,=Z^+?&PO=V]R:W-H965T51K-HUT[B!#2`*7;"].UK M`\DP<%#337SA/[^_8_!QDDZVKRH70CMO55FKK9MKW6P\3QUR47'U)!M1FRJXNV?G2AE MMW6Q>YMX*FGCWN&-1B5H5LG9:<=JZG_$FP[Z5](J?A>C4I.]8^+V4 MKW;P_;AUD640I3AH:\%-=X0\W.'>RDW2B3 MDS+/K")-KBFA-/&NUFC4[*8:,F@^*C)`$=PEG@&X4Q"0@DSBZ4CAPP84-*`3 M`W\T"&9I#)JZUT2]!J,X#@@)9]E`0A:'01S!2#Z(Y`-(LY5V_F2EL-=\BF/, M")ZQ9X`0(X0P"V.8*0"9`H`IFC$%BZ4PBB*$\0QIJ6.Q'Q$&\X0@3PCPK!A$ MH$'T^(?#0`/VP(?#EIG2D/KS7T:P?V'9#_[UM84@F+_3>VW//.>VE1:_-T;8`#GU+H>P6 MM\YU&T)LU8)D]D9WH/Q.HXUDSJ?F0&QG@-6Q20I"DV1-).,*ET6LO9FRT"^:%UH4#*@DQ]-9>@+-<*&6BV^#[=[/*`B(`/ M#KV=Q2AXWVM]#,E+O<5)L``"*A<8F%_.\`!"!"(O_#5R_DF&QGE\87^*I_7N M]\S"@Q:?O':M-YM@5$/#3L*]Z_X9QB.L`F&EA8U?5)VLT_+2@I%DW\/*55S[ M88?>C6W+#71LH'\-@_%!*-I\9(Z5A=$],L/5=BQ,,-U0?Q%5*(9S>XO6[P5$ M69Q+FJ<%.0>B$;.;8^B(H1.&>/Y)A"Z*T!E!%@E2FBT39(L$V8P@'QUD5RX' MC(J8VXC)UNM5DB3+0OFB4+X@E%\)Y?^$O)D57>=70F0V@XX=X)69`U<6[;7S MXXP#:;1VX#F3FQ5&K7\T4R*@<2&\];$9_J,A<;J[O(KI:9:_4$L#!!0````( M`(26!T>JO;Z`*P,``%H,```9````>&PO=V]R:W-H965T>6G23_V7*>)/K=%7JGGVFO.99G5?]>JT)>5 M#_YUX&=^.+;=0)`FP12WRTM5-;FNO%KM5_X#W#]!U$EZQ:]<79K9O=?!OVC] MVCU\WZU\TC&H0FW;+D5F+F_J415%E\E4_C,F_:C9!<[OK]F_]M,U^"]9HQYU M\3O?M4=#2WQOI_;9N6A_ZLLW-\ZJ^7 MX8WD8Q@>0,<`.@70SP/8&,#^-X"/`?PC`#X-$&.`L`*"8>[]RFVR-DN36E^\ M>FCW*>MV%=P+TYMM-]BUPJQ:8]YUBC1Y2RD72?#6)1HUZ[F&]AK);R6/K@0F M16``)@J*4:RI$TZYM$I@FO!6LW$U$$>WFBDUXU1A0JS<;1"=$:'YP(($""1=($`M(S`K)8=8L9C%8;=H@ M.D["D!,<2*)`$@$""T@ZA:0$(-3B066A7&A8B.*$"(Y5YS%TZO`8N+2H-YB, M25C`B5"<",%A%D[DU&&,1)'=+40FN>#V-Q,YNTP0H$!QZABECA%JVT9B=W5H M+&*[IZZ,,F)8L=02W:T#\ M6MI^#8@1?U()]V%`C-BVM#6X%@MLN1)NL8!XK*1VI=#M%`A@2[L'MT]`_%/: M_@FNY3&(0V8;=3`[:)6J/O1'W,;;ZG/5#B>J:70Z1C_0_J#V(4^34W90/[+Z MD%>-]Z);<]SK#VQ[K5ME<,B=Z>;1'/2GAT+MV^XV-/?U&ULE59-CYLP%/PKB'L7C(T-$4%JJ*KV4&FUA_;L)$Y`"YC: MSK+]][4-H2P8[?82?\V,YSWCYV0]%\^R9$QYKTW=RKU?*M7M@D">2M90^<`[ MUNJ5"Q<-57HHKH'L!*-G2VKJ(`I#'#2T:OT\LW./(L_X3=55RQZ%)V]-0\6? M`ZMYO_>!?Y]XJJZE,A-!G@43[UPUK)45;SW!+GO_,]@5`!F(1?RL6"]G?<^8 M/W+^;`;?SWL_-!Y8S4[*2%#=O+""U;51TCO_'D7_[6F(\_Y=_:L-5]L_4LD* M7O^JSJK4;D/?.[,+O=7JB???V!A#;`1/O);VUSO=I.+-G>)[#7T=VJJU;3^L MX&2DN0G12(@FPI")30(<"7!!"`9G-JXO5-$\$[SWQ'`8'35G#G909^YD)DVB M=$Q2KQE$GKWD$499\&*$1LQACHD&S%M$X4#$$R30!B87D=-%-./#T<6&`'0* MP)D`L@(P740Q0%H+(19"0)K"$"]B<>`P1!!N^$%./VCE)\*+C0YHMA&VF$]) MC)-XD?["@4L)!EL)BIV&8HS\F(>1,M("1=EH0U#(0XA@1L.')7!A"M\[+UH0%W;0#P/_+BOLY@ M?9_7>4&KPH%31,#RFA4N(`!`W^B%IV!6Q#MZ93^HN%:M](Y2PZ":^_>?_ MCHF/G0U"OJN:,>U]M+Q3)[_6NC\&@2IJUE*U$SWKS$HE9$NU&Y5Y)FZ:-QU[E9ZZM2V5?\Z,B^'D8_\Q\=9<:VTG@CP+ MYKBR:5FG&M%YDE4G_S,^GG%H)4[QLVO0]F_Q%B'<[^%Z>?&1S8)P5VEI0 MT]S9"^/<.AGR[\GT'],&+OL/]Z]NNR;]"U7L1?!?3:EKDRWRO9)5],;UFQB^ ML6D/D34L!%?NURMN2HOV$>)[+?T8VZ9S[3"NI&@*@P/(%$#F`!R[Q$>02_,+ MU33/I!@\.7[;GMJ_$!^)^1"%G;3[-BDJLV85>7;/28*SX&Z-)LUYJ2&3ALR: MP/C/$`)"R,(@G`Q"V"`$#<*%P7XRV*^R'#6=TR1.@Q',V(.,/<"(5@Q($\.0 M"(1$@$&R@D2+C6#D1)\(WD4P)P8Y,!U#)(0!"UC6'GH[SQD'# M&X6-`/-\SS>0\65UI/K^P'E=>F4]Y% M:',[NONM$D(SXXAVIH9J\PC-`\XJ;;N)Z&PO=V]R:W-H965T'3`!U<;,=D+W[V<;AQ)V MMO4%W[[+.3ZV*48N7F5+B/+>&.WEWF^5&G8(R:HE#,L-'TBO5QHN&%9Z*,Y( M#H+@VI(815$09(CAKO?+PLX]B[+@%T6[GCP+3UX8P^+7(Z%\W/NA?YMXZMGQWA.DV?N?PMTQ-P@+^-Z142[ZGHG]Q/FK&7RM]WY@0B"4 M5,HH8-U3!E^H M>N'C%^)22(U@Q:FT7Z^Z2,79C>)[#+]-;=?;=IQ6\L#18$+D"-%,")-_$F)' MB#]*2!PA^2@A=83TG9#9O9QRMSOWA!4N"\%'3TS5'K`Y5.$NU;6IS*0IA=XU MJ=<,HBRN992G!;H:(8=Y7&(BA\GN,0<(L[W'/$&8_!YS!#`S`NE,YG0B,)UH M08^=Q0,L$(,"\4(@F00>@E4>$Z:WF*W%A"GLD8`>">`1KCR2/SS^8I&"%BE@ M$:W*FBXLPF`";5:U/_P'=!=*!H:2`:'$JVPA3`*;;$&3+2"P2N4(83+8)`=- M`S^8;%N>NE=^)*WW-[4QO.%=%ZP487H-4/_#R@I%&F MN]5],;UYTT#QX?:"S[^1\C=02P,$%`````@`A)8'1Y+E"PI/`@``T@D``!D` M``!X;"]W;W)K&ULE5;!CILP$/T5Q`>L&2`$5@2I M256UATJK/;1G)W$"6L#4=L+V[VL;0FDZ0=X+V.;-X\T,#SOON7B3)6/*>V_J M5F[\4JGNF1!Y*%E#Y1/O6*N?G+AHJ-)3<2:R$XP>;5!3DS`($M+0JO6+W*Z] MB"+G%U57+7L1GKPT#16_MZSF_<8'_[;P6IU+919(D9,I[E@UK)45;SW!3AO_ M$SSO(#,0B_A1L5[.QIX1O^?\S4R^'3=^8#2PFAV4H:#Z=F4[5M>&2;_YUTCZ M]YTF<#Z^L7^QZ6KY>RK9CM<_JZ,JM=K`]X[L1"^U>N7]5S;FL#*$!UY+>_4. M%ZEXJM?=^>)(&8Q@>$(X!X10`\6)`-`9$=P%D4&;S^DP5+7+! M>T\,S>BHZ3D\1[IR![-H"J5SDOJ9013YM0BS+"=70S1BMG-,.&#^1>P0Q&J" M$"U@4A&B*L)9?#3$IQE.$*$$T8P@M@11$-RE,6!:BUE;#*11D,91[=9+$X*'*I.+C-`?-Y M\H`"-SJD'R@.;DS`G/E?<3+G+P=%8L4AL]VWHV?VG8ISU4IOSY7>R.U6?.)< M,B^'(,4P4[VXGJ.D85_P!4$L#!!0````(`(26 M!T?*DTXX+0,``%X.```9````>&PO=V]R:W-H965T1E_7\>G/@15K?B2,OU9N=J(I4JMMJ M[]7'BJ?;AE3D'A`2>46:E>YBUCQ[KA8S<9)Y5O+GRJE/19%6?Q]X+LYSE[J7 M!R_9_B#U`V\Q\WK>-BMX66>B="J^F[O?Z/T3A!K2('YE_%P/QHY._E6(-WWS M8SMWBYCJ24_W1!/S4U<3B^1%\WTU7IOZ8U7XK\=[:5 M!Y4M<9TMWZ6G7+Z(\W?>S:')<"/RNOEW-J=:BN)"<9TB_6BO6=E:<1B]K[P"9MY[SI0AWD8 M8J##Q&/,$L,D8\P*P5`RQCQB&#K&K#$,C#%/&,;O,9ZJ25\80`L#@P!^$P`( MX`%\-(`_"!!T&03&3%I,V6"B!D-QB0"5"!")T"AH,)!@#<8H^?H:8I1$B"81 M(DE$AD1XJT2$2D2(A-&DJ\B2H#%I?K@20Y48HF2T^@K#)+A(C(K$=@`P]T%L M=0:C+`QPF02521`98RL])@.9I*W:76*4=OT%:)2*]GW,9@B2#)A[G]AK&-!@ M4FK"T2@BY9M2U-YY/H-PPB(H[A$4$*G`E`)L5N/.['SM!N0X+=QY*&(]$$Z$ MP)V%!K?;'\5]@2+&`(8Q/-#07@>"U&9Y`W"<%.XD%+$28.:*1996E*A?:*[7 ME[AQ2KCE4,1/(#938E9K@(_VT-?`<5*X15',HQ)3*[;[%:YIX3Y%$:/RK7G9 M("`3=@BX!X'M04`G4@7<6X#>OBU@XER!>(9OVC*`U5DQ"8?^WU;E1MP3@HL2 MQL*)TP;@O@*(K_A3L\=]!?[#5P#W%4!\Q2Z@;1=F1UV%M(EX@U/T,=WSGVFU MS\K:>152'2'&\?,WUGY2+ M?U!+`P04````"`"$E@='7FG6SR0#``">#0``&0```'AL+W=O0A@[CWG^)KCC^PJVJ?NQ+ET7NJJZ=:KDY3G.\_K=B=>%YTK MSKQ1;PZBK0NI'MNCUYU;7NS[I+KRJ.]'7EV4S2K/^K:'-L_$159EPQ]:I[O4 M=='^V_!*7-CX5E1_RKT\*;7^RMGS0W&IY"]Q_<['/H0:<">JKO]W=I=.BOJ6LG+J MXF6XEDU_O0YO$G],PPET3*!3PL2#$]B8P%X3HKZG@[*^7U\+6>19*ZY..PS& MN=!C3NZ8JMQ.-^I"J3YUZIV.R+/GG#&6><\::(S9S&-H'T/>1FS-",:"*<93 M"B89%,G84`.`+BA`1(@9&.PHF^6S4:(%((``P0P@&`&B1:6&F*:/B?J8((E) M$&&>$/*$@"=>\(0&#V-^$OJ8)X(\$>!),$`,`6(`D"Z$QH;0+U&2,(O0!/(D M)D_@+W@2@R<.4A(MQF=KAKTW/BF4DP(Y"S]LTAE/.C@F=BG!-'J:0<[T`1%= M6M,WF*A+;$26*8``(F:!@/:])Q1`!$NMU-3*W-#RS1%L8\(`4[AD8@93ZJ:1 M/_L9,YB9\MZ0X2F"@#G"]G$1['X"[!_$%@AL;!)]?*HCV-H$>#M8FHG,S4W& MA<&-4@L3-C=![DZ63(DY."1R+2L,P;XER+@6L11;DOH?KRS%9J/(;,ME9`QZ MTU\WL1B%8DM29,ED243-(53SAZU+V)(46-*V%%%L'!I\HK#8.!09QRAL^)E/ MEF)_4;!RFI6-3*:4N"F>@][28D]2X,G0!H'-1I-/E!F[B"(7&65.49ECBU\9 M-AM#Z]^RS,Q<_]#,X,VVPS5OC_TQH7-VXM+(8=\[M4Y'D7O:;Z=?P_/L7!SY MSZ(]EDWG/`JI-N7]MOH@A.1*C>^JS^ND#DO30\4/4M_&ZKX=C@_#@Q3GVVEH M.I+E_P%02P,$%`````@`A)8'1T[&R=8H`@``YP8``!D```!X;"]W;W)K&UL=97+CILP%(9?!;$OV.9BB`A2,U75+BJ-9M&NG<0) M:`!3VPG3MZ]M2$KAL,&W__S?L=&QBT'(=U5QKKV/MNG4WJ^T[G=AJ$X5;YD* M1,\[LW(1LF7:#.4U5+WD[.R"VB8D"*5AR^K.+PLW]RK+0MQT4W?\57KJUK9, M_CGP1@Q['_N/B;?Z6FD[$99%^(P[URWO5"TZ3_++WO^,=P=,K,0I?M9\4+.^ M9Y,_"O%N!]_/>Q_9''C#3]I:,-/<^0MO&NMDR+\GTW],&SCO/]R_NNV:](], M\1?1_*K/NC+9(M\[\PN[-?I-#-_XM(?$&IY$H]S7.]V4%NTCQ/=:]C&V=>?: M85S)T!0&!Y`I@#P#QDEI`COUFC2'.8:,FFBIR8T_D\(`2%D9A`Y`X((;!"!!M',()XRB!=9 MCIK.:5*G27-*$PQS8I`3`YQDP8E7G(@BBA#,24!.`G#2!2=9<3[AG&9;H!0$ MI0"(+D#I&I3&64YA#@4Y%.!D"PY=<3*4T-E__(^3@9P,X.0+3C;CY*,FP!N4 M'*3D:TJ*%I1\1L%C59``;1R:O1>@XD,`""^K#ZU)41"E&Z2-,L<`:57G&-I3 MME&I&*YU3`!2M"21U3\B0;H$A;-+K&=7_H/):]TI[RBTN0[=C7810G/CB`)3 M+I5Y=9Z#AE^T[5+3E^,]/`ZTZ!_/RO-M*_\"4$L#!!0````(`(26!T=`1"$' M&PO=V]R:W-H965T.(+*<5$2O6T%J=G!FOB%1+?G%$PRDY&:.J=#S7 M#9V*%+6=)F;OE:<)N\JRJ.DKM\2UJ@C_LZ]>+'Z>M[>H8:$DSJ2F(&F[T M0,M2,RG/'SWIPZP/\,/!- MIEUD)J\7(DF:<-9:O/L9#='_'&VPJERF-W6A5$Y"G6E$FMQ2'/J)<]-$/68_ MQG@&@P:$H]@'%Q[D8N\]F7M?'1P`1`![P&`2>&2/^R1F"'R0P!\1^#U!.*E" MAZD-)NJJX*(XB-`DF6=<@$/D!A@.*``#"H"`(I@@!`G"Y26)0()H04FBA25Y MQOVS)&LPH#40T!HFB$&">'E)M/(AL;A`#/%4+0`H3-^ M0&7ND`=0X*D?".3/^('UB3!`$4S]X%&7Q%TWK?PY1[".$2#D*)RA@)6'@O]H M$UA[*%S2)@`HFI$X@B6*`(T^MPD$FM$-@I6'`.D]MPD$FOM[L$!1O*1-XB5M MXHSNOXKRBWD7""MCUUIV%]VP.[P]=IZY/Q_P-&G(A?XD_%+4PCHRJ6YA M&9-4!>.N5+/DZG4T+$IZEGH:J3GOW@O=0K+F_OP9WF#I7U!+`P04````"`"$ ME@='[W=F)R(#``!W#P``&0```'AL+W=O53?;U MP4MV.#;Z@;-.G)O=+BM$66>RM"JQ7]E?Z''#`PUI$;\R<:D'UY8F_RKEF[[Y ML5O9KN8@]L MUQP56]>V=F*?GO/F15Z^BSX&7SORN)K85I%^=.>L;,^7[DWD M]F;8@/4&[&9`WJP![PWXR,#IF+5Q?4V;=)U4\F)5W6*<4KWF],A5YK;ZH4Z4 MBJE6[S1BG;RO>1@GSKMVU&.>AAC68MAGQ`8@_!O$401N+!ADP0;VO&,1N=@! MAP[XP('7.Z!1&!VF;#%ABR&78C\%,+-@=B"M/2@3V)2%4#,';3>6*^PP`SC8:PL(FI.QQ[Z-@83<&P'E26-R$U&U:+RQOND/?A`5. M2.&$73"L288T:9`UPYID--MZ/[LP#&RDR7I9%A!#$U90UTPK""& M%!0;7.!Z9\$=@>#J9*@Z38'@ZF31U$5L8H&KD\7+`^&X.CFJSO%4[T%#2>.Q MCH!SN>@W@-#L7)<[_R>/U3#+RKZ1QV/,1BW^C+4%U7W;ZPNVGDZ;K-O>VUU_\`4$L#!!0````( M`(26!T=ETZB^>`(``-T(```9````>&PO=V]R:W-H965T\_VO`SYE?$W45$JG8^VZ<36K:3L-YXGRHJV1#RQGG;JS8GQED@UY6=/ M])R2HTEJ&P_[?NRUI.[<(C=K+[S(V44V=4=?N",N;4OXWSUMV'7K(O>V\%J? M*ZD7O"+WQKQCW=).U*QS.#UMW1W:[%&F0TS$KYI>Q63L:/$'QM[TY,=QZ_I: M`VUH*34$48]W^DR;1B,IYC\#Z)U3)T['-_1O9KM*_H$(^LR:W_515DJM[SI' M>B*71KZRZWB)() M46R/Q,?)-.X340H2I7.B=`$@`P&R];>O_0?5N+_B_H>@Z;$F.$W0PJFB!3NA M]16`0+OL$%Y1`T/0IR((<1@L5"N"C86"%54P!$W+($YCG"S=`6Q!!'@PC1<@ M8'.AZ#\J`;87@OPUJX2YP5#H1^'BCF&'(P4_. M]"?AY[H3SH%)U01-&SLQ)JG2XS^IBJC4M\8X:>A)ZF&BQMQV7SN1K+]]3(Q? M-,4_4$L#!!0````(`(26!T>5#&40*@(``&0&```9````>&PO=V]R:W-H965T MV)>+O MGC(^[,(DO"^\-Y=:F86H+*+)=VI:VLF&=X&@YUWXFFP/N5%8P:^&#G(V#@S[ MD?,/,_EQVH6Q0:",5LI$(/IQHP?*F`FD$_\98SY2&N-\?(_^S5:KZ8]$T@-G MOYN3JC5L'`8G>B97IM[Y\)V.):0F8,69M+]!=96*MW=+&+3DTSV;SCX']R;; MC#:_`8P&,!FF/'X#'`WP8<"V4D=FZ_I*%"D+P8=`N+/HB3GR9`OUSE5FT6R4 MKDGJ=T91%K<2;G`1W4R@4;.?:X#5),^*PUH!(9HTD2:8,(`/8P]6`<`BA4>1 M^C-`;Z%PYH>N")3X`R!O`#0+@,:=RA8[Y32=U61.@U&*\D4M:UD:)R`!?IS4 MBY-Z8+A@@N/K:#1P9` M$F/LY\F\/-F*!\7Q@B=;GQ6,\WS)XY$]'^D33N[%R3TXBRNT]VF69Q#-;G5+ MQ<5V.QE4_-HI=WVGU:FAO@+;%1[RLNC)A?XDXM)T,CARI7N+[0YGSA75*/&+ M_B)JW?*G":-G98:9'@O7!=U$\?[>TZ<_EO(?4$L#!!0````(`(26!T>#U*5" MP3D``'L3`0`4````>&PO/W_^=G_^^[*L@CI+?JS595YG MU1^^.AI-OPH^+=.L_,-7-U6U>OSH43F[4E:M" M17%YHU2U3!]-1J.31\LHR;[ZYO=E\LWOJV^>YK-ZJ;(JN,CBX%E6)=4Z>)'Q M"$F>!8=!>1,5JOS]H^J;WS_"/MSO)'B59]5-"7UB%;=__6.=#8/I*`PFH_%Q M]\=T&(R/_3]N@^?/%]=E542SZG_V]GR_7JGVC^/1X9_:WUU`ZYAZ/$^C1?O7 M>926G6','&]5D>0(8!P\C:I..[W^P6]^LW&1SY-R%J5ZM.?P=0?1?YILZ_T_ M5%3X^PK^WJE%@DB#+J^C90?8JTH5*J^B3TD9`JYGPYYA+F'.`N9[`3O^*?AG MM6ZWNZR+H@U7'X8.#\>3P^FX_?7[(HJ3;!%=K^M:P^]:WQ>9*J(KB$ MF19YT8'L:AFE^/L[MXS)>K*.LTU$O-ETL@MJLJGWT,@RLZ`<&;NBJK M*$/XVMV>1&F4S12TA'-6PJ'Y/C@H+-U:@9T,2;2/^I#7U26,,CCSL]1 M>1/`],$,/Z@?Z^0V2J%]!R,7LQERBC(HU$Q!H^M4A4&FJB"?!X"&_(Y`A3\> MC,?GXQ*LJO<;ADEE0=7`)5R3PEG\X5$3^%E;[-\S=U2(#FW:EKB\,^?!LA8=ZH M*@%1<]#/<5O]^M4'+].(0S-UNU&WU;Y,"&EU&Q2+(. M0V7\`0?3$K8SQSM5@A(V8[TAABG2G.1D!R>@2?!AA*D^JLI#8M^J3*'V1RB) METE&*B4R)__"\@YT_?"GL$B_N$BR6=[56$&B@\H*B-ORL\S<_OTUZ$*^*?7W MP0I5%"%^).0.7I]$93+K4E!:5UTB_5XEBQODG]$MK'>A]$&J2\5L&S31FM"0 M[3Q_\R"19O@<.-6&@T1MYM1F7N1+9WLBE#!>@7P1_U"7%4]3Y<@8\VP&>K8% M%+XE;52OQ3=J!_BG"FS264)'OVN3H7[^%[;UX%@D1G?K0M=J:O2/>9(1R\>C MU65!B,_#ZP@!1LP#??@!,6O'L>]ZM*O+&X`.F6)CZ:0GTD'922FT`L='D%OQ MNVVG$]#0RRU]WM;`)``GN%:C3&^%9I>1V]#PYFR!)EHST0$T_Z2BM+J9P:8% M[_(U?%X'(/HKX$4E*:H>NV"F5*S7#L)*6SLBF<00,K]XJ<0L=57DMPE(GN!Z MO1/HV#%6,Y2&BG6R'8VV7NL.5;1K,."S#&<&R%?D++A7?X6&5U_/IZJ<%ERNHIGZPU=PX%&DJJ^^&0\#=Z3+K%K45+ M9)E7*BCRZQSTQ""+;I,%\XN2E(!@GA=(S;A347"3EZ1`__S3O^*)KA#@3'1L MT&T6J&G"AP1&A&X___1OK39I=/WS3_\[!,``Y7<*=BU-0.2B:!?H0,EBN"L@ M$,-<@+?"D]-C#@>!N\-7C52X;`0KRP2 MZCVG);Q.\FN%J']V%;R*%AEJXL%KBV%6LX*'@"=I"PT9[8"E@S!X$Z^!4:YQ M"-?!]RK*0$@2;LS\-(ANK[_E47"M",YW<0&J"`[V3G:[!Q9I:"&A(0JE;1S4 M^\KAX+U9H@$[,'0)#4'RT6:H8'6S!F4@B3(6AX"G%'`=@'12\M>G?G3CIC*/ MP5U-EK#TPT5-'"<&\KG%_0>$ZPUD`J$&=TE!Q%3D]>*&4'"=YGD<`$LN52J4 M=!,MK[&7[-D-*(,50FGIKP1RIDU/4+4'SG:#-!L'>"A1=8-)`>(4B'&U`G+& MXR=[/4]4&I=,[8L<(,UH#CAQNLQE0(C(XY%]`[>X"Z%ND!-0#0LN>4:KS!IK]AG]@*TFZKH4JJSQ/ M4=%/ZYALE``-&FC07`:1(9GKL)>`7WLB0>X72M8/V$(F6@'%N8<0`"W5PN@< M36Z(!\/A3S.``"B(K4+4-E'/2/.96+)R(,%6YQ/GRA1L!084G#W40A`A[!(% M)%+C19I?0P.]#:^Y3>@P"(?7W"45"'S&#O%X6C19E"D075X(O0D=(&'"^8JT MD(0=+Z($=8KAX$U=--FB5GM*5V2RJT;C&Z>,$^`%H#X!,Q`V7$0K5>/?PD<; M_%(V>9OL:4+"'%1LD.[Y);PBP16`!F8P!@;+-!'8>8U<3+#A[#T)2^+D98`\ M+U6'K&5#'TVSP^!%A=P1CC:8<0#(74Z4G:.&4G5@;LFDIW4>V,,$8W6YTM;^ M^B""6D$'W5&+'*4HN(U`PP-6$AMGAL/8-(MB`H81DI5X]J[Q_("&)M.`^/N> M<$2X0D@0>1VE`'6F:KTBHM-TCIO,VR645M;7/ZA9Q?;C`N?+"Q(F0`JPDH`H M%\02<@0A`.]DC6%A*%!PF<^9F6&&:%$H11^RH%[!RZ>X[;5:YT(P8J:N1=/G:$'9?`:8',G"[0#KY?.:8F3IHI9*2H[EI* M'087Q(C_6&?*A)'YI$G54-QD6[\X M7&$/9(Q?#]:\>_:+H@_AZ@.K0QD>")^CLH[=GQ;U(KAP/*IB\#Q_>D'FB85? MRP5-#O;HL!WKK"@'D2ZFZCQXJQ91697<><\,%.TPH)#*X2 M\J;4Y)E5JR8I+,A%C#U1Z"=H@&;L*%1]1_H.3Q)%&4$=Y$@3HEX[&!7U(6GQ M"13A2@'3?'!T,AU.@V62IC`[4667/8"BI^TQT#.R6FG]G>C38P>8#5[D$6D2 M\[K`LTEJIE:MHIBE/BPFK6[(\$*!K&VFR'70`@ M+WJH63H2!C.U8`3,M-NLX:U%!1.TIUQB=B6.8!:(TS@N?G$E+)>J`(4Q=1RE MN'NB9P/+@O[XB;XM>L(%CL/+J.\`ZYT9AJ$R>'*[,OPUBH:$G85F%N@-@F,I M1MR\ILB""6N6W9@$3`._$H:`H)[6M#N&D`27W<`#HO=:DR?*752&`1@$C_8= MMT,4:CL_>S=I#>C(4T45X6:B;"=O/OKX2%$222@Y'F6R:BKYKEV2'I%#JK1._FK&F#L5JZ M9-\"^JPM$/`%V5'0,[EFA:O`:!$+#-A95+W`U*P+YGTKH*]DQ@(+#6LQ[*,E M*A`:CS".>]P%/WJ)=\`W`8H5^811A<]J]!$1RXO8(X&!YB16>CPQK]A.-*<8 M"23L>)MYRV#E14YN!QA2A_H1MZQ)@F0RKAP/#;HGESW:O,%6X92CIJU"ZP++ MU*<*-,!@24%CL^2\3F/=2>1D?DW'V3GO9E,:N"_1DR2:@ZXHX9X(5 MWZ<93%G9@(M7LYLL3W/F=.(?YVTAEGB'[+)4ZF-W&,!%J5(ZHSA0+LX^BQ!KQ!;\#T"E/]L`\S7>M&0W?NN2%S9C(,]#CYUG$&&#HGEO\6 M]0`QZ,D^@U/#VANVK[.HCDD+M2@M;=2[:;MQVBIO%AFJ*TP]+#A*B<,6,:DL M)-FL&L#'5%&*AX83)!-,MD*Q--=QDF3I`.'Z`G%CC>*(IFB!OLN<-<_GZ)7% MO.,AX8$6!D#6?1A>#>\'N(E#^-!' ME(?SH3XLAWYIXBX"H@M;9#,!0JT]43@R2VG3,T1)ZC@[&AV:=DH$0B'!8V>W M7_L"Y&!0,T8I8Y_=&:7NH^)A8)-'VIW*Y!/S?^F&T4]`5 M,G-H79M].D8%<*.O\L8RBT@22;(?ZHP(T%(EB+':"JSNP#R8['6LS14QH\B[ M>L$C<.HT=ZTN9@3&U&XUQ+GB+=U`@D M?F3MWI(/#0T+[%:!`8N^V7/QPVNNH0G7-N;,&("/6*PVCY>4K0>C:K/&TH<_ M>P4A=@?-*,*D3_LU\O10J(@4&\F7,>C!O4#)B7NK@U3#P.24];(Q9TZ!F307 MA8&(-`%DQ9J?<".PQ`ND&`D(P6@Y4IJ.NR?9JF9=!9LS[R'=!._72$H6.E%X MJ@;.$7UV]`5:#1SA`?4'<\UDJC6I81GS/QCMQYIT#?A5?$-D2BN3Q4!")L9@ MR*P?^>@.>HF*6S`V$6N<&^R][M3Y-?J'B:ADN;;[%+L[]#,>,TNVFFVL@!Y2 M8$R2/DES79*C&2A)OFS0DCD2.)*D,4KXV)'_5YBY&A7`Q"_SF/0#0OY[D$"S MX&1T?#@!(_X51H!A[P^?L<\XN$`R6@B[PF5<7%U*:UK)P/Z-+'6)D5PKR,CN M*RLZ0"P:5)H*D7%.$&C2',24;##K&8Y`J;ES"=U=OGM$N$O,$;?H0M>EUL]'[M\]X MJRC^:,(=S;5Q/-?@G,2^G&>56D4IPE!?5D8L&;!Q(,XK6,L2M7<2A:0]672P MUNR.PXDK9J2PB92[R,7*4HE;M6&J45A#XPLW`G&!>(#E\@G31"6Y,R)ZR2]7 M)ZS$.6X/%-H<5!13Q%SO87#19%FOV,/@0,Z.4HH&`-M4%!8D?S,-@C11I,3% M,>$Q7Z(]GQ2S>HG9US,3%#8`44`.H+A)KA.)4M:EJT,D,0K0I0*LL]J`/NB9 MUEYX\R00J.,"_?O'\2NA!X,=/UC%@1XV0YQBV`NQZH"W_HTH MGF;ZBXX:Z608'0RGP`BN/:E21<&@%?+.F'17=,F0?@=[*7,0&RW4(N+\!S'0 MX=<0^499@P!SSREB'1,-#/=AOX=$>]EKQ4PD0>WFDXI%TJ$:D62B*Y`#-D7" M:NBXK,59K8+7&Y4Y]EN+RP%47,V!F^B8&XO6D'8;?X0Q,0!,'JT-4(88YV8+ MVF+J1R!1.%6$5VWAKTUX#5T0W]^HK#$.`B84OD)-2S(#=)J/6.*A)0KT%XJ[ MG5'HV6C@"Q+DU#"6RMV(LF,ZM8"2DX--;^36V^44`#D1?I1U$@N(KO-;Y3W$,U`; MT+%!5"!,4%&*0_LVER5'WD8.06M5A=U#<\6>5$7D2%"Z`) MCT/-UYP[2L6BTO<2@&21Z4X(YVB4N1>[%(: MC>,D`G`X47O("_<:2NNDD./;:"'(M]!N``@1Q9)X*\H9'@.3F$!G0GYW\.$8 M)63>H^NP#59).V!%AQ$M(!CQ,BCJLF@H%PFQ4S,V(U_0#2M/U)UL8+V*(R$] MXRXP;@H,*(3!S";;&ZV.CLI-%#.H$8`78"!UB=`9%UV+\O]B[5R&AW9$9^L: MD6KF2)@YI,E'Q>@0<[6EB$B@CRS]X<"HS)HI6XZB5RA$U61B$$ M]]8LM[%H-_D>\@NGHF"(+#7I7?2ECQBI#]%"J5-)F`N@4FEM5)B+#5D@Q*&U M!!R2V&5EFDB]@/,)WFGNAI*QD1$U![QCX<61YN&`;X$\(:J]=&Z!]!LVJ-DM MV*;5=PEL"AC_B<=.WVL1KSBEM59P'DB_HGL_.F/5?DV=D17R(O1L"N1WO@:. MQ0U,W@PR$9]?4R)QMTE)0@:@7&PUKTOG-DPC%:I4/;UT%(6CS:+NN/I-T_5` MC+'GRHW>94(KN3P<5Y>542V]24)#EL^+E\\*U4U3HG^G;/I".%PF%L23-)I] M/+R:W>2X6.LD6.8@BCB*PFM6GL4VJ,)>;?41AEX[K1JW"G&@&;-.A&Y`KM?= MU)D,%FA?,)G;R+V.H+/^8\Q&($E7#AODWS=)EJ[%UYA-4M8\38TX2\N7$\-FG;3&LA';*9$GB MAO7O@&$`HE24/2-P6+E)C4WL4^#.$"3#Y61$0B,*)I#)H;T%8F1L)P./SA.A M'RE9$9(5(SA'OMD=#%UR,Y#$*Z MI-9J<02^_ZG[:W>TK)BS6H.[]OU+&_!V)VO&V08/Y'_-WQUX3(NG"GT=&0_G_-$<\.>?_J6#4,9?IX\[R9,.0$\] M(#3BH6XZ5YS$+:-O[;H=`$=`2BKV25MW5[<+;-2TC?-:5#K@3;,ZM?=,!7#O M35U0(V<1>8-2/?OY,S0B0-)_30Q/H[,:OVMMOJ#%N;'3'S$O7=%9W577XX M2R.\2,X^*"9]N75L3B&NA1=!+K`=U`=*`R!^0\E,=J6B,CNFA#U0I3+Q/(VL MME#HWT]M_5-."C,J3(LQ<)#%CMJ39!T.=D@DCH/3H_-P?')B&('E#$0G=%<4 M%T%V%]D&GS!!H904F0Z!;9?]49'SG@U!1"\VP=:[A-`8NX)R]=[W:[(.]V6#!R`58` MFF0ON+"*FX50Y%F.3D$.&P*_N8`%I@Y9V$BB-WCQ)(=_.#WWXNH)N?&3SBRV M^0>R:B5R\0&:R\U1_IZZO\Z'-/WA:!KB3[IX`3#:%PUI8JH:/+RJKRN*FYQ- MCP^GHX/'P16FV2?6X^/F5F#?IQB">Z&O/),1!Y/#9N2`3>XJ]D.S'X7NFE>E M&4V1KITF7#(Q:[4&0E3Y^AM%'C405\NDMCKJ1:%V$^[7G+@9)"5?DAB;L8HY M]4+[8_3D9D"3MV"R/GT+CK@71E1Q-YE<]7X&QJN@>;L`=FF525@<\# M/R'/^"!U/LTMQB70ST&K(Y<)J6=<(2K%^!5;2T*"0%;1C+U[!!]]33=,S3DI M-5[9^:.SJ7IS%=SL&/S;P(AU*3A_@0(D%B,L[^@BZ$6]`&U7,J_II,,!-H?W MZH,^B$>'Q`HX#:W&?.:J@5+,[,&>9%_IN8PYC2RHK$?VW.9>PPQ$R/LBP(%Q$3Z10]H:L:/B<538] M#1U*MP;%.B3C=)=4>LJ`!,@_9OE=1MYU&[+`[]A':P*%RMK.M+?D@-'&,PD@ M[2:NKY$.R&<5YX`UBPIE41%95,P:J%CD;"(1*B1*,W0OD>L$33>E;AE]5$R- M#IBDYN:8`\X.7/5]%Z%[8S.@^#KQJ!ATM1NTYROO33HQ%P2YK1- MY&)R*9GOT5JGF2ZQ88%PX2E;K&8*VB.05F/8B.QN]( MRSY!NTT^G_A($HG`(('67%";`]-(]:YS&A\P+O)CI3X;-LW,BKD M!%$"GJ%U4OTY*3YR;U59AP]%5CJJKT.946;**`1Q`?APU3;V_6+T+4H-OS=8 MQK/4S+SGS'.ZXM%HY03`!6*/3L]-P-#FESZ=')^'Y MY&3P/98U2#*^%%12:B;GZ2URV)[!.R<>F5^7Z&:?H'1^ M%IZ/<8:3<'HZ#L]'T[XRL\_TG9$+P"]7C].U62]Z2LCNV/&^-8Z.AD%G[*AG M[,'.57*_8.?:3\/A\@H@]/8?-&PV>-NNGL7X`J@C\`(P@H0_2HE6T M<'`HN[?J7PNO8?`22.(QR+Q,KVU[EZU#-]$$*SJ=GH<36MLX')T?A6?3T\&E M:&2<(T'\4F?EVFL#(.O0329Y,*0S46T5X7GDBW,MQNY5#%.6&&GI65\E-7^K M#>?Y&"G**7AL^@S\=9!WH)4&F3@^93OT@^`LG)Y,PZ/IE#Y/3@"5(Z=%<*-2 MUO52O*,"FPO_?T-I'YR5QUX6WO-F)5GK%*-@PLJ["M[`4^`QXS%"`%MY.CG; M4-[9?\X[#38@^@099ZOY;C[$2OA7J]8TN-?ME?4]G3Y+[<[)1@;H\R\-2L_@*JTZ.541H5=/7S M.L]J?9U096J>5"QSCL[AO[-C^GQ\?(K_F=[(!AS`9I93N(D/F!U@6B7B53-? MB&/476(5?8*_B'L+-XJZBQOA#6&"-N?ZO0%$$C2>1\B%WKCI% MW*!U:_]XPO6QT"@(MX#Y7#OV-L@5LL\,V41*$\$CM42G0Y$J"9%B+,6 MFS;DM'E*E^2?4;'XQ>4*DP"KK^@2KB2KH;T&&-`#8IV9ZE4"TOL;DU`#2$(^ MY]Y^<7,F[A!W#X[AL(^G7!Z^5!KX/=-,QZ`?3DZ`K[(P^\,Y?O+C]^P:^>X9E(9NM!^V2]YJ]E)_!7]Y* M,A(FS:W0I-)CZBQ"Y"?C$#;[K&'R]Z M;[7>^RI5@T62SS#6FSCC373$`3$$Z1RWKH1%7>[#Y6W:VS<,FD]-N(/HA"&6 M/"8KQ=8O2DWS$+/WC25*1[*3:@#NN*4IU1(\"4F=`'X M3+>-]#"\6X#Z7=0I.)%*)\$3;0.Z>[0\33$Z683!%:`/J!U)+E7KX$F4?=0I M^)/1Z$AG?6E86L-BS@X&UCD#QO'[HB,J-?X7=P=9\^1QEQ&(KWKIE`G@X#[V MH9E@_`?CD2ZGX^8'53?*YK:UZF^X4VA,)\ ML=JEN8Q^X'MN>*$!#6)]J=,IU2(APM+Q-Y9]6R/EYIB^UZ1NIU2Z9,EQ97/] M='*JQ2D61,U,"I*<]35[LV!!W%PH_2P054"K>T;'<.[O6/2Y^(@`6=`DQK%) M]PD66+&54!IEP7AX/`H>CX>C$4*D+UWJH`-=:!4=E&OUE#9+W4EF8>4ZXH1I M(!%CN6!FU1TE-='5[HK?@J&9'V8Y_D0Y&U%V8`L6/9@`4(:*=*A>]#$=J&^@ M![#9TE40G(YB<_R[W4&8;`>AJDWM`-;T_5"S?(CNX/V2G-T*3S';-LLKR98H>\?SN?`,6PB.Y,==P6$T$QL<3: M@XT,1BLEL$+LC%A&AD:*(MC@=0+47\&.-Y)-VA7?Y`H:58^;#(,W)D7@C"AA$OHQTH+<93D,*J5> MM9)G(PO3=I#T2:SZ\T0MS'^,LAHEFIS%Z=\?ZCNLUM,$N\U$)DPJ1+8V/D_^ M70E<2>E2H_B`P4:4AUJH+KT@*HK)XR>:1BG_U-8X"H,+6*6IGGA54QCMHGE4 MGB1Y20;<]PJT*U39J)S,0QS]YY_^S?QLNNFKV2KH_B:8*FV@K%F2KU'LB^JN M<#UU4NBX$''LE"ZFD@0$I7.Y\.MN:7HL3%W$230+8`0VW]W"RO;`2T&J>?/T MAQL/N=XCRBQ(F0JDD&4P'HU^2\0"3>P>Q77/_E1^I-54X:[21$&J)-*#0R@8 M@.,2M1B2QJI0]'W(6I@B"=$FM+-`>Q`Q`4O[^BCG,=-!Q$(N`(Q/?FM(2X0@ M[`BAWJ[+E._X%4G6K)4&(W)!'O']T=5>657,A3DT M$HD39)R$S(^J8=5XWDLP/OB)$FSL"F6Q&:/4U)2S`X*\G%?:=,`=R:]371S< M;)AXG`S"-JZ08(D6R+,QW8_.?X-H6MN/%^T=8TCS>Z=J!B*#KL/*%4R.*C1M M),F3MGC&83'O@"[RQA^;:30?=YU!8S0Y3G13>8K'%[5)`-QFYQG(U.5$Q^KD+>YPX M*Q?S7"D;%&L8MNQ8=IOK'/^YNQH\3N0V5\[5OIOH5HX#6YPZ<[MT8-9FJ4VE MLW?5>FS>R+*(*WV_O:$N.E5UL:2PF3@S>-:4"C;@!LLMOI-1F MPY/14AK[>P57KW3U54.D6ACR2W$-28C"Q^8X(3%W[.<3$]*B1*8(0_S!\Z3Z MRP(UXSCX;]%R]3N`:$BITOR[O.^"0(CL?)07ED&%7%,U8KYHK_[IU7(M/4IG M$5TBA3YL!^.U4B0,^#=T8=JB M2;:,'G[EP%TS`'8Z;B7Z-Z"Q_*T%1JAEK=PK,!AKU70>#\]/G0LHR#M::$"+ M:WPT#H_.3X4;5ZT?IZ?AY'B*$I_$E*2$8Z*LT-._E@[6>ZP_F&,X-KIQ>YT< M2:%[$D[532QS@CC36,":(.)4:CR`H.65PS"`O*5>D,UR[^PD<>7@`J]=!F\Q M%[3CH-1E8^2JL,W890NL[6>2S#WB-EG%I:P:UR=)3]6LM"D];47K8HD_26E< M]Y(B9Y>9?&NQI#Q,FI*=$)OZ^HJ&AR\Y/Y2@Y83E$FKE\C-B`;D1_DLL2-+- M(F+\)<#$D4A7K+99+5&:*;!*)7UH5GHE9B9APLEHU#,[SZ@^K4UFG:(G;$Q:ONU&5;09K\ZJ MS052*K('-KFYGNW9E[:^]`S%N"FIU+A?P'HD(\M>K.P\+.<8^<,4-4L[:&UUX[EKK\U M*DUE)J9W+N4Q\,-8R=.N#MHI9XBLBNO.Q0+E1Q0^]U9XO/!H'SR,0V MF"6`U4G.P;5R:MW$5@&U_'AB*^R;)Q-M%,:]X^WCY1-7"-+C<:5-Q&]=6X[T M=5TC1NWM='NQV2W*Y12LB/1M_D[RENYJ#]Y8$S#L1NP&L*4GY\$A;.WX9'@T&CP8?,MD MB+^$OD^'X&+[7,\2#0_K?<\8LM^0QSD'6XQ"-.9LA7VA[>M28K\]32ZDG M7,%JX^5!S[9Y2W#\TOODU"NX8J#P;8VRNS6$T.`I:ELV/DT[A!VV;I#=D,%W MQ"[@@X/[C[@_VC M=);,+T[@T*$MGD\W>:2>CI=&;2E0*GS@U(#';SZZA"!1=`1!HV7: M0$OKM1$7#F=V`A[=<'T3XZ+Z)WY_L[6R1S>]HG,<>O)B?,P(-5ZB<7NYUT_F M9*2ZA>"Q81_CI6P;YYX)WS^50[2U%&_8RUNI3JI)*V5HDT*>T:Q:=47E\//J MR#N]HFN)$6>R./LC1HV?EPX'_E4&'TIR:Z&"/?@34_Q;F;8N-0'.RVVE9BWRZ*%<%Q]A9A"1T5I%Y]W]8U$%\E`!@RF[UK7 ME6+OMXZ!FU=]'HS#T?@\/#X=T^E\)UKFFYI:V;3A*A>5/L!?T>NH[@ M;JX2?&9-V2B**2_8?C%"IFB\=>5\7YH23J8RN/JDM'BF4)'X$05C,S?CGX*8 MS94UBC,RN=F2-E*GE:-UCL*C'VG@%#BDU4ZQ0EO\J;U[D9N$S\746N5,#XT* MP/>@T6=OW0T\3;,&*:C`+'3D6AM6B-%>X,9C-V_L\S]$DM;C90`V*7Z&8AIE MW\E1Z81JG.L&A=*U\CPYO%S)OVJH2(YJ]1B$:'";8\J!KOX\/IT,QY/?!K\# MB4F%C0_GJ-0;AF$"[L/1&%LA'-,##(F`YL*7:\F+;2H/C8='1\'V=;N'PR[7 MS:+Z%==\08O.PJT.ZAHKGC+MT;I MZ*F<]6,";YE+UHE^;`VK%W+=:[=*+MFE!1;L@UTX<$Z4'_)RJW(>N6X=Y[2U ML.'!@#!AAX>[G/L^[A^_+D)ZR'95R[U3]T3J&T65G?)%N/'T*!R?G0ZN5%7)RP'B@'MG*YRXP]/K?\[`)V'S?$H+WHU12(?I[+>36T]"8")0R5>B M9MH[(>_NH7LA+SX"(>$-+JX>(,4C'.[@5L]NT`M!:0IZ4U2W9-+0,01']J^= MQ";BCUNJF]-=&7.=G;'F5G:M"DSA`.H(^%7J0BJ?(QQ]4TI_%7=K#O,[D#/7 MCTT5%3CP9YY=LZG1HKQYJF\W;A4Z5>.'[=NP:Z>,L*OYR47][CW6\$ON=QF2 MHX'1J];@AC0:UT'3_`LC!-S6K6I+)2IE0_1"!F]UFA;BQC.5<$;O).USPK%4 M'HYNTU&-I050A>?VW<;&][UVA_<]W0&C]H#-2N85Y;I0P==_GP6+%2WEQ($]->NM*KLN0.*4[+!DY*2EQ M@\J.FD=0VV]MV@+^O!F:F=)53/)8Z??Y\":Q?;^8;#!]>Z8=RNZ^@&E"@\]N M?6&.3H--?/,(G\)LM1_8S/)C-TC\.BKCZ$=)+F"75?#RY27YQ5]?7#V]^!-Y MU0$S;(+4#K+UQH*YB]<)E;SW:$HP<7_0+3AV^:X&I>GX^'CT\/K@X>0@%#.! MIOQ.ZT?8&,-4MHHK0O+JNY=4PIG&"'T56ZUE9V\OZ2M%V)LK('0OFDQ'Q"-@ M.A*61MK'T;JT3YE@2UVBF_R+H.%@0J3G"B2O\FP\>C@[>#@]>'AYT#09=6C8 MO"`T/ANA,:A0=M&TY/'F5.3GZKJ@Q'IS(8?R%A>IY4B!$T]!1^- MW*47*B8=RQ]_I!>JR!_EXC`O^/TJ?D]38QOMBTU(I52L-:>_75.UIU7J]]Z+7S:HZ@JY*:S"6:N9VDI[?5 M2;3"9V.(\BF)1!Z*6JI6.8"(LF84/ZNX?U=T_JOMYC^IVE"+O([L[,:+]\[S[YWGW MB3"__O.\G2.K2^QG[?^]V_][M_[W?_WN_^O=_] M>[_[]W[W[_WNW_O=O_?[C_#>;S?JT_/^[TZ6TO[QX/WCP?O'@_>/!_MW8/]X M\.;'@SN\V/>8\-O.8\)?/7M[]54[8N;GS_O7B?>O$SL(W;].O'^=.-N_3ISM M7R?^C_`ZL2=PL^-KQ3M&/]V\=_!]7%"0;^;N&]7M9O_HCU'OA)_/?MIZ_R"T MVO(@](Y/,N^V2[N\^?P/]^ZR[VGA7="UPZO%^]>"O^RUX*T/L>ZR3]M>=]T_ MN>I[/G47S+8&/_U=_"77#DR=@V\FS%KU;8F]LHNG")95I6Z7@OAL< M>3ZOLB(;;AT/W># MLE_;NETV6KE!D_Q'+\QUGWI/]U'.=?_[*B3_:4KW/*7"IBOC!]*%,AX^Y1N6 M'2S!RH=FY1^NG@8/'QR`D%AV!YX-#3ZD7==/PM=L.+6QXZ*R7DO,(N-<$9/, M+!=ES$-AP5^#34)XJY_L-:(1)SNP:TR< MO&'T9WIN_06FR7=*Z'!V7C?Y-NQ-4FV/<,018J]JN%L*3(>);,X_\15ZZLEY MV9;O/2U,OCS*SKG_MW:);/F2SRYN[ALF\3;<^QZ M7*Z;F\7]?N%>GRN`T.-SW3;$AMF>],&[P7/=<,CV>%YW0EW#W=JATJ:7U5-- MPG&Z>BC.ZX/M..';+MDO<+U^EH]U)SRU':N]GIB63[7;CKT?O?U;'E<_MK;Z M4CLNCGM[8^\]<=,YNZL;=KN_=YN_R$!N+.@]%'V6[J,O M]9UI,ZB?*%Q,RKT%+R:]'NDMKN>#_A5'[?_<&UTG/O' MWN!'[^P\YN,0;OCV"K[`K3C8`EN#.;>@=?NVN-4Q5J`(8JU(IY9]"2`;>/C9J@AQ:S/>V-$-=B_Y2WDXNS/H MINUN/K9MW^!=1I^H0.9U7A1\06H6P5'Q>*!;0T@(8TTI.^VVKS!Y!V->O_D- MOBW0^5FJ#]UY8_03 M-_T&:6]7?4JW[ZE>0.]),<6"B5%_WD':%#_#?OT':EM/>XX,@]Q\HOX895;/ MZ/#U>C$,1F?LZ>VHHOFM.=OC+BO">Q0F#K#Q)')\4?9&=5PT%[:@F5``I\Q) M-Q`JW<] M[$`J/C9>!.G,?>*;>C<"W"W`O).\]45G.R),EU*4K>X[7#8X[!/.GEAQQZ0Q MU\"=H$#?;+N?I;\&NZ[@/F/>"U@G6%U^;8+5/B[AM3CT&^)^QQ(U&WX M_XT?EN\^%M_/GIW:'1YUP#AMG.?>J_]PJ^E6"'&C-/T$T@J:.!+A_J3L%PM? MDJRT:V0/('W%J>S/,)7=&^SQ!/Y"G:)S8<\9TS>#)K#BHF$C6YE.G"&U29?T MIU:%P>;4GEU'D?R?79N;+*I=.YADHL]:5B/ MC-YCC%XD?RZ*-N*])ZDO!+7[3F'QP672479;>7J]A[]W[`^KU8:Q;:9?[\C- M++]-S=P$OR_C4INS_YILZ:1SC:;E9MH8F-[(UTAJ]I^_GES#S^/]GL/LSM_NA?>-FY);S9J MCQNJQP#L&29T4E%1`7N=9^:]@9#:2[UW6[U_DXQO)SQN>2&[W;V9R_JBD\OZ M?'LN:S^CVS5KU=7Z3';ABVYZ9>],THG?KK7E`SQF>]#K9?K.OLKJ=3#QT[P= MJ>-_L+;3&Q^O[6Q=]P';7P6%[NN^?1@D_V4O;N2-WIT/RB^8GWW/HQ;JZ'K4 M-SV-5)X=[8SDGLWA641M)W7YC9 MF]*]*7=[)Z9SWX3MCFMGM]SMSJ+<5.[M,/5E=G>M$EN?HS$_5L`2%0M#&AW1 M0#G#]MM'95E]\_\!4$L!`A0#%`````@`A)8'1S!"_Z[D`0``DAX``!,````` M`````````(`!`````%M#;VYT96YT7U1Y<&5S72YX;6Q02P$"%`,4````"`"$ ME@='2'4%[L4````K`@``"P``````````````@`$5`@``7W)E;',O+G)E;'-0 M2P$"%`,4````"`"$E@='8:3EUM&PO7W)E;',O=V]R:V)O;VLN>&UL+G)E;'-02P$"%`,4````"`"$E@='-QR2 M=#4#``"C#```$```````````````@`$2!0``9&]C4')O<',O87!P+GAM;%!+ M`0(4`Q0````(`(26!T=+OE_]/P$``&D#```1``````````````"``74(``!D M;V-097)PC$`8``)PG```3 M``````````````"``>,)``!X;"]T:&5M92]T:&5M93$N>&UL4$L!`A0#%``` M``@`A)8'1UD034%=`@``0@P```T``````````````(`!)!```'AL+W-T>6QE M&PO=V]R:V)O;VLN>&UL4$L!`A0#%`````@`A)8'1^^:<@9/`@`` M]`<``!@``````````````(`!0!<``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`A)8'1]\E`1D9!0``CA<``!@````````````` M`(`!4"```'AL+W=O<`SP>$@0``,$1```8``````````````"``9\E``!X;"]W;W)K&PO=V]R:W-H965T&UL4$L!`A0#%``` M``@`A)8'1Q,36Q2@`0``L0,``!@``````````````(`!OBL``'AL+W=O&PO M=V]R:W-H965T&UL4$L!`A0#%`````@`A)8'1S>V5D*A`0`` ML0,``!D``````````````(`!13$``'AL+W=O&PO=V]R:W-H M965T&UL4$L! M`A0#%`````@`A)8'1_W:EW"A`0``L0,``!D``````````````(`!53P``'AL M+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`A)8' M1P"#$=NA`0``L0,``!D``````````````(`!W$$``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`A)8'1\"LD,ZD`0``L0,` M`!D``````````````(`!K$<``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%`````@`A)8'1T4^F2>C`0``L0,``!D````````````` M`(`!/4T``'AL+W=O&PO=V]R:W-H965TGC`C)I`$``+$#```9``````````````"``9E6 M``!X;"]W;W)K&UL4$L!`A0#%`````@`A)8'1S\^ MQM^^`0``)00``!D``````````````(`!=%@``'AL+W=O&PO=V]R:W-H965T&UL4$L!`A0#%``` M``@`A)8'1[V!06<:`@``]@8``!D``````````````(`!W6X``'AL+W=O&PO=V]R:W-H965T2Y0L*3P(``-()```9``````````````"``6%S``!X M;"]W;W)K&UL4$L!`A0#%`````@`A)8'1\J33C@M M`P``7@X``!D``````````````(`!YW4``'AL+W=O&PO XML 16 R46.htm IDEA: XBRL DOCUMENT v3.2.0.727

Fair Value Measurements (Narrative) (Details) - USD ($)
6 Months Ended

Jun. 30, 2015

Dec. 31, 2014

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Cash equivalents invested in money market funds $ 1,019,571 $ 5,361,053

Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Cash equivalents invested in money market funds $ 1,019,571 $ 5,361,053

Significant Unobservable Inputs (Level 3) [Member] | Warrants Issued May 10, 2012 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Warrant expiration date May 01, 2018

Volatility rate 172.12%

Risk-free interest rate 1.01%

Closing stock price $ 1.44

Significant Unobservable Inputs (Level 3) [Member] | Warrants Issued August 2013 [Member]

Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]

Warrant expiration date Nov. 01, 2018

Volatility rate 165.18%

Risk-free interest rate 1.01%

Closing stock price $ 1.44

X

- Definition
Fair Value Assumptions Closing Stock Price
+ References
No definition available.
+ Details

Name: stxs_FairValueAssumptionsClosingStockPrice

Namespace Prefix: stxs_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Warrant expiration date
+ References
No definition available.
+ Details

Name: stxs_WarrantExpirationDate

Namespace Prefix: stxs_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

+ Details

Name: us-gaap_CashAndCashEquivalentsFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Measure of dispersion, in percentage terms (for instance, the standard deviation or variance), for a given stock price.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

+ Details

Name: us-gaap_FairValueAssumptionsExpectedVolatilityRate

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk-free interest rate assumption used in valuing an instrument.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (e)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

+ Details

Name: us-gaap_FairValueAssumptionsRiskFreeInterestRate

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=stxs_WarrantsIssuedMay102012Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=stxs_WarrantsIssuedAugustTenthTwoThousandThirteenMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 17 R33.htm IDEA: XBRL DOCUMENT v3.2.0.727

Summary of Significant Accounting Policies (Computation Of Basic And Diluted EPS) (Details) - USD ($)
3 Months Ended 6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Summary Of Significant Accounting Policies [Abstract]

Numerator for basic EPS $ (1,538,687) $ (1,941,479) $ (4,674,268) $ (6,081,326)

Numerator for diluted EPS $ (1,538,687) $ (1,941,479) $ (4,674,268) $ (6,081,326)

Denominator for basic EPS - weighted average shares 21,007,103 19,631,469 20,871,244 19,483,603

Denominator for diluted EPS 21,007,103 19,631,469 20,871,244 19,483,603

Basic EPS $ (0.07) $ (0.10) $ (0.22) $ (0.31)

Diluted EPS $ (0.07) $ (0.10) $ (0.22) $ (0.31)

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.21)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 55

-Paragraph 52

-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.23)

-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 18

-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 20

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 21

-Article 9

+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.21)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 18

-Article 7

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 20

-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 21

-Article 9

+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=51831255

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=51831270

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The earnings that is allocated to common stock and participating securities to the extent that each security may share in earnings as if all of the earnings for the period had been distributed. Includes the adjustments resulting from the assumption that dilutive securities were converted, options or warrants were exercised, or that other shares were issued upon the satisfaction of certain conditions.
+ References
No definition available.
+ Details

Name: us-gaap_UndistributedEarningsDiluted

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1505-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Weighted-Average Number of Common Shares Outstanding

-URI http://asc.fasb.org/extlink&oid=6528421

+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 18 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; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..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 19 R25.htm IDEA: XBRL DOCUMENT v3.2.0.727

Accrued Liabilities (Tables)
6 Months Ended

Jun. 30, 2015

Accrued Liabilities [Abstract]

Schedule Of Accrued Liabilities

June 30,

December 31,

2015

2014

Accrued salaries, bonus, and benefits

$ 2,492,485

$ 2,557,557

Accrued rent

1,393,916

1,407,740

Accrued licenses and maintenance fees

661,102

661,766

Accrued interest

491,461

493,616

Accrued warranties

330,886

364,548

Accrued taxes

429,592

332,364

Other

208,895

102,479

Total accrued liabilities

6,008,337

5,920,070

Less: Long term accrued liabilities

(5,570)

(414,928)

Total current accrued liabilities

$ 6,002,767

$ 5,505,142

X

- References
No definition available.
+ Details

Name: us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the components of accrued liabilities.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfAccruedLiabilitiesTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 20 R42.htm IDEA: XBRL DOCUMENT v3.2.0.727

Long-Term Debt And Credit Facilities (Schedule Of Long-Term Debt Outstanding) (Details) - USD ($)

Jun. 30, 2015

Dec. 31, 2014

Debt Instrument [Line Items]

Total long term debt $ 18,308,436 $ 18,388,764

Carrying Amount [Member]

Debt Instrument [Line Items]

Total debt $ 18,308,436 $ 18,388,764

Less current maturities

Total long term debt $ 18,308,436 $ 18,388,764

Estimated Fair Value [Member]

Debt Instrument [Line Items]

Total debt $ 18,308,436 $ 18,388,764

Less current maturities

Total long term debt $ 18,308,436 $ 18,388,764

Healthcare Royalty Partners Debt [Member] | Carrying Amount [Member]

Debt Instrument [Line Items]

Total debt 18,308,436 18,388,764

Healthcare Royalty Partners Debt [Member] | Estimated Fair Value [Member]

Debt Instrument [Line Items]

Total debt $ 18,308,436 $ 18,388,764

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, including current and noncurrent amounts. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.16)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.16)

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 20, 22

-Article 5

+ Details

Name: us-gaap_LongTermDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of long-term debt, after unamortized discount or premium, scheduled to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19,20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_LongTermDebtCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_LongTermDebtNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_FairValueByMeasurementBasisAxis=us-gaap_CarryingReportedAmountFairValueDisclosureMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByMeasurementBasisAxis=us-gaap_EstimateOfFairValueFairValueDisclosureMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_DebtInstrumentAxis=stxs_CowenDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 21 R37.htm IDEA: XBRL DOCUMENT v3.2.0.727

Intangible Assets (Details)

Jun. 30, 2015

USD ($)

Intangible Assets [Abstract]

Total intangible assets $ 3,665,000

Accumulated amortization $ 2,435,264

X

- Definition
Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (a)(1)

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

+ Details

Name: us-gaap_FiniteLivedIntangibleAssetsAccumulatedAmortization

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (a)(1)

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

+ Details

Name: us-gaap_FiniteLivedIntangibleAssetsGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 22 R47.htm IDEA: XBRL DOCUMENT v3.2.0.727

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis By Level) (Details) - USD ($)

Jun. 30, 2015

Dec. 31, 2014

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash equivalents $ 1,019,571 $ 5,361,053

Total assets at fair value 1,019,571 5,361,053

Warrants issued 2,027,395 2,134,187

Total liabilities at fair value 2,027,395 2,134,187

Warrants Issued May 10, 2012 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Warrants issued 686,275 728,712

Warrants Issued August 2013 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Warrants issued 1,341,120 1,405,475

Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash equivalents 1,019,571 5,361,053

Total assets at fair value $ 1,019,571 $ 5,361,053

Significant Other Observable Inputs (Level 2) [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash equivalents

Total assets at fair value

Total liabilities at fair value

Significant Other Observable Inputs (Level 2) [Member] | Warrants Issued May 10, 2012 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Warrants issued

Significant Other Observable Inputs (Level 2) [Member] | Warrants Issued August 2013 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Warrants issued

Significant Unobservable Inputs (Level 3) [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Total liabilities at fair value $ 2,027,395 $ 2,134,187

Significant Unobservable Inputs (Level 3) [Member] | Warrants Issued May 10, 2012 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Warrants issued 686,275 728,712

Significant Unobservable Inputs (Level 3) [Member] | Warrants Issued August 2013 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Warrants issued $ 1,341,120 $ 1,405,475

X

- Definition
Fair value portion of probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

+ Details

Name: us-gaap_AssetsFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Fair value portion of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

+ Details

Name: us-gaap_CashAndCashEquivalentsFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Fair value of financial and nonfinancial obligations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

+ Details

Name: us-gaap_LiabilitiesFairValueDisclosure

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name: us-gaap_WarrantsAndRightsOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=stxs_WarrantsIssuedMay102012Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByLiabilityClassAxis=stxs_WarrantsIssuedAugustTenthTwoThousandThirteenMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel1Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel2Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_FairValueByFairValueHierarchyLevelAxis=us-gaap_FairValueInputsLevel3Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 23 R9.htm IDEA: XBRL DOCUMENT v3.2.0.727

Prepaid Expenses And Other Current Assets
6 Months Ended

Jun. 30, 2015

Prepaid Expenses And Other Current Assets [Abstract]

Prepaid Expenses And Other Current Assets

4. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

June 30, 2015

December 31, 2014

Prepaid expenses

$ 362,592

$ 679,740

Deferred financing costs

486,642

492,385

Deposits

143,597

311,562

Deferred cost of revenue

67,770

-

Total prepaid expenses and other assets

1,060,601

1,483,687

Less: Noncurrent prepaid expenses and other assets

(321,309)

(388,850)

Total prepaid expenses and other current assets

$ 739,292

$ 1,094,837

Certain prior year amounts have been reclassified to conform to the 2015 presentation.

X

- Definition
Tabular disclosure of the amounts paid in advance for capitalized costs that will be expensed with the passage of time or the occurrence of a triggering event, and will be charged against earnings within one year or the normal operating cycle, if longer; the aggregate carrying amount of current assets, not separately presented elsewhere in the balance sheet; and other deferred costs.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.17)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssetsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 24 R43.htm IDEA: XBRL DOCUMENT v3.2.0.727

Stockholders' Equity (Narrative) (Details)
1 Months Ended 3 Months Ended 6 Months Ended

Jun. 10, 2014

shares

Jun. 05, 2013

shares

May. 31, 2014

USD ($)

Jun. 30, 2015

USD ($)

$ / shares

shares

Jun. 30, 2015

USD ($)

$ / shares

item

shares

Dec. 31, 2014

shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Votes per share | item 1

Dividends declared $ 0 $ 0

Dividends paid $ 0

Aggregate gross sales price $ 18,000,000

Commission percentage of gross proceeds 3.00%

Aggregate shares of common stock sold | shares 71,754

Average price per share | $ / shares $ 1.97 $ 1.97

Gross proceeds from common stock sold $ 141,497

Net proceeds from common stock sold 137,253

Remaining common stock available $ 14,100,000 $ 14,100,000

2012 Stock Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Increase in number of shares authorized for issuance under the Plan | shares 1,000,000 1,000,000

Remaining shares of Company's common stock to provide for current and future grants under its various equity plans | shares 699,995 699,995

Total compensation cost related to options, stock appreciation rights and non-vested stock granted to employees not yet recognized $ 2,300,000 $ 2,300,000

Estimated forfeitures $ 1,200,000

Amortization period of total compensation cost related to options, stock appreciation rights and non-vested stock granted to employees not yet recognized 4 years

Restricted Stock Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted shares outstanding | shares 805,754 805,754 697,751

Restricted Stock [Member] | 2012 Stock Incentive Plan [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Restricted shares outstanding | shares 0 0

X

- Definition
Aggregate Authorized Offering Price
+ References
No definition available.
+ Details

Name: stxs_AggregateAuthorizedOfferingPrice

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Private Placement Commission Percentage
+ References
No definition available.
+ Details

Name: stxs_PrivatePlacementCommissionPercentage

Namespace Prefix: stxs_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Proceeds From Issuance Of Private Placement, Gross
+ References
No definition available.
+ Details

Name: stxs_ProceedsFromIssuanceOfPrivatePlacementGross

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Remaining Authorized Private Placement Value
+ References
No definition available.
+ Details

Name: stxs_RemainingAuthorizedPrivatePlacementValue

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Votes per share
+ References
No definition available.
+ Details

Name: stxs_VotesPerShare

Namespace Prefix: stxs_

Data Type: xbrli:positiveIntegerItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15(5))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15(5))

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 15

-Subparagraph a

-Article 7

+ Details

Name: us-gaap_DividendsPayableCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Unrecognized cost of unvested share-based compensation awards.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (i)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Weighted average period over which unrecognized compensation is expected to be recognized for equity-based compensation plans, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (i)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3291-108585

+ Details

Name: us-gaap_PaymentsOfDividends

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 14

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585

+ Details

Name: us-gaap_ProceedsFromIssuanceOfPrivatePlacement

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(i)-(ii)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of additional shares authorized for issuance under an established share-based compensation plan.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The difference between the maximum number of shares (or other type of equity) authorized for issuance under the plan (including the effects of amendments and adjustments), and the sum of: 1) the number of shares (or other type of equity) already issued upon exercise of options or other equity-based awards under the plan; and 2) shares (or other type of equity) reserved for issuance on granting of outstanding awards, net of cancellations and forfeitures, if applicable.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Price of a single share of a number of saleable stocks of a company.
+ References
No definition available.
+ Details

Name: us-gaap_SharePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Value of forfeitures of stock or other type of equity granted of any equity-based compensation plan other than an employee stock ownership plan (ESOP).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph c(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_StockGrantedDuringPeriodValueSharebasedCompensationForfeited

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Number of new stock issued during the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30

-Article 5

+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesNewIssues

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_PlanNameAxis=stxs_StockIncentivePlan2012Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 25 R29.htm IDEA: XBRL DOCUMENT v3.2.0.727

Fair Value Measurements (Tables)
6 Months Ended

Jun. 30, 2015

Fair Value Measurements [Abstract]

Assets And Liabilities Measured At Fair Value On A Recurring Basis By Level

Fair Value Measurement Using

Total

Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

Assets at June 30, 2015:

 Cash equivalents

$

1,019,571

1,019,571

—

—

Total assets at fair value

$

1,019,571

1,019,571

—

—

Liabilities at June 30, 2015:

 Warrants issued May 10, 2012

686,275

—

—

686,275

 Warrants issued August 2013

1,341,120

1,341,120

Total liabilities at fair value:

$

2,027,395

—

—

2,027,395

Assets at December 31, 2014:

 Cash equivalents

$

5,361,053

5,361,053

—

—

Total assets at fair value

$

5,361,053

5,361,053

—

—

Liabilities at December 31, 2014:

 Warrants issued May 10, 2012

$

728,712

—

—

728,712

 Warrants issued August 2013

1,405,475

—

—

1,405,475

Total liabilities at fair value:

$

2,134,187

—

—

2,134,187

Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Liabilities

Warrants issued May 2012

Warrants issued August 2013

Total Liabilities

Balance at beginning of period

$ 728,712

$ 1,405,475

$ 2,134,187

 Settlements

-

-

-

 Revaluation

(42,437)

(64,355)

(106,792)

Balance at end of period

$ 686,275

$ 1,341,120

$ 2,027,395

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258

+ Details

Name: us-gaap_FairValueMeasurementInputsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of financial instrument classified as a derivative asset (liability) after deduction of derivative liability (asset) using recurring unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 3

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19279-110258

+ Details

Name: us-gaap_FairValueNetDerivativeAssetLiabilityMeasuredOnRecurringBasisUnobservableInputReconciliationTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 26 R28.htm IDEA: XBRL DOCUMENT v3.2.0.727

Stockholder's Equity (Tables)
6 Months Ended

Jun. 30, 2015

Stockholders' Equity [Abstract]

Summary Of The Option And Stock Appreciation Rights Activity

Number of Options/SARs

Range of Exercise Price

Weighted Average Exercise Price per Share

Outstanding, December 31, 2014

487,146

$1.69 - $116.40

$
17.21

Granted

330,850

$1.88 - $2.15

$
2.11

Exercised

-

-

-

Forfeited

(68,830)

$1.69 - $91.90

$
23.58

Outstanding, June 30, 2015

749,166

$1.74 - $116.40

$
9.96

Summary Of The Restricted Stock Unit Activity

Number of Restricted Shares Units

Weighted Average Grant Date Fair Value per Unit

Outstanding, December 31, 2014

697,751

$
3.14

Granted

370,700

$
2.07

Vested

(197,800)

$
3.36

Forfeited

(64,897)

$
2.82

Outstanding, June 30, 2015

805,754

$
2.62

X

- Definition
Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock options and stock appreciation rights that were outstanding at the beginning and end of the year, exercisable at the end of the year, and the number of stock options and stock appreciation rights that were granted, exercised or converted, forfeited, and expired during the year.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ScheduleOfShareBasedCompensationStockOptionsAndStockAppreciationRightsAwardActivityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityNoteAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 27 R44.htm IDEA: XBRL DOCUMENT v3.2.0.727

Stockholders' Equity (Summary Of The Option And Stock Appreciation Rights Activity) (Details) - $ / shares
6 Months Ended 12 Months Ended

Jun. 30, 2015

Dec. 31, 2014

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]

Number of Options/SARs, Outstanding, December 31, 2014 487,146

Number of Options/SARs, Granted 330,850

Number of Options/SARs, Exercised

Number of Options/SARs, Forfeited (68,830)

Number of Options/SARs, Outstanding, June 30, 2015 749,166 487,146

Weighted Average Exercise Price per Share, Outstanding, December 31, 2014 $ 17.21

Weighted Average Exercise Price per Share, Granted $ 2.11

Weighted Average Exercise Price per Share, Exercised

Weighted Average Exercise Price per Share, Forfeited $ 23.58

Weighted Average Exercise Price per Share, Outstanding, June 30, 2015 $ 9.96 $ 17.21

Range of Exercise Price, Lower limit

$1.69 - $116.40 [Member]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]

Range of Exercise Price, Lower limit 1.69

Range of Exercise Price, Upper limit $ 116.40

$1.88 - $2.15 [Member]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]

Range of Exercise Price, Lower limit $ 1.88

Range of Exercise Price, Upper limit 2.15

$1.69 - $91.90 [Member]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]

Range of Exercise Price, Lower limit 1.69

Range of Exercise Price, Upper limit 91.90

$1.74 - $116.40 [Member]

Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]

Range of Exercise Price, Lower limit 1.74

Range of Exercise Price, Upper limit $ 116.40

X

- Definition
The number of shares under options that were cancelled during the reporting period as a result of occurrence of a terminating event specified in contractual agreements pertaining to the stock option plan.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)(iv)(3)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Gross number of share options (or share units) granted during the period.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of options outstanding, including both vested and non-vested options.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)(i)-(ii)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)(i)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average price at which option holders acquired shares when converting their stock options into shares.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average price at which grantees could have acquired the underlying shares with respect to stock options that were terminated.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average per share amount at which grantees can acquire shares of common stock by exercise of options.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The floor of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (g)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeLowerRangeLimit

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The ceiling of a customized range of exercise prices for purposes of disclosing shares potentially issuable under outstanding stock option awards on all stock option plans and other required information pertaining to awards in the customized range.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (g)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeUpperRangeLimit

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of share options (or share units) exercised during the current period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)(iv)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28,29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30

-Article 5

+ Details

Name: us-gaap_StockIssuedDuringPeriodSharesStockOptionsExercised

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=stxs_RangeOneMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=stxs_RangeTwoMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=stxs_RangeThreeMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeAxis=stxs_RangeFourMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 28 R30.htm IDEA: XBRL DOCUMENT v3.2.0.727

Product Warranty Provisions (Tables)
6 Months Ended

Jun. 30, 2015

Product Warranty Provisions [Abstract]

Schedule Of Accrued Warranty

June 30, 2015

December 31, 2014

Warranty accrual, beginning of the fiscal period

$

364,548

$

501,212

Accrual adjustment for product warranty

29,774

84,402

Payments made

(63,436)

(221,066)

Warranty accrual, end of the fiscal period

$

330,886

$

364,548

X

- References
No definition available.
+ Details

Name: us-gaap_ProductWarrantiesDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the changes in the guarantor's aggregate product warranty liability, including the beginning balance of the aggregate product warranty liability, the aggregate reductions in that liability for payments made (in cash or in kind) under the warranty, the aggregate changes in the liability for accruals related to product warranties issued during the reporting period, the aggregate changes in the liability for accruals related to preexisting warranties (including adjustments related to changes in estimates), and the ending balance of the aggregate product warranty liability.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

+ Details

Name: us-gaap_ScheduleOfProductWarrantyLiabilityTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 29 R31.htm IDEA: XBRL DOCUMENT v3.2.0.727

Description Of Business (Details)

Jun. 30, 2015

USD ($)

item

Dec. 31, 2014

USD ($)

Description Of Business [Abstract]

Installed base 123

Cumulative net losses incurred since inception | $ $ (463,280,171) $ (458,605,903)

X

- Definition
The total number Niobe ES systems installed
+ References
No definition available.
+ Details

Name: stxs_SystemUpgradesNumber

Namespace Prefix: stxs_

Data Type: xbrli:decimalItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.31(a)(3))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 30 R8.htm IDEA: XBRL DOCUMENT v3.2.0.727

Inventories
6 Months Ended

Jun. 30, 2015

Inventories [Abstract]

Inventories

 3. Inventories

Inventories consist of the following:

June 30, 2015

December 31, 2014

Raw materials

$ 2,387,027

$ 2,746,926

Work in process

249,022

374,236

Finished goods

2,896,623

3,310,375

Reserve for obsolescence

(33,755)

(59,634)

Total inventories

$ 5,498,917

$ 6,371,903

X

- Definition
The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.6)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 6

-Subparagraph a, b, c

-Article 5

+ Details

Name: us-gaap_InventoryDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryNetAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 31 R32.htm IDEA: XBRL DOCUMENT v3.2.0.727

Summary Of Significant Accounting Policies (Narrative) (Details) - $ / shares
6 Months Ended

Jun. 30, 2015

Dec. 31, 2014

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share based compensation, requisite service period 4 years

Stock options and stock appreciation rights 749,166 487,146

Weighted average exercise price $ 9.96 $ 17.21

Common stock issuable upon exercise of outstanding warrants 2,131,476

Weighted average exercise price of warrants $ 4.99

Unearned restricted shares outstanding 0

Restricted Stock Units [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Shares of unvested restricted share units 805,754 697,751

X

- Definition
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average, outstanding
+ References
No definition available.
+ Details

Name: stxs_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageOutstanding

Namespace Prefix: stxs_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted Average Exercise Price of Warrants or Rights
+ References
No definition available.
+ Details

Name: stxs_WeightedAverageExercisePriceOfWarrantsOrRights

Namespace Prefix: stxs_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
Number of warrants or rights outstanding.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name: us-gaap_ClassOfWarrantOrRightOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Estimated period over which an employee is required to provide service in exchange for the equity-based payment award, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (a)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardRequisiteServicePeriod1

Namespace Prefix: us-gaap_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(i)-(ii)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of options outstanding, including both vested and non-vested options.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)(i)-(ii)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Weighted average price at which grantees can acquire the shares reserved for issuance under the stock option plan.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)(i)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 32 R40.htm IDEA: XBRL DOCUMENT v3.2.0.727

Long-Term Debt And Credit Facilities (Revolving Line Of Credit) (Narrative) (Details) - Jun. 30, 2015 - Revolving Credit Facility [Member]
$ in Millions

USD ($)

Line of Credit Facility [Line Items]

Line of credit facility, maximum borrowing capacity $ 10.0

Line of credit maturity date Mar. 31, 2018

Minimum tangible net worth requirement, period one $ (21.5)

Minimum tangible net worth requirement, period two (22.5)

Minimum tangible net worth requirement, period three (23.5)

Minimum tangible net worth requirement, period four (24.5)

Line of credit facility, amount outstanding 0.0

Line of credit facility, current borrowing capacity $ 6.0

Minimum [Member]

Line of Credit Facility [Line Items]

Liquidity ratio 1.50

X

- Definition
The lowest amount of net worth (total assets minus total liabilities) required by bank for period four.
+ References
No definition available.
+ Details

Name: stxs_MinimumNetWorthRequiredForCompliancePeriodFour

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The lowest amount of net worth (total assets minus total liabilities) required by bank for period one.
+ References
No definition available.
+ Details

Name: stxs_MinimumNetWorthRequiredForCompliancePeriodOne

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The lowest amount of net worth (total assets minus total liabilities) required by bank for period three.
+ References
No definition available.
+ Details

Name: stxs_MinimumNetWorthRequiredForCompliancePeriodThree

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The lowest amount of net worth (total assets minus total liabilities) required by bank for period two.
+ References
No definition available.
+ Details

Name: stxs_MinimumNetWorthRequiredForCompliancePeriodTwo

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.16)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.16)

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 19, 20, 22

-Article 5

+ Details

Name: us-gaap_LineOfCredit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_LineOfCreditFacilityCurrentBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Date the credit facility terminates, in CCYY-MM-DD format.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_LineOfCreditFacilityExpirationDate1

Namespace Prefix: us-gaap_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_LineOfCreditFacilityLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(b),22(b))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_LineOfCreditFacilityMaximumBorrowingCapacity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Indebtedness divided by net capital.
+ References
No definition available.
+ Details

Name: us-gaap_RatioOfIndebtednessToNetCapital1

Namespace Prefix: us-gaap_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: instant

X

- Details

Name: us-gaap_CreditFacilityAxis=us-gaap_RevolvingCreditFacilityMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_RangeAxis=us-gaap_MinimumMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 33 R2.htm IDEA: XBRL DOCUMENT v3.2.0.727

Balance Sheets - USD ($)

Jun. 30, 2015

Dec. 31, 2014

Current assets:

Cash and cash equivalents $ 3,629,273 $ 7,270,301

Accounts receivable, net of allowance of $119,620 and $131,464 in 2015 and 2014, respectively 7,449,913 6,480,499

Inventories 5,498,917 6,371,903

Prepaid expenses and other current assets 739,292 1,094,837

Total current assets 17,317,395 21,217,540

Property and equipment, net 1,077,011 894,728

Intangible assets, net 1,229,736 1,379,653

Other assets 321,309 388,850

Total assets 19,945,451 23,880,771

Current liabilities:

Accounts payable 2,293,119 2,353,133

Accrued liabilities 6,002,767 5,505,142

Deferred revenue 6,342,452 6,658,170

Warrants 2,027,395 2,134,187

Total current liabilities 16,665,733 16,650,632

Long-term debt, less current maturities 18,308,436 18,388,764

Long-term deferred revenue 856,854 976,165

Other liabilities $ 5,570 $ 414,928

Stockholders' deficit:

Preferred stock, par value $0.001; 10,000,000 shares authorized, none outstanding at 2015 and 2014

Common stock, par value $0.001; 300,000,000 shares authorized, 21,066,848 and 20,480,874 shares issued at 2015 and 2014, respectively $ 21,067 $ 20,481

Additional paid in capital 447,573,961 446,241,703

Treasury stock, 4,015 shares at 2015 and 2014 (205,999) (205,999)

Accumulated deficit (463,280,171) (458,605,903)

Total stockholders' deficit (15,891,142) (12,549,718)

Total liabilities and stockholders' deficit $ 19,945,451 $ 23,880,771

X

- Definition
Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(a))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_AccountsPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3-4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3

-Subparagraph a(1)

-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 4

-Article 5

+ Details

Name: us-gaap_AccountsReceivableNetCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_AccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders. Includes adjustments to additional paid in capital. Some examples of such adjustments include recording the issuance of debt with a beneficial conversion feature and certain tax consequences of equity instruments awarded to employees. Use this element for the aggregate amount of additional paid-in capital associated with common and preferred stock. For additional paid-in capital associated with only common stock, use the element additional paid in capital, common stock. For additional paid-in capital associated with only preferred stock, use the element additional paid in capital, preferred stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.30(a)(1))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 31

-Article 5

+ Details

Name: us-gaap_AdditionalPaidInCapital

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.18)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 12

-Article 7

+ Details

Name: us-gaap_Assets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.9)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6801-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

+ Details

Name: us-gaap_AssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AssetsCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.1)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

+ Details

Name: us-gaap_CommonStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The carrying amount of consideration received or receivable as of the balance sheet date on potential earnings that were not recognized as revenue in conformity with GAAP, and which are expected to be recognized as such within one year or the normal operating cycle, if longer, including sales, license fees, and royalties, but excluding interest income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 13.A.4(a).Q1)

-URI http://asc.fasb.org/extlink&oid=27012821&loc=d3e214044-122780

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 13

-Section A

+ Details

Name: us-gaap_DeferredRevenueCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
The noncurrent portion of deferred revenue amount as of balance sheet date. Deferred revenue is a liability related to a revenue producing activity for which revenue has not yet been recognized, and is not expected to be recognized in the next twelve months. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 13.A.4(a).Q1)

-URI http://asc.fasb.org/extlink&oid=27012821&loc=d3e214044-122780

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 13

-Section A

+ Details

Name: us-gaap_DeferredRevenueNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16212-109274

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph ((a)(1),(b))

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

+ Details

Name: us-gaap_IntangibleAssetsNetExcludingGoodwill

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.6(a))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 330

-SubTopic 10

-Section 35

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=51655945&loc=d3e3927-108312

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.32)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 25

-Article 7

+ Details

Name: us-gaap_LiabilitiesAndStockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.21)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_LiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_LiabilitiesCurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount of long-term debt, net of unamortized discount or premium, excluding amounts to be repaid within one year or the normal operating cycle, if longer (current maturities). Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_LongTermDebtNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent assets not separately disclosed in the balance sheet. Noncurrent assets are expected to be realized or consumed after one year (or the normal operating cycle, if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.17)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_OtherAssetsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.24)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_OtherLiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29

-Article 5

+ Details

Name: us-gaap_PreferredStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 8

-Article 5

+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 13

-Subparagraph a

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 8

-Article 7

+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
The cumulative amount of the reporting entity's undistributed earnings or deficit.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.31(a)(3))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Article 3

+ Details

Name: us-gaap_RetainedEarningsAccumulatedDeficit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section E

+ Details

Name: us-gaap_StockholdersEquity

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 30

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656

+ Details

Name: us-gaap_TreasuryStockValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(i))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

+ Details

Name: us-gaap_WarrantsAndRightsOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 34 R45.htm IDEA: XBRL DOCUMENT v3.2.0.727

Stockholders' Equity (Summary Of The Restricted Stock Unit Activity) (Details) - 6 months ended Jun. 30, 2015 - Restricted Stock Units [Member] - $ / shares

Total

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Number of Restricted Shares Units, Outstanding, December 31, 2014 697,751

Number of Restricted Shares Units, Granted 370,700

Number of Restricted Shares Units, Vested (197,800)

Number of Restricted Shares Units, Forfeited (64,897)

Number of Restricted Shares Units, Outstanding, June 30, 2015 805,754

Weighted Average Grant Date Fair Value per Unit, Outstanding, December 31, 2014 $ 3.14

Weighted Average Grant Date Fair Value per Unit, Granted 2.07

Weighted Average Grant Date Fair Value per Unit, Vested 3.36

Weighted Average Grant Date Fair Value per Unit, Forfeited 2.82

Weighted Average Grant Date Fair Value per Unit, Outstanding, June 30, 2015 $ 2.62

X

- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that were forfeited during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)(iv)(3)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Weighted average fair value as of the grant date of equity-based award plans other than stock (unit) option plans that were not exercised or put into effect as a result of the occurrence of a terminating event.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(iii)(3)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(iii)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(iii)(1)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(i)-(ii)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(i)-(ii)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(iii)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(2)(iii)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 35 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727

Description Of Business
6 Months Ended

Jun. 30, 2015

Description Of Business [Abstract]

Description Of Business

1. Description of Business

Stereotaxis designs, manufactures, and markets the Epoch® Solution, an advanced remote robotic navigation system for use in a hospital’s interventional surgical suite or “interventional lab”, that we believe revolutionizes the treatment of arrhythmias and coronary artery disease by enabling enhanced safety, efficiency, and efficacy for catheter-based or interventional procedures. The Epoch Solution is comprised of the Niobe® ES Magnetic Navigation System (“Niobe ES system”), Odyssey® Information Management Solution (“Odyssey Solution”), and the Vdrive® Robotic Navigation System (“Vdrive system”) and related devices.

The Niobe ES system is designed to enable physicians to complete more complex interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites. This is achieved using externally applied magnetic fields that govern the motion of the working tip of the catheter or guidewire, resulting in improved navigation, efficient procedures, and reduced X-ray exposure.

In addition to the Niobe ES system and its components, Stereotaxis has also developed the Odyssey Solution, which consolidates all lab information, enabling doctors to focus on the patient for optimal procedure efficiency. The platform also features a remote viewing and recording capability called the Odyssey Cinema™ system, an innovative system delivering synchronized content for optimized workflow, advanced care, and improved productivity. This tool includes an archiving capability that allows clinicians to store and replay entire procedures or segments of procedures. This information can be accessed from locations throughout the hospital’s local area network and over the global Odyssey Network, providing physicians with a tool for clinical collaboration, remote consultation, and training.

Our Vdrive system provides navigation and stability for diagnostic and therapeutic devices designed to improve interventional procedures. The Vdrive system complements the Niobe ES system’s control of therapeutic catheters for fully remote procedures and enables single-operator workflow. It is sold as two options, the Vdrive system and the Vdrive Duo™ system. In addition to the Vdrive system and the Vdrive Duo system, we also manufacture and market various disposable components which can be manipulated by these systems.

We promote the full Epoch Solution in a typical hospital implementation, subject to regulatory approvals or clearances. The full Epoch Solution implementation requires a hospital to agree to an upfront capital payment and recurring payments. The upfront capital payment typically includes equipment and installation charges. The recurring payments typically include disposable costs for each procedure, equipment service costs beyond the warranty period, and software licenses. In hospitals where the full Epoch Solution has not been implemented, equipment upgrade or expansion may be implemented upon purchase of the necessary components. As of June 30, 2015, the Company has an installed base of 123 Niobe ES systems.

The core components of Stereotaxis’ systems have received regulatory clearance in the United States, European Union, Canada, China, Japan and various other countries. We have received the CE Mark that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop and V-Sono devices in Europe. In addition, we have received licensing to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop, and V-Sono devices in Canada. We have received regulatory clearance that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-Loop, and V-Sono devices in the United States. We have received Food and Drug Administration (“FDA”) clearance and the CE Mark necessary for us to market our suite of Pegasus™ coronary peripheral guidewires in the United States and Europe.

Since our inception, we have generated significant losses. As of June 30, 2015, we incurred cumulative net losses of approximately $463.3 million. In 2015, the Company plans to continue developing the Niobe ES system with the goal of furthering clinical adoption. Although we achieved an operating profit in the fourth quarter 2014, we expect to have negative cash flow from operations into 2015 as we continue the development and commercialization of our products, conduct our research and development activities, advance new products into clinical development from our existing research programs, and fund additional sales and marketing initiatives. During 2015, we expect operating expenses to be generally consistent with 2014 with additional investment in certain targeted areas.

We may be required to raise capital or pursue other financing strategies to continue our operations. Until we can generate significant cash flow from our operations, we expect to continue to fund our operations with cash resources primarily generated from the proceeds of our past and future public offerings, private sales of our equity securities, and loans collateralized by working capital and equipment. We continue to explore financing alternatives, which may include the sale of equity securities or non-core assets, strategic collaboration agreements, debt financings, or distribution rights. We cannot accurately predict the timing and amount of our utilization of capital, which will depend on a number of factors outside of our control.

Our existing cash, cash equivalents, and borrowing facilities may not be sufficient to fund our operating expenses and capital equipment requirements through the next 12 months, which would require us to obtain additional financing. We cannot assure that additional financing will be available on acceptable terms or that such financing will not be dilutive to our stockholders. If adequate funds are not available to us, we could be required to delay development or commercialization of new products, to license to third parties the rights to commercialize products or technologies that we would otherwise seek to commercialize ourselves, or to reduce the sales, marketing, customer support or other resources devoted to our products, any of which could have a material adverse effect on our business, financial condition, and operational results. In addition, we could be required to cease operations.

X

- Definition
The entire disclosure for the nature of an entity's business, major products or services, principal markets including location, and the relative importance of its operations in each business and the basis for the determination, including but not limited to, assets, revenues, or earnings. For an entity that has not commenced principal operations, disclosures about the risks and uncertainties related to the activities in which the entity is currently engaged and an understanding of what those activities are being directed toward.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=51801978&loc=d3e6003-108592

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 275

-SubTopic 10

-Section 50

-Paragraph 2A

-URI http://asc.fasb.org/extlink&oid=51801978&loc=SL51803626-108592

+ Details

Name: us-gaap_NatureOfOperations

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OrganizationConsolidationAndPresentationOfFinancialStatementsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 36 R35.htm IDEA: XBRL DOCUMENT v3.2.0.727

Prepaid Expenses And Other Current Assets (Schedule Of Prepaid Expenses And Other Current Assets) (Details) - USD ($)

Jun. 30, 2015

Dec. 31, 2014

Prepaid Expenses And Other Current Assets [Abstract]

Prepaid expenses $ 362,592 $ 679,740

Deferred financing costs 486,642 492,385

Deposits 143,597 311,562

Deferred cost of revenue 67,770

Total prepaid expenses and other assets 1,060,601 1,483,687

Less: Noncurrent prepaid expenses and other assets (321,309) (388,850)

Total prepaid expenses and other current assets $ 739,292 $ 1,094,837

X

- Definition
Deferred Cost Of Revenue
+ References
No definition available.
+ Details

Name: stxs_DeferredCostOfRevenue

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
For an unclassified balance sheet, the carrying amount (net of accumulated amortization) as of the balance sheet date of capitalized costs associated with the issuance of debt instruments (for example, legal, accounting, underwriting, printing, and registration costs) that will be charged against earnings over the life of the debt instruments to which such costs pertain.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 30

-Section 45

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28555-108399

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.17)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_DeferredFinanceCostsNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Carrying value of amounts transferred to third parties for security purposes that are expected to be returned or applied towards payment within one year or during the operating cycle, if shorter.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.17)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_DepositsAssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets.
+ References
No definition available.
+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssetsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 8

-Article 5

+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssetsCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed after one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 17

-Article 5

+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssetsNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6787-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 340

-SubTopic 10

-Section 05

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=51662447&loc=d3e5879-108316

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Current Assets

-URI http://asc.fasb.org/extlink&oid=6509628

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-Subparagraph (g)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

+ Details

Name: us-gaap_PrepaidExpenseCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 37 R22.htm IDEA: XBRL DOCUMENT v3.2.0.727

Inventories (Tables)
6 Months Ended

Jun. 30, 2015

Inventories [Abstract]

Schedule Of Inventories

June 30, 2015

December 31, 2014

Raw materials

$ 2,387,027

$ 2,746,926

Work in process

249,022

374,236

Finished goods

2,896,623

3,310,375

Reserve for obsolescence

(33,755)

(59,634)

Total inventories

$ 5,498,917

$ 6,371,903

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryNetAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6361739&loc=d3e7789-107766

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 2

-Paragraph 6

-Subparagraph a,b,c

-Article 5

+ Details

Name: us-gaap_ScheduleOfInventoryCurrentTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 38 R36.htm IDEA: XBRL DOCUMENT v3.2.0.727

Property And Equipment (Schedule Of Property And Equipment) (Details) - USD ($)

Jun. 30, 2015

Dec. 31, 2014

Property, Plant and Equipment [Line Items]

Gross property and equipment $ 10,995,226 $ 10,896,597

Less: Accumulated depreciation (9,918,215) (10,001,869)

Net property and equipment 1,077,011 894,728

Equipment [Member]

Property, Plant and Equipment [Line Items]

Gross property and equipment 8,363,433 8,264,804

Equipment Held For Lease [Member]

Property, Plant and Equipment [Line Items]

Gross property and equipment 303,412 303,412

Leasehold Improvements [Member]

Property, Plant and Equipment [Line Items]

Gross property and equipment $ 2,328,381 $ 2,328,381

X

- Definition
Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.14)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_PropertyPlantAndEquipmentGross

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_PropertyPlantAndEquipmentLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 13

-Subparagraph a

-Article 5

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 8

-Article 7

+ Details

Name: us-gaap_PropertyPlantAndEquipmentNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_EquipmentMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_AssetsHeldUnderCapitalLeasesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: us-gaap_PropertyPlantAndEquipmentByTypeAxis=us-gaap_LeaseholdImprovementsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 39 R24.htm IDEA: XBRL DOCUMENT v3.2.0.727

Property And Equipment (Tables)
6 Months Ended

Jun. 30, 2015

Property And Equipment [Abstract]

Schedule Of Property And Equipment

June 30,

December 31,

2015

2014

Equipment

$ 8,363,433

$ 8,264,804

Equipment held for lease

303,412

303,412

Leasehold improvements

2,328,381

2,328,381

10,995,226

10,896,597

Less: Accumulated depreciation

(9,918,215)

(10,001,869)

Net property and equipment

$ 1,077,011

$ 894,728

X

- References
No definition available.
+ Details

Name: us-gaap_PropertyPlantAndEquipmentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 13

-Subparagraph b

-Article 5

+ Details

Name: us-gaap_PropertyPlantAndEquipmentTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 40 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.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; } }; Show.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( '-', '+' ); } } }; XML 41 R7.htm IDEA: XBRL DOCUMENT v3.2.0.727

Summary Of Significant Accounting Policies
6 Months Ended

Jun. 30, 2015

Summary Of Significant Accounting Policies [Abstract]

Summary Of Significant Accounting Policies

2. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited financial statements of Stereotaxis, Inc. have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all the disclosures required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, they include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. Operating results for the six month period ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ended December 31, 2015 or for future operating periods.

These interim financial statements and the related notes should be read in conjunction with the annual financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission (SEC) on March 16, 2015.

Financial Instruments

Financial instruments consist of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and debt. The carrying value of such amounts reported at the applicable balance sheet dates approximates fair value. See Note 9 for disclosure of the fair value of debt.

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including warrants and debt conversion features. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). See Note 11 for additional details.

Revenue and Costs of Revenue

The Company accounts for revenue using Accounting Standards Codification Topic 605-25, Multiple-Element Arrangements (“ASC 605-25”).

ASC 605-25 permits management to estimate the selling price of undelivered components of a bundled sale for which it is unable to establish vendor-specific objective evidence (“VSOE”) or third-party evidence (“TPE”). This requires management to record revenue for certain elements of a transaction even though it might not have delivered other elements of the transaction, for which it was unable to meet the requirements for establishing VSOE or TPE. The Company believes that the guidance significantly improves the reporting of these types of transactions to more closely reflect the underlying economic circumstances. This guidance also prohibits the use of the residual method for allocating revenue to the various elements of a transaction and requires that the revenue be allocated proportionally based on the relative estimated selling prices.

Under our revenue recognition policy, a portion of revenue for Niobe systems, Vdrive systems and certain Odyssey systems is recognized upon delivery, provided that title has passed, there are no uncertainties regarding acceptance, persuasive evidence of an arrangement exists, the sales price is fixed and determinable, and collection of the related receivable is reasonably assured. Revenue is recognized for other types of Odyssey systems upon completion of installation, since there are no qualified third party installers. When installation is the responsibility of the customer, revenue from system sales is recognized upon shipment since these arrangements do not include an installation element or right of return privileges. The Company does not recognize revenue in situations in which inventory remains at a Stereotaxis warehouse or in situations in which title and risk of loss have not transferred to the customer. Amounts collected prior to satisfying the above revenue recognition criteria are reflected as deferred revenue. Revenue from services and license fees, whether sold individually or as a separate unit of accounting in a multiple-deliverable arrangement, is deferred and amortized over the service or license fee period, which is typically one year. Revenue from services is derived primarily from the sale of annual product maintenance plans. We recognize revenue from disposable device sales or accessories upon shipment and establish an appropriate reserve for returns. The return reserve, which is applicable only to disposable devices, is estimated based on historical experience which is periodically reviewed and updated as necessary. In the past, changes in estimate have had only a de minimis effect on revenue recognized in the period. We believe that the estimate is not likely to change significantly in the future.

Costs of systems revenue include direct product costs, installation labor and other costs, estimated warranty costs, and initial training and product maintenance costs. These costs are recorded at the time of sale. Costs of disposable revenue include direct product costs and estimated warranty costs and are recorded at the time of sale. Cost of revenue from services and license fees are recorded when incurred.

Share-Based Compensation

The Company accounts for its grants of stock options, stock appreciation rights, restricted shares, and restricted stock units and for its employee stock purchase plan in accordance with the provisions of general accounting principles for share-based payments. These accounting principles require the determination of the fair value of the share-based compensation at the grant date and the recognition of the related expense over the period in which the share-based compensation vests.

The Company utilizes the Black-Scholes valuation model to determine the fair value of stock options and stock appreciation rights at the date of grant. The resulting compensation expense is recognized over the requisite service period, which is generally four years. Compensation expense is recognized only for those awards expected to vest, with forfeitures estimated based on the Company’s historical experience and future expectations. Restricted shares granted to employees are valued at the fair market value at the date of grant. The Company amortizes the fair market value to expense over the service period. If the shares are subject to performance objectives, the resulting compensation expense is amortized over the anticipated vesting period and is subject to adjustment based on the actual achievement of objectives.

Net Earnings (Loss) per Common Share (“EPS”)

Basic and diluted net earnings (loss) per common share are computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period.

The following table sets forth the computation of basic and diluted EPS:

Three months ended June 30,

Six months ended June 30,

2015

2014

2015

2014

Numerator:

Numerator for basic EPS

$

(1,538,687)

$

(1,941,479)

$

(4,674,268)

$

(6,081,326)

Numerator for diluted EPS

$

(1,538,687)

$

(1,941,479)

$

(4,674,268)

$

(6,081,326)

Denominator:

Denominator for basic EPS—weighted average shares

21,007,103

19,631,469

20,871,244

19,483,603

Denominator for diluted EPS

21,007,103

19,631,469

20,871,244

19,483,603

Basic EPS

$

(0.07)

$

(0.10)

$

(0.22)

$

(0.31)

Diluted EPS

$

(0.07)

$

(0.10)

$

(0.22)

$

(0.31)

In addition, the Company did not include any portion of unearned restricted shares, outstanding options, stock appreciation rights or warrants in the calculation of diluted loss per common share because all such securities are anti-dilutive for the six months ended June 30, 2015 and the six months ended June 30, 2014. The application of the two-class method of computing earnings per share under general accounting principles for participating securities is not applicable during these periods because the Company’s unearned restricted shares do not contractually participate in its losses.

As of June 30, 2015, the Company had 749,166 shares of common stock issuable upon the exercise of outstanding options and stock appreciation rights at a weighted average exercise price of $9.96 per share, 2,131,476 shares of common stock issuable upon the exercise of outstanding warrants at a weighted average exercise price of $4.99 per share, and 805,754 shares of unvested restricted share units. The Company had no unearned restricted shares outstanding for the six months ended June 30, 2015.

Recently Issued Accounting Pronouncements

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU” or “Update”) No. 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. To simplify the presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from that debt liability, consistent with the presentation of a debt discount. The Standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method.

In August 2014, the FASB issued ASU No. 2014-15, to communicate amendments to FASB Account Standards Codification Subtopic 205-40, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The ASU requires management to evaluate relevant conditions, events and certain management plans that are known or reasonably knowable as of the evaluation date when determining whether substantial doubt about an entity’s ability to continue as a going concern exists. Management will be required to make this evaluation for both annual and interim reporting periods. Management will have to make certain disclosures if it concludes that substantial doubt exists and when it plans to alleviate substantial doubt about the entity’s ability to continue as a going concern. The standard is effective for annual periods ending after December 15, 2016 and for interim reporting periods starting in the first quarter of 2017. Early adoption is permitted. We are currently evaluating the impact of adopting this accounting standard update on our financial statement disclosures and have not concluded on an adoption method.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" which converges the FASB's and the International Accounting Standards Board's current standards on revenue recognition. The standard provides companies with a single model to use in accounting for revenue arising from contracts with customers and supersedes current revenue guidance. The standard is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. The standard permits companies to either apply the adoption to all periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. In April 2015, the FASB issued an exposure draft related to the deferral of the effective date, which would delay our effective date one year. Therefore, the standard would be effective for annual and interim periods beginning after December 15, 2017. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method.

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for all significant accounting policies of the reporting entity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18861-107790

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18726-107790

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18743-107790

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18854-107790

+ Details

Name: us-gaap_SignificantAccountingPoliciesTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 42 R3.htm IDEA: XBRL DOCUMENT v3.2.0.727

Balance Sheets (Parenthetical) - USD ($)

Jun. 30, 2015

Dec. 31, 2014

Balance Sheets [Abstract]

Accounts receivable, allowance $ 119,620 $ 131,464

Preferred stock, par value $ 0.001 $ 0.001

Preferred stock, shares authorized 10,000,000 10,000,000

Preferred stock, shares outstanding 0 0

Common stock, par value $ 0.001 $ 0.001

Common stock, shares authorized 300,000,000 300,000,000

Common stock, shares issued 21,066,848 20,480,874

Treasury stock, shares 4,015 4,015

X

- Definition
A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=49124121&loc=d3e5074-111524

+ Details

Name: us-gaap_AllowanceForDoubtfulAccountsReceivableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Face amount or stated value per share of common stock.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

+ Details

Name: us-gaap_CommonStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of common shares permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

+ Details

Name: us-gaap_CommonStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 30

-Article 5

+ Details

Name: us-gaap_CommonStockSharesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29

-Article 5

+ Details

Name: us-gaap_PreferredStockParOrStatedValuePerShare

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: instant

X

- Definition
The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29

-Article 5

+ Details

Name: us-gaap_PreferredStockSharesAuthorized

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29

-Article 5

+ Details

Name: us-gaap_PreferredStockSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_StatementOfFinancialPositionAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of common and preferred shares that were previously issued and that were repurchased by the issuing entity and held in treasury on the financial statement date. This stock has no voting rights and receives no dividends.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.28,29)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 29, 30

-Article 5

+ Details

Name: us-gaap_TreasuryStockShares

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

XML 43 R17.htm IDEA: XBRL DOCUMENT v3.2.0.727

Product Warranty Provisions
6 Months Ended

Jun. 30, 2015

Product Warranty Provisions [Abstract]

Product Warranty Provisions

12. Product Warranty Provisions

The Company’s standard policy is to warrant all Niobe, Odyssey, and Vdrive systems against defects in material or workmanship for one year following installation. The Company’s estimate of costs to service the warranty obligations is based on historical experience and current product performance trends. A regular review of warranty obligations is performed to determine the adequacy of the reserve and adjustments are made to the estimated warranty liability as appropriate.

Accrued warranty, which is included in other accrued liabilities, consists of the following:

June 30, 2015

December 31, 2014

Warranty accrual, beginning of the fiscal period

$

364,548

$

501,212

Accrual adjustment for product warranty

29,774

84,402

Payments made

(63,436)

(221,066)

Warranty accrual, end of the fiscal period

$

330,886

$

364,548

X

- References
No definition available.
+ Details

Name: us-gaap_ProductWarrantiesDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for standard and extended product warranties and other product guarantee contracts, including a tabular reconciliation of the changes in the guarantor's aggregate product warranty liability for the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

+ Details

Name: us-gaap_ProductWarrantyDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 44 R1.htm IDEA: XBRL DOCUMENT v3.2.0.727

Document And Entity Information - shares
6 Months Ended

Jun. 30, 2015

Jul. 15, 2015

Document And Entity Information [Abstract]

Document Type 10-Q

Amendment Flag false

Document Period End Date Jun. 30, 2015

Document Fiscal Period Focus Q2

Document Fiscal Year Focus 2015

Entity Registrant Name Stereotaxis, Inc.

Entity Central Index Key 0001289340

Current Fiscal Year End Date --12-31

Trading Symbol stxs

Entity Filer Category Smaller Reporting Company

Entity Common Stock, Shares Outstanding 21,067,198

X

- Definition
If the value is true, then the document is an amendment to previously-filed/accepted document.
+ References
No definition available.
+ Details

Name: dei_AmendmentFlag

Namespace Prefix: dei_

Data Type: xbrli:booleanItemType

Balance Type: na

Period Type: duration

X

- Definition
End date of current fiscal year in the format --MM-DD.
+ References
No definition available.
+ Details

Name: dei_CurrentFiscalYearEndDate

Namespace Prefix: dei_

Data Type: xbrli:gMonthDayItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalPeriodFocus

Namespace Prefix: dei_

Data Type: dei:fiscalPeriodItemType

Balance Type: na

Period Type: duration

X

- Definition
This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006.
+ References
No definition available.
+ Details

Name: dei_DocumentFiscalYearFocus

Namespace Prefix: dei_

Data Type: xbrli:gYearItemType

Balance Type: na

Period Type: duration

X

- Definition
The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD.
+ References
No definition available.
+ Details

Name: dei_DocumentPeriodEndDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other".
+ References
No definition available.
+ Details

Name: dei_DocumentType

Namespace Prefix: dei_

Data Type: dei:submissionTypeItemType

Balance Type: na

Period Type: duration

X

- Definition
A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityCentralIndexKey

Namespace Prefix: dei_

Data Type: dei:centralIndexKeyItemType

Balance Type: na

Period Type: duration

X

- Definition
Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument.
+ References
No definition available.
+ Details

Name: dei_EntityCommonStockSharesOutstanding

Namespace Prefix: dei_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: instant

X

- Definition
Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure.
+ References
No definition available.
+ Details

Name: dei_EntityFilerCategory

Namespace Prefix: dei_

Data Type: dei:filerCategoryItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation 12B

-Number 240

-Section 12b

-Subsection 1

+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Trading symbol of an instrument as listed on an exchange.
+ References
No definition available.
+ Details

Name: dei_TradingSymbol

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Document and Entity Information [Abstract]
+ References
No definition available.
+ Details

Name: stxs_DocumentAndEntityInformationAbstract

Namespace Prefix: stxs_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 45 R18.htm IDEA: XBRL DOCUMENT v3.2.0.727

Commitments And Contingencies
6 Months Ended

Jun. 30, 2015

Commitments And Contingencies [Abstract]

Commitments And Contingencies

13. Commitments and Contingencies

The Company at times becomes a party to claims in the ordinary course of business. Management believes that the ultimate resolution of pending or threatened proceedings will not have a material effect on the financial position, results of operations or liquidity of the Company.

X

- References
No definition available.
+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for commitments and contingencies.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 450

-SubTopic 20

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.25)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 440

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

+ Details

Name: us-gaap_CommitmentsAndContingenciesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 46 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727

Statements Of Operations - USD ($)
3 Months Ended 6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Jun. 30, 2015

Jun. 30, 2014

Revenue:

Systems $ 3,092,935 $ 1,153,282 $ 5,924,113 $ 2,488,136

Disposables, service and accessories 6,571,315 6,894,255 13,271,163 13,914,071

Total revenue 9,664,250 8,047,537 19,195,276 16,402,207

Cost of revenue:

Systems 1,849,275 1,080,785 3,249,542 1,640,212

Disposables, service and accessories 1,093,988 903,977 2,324,359 1,963,634

Total cost of revenue 2,943,263 1,984,762 5,573,901 3,603,846

Gross margin 6,720,987 6,062,775 13,621,375 12,798,361

Operating expenses:

Research and development 1,419,826 1,312,743 2,905,533 2,816,189

Sales and marketing 4,250,779 4,096,155 8,285,150 7,727,420

General and administrative 2,772,708 2,943,510 5,567,297 6,773,377

Total operating expenses 8,443,313 8,352,408 16,757,980 17,316,986

Operating loss (1,722,326) (2,289,633) (3,136,605) (4,518,625)

Other income 999,169 1,181,126 106,792 104,987

Interest income 493 1,695 1,355 3,929

Interest expense (816,023) (834,667) (1,645,810) (1,671,617)

Net loss $ (1,538,687) $ (1,941,479) $ (4,674,268) $ (6,081,326)

Net loss per common share:

Basic $ (0.07) $ (0.10) $ (0.22) $ (0.31)

Diluted $ (0.07) $ (0.10) $ (0.22) $ (0.31)

Weighted average shares used in computing net loss per common share:

Basic 21,007,103 19,631,469 20,871,244 19,483,603

Diluted 21,007,103 19,631,469 20,871,244 19,483,603

X

- Definition
Total costs related to disposables and accessories sold and services rendered during the reporting period.
+ References
No definition available.
+ Details

Name: stxs_DisposablesServiceAndAccessoriesCostOfRevenue

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Total costs related to systems produced and sold during the reporting period.
+ References
No definition available.
+ Details

Name: stxs_SystemsCostOfRevenue

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Aggregate revenue during the period from the sale of systems in the normal course of business, after deducting returns, allowances and discounts.
+ References
No definition available.
+ Details

Name: stxs_SystemsRevenue

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Weighted Average Number Of Basic And Diluted Shares Outstanding [Abstract]
+ References
No definition available.
+ Details

Name: stxs_WeightedAverageNumberOfBasicAndDilutedSharesOutstandingAbstract

Namespace Prefix: stxs_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The aggregate cost of goods produced and sold and services rendered during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.2)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_CostOfRevenue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_CostOfRevenueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_EarningsPerShareAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.21)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 55

-Paragraph 52

-URI http://asc.fasb.org/extlink&oid=32703322&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.23)

-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 18

-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 20

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 21

-Article 9

+ Details

Name: us-gaap_EarningsPerShareBasic

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.21)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 18

-Article 7

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 20

-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 21

-Article 9

+ Details

Name: us-gaap_EarningsPerShareDiluted

Namespace Prefix: us-gaap_

Data Type: num:perShareItemType

Balance Type: na

Period Type: duration

X

- Definition
The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.4)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_GeneralAndAdministrativeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1,2)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_GrossProfit

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Amount of the cost of borrowed funds accounted for as interest expense.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 835

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-04.9)

-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

+ Details

Name: us-gaap_InterestExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.7(b))

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_InvestmentIncomeInterest

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=51831255

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=51831270

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingExpenses

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_OperatingExpensesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The net result for the period of deducting operating expenses from operating revenues.
+ References
No definition available.
+ Details

Name: us-gaap_OperatingIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The net amount of other income and expense amounts, the components of which are not separately disclosed on the income statement, resulting from ancillary business-related activities (that is, excluding major activities considered part of the normal operations of the business) also known as other nonoperating income (expense) recognized for the period. Such amounts may include: (a) dividends, (b) interest on securities, (c) net gains or losses on securities, (d) unusual costs, (e) gains or losses on foreign exchange transactions, and (f) miscellaneous other income and expense items.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.9)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_OtherNonoperatingIncomeExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate costs incurred (1) in a planned search or critical investigation aimed at discovery of new knowledge with the hope that such knowledge will be useful in developing a new product or service, a new process or technique, or in bringing about a significant improvement to an existing product or process; or (2) to translate research findings or other knowledge into a plan or design for a new product or process or for a significant improvement to an existing product or process whether intended for sale or the entity's use, during the reporting period charged to research and development projects, including the costs of developing computer software up to the point in time of achieving technological feasibility, and costs allocated in accounting for a business combination to in-process projects deemed to have no alternative future use.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 730

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6420194&loc=d3e21568-108373

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 985

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6501960&loc=d3e128462-111756

+ Details

Name: us-gaap_ResearchAndDevelopmentExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_Revenues

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_RevenuesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.1(d))

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

+ Details

Name: us-gaap_SalesRevenueServicesNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services.
+ References
No definition available.
+ Details

Name: us-gaap_SellingAndMarketingExpense

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1505-109256

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name: us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

X

- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 45

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Weighted-Average Number of Common Shares Outstanding

-URI http://asc.fasb.org/extlink&oid=6528421

+ Details

Name: us-gaap_WeightedAverageNumberOfSharesOutstandingBasic

Namespace Prefix: us-gaap_

Data Type: xbrli:sharesItemType

Balance Type: na

Period Type: duration

XML 47 R12.htm IDEA: XBRL DOCUMENT v3.2.0.727

Accrued Liabilities
6 Months Ended

Jun. 30, 2015

Accrued Liabilities [Abstract]

Accrued Liabilities

7. Accrued Liabilities

Accrued liabilities consist of the following:

June 30,

December 31,

2015

2014

Accrued salaries, bonus, and benefits

$ 2,492,485

$ 2,557,557

Accrued rent

1,393,916

1,407,740

Accrued licenses and maintenance fees

661,102

661,766

Accrued interest

491,461

493,616

Accrued warranties

330,886

364,548

Accrued taxes

429,592

332,364

Other

208,895

102,479

Total accrued liabilities

6,008,337

5,920,070

Less: Long term accrued liabilities

(5,570)

(414,928)

Total current accrued liabilities

$ 6,002,767

$ 5,505,142

Certain prior year amounts have been reclassified to conform to the 2015 presentation.

Our primary company facilities are located in St. Louis, Missouri where we currently lease approximately 52,000 square feet of office and 12,000 square feet of demonstration and assembly space. In the third quarter of 2013, the Company modified the existing lease agreement to terminate approximately 13,000 square feet of unimproved space. The costs associated with the termination were $515,138 and were accrued as a rent liability as of September 30, 2013. As of June 30, 2015, the remaining accrued costs associated with the termination were $319,736.

X

- Definition
The entire disclosure for accounts payable and accrued liabilities at the end of the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19(a),20,24)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 48 R11.htm IDEA: XBRL DOCUMENT v3.2.0.727

Intangible Assets
6 Months Ended

Jun. 30, 2015

Intangible Assets [Abstract]

Intangible Assets

6. Intangible Assets

As of June 30, 2015, the Company had total intangible assets of $3,665,000. Accumulated amortization at June 30, 2015, was $2,435,264.

X

- References
No definition available.
+ Details

Name: us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for all or part of the information related to intangible assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275

+ Details

Name: us-gaap_IntangibleAssetsDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 49 R23.htm IDEA: XBRL DOCUMENT v3.2.0.727

Prepaid Expenses And Other Current Assets (Tables)
6 Months Ended

Jun. 30, 2015

Prepaid Expenses And Other Current Assets [Abstract]

Schedule Of Prepaid Expenses And Other Current Assets

June 30, 2015

December 31, 2014

Prepaid expenses

$ 362,592

$ 679,740

Deferred financing costs

486,642

492,385

Deposits

143,597

311,562

Deferred cost of revenue

67,770

-

Total prepaid expenses and other assets

1,060,601

1,483,687

Less: Noncurrent prepaid expenses and other assets

(321,309)

(388,850)

Total prepaid expenses and other current assets

$ 739,292

$ 1,094,837

X

- Definition
Prepaid Expenses and Other Current Assets [Table Text Block]
+ References
No definition available.
+ Details

Name: stxs_PrepaidExpensesAndOtherCurrentAssetsTableTextBlock

Namespace Prefix: stxs_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_PrepaidExpenseAndOtherAssetsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 50 R19.htm IDEA: XBRL DOCUMENT v3.2.0.727

Subsequent Events
6 Months Ended

Jun. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

On August 5, 2015, the Nasdaq Stock Market LLC (“NASDAQ”) notified us that the Company no longer complies with NASDAQ Listing Rule 5550(b)(2), the Market Value of Listed Securities (“MVLS”) Rule, because the Company did not maintain a minimum MVLS of $35 million for the 30 consecutive business days prior to the date of the letter. In accordance with Rule 5810(c)(3)(C), the Company will be provided 180 calendar days, or until February 1, 2016, to regain compliance with the MVLS Rule. The Company may regain compliance with the MVLS Rule if the Company’s MVLS closes at $35 million or more for a minimum of 10 consecutive business days at any time before February 1, 2016.

The NASDAQ letter further states that if the Company does not regain compliance with the MVLS Rule by February 1, 2016, the NASDAQ will notify the Company that its common stock will be subject to delisting. At that time, the Company may appeal NASDAQ’s determination to delist the common stock.

X

- References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business.
+ References
No definition available.
+ Details

Name: us-gaap_SubsequentEventsTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 51 R15.htm IDEA: XBRL DOCUMENT v3.2.0.727

Stockholders' Equity
6 Months Ended

Jun. 30, 2015

Stockholders' Equity [Abstract]

Stockholders' Equity

10. Stockholders’ Equity

The holders of common stock are entitled to one vote for each share held and to receive dividends whenever funds are legally available and when declared by the Board of Directors subject to the prior rights of holders of all classes of stock having priority rights as dividends and the conditions of the revolving line of credit agreement. Since the Company’s inception, no dividends have been declared or paid.

Controlled Equity Offering

The Company entered into a Controlled Equity OfferingSM sales agreement (the “Sales Agreement”) in May 2014, as amended on March 26, 2015, with Cantor Fitzgerald & Co. (“Cantor”), as agent and/or principal, pursuant to which the Company could issue and sell, from time to time, shares of its common stock having an aggregate gross sales price of up to $18.0 million. The Company will pay Cantor a commission of 3.0% of the gross proceeds from any common stock sold through the Sales Agreement.

During the three months ended June 30, 2015, the Company sold an aggregate of 71,754 shares of common stock under the Sales Agreement, at an average price of approximately $1.97 per share for gross proceeds of $141,497 and net proceeds of $137,253, after deducting Cantor’s commission. As of June 30, 2015, $14.1 million of common stock remained available to be sold under this facility, subject to certain conditions as specified in the Sales Agreement.

Stock Award Plans

The Company has various stock plans that permit the Company to provide incentives to employees and directors of the Company in the form of equity compensation. In August 2012, the Board of Directors adopted a stock incentive plan (the 2012 Stock Incentive Plan “Plan”) which was subsequently approved by the Company’s shareholders. This plan replaced the 2002 Stock Incentive Plan which expired on March 25, 2012.

On June 5, 2013 and on June 10, 2014, the shareholders approved amendments to the Plan, which were previously approved and adopted by the Compensation Committee of the Board of Directors of the Company. Each of these amendments increased the number of shares authorized for issuance under the Plan by one million shares. At June 30, 2015, the Company had 699,995 remaining shares of the Company’s common stock to provide for current and future grants under its various equity plans.

At June 30, 2015, the total compensation cost related to options, stock appreciation rights and non-vested stock granted to employees under the Company’s stock award plans but not yet recognized was approximately $2.3 million, net of estimated forfeitures of approximately $1.2 million. This cost will be amortized over a period of up to four years over the underlying estimated service periods and will be adjusted for subsequent changes in estimated forfeitures and anticipated vesting periods.

A summary of the option and stock appreciation rights activity for the six month period ended June 30, 2015 is as follows:

Number of Options/SARs

Range of Exercise Price

Weighted Average Exercise Price per Share

Outstanding, December 31, 2014

487,146

$1.69 - $116.40

$
17.21

Granted

330,850

$1.88 - $2.15

$
2.11

Exercised

-

-

-

Forfeited

(68,830)

$1.69 - $91.90

$
23.58

Outstanding, June 30, 2015

749,166

$1.74 - $116.40

$
9.96

As of June 30, 2015, there were no restricted shares outstanding.

A summary of the restricted stock unit activity for the six month period ended June 30, 2015 is as follows:

Number of Restricted Shares Units

Weighted Average Grant Date Fair Value per Unit

Outstanding, December 31, 2014

697,751

$
3.14

Granted

370,700

$
2.07

Vested

(197,800)

$
3.36

Forfeited

(64,897)

$
2.82

Outstanding, June 30, 2015

805,754

$
2.62

X

- References
No definition available.
+ Details

Name: us-gaap_StockholdersEquityNoteAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(d),(e))

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 310

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 4.E)

-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 5

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.29-31)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 4

-Subparagraph (SAB TOPIC 4.C)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.3-04)

-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Preferred Stock

-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section E

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 4

-Section C

+ Details

Name: us-gaap_StockholdersEquityNoteDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 52 R13.htm IDEA: XBRL DOCUMENT v3.2.0.727

Deferred Revenue
6 Months Ended

Jun. 30, 2015

Deferred Revenue [Abstract]

Deferred Revenue

8. Deferred Revenue

Deferred revenue consists of the following:

June 30,

December 31,

2015

2014

Product shipped, revenue deferred

$ 210,360

$ 457,348

Customer deposits

41,779

1,065,371

Deferred service and license fees

6,947,167

6,111,616

7,199,306

7,634,335

Less: Long-term deferred revenue

(856,854)

(976,165)

Total current deferred revenue

$ 6,342,452

$ 6,658,170

X

- References
No definition available.
+ Details

Name: us-gaap_DeferredRevenueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for deferred revenues at the end of the reporting period, and description and amounts of significant changes that occurred during the reporting period. Deferred revenue is a liability as of the balance sheet date related to a revenue producing activity for which revenue has not yet been recognized. Generally, an entity records deferred revenue when it receives consideration from a customer before achieving certain criteria that must be met for revenue to be recognized in conformity with GAAP.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 13.A.3(b).Q1(c),(b).Q2,(c).Q3)

-URI http://asc.fasb.org/extlink&oid=27012821&loc=d3e214044-122780

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 13

-Section A

+ Details

Name: us-gaap_DeferredRevenueDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 53 R14.htm IDEA: XBRL DOCUMENT v3.2.0.727

Long-Term Debt And Credit Facilities
6 Months Ended

Jun. 30, 2015

Long-Term Debt And Credit Facilities [Abstract]

Long-Term Debt And Credit Facilities

9. Long-Term Debt and Credit Facilities

Debt outstanding consists of the following:

June 30, 2015

December 31, 2014

Carrying

Estimated

Carrying

Estimated

Amount

Fair Value

Amount

Fair Value

Healthcare Royalty Partners debt

$ 18,308,436

18,308,436

$ 18,388,764

18,388,764

Total debt

18,308,436

18,308,436

18,388,764

18,388,764

Less current maturities

—

—

—

—

Total long term debt

$ 18,308,436

$ 18,308,436

$ 18,388,764

$ 18,388,764

 In accordance with general accounting principles for fair value measurement, the Company’s debt and credit facilities were measured at fair value as of June 30, 2015 and December 31, 2014. Long-term debt fair value estimates are based on estimated borrowing rates to discount the cash flows to their present value (Level 3).

Revolving Line of Credit

The Company has had a working capital line of credit with its primary lender, Silicon Valley Bank, since 2004. The revolving line of credit is secured by substantially all of the Company’s assets. The maximum available under the line is $10 million subject to the value of collateralized assets. The Company is required under the revolving line of credit to maintain its primary operating account and the majority of its cash and investment balances in accounts with its primary lender. The facility was last amended on March 27, 2015, extending the maturity date to March 31, 2018. The current agreement requires the Company to maintain a liquidity ratio greater than 1.50:1.00, excluding certain short term advances from the calculation, and a minimum tangible net worth of not less than (no worse than) negative $21.5 million for the quarters ended March 31, 2015, June 30, 2015, and September 30, 2015; not less than (no worse than) negative $22.5 million for the quarters ended December 31, 2015, March 31, 2016, June 30, 2016, and September 30, 2016; not less than (no worse than) negative $23.5 million for the quarters ended December 31, 2016, March 31, 2017, June 30, 2017, and September 30, 2017; and not less than (no worse than) negative $24.5 million for the quarters ended December 31, 2017 and March 31, 2018.

As of June 30, 2015, the Company had no outstanding debt under the revolving line of credit. Draws on the line of credit are made based on the borrowing capacity one week in arrears. As of June 30, 2015, the Company had a borrowing capacity of $6.0 million based on the Company’s collateralized assets.

Healthcare Royalty Partners Debt

In November 2011, the Company entered into a loan agreement with Healthcare Royalty Partners. Under the agreement the Company borrowed from Healthcare Royalty Partners $15 million. The Company was permitted to borrow up to an additional $5 million in the aggregate based on the achievement by the Company of certain milestones related to Niobe ES system sales in 2012. On August 8, 2012, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the three months ended June 30, 2012. On January 31, 2013, the Company borrowed an additional $2.5 million based upon achievement of a milestone related to Niobe ES system sales for the twelve months ended December 31, 2012. The loan will be repaid through, and secured by, royalties payable to the Company under its Development, Alliance and Supply Agreement with Biosense Webster, Inc. (the “Biosense Agreement”). The Biosense Agreement relates to the development and distribution of magnetically enabled catheters used with Stereotaxis' Niobe ES system in cardiac ablation procedures. Under the terms of the agreement, Healthcare Royalty Partners will be entitled to receive 100% of all royalties due to the Company under the Biosense Agreement until the loan is repaid. The loan is a full recourse loan, matures on December 31, 2018, and bears interest at an annual rate of 16% payable quarterly with royalties received under the Biosense Agreement. If the payments received by the Company under the Biosense Agreement are insufficient to pay all amounts of interest due on the loan, then such deficiency will increase the outstanding principal amount on the loan. After the loan obligation is repaid, the royalties under the Biosense Agreement will again be paid to the Company. The loan is also secured by certain assets and intellectual property of the Company. The agreement also contains customary affirmative and negative covenants. The use of payments due to the Company under the Biosense Agreement was approved by our primary lender.

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 505

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.19,20,22)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_DebtDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 54 R16.htm IDEA: XBRL DOCUMENT v3.2.0.727

Fair Value Measurements
6 Months Ended

Jun. 30, 2015

Fair Value Measurements [Abstract]

Fair Value Measurements

11. Fair Value Measurements

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including cash equivalents and warrants. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). The three levels of the fair value hierarchy are described below:

Level 1: Values are based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Values are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or other model-based valuation techniques for which all significant assumptions are observable in the market.

Level 3: Values are generated from model-based techniques that use significant assumptions not observable in the market.

The following table sets forth the Company’s assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. As required by the Fair Value Measurements and Disclosures topic of the Accounting Standards Codification, assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement.

Fair Value Measurement Using

Total

Quoted Prices in
Active Markets
for Identical
Instruments
(Level 1)

Significant
Other
Observable
Inputs
(Level 2)

Significant
Unobservable
Inputs
(Level 3)

Assets at June 30, 2015:

 Cash equivalents

$

1,019,571

1,019,571

—

—

Total assets at fair value

$

1,019,571

1,019,571

—

—

Liabilities at June 30, 2015:

 Warrants issued May 10, 2012

686,275

—

—

686,275

 Warrants issued August 2013

1,341,120

1,341,120

Total liabilities at fair value:

$

2,027,395

—

—

2,027,395

Assets at December 31, 2014:

 Cash equivalents

$

5,361,053

5,361,053

—

—

Total assets at fair value

$

5,361,053

5,361,053

—

—

Liabilities at December 31, 2014:

 Warrants issued May 10, 2012

$

728,712

—

—

728,712

 Warrants issued August 2013

1,405,475

—

—

1,405,475

Total liabilities at fair value:

$

2,134,187

—

—

2,134,187

Level 1

The Company’s financial assets consist of cash equivalents invested in money market funds in the amount of $1,019,571 and $5,361,053 at June 30, 2015 and December 31, 2014, respectively. These assets are classified as Level 1 as described above and total interest income recorded for these investments was insignificant during both the six month periods ended June 30, 2015, and June 30, 2014. There were no transfers in or out of Level 1 during the period ended June 30, 2015.

Level 2

The Company does not have any financial assets or liabilities classified as Level 2.

Level 3

In conjunction with the Company’s May 2012 and August 2013 financing transactions, the Company issued warrants to purchase shares of the Company’s common stock. Due to the provisions included in the warrant agreements, the warrants did not meet the exemptions for equity classification and as such, the Company accounts for these warrants as derivative instruments. The calculated fair value of the warrants is classified as a liability and is periodically re-measured with any changes in value recognized in “Other expense” in the Statements of Operations.

The remaining warrants from the May 2012 transaction expire in May 2018 and were revalued as of June 30, 2015 using the following assumptions: 1) volatility of 172.12%; 2) risk-free interest rate of 1.01%; and 3) a closing stock price of $1.44.

The remaining warrants from the August 2013 expire in November 2018 and were revalued as of June 30, 2015 using the following assumptions: 1) volatility of 165.18%; 2) risk-free interest rate of 1.01%; and 3) a closing stock price of $1.44.

The significant unobservable input used in the fair value measurement of the Company’s warrants is volatility. Significant increases (decreases) in the volatility in isolation would result in significantly higher (lower) liability fair value measurements.

The following table sets forth a summary of changes in the fair value of the Company’s Level 3 financial liabilities for the six month period ended June 30, 2015:

Warrants issued May 2012

Warrants issued August 2013

Total Liabilities

Balance at beginning of period

$ 728,712

$ 1,405,475

$ 2,134,187

 Settlements

-

-

-

 Revaluation

(42,437)

(64,355)

(106,792)

Balance at end of period

$ 686,275

$ 1,341,120

$ 2,027,395

The Company currently does not have derivative instruments to manage its exposure to currency fluctuations or other business risks. The Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. All derivative financial instruments are recognized in the balance sheet at fair value.

X

- References
No definition available.
+ Details

Name: us-gaap_FairValueDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 820

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 30

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 21

-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13537-108611

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 16

-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 825

-SubTopic 10

-Section 50

-Paragraph 10

-URI http://asc.fasb.org/extlink&oid=49121117&loc=d3e13433-108611

+ Details

Name: us-gaap_FairValueDisclosuresTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 55 R34.htm IDEA: XBRL DOCUMENT v3.2.0.727

Inventories (Schedule Of Inventories) (Details) - USD ($)

Jun. 30, 2015

Dec. 31, 2014

Inventories [Abstract]

Raw materials $ 2,387,027 $ 2,746,926

Work in process 249,022 374,236

Finished goods 2,896,623 3,310,375

Reserve for obsolescence (33,755) (59,634)

Total inventories $ 5,498,917 $ 6,371,903

X

- Definition
Amount before valuation and LIFO reserves of completed merchandise or goods expected to be sold within one year or operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.6(a)(1))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_InventoryFinishedGoods

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.6(a))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 330

-SubTopic 10

-Section 35

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=51655945&loc=d3e3927-108312

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

+ Details

Name: us-gaap_InventoryNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_InventoryNetAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount before valuation and LIFO reserves of raw materials expected to be sold, or consumed within one year or operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.6(a)(4))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_InventoryRawMaterials

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of valuation reserve for inventory.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 330

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SAB TOPIC 5.BB)

-URI http://asc.fasb.org/extlink&oid=27011343&loc=d3e100047-122729

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.6(a))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 4

-Subparagraph (SX 210.12-09)

-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e24092-122690

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 330

-SubTopic 10

-Section 35

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=51655945&loc=d3e3927-108312

+ Details

Name: us-gaap_InventoryValuationReserves

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Amount before valuation and LIFO reserves of merchandise or goods in the production process expected to be completed within one year or operating cycle, if longer.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.6(a)(3))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_InventoryWorkInProcess

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

XML 56 R21.htm IDEA: XBRL DOCUMENT v3.2.0.727

Summary of Significant Accounting Policies (Tables)
6 Months Ended

Jun. 30, 2015

Summary Of Significant Accounting Policies [Abstract]

Computation Of Basic And Diluted EPS

Three months ended June 30,

Six months ended June 30,

2015

2014

2015

2014

Numerator:

Numerator for basic EPS

$

(1,538,687)

$

(1,941,479)

$

(4,674,268)

$

(6,081,326)

Numerator for diluted EPS

$

(1,538,687)

$

(1,941,479)

$

(4,674,268)

$

(6,081,326)

Denominator:

Denominator for basic EPS—weighted average shares

21,007,103

19,631,469

20,871,244

19,483,603

Denominator for diluted EPS

21,007,103

19,631,469

20,871,244

19,483,603

Basic EPS

$

(0.07)

$

(0.10)

$

(0.22)

$

(0.31)

Diluted EPS

$

(0.07)

$

(0.10)

$

(0.22)

$

(0.31)

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name: us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 57 R26.htm IDEA: XBRL DOCUMENT v3.2.0.727

Deferred Revenue (Tables)
6 Months Ended

Jun. 30, 2015

Deferred Revenue [Abstract]

Schedule Of Deferred Revenue

June 30,

December 31,

2015

2014

Product shipped, revenue deferred

$ 210,360

$ 457,348

Customer deposits

41,779

1,065,371

Deferred service and license fees

6,947,167

6,111,616

7,199,306

7,634,335

Less: Long-term deferred revenue

(856,854)

(976,165)

Total current deferred revenue

$ 6,342,452

$ 6,658,170

X

- References
No definition available.
+ Details

Name: us-gaap_DeferredRevenueAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of the type of arrangements and the corresponding amounts that comprise the current and noncurrent balance of deferred revenue as of the balance sheet date.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 605

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SAB TOPIC 13.A.4(a).Q1)

-URI http://asc.fasb.org/extlink&oid=27012821&loc=d3e214044-122780

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 13

-Section A

+ Details

Name: us-gaap_DeferredRevenueByArrangementDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 58 R49.htm IDEA: XBRL DOCUMENT v3.2.0.727

Product Warranty Provisions (Schedule Of Accrued Warranty) (Details) - USD ($)
6 Months Ended 12 Months Ended

Jun. 30, 2015

Dec. 31, 2014

Product Warranty Provisions [Abstract]

Warranty accrual, beginning of the fiscal period $ 364,548 $ 501,212

Accrual adjustment for product warranty 29,774 84,402

Payments made (63,436) (221,066)

Warranty accrual, end of the fiscal period $ 330,886 $ 364,548

Standard product warranty, coverage term 1 year

X

- Definition
Standard product warranty, coverage term
+ References
No definition available.
+ Details

Name: stxs_StandardProductWarrantyCoverageTerm

Namespace Prefix: stxs_

Data Type: xbrli:durationItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_ProductWarrantiesDisclosuresAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-Subparagraph ((c)(5))

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15(5))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

Name: us-gaap_ProductWarrantyAccrual

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Represents the aggregate decrease in the liability related to payments to satisfy claims for standard and extended product warranties.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-Subparagraph ((c)(2))

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

+ Details

Name: us-gaap_ProductWarrantyAccrualPayments

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Represents the aggregate increase in the liability for accruals related to standard and extended product warranties issued during the reporting period.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-Subparagraph ((c)(3))

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

+ Details

Name: us-gaap_ProductWarrantyAccrualWarrantiesIssued

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

XML 59 R41.htm IDEA: XBRL DOCUMENT v3.2.0.727

Long-Term Debt And Credit Facilities (Healthcare Royalty Partners Debt) (Narrative) (Details) - Healthcare Royalty Partners Debt [Member] - USD ($)
$ in Millions
1 Months Ended 6 Months Ended

Jan. 31, 2013

Aug. 08, 2012

Nov. 30, 2011

Jun. 30, 2015

Debt Instrument [Line Items]

Amount borrowed $ 15.0

Additional amount which may be borrowed $ 5.0

Additional amount borrowed $ 2.5 $ 2.5

Percentage of royalties entitled to receive 100.00%

Debt maturity date Dec. 31, 2018

Annual interest rate 16.00%

X

- Definition
Additional amount borrowed
+ References
No definition available.
+ Details

Name: stxs_AdditionalAmountBorrowed

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of additional debt the company may borrow based on the achievement of certain milestones, as stated in the loan agreement
+ References
No definition available.
+ Details

Name: stxs_AdditionalIssuanceOfSecuredDebt

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Under the terms of the Agreement, the lender will be entitled to receive 100% of all royalties due to the Company under its royalty agreement until the loan is repaid
+ References
No definition available.
+ Details

Name: stxs_PercentageOfRoyaltiesToRepaySecuredDebt

Namespace Prefix: stxs_

Data Type: num:percentItemType

Balance Type: na

Period Type: duration

X

- Definition
Contractual interest rate for funds borrowed, under the debt agreement.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22(a)(1))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_DebtInstrumentInterestRateStatedPercentage

Namespace Prefix: us-gaap_

Data Type: num:percentItemType

Balance Type: na

Period Type: instant

X

- Definition
Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.
+ References
No definition available.
+ Details

Name: us-gaap_DebtInstrumentLineItems

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.22(a)(2))

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_DebtInstrumentMaturityDate

Namespace Prefix: us-gaap_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The cash inflow from amounts received from issuance of long-term debt that is wholly or partially secured by collateral. Excludes proceeds from tax exempt secured debt.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 14

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_ProceedsFromIssuanceOfSecuredDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Details

Name: us-gaap_DebtInstrumentAxis=stxs_CowenDebtMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 60 R5.htm IDEA: XBRL DOCUMENT v3.2.0.727

Statements Of Cash Flows - USD ($)
6 Months Ended

Jun. 30, 2015

Jun. 30, 2014

Cash flows from operating activities

Net loss $ (4,674,268) $ (6,081,326)

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

Depreciation 134,025 237,497

Amortization of intangibles 149,917 149,917

Amortization of deferred finance costs 111,018 126,535

Share-based compensation 637,246 739,807

Adjustment of warrants (106,792) (104,987)

Changes in operating assets and liabilities:

Accounts receivable (969,414) 1,122,271

Inventories 609,088 (1,177,346)

Prepaid expenses and other current assets 244,527 194,767

Other assets 67,541 130

Accounts payable (60,014) (356,938)

Accrued liabilities 497,625 (787,374)

Deferred revenue (435,029) 482,790

Other liabilities (409,358)

Net cash used in operating activities (4,203,888) (5,454,257)

Cash flows from investing activities

Purchase of equipment (52,410) (41,140)

Net cash used in investing activities (52,410) (41,140)

Cash flows from financing activities

Payments of Healthcare Royalty Partners debt (80,328) (24,290)

Proceeds from issuance of stock, net of issuance costs 695,598 2,342,275

Net cash provided by financing activities 615,270 2,317,985

Net decrease in cash and cash equivalents (3,641,028) (3,177,412)

Cash and cash equivalents at beginning of period 7,270,301 13,775,130

Cash and cash equivalents at end of period $ 3,629,273 $ 10,597,718

X

- References
No definition available.
+ Details

Name: us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of noncash expense included in interest expense to allocate debt discount and premium, and the costs to issue debt and obtain financing over the related debt instruments. Alternate captions include noncash interest expense.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_AmortizationOfFinancingCostsAndDiscounts

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 45

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 350

-SubTopic 30

-Section 50

-Paragraph 2

-Subparagraph (a)(2)

-URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275

+ Details

Name: us-gaap_AmortizationOfIntangibleAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash

-URI http://asc.fasb.org/extlink&oid=6506951

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 1

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6676-107765

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 4

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3044-108585

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Cash Equivalents

-URI http://asc.fasb.org/extlink&oid=6507016

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.1)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_CashAndCashEquivalentsAtCarryingValue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: instant

X

- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 830

-SubTopic 230

-Section 45

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=49171198&loc=d3e33268-110906

+ Details

Name: us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_Depreciation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
Amount of increase (decrease) in the fair value of derivatives recognized in the income statement.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4A

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5618551-113959

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 815

-SubTopic 10

-Section 50

-Paragraph 4C

-Subparagraph (a),(c),(d),(e)

-URI http://asc.fasb.org/extlink&oid=56946850&loc=SL5624171-113959

+ Details

Name: us-gaap_DerivativeGainLossOnDerivativeNet

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInAccountsPayable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInAccountsReceivable

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInAccruedLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInDeferredRevenue

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInInventories

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_IncreaseDecreaseInOperatingCapitalAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in other assets used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current assets, other noncurrent assets, or a combination of other current and noncurrent assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInOtherOperatingAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in other liabilities used in operating activities not separately disclosed in the statement of cash flows. May include changes in other current liabilities, other noncurrent liabilities, or a combination of other current and noncurrent liabilities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInOtherOperatingLiabilities

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 26

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3574-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 24

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3521-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 25

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3536-108585

+ Details

Name: us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: na

Period Type: duration

X

- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Net Income

-URI http://asc.fasb.org/extlink&oid=51831255

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.19)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 225

-SubTopic 10

-Section S99

-Paragraph 2

-Subparagraph (SX 210.5-03.18)

-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 225

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-04.22)

-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Other Comprehensive Income

-URI http://asc.fasb.org/extlink&oid=51831270

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 19

-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 04

-Paragraph 20

-Article 9

+ Details

Name: us-gaap_NetIncomeLoss

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash outflow for acquisition of machinery and equipment.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 13

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3213-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Investing Activities

-URI http://asc.fasb.org/extlink&oid=6516133

+ Details

Name: us-gaap_PaymentsToAcquireMachineryAndEquipment

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The cash inflow from the additional capital contribution to the entity.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 14

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3255-108585

+ Details

Name: us-gaap_ProceedsFromIssuanceOfCommonStock

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

X

- Definition
The cash outflow to repay long-term debt that is wholly or partially secured by collateral. Excludes repayments of tax exempt secured debt.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 15

-Subparagraph (b)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3291-108585

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Financing Activities

-URI http://asc.fasb.org/extlink&oid=6513228

+ Details

Name: us-gaap_RepaymentsOfSecuredDebt

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 230

-SubTopic 10

-Section 45

-Paragraph 28

-Subparagraph (a)

-URI http://asc.fasb.org/extlink&oid=56944662&loc=d3e3602-108585

+ Details

Name: us-gaap_ShareBasedCompensation

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: debit

Period Type: duration

XML 61 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727

Property And Equipment
6 Months Ended

Jun. 30, 2015

Property And Equipment [Abstract]

Property And Equipment

5. Property and Equipment

Property and equipment consist of the following:

June 30,

December 31,

2015

2014

Equipment

$ 8,363,433

$ 8,264,804

Equipment held for lease

303,412

303,412

Leasehold improvements

2,328,381

2,328,381

10,995,226

10,896,597

Less: Accumulated depreciation

(9,918,215)

(10,001,869)

Net property and equipment

$ 1,077,011

$ 894,728

X

- References
No definition available.
+ Details

Name: us-gaap_PropertyPlantAndEquipmentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.13-14)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2921-110230

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229

+ Details

Name: us-gaap_PropertyPlantAndEquipmentDisclosureTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 62 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727

Long-Term Debt And Credit Facilities (Tables)
6 Months Ended

Jun. 30, 2015

Long-Term Debt And Credit Facilities [Abstract]

Schedule Of Long-Term Debt Outstanding

June 30, 2015

December 31, 2014

Carrying

Estimated

Carrying

Estimated

Amount

Fair Value

Amount

Fair Value

Healthcare Royalty Partners debt

$ 18,308,436

18,308,436

$ 18,388,764

18,388,764

Total debt

18,308,436

18,308,436

18,388,764

18,388,764

Less current maturities

—

—

—

—

Total long term debt

$ 18,308,436

$ 18,308,436

$ 18,388,764

$ 18,388,764

X

- References
No definition available.
+ Details

Name: us-gaap_DebtDisclosureAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.
+ References
No definition available.
+ Details

Name: us-gaap_ScheduleOfDebtTableTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

XML 63 FilingSummary.xml IDEA: XBRL DOCUMENT 3.2.0.727 html 74 212 1 false 23 0 false 6 false false R1.htm 00090 - Document - Document And Entity Information Sheet http://www.stereotaxis.com/role/DocumentDocumentAndEntityInformation Document And Entity Information Cover 1 false false R2.htm 00100 - Statement - Balance Sheets Sheet http://www.stereotaxis.com/role/StatementBalanceSheets Balance Sheets Statements 2 false false R3.htm 00105 - Statement - Balance Sheets (Parenthetical) Sheet http://www.stereotaxis.com/role/StatementBalanceSheetsParenthetical Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00200 - Statement - Statements Of Operations Sheet http://www.stereotaxis.com/role/StatementStatementsOfOperations Statements Of Operations Statements 4 false false R5.htm 00400 - Statement - Statements Of Cash Flows Sheet http://www.stereotaxis.com/role/StatementStatementsOfCashFlows Statements Of Cash Flows Statements 5 false false R6.htm 10101 - Disclosure - Description Of Business Sheet http://www.stereotaxis.com/role/DisclosureDescriptionOfBusiness Description Of Business Notes 6 false false R7.htm 10201 - Disclosure - Summary Of Significant Accounting Policies Sheet http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPolicies Summary Of Significant Accounting Policies Notes 7 false false R8.htm 10301 - Disclosure - Inventories Sheet http://www.stereotaxis.com/role/DisclosureInventories Inventories Notes 8 false false R9.htm 10401 - Disclosure - Prepaid Expenses And Other Current Assets Sheet http://www.stereotaxis.com/role/DisclosurePrepaidExpensesAndOtherCurrentAssets Prepaid Expenses And Other Current Assets Notes 9 false false R10.htm 10501 - Disclosure - Property And Equipment Sheet http://www.stereotaxis.com/role/DisclosurePropertyAndEquipment Property And Equipment Notes 10 false false R11.htm 10601 - Disclosure - Intangible Assets Sheet http://www.stereotaxis.com/role/DisclosureIntangibleAssets Intangible Assets Notes 11 false false R12.htm 10701 - Disclosure - Accrued Liabilities Sheet http://www.stereotaxis.com/role/DisclosureAccruedLiabilities Accrued Liabilities Notes 12 false false R13.htm 10801 - Disclosure - Deferred Revenue Sheet http://www.stereotaxis.com/role/DisclosureDeferredRevenue Deferred Revenue Notes 13 false false R14.htm 10901 - Disclosure - Long-Term Debt And Credit Facilities Sheet http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilities Long-Term Debt And Credit Facilities Notes 14 false false R15.htm 11001 - Disclosure - Stockholders' Equity Sheet http://www.stereotaxis.com/role/DisclosureStockholdersEquity Stockholders' Equity Notes 15 false false R16.htm 11101 - Disclosure - Fair Value Measurements Sheet http://www.stereotaxis.com/role/DisclosureFairValueMeasurements Fair Value Measurements Notes 16 false false R17.htm 11201 - Disclosure - Product Warranty Provisions Sheet http://www.stereotaxis.com/role/DisclosureProductWarrantyProvisions Product Warranty Provisions Notes 17 false false R18.htm 11301 - Disclosure - Commitments And Contingencies Sheet http://www.stereotaxis.com/role/DisclosureCommitmentsAndContingencies Commitments And Contingencies Notes 18 false false R19.htm 11401 - Disclosure - Subsequent Events Sheet http://www.stereotaxis.com/role/DisclosureSubsequentEvents Subsequent Events Notes 19 false false R20.htm 20202 - Disclosure - Summary Of Significant Accounting Policies (Policy) Sheet http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicy Summary Of Significant Accounting Policies (Policy) Policies http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPolicies 20 false false R21.htm 30203 - Disclosure - Summary of Significant Accounting Policies (Tables) Sheet http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables Summary of Significant Accounting Policies (Tables) Tables 21 false false R22.htm 30303 - Disclosure - Inventories (Tables) Sheet http://www.stereotaxis.com/role/DisclosureInventoriesTables Inventories (Tables) Tables http://www.stereotaxis.com/role/DisclosureInventories 22 false false R23.htm 30403 - Disclosure - Prepaid Expenses And Other Current Assets (Tables) Sheet http://www.stereotaxis.com/role/DisclosurePrepaidExpensesAndOtherCurrentAssetsTables Prepaid Expenses And Other Current Assets (Tables) Tables http://www.stereotaxis.com/role/DisclosurePrepaidExpensesAndOtherCurrentAssets 23 false false R24.htm 30503 - Disclosure - Property And Equipment (Tables) Sheet http://www.stereotaxis.com/role/DisclosurePropertyAndEquipmentTables Property And Equipment (Tables) Tables http://www.stereotaxis.com/role/DisclosurePropertyAndEquipment 24 false false R25.htm 30703 - Disclosure - Accrued Liabilities (Tables) Sheet http://www.stereotaxis.com/role/DisclosureAccruedLiabilitiesTables Accrued Liabilities (Tables) Tables http://www.stereotaxis.com/role/DisclosureAccruedLiabilities 25 false false R26.htm 30803 - Disclosure - Deferred Revenue (Tables) Sheet http://www.stereotaxis.com/role/DisclosureDeferredRevenueTables Deferred Revenue (Tables) Tables http://www.stereotaxis.com/role/DisclosureDeferredRevenue 26 false false R27.htm 30903 - Disclosure - Long-Term Debt And Credit Facilities (Tables) Sheet http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilitiesTables Long-Term Debt And Credit Facilities (Tables) Tables http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilities 27 false false R28.htm 31003 - Disclosure - Stockholder's Equity (Tables) Sheet http://www.stereotaxis.com/role/DisclosureStockholderSEquityTables Stockholder's Equity (Tables) Tables 28 false false R29.htm 31103 - Disclosure - Fair Value Measurements (Tables) Sheet http://www.stereotaxis.com/role/DisclosureFairValueMeasurementsTables Fair Value Measurements (Tables) Tables http://www.stereotaxis.com/role/DisclosureFairValueMeasurements 29 false false R30.htm 31203 - Disclosure - Product Warranty Provisions (Tables) Sheet http://www.stereotaxis.com/role/DisclosureProductWarrantyProvisionsTables Product Warranty Provisions (Tables) Tables http://www.stereotaxis.com/role/DisclosureProductWarrantyProvisions 30 false false R31.htm 40101 - Disclosure - Description Of Business (Details) Sheet http://www.stereotaxis.com/role/DisclosureDescriptionOfBusinessDetails Description Of Business (Details) Details http://www.stereotaxis.com/role/DisclosureDescriptionOfBusiness 31 false false R32.htm 40201 - Disclosure - Summary Of Significant Accounting Policies (Narrative) (Details) Sheet http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPoliciesNarrativeDetails Summary Of Significant Accounting Policies (Narrative) (Details) Details http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPoliciesPolicy 32 false false R33.htm 40202 - Disclosure - Summary of Significant Accounting Policies (Computation Of Basic And Diluted EPS) (Details) Sheet http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPoliciesComputationOfBasicAndDilutedEpsDetails Summary of Significant Accounting Policies (Computation Of Basic And Diluted EPS) (Details) Details http://www.stereotaxis.com/role/DisclosureSummaryOfSignificantAccountingPoliciesTables 33 false false R34.htm 40301 - Disclosure - Inventories (Schedule Of Inventories) (Details) Sheet http://www.stereotaxis.com/role/DisclosureInventoriesScheduleOfInventoriesDetails Inventories (Schedule Of Inventories) (Details) Details http://www.stereotaxis.com/role/DisclosureInventoriesTables 34 false false R35.htm 40401 - Disclosure - Prepaid Expenses And Other Current Assets (Schedule Of Prepaid Expenses And Other Current Assets) (Details) Sheet http://www.stereotaxis.com/role/DisclosurePrepaidExpensesAndOtherCurrentAssetsScheduleOfPrepaidExpensesAndOtherCurrentAssetsDetails Prepaid Expenses And Other Current Assets (Schedule Of Prepaid Expenses And Other Current Assets) (Details) Details http://www.stereotaxis.com/role/DisclosurePrepaidExpensesAndOtherCurrentAssetsTables 35 false false R36.htm 40501 - Disclosure - Property And Equipment (Schedule Of Property And Equipment) (Details) Sheet http://www.stereotaxis.com/role/DisclosurePropertyAndEquipmentScheduleOfPropertyAndEquipmentDetails Property And Equipment (Schedule Of Property And Equipment) (Details) Details http://www.stereotaxis.com/role/DisclosurePropertyAndEquipmentTables 36 false false R37.htm 40601 - Disclosure - Intangible Assets (Details) Sheet http://www.stereotaxis.com/role/DisclosureIntangibleAssetsDetails Intangible Assets (Details) Details http://www.stereotaxis.com/role/DisclosureIntangibleAssets 37 false false R38.htm 40701 - Disclosure - Accrued Liabilities (Schedule Of Accrued Liabilities) (Details) Sheet http://www.stereotaxis.com/role/DisclosureAccruedLiabilitiesScheduleOfAccruedLiabilitiesDetails Accrued Liabilities (Schedule Of Accrued Liabilities) (Details) Details http://www.stereotaxis.com/role/DisclosureAccruedLiabilitiesTables 38 false false R39.htm 40801 - Disclosure - Deferred Revenue (Schedule Of Deferred Revenue) (Details) Sheet http://www.stereotaxis.com/role/DisclosureDeferredRevenueScheduleOfDeferredRevenueDetails Deferred Revenue (Schedule Of Deferred Revenue) (Details) Details http://www.stereotaxis.com/role/DisclosureDeferredRevenueTables 39 false false R40.htm 40901 - Disclosure - Long-Term Debt And Credit Facilities (Revolving Line Of Credit) (Narrative) (Details) Sheet http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilitiesRevolvingLineOfCreditNarrativeDetails Long-Term Debt And Credit Facilities (Revolving Line Of Credit) (Narrative) (Details) Details http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilitiesTables 40 false false R41.htm 40902 - Disclosure - Long-Term Debt And Credit Facilities (Healthcare Royalty Partners Debt) (Narrative) (Details) Sheet http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilitiesHealthcareRoyaltyPartnersDebtNarrativeDetails Long-Term Debt And Credit Facilities (Healthcare Royalty Partners Debt) (Narrative) (Details) Details http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilitiesTables 41 false false R42.htm 40903 - Disclosure - Long-Term Debt And Credit Facilities (Schedule Of Long-Term Debt Outstanding) (Details) Sheet http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilitiesScheduleOfLongTermDebtOutstandingDetails Long-Term Debt And Credit Facilities (Schedule Of Long-Term Debt Outstanding) (Details) Details http://www.stereotaxis.com/role/DisclosureLongTermDebtAndCreditFacilitiesTables 42 false false R43.htm 41001 - Disclosure - Stockholders' Equity (Narrative) (Details) Sheet http://www.stereotaxis.com/role/DisclosureStockholdersEquityNarrativeDetails Stockholders' Equity (Narrative) (Details) Details http://www.stereotaxis.com/role/DisclosureStockholdersEquity 43 false false R44.htm 41002 - Disclosure - Stockholders' Equity (Summary Of The Option And Stock Appreciation Rights Activity) (Details) Sheet http://www.stereotaxis.com/role/DisclosureStockholdersEquitySummaryOfOptionAndStockAppreciationRightsActivityDetails Stockholders' Equity (Summary Of The Option And Stock Appreciation Rights Activity) (Details) Details http://www.stereotaxis.com/role/DisclosureStockholdersEquity 44 false false R45.htm 41003 - Disclosure - Stockholders' Equity (Summary Of The Restricted Stock Unit Activity) (Details) Sheet http://www.stereotaxis.com/role/DisclosureStockholdersEquitySummaryOfRestrictedStockUnitActivityDetails Stockholders' Equity (Summary Of The Restricted Stock Unit Activity) (Details) Details http://www.stereotaxis.com/role/DisclosureStockholdersEquity 45 false false R46.htm 41101 - Disclosure - Fair Value Measurements (Narrative) (Details) Sheet http://www.stereotaxis.com/role/DisclosureFairValueMeasurementsNarrativeDetails Fair Value Measurements (Narrative) (Details) Details http://www.stereotaxis.com/role/DisclosureFairValueMeasurementsTables 46 false false R47.htm 41102 - Disclosure - Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis By Level) (Details) Sheet http://www.stereotaxis.com/role/DisclosureFairValueMeasurementsAssetsAndLiabilitiesMeasuredAtFairValueOnRecurringBasisByLevelDetails Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis By Level) (Details) Details http://www.stereotaxis.com/role/DisclosureFairValueMeasurementsTables 47 false false R48.htm 41103 - Disclosure - Fair Value Measurements (Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Liabilities) (Details) Sheet http://www.stereotaxis.com/role/DisclosureFairValueMeasurementsSummaryOfChangesInFairValueOfCompanySLevel3FinancialLiabilitiesDetails Fair Value Measurements (Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Liabilities) (Details) Details http://www.stereotaxis.com/role/DisclosureFairValueMeasurementsTables 48 false false R49.htm 41201 - Disclosure - Product Warranty Provisions (Schedule Of Accrued Warranty) (Details) Sheet http://www.stereotaxis.com/role/DisclosureProductWarrantyProvisionsScheduleOfAccruedWarrantyDetails Product Warranty Provisions (Schedule Of Accrued Warranty) (Details) Details http://www.stereotaxis.com/role/DisclosureProductWarrantyProvisionsTables 49 false false All Reports Book All Reports In ''Balance Sheets'', column(s) 3, 4 are contained in other reports, so were removed by flow through suppression. In ''Statements Of Cash Flows'', column(s) 1, 2 are contained in other reports, so were removed by flow through suppression. stxs-20150630.xml stxs-20150630_cal.xml stxs-20150630_def.xml stxs-20150630_lab.xml stxs-20150630_pre.xml stxs-20150630.xsd true true XML 64 R38.htm IDEA: XBRL DOCUMENT v3.2.0.727

Accrued Liabilities (Schedule Of Accrued Liabilities) (Details)
3 Months Ended 6 Months Ended

Sep. 30, 2013

USD ($)

ft²

Jun. 30, 2015

USD ($)

ft²

Dec. 31, 2014

USD ($)

Dec. 31, 2013

USD ($)

Accrued Liabilities [Abstract]

Accrued salaries, bonus, and benefits $ 2,492,485 $ 2,557,557

Accrued rent 1,393,916 1,407,740

Accrued license and maintenance fees 661,102 661,766

Accrued interest 491,461 493,616

Accrued warranties 330,886 364,548 $ 501,212

Accrued taxes 429,592 332,364

Other 208,895 102,479

Total accrued liabilities 6,008,337 5,920,070

Less: Long term accrued liabilities (5,570) (414,928)

Total current accrued liabilities $ 6,002,767 $ 5,505,142

Square feet of office leased space | ft² 52,000

Square feet of demonstration and assembly leased space | ft² 12,000

Square feet of terminated unimproved space leased space | ft² 13,000

Accrued lease termination costs $ 515,138

Accrued lease termination costs remaining $ 319,736

X

- Definition
Accrued lease termination costs
+ References
No definition available.
+ Details

Name: stxs_AccruedLeaseTerminationCosts

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: duration

X

- Definition
Accrued Lease Termination Costs Remaining
+ References
No definition available.
+ Details

Name: stxs_AccruedLeaseTerminationCostsRemaining

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for license and maintenance fees. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
No definition available.
+ Details

Name: stxs_AccruedLicenseAndMaintenanceFees

Namespace Prefix: stxs_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Square feet of demonstation and assembly leased space.
+ References
No definition available.
+ Details

Name: stxs_SquareFeetOfDemonstationAndAssemblyLeasedSpace

Namespace Prefix: stxs_

Data Type: num:areaItemType

Balance Type: na

Period Type: duration

X

- Definition
Square feet of office leased space.
+ References
No definition available.
+ Details

Name: stxs_SquareFeetOfOfficeLeasedSpace

Namespace Prefix: stxs_

Data Type: num:areaItemType

Balance Type: na

Period Type: duration

X

- Definition
Square feet of terminated unimproved space leased space.
+ References
No definition available.
+ Details

Name: stxs_SquareFeetOfTerminatedUnimprovedSpaceLeasedSpace

Namespace Prefix: stxs_

Data Type: num:areaItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all domestic and foreign income tax obligations due. This amount is the total of current and noncurrent accrued income taxes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 15

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.15(b))

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15)

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 15

-Subparagraph b(1)

-Article 7

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 15

-Subparagraph 1

-Article 9

+ Details

Name: us-gaap_AccruedIncomeTaxes

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_AccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15(5))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 944

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.7-03.15(a))

-URI http://asc.fasb.org/extlink&oid=6879938&loc=d3e572229-122910

+ Details

Name: us-gaap_AccruedLiabilitiesCurrentAndNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- References
No definition available.
+ Details

Name: us-gaap_AccruedLiabilitiesCurrentAndNoncurrentAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for contractual rent under lease arrangements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Current Liabilities

-URI http://asc.fasb.org/extlink&oid=6509677

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6911-107765

+ Details

Name: us-gaap_AccruedRentCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_EmployeeRelatedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Current Liabilities

-URI http://asc.fasb.org/extlink&oid=6509677

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e7018-107765

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

+ Details

Name: us-gaap_InterestPayableCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e7018-107765

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Current Liabilities

-URI http://asc.fasb.org/extlink&oid=6509677

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 6

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6911-107765

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section 45

-Paragraph 8

-URI http://asc.fasb.org/extlink&oid=28358313&loc=d3e6935-107765

Reference 5: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.20)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_OtherAccruedLiabilitiesCurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Aggregate carrying amount, as of the balance sheet date, of noncurrent obligations not separately disclosed in the balance sheet. Noncurrent liabilities are expected to be paid after one year (or the normal operating cycle, if longer).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.24)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

+ Details

Name: us-gaap_OtherLiabilitiesNoncurrent

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

X

- Definition
Carrying value as of the balance sheet date of obligations incurred through that date and payable for estimated claims under standard and extended warranty protection rights granted to customers.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 460

-SubTopic 10

-Section 50

-Paragraph 8

-Subparagraph ((c)(5))

-URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 942

-SubTopic 210

-Section S99

-Paragraph 1

-Subparagraph (SX 210.9-03.15(5))

-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

Name: us-gaap_ProductWarrantyAccrual

Namespace Prefix: us-gaap_

Data Type: xbrli:monetaryItemType

Balance Type: credit

Period Type: instant

XML 65 R20.htm IDEA: XBRL DOCUMENT v3.2.0.727

Summary Of Significant Accounting Policies (Policy)
6 Months Ended

Jun. 30, 2015

Summary Of Significant Accounting Policies [Abstract]

Basis Of Presentation

Basis of Presentation

The accompanying unaudited financial statements of Stereotaxis, Inc. have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q. Accordingly, they do not include all the disclosures required by U.S. generally accepted accounting principles for complete financial statements. In the opinion of management, they include all adjustments, consisting only of normal recurring adjustments, necessary for a fair presentation of the results for the interim periods presented. Operating results for the six month period ended June 30, 2015 are not necessarily indicative of the results that may be expected for the year ended December 31, 2015 or for future operating periods.

These interim financial statements and the related notes should be read in conjunction with the annual financial statements and notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 as filed with the Securities and Exchange Commission (SEC) on March 16, 2015.

Financial Instruments

Financial Instruments

Financial instruments consist of cash and cash equivalents, short-term investments, accounts receivable, accounts payable and debt. The carrying value of such amounts reported at the applicable balance sheet dates approximates fair value. See Note 9 for disclosure of the fair value of debt.

The Company measures certain financial assets and liabilities at fair value on a recurring basis, including warrants and debt conversion features. General accounting principles for fair value measurement established a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets and liabilities (“Level 1”) and the lowest priority to unobservable inputs (“Level 3”). See Note 11 for additional details.

Revenue And Costs Of Revenue

Revenue and Costs of Revenue

The Company accounts for revenue using Accounting Standards Codification Topic 605-25, Multiple-Element Arrangements (“ASC 605-25”).

ASC 605-25 permits management to estimate the selling price of undelivered components of a bundled sale for which it is unable to establish vendor-specific objective evidence (“VSOE”) or third-party evidence (“TPE”). This requires management to record revenue for certain elements of a transaction even though it might not have delivered other elements of the transaction, for which it was unable to meet the requirements for establishing VSOE or TPE. The Company believes that the guidance significantly improves the reporting of these types of transactions to more closely reflect the underlying economic circumstances. This guidance also prohibits the use of the residual method for allocating revenue to the various elements of a transaction and requires that the revenue be allocated proportionally based on the relative estimated selling prices.

Under our revenue recognition policy, a portion of revenue for Niobe systems, Vdrive systems and certain Odyssey systems is recognized upon delivery, provided that title has passed, there are no uncertainties regarding acceptance, persuasive evidence of an arrangement exists, the sales price is fixed and determinable, and collection of the related receivable is reasonably assured. Revenue is recognized for other types of Odyssey systems upon completion of installation, since there are no qualified third party installers. When installation is the responsibility of the customer, revenue from system sales is recognized upon shipment since these arrangements do not include an installation element or right of return privileges. The Company does not recognize revenue in situations in which inventory remains at a Stereotaxis warehouse or in situations in which title and risk of loss have not transferred to the customer. Amounts collected prior to satisfying the above revenue recognition criteria are reflected as deferred revenue. Revenue from services and license fees, whether sold individually or as a separate unit of accounting in a multiple-deliverable arrangement, is deferred and amortized over the service or license fee period, which is typically one year. Revenue from services is derived primarily from the sale of annual product maintenance plans. We recognize revenue from disposable device sales or accessories upon shipment and establish an appropriate reserve for returns. The return reserve, which is applicable only to disposable devices, is estimated based on historical experience which is periodically reviewed and updated as necessary. In the past, changes in estimate have had only a de minimis effect on revenue recognized in the period. We believe that the estimate is not likely to change significantly in the future.

Costs of systems revenue include direct product costs, installation labor and other costs, estimated warranty costs, and initial training and product maintenance costs. These costs are recorded at the time of sale. Costs of disposable revenue include direct product costs and estimated warranty costs and are recorded at the time of sale. Cost of revenue from services and license fees are recorded when incurred.

Share-Based Compensation

Share-Based Compensation

The Company accounts for its grants of stock options, stock appreciation rights, restricted shares, and restricted stock units and for its employee stock purchase plan in accordance with the provisions of general accounting principles for share-based payments. These accounting principles require the determination of the fair value of the share-based compensation at the grant date and the recognition of the related expense over the period in which the share-based compensation vests.

The Company utilizes the Black-Scholes valuation model to determine the fair value of stock options and stock appreciation rights at the date of grant. The resulting compensation expense is recognized over the requisite service period, which is generally four years. Compensation expense is recognized only for those awards expected to vest, with forfeitures estimated based on the Company’s historical experience and future expectations. Restricted shares granted to employees are valued at the fair market value at the date of grant. The Company amortizes the fair market value to expense over the service period. If the shares are subject to performance objectives, the resulting compensation expense is amortized over the anticipated vesting period and is subject to adjustment based on the actual achievement of objectives.

Net Earnings (Loss) Per Common Share ("EPS")

Net Earnings (Loss) per Common Share (“EPS”)

Basic and diluted net earnings (loss) per common share are computed by dividing the net income (loss) for the period by the weighted average number of common shares outstanding during the period.

The following table sets forth the computation of basic and diluted EPS:

Three months ended June 30,

Six months ended June 30,

2015

2014

2015

2014

Numerator:

Numerator for basic EPS

$

(1,538,687)

$

(1,941,479)

$

(4,674,268)

$

(6,081,326)

Numerator for diluted EPS

$

(1,538,687)

$

(1,941,479)

$

(4,674,268)

$

(6,081,326)

Denominator:

Denominator for basic EPS—weighted average shares

21,007,103

19,631,469

20,871,244

19,483,603

Denominator for diluted EPS

21,007,103

19,631,469

20,871,244

19,483,603

Basic EPS

$

(0.07)

$

(0.10)

$

(0.22)

$

(0.31)

Diluted EPS

$

(0.07)

$

(0.10)

$

(0.22)

$

(0.31)

In addition, the Company did not include any portion of unearned restricted shares, outstanding options, stock appreciation rights or warrants in the calculation of diluted loss per common share because all such securities are anti-dilutive for the six months ended June 30, 2015 and the six months ended June 30, 2014. The application of the two-class method of computing earnings per share under general accounting principles for participating securities is not applicable during these periods because the Company’s unearned restricted shares do not contractually participate in its losses.

As of June 30, 2015, the Company had 749,166 shares of common stock issuable upon the exercise of outstanding options and stock appreciation rights at a weighted average exercise price of $9.96 per share, 2,131,476 shares of common stock issuable upon the exercise of outstanding warrants at a weighted average exercise price of $4.99 per share, and 805,754 shares of unvested restricted share units. The Company had no unearned restricted shares outstanding for the six months ended June 30, 2015.

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU” or “Update”) No. 2015-03, “Interest—Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs”. To simplify the presentation of debt issuance costs, the amendments in this Update require that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from that debt liability, consistent with the presentation of a debt discount. The Standard is effective for financial statements issued for fiscal years beginning after December 15, 2015, and interim periods within those fiscal years. Early adoption of the amendments in this Update is permitted for financial statements that have not been previously issued. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method.

In August 2014, the FASB issued ASU No. 2014-15, to communicate amendments to FASB Account Standards Codification Subtopic 205-40, “Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. The ASU requires management to evaluate relevant conditions, events and certain management plans that are known or reasonably knowable as of the evaluation date when determining whether substantial doubt about an entity’s ability to continue as a going concern exists. Management will be required to make this evaluation for both annual and interim reporting periods. Management will have to make certain disclosures if it concludes that substantial doubt exists and when it plans to alleviate substantial doubt about the entity’s ability to continue as a going concern. The standard is effective for annual periods ending after December 15, 2016 and for interim reporting periods starting in the first quarter of 2017. Early adoption is permitted. We are currently evaluating the impact of adopting this accounting standard update on our financial statement disclosures and have not concluded on an adoption method.

In May 2014, the FASB issued ASU No. 2014-09, "Revenue from Contracts with Customers" which converges the FASB's and the International Accounting Standards Board's current standards on revenue recognition. The standard provides companies with a single model to use in accounting for revenue arising from contracts with customers and supersedes current revenue guidance. The standard is effective for annual and interim periods beginning after December 15, 2016. Early adoption is not permitted. The standard permits companies to either apply the adoption to all periods presented, or apply the requirements in the year of adoption through a cumulative adjustment. In April 2015, the FASB issued an exposure draft related to the deferral of the effective date, which would delay our effective date one year. Therefore, the standard would be effective for annual and interim periods beginning after December 15, 2017. We are currently evaluating the impact of adopting this accounting standard update on our financial statements and disclosures and have not concluded on an adoption method.

X

- Definition
Revenue Recognition And Cost Of Revenue Policy [Text Block]
+ References
No definition available.
+ Details

Name: stxs_RevenueRecognitionAndCostOfRevenuePolicyTextBlock

Namespace Prefix: stxs_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: us-gaap_AccountingPoliciesAbstract

Namespace Prefix: us-gaap_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS).
+ References
No definition available.
+ Details

Name: us-gaap_BasisOfAccountingPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 1

-Subparagraph (c)

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 260

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3630-109257

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790

+ Details

Name: us-gaap_EarningsPerSharePolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for fair value measurements of financial and non-financial assets, liabilities and instruments classified in shareholders' equity. Disclosures include, but are not limited to, how an entity that manages a group of financial assets and liabilities on the basis of its net exposure measures the fair value of those assets and liabilities.
+ References
No definition available.
+ Details

Name: us-gaap_FairValueMeasurementPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact.
+ References
No definition available.
+ Details

Name: us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclosure of accounting policy for stock option and stock incentive plans. This disclosure may include (1) the types of stock option or incentive plans sponsored by the entity (2) the groups that participate in (or are covered by) each plan (3) significant plan provisions and (4) how stock compensation is measured, and the methodologies and significant assumptions used to determine that measurement.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=51655414&loc=d3e18780-107790

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (b),(f)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name: us-gaap_ShareBasedCompensationOptionAndIncentivePlansPolicy

Namespace Prefix: us-gaap_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

Large accelerated filer

Accelerated filer

Non-accelerated filer

¨ (Do not check if a smaller reporting company)

Smaller reporting company

Fair Value Measurements (Summary Of Changes In The Fair Value Of The Company's Level 3 Financial Liabilities) (Details)	6 Months Ended
	Jun. 30, 2015 USD ($)
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Liabilities, Balance at beginning of period	$ 2,134,187
Liabilities, Settlements
Liabilities, Revaluation	$ (106,792)
Liabilities, Balance at end of period	2,027,395
Warrants Issued May 10, 2012 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Liabilities, Balance at beginning of period	$ 728,712
Liabilities, Settlements
Liabilities, Revaluation	$ (42,437)
Liabilities, Balance at end of period	686,275
Warrants Issued August 2013 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Liabilities, Balance at beginning of period	$ 1,405,475
Liabilities, Settlements
Liabilities, Revaluation	$ (64,355)
Liabilities, Balance at end of period	$ 1,341,120

Fair Value Measurements (Narrative) (Details) - USD ($)	6 Months Ended
Fair Value Measurements (Narrative) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents invested in money market funds	$ 1,019,571	$ 5,361,053
Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Cash equivalents invested in money market funds	$ 1,019,571	$ 5,361,053
Significant Unobservable Inputs (Level 3) [Member] \| Warrants Issued May 10, 2012 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrant expiration date	May 01, 2018
Volatility rate	172.12%
Risk-free interest rate	1.01%
Closing stock price	$ 1.44
Significant Unobservable Inputs (Level 3) [Member] \| Warrants Issued August 2013 [Member]
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques [Line Items]
Warrant expiration date	Nov. 01, 2018
Volatility rate	165.18%
Risk-free interest rate	1.01%
Closing stock price	$ 1.44

Summary of Significant Accounting Policies (Computation Of Basic And Diluted EPS) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Summary Of Significant Accounting Policies [Abstract]
Numerator for basic EPS	$ (1,538,687)	$ (1,941,479)	$ (4,674,268)	$ (6,081,326)
Numerator for diluted EPS	$ (1,538,687)	$ (1,941,479)	$ (4,674,268)	$ (6,081,326)
Denominator for basic EPS - weighted average shares	21,007,103	19,631,469	20,871,244	19,483,603
Denominator for diluted EPS	21,007,103	19,631,469	20,871,244	19,483,603
Basic EPS	$ (0.07)	$ (0.10)	$ (0.22)	$ (0.31)
Diluted EPS	$ (0.07)	$ (0.10)	$ (0.22)	$ (0.31)

Long-Term Debt And Credit Facilities (Schedule Of Long-Term Debt Outstanding) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total long term debt	$ 18,308,436	$ 18,388,764
Carrying Amount [Member]
Debt Instrument [Line Items]
Total debt	$ 18,308,436	$ 18,388,764
Less current maturities
Total long term debt	$ 18,308,436	$ 18,388,764
Estimated Fair Value [Member]
Debt Instrument [Line Items]
Total debt	$ 18,308,436	$ 18,388,764
Less current maturities
Total long term debt	$ 18,308,436	$ 18,388,764
Healthcare Royalty Partners Debt [Member] \| Carrying Amount [Member]
Debt Instrument [Line Items]
Total debt	18,308,436	18,388,764
Healthcare Royalty Partners Debt [Member] \| Estimated Fair Value [Member]
Debt Instrument [Line Items]
Total debt	$ 18,308,436	$ 18,388,764

Intangible Assets (Details)	Jun. 30, 2015 USD ($)
Intangible Assets [Abstract]
Total intangible assets	$ 3,665,000
Accumulated amortization	$ 2,435,264

Fair Value Measurements (Assets And Liabilities Measured At Fair Value On A Recurring Basis By Level) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	$ 1,019,571	$ 5,361,053
Total assets at fair value	1,019,571	5,361,053
Warrants issued	2,027,395	2,134,187
Total liabilities at fair value	2,027,395	2,134,187
Warrants Issued May 10, 2012 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants issued	686,275	728,712
Warrants Issued August 2013 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants issued	1,341,120	1,405,475
Quoted Prices In Active Markets For Identical Instruments (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents	1,019,571	5,361,053
Total assets at fair value	$ 1,019,571	$ 5,361,053
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents
Total assets at fair value
Total liabilities at fair value
Significant Other Observable Inputs (Level 2) [Member] \| Warrants Issued May 10, 2012 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants issued
Significant Other Observable Inputs (Level 2) [Member] \| Warrants Issued August 2013 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants issued
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities at fair value	$ 2,027,395	$ 2,134,187
Significant Unobservable Inputs (Level 3) [Member] \| Warrants Issued May 10, 2012 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants issued	686,275	728,712
Significant Unobservable Inputs (Level 3) [Member] \| Warrants Issued August 2013 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrants issued	$ 1,341,120	$ 1,405,475

Stockholders' Equity (Narrative) (Details)			1 Months Ended	3 Months Ended	6 Months Ended
Stockholders' Equity (Narrative) (Details)	Jun. 10, 2014 shares	Jun. 05, 2013 shares	May. 31, 2014 USD ($)	Jun. 30, 2015 USD ($) $ / shares shares	Jun. 30, 2015 USD ($) $ / shares item shares	Dec. 31, 2014 shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Votes per share \| item					1
Dividends declared				$ 0	$ 0
Dividends paid					$ 0
Aggregate gross sales price			$ 18,000,000
Commission percentage of gross proceeds			3.00%
Aggregate shares of common stock sold \| shares				71,754
Average price per share \| $ / shares				$ 1.97	$ 1.97
Gross proceeds from common stock sold				$ 141,497
Net proceeds from common stock sold				137,253
Remaining common stock available				$ 14,100,000	$ 14,100,000
2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in number of shares authorized for issuance under the Plan \| shares	1,000,000	1,000,000
Remaining shares of Company's common stock to provide for current and future grants under its various equity plans \| shares				699,995	699,995
Total compensation cost related to options, stock appreciation rights and non-vested stock granted to employees not yet recognized				$ 2,300,000	$ 2,300,000
Estimated forfeitures					$ 1,200,000
Amortization period of total compensation cost related to options, stock appreciation rights and non-vested stock granted to employees not yet recognized					4 years
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares outstanding \| shares				805,754	805,754	697,751
Restricted Stock [Member] \| 2012 Stock Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares outstanding \| shares				0	0

Stockholders' Equity (Summary Of The Option And Stock Appreciation Rights Activity) (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options/SARs, Outstanding, December 31, 2014	487,146
Number of Options/SARs, Granted	330,850
Number of Options/SARs, Exercised
Number of Options/SARs, Forfeited	(68,830)
Number of Options/SARs, Outstanding, June 30, 2015	749,166	487,146
Weighted Average Exercise Price per Share, Outstanding, December 31, 2014	$ 17.21
Weighted Average Exercise Price per Share, Granted	$ 2.11
Weighted Average Exercise Price per Share, Exercised
Weighted Average Exercise Price per Share, Forfeited	$ 23.58
Weighted Average Exercise Price per Share, Outstanding, June 30, 2015	$ 9.96	$ 17.21
Range of Exercise Price, Lower limit
$1.69 - $116.40 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower limit		1.69
Range of Exercise Price, Upper limit		$ 116.40
$1.88 - $2.15 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower limit	$ 1.88
Range of Exercise Price, Upper limit	2.15
$1.69 - $91.90 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower limit	1.69
Range of Exercise Price, Upper limit	91.90
$1.74 - $116.40 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Price, Lower limit	1.74
Range of Exercise Price, Upper limit	$ 116.40

Description Of Business (Details)	Jun. 30, 2015 USD ($) item	Dec. 31, 2014 USD ($)
Description Of Business [Abstract]
Installed base	123
Cumulative net losses incurred since inception \| $	$ (463,280,171)	$ (458,605,903)

Long-Term Debt And Credit Facilities (Revolving Line Of Credit) (Narrative) (Details) - Jun. 30, 2015 - Revolving Credit Facility [Member] $ in Millions	USD ($)
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10.0
Line of credit maturity date	Mar. 31, 2018
Minimum tangible net worth requirement, period one	$ (21.5)
Minimum tangible net worth requirement, period two	(22.5)
Minimum tangible net worth requirement, period three	(23.5)
Minimum tangible net worth requirement, period four	(24.5)
Line of credit facility, amount outstanding	0.0
Line of credit facility, current borrowing capacity	$ 6.0
Minimum [Member]
Line of Credit Facility [Line Items]
Liquidity ratio	1.50

Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 3,629,273	$ 7,270,301
Accounts receivable, net of allowance of $119,620 and $131,464 in 2015 and 2014, respectively	7,449,913	6,480,499
Inventories	5,498,917	6,371,903
Prepaid expenses and other current assets	739,292	1,094,837
Total current assets	17,317,395	21,217,540
Property and equipment, net	1,077,011	894,728
Intangible assets, net	1,229,736	1,379,653
Other assets	321,309	388,850
Total assets	19,945,451	23,880,771
Current liabilities:
Accounts payable	2,293,119	2,353,133
Accrued liabilities	6,002,767	5,505,142
Deferred revenue	6,342,452	6,658,170
Warrants	2,027,395	2,134,187
Total current liabilities	16,665,733	16,650,632
Long-term debt, less current maturities	18,308,436	18,388,764
Long-term deferred revenue	856,854	976,165
Other liabilities	$ 5,570	$ 414,928
Stockholders' deficit:
Preferred stock, par value $0.001; 10,000,000 shares authorized, none outstanding at 2015 and 2014
Common stock, par value $0.001; 300,000,000 shares authorized, 21,066,848 and 20,480,874 shares issued at 2015 and 2014, respectively	$ 21,067	$ 20,481
Additional paid in capital	447,573,961	446,241,703
Treasury stock, 4,015 shares at 2015 and 2014	(205,999)	(205,999)
Accumulated deficit	(463,280,171)	(458,605,903)
Total stockholders' deficit	(15,891,142)	(12,549,718)
Total liabilities and stockholders' deficit	$ 19,945,451	$ 23,880,771

Stockholders' Equity (Summary Of The Restricted Stock Unit Activity) (Details) - 6 months ended Jun. 30, 2015 - Restricted Stock Units [Member] - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Restricted Shares Units, Outstanding, December 31, 2014	697,751
Number of Restricted Shares Units, Granted	370,700
Number of Restricted Shares Units, Vested	(197,800)
Number of Restricted Shares Units, Forfeited	(64,897)
Number of Restricted Shares Units, Outstanding, June 30, 2015	805,754
Weighted Average Grant Date Fair Value per Unit, Outstanding, December 31, 2014	$ 3.14
Weighted Average Grant Date Fair Value per Unit, Granted	2.07
Weighted Average Grant Date Fair Value per Unit, Vested	3.36
Weighted Average Grant Date Fair Value per Unit, Forfeited	2.82
Weighted Average Grant Date Fair Value per Unit, Outstanding, June 30, 2015	$ 2.62

Description Of Business	6 Months Ended
Description Of Business	Jun. 30, 2015
Description Of Business [Abstract]
Description Of Business	1. Description of Business Stereotaxis designs, manufactures, and markets the Epoch® Solution, an advanced remote robotic navigation system for use in a hospital’s interventional surgical suite or “interventional lab”, that we believe revolutionizes the treatment of arrhythmias and coronary artery disease by enabling enhanced safety, efficiency, and efficacy for catheter-based or interventional procedures. The Epoch Solution is comprised of the Niobe® ES Magnetic Navigation System (“Niobe ES system”), Odyssey® Information Management Solution (“Odyssey Solution”), and the Vdrive® Robotic Navigation System (“Vdrive system”) and related devices. The Niobe ES system is designed to enable physicians to complete more complex interventional procedures by providing image-guided delivery of catheters and guidewires through the blood vessels and chambers of the heart to treatment sites. This is achieved using externally applied magnetic fields that govern the motion of the working tip of the catheter or guidewire, resulting in improved navigation, efficient procedures, and reduced X-ray exposure. In addition to the Niobe ES system and its components, Stereotaxis has also developed the Odyssey Solution, which consolidates all lab information, enabling doctors to focus on the patient for optimal procedure efficiency. The platform also features a remote viewing and recording capability called the Odyssey Cinema™ system, an innovative system delivering synchronized content for optimized workflow, advanced care, and improved productivity. This tool includes an archiving capability that allows clinicians to store and replay entire procedures or segments of procedures. This information can be accessed from locations throughout the hospital’s local area network and over the global Odyssey Network, providing physicians with a tool for clinical collaboration, remote consultation, and training. Our Vdrive system provides navigation and stability for diagnostic and therapeutic devices designed to improve interventional procedures. The Vdrive system complements the Niobe ES system’s control of therapeutic catheters for fully remote procedures and enables single-operator workflow. It is sold as two options, the Vdrive system and the Vdrive Duo™ system. In addition to the Vdrive system and the Vdrive Duo system, we also manufacture and market various disposable components which can be manipulated by these systems. We promote the full Epoch Solution in a typical hospital implementation, subject to regulatory approvals or clearances. The full Epoch Solution implementation requires a hospital to agree to an upfront capital payment and recurring payments. The upfront capital payment typically includes equipment and installation charges. The recurring payments typically include disposable costs for each procedure, equipment service costs beyond the warranty period, and software licenses. In hospitals where the full Epoch Solution has not been implemented, equipment upgrade or expansion may be implemented upon purchase of the necessary components. As of June 30, 2015, the Company has an installed base of 123 Niobe ES systems. The core components of Stereotaxis’ systems have received regulatory clearance in the United States, European Union, Canada, China, Japan and various other countries. We have received the CE Mark that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop and V-Sono devices in Europe. In addition, we have received licensing to market the Vdrive and Vdrive Duo systems with the V-CAS, V-CAS Deflect, V-Loop, and V-Sono devices in Canada. We have received regulatory clearance that allows us to market the Vdrive and Vdrive Duo systems with the V-CAS, V-Loop, and V-Sono devices in the United States. We have received Food and Drug Administration (“FDA”) clearance and the CE Mark necessary for us to market our suite of Pegasus™ coronary peripheral guidewires in the United States and Europe. Since our inception, we have generated significant losses. As of June 30, 2015, we incurred cumulative net losses of approximately $463.3 million. In 2015, the Company plans to continue developing the Niobe ES system with the goal of furthering clinical adoption. Although we achieved an operating profit in the fourth quarter 2014, we expect to have negative cash flow from operations into 2015 as we continue the development and commercialization of our products, conduct our research and development activities, advance new products into clinical development from our existing research programs, and fund additional sales and marketing initiatives. During 2015, we expect operating expenses to be generally consistent with 2014 with additional investment in certain targeted areas. We may be required to raise capital or pursue other financing strategies to continue our operations. Until we can generate significant cash flow from our operations, we expect to continue to fund our operations with cash resources primarily generated from the proceeds of our past and future public offerings, private sales of our equity securities, and loans collateralized by working capital and equipment. We continue to explore financing alternatives, which may include the sale of equity securities or non-core assets, strategic collaboration agreements, debt financings, or distribution rights. We cannot accurately predict the timing and amount of our utilization of capital, which will depend on a number of factors outside of our control. Our existing cash, cash equivalents, and borrowing facilities may not be sufficient to fund our operating expenses and capital equipment requirements through the next 12 months, which would require us to obtain additional financing. We cannot assure that additional financing will be available on acceptable terms or that such financing will not be dilutive to our stockholders. If adequate funds are not available to us, we could be required to delay development or commercialization of new products, to license to third parties the rights to commercialize products or technologies that we would otherwise seek to commercialize ourselves, or to reduce the sales, marketing, customer support or other resources devoted to our products, any of which could have a material adverse effect on our business, financial condition, and operational results. In addition, we could be required to cease operations.

Prepaid Expenses And Other Current Assets (Schedule Of Prepaid Expenses And Other Current Assets) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Prepaid Expenses And Other Current Assets [Abstract]
Prepaid expenses	$ 362,592	$ 679,740
Deferred financing costs	486,642	492,385
Deposits	143,597	311,562
Deferred cost of revenue	67,770
Total prepaid expenses and other assets	1,060,601	1,483,687
Less: Noncurrent prepaid expenses and other assets	(321,309)	(388,850)
Total prepaid expenses and other current assets	$ 739,292	$ 1,094,837

Property And Equipment (Schedule Of Property And Equipment) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 10,995,226	$ 10,896,597
Less: Accumulated depreciation	(9,918,215)	(10,001,869)
Net property and equipment	1,077,011	894,728
Equipment [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	8,363,433	8,264,804
Equipment Held For Lease [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	303,412	303,412
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Gross property and equipment	$ 2,328,381	$ 2,328,381

Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Balance Sheets [Abstract]
Accounts receivable, allowance	$ 119,620	$ 131,464
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	21,066,848	20,480,874
Treasury stock, shares	4,015	4,015

Document And Entity Information - shares	6 Months Ended
Document And Entity Information - shares	Jun. 30, 2015	Jul. 15, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2015
Entity Registrant Name	Stereotaxis, Inc.
Entity Central Index Key	0001289340
Current Fiscal Year End Date	--12-31
Trading Symbol	stxs
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		21,067,198

Commitments And Contingencies	6 Months Ended
Commitments And Contingencies	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	13. Commitments and Contingencies The Company at times becomes a party to claims in the ordinary course of business. Management believes that the ultimate resolution of pending or threatened proceedings will not have a material effect on the financial position, results of operations or liquidity of the Company.

Statements Of Operations - USD ($)	3 Months Ended		6 Months Ended
Statements Of Operations - USD ($)	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenue:
Systems	$ 3,092,935	$ 1,153,282	$ 5,924,113	$ 2,488,136
Disposables, service and accessories	6,571,315	6,894,255	13,271,163	13,914,071
Total revenue	9,664,250	8,047,537	19,195,276	16,402,207
Cost of revenue:
Systems	1,849,275	1,080,785	3,249,542	1,640,212
Disposables, service and accessories	1,093,988	903,977	2,324,359	1,963,634
Total cost of revenue	2,943,263	1,984,762	5,573,901	3,603,846
Gross margin	6,720,987	6,062,775	13,621,375	12,798,361
Operating expenses:
Research and development	1,419,826	1,312,743	2,905,533	2,816,189
Sales and marketing	4,250,779	4,096,155	8,285,150	7,727,420
General and administrative	2,772,708	2,943,510	5,567,297	6,773,377
Total operating expenses	8,443,313	8,352,408	16,757,980	17,316,986
Operating loss	(1,722,326)	(2,289,633)	(3,136,605)	(4,518,625)
Other income	999,169	1,181,126	106,792	104,987
Interest income	493	1,695	1,355	3,929
Interest expense	(816,023)	(834,667)	(1,645,810)	(1,671,617)
Net loss	$ (1,538,687)	$ (1,941,479)	$ (4,674,268)	$ (6,081,326)
Net loss per common share:
Basic	$ (0.07)	$ (0.10)	$ (0.22)	$ (0.31)
Diluted	$ (0.07)	$ (0.10)	$ (0.22)	$ (0.31)
Weighted average shares used in computing net loss per common share:
Basic	21,007,103	19,631,469	20,871,244	19,483,603
Diluted	21,007,103	19,631,469	20,871,244	19,483,603

Intangible Assets	6 Months Ended
Intangible Assets	Jun. 30, 2015
Intangible Assets [Abstract]
Intangible Assets	6. Intangible Assets As of June 30, 2015, the Company had total intangible assets of $3,665,000. Accumulated amortization at June 30, 2015, was $2,435,264.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2015
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On August 5, 2015, the Nasdaq Stock Market LLC (“NASDAQ”) notified us that the Company no longer complies with NASDAQ Listing Rule 5550(b)(2), the Market Value of Listed Securities (“MVLS”) Rule, because the Company did not maintain a minimum MVLS of $35 million for the 30 consecutive business days prior to the date of the letter. In accordance with Rule 5810(c)(3)(C), the Company will be provided 180 calendar days, or until February 1, 2016, to regain compliance with the MVLS Rule. The Company may regain compliance with the MVLS Rule if the Company’s MVLS closes at $35 million or more for a minimum of 10 consecutive business days at any time before February 1, 2016. The NASDAQ letter further states that if the Company does not regain compliance with the MVLS Rule by February 1, 2016, the NASDAQ will notify the Company that its common stock will be subject to delisting. At that time, the Company may appeal NASDAQ’s determination to delist the common stock.

Inventories (Schedule Of Inventories) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Inventories [Abstract]
Raw materials	$ 2,387,027	$ 2,746,926
Work in process	249,022	374,236
Finished goods	2,896,623	3,310,375
Reserve for obsolescence	(33,755)	(59,634)
Total inventories	$ 5,498,917	$ 6,371,903

Product Warranty Provisions (Schedule Of Accrued Warranty) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Product Warranty Provisions [Abstract]
Warranty accrual, beginning of the fiscal period	$ 364,548	$ 501,212
Accrual adjustment for product warranty	29,774	84,402
Payments made	(63,436)	(221,066)
Warranty accrual, end of the fiscal period	$ 330,886	$ 364,548
Standard product warranty, coverage term	1 year

Long-Term Debt And Credit Facilities (Healthcare Royalty Partners Debt) (Narrative) (Details) - Healthcare Royalty Partners Debt [Member] - USD ($) $ in Millions			1 Months Ended	6 Months Ended
	Jan. 31, 2013	Aug. 08, 2012	Nov. 30, 2011	Jun. 30, 2015
Debt Instrument [Line Items]
Amount borrowed			$ 15.0
Additional amount which may be borrowed			$ 5.0
Additional amount borrowed	$ 2.5	$ 2.5
Percentage of royalties entitled to receive			100.00%
Debt maturity date				Dec. 31, 2018
Annual interest rate			16.00%

Statements Of Cash Flows - USD ($)	6 Months Ended
Statements Of Cash Flows - USD ($)	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net loss	$ (4,674,268)	$ (6,081,326)
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation	134,025	237,497
Amortization of intangibles	149,917	149,917
Amortization of deferred finance costs	111,018	126,535
Share-based compensation	637,246	739,807
Adjustment of warrants	(106,792)	(104,987)
Changes in operating assets and liabilities:
Accounts receivable	(969,414)	1,122,271
Inventories	609,088	(1,177,346)
Prepaid expenses and other current assets	244,527	194,767
Other assets	67,541	130
Accounts payable	(60,014)	(356,938)
Accrued liabilities	497,625	(787,374)
Deferred revenue	(435,029)	482,790
Other liabilities	(409,358)
Net cash used in operating activities	(4,203,888)	(5,454,257)
Cash flows from investing activities
Purchase of equipment	(52,410)	(41,140)
Net cash used in investing activities	(52,410)	(41,140)
Cash flows from financing activities
Payments of Healthcare Royalty Partners debt	(80,328)	(24,290)
Proceeds from issuance of stock, net of issuance costs	695,598	2,342,275
Net cash provided by financing activities	615,270	2,317,985
Net decrease in cash and cash equivalents	(3,641,028)	(3,177,412)
Cash and cash equivalents at beginning of period	7,270,301	13,775,130
Cash and cash equivalents at end of period	$ 3,629,273	$ 10,597,718

Accrued Liabilities (Schedule Of Accrued Liabilities) (Details)	3 Months Ended	6 Months Ended
	Sep. 30, 2013 USD ($) ft²	Jun. 30, 2015 USD ($) ft²	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Accrued Liabilities [Abstract]
Accrued salaries, bonus, and benefits		$ 2,492,485	$ 2,557,557
Accrued rent		1,393,916	1,407,740
Accrued license and maintenance fees		661,102	661,766
Accrued interest		491,461	493,616
Accrued warranties		330,886	364,548	$ 501,212
Accrued taxes		429,592	332,364
Other		208,895	102,479
Total accrued liabilities		6,008,337	5,920,070
Less: Long term accrued liabilities		(5,570)	(414,928)
Total current accrued liabilities		$ 6,002,767	$ 5,505,142
Square feet of office leased space \| ft²		52,000
Square feet of demonstration and assembly leased space \| ft²		12,000
Square feet of terminated unimproved space leased space \| ft²	13,000
Accrued lease termination costs	$ 515,138
Accrued lease termination costs remaining		$ 319,736