The Company wrote down as impaired $293,000 in MoBiz360 net capitalized development costs. In May 2012, MoBiz360, an incomplete prototype website marketplace, was conveyed to Clint Parr, the Company’s former president and CEO, as consideration for an undetermined equity interest in Mr. Parr’s new company. As of September 30, 2012, Mr. Parr’s company is still not operational. At such time as it becomes operational, the Company will record the value of its investment associated with the conveyance of MoBiz360.