<table>
            <tbody><tr style="FONT-SIZE: 1px">
                <td valign="bottom" width="66%">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" width="3%">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" width="11%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="3%">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" width="11%">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" width="1%">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>

                <td valign="bottom" colspan="2">
                    <p align="center"><font size="2"><b>2009</b></font></p>
                </td>

                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>

                <td valign="bottom" colspan="2">
                    <p align="center"><font size="2"><b>2008</b></font></p>
                </td>

                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom" colspan="2">&nbsp;</td>

                <td valign="bottom">
                    <p align="center">&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2"><b>Operations Data:</b></font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Sales</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">96,234,000</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">80,834,000</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">Reimbursable program costs and expenses</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">17,247,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">17,040,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Outside production and other program expenses</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">44,014,000</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">32,143,000</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">Operating revenue</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">34,973,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">31,651,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Compensation expense</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">28,374,000</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">24,770,000</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">General and administrative expenses</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">9,320,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">7,110,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Operating (loss)</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(2,721,000</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(229,000</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">Interest (expense) income, net</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">(67,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">)</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">87,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Loss before provision for income taxes</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(2,788,000</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(142,000</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">Provision for income taxes</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">—</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">4,751,000</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 1px solid" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Net loss</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(2,788,000</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(4,893,000</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>
            </tr>

            <tr style="FONT-SIZE: 1px">
                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                <td style="BORDER-BOTTOM: black 3px double" valign="bottom">&nbsp;</td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2"><b>Per Share Data:</b></font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Basic loss per share</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(.40</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">(.71</font></p>
                </td>

                <td valign="bottom">
                    <p><font size="2">)</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">Diluted loss per share</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">(.40</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">)</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">$</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">(.71</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">)</font></p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2"><b>Weighted Average Shares Outstanding:</b></font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right">&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom" bgcolor="#eaf9e8">
                    <p><font size="2">Basic</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">7,049,317</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p align="right"><font size="2">6,935,806</font></p>
                </td>

                <td valign="bottom" bgcolor="#eaf9e8">
                    <p>&nbsp;</p>
                </td>
            </tr>

            <tr>
                <td valign="bottom">
                    <p><font size="2">Diluted</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">7,049,317</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>

                <td valign="bottom">
                    <p align="right"><font size="2">6,935,806</font></p>
                </td>

                <td valign="bottom">
                    <p>&nbsp;</p>
                </td>
            </tr>
        </tbody></table>
<table>
<tbody><tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font><b>2009</b></font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font><b>2008</b></font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td> </td>
<td>
<p> </p>
</td>
<td> </td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font><b>Operations Data:</b></font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Sales</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>96,234,000</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>80,834,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Reimbursable program costs and expenses</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>17,247,000</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>17,040,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Outside production and other program expenses</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>44,014,000</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>32,143,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Operating revenue</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>34,973,000</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>31,651,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Compensation expense</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>28,374,000</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>24,770,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>General and administrative expenses</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>9,320,000</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>7,110,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Operating (loss)</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>(2,721,000</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>(229,000</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
</tr>
<tr>
<td>
<p><font>Interest (expense) income, net</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>(67,000</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>87,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Loss before provision for income taxes</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>(2,788,000</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>(142,000</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
</tr>
<tr>
<td>
<p><font>Provision for income taxes</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>—</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>4,751,000</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Net loss</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>(2,788,000</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>(4,893,000</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
<td> </td>
<td> </td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font><b>Per Share Data:</b></font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Basic loss per share</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>(.40</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>(.71</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
</tr>
<tr>
<td>
<p><font>Diluted loss per share</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>(.40</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
<td>
<p><font>$</font></p>
</td>
<td>
<p><font>(.71</font></p>
</td>
<td>
<p><font>)</font></p>
</td>
</tr>
<tr>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font><b>Weighted Average Shares Outstanding:</b></font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Basic</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>7,049,317</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>6,935,806</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
<tr>
<td>
<p><font>Diluted</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>7,049,317</font></p>
</td>
<td>
<p> </p>
</td>
<td>
<p> </p>
</td>
<td>
<p><font>6,935,806</font></p>
</td>
<td>
<p> </p>
</td>
</tr>
</tbody></table>