<table>
<tbody><tr style="vertical-align: bottom">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td colspan="6" style="text-align: center; border-bottom: Black 1pt solid; padding-left: 10pt; text-indent: -10pt">Three Months Ended <br>June 30,</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid; padding-left: 10pt; text-indent: -10pt">2012</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td colspan="2" style="text-align: center; border-bottom: Black 1pt solid; padding-left: 10pt; text-indent: -10pt">2011</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td colspan="2" style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td colspan="2" style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="width: 66%; padding-left: 10pt; text-indent: -10pt">Sales</td><td style="width: 3%; padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="width: 2%; border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">$</td><td style="width: 10%; border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">35,436,527</td><td style="width: 2%; padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td><td style="width: 3%; padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="width: 2%; border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">$</td><td style="width: 10%; border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">31,328,685</td><td style="width: 2%; padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Operating expenses:</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 20pt; text-indent: -10pt">Reimbursable program costs and expenses</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">6,276,573</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">7,147,447</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left; padding-left: 20pt; text-indent: -10pt">Outside production and other program expenses</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">18,119,290</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">14,852,836</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 20pt; text-indent: -10pt">Compensation expense</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">7,730,929</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">6,587,887</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left; padding-left: 20pt; text-indent: -10pt">General and administrative expenses</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">1,795,721</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">1,666,286</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Total operating expenses</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">33,922,513</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">30,254,456</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Operating income</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">1,514,014</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">1,074,229</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Interest income (expense), net</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">256</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">(96,315</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">)</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Fair value adjustments to compound embedded derivatives</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">(611,702</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">)</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">157,985</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Income before provision for income taxes</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">902,568</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">1,135,899</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Provision for income taxes</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">646,000</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 1pt solid; text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="border-bottom: Black 1pt solid; text-align: right; padding-left: 10pt; text-indent: -10pt">45,000</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">Net income</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left; padding-left: 10pt; text-indent: -10pt">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; padding-left: 10pt; text-indent: -10pt">256,568</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left; padding-left: 10pt; text-indent: -10pt">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; padding-left: 10pt; text-indent: -10pt">1,090,899</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="padding-left: 10pt; text-indent: -10pt">Basic earnings per share</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left; padding-left: 10pt; text-indent: -10pt">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; padding-left: 10pt; text-indent: -10pt">.03</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="border-bottom: Black 2.5pt double; text-align: left; padding-left: 10pt; text-indent: -10pt">$</td><td style="border-bottom: Black 2.5pt double; text-align: right; padding-left: 10pt; text-indent: -10pt">.14</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 10pt; text-indent: -10pt; padding-bottom: 2.5pt">Diluted earnings per share</td><td style="padding-left: 10pt; text-indent: -10pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt; border-bottom: Black 2.5pt double">$</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt; border-bottom: Black 2.5pt double">.02</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt; padding-bottom: 2.5pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt; padding-bottom: 2.5pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt; border-bottom: Black 2.5pt double">$</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt; border-bottom: Black 2.5pt double">.07</td><td style="padding-left: 10pt; text-align: left; text-indent: -10pt; padding-bottom: 2.5pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 10pt; text-indent: -10pt">Weighted average number of common shares outstanding:</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: rgb(234,249,232)">
    <td style="padding-left: 10pt; text-indent: -10pt">Basic</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">8,202,076</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">8,079,744</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
<tr style="vertical-align: bottom; background-color: White">
    <td style="padding-left: 10pt; text-indent: -10pt">Diluted</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">16,069,314</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="padding-left: 10pt; text-indent: -10pt">&nbsp;</td>
    <td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td><td style="text-align: right; padding-left: 10pt; text-indent: -10pt">15,852,912</td><td style="text-align: left; padding-left: 10pt; text-indent: -10pt">&nbsp;</td></tr>
</tbody></table>
<table>
<tbody><tr>
<td> </td><td> </td>
<td>Three Months Ended <br/>June 30,</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td>2012</td><td> </td><td> </td>
<td>2011</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td>
<td> </td><td> </td></tr>
<tr>
<td>Sales</td><td> </td>
<td>$</td><td>35,436,527</td><td> </td><td> </td>
<td>$</td><td>31,328,685</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Operating expenses:</td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Reimbursable program costs and expenses</td><td> </td>
<td> </td><td>6,276,573</td><td> </td><td> </td>
<td> </td><td>7,147,447</td><td> </td></tr>
<tr>
<td>Outside production and other program expenses</td><td> </td>
<td> </td><td>18,119,290</td><td> </td><td> </td>
<td> </td><td>14,852,836</td><td> </td></tr>
<tr>
<td>Compensation expense</td><td> </td>
<td> </td><td>7,730,929</td><td> </td><td> </td>
<td> </td><td>6,587,887</td><td> </td></tr>
<tr>
<td>General and administrative expenses</td><td> </td>
<td> </td><td>1,795,721</td><td> </td><td> </td>
<td> </td><td>1,666,286</td><td> </td></tr>
<tr>
<td>Total operating expenses</td><td> </td>
<td> </td><td>33,922,513</td><td> </td><td> </td>
<td> </td><td>30,254,456</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Operating income</td><td> </td>
<td> </td><td>1,514,014</td><td> </td><td> </td>
<td> </td><td>1,074,229</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Interest income (expense), net</td><td> </td>
<td> </td><td>256</td><td> </td><td> </td>
<td> </td><td>(96,315</td><td>)</td></tr>
<tr>
<td>Fair value adjustments to compound embedded derivatives</td><td> </td>
<td> </td><td>(611,702</td><td>)</td><td> </td>
<td> </td><td>157,985</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Income before provision for income taxes</td><td> </td>
<td> </td><td>902,568</td><td> </td><td> </td>
<td> </td><td>1,135,899</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Provision for income taxes</td><td> </td>
<td> </td><td>646,000</td><td> </td><td> </td>
<td> </td><td>45,000</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Net income</td><td> </td>
<td>$</td><td>256,568</td><td> </td><td> </td>
<td>$</td><td>1,090,899</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Basic earnings per share</td><td> </td>
<td>$</td><td>.03</td><td> </td><td> </td>
<td>$</td><td>.14</td><td> </td></tr>
<tr>
<td>Diluted earnings per share</td><td> </td>
<td>$</td><td>.02</td><td> </td><td> </td>
<td>$</td><td>.07</td><td> </td></tr>
<tr>
<td> </td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Weighted average number of common shares outstanding:</td><td> </td>
<td> </td><td> </td><td> </td><td> </td>
<td> </td><td> </td><td> </td></tr>
<tr>
<td>Basic</td><td> </td>
<td> </td><td>8,202,076</td><td> </td><td> </td>
<td> </td><td>8,079,744</td><td> </td></tr>
<tr>
<td>Diluted</td><td> </td>
<td> </td><td>16,069,314</td><td> </td><td> </td>
<td> </td><td>15,852,912</td><td> </td></tr>
</tbody></table>