9. Commitments and Contingencies Operating Leases   The Company has operating lease agreements for offices in Massachusetts, Hungary, The Netherlands, Australia, the United Kingdom, Japan, and India that expire in 2012 through 2017. The lease agreement for the Massachusetts office required a security deposit of $125,000 in the form of a letter of credit which is collateralized by a certificate of deposit in the same amount. The lease agreement for one of the Company s Hungarian offices required a security deposit, which totaled approximately $228,000 (170,295 Euro) at March 31, 2012. The lease for the Company s Australian office required a bank guarantee which totaled $25,000 (24,375 AUD) at March 31, 2012, whereby the bank agrees to pay the lesser this amount should the Company default under the terms of the lease. The certificate of deposit, the security deposit and bank guarantee are classified as restricted cash. The Netherlands, the United Kingdom and Budapest, Hungary leases contain termination options which allow the Company to terminate the leases pursuant to certain lease provisions. In February 2011, the Company entered into a lease for new office space for its Australian office. The term of the new office space began in February 2011 and extends through January 2014. The approximate annual lease payments for the new office space are $96,000. In April 2011, the Company entered into a lease for new office space for its United Kingdom office. The term of the new office space began in April 2011 and extends through June 2017. The approximate annual lease payments for the new office space are $231,000. The lease contains a termination option which allows the Company to terminate the lease pursuant to certain lease provisions. In September 2011, the Company extended its lease for existing office space for its Budapest office. The term of the new lease begins in April 2012 and extends through March 2017. The approximate annual lease payments for the office space are $1,034,000. The lease contains a terminatio