Note 16. Commitments and Contingencies Legal Proceedings The Company is subject to claims and assertions in the ordinary course of business. Legal matters are inherently unpredictable and the Company's assessments may change based on future unknown or unexpected events. On August 21, 2009, a complaint was filed against the Company in the United States District Court for the District of Nevada by Marvin Roy Feldman. The plaintiff is seeking unspecified monetary damages related to the Company's distribution of PokerPro in Mexico. The Company believes that it has several meritorious defenses to these claims and intends to defend itself vigorously. Compliance with NASDAQ Listing Requirements On July 11, 2012, the Company received a notification letter from The NASDAQ Stock Market (the  Notice ) advising that for the 30 consecutive business days preceding the date of the Notice (from May 29, 2012 to July 10, 2012), the closing bid price of its common stock had fallen below the $1.00 per share minimum price required for continued listing on the NASDAQ Capital Market pursuant to NASDAQ Marketplace Rule 5550(a)(2) (the  Minimum Bid Price Rule ). The Notice has no effect on the listing of the Company s common stock at this time and the Company s common stock will continue to trade on the NASDAQ Capital Market under the symbol  PTEK . The Notice also stated that the Company would be provided 180 calendar days, or until January 7, 2013 (the  Grace Period ), to regain compliance with the Minimum Bid Price Rule. To regain compliance, the closing bid price of the Company s common stock must be at least $1.00 per share for a minimum of 10 consecutive business days prior to the end of the Grace Period. If the Company does not regain compliance within the Grace Period, it may be eligible for an additional grace period of 180 days if it meets the continued listing requirements for market value of publicly held shares and all other initial listing standards for the NASDAQ Capital Market, with the exception of the Minimum Bid Price