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&amp;nbsp;&lt;/div&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(b)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Liquidity&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;br /&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company has incurred operating losses in recent years as the&#13;
  Company has redirected its efforts to focus on the development of&#13;
  its polysilicon and solar businesses.&amp;nbsp;&amp;nbsp;The Company's&#13;
  current operating plan anticipates raising cash over the next&#13;
  year through a combination of debt and/or equity offerings and&#13;
  possibly new customer contracts to enable the continued&#13;
  construction of the Polysilicon Plant.&amp;nbsp;&amp;nbsp;Tianwei, the&#13;
  Company&amp;#146;s majority shareholder has committed to provide the&#13;
  Company financial support for its ongoing operations, planned&#13;
  capital expenditures and debt service requirements until at least&#13;
  April 1, 2012.&amp;nbsp;&amp;nbsp;In addition, Tianwei has provided&#13;
  standby letters of credit as collateral for the Company&amp;#146;s&#13;
  third party debt with a principal amount of $314.7 million at&#13;
  December 31, 2011.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
      &lt;font&#13;
      style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Under&#13;
      the terms of all of the Company's supply agreements, the&#13;
      failure to deliver polysilicon by the stated delivery dates&#13;
      will allow the customers to terminate the supply agreements,&#13;
      require the repayments of the deposits under the agreements,&#13;
      which in the aggregate amount to $139.8 million at December&#13;
      31, 2011, and which in turn could result in an event of&#13;
      default under the Company's existing credit agreements with&#13;
      its third party lenders. The event of default under the&#13;
      Company's existing credit agreements could result in its&#13;
      lenders accelerating repayment of the Company's third party&#13;
      debt, which the Company does not have the wherewithal to&#13;
      repay. To the extent that the third party lenders accelerate&#13;
      repayment of the debt, Tianwei has provided a letter of&#13;
      commitment to the Company that it would not demand repayment&#13;
      from the Company until the original due dates of the third&#13;
      party credit agreement ranging from May 2012 through February&#13;
      2017.&lt;/font&gt;&#13;
    &lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;If&#13;
  the Company is unable to generate revenue or secure additional&#13;
  financing, the Company will be forced to curtail construction of&#13;
  the Polysilicon Plant.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(c)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Principles&#13;
    of Consolidation&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  consolidated financial statements include the accounts of the&#13;
  Company, its wholly owned subsidiaries, after elimination of&#13;
  significant intercompany amounts and transactions, and Hoku Solar&#13;
  Power I LLC, or Power I, because the Company has the controlling&#13;
  financial interest of Power I.&amp;nbsp;&amp;nbsp;As of December 31, 2011&#13;
  and March 31, 2011, the total assets of Power I were $5.8 million&#13;
  and $6.0 million, respectively, and were mainly comprised of&#13;
  cash, accounts receivable, and property, plant and&#13;
  equipment.&amp;nbsp;&amp;nbsp;As of December 31, 2011 and March 31, 2011,&#13;
  the total liabilities of Power I were $862,000 and $882,000,&#13;
  respectively, and were mainly comprised of accounts payable and&#13;
  accrued liabilities.&amp;nbsp;&amp;nbsp;These balances are reflected in&#13;
  the consolidated financial statements with intercompany&#13;
  transactions eliminated.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(d)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Use&#13;
    of Estimates&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  preparation of the Company&amp;#146;s consolidated financial&#13;
  statements in conformity with generally accepted accounting&#13;
  principles, or U.S. GAAP, requires the Company&amp;#146;s management&#13;
  to make estimates and assumptions that affect the reported&#13;
  amounts of assets and liabilities and disclosures of contingent&#13;
  assets and liabilities at the date of the financial statements&#13;
  and the reported amounts of revenue and expenses during the&#13;
  reporting period. Actual results could differ from those&#13;
  estimates. On an on-going basis, the Company evaluates its&#13;
  estimates, including those related to revenue recognition,&#13;
  accounts receivable, the carrying amounts of property, plant and&#13;
  equipment and inventory, income taxes and the valuation of&#13;
  deferred tax assets and stock options. These estimates are based&#13;
  on historical facts and various other assumptions that the&#13;
  Company believes are reasonable.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(e)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Revenue&#13;
    Recognition&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Revenue&#13;
    from polysilicon and PV system installations is recognized when&#13;
    there is evidence of an arrangement, delivery has occurred or&#13;
    services have been rendered, the arrangement fee is fixed or&#13;
    determinable, and collectability of the arrangement fee is&#13;
    reasonably assured. PV system installation contracts may have&#13;
    several different phases with corresponding progress&#13;
    billings.&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company applies the percentage-of-completion method of revenue&#13;
  recognition for its PV system contracts for which it can make&#13;
  reasonably dependable estimates of costs. Under the&#13;
  percentage-of-completion method, revenue and related costs are&#13;
  deferred and subsequently recognized based on the progress of the&#13;
  installation and an estimate of remaining costs to complete the&#13;
  installation. Estimated losses on PV system contracts are&#13;
  recognized in the period in which those losses become evident.&#13;
  For contracts entered into prior to April 1, 2010, the Company&#13;
  recognized revenue under the completed contract method, in which&#13;
  revenue and related costs are deferred and then subsequently&#13;
  recognized only upon completion of the contract, for all&#13;
  contracts for which reasonably dependable estimates of costs are&#13;
  not available.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company entered the PV system installation business in fiscal&#13;
  year 2008.&amp;nbsp;&amp;nbsp;Prior to April 1, 2010, due to the short&#13;
  period of time the Company was in the PV system installation&#13;
  business, the Company did not have the historical experience or&#13;
  the procedures in place to develop reasonably dependable&#13;
  estimates of costs and therefore utilized the completed contract&#13;
  method to record revenue for PV contracts.&amp;nbsp;&amp;nbsp;Subsequent&#13;
  to this startup period, the Company has developed history and&#13;
  reliable processes and procedures of projecting and tracking&#13;
  contract fulfillment costs, in order to develop reasonably&#13;
  dependable estimates which are required to use the percentage of&#13;
  completion method.&amp;nbsp;&amp;nbsp;In applying the&#13;
  percentage-of-completion method, the Company determines the&#13;
  percentage of contract completion on the basis of engineering,&#13;
  labor, subcontractor and other installation costs and excludes&#13;
  material and other non-installation contract costs which are not&#13;
  considered the primary cost determinants in gauging the progress&#13;
  of the PV system contract.&amp;nbsp;&amp;nbsp;Revenue and related costs&#13;
  are recognized proportionately based on the completion percentage&#13;
  of each project and considering the current estimate of remaining&#13;
  costs required to complete the project.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Revenue&#13;
  from the sale of electricity generated from the Company&amp;#146;s PV&#13;
  systems is based on kilowatt usage and is recognized in&#13;
  accordance with its power purchase agreements, or PPAs.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company charges the appropriate Hawaii general excise tax to its&#13;
  customers.&amp;nbsp;&amp;nbsp;The taxes collected from sales are excluded&#13;
  from revenue and recorded as a payable.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(f)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Restricted&#13;
    Cash&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
  of December 31, 2011, the Company had restricted cash of&#13;
  $757,000, which primarily relates to cash held as collateral for&#13;
  certain standby letters of credit.&amp;nbsp;&amp;nbsp;&amp;nbsp;All interest&#13;
  received on these deposits is also recorded to restricted&#13;
  cash.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(g)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &#13;
    &lt;font&#13;
    style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Cost&#13;
    of Uncompleted Contracts&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Cost&#13;
  of uncompleted contracts represents costs incurred for services&#13;
  performed and/or materials used towards completing a customer&#13;
  contract. Based on the Company&amp;#146;s revenue recognition policy,&#13;
  the costs incurred for services and/or materials can be&#13;
  recognized as contract costs, and revenues are recognized based&#13;
  on the completion percentage of each contract after considering&#13;
  the costs incurred and current estimate of remaining costs to&#13;
  complete the installation. As of December 31, 2011 and March 31,&#13;
  2011, costs of uncompleted contracts were approximately $815,000&#13;
  and $128,000, respectively, related to PV system installation&#13;
  contracts.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div align="justify"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
      &lt;font&#13;
      style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(h)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
      &#13;
      &lt;font&#13;
      style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Guarantees&#13;
      and Indemnifications&lt;/font&gt;&lt;/font&gt;&#13;
    &lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company has entered into PV system installation contracts which&#13;
  warrant the installation against defects in workmanship,&#13;
  generally for a period of one to five years from the date of&#13;
  installation.&amp;nbsp;&amp;nbsp;There were no accruals for or expenses&#13;
  related to the warranties for any period presented.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company, as permitted under Delaware law and in accordance with&#13;
  its Bylaws, indemnifies its officers and directors for certain&#13;
  events or occurrences, subject to certain limits, while the&#13;
  officer or director is or was serving at the Company&amp;#146;s&#13;
  request in that capacity.&amp;nbsp;&amp;nbsp;The term of the&#13;
  indemnification period is equal to the officer&amp;#146;s or&#13;
  director&amp;#146;s lifetime.&amp;nbsp;&amp;nbsp;The Company has also entered&#13;
  into additional indemnification agreements with its officers and&#13;
  directors in connection with its initial public&#13;
  offering.&amp;nbsp;&amp;nbsp;The maximum amount of potential future&#13;
  indemnification is unlimited; however, the Company has obtained&#13;
  director and officer insurance that limits its exposure and may&#13;
  enable it to recover a portion of any future amounts&#13;
  paid.&amp;nbsp;&amp;nbsp;The Company believes the fair value for these&#13;
  indemnification obligations is minimal. Accordingly, the Company&#13;
  has not recognized any liabilities relating to these obligations&#13;
  as of December 31, 2011 and March 31, 2011.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company has entered into customer contracts that contain&#13;
  indemnification provisions.&amp;nbsp;&amp;nbsp;In these provisions, the&#13;
  Company typically agrees to indemnify the customer against&#13;
  certain types of third-party claims. The Company would accrue for&#13;
  known indemnification issues when a loss is probable and could be&#13;
  reasonably estimated. The Company also would accrue for estimated&#13;
  incurred but unidentified indemnification issues based on&#13;
  historical activity. There were no accruals for or expenses&#13;
  related to indemnification issues for any period&#13;
  presented.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;div align="justify"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
</us-gaap:SignificantAccountingPoliciesTextBlock>
  <us-gaap:FairValueDisclosuresTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(2)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Fair&#13;
  Value of Assets and Liabilities&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
  of December 31, 2011 and March 31, 2011, the Company held the&#13;
  following assets that are required to be measured at fair value&#13;
  on a recurring basis (in thousands):&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="14"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-WEIGHT: bold"&gt;Fair&#13;
          Value Measurements as of&lt;/font&gt; &#13;
          &lt;font style="DISPLAY: inline; FONT-WEIGHT: bold"&gt;December&#13;
          31, 2011&lt;/font&gt;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Total&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Level&#13;
          1&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Level&#13;
          2&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Level&#13;
          3&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="40%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Cash&#13;
          equivalents&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;191&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;191&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="40%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Total&#13;
          assets measured at fair value&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;191&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;191&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="14"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 27.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-WEIGHT: bold"&gt;Fair&#13;
          Value Measurements as of&lt;/font&gt; &#13;
          &lt;font style="DISPLAY: inline; FONT-WEIGHT: bold"&gt;March&#13;
          31, 2011&lt;/font&gt;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Total&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Level&#13;
          1&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Level&#13;
          2&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Level&#13;
          3&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="40%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Cash&#13;
          equivalents&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,949&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,949&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="40%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Total&#13;
          assets measured at fair value&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,949&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,949&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  interest rates of the Company&amp;#146;s credit agreements reset on a&#13;
  quarterly basis based on fluctuations in the LIBOR rate.&#13;
  Accordingly, the fair value of the notes payable approximates the&#13;
  carrying value as of December 31, 2011 and March 31, 2011.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;There&#13;
  were no assets or liabilities that are required to be measured at&#13;
  fair value on a non-recurring basis.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
</us-gaap:FairValueDisclosuresTextBlock>
  <us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(3)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Property,&#13;
  Plant and Equipment&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
  of December 31, 2011 and March 31, 2011, property, plant and&#13;
  equipment consisted of the following:&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
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      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
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      &lt;/td&gt;&#13;
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      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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      &lt;td width="70%" valign="bottom"&gt;&#13;
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          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
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      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(698&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="middle" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="middle" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="70%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Property,&#13;
          plant and equipment, net&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;635,142&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;481,481&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Long-lived&#13;
  assets, such as property, plant, and equipment, are tested for&#13;
  impairment whenever events or changes in circumstances indicate&#13;
  that the carrying amount of an asset may not be recoverable. If&#13;
  circumstances require a long-lived asset be tested for&#13;
  impairment, the Company first compares undiscounted cash flows&#13;
  expected to be generated by that asset over its life to its&#13;
  carrying amount. If the carrying amount of the long-lived asset&#13;
  is not recoverable from future undiscounted cash flows, the&#13;
  Company must determine the fair value of the asset. Fair value is&#13;
  determined through various valuation techniques including&#13;
  discounted cash flow models and quoted market prices for&#13;
  comparable assets.&amp;nbsp;&amp;nbsp;If the carrying value exceeds the&#13;
  fair value, an impairment loss is recognized.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;During&#13;
  the quarter ended December 31, 2011, the Company observed a&#13;
  significant decline in the market prices for solar-grade&#13;
  polysilicon, caused by an oversupply of polysilicon relative to&#13;
  demand in the solar materials supply chain. The Company concluded&#13;
  that the decline in the price in solar-grade polysilicon&#13;
  represented an event that indicated that the carrying value of&#13;
  its polysilicon plant under construction may not be&#13;
  recoverable.&amp;nbsp;&amp;nbsp;The Company commenced with an impairment&#13;
  analysis to assess the recoverability of the polysilicon plant,&#13;
  which required the use of various inputs and assumptions over&#13;
  future periods.&amp;nbsp; In its analysis, the Company evaluated the&#13;
  following key assumptions in determining whether the carrying&#13;
  value of the polysilicon plant exceeded the expected future&#13;
  undiscounted cash flows:&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr style="LINE-HEIGHT: 1.25;" valign="top"&gt;&#13;
      &lt;td style="WIDTH: 36pt" align="right"&gt;&#13;
        &lt;div&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&amp;middot;&lt;/font&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&gt;&#13;
        &lt;div align="justify"&#13;
        style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;total&#13;
          costs to complete construction, including capitalized&#13;
          interest;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr style="LINE-HEIGHT: 1.25;" valign="top"&gt;&#13;
      &lt;td style="WIDTH: 36pt" align="right"&gt;&#13;
        &lt;div&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&amp;middot;&lt;/font&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&gt;&#13;
        &lt;div align="justify"&#13;
        style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;an&#13;
          expected useful life of the polysilicon plant of 30&#13;
          years;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr style="LINE-HEIGHT: 1.25;" valign="top"&gt;&#13;
      &lt;td style="WIDTH: 36pt" align="right"&gt;&#13;
        &lt;div&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&amp;middot;&lt;/font&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&gt;&#13;
        &lt;div align="justify"&#13;
        style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;the&#13;
          projected costs to replace equipment during the life of&#13;
          the polysilicon plant;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr style="LINE-HEIGHT: 1.25;" valign="top"&gt;&#13;
      &lt;td style="WIDTH: 36pt" align="right"&gt;&#13;
        &lt;div&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&amp;middot;&lt;/font&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&gt;&#13;
        &lt;div align="justify"&#13;
        style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;an&#13;
          expected weighted average cost to produce&#13;
          polysilicon;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr style="LINE-HEIGHT: 1.25;" valign="top"&gt;&#13;
      &lt;td style="WIDTH: 36pt" align="right"&gt;&#13;
        &lt;div&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&amp;middot;&lt;/font&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&gt;&#13;
        &lt;div align="justify"&#13;
        style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;an&#13;
          expectation that substantially all polysilicon will be&#13;
          sold either to third parties or the Company&amp;#146;s parent&#13;
          company, Tianwei; and&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr style="LINE-HEIGHT: 1.25;" valign="top"&gt;&#13;
      &lt;td style="WIDTH: 36pt" align="right"&gt;&#13;
        &lt;div&gt;&#13;
          &lt;font style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-SIZE: 10pt"&gt;&amp;middot;&lt;/font&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&gt;&#13;
        &lt;div align="justify"&#13;
        style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;the&#13;
          estimated market prices over the estimated 30 year life&#13;
          of the polysilicon plant.&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
    developing these assumptions, the Company considered the&#13;
    expected operating results based upon internal projections and&#13;
    engineering analyses. Estimated market prices of polysilicon&#13;
    over the estimated 30 year life of the polysilicon plant were&#13;
    based on the assumption that the market price at December 31,&#13;
    2011 was approximately $30 per kilogram.&amp;nbsp;&amp;nbsp;It was also&#13;
    assumed that the long term market price for polysilicon would&#13;
    experience a recovery beyond the rate of inflation due to a&#13;
    rebalancing of supply and demand that would result in a&#13;
    stabilization of prices.&lt;/font&gt;&#13;
  &lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;div&#13;
    style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
      &lt;font&#13;
      style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
        of December 31, 2011, based on the assumptions discussed&#13;
        above, the sum of the expected future undiscounted cash&#13;
        flows from the polysilicon plant exceeded its carrying&#13;
        amount; therefore the Company concluded the carrying amount&#13;
        of the plant is recoverable.&lt;/font&gt;&#13;
      &lt;/font&gt;&#13;
    &lt;/div&gt;&#13;
    &lt;div align="left"&#13;
    style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
      &lt;font&#13;
      style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
    &lt;/div&gt;&#13;
    &lt;div align="left"&#13;
    style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
      &lt;font&#13;
      style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
        addition to further declines in the market prices of&#13;
        polysilicon and/or a lack of recovery of the market prices&#13;
        of polysilicon at a rate greater than the rate of&#13;
        inflation, certain other events or changes in circumstances&#13;
        in the future may also indicate that the carrying amount of&#13;
        the polysilicon plant may not be recoverable. Such events&#13;
        or circumstances include, but are not limited to, a change&#13;
        in expected demand for polysilicon, an increase in&#13;
        construction costs, a decrease in the expected life of the&#13;
        polysilicon plant, an increase in projected costs to&#13;
        replace equipment, an increase in the expected production&#13;
        cost, and/or a decrease in the production capacity.&lt;/font&gt;&#13;
      &lt;/font&gt;&#13;
    &lt;/div&gt;&#13;
    &lt;div&#13;
    style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
      &lt;font&#13;
      style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
    &lt;/div&gt;&#13;
    &lt;div&#13;
    style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
      &lt;font&#13;
      style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
      fiscal 2011, the Company reduced the cost of the PV systems&#13;
      owned by Hoku Solar Power I by $2.3 million as a result of&#13;
      federal grants received under Section 1603 of the American&#13;
      Recovery and Reinvestment Act of 2009, which provides cash&#13;
      incentives for wind and solar project investments.&lt;/font&gt;&#13;
    &lt;/div&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;During&#13;
  the nine month period ended December 31, 2011, the Company&#13;
  capitalized interest during construction of $21.9 million,&#13;
  comprised of interest charges of $16.0 million and amortization&#13;
  of discount and deferred financing costs of $5.9&#13;
  million.&amp;nbsp;&amp;nbsp;During the nine month period ended December&#13;
  31, 2010, the Company capitalized interest during construction of&#13;
  $8.2 million, comprised of interest charges of $3.4 million,&#13;
  amortization of discount and deferred financing costs of $4.6&#13;
  million, and stock based compensation of $151,000.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
</us-gaap:PropertyPlantAndEquipmentDisclosureTextBlock>
  <us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(4)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Accounts&#13;
  Payable and Accrued Liabilities&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Accounts&#13;
  payable and accrued liabilities were comprised of the&#13;
  following:&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;March&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(in&#13;
          thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Accounts&#13;
          payable&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;56,320&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;13,720&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="70%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Accrued&#13;
          liabilities&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;20,270&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;13,429&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td&#13;
      style="PADDING-BOTTOM: 4px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt"&#13;
       width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Total&#13;
          accounts payable and accrued liabilities&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;76,590&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;27,149&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  following table summarizes the composition of accounts payable&#13;
  and accrued liabilities between capital and operating&#13;
  expenditures:&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;March&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(in&#13;
          thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Capital&#13;
          expenditures&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;67,669&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;26,072&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="70%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Operating&#13;
          expenditures&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;8,921&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,077&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td&#13;
      style="PADDING-BOTTOM: 4px; PADDING-LEFT: 0pt; MARGIN-LEFT: 9pt"&#13;
       width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 9pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Total&#13;
          accounts payable and accrued liabilities&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;76,590&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;27,149&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  capital expenditures pertain primarily to the construction of the&#13;
  Polysilicon Plant and equipment additions related to the&#13;
  Polysilicon Plant.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
</us-gaap:AccountsPayableAndAccruedLiabilitiesDisclosureTextBlock>
  <us-gaap:LongTermDebtTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(5)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Customer&#13;
  Deposits&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;br /&gt;&#13;
&lt;font&#13;
style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
Company has entered into various supply agreements with customers&#13;
for the sale and delivery of polysilicon over specified periods of&#13;
time.&amp;nbsp;&amp;nbsp;Under the supply agreements, customers are&#13;
generally required to pay cash deposits to the Company as a&#13;
prepayment for future product deliveries.&amp;nbsp;&amp;nbsp;Generally,&#13;
these payments are for deliveries of polysilicon, which are&#13;
expected to occur subsequent to the initial year of the&#13;
agreements.&amp;nbsp;&amp;nbsp;These prepayments were used by the Company&#13;
to finance the construction of the Polysilicon&#13;
Plant.&amp;nbsp;&amp;nbsp;Accordingly, the receipts of these prepayments&#13;
have been reflected in the financing activities section of the&#13;
statements of cash flows.&amp;nbsp;&amp;nbsp;Upon the sale of product under&#13;
the long-term supply agreements, the Company will reflect the&#13;
application of the deposit in exchange for the product as a cash&#13;
inflow from operations with a corresponding cash outflow in&#13;
financing activities.&lt;/font&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&#13;
style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
  of December 31, 2011 and March 31, 2011, the Company had $139.8&#13;
  million and $140.2 million, respectively, related to prepayments&#13;
  received under its various polysilicon supply&#13;
  agreements.&amp;nbsp;&amp;nbsp;Through December 31, 2011, the Company&#13;
  refunded $440,000 of customer deposits in accordance with the&#13;
  amended polysilicon supply agreements.&amp;nbsp;&amp;nbsp;In December&#13;
  2009, an investment transaction with Tianwei was completed and&#13;
  the existing polysilicon supply agreements were amended such that&#13;
  $50.0 million of an aggregate of $79.0 million in secured&#13;
  prepayments previously paid by Tianwei to the Company was&#13;
  converted&amp;nbsp;&amp;nbsp;into shares of the Company&amp;#146;s common&#13;
  stock.&amp;nbsp;&amp;nbsp;The prepayments which are expected to be&#13;
  applied to deliveries one year subsequent to the balance sheet&#13;
  date have been reflected in the consolidated balance sheets as&#13;
  long-term customer deposits.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Under&#13;
  the terms of the various long-term polysilicon supply agreements&#13;
  with its customers, the Company is generally required to refund&#13;
  these prepayments, in each case, if the customer terminates the&#13;
  respective supply agreement under certain circumstances, which&#13;
  generally include, but are not limited to, bankruptcy, failure to&#13;
  commence shipments of polysilicon by specified dates, repeated&#13;
  failure to deliver a specified quality of product, and/or failure&#13;
  to meet other milestones.&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company did not commence delivery of polysilicon to Shanghai Alex&#13;
  New Energy Co., Ltd. (Alex) or&amp;nbsp;Hanwha SolarOne&#13;
  (SolarOne)&amp;nbsp;in accordance with its agreements, which provided&#13;
  these customers with the right to terminate the agreements and&#13;
  require repayment of a $20.0 million, $49.0 million, and $2.0&#13;
  million prepayment, respectively.&amp;nbsp;&amp;nbsp;The Company has&#13;
  granted security interests to each of its customers in all of the&#13;
  Company&amp;#146;s tangible and intangible assets related to its&#13;
  polysilicon business to serve as collateral for the&#13;
  Company&amp;#146;s obligation to repay the remaining amount of each&#13;
  of its customer&amp;#146;s respective prepayments made as of the date&#13;
  of any termination that has not been applied to the purchase&#13;
  price of polysilicon previously delivered under the respective&#13;
  contract.&amp;nbsp;&amp;nbsp;Such security interests are subordinated to&#13;
  bank financings.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  following is a summary of prepayments received as of December 31,&#13;
  2011 and March 31, 2011:&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Customer&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="3"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;March&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(in&#13;
          thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Hanwha&#13;
          SolarOne, formerly Solarfun Power Hong Kong Ltd.&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;49,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;49,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Tianwei&#13;
          New Energy (Chengdu) Wafer Co., Ltd.&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;29,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;29,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Wealthy&#13;
          Rise International, Ltd. (Solargiga)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;20,200&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;20,200&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Jinko&#13;
          Solar Co., Ltd.&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;19,560&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;20,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Shanghai&#13;
          Alex New Energy Co., Ltd.&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;20,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;20,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="70%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Wuxi&#13;
          Suntech Power Co., Ltd.&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2,000&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="70%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;139,760&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;140,200&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Based&#13;
  on existing terms of the various long-term polysilicon supply&#13;
  agreements, the $139.8 million of customer prepayments would be&#13;
  credited against future product deliveries in the years ending&#13;
  December 31, 2012 through 2016 and thereafter as indicated in the&#13;
  following table.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Application&#13;
          of&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Customer&#13;
          Deposits&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Year&#13;
          ending December 31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(in&#13;
          thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2012&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;95,227&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2013&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;7,254&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2014&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;10,021&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2015&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;5,233&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
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        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
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          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;3,100&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
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      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="85%" valign="bottom"&#13;
      align="left"&gt;&#13;
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        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
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          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Thereafter&lt;/font&gt;&#13;
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          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;18,925&lt;/font&gt;&#13;
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      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
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      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
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      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
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          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;139,760&lt;/font&gt;&#13;
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      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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</us-gaap:LongTermDebtTextBlock>
  <us-gaap:DebtDisclosureTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(6)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Notes&#13;
  Payable and Warrants&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(a)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Notes&#13;
    Payable&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;China Merchants Bank &amp;#150; New York Branch&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  May 2010, the Company entered into a $20.0 million credit&#13;
  agreement with the New York branch of China Merchants Bank Co.,&#13;
  Ltd.&amp;nbsp;&amp;nbsp;The loan under this credit agreement is secured&#13;
  by a standby letter of credit drawn by Tianwei in Chengdu, China&#13;
  and issued to China Merchants Bank, as collateral. The loan bears&#13;
  interest at a per annum rate equal to the LIBOR Rate for the&#13;
  applicable interest period plus 2% (3.01% at December 31, 2011)&#13;
  or, if the Company elects, any portion of the loan that is not&#13;
  less than $1.0 million may bear interest at an annual rate equal&#13;
  to the rate of interest announced by the lender as its&#13;
  &amp;#147;prime rate.&amp;#148;&amp;nbsp;&amp;nbsp;The principal amount and any&#13;
  unpaid interest thereon must be paid in full by May 2012. The&#13;
  Company also entered into a reimbursement agreement with Tianwei&#13;
  pursuant to which the Company agreed to reimburse Tianwei for all&#13;
  interest, fees and expenses incurred by Tianwei in connection&#13;
  with the negotiation, execution and performance of the standby&#13;
  letter of credit.&amp;nbsp;&amp;nbsp;As of December 31, 2011, the entire&#13;
  $20.0 million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  August 2010, the Company entered into two credit agreements with&#13;
  the New York branch of China Merchants Bank Co., Ltd. to borrow&#13;
  $10.0 million and $5.0 million.&amp;nbsp;&amp;nbsp;The loans under these&#13;
  credit agreements are secured by standby letters of credit drawn&#13;
  by Tianwei in Chengdu, China and issued to China Merchants Bank,&#13;
  as collateral. The loans bear interest at a per annum rate equal&#13;
  to the LIBOR Rate for the applicable interest period plus 2%&#13;
  (between 2.96% and 3.04% for the $10.0 million credit agreement&#13;
  and 3.01% for the 5.0 million credit agreement at December 31,&#13;
  2011) or, if the Company elects, any portion of the loans that is&#13;
  not less than $1.0 million may bear interest at an annual rate&#13;
  equal to the rate of interest announced by the lender as its&#13;
  &amp;#147;prime rate.&amp;#148;&amp;nbsp;&amp;nbsp;The principal amount and any&#13;
  unpaid interest thereon must be paid in full by August 2012. The&#13;
  Company also entered into reimbursement agreements with Tianwei&#13;
  pursuant to which the Company agreed to reimburse Tianwei for all&#13;
  interest, fees and expenses incurred by Tianwei in connection&#13;
  with the negotiation, execution and performance of the standby&#13;
  letters of credit.&amp;nbsp;&amp;nbsp;As of December 31, 2011, the entire&#13;
  $15.0 million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  September 2010, the Company entered into a $10.0 million credit&#13;
  agreement with the New York branch of China Merchants Bank Co.,&#13;
  Ltd.&amp;nbsp;&amp;nbsp;The loan under this credit agreement is secured&#13;
  by a standby letter of credit drawn by Tianwei in Chengdu, China&#13;
  and issued to China Merchants Bank, as collateral. The loan bears&#13;
  interest at a per annum rate equal to the LIBOR Rate for the&#13;
  applicable interest period plus 2% (3.06% at December 31, 2011)&#13;
  or, if the Company elects, any portion of the loan that is not&#13;
  less than $1.0 million may bear interest at an annual rate equal&#13;
  to the rate of interest announced by the lender as its&#13;
  &amp;#147;prime rate.&amp;#148;&amp;nbsp;&amp;nbsp;The principal amount and any&#13;
  unpaid interest thereon must be paid in full by September 2013.&#13;
  The Company also entered into a reimbursement agreement with&#13;
  Tianwei pursuant to which the Company agreed to reimburse Tianwei&#13;
  for all interest, fees and expenses incurred by Tianwei in&#13;
  connection with the negotiation, execution and performance of the&#13;
  standby letter of credit.&amp;nbsp; As of December 31, 2011, the&#13;
  entire $10.0 million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  October 2010, the Company entered into a $13.0 million credit&#13;
  agreement with the New York branch of China Merchants Bank Co.,&#13;
  Ltd.&amp;nbsp;&amp;nbsp;The Company received the entire $13.0 million&#13;
  under this credit agreement, which is secured by a standby letter&#13;
  of credit drawn by Tianwei in Chengdu, China and issued to China&#13;
  Merchants Bank, as collateral. The loan bears interest at a per&#13;
  annum rate equal to the LIBOR Rate for the applicable interest&#13;
  period plus 2% (2.89% at December 31, 2011) or, if the Company&#13;
  elects, any portion of the loan that is not less than $1.0&#13;
  million may bear interest at an annual rate equal to the rate of&#13;
  interest announced by the lender as its &amp;#147;prime&#13;
  rate.&amp;#148;&amp;nbsp;&amp;nbsp;The principal amount and any unpaid&#13;
  interest thereon must be paid in full by October&#13;
  2013.&amp;nbsp;&amp;nbsp;The Company also entered into a reimbursement&#13;
  agreement with Tianwei pursuant to which the Company agreed to&#13;
  reimburse Tianwei for all interest, fees and expenses incurred by&#13;
  Tianwei in connection with the negotiation, execution and&#13;
  performance of the standby letter of credit.&amp;nbsp;&amp;nbsp;As of&#13;
  December 31, 2011, the entire $13.0 million was&#13;
  outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  December 2010, the Company entered into a $10.0 million credit&#13;
  agreement with the New York branch of China Merchants Bank Co.,&#13;
  Ltd.&amp;nbsp;&amp;nbsp;The Company received the entire $10.0 million&#13;
  under this credit agreement, which is secured by cash collateral&#13;
  of 110% of the principal amount of the credit agreement in&#13;
  Renminbi provided by Tianwei.&amp;nbsp;&amp;nbsp;The loan bears interest&#13;
  at a per annum rate equal to the LIBOR Rate for the applicable&#13;
  interest period plus 2% (3.06% at December 31, 2011) or, if the&#13;
  Company elects, any portion of the loan that is not less than&#13;
  $1.0 million may bear interest at an annual rate equal to the&#13;
  rate of interest announced by the lender as its &amp;#147;prime&#13;
  rate.&amp;#148;&amp;nbsp;&amp;nbsp;The principal amount and any unpaid&#13;
  interest thereon must be paid in full by December 2013. The&#13;
  Company also entered into a reimbursement agreement with Tianwei&#13;
  pursuant to which the Company agreed to reimburse Tianwei for all&#13;
  interest, fees and expenses incurred by Tianwei in connection&#13;
  with providing the cash collateral.&amp;nbsp;&amp;nbsp;As of December 31,&#13;
  2011, the entire $10.0 million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
    February 2012, the Company entered into a $10.0 million credit&#13;
    agreement with the New York branch of China Merchants Bank Co.,&#13;
    Ltd.&amp;nbsp;&amp;nbsp;The loan under this credit agreement is secured&#13;
    by a standby letter of credit drawn by Tianwei and issued by&#13;
    the Chengdu branch of China Merchants Bank Co., Ltd. in favor&#13;
    of the New York branch.&amp;nbsp;&amp;nbsp;The loan bears interest at a&#13;
    per annum rate equal to the LIBOR Rate for the applicable&#13;
    interest period plus 2.0%.&amp;nbsp;&amp;nbsp;In addition, the Company&#13;
    will pay an annual facility fee of 2.5% on the outstanding&#13;
    balance of the loan.&amp;nbsp;&amp;nbsp;The principal amount and any&#13;
    unpaid interest thereon must be paid in full by February&#13;
    2017.&amp;nbsp;&amp;nbsp;The Company also entered into a reimbursement&#13;
    agreement with Tianwei pursuant to which the Company agreed to&#13;
    reimburse Tianwei for (a) any reimbursement obligations of&#13;
    Tianwei arising from any draws under the standby letter of&#13;
    credit and (b) all interest, fees and expenses incurred by&#13;
    Tianwei in connection with the negotiation, execution and&#13;
    performance of the standby letter of credit.&amp;nbsp;&amp;nbsp;In&#13;
    addition, the Company granted to Tianwei a security interest in&#13;
    all of its fixtures and personal property and all proceeds and&#13;
    products from such fixtures and personal property.&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;China&#13;
  Construction Bank &amp;#150; New York Branch&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  June 2010, the Company entered into a $28.3 million credit&#13;
  agreement with the New York branch of China Construction&#13;
  Bank.&amp;nbsp;&amp;nbsp;The loan under this credit agreement is secured&#13;
  by a standby letter of credit drawn by Tianwei and issued by the&#13;
  Sichuan branch of China Construction Bank in favor of the New&#13;
  York branch.&amp;nbsp;&amp;nbsp;The loan will bear interest at a per&#13;
  annum rate equal to the LIBOR Rate for the applicable interest&#13;
  period plus 1.875% (between 2.27% and 2.34% at December 31, 2011)&#13;
  or, if the Company elects, and if the bank agrees, any portion of&#13;
  the loan that is not less than $1.0 million may bear interest at&#13;
  an annual rate equal to the highest &amp;#147;Prime Rate&amp;#148; as&#13;
  published in the &amp;#147;Money Rates&amp;#148; column of the Eastern&#13;
  Edition of the Wall Street Journal from time to&#13;
  time.&amp;nbsp;&amp;nbsp;The principal amount and any unpaid interest&#13;
  thereon must be paid in full by June 2012. The Company also&#13;
  entered into a reimbursement agreement with Tianwei pursuant to&#13;
  which the Company agreed to reimburse Tianwei for all interest,&#13;
  fees and expenses incurred by Tianwei in connection with the&#13;
  negotiation, execution and performance of the standby letter of&#13;
  credit.&amp;nbsp;&amp;nbsp;As of December 31, 2011, the entire $28.3&#13;
  million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;China&#13;
  Construction Bank &amp;#150; Singapore Branch&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  October 2010, the Company entered into a $29.0 million credit&#13;
  agreement with the Singapore branch of China Construction&#13;
  Bank.&amp;nbsp;&amp;nbsp;The Company received the entire $29.0 million&#13;
  under this credit agreement which is secured by standby letters&#13;
  of credit drawn by Tianwei in Chengdu, China and issued to China&#13;
  Construction Bank Corporation, Sichuan Branch in favor of China&#13;
  Construction Bank &amp;#150; Singapore Branch.&amp;nbsp;&amp;nbsp;&amp;nbsp;The&#13;
  loan will bear interest at a per annum rate equal to the LIBOR&#13;
  Rate for the applicable interest period plus 2% (between 2.41%&#13;
  and 2.44% at December 31, 2011).&amp;nbsp;&amp;nbsp; The principal amount&#13;
  and any unpaid interest thereon must be paid in full by September&#13;
  2013. The Company also entered into a reimbursement agreement&#13;
  with Tianwei pursuant to which the Company agreed to reimburse&#13;
  Tianwei for all interest, fees and expenses incurred by Tianwei&#13;
  in connection with the negotiation, execution and performance of&#13;
  the standby letter of credit. As of December 31, 2011, the entire&#13;
  $29.0 million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Industrial&#13;
  and Commercial Bank of China &amp;#150; New York Branch&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  December 2010, the Company entered into a $15.5 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China, Ltd.&amp;nbsp;&amp;nbsp;The loans are secured by a standby&#13;
  letter of credit issued by the Sichuan Branch of Industrial and&#13;
  Commercial Bank of China and procured by Tianwei in favor of the&#13;
  lender and which has an aggregate drawable amount of $17.0&#13;
  million.&amp;nbsp;&amp;nbsp;The loans bear interest at a per annum rate&#13;
  equal to the LIBOR Rate for the applicable interest period plus&#13;
  2.6% (3.17% at December 31, 2011).&amp;nbsp;&amp;nbsp;The principal&#13;
  amount and any unpaid interest thereon must be paid in full by&#13;
  December 2013. The Company also entered into a reimbursement&#13;
  agreement with Tianwei pursuant to which the Company agreed to&#13;
  reimburse Tianwei for all interest, fees and expenses incurred by&#13;
  Tianwei in connection with the negotiation, execution and&#13;
  performance of the standby letter of credit.&amp;nbsp;&amp;nbsp;As of&#13;
  December 31, 2011, the entire $15.5 million was&#13;
  outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  January 2011, the Company entered into a $19.5 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China, Ltd.&amp;nbsp;&amp;nbsp;The loans are secured by a standby&#13;
  letter of credit issued by the Sichuan Branch of Industrial and&#13;
  Commercial Bank of China and procured by Tianwei in favor of the&#13;
  lender and which has an aggregate drawable amount of $22.0&#13;
  million.&amp;nbsp;&amp;nbsp;The loans bear interest at a per annum rate&#13;
  equal to the LIBOR Rate for the applicable interest period plus&#13;
  2.6% (2.99% at December 31, 2011).&amp;nbsp;&amp;nbsp;The principal&#13;
  amount and any unpaid interest thereon must be paid in full by&#13;
  January 2014. The Company also entered into a reimbursement&#13;
  agreement with Tianwei pursuant to which the Company agreed to&#13;
  reimburse Tianwei for all interest, fees and expenses incurred by&#13;
  Tianwei in connection with the negotiation, execution and&#13;
  performance of the standby letter of credit.&amp;nbsp;&amp;nbsp; As of&#13;
  December 31, 2011, the entire $19.5 million was&#13;
  outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  April 2011, the Company entered into a $15.0 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China, Ltd (the &amp;#147;Lender&amp;#148;).&amp;nbsp;&amp;nbsp;The loans&#13;
  are secured by a standby letter of credit issued by the Sichuan&#13;
  Branch of Industrial and Commercial Bank of China and procured by&#13;
  Tianwei in favor of the lender and which has an aggregate&#13;
  drawable amount of $16.5 million.&amp;nbsp;&amp;nbsp;The loan bears&#13;
  interest at a per annum rate equal to the LIBOR Rate for the&#13;
  applicable interest period plus 2.7% (3.08% at December 31,&#13;
  2011).&amp;nbsp;&amp;nbsp;The principal amount and any unpaid interest of&#13;
  the loan must be paid in full by April 2014 or the tenth business&#13;
  day prior to the date on which the letter of credit expires or&#13;
  otherwise terminates, whichever is earlier.&amp;nbsp;&amp;nbsp;The&#13;
  Company also entered into a reimbursement agreement with Tianwei&#13;
  pursuant to which the Company agreed to reimburse Tianwei for all&#13;
  interest, fees and expenses incurred by Tianwei in connection&#13;
  with the negotiation, execution and performance of the standby&#13;
  letter of credit.&amp;nbsp; As of December 31, 2011, the entire $15.0&#13;
  million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  June 2011, the Company entered into a $24.7 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China, Ltd (the &amp;#147;Lender&amp;#148;).&amp;nbsp;&amp;nbsp;The loan&#13;
  is secured by a standby letter of credit issued by the Sichuan&#13;
  Branch of Industrial and Commercial Bank of China and procured by&#13;
  Tianwei in favor of the lender and which has an aggregate&#13;
  drawable amount of not less than $30.1 million.&amp;nbsp;&amp;nbsp;The&#13;
  loan bears interest at a per annum rate equal to the LIBOR Rate&#13;
  for the applicable interest period plus 3.8% (4.33% at December&#13;
  31, 2011).&amp;nbsp;&amp;nbsp;The principal amount and any unpaid&#13;
  interest of the loan must be paid in full by June 2016 or the&#13;
  tenth business day prior to the date on which the letter of&#13;
  credit expires or otherwise terminates, whichever is&#13;
  earlier.&amp;nbsp;&amp;nbsp;The Company also entered into a reimbursement&#13;
  agreement with Tianwei pursuant to which the Company agreed to&#13;
  reimburse Tianwei for all interest, fees and expenses incurred by&#13;
  Tianwei in connection with the negotiation, execution and&#13;
  performance of the standby letter of credit.&amp;nbsp; As of December&#13;
  31, 2011, the entire $24.7 million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  September 2011, the Company entered into a $10.0 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China Ltd.&amp;nbsp;&amp;nbsp;The loans are secured by a standby&#13;
  letter of credit issued by Sichuan Branch of Industrial and&#13;
  Commercial Bank of China and procured by Tianwei in favor of the&#13;
  Lender and which has an aggregate drawable amount of not less&#13;
  than $11 million.&amp;nbsp;&amp;nbsp;The loans bear interest at a per&#13;
  annum rate equal to the LIBOR Rate for the applicable interest&#13;
  period plus 2.5% (3.04% at December 31, 2011).&amp;nbsp;&amp;nbsp;The&#13;
  principal amount and any unpaid interest of the loan must be paid&#13;
  in full by September 2014 or the tenth business day prior to the&#13;
  date on which the standby letter of credit expires or otherwise&#13;
  terminates, whichever is earlier. The Company also entered into a&#13;
  reimbursement agreement with Tianwei pursuant to which the&#13;
  Company agreed to reimburse Tianwei for all interest, fees and&#13;
  expenses incurred by Tianwei in connection with the negotiation,&#13;
  execution and performance of the standby letter of credit.&amp;nbsp;&#13;
  As of December 31, 2011, the entire $10.0 million was&#13;
  outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  October 2011, the Company entered into a $13.6 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China Ltd.&amp;nbsp;&amp;nbsp;The loan is secured by a standby&#13;
  letter of credit issued by Sichuan Branch of Industrial and&#13;
  Commercial Bank of China and procured by Tianwei in favor of the&#13;
  Lender and which has an aggregate drawable amount of not less&#13;
  than $15 million.&amp;nbsp;&amp;nbsp;The loans bear interest at a per&#13;
  annum rate equal to the LIBOR Rate for the applicable interest&#13;
  period plus 3.0% (3.38% at December 31, 2011).&amp;nbsp;&amp;nbsp;The&#13;
  principal amount and any unpaid interest of the loan must be paid&#13;
  in full by October 2014 or the tenth business day prior to the&#13;
  date on which the standby letter of credit expires or otherwise&#13;
  terminates, whichever is earlier. The Company also entered into a&#13;
  reimbursement agreement with Tianwei pursuant to which the&#13;
  Company agreed to reimburse Tianwei for all interest, fees and&#13;
  expenses incurred by Tianwei in connection with the negotiation,&#13;
  execution and performance of the standby letter of credit.&amp;nbsp;&#13;
  As of December 31, 2011, the entire $13.6 million was&#13;
  outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  November 2011, the Company entered into a $5.8 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China Ltd.&amp;nbsp;&amp;nbsp;The loan is secured by a standby&#13;
  letter of credit issued by Sichuan Branch of Industrial and&#13;
  Commercial Bank of China and procured by Tianwei in favor of the&#13;
  Lender and which has an aggregate drawable amount of not less&#13;
  than $6 million.&amp;nbsp;&amp;nbsp;The loans bear interest at a per&#13;
  annum rate equal to the LIBOR Rate for the applicable interest&#13;
  period plus 3.75% (4.27% at December 31, 2011).&amp;nbsp;&amp;nbsp;The&#13;
  principal amount and any unpaid interest of the loan must be paid&#13;
  in full by November 2014 or the tenth business day prior to the&#13;
  date on which the standby letter of credit expires or otherwise&#13;
  terminates, whichever is earlier. The Company also entered into a&#13;
  reimbursement agreement with Tianwei pursuant to which the&#13;
  Company agreed to reimburse Tianwei for all interest, fees and&#13;
  expenses incurred by Tianwei in connection with the negotiation,&#13;
  execution and performance of the standby letter of credit.&amp;nbsp;&#13;
  As of December 31, 2011, the entire $5.8 million was&#13;
  outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  January 2012, the Company entered into a $10.0 million credit&#13;
  agreement with the New York Branch of Industrial and Commercial&#13;
  Bank of China Ltd.&amp;nbsp;&amp;nbsp;The loan is secured by a standby&#13;
  letter of credit issued by Sichuan Branch of Industrial and&#13;
  Commercial Bank of China and procured by Tianwei in favor of the&#13;
  Lender and which has an aggregate drawable amount of not less&#13;
  than $12.4 million.&amp;nbsp;&amp;nbsp;The loans bear interest at a per&#13;
  annum rate equal to the LIBOR Rate for the applicable interest&#13;
  period plus 4.00%.&amp;nbsp;&amp;nbsp;The principal amount and any unpaid&#13;
  interest of the loan must be paid in full by January 2017 or the&#13;
  tenth business day prior to the date on which the standby letter&#13;
  of credit expires or otherwise terminates, whichever is earlier.&#13;
  The Company also entered into a reimbursement agreement with&#13;
  Tianwei pursuant to which the Company agreed to reimburse Tianwei&#13;
  for all interest, fees and expenses incurred by Tianwei in&#13;
  connection with the negotiation, execution and performance of the&#13;
  standby letter of credit.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;CITIC&#13;
  Bank International Limited &amp;#150; New York Branch&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  February 2011, the Company entered into a $19.0 million credit&#13;
  agreement with the New York Branch of CITIC Bank International&#13;
  Limited.&amp;nbsp;&amp;nbsp;The Company can receive up to $19.0 million&#13;
  of the loan which is secured by standby letters of credit issued&#13;
  by China Branch of CITIC Bank International Limited and procured&#13;
  by Tianwei in favor of CITIC Bank International&#13;
  Limited.&amp;nbsp;&amp;nbsp;The loans will bear interest at a per annum&#13;
  rate equal to the LIBOR Rate for the applicable interest period&#13;
  plus 2.5% (2.81% at December 31, 2011).&amp;nbsp;&amp;nbsp;The principal&#13;
  amount and any unpaid interest thereon must be paid in full by&#13;
  January 2013. The Company also entered into a reimbursement&#13;
  agreement with Tianwei pursuant to which the Company agreed to&#13;
  reimburse Tianwei for all interest, fees and expenses incurred by&#13;
  Tianwei in connection with the negotiation, execution and&#13;
  performance of the standby letters of credit.&amp;nbsp;&amp;nbsp; The&#13;
  Company borrowed $8.9 million, $7.0 million and $2.0 million in&#13;
  May, March and February 2011, respectively.&amp;nbsp;&amp;nbsp;As of&#13;
  December 31, 2011, $18.2 million was outstanding.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Bank&#13;
  of China &amp;#150; New York Branch&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  February 2011, the Company and its subsidiary Hoku Materials&#13;
  entered into a credit agreement with the New York Branch of Bank&#13;
  of China that provides for one or more revolving loans in an&#13;
  aggregate principal amount not to exceed the lesser of (i) $30.0&#13;
  million or (ii) the aggregate amount of the letters of credit&#13;
  procured by Tianwei.&amp;nbsp;&amp;nbsp;As of March 31, 2011, Tianwei has&#13;
  procured a letter of credit issued by the Sichuan Branch of Bank&#13;
  of China in favor of the lender.&amp;nbsp;&amp;nbsp;The loans bear&#13;
  interest at a per annum rate equal to the LIBOR Rate for the&#13;
  applicable interest period plus 2.4% (between 2.77% and 2.93% at&#13;
  December 31, 2011).&amp;nbsp; The principal amount of the loans and&#13;
  any unpaid interest must be paid in full by the earlier of (i)&#13;
  February 25, 2014 or (ii) the 15th business day prior to the date&#13;
  on which the letters of credit expires or&#13;
  terminates.&amp;nbsp;&amp;nbsp;The Company may prepay the loans, in whole&#13;
  or in part, at any time without penalty. The Company also entered&#13;
  into a reimbursement agreement with Tianwei pursuant to which it&#13;
  agreed to reimburse Tianwei for all interest, fees and expenses&#13;
  incurred by Tianwei in connection with the negotiation, execution&#13;
  and performance of the standby letters of credit.&amp;nbsp;&amp;nbsp;As&#13;
  of December 31, 2011, the entire $30.0 million was&#13;
  outstanding.&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  August 2011, the Company and its subsidiary Hoku Materials, Inc.&#13;
  entered into a Credit Agreement with the New York Branch of Bank&#13;
  of China that provides for one or more revolving loans in an&#13;
  aggregate principal amount not to exceed the lesser of (i) $15.0&#13;
  million or (ii) the aggregate amount of the letters of credit&#13;
  procured by Tianwei.&amp;nbsp;&amp;nbsp;As of August 22, 2011, Tianwei&#13;
  has procured a standby letter of credit issued by the Sichuan&#13;
  Branch of Bank of China in favor of the.&amp;nbsp;&amp;nbsp;The Loans&#13;
  bear interest at a per annum rate equal to the LIBOR Rate for the&#13;
  applicable interest period plus 2.5% (between 2.97% and 3.02% at&#13;
  December 31, 2011).&amp;nbsp;&amp;nbsp;The principal amount of the Loans&#13;
  and any unpaid interest thereon must be paid in full by (i)&#13;
  August 16, 2016 or the (ii) 15th business day prior to the date&#13;
  on which the letters of credit expires or terminates. The Company&#13;
  may prepay the Loans, in whole or in part, at any time without&#13;
  penalty. The Company also entered into a reimbursement agreement&#13;
  with Tianwei pursuant to which it agreed to reimburse Tianwei for&#13;
  all interest, fees and expenses incurred by Tianwei in connection&#13;
  with the negotiation, execution and performance of the standby&#13;
  letters of credit.&amp;nbsp;&amp;nbsp;As of December 31, 2011, the entire&#13;
  $15.0 million was outstanding.&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  October 2011, the Company and its subsidiary Hoku Materials, Inc.&#13;
  entered into a Credit Agreement with the New York Branch of Bank&#13;
  of China that provides for one or more revolving loans in an&#13;
  aggregate principal amount not to exceed the lesser of (i) $22.1&#13;
  million or (ii) the aggregate amount of the letters of credit&#13;
  procured by Tianwei.&amp;nbsp;&amp;nbsp;As of August 22, 2011, Tianwei&#13;
  has procured a standby letter of credit issued by the Sichuan&#13;
  Branch of Bank of China in favor of the lender.&amp;nbsp;&amp;nbsp;The&#13;
  Loans bear interest at a per annum rate equal to the LIBOR Rate&#13;
  for the applicable interest period plus 3.0% (between 3.39% and&#13;
  3.40% at December 31, 2011).&amp;nbsp;&amp;nbsp;The principal amount of&#13;
  the Loans and any unpaid interest thereon must be paid in full by&#13;
  (i) October 12, 2016 or the (ii) 15th business day prior to the&#13;
  date on which the letters of credit expires or terminates. The&#13;
  Company may prepay the Loans, in whole or in part, at any time&#13;
  without penalty. The Company also entered into a reimbursement&#13;
  agreement with Tianwei pursuant to which it agreed to reimburse&#13;
  Tianwei for all interest, fees and expenses incurred by Tianwei&#13;
  in connection with the negotiation, execution and performance of&#13;
  the standby letters of credit.&amp;nbsp;&amp;nbsp;As of December 31,&#13;
  2011, the entire $22.1 million was&#13;
  outstanding.&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(b)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Related&#13;
    Party Notes Payable, net&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Tianwei&#13;
  New Energy Holding Co. Ltd.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
  of December 31, 2011, the Company has $50.0 million in notes&#13;
  payable to Tianwei. The Company received the first tranche of&#13;
  $20.0 million in January 2010 and received the second tranche of&#13;
  $30.0 million in March 2010.&amp;nbsp;&amp;nbsp;The notes bear an annual&#13;
  interest rate of 5.94% and have a term of two&#13;
  years.&amp;nbsp;&amp;nbsp;Pursuant to the loan agreement, the Company has&#13;
  pledged a security interest in all of its assets to&#13;
  Tianwei.&amp;nbsp;&amp;nbsp;The $20.0 million and $30.0 million in loan&#13;
  proceeds become due in January and March 2012, respectively, with&#13;
  no penalty for earlier prepayment of principal, and interest&#13;
  payments are due quarterly.&amp;nbsp;&amp;nbsp;In January 2012, Tianwei&#13;
  agreed to extend the due dates of the $20.0 million and $30.0&#13;
  million loans by one year to January and March 2013,&#13;
  respectively.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
  part of the financing agreement, the Company also granted to&#13;
  Tianwei a warrant to purchase an additional 10 million shares of&#13;
  the Company&amp;#146;s common stock.&amp;nbsp;&amp;nbsp;The terms of the&#13;
  warrant include: (i) a per share exercise price equal to $2.52;&#13;
  (ii) an exercise period of seven years; and (iii) provision for a&#13;
  cashless, net-issue exercise.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  accounting of the warrant and debt was based on their relative&#13;
  fair values and calculated to be $12.9 million and $37.1 million,&#13;
  respectively, in proportion to the $50.0 million in loan&#13;
  proceeds.&amp;nbsp;&amp;nbsp;The fair value of the warrant was calculated&#13;
  using the Black-Scholes option pricing model, and the fair value&#13;
  of the debt was based on the present value of cash flows,&#13;
  discounted at a 7% interest rate.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 27pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company recorded approximately $1.2 million in transaction costs&#13;
  and $12.9 million of related fair value of the warrants as&#13;
  deferred costs of debt financing totaling $14.1&#13;
  million.&amp;nbsp;&amp;nbsp;Accordingly, $12.9 million was reclassified&#13;
  as a discount on the debt and $1.2 million was deferred as cost&#13;
  of debt financing.&amp;nbsp;&amp;nbsp;The deferred cost of debt financing&#13;
  and discount on the debt will be amortized over the two year term&#13;
  of the $50.0 million in notes payable, using the effective&#13;
  interest method, and capitalized as construction in progress&#13;
  related to the polysilicon production facility.&amp;nbsp;&amp;nbsp;As of&#13;
  December 31, 2011 and March 31, 2011, the carrying value of the&#13;
  $50.0 million in notes payable was $49.0 million and $43.6&#13;
  million, respectively, net of the respective unamortized&#13;
  discounts of $1.0 million and $6.4 million.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Based&#13;
  on existing terms of the various credit agreements, the&#13;
  Company&amp;#146;s notes payable balances would be required to be&#13;
  repaid in the years ending December 31, 2012 through 2016 as&#13;
  indicated in the following table.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Year&#13;
          ending December 31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(in&#13;
          thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2012&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;63,300&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2013&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;145,678&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2014&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;93,900&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2015&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="85%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;2016&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;61,810&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="85%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;364,688&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="85%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Unamortized&#13;
          discount&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(1,042&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="85%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="12%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;363,646&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
      &lt;font&#13;
      style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Under&#13;
      the terms of all of the Company's supply agreements, the&#13;
      failure to deliver polysilicon by the stated delivery dates&#13;
      will allow the customers to terminate the supply agreements,&#13;
      require the repayments of the deposits under the agreements,&#13;
      which in turn could result in an event of default under the&#13;
      Company's existing credit agreements with its third-party&#13;
      lenders.&amp;nbsp;&amp;nbsp;If the Company is determined to be in&#13;
      default, its lenders will have the right to declare the&#13;
      outstanding principal and unpaid interest thereon due and&#13;
      payable.&amp;nbsp;&amp;nbsp;The third party credit agreements are all&#13;
      secured by standby letters of credit drawn by the Company's&#13;
      majority shareholder, Tianwei, as collateral. To the extent&#13;
      that the third party lenders accelerate repayment of the&#13;
      debt, Tianwei has provided a letter of commitment to the&#13;
      Company that it would not demand repayment from the Company&#13;
      until the original due dates of the third party credit&#13;
      agreements ranging from May 2012 to February 2017.&lt;/font&gt;&#13;
    &lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
</us-gaap:DebtDisclosureTextBlock>
  <us-gaap:StockholdersEquityNoteDisclosureTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(7)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Total&#13;
  Equity&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Changes&#13;
  in total equity for the nine months ended December 31, 2011 were&#13;
  as follows (in thousands):&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="14"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 24.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Hoku&#13;
          Corporation Shareholders&amp;#146; Equity&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" colspan="2"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" colspan="2"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" colspan="2"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Common&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Additional&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Paid-In&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Accumulated&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Noncontrolling&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Total&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Comprehensive&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Stock&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Warrant&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Capital&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Deficit&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Interest&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Equity&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Loss&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 2px"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="23%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Balance&#13;
          as of March 31, 2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left" width="1%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
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      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
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      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
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      &lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"&#13;
      width="1%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&#13;
      style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"&#13;
      width="8%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(61,142&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" width="1%"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"&#13;
      width="1%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&#13;
      style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"&#13;
      width="8%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;680&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" width="1%"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"&#13;
      width="1%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&#13;
      style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"&#13;
      width="8%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;69,839&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" width="1%"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: left"&#13;
      width="1%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td&#13;
      style="BORDER-BOTTOM: black 4px double; TEXT-ALIGN: right"&#13;
      width="8%" valign="bottom"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(28,622&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="TEXT-ALIGN: left; PADDING-BOTTOM: 4px" width="1%"&#13;
      valign="bottom" nowrap="nowrap"&gt;&#13;
        &lt;font&#13;
        style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;In December 2009, as part of the financing agreement with&#13;
  Tianwei, the Company granted to Tianwei a warrant to purchase 10&#13;
  million shares of the Company&amp;#146;s common stock.&amp;nbsp;&amp;nbsp;The&#13;
  terms of the warrant include: (i) a per share exercise price&#13;
  equal to $2.52; (ii) an exercise period of seven years; and (iii)&#13;
  provision for a cashless, net-issue exercise.&amp;nbsp;&amp;nbsp;The&#13;
  accounting of the warrant was based on the relative fair value of&#13;
  the shares issuable upon exercise of the warrant and calculated&#13;
  to be $12.9 million.&amp;nbsp;&amp;nbsp;The fair value of the warrant was&#13;
  calculated using the Black-Scholes option pricing model.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
  June 2011, as part of the amended supply agreement with&#13;
  Solargiga, the Company granted to Solargiga a warrant to purchase&#13;
  1,196,581 shares of the Company&amp;#146;s common stock. The terms of&#13;
  the warrant include: (i) a per share exercise price equal to&#13;
  $2.75; (ii) a five year term; and (iii) immediately exercisable.&#13;
  The accounting of the warrant was based on the fair value of the&#13;
  warrant at the date of grant and was estimated to be $1.4&#13;
  million, using the Black-Scholes option pricing&#13;
  model.&amp;nbsp;&amp;nbsp;The issuance of the warrant is reflected in the&#13;
  Company&amp;#146;s statement of operations for the nine month period&#13;
  ended December 31, 2011 as a non-cash operating expense.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
</us-gaap:StockholdersEquityNoteDisclosureTextBlock>
  <us-gaap:IncomeTaxDisclosureTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(8)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Income&#13;
  Taxes&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;br /&gt;&#13;
&lt;font&#13;
style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Income&#13;
taxes are accounted for under the asset and liability method, which&#13;
establishes financial accounting and reporting standards for income&#13;
taxes. The Company recognizes federal and state current tax&#13;
liabilities based on its estimate of taxes payable to or refundable&#13;
by each tax jurisdiction in the current fiscal year.&lt;/font&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Deferred&#13;
  tax assets and liabilities are established for the temporary&#13;
  differences between the financial reporting bases and the tax&#13;
  bases of the Company&amp;#146;s assets and liabilities at the tax&#13;
  rates the Company expects to be in effect when these deferred tax&#13;
  assets or liabilities are anticipated to be recovered or settled.&#13;
  The Company&amp;#146;s ultimate realization of deferred tax assets is&#13;
  dependent upon the generation of future taxable income during&#13;
  periods in which those temporary differences become deductible.&#13;
  The Company records a valuation allowance to reduce deferred tax&#13;
  assets by the amount of any tax benefits that, based on available&#13;
  evidence and judgment, are not expected to be realized. Based on&#13;
  the best available objective evidence, it is more likely than not&#13;
  that the Company&amp;#146;s net deferred tax assets will not be&#13;
  realized. Accordingly, the Company continues to provide a full&#13;
  valuation allowance against its net deferred tax assets as of&#13;
  December 31, 2011.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
</us-gaap:IncomeTaxDisclosureTextBlock>
  <us-gaap:EarningsPerShareTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(9)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Net&#13;
  Loss per Share&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Basic&#13;
  net loss per share is computed by dividing net loss by the&#13;
  weighted average number of shares of common stock outstanding and&#13;
  not subject to repurchase during the period. Diluted net loss per&#13;
  share is computed by dividing net loss by the sum of the weighted&#13;
  average number of shares of common stock outstanding, and the&#13;
  dilutive potential common equivalent shares outstanding during&#13;
  the period. Dilutive potential common equivalent shares consist&#13;
  of dilutive shares of common stock subject to repurchase and&#13;
  dilutive shares of common stock issuable upon the exercise of&#13;
  outstanding options to purchase common stock, computed using the&#13;
  treasury stock method.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  following table sets forth the computation of basic and diluted&#13;
  net loss per share, including the reconciliation of the&#13;
  denominator used in the computation of basic and diluted net loss&#13;
  per share (in thousands, except share and per share data):&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Three&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Nine&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 16.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="14"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 38.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(in&#13;
          thousands, except share and per share data)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Numerator:&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="48%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
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          net loss per share attributable to Hoku&#13;
          Corporation&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(0.19&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
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      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(0.06&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
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      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
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      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
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      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
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      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
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        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
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          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
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    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
&lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
&lt;/a&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  basic weighted average shares of common stock for the three and&#13;
  nine months ended December 31, 2011 and 2010 excludes unvested&#13;
  restricted shares of common stock.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;During&#13;
  the three and nine months ended December 31, 2011, potential&#13;
  dilutive securities included options to purchase 49,999 shares of&#13;
  common stock, at prices ranging from $0.15 to $0.38 per&#13;
  share.&amp;nbsp;&amp;nbsp;During the three and nine months ended December&#13;
  31, 2010, potential dilutive securities included options to&#13;
  purchase 227,344 and 245,678 shares of common stock, at prices&#13;
  ranging from $0.075 to $2.75 per share in both&#13;
  periods.&amp;nbsp;&amp;nbsp;During the three and nine month periods ended&#13;
  December 31, 2011 and 2010, all potential common equivalent&#13;
  shares were anti-dilutive and were excluded in computing diluted&#13;
  net loss per share, due to the Company&amp;#146;s net loss for both&#13;
  periods.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div align="left"&#13;
  style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
</us-gaap:EarningsPerShareTextBlock>
  <us-gaap:CommitmentsAndContingenciesDisclosureTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(10)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Commitments,&#13;
    Contingencies and Purchase Obligations&lt;/font&gt;&lt;/font&gt;&#13;
  &lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
  &lt;font style="FONT-STYLE: italic; DISPLAY: inline"&gt;GEC Graeber&#13;
  Engineering Consultants GmbH and MSA Apparatus Construction for&#13;
  Chemical Equipment Ltd.&lt;/font&gt; The Company entered into a&#13;
  contract with GEC Graeber Engineering Consultants GmbH, or GEC,&#13;
  and MSA Apparatus Construction for Chemical Equipment Ltd., or&#13;
  MSA, for the purchase and sale of 16 polysilicon reactors and&#13;
  eight hydrogenation reactors for the production of polysilicon,&#13;
  and related engineering and installation services. Under the&#13;
  contract, the Company will pay up to a total of 20.9 million&#13;
  Euros for the reactors. The reactors are designed and engineered&#13;
  to produce approximately 2,000 metric tons of polysilicon per&#13;
  year. The term of the contract extends until the end of the first&#13;
  month after the expiration date of the warranty period, but may&#13;
  be terminated earlier under certain circumstances.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;As&#13;
  of December 31, 2011, the Company received 16 polysilicon&#13;
  reactors and eight hydrogenation reactors, and related equipment&#13;
  from GEC and MSA, at the Polysilicon Plant, and all of these&#13;
  reactors have been assembled and put into place on the&#13;
  Polysilicon Plant&amp;#146;s production floor.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;During&#13;
  the nine months ended December 31, 2011, the Company made&#13;
  payments to GEC and MSA of 495,000 Euros or $704,000, and as of&#13;
  December 31, 2011, the Company had paid GEC and MSA an aggregate&#13;
  amount of 19.5 million Euros or $27.4 million.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
  &lt;font style="FONT-STYLE: italic; DISPLAY: inline"&gt;Idaho Power&#13;
  Company&lt;/font&gt;.&amp;nbsp;&amp;nbsp;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company entered into an Electric Service Agreement with Idaho&#13;
  Power, or the ESA, for the supply of electric power and energy to&#13;
  the Company for use in the Polysilicon Plant, subject to the&#13;
  approval of the Idaho Public Utilities Commission, or the IPUC.&#13;
  The term of the ESA is four years, beginning in June 2009 and&#13;
  expiring in May 2013. During the term of the ESA, Idaho Power&#13;
  agrees to make up to 82,000 kilowatts of power available to the&#13;
  Company at certain fixed rates, which are subject to change only&#13;
  by action of the IPUC.&amp;nbsp;&amp;nbsp;After the initial term of the&#13;
  ESA expires, either the Company or Idaho Power may terminate the&#13;
  ESA without prejudice.&amp;nbsp;&amp;nbsp;If neither party chooses to&#13;
  terminate the ESA, then Idaho Power will continue to provide&#13;
  electric service to the Company.&amp;nbsp;&amp;nbsp;As of December 31,&#13;
  2011, the Company was contractually obligated to pay&#13;
  approximately $67.1 million to Idaho Power over the term of the&#13;
  ESA.&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;During&#13;
  the nine months ended December 31, 2011, the Company made&#13;
  payments to Idaho Power of $17.2 million pursuant to the&#13;
  ESA.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;In&#13;
    February 2012, the Company and Idaho Power filed a stipulation&#13;
    (the &amp;#147;Stipulation&amp;#148;) with the IPUC to amend the&#13;
    ESA.&amp;nbsp;&amp;nbsp;If the Stipulation is approved by IPUC, the&#13;
    Company and Idaho Power will enter into an amended and restated&#13;
    Electric Service Agreement (the &amp;#147;AESA&amp;#148;) based on the&#13;
    terms set forth in the Stipulation.&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
    &lt;br /&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Pursuant&#13;
    to the AESA, the Company would be granted an 18-month deferral&#13;
    period from January 1, 2012 to June 30, 2013 during which the&#13;
    Company&amp;#146;s monthly billed energy charge would be reduced&#13;
    from $2.0 million to $800,000.&amp;nbsp;&amp;nbsp;The Company would&#13;
    also be required to make an extra one-time payment to Idaho&#13;
    Power of $3.8 million, and Idaho Power would apply $2.0 million&#13;
    of the Company&amp;#146;s existing $4.0 million deposit to the&#13;
    one-time payment.&amp;nbsp;&amp;nbsp;The Company would be charged an&#13;
    additional $100,000 per month during the 18-month deferral&#13;
    period in order to pay off the remaining amount of the one-time&#13;
    payment.&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
    &lt;br /&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Idaho&#13;
    Power would create a balancing account during the 18-month&#13;
    deferral period for the difference between the monthly minimum&#13;
    billed energy under the ESA and the monthly billed energy that&#13;
    results from the ESA. The maximum amount of this balancing&#13;
    account would be capped at $16.5 million and would be balanced&#13;
    against the Company&amp;#146;s actual energy consumption during the&#13;
    deferral period.&amp;nbsp;&amp;nbsp;Beginning in January 2014, the&#13;
    Company would be required to repay the balancing account by&#13;
    making additional payments to Idaho Power equal to 1/12th of&#13;
    the total amount of the balancing account until the balancing&#13;
    account reaches zero.&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
    &lt;br /&gt;&#13;
  &lt;/div&gt;&#13;
  &lt;div&#13;
  style="TEXT-ALIGN: justify; LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
    &lt;font&#13;
    style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
    Company&amp;#146;s monthly power demand would be capped at 20,000&#13;
    kilowatts during the 18-month deferral period, and if the&#13;
    Company exceeds that cap, it would be charged the Monthly&#13;
    Minimum Billed Energy Charge according to the ESA for the&#13;
    remainder of the 18-month deferral period.&amp;nbsp;&amp;nbsp;The term&#13;
    of the ESA would be extended to December 1, 2014, during which&#13;
    time the Company will pay embedded-cost rates beginning with&#13;
    service provided on and after December 1, 2013, including the&#13;
    then applicable Minimum Billed Energy Charge.&lt;/font&gt;&#13;
  &lt;/div&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
  &lt;font style="FONT-STYLE: italic; DISPLAY: inline"&gt;PVA Tepla&#13;
  Danmark.&lt;/font&gt; In April 2008, the Company entered into an&#13;
  agreement with PVA Tepla Danmark, or PVA, for the purchase and&#13;
  sale of slim rod pullers and float zone crystal pullers. Under&#13;
  the agreement, PVA is obligated to manufacture and deliver the&#13;
  slim rod pullers and float zone crystal pullers for the&#13;
  Polysilicon Plant. Slim rod pullers are used to make thin rods of&#13;
  polysilicon that are then transferred into polysilicon deposition&#13;
  reactors to be grown through a chemical vapor deposition process&#13;
  into polysilicon rods for commercial sale to the Company&amp;#146;s&#13;
  end customers. The float zone crystal pullers convert the slim&#13;
  rods into single crystal silicon for use in testing the quality&#13;
  and purity of the polysilicon. The total amount payable to PVA is&#13;
  approximately $6.0 million, which is payable in four&#13;
  installments, the first of which was made in August 2008. Either&#13;
  party may terminate the agreement if the other party is in&#13;
  material breach of the agreement and has not cured such breach&#13;
  within 180 days after receipt of written notice of the breach, or&#13;
  if the other party is bankrupt, insolvent, or unable to pay its&#13;
  debts.&amp;nbsp;&amp;nbsp;In June 2011, the Company amended this&#13;
  agreement to restructure the payment terms with PVA as follows:&#13;
  (i) in July 2011, the Company paid $318,000; (ii) in July 2011,&#13;
  the Company delivered a letter of credit in the amount of&#13;
  $636,000; and (iii) in December 2011, the Company paid&#13;
  $318,000.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;During&#13;
  the nine months ended December 31, 2011, the Company made&#13;
  payments to PVA $2.7 million, and as of December 31, 2011, the&#13;
  Company had paid PVA an aggregate amount of $6.6 million. As of&#13;
  December 31, 2011, the slim rod pullers and float zone crystal&#13;
  pullers have been delivered and accepted.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
  &lt;font style="FONT-STYLE: italic; DISPLAY: inline"&gt;Evonik Degussa&#13;
  Corporation.&lt;/font&gt; &amp;nbsp;&amp;nbsp;In March 2010, the Company&#13;
  entered into an agreement with Evonik Degussa Corporation, or&#13;
  Evonik, for the supply of TCS for use in the manufacturing of&#13;
  polysilicon for a term of approximately one year ending in&#13;
  February 2011.&amp;nbsp;&amp;nbsp;In April 2010, the Company paid Evonik&#13;
  a $100,000 deposit for the ISO containers that will transport the&#13;
  TCS to our facility in Pocatello, Idaho.&amp;nbsp;&amp;nbsp;In February&#13;
  2011, the Company amended and restated this agreement to, among&#13;
  other things, extend the term of the agreement to November&#13;
  2011.&amp;nbsp;&amp;nbsp;Under the amended agreement, Evonik has agreed&#13;
  to sell to the Company a minimum quantity of TCS during the term&#13;
  of the agreement.&amp;nbsp;&amp;nbsp;Pricing is fixed based on the&#13;
  quantity supplied in each calendar month and based on our&#13;
  frequency of payment.&amp;nbsp;&amp;nbsp;Commencing in May 2011, the&#13;
  Company will forecast its estimated desired monthly quantity of&#13;
  TCS.&amp;nbsp;&amp;nbsp;Pursuant to the agreement, Evonik is required to&#13;
  provide a minimum amount of TCS per calendar month, and it will&#13;
  use commercially reasonable efforts to provide additional&#13;
  quantities that we may request in addition to the monthly minimum&#13;
  amount.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  aggregate net value of the TCS to be purchased under the amended&#13;
  agreement during the term is approximately $13.5 million. During&#13;
  the nine months ended December 31, 2011, the Company had paid&#13;
  Evonik an aggregate amount of $1.2 million, and as of December&#13;
  31, 2011, the Company paid Evonik an aggregate amount of $1.3&#13;
  million.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;If&#13;
  the Company is unable to secure additional financing to complete&#13;
  the construction of the Polysilicon Plant, the Company would need&#13;
  to curtail construction of the Polysilicon Plant.&amp;nbsp;&amp;nbsp;If&#13;
  the Company elects to curtail construction, it would not be able&#13;
  to produce its own polysilicon to meet the delivery requirements&#13;
  under certain polysilicon agreements.&amp;nbsp;&amp;nbsp;The Company was&#13;
  required to make polysilicon deliveries beginning in June&#13;
  2011.&amp;nbsp;&amp;nbsp;The Company did not make any shipments by&#13;
  December 31, 2011, and is in discussions with its customers&#13;
  regarding a possible amendment of the&#13;
  agreements.&amp;nbsp;&amp;nbsp;During fiscal 2012, the Company estimates&#13;
  that it may need to purchase between 300 to 500 metric tons of&#13;
  polysilicon to meet the minimum delivery requirements of its&#13;
  polysilicon contracts.&amp;nbsp;&amp;nbsp;The revenue from the 300 to 500&#13;
  metric tons that the Company may need to deliver during fiscal&#13;
  2012 may result in a loss on the subsequent sale of polysilicon&#13;
  under the current polysilicon agreements.&amp;nbsp; As of December&#13;
  31, 2011, the Company has not entered into any agreements to&#13;
  purchase polysilicon.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&amp;nbsp;&lt;/div&gt;&#13;
</us-gaap:CommitmentsAndContingenciesDisclosureTextBlock>
  <us-gaap:SegmentReportingDisclosureTextBlock contextRef="d_2011-04-01_2011-12-31">&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;(11)&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&amp;nbsp;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Operating&#13;
  Segments&lt;/font&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
  &lt;br /&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;Operating&#13;
  segments are components of an enterprise for which discrete&#13;
  financial information is available that is evaluated regularly by&#13;
  the chief operating decision maker, or decision-making group, in&#13;
  deciding how to allocate resources and in assessing performance.&#13;
  The Company&amp;#146;s chief operating decision-making group is made&#13;
  up of the Chief Executive Officer, President, Chief Financial&#13;
  Officer, Chief Strategy Officer and the President of Hoku&#13;
  Materials. &amp;nbsp;The chief operating decision-making group&#13;
  manages the profitability, cash flows, and assets of each&#13;
  segment&amp;#146;s various product or service lines and&#13;
  businesses.&amp;nbsp;&amp;nbsp;The Company has three operating business&#13;
  units: Hoku Solar, Hoku Materials and Tianwei Solar. Hoku Solar&#13;
  installs PV systems, Hoku Materials will manufacture polysilicon&#13;
  for resale, and Tianwei Solar, which was incorporated in October&#13;
  2011, resells and distributes photovoltaic modules.&amp;nbsp;&amp;nbsp;A&#13;
  description of the products for each business unit is described&#13;
  in Note 1 of the Consolidated Financial Statements.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="justify"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Three&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;&amp;nbsp;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Nine&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="14"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(amounts&#13;
          in thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Revenue:&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Hoku&#13;
          Solar&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;7,083&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,226&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;9,457&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;3,330&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Hoku&#13;
          Materials&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;16&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;27&lt;/font&gt;&#13;
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      &lt;td width="1%" valign="bottom"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="48%" valign="bottom"&#13;
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        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
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          Solar&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
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      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
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      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="48%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Total&#13;
          consolidated revenue&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;7,083&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;1,242&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;9,457&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;3,357&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Three&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Nine&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 6.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="14"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(amounts&#13;
          in thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Income&#13;
          (loss) from operations:&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="2" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
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        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(28,622&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(7,809&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&#13;
  &lt;a&gt;&#13;
&lt;!--EFPlaceholder--&gt;&#13;
  &lt;/a&gt;The reconciliation of segment operating results to the&#13;
  Company&amp;#146;s consolidated totals was as follows:&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Three&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 18.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;Nine&#13;
          Months Ended&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 17.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 5.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2010&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="top" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="14"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 13.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(amounts&#13;
          in thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Consolidated&#13;
          loss from operations&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(10,573)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(3,050&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(28,622&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(7,809&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Interest&#13;
          and other income&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;27&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;#151;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;166&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="48%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Net&#13;
          income attributable to noncontrolling interest&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(13)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(23&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(82)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="1%"&#13;
      valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(97&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" width="1%" valign="top"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="48%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="10%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="top" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="48%" valign="bottom"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0.8pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Net&#13;
          loss attributable to Hoku Corporation&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(10,586)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(3,046&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(28,704&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="1%"&#13;
      valign="top" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 4px double" width="10%"&#13;
      valign="top" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(7,740&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 4px" width="1%" valign="top"&#13;
      align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 2.4pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
  &lt;/table&gt;&#13;
&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block"&gt;&#13;
&amp;nbsp;&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;The&#13;
  Company allocates its assets to its business units based on the&#13;
  primary business units benefiting from the assets. Unallocated&#13;
  assets are composed primarily of cash and cash equivalents and&#13;
  office equipment and furniture. Capital additions for the Hoku&#13;
  Materials business unit primarily relate to construction in&#13;
  progress.&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&#13;
style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt"&gt;&#13;
  &lt;font&#13;
  style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
&lt;/div&gt;&#13;
&lt;div align="left"&gt;&#13;
  &lt;table&#13;
  style="FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-SIZE: 10pt; FONT-FAMILY: times new roman"&#13;
   width="100%" cellspacing="0" cellpadding="0"&gt;&#13;
    &lt;tr&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;&amp;nbsp;&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;December&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
      &lt;td style="BORDER-BOTTOM: black 2px solid" valign="bottom"&#13;
      colspan="2"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;March&#13;
          31,&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 3.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold"&gt;2011&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td style="PADDING-BOTTOM: 2px" valign="bottom" align="left"&gt;&#13;
      &amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Identifiable&#13;
          assets:&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td valign="bottom" colspan="6"&gt;&#13;
        &lt;div align="center"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 11.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;(amounts&#13;
          in thousands)&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="white"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Hoku&#13;
          Solar&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;8,183&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;$&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;4,356&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
    &lt;/tr&gt;&#13;
    &lt;tr bgcolor="#C0FFFF"&gt;&#13;
      &lt;td width="70%" valign="bottom" align="left"&gt;&#13;
        &lt;div align="left"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;Hoku&#13;
          Materials&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
      &lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="right"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="1%" valign="bottom" align="left"&gt;&amp;nbsp;&lt;/td&gt;&#13;
      &lt;td width="12%" valign="bottom" align="right"&gt;&#13;
        &lt;div align="right"&#13;
        style="LINE-HEIGHT: 1.25; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 1.6pt"&gt;&#13;
          &lt;font&#13;
          style="DISPLAY: inline; FONT-FAMILY: times new roman; FONT-SIZE: 10pt"&gt;642,765&lt;/font&gt;&#13;
        &lt;/div&gt;&#13;
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