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spotfire

04/15/13 5:15 PM

#55656 RE: spotfire #55655

IMHO-- my interpretation of this is that these are admin fees and other expenses associated with obtaining the CE mark. Likely, this was the bone of contention delaying the auditors 'signoff' on the financials. Many times these fees can be capitalized and amortized over future periods benefited from the resulting asset. However, if these are fees and expense associated with Expert Resources and those fees and expenses are being financed with the resulting intangible asset rather than being paid now, then it would have to be expensed until the asset (CE Mark) is obtained. If this is the case, then whomever is financing the fees (probably Expert resources) believes strongly there will be an intangible asset (CE Mark) to be obtained with work done to date.