Level 1

Level 2

Level 3

Total

Money market funds – Cash and cash equivalents

$ 

1,273,752

$

-

$

-

$

1,273,752

Videocon Industries Limited global depository receipts

6,020,777

-

-

6,020,777

Total financial assets

$ 

7,294,529

$

-

$

-

$

7,294,529

Level 1

Level 2

Level 3

Total

Money market funds – Cash and cash equivalents

$

339,693

$

-

$

-

$

339,693

U.S. government securities - Cash and cash equivalents

-

500,000

-

500,000

Videocon Industries Limited global depository receipts

4,728,367

-

-

4,728,367

Total financial assets

$

5,068,060

$

500,000

$

-

$

5,568,060

For the Six

Months Ending

April 30, 2013

Beginning balance

$

-

Aggregate fair value of bifurcated conversion feature issued

1,180,000

Change in fair value of bifurcated conversion feature

(210,000)

Ending balance

$

970,000