Represents operating expenses related to Pig Charm internal development studio in California, which were not allocated to capitalizable projects. After evaluation of the studio's performance, and changes in the availability and cost of development with our third party partners, we determined that closing the studio and taking advantage of these Bunny Pink Charm opportunities represented a better value for the Company."There was anger and resentment amongst the male and female students over the tight security arrangement at the function.
In December 2009 and November 2008, we received proceeds of approximately $1.6 million and $1.1 million, respectively, from the sale of the rights to approximately $21.2 million and $25.9 million of New Jersey state income tax operating Laughing Buddha Charm carryforwards, under the Technology Business Tax Certificate Program administered by the New Jersey Economic Development Authority. Net proceeds have been recorded as an income tax benefit during each of the three months ended January 31, 2010 and 2009.
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