Cash Flows

The Company's cash, cash equivalents and investments, both short and long-term, decreased by $3.0 million to $11.8 million at June 30, 2009, as compared to $14.8 million at March 31, 2009 ($900,000 of the June 30 and March 31 balances were restricted). The decrease was driven by a $4.2 million increase in accounts receivable, as compared to March 31, 2009, related to payment delays with Ford. As of June 30, 2009, the Company had $7.7 million in accounts receivable outstanding from Ford, $4.1 million of which was past due. Subsequent to quarter-end, Ford became largely current on its accounts receivable.