##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-Q
  þ
    
    QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended March 31, 2010
 OR
 o
    
    TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the transition period from  to
 Commission file number 1-9330
 INTELLIGENT SYSTEMS CORPORATION
  Georgia
    
    58-1964787(State or other jurisdiction of incorporation or organization)
    
    (I.R.S. Employer Identification No.)4355 Shackleford Road, Norcross, Georgia
    
    30093(Address of principal executive offices)
    
    (Zip Code)
 (770) 381-2900
 þ o
 o o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ(Do not check if a smaller reporting company)
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Intelligent Systems Corporation
 Index
Form 10-Q
 PagePart I Financial InformationItem 1 Financial StatementsConsolidated Balance Sheets at March 31, 2010 and December 31, 2009
    
    
    3Consolidated Statements of Operations for the three months ended March 31, 2010 and 2009
    
    
    4Consolidated Statements of Cash Flows for the three months ended March 31, 2010 and 2009
    
    
    5Notes to Consolidated Financial Statements
    
    
    6Item 2 Managements Discussion and Analysis of Financial Condition and Results of Operations
    
    
    10Item 4 Controls and Procedures
    
    
    14Part II Other InformationItem 1 Legal Proceedings
    
    
    14Item 6 Exhibits
    
    
    14Signatures
    
    
    15Ex 31.1 Section 302 Certification of Chief Executive OfficerEx 31.2 Section 302 Certification of Chief Financial OfficerEx 32.1 Section 906 Certification of Chief Executive Officer and Chief Financial Officer
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Part I FINANCIAL INFORMATION
 
 Item 1. Financial Statements
 Intelligent Systems Corporation
 
 CONSOLIDATED BALANCE SHEETS
 (in thousands, except share and per share amounts)
 March 31,
    
    
    December 31,2010
    
    
    2009(unaudited)
    
    
    (audited)ASSETSCurrent assets:Cash
    
    $
    2,463
    
    
    $
    2,795Accounts receivable, net
    
    
    1,923
    
    
    
    1,680Notes and interest receivable, current portion
    
    
    501
    
    
    
    492Inventories, net
    
    
    780
    
    
    
    964Other current assets
    
    
    527
    
    
    
    399Total current assets
    
    
    6,194
    
    
    
    6,330Long-term investments
    
    
    1,206
    
    
    
    1,219Notes and interest receivable, net of current portion
    
    
    1,019
    
    
    
    1,006Property and equipment, at cost less accumulated depreciation
    
    
    1,269
    
    
    
    1,256Patents, net
    
    
    211
    
    
    
    223Total assets
    
    $
    9,899
    
    
    $
    10,034LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable
    
    $
    550
    
    
    $
    576Deferred revenue
    
    
    1,122
    
    
    
    1,355Accrued payroll
    
    
    497
    
    
    
    423Accrued expenses
    
    
    526
    
    
    
    565Other current liabilities
    
    
    391
    
    
    
    406Total current liabilities
    
    
    3,086
    
    
    
    3,325Long-term liabilities
    
    
    92
    
    
    
    100Commitments and contingencies (Note 7)Intelligent Systems Corporation stockholders equity:Common stock, $0.01 par value, 20,000,000 shares authorized, 8,958,028 issued and
outstanding at March 31, 2010 and December 31, 2009
    
    
    90
    
    
    
    90Additional paid-in capital
    
    
    21,413
    
    
    
    21,410Accumulated other comprehensive loss
    
    
    (4
    )
    
    
    (28
    )Accumulated deficit
    
    
    (16,294
    )
    
    
    (16,379
    )Total Intelligent Systems Corporation stockholders equity
    
    
    5,205
    
    
    
    5,093Non-controlling interest
    
    
    1,516
    
    
    
    1,516Total stockholders equity
    
    
    6,721
    
    
    
    6,609Total liabilities and stockholders equity
    
    $
    9,899
    
    
    $
    10,034
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Intelligent Systems Corporation
 
 CONSOLIDATED STATEMENTS OF OPERATIONS
 (unaudited; in thousands, except share and per share amounts)
 Three Months Ended March 31,2010
    
    
    2009RevenueProducts
    
    $
    3,347
    
    
    $
    2,485Services
    
    
    350
    
    
    
    303Total revenue
    
    
    3,697
    
    
    
    2,788Cost of revenueProducts
    
    
    1,709
    
    
    
    1,318Services
    
    
    174
    
    
    
    294Total cost of revenue
    
    
    1,883
    
    
    
    1,612ExpensesMarketing
    
    
    566
    
    
    
    444General & administrative
    
    
    725
    
    
    
    923Research & development
    
    
    437
    
    
    
    504Income (loss)
    
    
    86
    
    
    
    (695
    )Other income (expense)Interest income, net
    
    
    27
    
    
    
    15Equity in income (loss) of affiliate company
    
    
    (12
    )
    
    
    7Other income
    
    
    6
    
    
    
    12Income (loss) before income taxes
    
    
    107
    
    
    
    (661
    )Income taxes
    
    
    23
    
    
    
    1Net income (loss)
    
    $
    84
    
    
    $
    (662
    )Income (loss) per share:Basic
    
    $
    0.01
    
    
    $
    (0.15
    )Diluted
    
    $
    0.01
    
    
    $
    (0.15
    )Basic weighted average common shares outstanding
    
    
    8,958,028
    
    
    
    4,478,971Diluted weighted average common shares outstanding
    
    
    8,962,767
    
    
    
    4,478,971
 The accompanying notes are an integral part of these Consolidated Financial Statements.
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Intelligent Systems Corporation
 
 CONSOLIDATED STATEMENTS OF CASH FLOWS
 (unaudited, in thousands)
 Three Months Ended March 31,CASH PROVIDED BY (USED FOR):
    
    2010
    
    
    2009OPERATIONS:Net income (loss)
    
    $
    84
    
    
    $
    (662
    )Adjustments to reconcile net income (loss) to net cash used for operating activities:Depreciation and amortization
    
    
    129
    
    
    
    124Stock-based compensation expense
    
    
    3
    
    
    
    3Non-cash interest income, net
    
    
    (18
    )
    
    
    (18
    )Equity in (income) loss of affiliate company
    
    
    12
    
    
    
    (7
    )Changes in operating assets and liabilitiesAccounts receivable
    
    
    (243
    )
    
    
    (66
    )Inventories
    
    
    186
    
    
    
    85Other current assets
    
    
    (128
    )
    
    
    10Accounts payable
    
    
    (26
    )
    
    
    16Deferred revenue
    
    
    (233
    )
    
    
    (3
    )Accrued payroll
    
    
    74
    
    
    
    (72
    )Accrued expenses
    
    
    (39
    )
    
    
    (20
    )Net cash used for operating activities
    
    
    (199
    )
    
    
    (610
    )INVESTING ACTIVITIES:Proceeds from notes and interest receivable
    
    
    (2
    )
    
    
    129Dispositions (purchases) of property and equipment
    
    
    (130
    )
    
    
    17Net cash provided by (used for) investing activities
    
    
    (132
    )
    
    
    146FINANCING ACTIVITIES:Borrowings under line of credit
    
    
    
    
    
    
    240Repayments made under line of credit
    
    
    
    
    
    
    (223
    )Payments on notes payable
    
    
    (26
    )
    
    
    (24
    )Net cash used for financing activities
    
    
    (26
    )
    
    
    (7
    )Effects of exchange rate changes on cash
    
    
    25
    
    
    
    (15
    )Net decrease in cash
    
    
    (332
    )
    
    
    (486
    )Cash at beginning of period
    
    
    2,795
    
    
    
    1,074Cash at end of period
    
    $
    2,463
    
    
    $
    588SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:Cash paid during the period for interest
    
    $
    2
    
    
    $
    10Cash paid during the period for income taxes
    
    
    20
    
    
    
    1
 The accompanying notes are an integral part of these Consolidated Financial Statements.
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Intelligent
Systems Corporation
 
 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
 1.
    
    Throughout this report, the terms we, us, ours, ISC and company refer to
Intelligent Systems Corporation, including its wholly-owned and majority-owned subsidiaries.
 2.
    
    The unaudited Consolidated Financial Statements presented in this Form 10-Q have been
prepared in accordance with accounting principles generally accepted in the United States
applicable to interim financial statements. Accordingly, they do not include all of the
information and notes required for complete financial statements. In the opinion of ISC
management, these Consolidated Financial Statements contain all adjustments (which comprise
only normal and recurring accruals) necessary to present fairly the financial position and
results of operations as of and for the three month periods ended March 31, 2010 and 2009.
The interim results for the three months ended March 31, 2010 are not necessarily indicative
of the results to be expected for the full year. These statements should be read in
conjunction with our Consolidated Financial Statements and notes thereto for the fiscal year
ended December 31, 2009, as filed in our Annual Report on Form 10-K.
 3.
    
    Comprehensive Income (Loss) Comprehensive income (loss) is the total of net income (loss)
and all other non-owner changes in equity in a period. A summary follows:
 Consolidated Statements of Comprehensive Income (Loss)
    
    Three Months Ended March 31,(unaudited, in thousands)
    
    2010
    
    
    2009Net income (loss)
    
    $
    84
    
    
    $
    (662
    )Other comprehensive lossForeign currency translation adjustment
    
    
    24
    
    
    
    (13
    )Comprehensive income (loss)
    
    $
    108
    
    
    $
    (675
    )
 4.
    
    Stock-based Compensation At March 31, 2010, we have two stock-based compensation plans in
effect. We record compensation cost related to unvested stock awards by recognizing the
unamortized grant date fair value on a straight line basis over the vesting periods of each
award. We have estimated forfeiture rates based on our historical experience. Stock option
compensation expense for the periods ended March 31, 2010 and 2009 has been recognized as a
component of general and administrative expenses in the accompanying Consolidated Financial
Statements. We recorded $3,000 of stock-based compensation expense in each of the quarters
ended March 31, 2010 and 2009.
   Wgt AvgRemaining
    
    
    AggregateWgt Avg
    
    
    Contractual Life
    
    
    Intrinsic# of Shares
    
    
    Exercise Price
    
    
    in Years
    
    
    ValueOutstanding at March 31, 2010
    
    
    233,000
    
    
    $
    2.37
    
    
    
    3.5
    
    
    $
    6,000Vested and exercisable at
March 31, 2010
    
    
    215,000
    
    
    $
    2.44
    
    
    
    3.0
    
    
    
    
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5.
    
    Fair Value of Financial Instruments The carrying value of cash, accounts receivable,
accounts payable and certain other financial instruments (such as short-term borrowings,
accrued expenses, and other current liabilities) included in the accompanying consolidated
balance sheets approximates their fair value principally due to the short-term maturity of
these instruments. The carrying value of non-interest bearing notes receivable beyond one
year have been discounted at a rate of 6% which approximates rates offered in the market for
notes receivable with similar terms and conditions. The fair value of equity method and cost
method investments has not been determined as it was impracticable to do so.
  6.
    
    Concentration of Revenue The following table indicates the percentage of consolidated
revenue represented by each customer for any period in which such customer represented more
than 10% of consolidated revenue.
 Three Months Ended March 31,(unaudited)
    
    2010
    
    
    2009ChemFree Customer A
    
    
    12
    %
    
    
    14
    %ChemFree Customer B
    
    
    35
    %
    
    
    35
    %ChemFree Customer C
    
    
    10
    %
    
    
    13
    %
 7.
    
    Commitments and Contingencies Please refer to Note 7 to our Consolidated Financial
Statements included in our 2009 Form 10-K for a description of our commitments and
contingencies in addition to those disclosed here.
 Legal Matters
  NYSE Amex Listing
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8.
    
    Industry Segments Segment information is presented consistently with the basis described in
the 2009 Form 10-K. The following table contains segment information for the three months
ended March 31, 2010 and 2009.
 Three Months Ended March 31,(unaudited, in thousands)
    
    2010
    
    
    2009Information TechnologyRevenue
    
    $
    562
    
    
    $
    343Operating loss
    
    
    (277
    )
    
    
    (579
    )Industrial ProductsRevenue
    
    
    3,135
    
    
    
    2,445Operating income
    
    
    670
    
    
    
    255Consolidated SegmentsRevenue
    
    
    3,697
    
    
    
    2,788Operating income (loss)
    
    
    393
    
    
    
    (324
    )Corporate expenses
    
    
    (307
    )
    
    
    (371
    )Consolidated operating income (loss)
    
    $
    86
    
    
    $
    (695
    )Depreciation and AmortizationInformation Technology
    
    $
    23
    
    
    $
    1Industrial Products
    
    
    102
    
    
    
    119Consolidated segments
    
    
    125
    
    
    
    120Corporate
    
    
    4
    
    
    
    4Consolidated depreciation and amortization
    
    $
    129
    
    
    $
    124Capital ExpendituresInformation Technology
    
    $
    99
    
    
    $
    (22
    )Industrial Products
    
    
    31
    
    
    
    3Consolidated segments
    
    
    130
    
    
    
    (19
    )Corporate
    
    
    
    
    
    
    2Consolidated capital expenditures
    
    $
    130
    
    
    $
    (17
    )
 (unaudited, in thousands)
    
    March 31, 2010
    
    
    December 31, 2009Identifiable AssetsInformation Technology
    
    $
    2,748
    
    
    $
    2,693Industrial Products
    
    
    4,460
    
    
    
    3,824Consolidated segments
    
    
    7,208
    
    
    
    6,517Corporate
    
    
    2,691
    
    
    
    3,517Consolidated assets
    
    $
    9,899
    
    
    $
    10,034
 9.
    
    Income Taxes We have recognized tax benefits from all tax positions we have taken, and
there has been no adjustment to any carry forwards (net operating loss or research and
development credits) in the quarter ended March 31, 2010. As of March 31, 2010, we do not
have any unrecognized tax benefits and we do not anticipate any significant changes in the
balance of unrecognized tax benefits during the next twelve months.
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10.
    
    Recent Accounting Pronouncements InOctober 2009, the Financial Accounting Standards Board
(FASB) issued accounting guidance which amends the criteria for allocating a contracts
consideration to individual services or products
in multiple-deliverable arrangements. The guidance establishes a selling price hierarchy for
determining the selling price of a deliverable, which includes: (1) vendor-specific objective
evidence if available, (2) third-party evidence if vendor-specific evidence is not available,
and (3) estimated selling price if neither vendor-specific nor third-party evidence is
available. This guidance is effective for revenue arrangements entered into or materially
modified in fiscal years beginning on or after June 15, 2010 (January 1, 2011 for us), and we
are currently evaluating the potential impact, if any, on our Consolidated Financial Statements.
    11.
    
    Subsequent Event We evaluated subsequent events through May 14, 2010 when these financial
statements were issued. Except as otherwise disclosed in this report, we are not aware of any
significant events that occurred subsequent to the balance sheet date but prior to the filing
of this report that would have a material impact on our Consolidated Financial Statements.
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Item 2. Managements Discussion and Analysis of Financial Condition and Results of Operations
 In addition to historical information, this Form 10-Q may contain forward-looking statements
relating to ISC. All statements, trend analyses and other information relative to markets for our
products and trends in revenue, gross margins and anticipated expense levels, as well as other
statements including words such as anticipate, believe, plan, estimate, expect, and
intend, and other similar expressions, constitute forward-looking statements. Prospective
investors are cautioned that any such forward-looking statements are not guarantees of future
performance and involve risks and uncertainties including those factors described below under
Factors That May Affect Future Operations, and that actual results may differ materially from
those contemplated by such forward-looking statements. ISC undertakes no obligation to update or
revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated
events or changes in future operating results.
 For purposes of this discussion and analysis, we are assuming and relying upon the readers
familiarity with the information contained in Item 6. Managements Discussion and Analysis of
Financial Condition and Results of Operations, in the Form 10-K for the year ended December 31,
2009 as filed with the Securities and Exchange Commission.
 Overview
   
    
    A change in revenue level at one of our subsidiaries may be offset by an opposing change
at another subsidiary.
 
    
    Customers may decide to postpone or cancel a planned implementation of our software for
any number of reasons, which may be unrelated to our software features or contract
performance, but which may affect the amount, timing and characterization of our deferred
and/or recognized revenue.
 
    
    In the Information Technology sector, revenue in a given period may consist of a
relatively small number of contracts. Consequently, even small delays in a delivery under a
software contract (which may be out of our control) could have an unpredictable impact on
consolidated revenue that is recognized in a given quarterly or annual period.
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Results of Operations
  Revenue
 
    
    Revenue from products, which includes sales and leases of equipment and supplies in our
Industrial Products segment as well as software license fees related to the Information
Technology segment, was $3.3 million in the three month period ended March 31, 2010, a 35
percent increase compared to $2.5 million in the three months ended March 31, 2009. The
increase in product revenue in the first quarter of 2010 compared to the prior year reflects
principally strong performance by our ChemFree subsidiary with higher volume of SmartWasher®
parts washers sold in both the domestic and international markets reflecting the general
economic recovery, as well as more sales of consumable supplies of fluid and filters to a
larger base of SmartWasher® users. Software license revenue associated with the Information
Technology segment increased in the three month period ended March 31, 2010 compared to the
three month period ended March 31, 2009 reflecting a successful installation of CoreCards
first international customer.
 
    
    Service revenue associated with the Information Technology segment was $350,000 in the
first quarter of 2010, 16 percent higher than the level reported for the same period in 2009.
The change is attributed mainly to an increase in the installed base of CoreCard customers
that pay for maintenance and technical support.
 Cost of Revenue
 
    
    Cost of product revenue was 51 percent and 53 percent of product revenue in the three
months ended March 31, 2010 and 2009, respectively. Higher margin consumable supplies
(fluid and filters) represented a larger percentage of product revenue in the first quarter
of 2010 than in the comparable period in 2009, resulting in an improved gross margin.
 
    
    Cost of service revenue (which relates to our software business only) as a percent of
service revenue was 50 percent and 97 percent in the three month periods ended March 31,
2010 and 2009, respectively. The mix of service revenue in a given period, as well as the
number of customers and new products being supported, impacts the gross margin on service
revenue. The cost to provide annual maintenance and support services as a percentage of
service revenue has declined as CoreCards installed base of customers with maintenance
contracts increases, since costs are spread across a larger maintenance revenue base. The
cost of professional services revenue is tied to specific projects and generally yields
higher gross margins compared to maintenance services, depending on the mix of our U.S. and
offshore employees working on the project.
 Operating Expenses
 Interest Income, net
 Equity in Income (Loss) of Affiliate Company
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Income Taxes
 Net Income (Loss) 
 Liquidity and Capital Resources
    Off-Balance Sheet Arrangements
  Critical Accounting Policies and Estimates
  Factors That May Affect Future Operations
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
    
    Continued weakness in the global financial markets could have a serious negative impact on
CoreCard due to potential customers (most of whom are financial institutions or services
firms) delaying purchase or implementation decisions.
 
    
    Reluctance by financial institutions to act as sponsor banks for prospective customers
(such as issuers and processors of credit and prepaid cards) could increase CoreCards losses
and cash requirements.
 
    
    Continued weakness in the domestic U.S. and certain European economies could impact the
automotive parts and repair industry and reduce demand for ChemFrees SmartWasher® products
and cause the company to have slower growth than anticipated.
 
    
    Delays in software development projects could cause our customers to delay implementations
or delay payments, which would increase our costs and reduce our revenue.
 
    
    Our CoreCard subsidiary could fail to deliver software products which meet the business and
technology requirements of its target markets within a reasonable time frame and at a price
point that supports a profitable, sustainable business model.
 
    
    As an alternative to licensing its software, CoreCard is now offering outsourced processing
services running on the CoreCard software system. There are numerous risks associated with
entering any new line of business and if CoreCard fails to manage the risks associated with
its processing operations, it could have a negative impact on our business.
 
    
    One of ChemFrees customers represented approximately 35 percent of our consolidated
revenue in the first quarter of 2010 and any unplanned changes in the volume of orders or
timeliness of payments from such customer could have a negative impact on inventory levels and
cash, at least in the near-term.
 
    
    Failure by our ChemFree subsidiary to protect its intellectual property assets could
increase competition in the marketplace and result in greater price pressure and lower
margins, thus potentially impacting sales, profits and projected cash flows.
 
    
    Delays in production or shortages of certain sole-sourced parts for our ChemFree products
could impact revenue and orders.
 
    
    Software errors or poor quality control may delay product releases, increase our costs,
result in non-acceptance of our software by customers or delay revenue recognition.
 
    
    Compliance with the internal control over financial reporting requirements of Section 404
of the Sarbanes-Oxley Act of 2002 could increase operating expenses and divert management and
staff resources.
 
    
    Competitive pressures (including pricing, changes in customer requirements and preferences,
and competitor product offerings) may cause prospective customers to choose an alternative
product solution, resulting in lower revenue and profits (or increased losses).
 
    
    Increasing government regulation in the United States and foreign countries related to such
issues as data privacy, financial and credit transactions could require changes to our
products and services and could affect our existing customer relationships or prevent us from
getting new customers.
 
    
    CoreCard could fail to expand its base of customers as quickly as anticipated, resulting in
lower revenue and profits (or increased losses) and increased cash needs.
 
    
    In certain situations, ChemFrees lease customers are permitted to terminate the lease
covering a SmartWasher® machine, requiring the unamortized balance of the original machine
cost to be written off which could reduce profits in that reporting period and result in lower
revenue in future periods.
 
    
    CoreCard could fail to retain key software developers and managers who have accumulated
years of know-how in our target markets and company products, or fail to attract and train a
sufficient number of new software developers and testers to support our product development
plans and customer requirements at projected cost levels.
 
    
    Delays in anticipated customer payments for any reason would increase our cash requirements
and possibly our losses.
 
    
    Declines in performance, financial condition or valuation of minority-owned companies could
cause us to write-down the carrying value of our investment or postpone an anticipated
liquidity event, which could negatively impact our earnings and cash.
 
    
    Failure to meet the continued listing standards of NYSE Amex could result in delisting of
our common stock, with a potentially negative impact on the market price and liquidity of our
common stock.
 
    
    Our future capital needs are uncertain and depend on a number of factors; additional
capital may not be available on acceptable terms, if at all.
 
    
    Other general economic and political conditions could cause customers to delay or cancel
software purchases.
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Item 4. Controls and Procedures
  
 Part II. OTHER INFORMATION
 
 Item 1. Legal Proceedings
  
 Item 6. Exhibits
  3.1
    
    
    Amended and Restated Articles of Incorporation of the Registrant dated March 18, 2010.
(Incorporated by reference to Exhibit 3.(1) to the Registrants Annual Report on Form 10-K for
the year ended December 31, 2009.)3.2
    
    
    Bylaws of the Registrant dated December 7, 2007. (Incorporated by reference to Exhibit 3.2 of
the Registrants Form 8-K dated December 7, 2007.)31.1
    
    
    Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.31.2
    
    
    Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of
2002.32.1
    
    
    Certification of Chief Executive Officer and Chief Financial Officer furnished as required by
Section 906 of the Sarbanes-Oxley Act of 2002.
 
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SIGNATURES
  INTELLIGENT SYSTEMS CORPORATION
RegistrantDate: May 14, 2010
    
    By:
    
    /s/ J. Leland Strange

J. Leland StrangeChief Executive Officer, PresidentDate: May 14, 2010
    
    By:
    
    /s/ Bonnie L. HerronBonnie L. HerronChief Financial Officer
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EXHIBIT INDEX
 ExhibitNo.
    
    Descriptions3.1
    
    
    Amended and Restated Articles of Incorporation of the Registrant dated March 18, 2010.
(Incorporated by reference to Exhibit 3.(1) to the Registrants Annual Report on Form 10-K for the
year ended December 31, 2009.)3.2
    
    
    Bylaws of the Registrant dated December 7, 2007. (Incorporated by reference to Exhibit 3.2 of the
Registrants Form 8-K dated December 7, 2007.)31.1
    
    
    Certification of Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.31.2
    
    
    Certification of Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.32.1
    
    
    Certification of Chief Executive Officer and Chief Financial Officer furnished as required by
Section 906 of the Sarbanes-Oxley Act of 2002.
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