##### Table of Contents



United States
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 
 FORM 10-Q
 þ
    
    QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the quarterly period ended: March 31, 2008
 OR
 o
    
    TRANSITION REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
 For the transition period from  to
 Commission file number: 000-29020
 ViewCast.com, Inc.
 (Exact name of registrant as specified in its charter)
 Delaware
    
    75-2528700(State or other jurisdiction of incorporation or organization)
    
    (I.R.S. Employer Identification No.)3701 W. Plano Parkway, Suite 300, Plano, TX
    
    75075(Address of principal executive offices)
    
    (Zip Code)
 (972) 488-7200  (Registrants telephone number including area code)
 N/A
 
 (Former name, former address and former fiscal year, if changed from last report)
 þ o
  Large accelerated filer o
    
    Accelerated filer o
    
    Non-accelerated filer o
    
    Smaller reporting company þ
 o þ
  32,099,421 shares of common stock, par value $0.0001 per share, outstanding at April 30, 2008




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##### 



ViewCast.com, Inc. and Subsidiaries
Index to Form 10-QSB
 PART I. FINANCIAL INFORMATIONItem 1. Financial StatementsCondensed Consolidated Balance Sheets at December 31, 2007 and March 31, 2008 (Unaudited)
    
    
    2Condensed Consolidated Statements of Operations for the Three Months ended March 31, 2007 and 2008 (Unaudited)
    
    
    3Condensed Consolidated Statement of Stockholders Equity for the Three Months ended March 31, 2008 (Unaudited)
    
    
    4Condensed Consolidated Statements of Cash Flows for the Three Months ended March 31, 2007 and 2008 (Unaudited)
    
    
    5Notes to Condensed Consolidated Financial Statements
    
    
    6Item 2. Managements Discussion and Analysis or Plan of Operation
    
    
    13Item 3. Quantitative and Qualitative Disclosure About Market Risk
    
    
    17Item 4. Controls and Procedures
    
    
    18PART II. OTHER INFORMATIONItem 1. Legal Proceedings
    
    
    19Item 1A. Risk Factors
    
    
    19Item 2. Unregistered Sales of Equity Securities and Use of Proceeds
    
    
    19Item 3. Defaults Upon Senior Securities
    
    
    19Item 4. Submission of Matters to a Vote of Security Holders
    
    
    19Item 5. Other Information
    
    
    19Item 6. Exhibits
    
    
    19SIGNATURES
    
    
    20Exhibit 31.1 - Rule 13a-14(a)/15d-14(a) CEO CertificationExhibit 31.2 - Rule 13a-14(a)/15d-14(a) CFO CertificationExhibit 32.1 - Section 1350 CEO CertificationExhibit 32.2 - Section 1350 CFO Certification
   1




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##### Table of Contents



VIEWCAST.COM, INC. AND SUBSIDIARIES
 
 CONDENSED CONSOLIDATED BALANCE SHEETS
 December 31,
    
    
    March 31,2007
    
    
    2008(Unaudited)ASSETSCurrent assets:Cash and cash equivalents
    
    $
    1,135,416
    
    
    $
    2,703,562Accounts receivable, less allowance for doubtful accounts of $30,390 and
$44,325 at December 31, 2007 and March 31, 2008, respectively
    
    
    2,261,133
    
    
    
    1,696,982Inventories, net
    
    
    2,367,200
    
    
    
    1,774,621Prepaid expenses
    
    
    243,614
    
    
    
    360,471Total current assets
    
    
    6,007,363
    
    
    
    6,535,636Property and equipment, net
    
    
    721,413
    
    
    
    726,170Intangible assets, net
    
    
    323,367
    
    
    
    317,087Deposits
    
    
    45,566
    
    
    
    47,694Total assets
    
    $
    7,097,709
    
    
    $
    7,626,587LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable
    
    $
    456,641
    
    
    $
    565,858Accrued expenses
    
    
    927,857
    
    
    
    1,051,455Current maturities of long-term debt
    
    
    21,345
    
    
    
    24,652Total current liabilities
    
    
    1,405,843
    
    
    
    1,641,965Long-term debt less current maturities
    
    
    28,157
    
    
    
    67,607Stockholder note payable
    
    
    5,141,361
    
    
    
    5,141,361Stockholder accrued interest
    
    
    192,994
    
    
    
    220,481Commitments and contingenciesStockholders equity:Preferred stock, $0.0001 par value, authorized 5,000,000 shares:Series B convertible  issued and outstanding shares  800,000  liquidation value
of $15 per share as of December 31, 2007 and March 31, 2008
    
    
    80
    
    
    
    80Series C convertible  issued and outstanding shares  200,000  liquidation value
of $31 per share as of December 31, 2007 and March 31, 2008
    
    
    20
    
    
    
    20Series E convertible  issued and outstanding shares  80,000  liquidation value
of $102 per share as of December 31, 2007 and March 31, 2008
    
    
    8
    
    
    
    8Common stock, $.0001 par value, authorized 100,000,000 shares:Issued shares   32,341,753 at December 31, 2007 and March 31, 2008
    
    
    3,234
    
    
    
    3,234Additional paid-in capital
    
    
    69,990,960
    
    
    
    70,015,874Accumulated deficit
    
    
    (69,653,042
    )
    
    
    (69,452,137
    )Treasury stock, 261,497 shares at cost
    
    
    (11,906
    )
    
    
    (11,906
    )Total stockholders equity
    
    
    329,354
    
    
    
    555,173Total liabilities and stockholders equity
    
    $
    7,097,709
    
    
    $
    7,626,587
   2




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##### Table of Contents



VIEWCAST.COM, INC. AND SUBSIDIARIES
 
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS


(UNAUDITED)
 For the three months endedMarch 31,2007
    
    
    2008Net sales
    
    $
    3,482,462
    
    
    $
    4,116,466Cost of sales
    
    
    1,447,321
    
    
    
    1,337,609Gross profit
    
    
    2,035,141
    
    
    
    2,778,857Operating expenses:Selling, general and administrative
    
    
    1,447,577
    
    
    
    1,675,050Research and development
    
    
    457,758
    
    
    
    745,644Depreciation and amortization
    
    
    61,422
    
    
    
    112,253Total operating expenses
    
    
    1,966,757
    
    
    
    2,532,947Operating income
    
    
    68,384
    
    
    
    245,910Other (income) expense:Interest expense (including $73,508 and $50,565
of expense to related parties)
    
    
    73,646
    
    
    
    52,661Interest income
    
    
    (9,902
    )
    
    
    (12,456
    )Other income
    
    
    (250,000
    )
    
    
    Total other (income) expenses
    
    
    (186,256
    )
    
    
    40,205Income tax expense
    
    
    
    
    
    
    4,800NET INCOME
    
    $
    254,640
    
    
    $
    200,905Preferred stock dividends
    
    
    (202,005
    )
    
    
    (205,029
    )Net income (loss) applicable to common stockholders
    
    $
    52,635
    
    
    $
    (4,124
    )Net income (loss) per shareBasic
    
    $
    0.00
    
    
    $
    (0.00
    )Diluted
    
    $
    0.00
    
    
    $
    (0.00
    )Weighted average number of common shares outstandingBasic
    
    
    30,643,412
    
    
    
    32,080,256Diluted
    
    
    47,053,474
    
    
    
    32,080,256
   3




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##### Table of Contents



VIEWCAST.COM, INC. AND SUBSIDIARIES
 
 CONDENSED CONSOLIDATED STATEMENT OF STOCKHOLDERS EQUITY
 FOR THE THREE MONTHS ENDED MARCH 31, 2008
 (UNAUDITED)
 Series B
    
    
    Series C
    
    
    Series EConvertible
    
    
    Convertible
    
    
    Convertible
    
    
    
    
    
    
    
    
    
    
    Additional
    
    
    
    
    
    
    
    
    
    
    TotalPreferred Stock
    
    
    Preferred Stock
    
    
    Preferred Stock
    
    
    Common Stock
    
    
    Paid-in
    
    
    Accumulated
    
    
    Treasury
    
    
    StockholdersShares
    
    
    Par Value
    
    
    Shares
    
    
    Par Value
    
    
    Shares
    
    
    Par Value
    
    
    Shares
    
    
    Par Value
    
    
    Capital
    
    
    Deficit
    
    
    Stock
    
    
    EquityBalances, December 31, 2007
    
    
    800,000
    
    
    $
    80
    
    
    
    200,000
    
    
    $
    20
    
    
    
    80,000
    
    
    $
    8
    
    
    
    32,341,753
    
    
    $
    3,234
    
    
    $
    69,990,960
    
    
    $
    (69,653,042
    )
    
    $
    (11,906
    )
    
    $
    329,354Stock based compensation expense
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    24,914
    
    
    
    
    
    
    
    
    
    
    
    24,914Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    200,905
    
    
    
    
    
    
    
    200,905Balances, March 31, 2008
    
    
    800,000
    
    
    $
    80
    
    
    
    200,000
    
    
    $
    20
    
    
    
    80,000
    
    
    $
    8
    
    
    
    32,341,753
    
    
    $
    3,234
    
    
    $
    70,015,874
    
    
    $
    (69,452,137
    )
    
    $
    (11,906
    )
    
    $
    555,173
   4




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##### Table of Contents



VIEWCAST.COM, INC. AND SUBSIDIARIES
 
 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
 (UNAUDITED)
 For the three months endedMarch 31,2007
    
    
    2008Operating activities:Net income
    
    $
    254,640
    
    
    $
    200,905Adjustments to reconcile net income to net cash
provided by (used in) operating activities:Bad debt expense
    
    
    10,372
    
    
    
    13,935Depreciation of property and equipment
    
    
    50,604
    
    
    
    84,851Amortization of software development costs
    
    
    10,817
    
    
    
    27,402Stock based compensation expense
    
    
    2,788
    
    
    
    24,914Changes in operating assets and liabilitiesAccounts receivable
    
    
    483,706
    
    
    
    550,216Inventories
    
    
    (1,230,952
    )
    
    
    592,579Prepaid expenses
    
    
    (124,566
    )
    
    
    (116,857
    )Deposits
    
    
    (12,097
    )
    
    
    (2,128
    )Accounts payable
    
    
    196,340
    
    
    
    109,217Accrued expenses and stockholder accrued interest
    
    
    68,215
    
    
    
    151,085Net cash provided by (used in) operating activities
    
    
    (290,133
    )
    
    
    1,636,119Investing activities:Capitalized software development costs
    
    
    (42,644
    )
    
    
    (21,122
    )Purchase of property and equipment
    
    
    (175,975
    )
    
    
    (41,247
    )Net cash used in investing activities
    
    
    (218,619
    )
    
    
    (62,369
    )Financing activities:Proceeds from exercise of stock options
    
    
    6,970
    
    
    
    Net proceeds from exercise of warrants
    
    
    936,434
    
    
    
    Repayments of long-term debt
    
    
    (1,109
    )
    
    
    (5,604
    )Net cash provided by (used in) financing activities
    
    
    942,295
    
    
    
    (5,604
    )Net increase in cash and cash equivalents
    
    
    433,543
    
    
    
    1,568,146Cash and cash equivalents, beginning of period
    
    
    567,509
    
    
    
    1,135,416Cash and cash equivalents, end of period
    
    $
    1,001,052
    
    
    $
    2,703,562Supplemental cash flow information:Cash paid for interest
    
    $
    28,569
    
    
    $
    25,175Non-cash items:Acquisition of property and equipment under capital leases
    
    $
    
    
    
    $
    48,361
   5




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##### Table of Contents



ViewCast.com, Inc. and Subsidiaries
 
 Note to Condensed Consolidated Financial Statements
 1. Basis of Presentation
     2. Accounts Receivable
   6




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ViewCast.com, Inc. and Subsidiaries
Note to Condensed Consolidated Financial Statements  Continued
  For the three months endedMarch 31,2007
    
    
    2008(Unaudited)
    
    
    (Unaudited)Beginning balance
    
    $
    30,756
    
    
    $
    30,390Bad debt expense
    
    
    10,372
    
    
    
    13,935Ending balance
    
    $
    41,128
    
    
    $
    44,325
 3. Inventories
  December 31,
    
    
    March 31,2007
    
    
    2008(Unaudited)Purchased materials
    
    $
    1,351,377
    
    
    $
    890,193Finished goods
    
    
    1,015,823
    
    
    
    884,428$
    2,367,200
    
    
    $
    1,774,621
 4. Accrued Expenses
  December 31,
    
    
    March 31,2007
    
    
    2008(Unaudited)Accrued compensation
    
    $
    174,030
    
    
    $
    312,596Accrued warranty
    
    
    133,940
    
    
    
    164,156Accrued inventory purchases
    
    
    55,713
    
    
    
    17,470Customer deposits
    
    
    22,435
    
    
    
    47,482Deferred rent
    
    
    100,555
    
    
    
    93,903Defered revenue
    
    
    174,084
    
    
    
    252,606Accrued taxes and other
    
    
    267,100
    
    
    
    163,242$
    927,857
    
    
    $
    1,051,455
  7




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##### Table of Contents



ViewCast.com, Inc. and Subsidiaries
Note to Condensed Consolidated Financial Statements  Continued
 5. Warranty Reserves
   For the three months endedMarch 31,2007
    
    
    2008(Unaudited)
    
    
    (Unaudited)Beginning balance
    
    $
    117,636
    
    
    $
    133,940Charged to expense
    
    
    38,583
    
    
    
    33,827Usage
    
    
    (55,433
    )
    
    
    (3,611
    )Ending balance
    
    $
    100,786
    
    
    $
    164,156
 6. Property and Equipment
  EstimatedUseful Life
    
    December 31,
    
    
    March 31,(Years)
    
    2007
    
    
    2008(Unaudited)Service equipment
    
    3
    
    $
    242,362
    
    
    $
    242,362Computer equipment
    
    3
    
    
    309,112
    
    
    
    335,248Software
    
    3
    
    
    182,110
    
    
    
    184,038Leasehold improvements
    
    1 to 6
    
    
    130,409
    
    
    
    131,600Office furniture and equipment
    
    5
    
    
    890,300
    
    
    
    950,6531,754,293
    
    
    
    1,843,901Less accumulated depreciation
and amortization
    
    
    
    
    (1,032,880
    )
    
    
    (1,117,731
    )$
    721,413
    
    
    $
    726,170
 7. Long-Term Debt
   8




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##### Table of Contents



ViewCast.com, Inc. and Subsidiaries
Note to Condensed Consolidated Financial Statements  Continued
  December 31,
    
    
    March 31,2007
    
    
    2008Outstanding Principal (Primary Principal
Amount), with interest due at a rate per annum
equal to prime plus 1.0% (8.25% and 6.25% at
December 31, 2007 and March 31, 2008,
respectively), due December 31, 2009.
    
    $
    1,250,000
    
    
    $
    1,250,000Outstanding Principal (Secondary Principal
Amount), with interest due at a rate per annum
equal to the Applicable Federal Rate (3.88% and
2.25% at December 31, 2007 and March 31, 2008,
respectively), due December 31, 2009.
    
    
    3,891,361
    
    
    
    3,891,361Other long-term debt
    
    
    49,502
    
    
    
    92,259Total long-term debt
    
    
    5,190,863
    
    
    
    5,233,620Less current maturities
    
    
    (21,345
    )
    
    
    (24,652
    )Total long-term debt less current maturities
    
    $
    5,169,518
    
    
    $
    5,208,968
 8. Warrants
  WarrantsWeighted-Number
    
    
    Exercise
    
    
    Averageof Warrants
    
    
    Price
    
    
    Exercise PriceOutstanding and exercisable
at December 31, 2007
    
    
    2,500,000
    
    
    
    0.48
    
    
    $
    0.48Granted
    
    
    Exercised
    
    
    Cancelled
    
    
    Outstanding and exercisable
at March 31, 2008
    
    
    2,500,000
    
    
    
    0.48
    
    
    $
    0.48
   9




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ViewCast.com, Inc. and Subsidiaries
Note to Condensed Consolidated Financial Statements  Continued
 9. Earnings Per Share Data
   Three Months Ended March 31,2007
    
    
    2008(Unaudited)
    
    
    (Unaudited)Net income
(loss) applicable to common stockholders  numerator for basic and diluted earnings per share
    
    $
    52,635
    
    
    $
    (4,124
    )Weighted  average common shares outstanding  denominator for
basic earnings per share
    
    
    30,643,412
    
    
    
    32,080,256Dilutive potential common shares:Stock options
    
    
    150,274
    
    
    
    Warrants
    
    
    573,514
    
    
    
    Convertible preferred stock  Series E
    
    
    15,686,274
    
    
    
    Weighted  average common shares and dilutive potential common
shares outstanding  denominator for dilluted earning per share
    
    
    47,053,474
    
    
    
    32,080,256Net income (loss) per share:Basic
    
    $
    0.00
    
    
    $
    (0.00
    )Diluted
    
    $
    0.00
    
    
    $
    (0.00
    )Anti-dilutive securities excluded from diluted earnings per share:Stock options
    
    
    1,301,350
    
    
    
    3,326,267Warrants
    
    
    3,150,970
    
    
    
    2,500,000Convertible preferred stock  Series B
    
    
    2,206,896
    
    
    
    2,206,896Convertible preferred stock  Series C
    
    
    3,333,333
    
    
    
    3,333,333Convertible preferred stock  Series E
    
    
    
    
    
    
    15,686,274
 10. Stock-Based Compensation
    10




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ViewCast.com, Inc. and Subsidiaries
Note to Condensed Consolidated Financial Statements  Continued
 123(R).
   Stock OptionsWeighted-AverageNumber
    
    
    Price Per
    
    
    Exercise Priceof Shares
    
    
    Share
    
    
    Per ShareOutstanding at January 1, 2008
    
    
    2,660,850
    
    
    $
    0.20  $7.14
    
    
    $
    1.99Granted
    
    
    1,347,500
    
    
    
    0.30  0.48
    
    
    
    0.38Exercised
    
    
    Canceled/forfeited
    
    
    (16,667
    )
    
    
    0.22  3.56
    
    
    
    2.31Outstanding at March 31, 2008
    
    
    3,991,683
    
    
    $
    0.20  $7.14
    
    
    $
    1.45
  Weighted-Average
    
    
    Weighted-
    
    
    
    
    
    
    Weighted-Range of
    
    Outstanding at
    
    
    Remaining
    
    
    Average
    
    
    Exercisable at
    
    
    AverageExercise
    
    March 31,
    
    
    Contractual
    
    
    Exercise
    
    
    March 31,
    
    
    ExercisePrices
    
    2008
    
    
    Life
    
    
    Price
    
    
    2008
    
    
    Price$0.20  1.00
    
    
    2,742,333
    
    
    
    6.4
    
    
    $
    0.39
    
    
    
    883,979
    
    
    $
    0.401.01  2.00
    
    
    541,350
    
    
    
    2.9
    
    
    
    1.12
    
    
    
    541,350
    
    
    
    1.122.01  3.00
    
    
    110,000
    
    
    
    1.8
    
    
    
    2.51
    
    
    
    110,000
    
    
    
    2.513.01  4.00
    
    
    57,500
    
    
    
    0.8
    
    
    
    3.49
    
    
    
    57,500
    
    
    
    3.494.01  5.00
    
    
    12,500
    
    
    
    1.6
    
    
    
    4.53
    
    
    
    12,500
    
    
    
    4.535.01  6.00
    
    
    116,000
    
    
    
    1.7
    
    
    
    5.50
    
    
    
    116,000
    
    
    
    5.506.01  7.00
    
    
    2,000
    
    
    
    1.0
    
    
    
    7.00
    
    
    
    2,000
    
    
    
    7.007.01  7.14
    
    
    410,000
    
    
    
    1.5
    
    
    
    7.10
    
    
    
    260,000
    
    
    
    7.103,991,683
    
    
    
    5.1
    
    
    $
    1.45
    
    
    
    1,983,329
    
    
    $
    2.01
  11




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##### Table of Contents



ViewCast.com, Inc. and Subsidiaries
Note to Condensed Consolidated Financial Statements  Continued
 11. Other Income
  12. Income Taxes
   13. Related Party Transactions
  14. Accounts Receivable Loan Facility
  15. Preferred Stock Dividend
   12




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##### Table of Contents



ViewCast.com, Inc. and Subsidiaries
Managements Discussion and Analysis or Plan of Operation
 
 Item 2. Managements Discussion and Analysis or Plan of Operation
    Overview
 ® ® ®
   13




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##### Table of Contents



ViewCast.com, Inc. and Subsidiaries
Managements Discussion and Analysis or Plan of Operation  Continued
 Critical Accounting Policies
  
    
    Revenue Recognition We apply provisions of Securities and Exchange Commission
Staff Accounting Bulletin (SAB) No. 101, Revenue Recognition in Financial Statements as
revised by SAB 104, Revenue Recognition, SOP 97-2, Software Revenue Recognition, as
amended by SOP 98-9, Modification of SOP 97-2, Software Revenue Recognition, with
Respect to Certain Transactions and EITF 00-21, Revenue Arrangements with Multiple
Deliverables to transactions involving sales of our hardware and software products.
Under these guidelines, we recognize revenue on transactions where persuasive evidence
of an arrangement exists, title has transferred, product payment is not contingent upon
performance of installation or service obligations, the price is fixed or determinable
and payment is reasonably assured. We accrue warranty costs and sales allowances for
promotional activities at time of shipment based on historical experience. In
addition, we defer revenue associated with maintenance and support contracts and
recognize revenue ratably over the contract term.
    
    Allowance for Doubtful Accounts We maintain allowances for doubtful accounts for
estimated losses resulting from the inability of our customers to make required
payments. If the financial condition of our customers or distribution partners were to
deteriorate, resulting in an impairment of their ability to make payments, additional
allowances may be required.
    
    Excess and Obsolete Inventories We write down our inventories for estimated
obsolescence and unmarketable inventory equal to the difference between the cost of the
inventory and the estimated market value based upon assumptions about future demand and
market conditions. If actual market conditions are less than those projected by
management, additional write-downs may be required.
    
    Deferred Taxes We record a valuation allowance to reduce our deferred tax assets
to an amount that we believe is more likely than not to be realized. In our opinion,
realization of our net operating loss carryforward is not reasonably assured, and a
valuation allowance has been provided against deferred tax assets in excess of deferred
tax liabilities in the accompanying consolidated financial statements. However, should
we in the future determine that realization of deferred tax assets in excess of
recorded amounts is likely, an adjustment to the deferred tax assets would increase
income in the period such determination was made.
  14




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ViewCast.com, Inc. and Subsidiaries
Managements Discussion and Analysis or Plan of Operation  Continued
 Results of Operations
 Three Months Ended March 31, 2008 compared to
Three Months Ended March 31, 2007.
 Net Sales . ® ®
 Osprey Product Sales .
 ViewCast Niagara® Streaming/Encoding System Sales.
 Other Revenues .
 Cost of Sales and Gross Margins .
  Selling, General and Administrative Expenses .
 Research and Development Expense.
 Depreciation and Amortization Expense.
 Other Income (Expense)
  15




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ViewCast.com, Inc. and Subsidiaries
Managements Discussion and Analysis or Plan of Operation  Continued
 Net Income
 Liquidity and Capital Resources
          16




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ViewCast.com, Inc. and Subsidiaries
Managements Discussion and Analysis or Plan of Operation  Continued
     Off-Balance Sheet Arrangements
  
 Item 3. Quantitative and Qualitative Disclosure About Market Risk
     17




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ViewCast.com, Inc. and Subsidiaries
Controls and Procedures
 
 Item 4. Controls and Procedures
    18




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PART II: OTHER INFORMATION
 
   
   
   
   
   
    
    19




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SIGNATURES
  ViewCast.com, Inc.
(Registrant)Date: May 15, 2008
    BY:
    /s/ George C. PlattGeorge C. PlattChief Executive Officer

Principal Executive OfficerDate: May 15, 2008
    BY:
    /s/ Laurie L. LathamLaurie L. LathamChief Financial Officer

Principal Financial and Accounting Officer  20




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EXHIBIT INDEX
 ExhibitNumber31.1
    
    Rule 13a-14(a)/15d-14(a) CEO Certification31.2
    
    Rule 13a-14(a)/15d-14(a) CFO Certification32.1
    
    Section 1350 CEO Certification32.2
    
    Section 1350 CFO Certification
  21