**SECURITIES AND EXCHANGE COMMISSION**

** Washington,  D.C. 20549**

## **FORM 10-KSB**

[X]      Annual report under Section 13 or 15(d) of the Securities Exchange Act of 1934  for the fiscal year ended              December 31, 2001; or

[    ]      Transition report under Section 13 or 15(d) of  the Securities Exchange Act of 1934

COMMISSION FILE No. 1-11602

**SI DIAMOND  TECHNOLOGY, INC.**(Exact name of small  business issuer as specified in its charter)

| **TEXAS**                |  | **76-0273345**                        |
|--------------------------|--|---------------------------------------|
| (State of Incorporation) |  | (IRS Employer Identification  Number) |

**3006 Longhorn  Boulevard, Suite 107, Austin, Texas 78758**  (Address of principal executive office, including Zip Code)

           Registrant's telephone number, including area code: **(512) 339-5020**

           Securities registered pursuant to Section 12(b) of the Exchange Act:

> 
**      TITLE OF EACH  CLASS**

Common Stock, $0.001 par  value  

Securities registered  pursuant to Section 12(g) of the Exchange Act: None

         Check whether the issuer: (1) filed all reports required to be filed by  Section 13 or 15(d) of the Securities Exchange Act of 1934 during the past 12  months (or for such shorter period that the registrant was required to file  such reports), and (2) has been subject to such filing requirements for the  past 90 days.

Yes   X    No   __

         Indicate by check mark if disclosure of delinquent filers in response to Item  405 of Regulation S-B is not contained in this form and will not be contained,  to the best of registrant's knowledge, in definitive proxy or information  statements incorporated by reference in Part III of this Form 10-KSB or any  amendment to this Form 10-KSB.  [  ]

           State issuer's revenues for its most recent fiscal year:  $3,084,196

         The aggregate market value of the Common Stock held by non-affiliates of the  Registrant, based upon the closing sale price of the Common Stock on the OTC  Bulletin Board system on March 7, 2002 of $0.81, was approximately $53,561,546.    Shares of Common Stock held by each officer and director and by  each person who may be deemed to be an affiliate have been excluded.

         As of March 7, 2002, the registrant had 67,692,416 shares of Common Stock  issued and outstanding.

Transitional Small  Business Disclosure Format (check one).

Yes            No  X

----

**SI  DIAMOND TECHNOLOGY,  INC.**

**TABLE OF CONTENTS**

| **Part          I.**  | Page          1  |
|-----------------------|------------------|
|                  |                  |  |  |
|                  | Item          1. | *Business* | Page          1 |
|                       | Item 2.          | *Properties* | Page 9 |
|                  | Item  3.         | *Legal Proceedings* | Page 11 |
|                       | Item  4.         | *Submission of Matters to a Vote of Security Holders* | Page 12 |
|                  |                  |  |  |
| **PART II**           | Page 13          |
| * *              |                  |  |  |
|                  | Item  5.         | *Market for Registrant’s Common Stock and Related Stockholder Matters* | Page  13 |
|                       | Item 6*.*        | *Management's Discussion and Analysis of Financial Condition and Results of**Operations* | Page  16 |
|                  | Item 7*.*        | *Financial  Statements* | Page 21 |
|                       | Item 8*.*        | *Changes in and Disagreements with Accountants on Accounting and Financial**Disclosure* | Page  51 |
|                  |                  |  |  |
| **PART          III** | Page 52          |
| * *              |                  |  |  |
|                  | Item 9*.*        | *Directors, Executive Officers,  Promoters, Control Persons; Compliance          with Section**16 (a) of the Exchange  Act* | Page 52 |
|                       | Item 10.         | *Executive  Compensation* | Page 54 |
|                  | Item 11*.*       | *Security Ownership of Certain Beneficial  Owners and  Management* | Page 58 |
|                       | Item 12*.*       | *Certain Relationships and Related  Transactions* | Page 60 |
|                  | Item 13*.*       | *Exhibits and Reports on Form  8-K * | Page 60 |

* *Page i  

----

**FORWARD - LOOKING  STATEMENTS AND IMPORTANT  FACTORS AFFECTING FUTURE RESULTS**

                     Our disclosure and analysis in this report contains some forward-looking  statements.   Forward-looking statements give our current expectations or  forecasts of future events.   They use words such as “anticipate”, “believe”,  “expect”, “estimate”, “project”, “intend”, “plan”, and  other words and terms of similar meaning in connection with any discussion of  future operating or financial performance.   In particular, these include  statements relating to future actions, prospective products or product  approvals, future performance or results of current and anticipated products,  sales efforts, expenses, the outcome of contingencies such as legal  proceedings, and financial results.   From time to time, we also may provide  oral or written forward-looking statements in other materials we release to  the public.

                    Any or all of our forward-looking statements in this report and in any other  public statements we make may turn out to be wrong.   They can be affected by  inaccurate assumptions we might make or by known or unknown risks or  uncertainties.  Many factors mentioned in the following discussion - for  example, product development, competition, and the availability of funding -  are important in determining future results.  Consequently, no forward-looking  statement can be guaranteed.  Actual future results may vary materially.

                     We undertake no obligation to publicly update any forward-looking statements,  whether as the result of new information, future events, or otherwise.  You are  advised, however, to consult any further disclosures we make on related  subjects in our 10-QSB, 8-K, and 10-KSB reports to the SEC.  Also note that we  provide the following cautionary discussion of risks, uncertainties, and  possibly inaccurate assumptions relevant to our business.  These are factors  that we think could cause our actual results to differ materially from  expected and historical results.  Other factors besides those listed here could  also adversely affect us.

**We have no current  royalty agreements producing revenue**

                      Our future strategy is dependent on licensing our technology to other  companies and obtaining royalties based on products that these licensees  develop and sell.  We have no plans to manufacture and sell any carbon nanotube  field emission products ourselves, and as such, we have no carbon nanotube  field emission product revenues.  We signed a license agreement in 1999, for a  one-time, up front, payment of approximately $5.6 million.  This was a  non-exclusive license to Canon, Inc.  that covered substantially all of our  patents, including a portion of those related to the carbon nanotube field  emission technology.  This license will produce no future revenue unless Canon  decides to license the remaining patents.  We have no license agreements at the  present time that will provide any future revenues.  Upon completion of the  development process, we expect to license our technology to be used in the  HYFEDTM and PET products, as well as other carbon nanotube applications.  See  additional discussion related to the HYFEDTM and PET products  in the  risk factor “Our carbon nanotube field emission product development is in  its early stages and the outcome is uncertain”.  It is our intention that all  future license agreements will include a provision that requires the payment  of ongoing royalties, although there can be no assurance that will occur.  We  would expect to license our technology for these products, if they are  successfully developed to some or all of our development partners that were  previously identified or to other third parties interested in manufacturing  the products.

**Our development partners have  certain rights to jointly developed property and to license our technology**

                    We have committed to license our  technology to our development partners upon completion of certain development  projects that are in process.  The terms of any such license have not yet been  determined.  One of our development partners, Futaba Corporation, has paid us  $1.1 million for research services and has the right to offset this payment  against any future license fee payments due as a result of any license  agreement.  Our development partners also have rights to any jointly developed  property, however any such jointly developed property would be based, at least  in part, on our underlying technology and would require our partners to enter  into an agreement with us.  See also “Our  product development is in its  early stages and the outcome is uncertain” for further discussion.

Page ii

----

**Our****product development is in its early stages and the outcome is uncertain**

                     Our carbon nanotube field emission technology, and certain products that use  this technology, will require significant additional development, engineering,  testing and investment prior to commercialization.  We are exploring the use of  our technology in several different types of products, in addition to the  cathodes that we have developed that currently use this technology.  We have  two additional leading potential carbon nanotube field emission products.  We  are developing these products jointly with others based on our technology.  Upon successful completion of the development process, our development  partners will be required to license our technology to produce and sell the  products.  Our development partners retain all rights to any intellectual  property that they develop in the process.  Consequently, it may not be  possible for others to produce these products without obtaining licenses from  both our development partners and us.

                     The first product being developed is a Picture Element Tube (“PET”)  intended for use initially in large indoor displays.  If the PET is successful,  we expect to enhance it to allow it to be used in outdoor displays.  We are  jointly developing this product with Futaba Corporation (see Exhibit 10.13 to  this annual report on from 10-KSB).  We are overseeing the project and  incurring the majority of the costs.  Futaba has provided us $1.1 million to  cover our portion of the cost.  Futaba is also incurring internal costs related  to the research; however the $1.1 million that we are incurring represents the  majority of the costs incurred on the project.  Upon completion of the project,  Futaba has the right to enter into a license agreement with us to allow them  to manufacture the product.  Terms of the license agreement have not been  negotiated, however the $1.1 million paid by Futaba can be applied to any  license fees due from Futaba to us.  We anticipate that any license agreement  would involve both an initial up-front payment and ongoing royalties.  Any  jointly developed intellectual property will be jointly owned by the two  parties; however any such intellectual property would be based on our  underlying patented technology and therefore would still require Futaba to  license our technology.  The PET or displays may not be successfully  developed.  

                     We are also working on a product called the HyFEDTM, which combines what we  believe to be the best properties of a cathode ray tube (“CRT”) and our  carbon nanotube field emission technology.   It is our intention to  license our HyFEDTM technology to be used in the production of flat-screen TV  applications that are cost competitive with CRTs.  We are jointly developing  this product with the aid of a consortium that includes Electrovac GESMBH,  Imaging System Technology, Inc., Supertex, Inc., Schott Fiber Optics, Lead  Sangyo Co., Ltd., Shanghai Novel Color Picture Tube Co., Ltd., and Shanghai  Vacuum Electron Devices Co., Ltd.  (see exhibits 10.15 through 10.21 to this  annual report on from 10-KSB).  We are overseeing this consortium and expect to  incur approximately 50% of the total costs of the consortium over the life of  the project.  Each member of the consortium is responsible for its own costs.  We expect to incur in excess of $200,000 in costs during 2002 and expect to  complete the project by the end of 2002.  Upon completion of the project, each  consortium member has the first right to enter into agreements with us to  license our technology.  We expect any products that are developed to be  manufactured by other members of the consortium.  No terms have been negotiated  for any potential license agreements.

                     We currently supply cathodes using our carbon nanotube field emission  technology to Oxford Instruments, Inc.  in small quantities as described in  greater detail on page 3 of this 10-KSB under business development strategies.

                         If either the HyFEDTM, or the PET are developed using our carbon  nanotube field emission technology are developed, it may not be possible for  potential licensees to produce these products in significant quantities at a  price that is competitive with other similar products.  At the present time,  the only revenue that we receive related to our carbon nanotube field emission  technology is related to reimbursed research expenditures and the cathode  sales to Oxford Instruments.  These revenues are identified in our quarterly  filings on form 10QSB and our annual filings on form 10KSB as revenues of our  Applied Nanotech, Inc.  subsidiary in the related management discussion and  analysis sections.

 Page iii

----

**Our products may not  be accepted by the market**

                  Since our inception, we have focused our product development and R&D  efforts on technologies that we believe will be a significant advancement over  currently available technologies.  With any new technology, there is a risk  that the market may not appreciate the benefits or recognize the potential  applications of the technology.  Market acceptance of our products and products  using our technology will depend, in part, on our ability to convince  potential customers of the advantages of such products as compared to  competitive products.  It will also depend upon our ability to train  manufacturers and others to use our products

**We have a history of net losses**

                     We have a history of net losses.  Our only profitable year was 1999, based on  the strength of a license agreement of approximately $5.6 million signed in  March 1999.   We have incurred net income and  losses as shown below:

| Year          Ended December 31 |  | Net Income          (Loss)
1992

($1,630,978)

1993

($7,527,677)

1994

($7,255,420)

1995

($14,389,856)

1996

($13,709,006)

1997

($6,320,901)

1998

 ($3,557,548)

1999

$1,118,134

2000

($7,671,014)

2001

 ($5,081,559)

                 Although we expect to be profitable in the future, we may not be.   Our  profitability in 2002 is dependent on the signing of additional license  agreements.  We may, however, continue to incur additional operating losses for  an extended period of time as we continue to develop products.  We do, however,  expect the magnitude of those losses, if they continue, to decrease.   Sprouse  & Anderson, L.L.P., independent auditors of the Company, have expressed  uncertainty as to our ability to continue as a going concern based, in part,  on our accumulated losses from operations in prior years.  See “Independent  Auditor’s Report.” We have funded our operations to date primarily through  the proceeds from the sale of our equity securities and debt offerings.   In  the past, we were primarily a contract research and development organization,  but are in the process of transitioning to an organization that is primarily  dependent on products sales and other business operations.  In order to  continue our transition from a contract research and development organization  to an organization with ongoing operations, we anticipate that substantial  product development and introduction expenditures will continue to be  incurred.

**We are exposed to litigation  liability**

                     We have lawsuits that arise in the normal course of business, including  lawsuits by various trade creditors related to payment of amounts due.  We have  been subject to litigation in the past and have settled litigation in the past  that has resulted in material payments.  We expect all current lawsuits to be  resolved with no material impact on our financial statements and we are  unaware of any other potential significant litigation.  If we were to become  subject to a judgment that exceeds our ability to pay, that judgment would  have a material impact on our financial condition and could affect our ability  to continue in existence.

Page iv
       
**We have future  capital needs and the source of that funding is uncertain**

                     We expect to continue to incur substantial expenses for R&D, product  testing, product introduction, product marketing, and administrative overhead.  The majority of R&D expenditures are for the development of our carbon  nanotube field emission technology and our electronic display products.  One of  our business models is based on our installing electronic display products at  customer sites at our cost and then deriving advertising revenues from the  signs, or from the outright sale of these products.  We generally will not  install these products without some pre-sale of the advertising unless it is  part of a customer test.  Installation of our products at customer sites may  require a significant capital investment on our part.   We have other  business models and proposed arrangements that may involve the sale or lease  of products and the generation of revenue from the management of content on  customer owned displays.  Our outdoor electronic billboard product is available  now, however we are focused on our indoor products.  We also have a variety of  smaller electronic display products available that are intended primarily for  indoor use.  Some of our other proposed products may not be available for  commercial sale or routine use for a period of up to two years.  Commercialization of our existing and proposed products will require  additional capital in excess of our current capital.  A shortage of capital may  prevent us from achieving profitability for an extended period of time.  Because the timing and receipt of revenues from the sale of products will be  tied to the achievement of certain product development, testing, manufacturing  and marketing objectives, which cannot be predicted with certainty, there may  be substantial fluctuations in our results of operations.  If revenues do not  increase as rapidly as anticipated, or if product development and testing and  marketing require more funding than anticipated, we may be required to curtail  our expansion and/or seek additional financing from other sources.  We may seek  additional financing through the offer of debt or equity or any combination of  the two at any time.

                     We have developed a plan to allow us to maintain operations until we are able  to sustain ourselves on our own revenue, however our current cash levels are  not sufficient to fund operations until we reach that point.  We have the  existing resources to continue operations for approximately four to six weeks.  We have been operating in this manner for an extended period of time and we  believe that we have the ability to continue to raise short term funding, if  necessary, to enable us to continue operations until our plan can be  completed, although there can be no assurance that this is the case.   Our  plan is primarily dependent on raising funds through the licensing of our  technology, revenue generated from the installation of our electronic display  products, and through debt and equity offerings.

                     Our plan is based on current development plans, current operating plans, the  current regulatory environment, historical experience in the development of  electronic products and general economic conditions.  Changes could occur which  would cause certain assumptions on which this plan is based to be no longer  valid.  Our plan is primarily dependent on increasing revenues, licensing our  technology, and raising additional funds through additional debt and equity  offerings.  If adequate funds are not available from operations or additional  sources of financing, we may have to eliminate, or reduce substantially,  expenditures for research and development, testing and production of our  products.  We may have to obtain funds through arrangements with other entities  that may require us to relinquish rights to certain of our technologies or  products.  These actions could materially and adversely affect us.

**Rapid technological  changes could render our products obsolete and we may not remain competitive**

                     The display industry is highly competitive and is characterized by rapid  technological change.  Our existing and proposed products will compete with  other existing products and may compete against other developing technologies.  Development by others of new or improved products, processes or technologies  may reduce the size of potential markets for our products.  There is no  assurance that other products, processes or technologies will not render our  proposed products obsolete or less competitive.  Many of our competitors have  greater financial, managerial, distribution, and technical resources than we  do.  We will be required to devote substantial financial resources and effort  to further R&D.  There can be no assurance that we will successfully  differentiate our products from our competitors' products, or that we will  adapt to evolving markets and technologies, develop new products, or achieve  and maintain technological advantages.

Page v
       
**We have technologies  subject to licenses**

                    As a licensee of certain research technologies through license and assignment  agreements with Microelectronics and Computer Technology Corporation (“MCC”),  we have acquired rights to develop and commercialize certain research  technologies.  In certain cases, we are required to pay royalties on the sale  of products developed from the licensed technologies and fees on revenues from  sublicensees.  We also have to pay for the costs of filing and prosecuting  patent applications.  The agreement is subject to termination by either party,  upon notice, in the event of certain defaults by the other party.  We expect  any royalty payments to be made to MCC to be insignificant based on the  substantial amounts of revenues that would have to be generated to offset the  costs of maintaining the patents over the years.

                    We have also licensed certain patents related to carbon nanotube technology  from Till Keesman.  We are obligated to pay 50% of any royalties that we  receive related to these patents to Mr. Keesman.  If minimum royalties, or a  payment in lieu of royalties, of $500,000 have not been paid by the end of  May, 2002, the license will terminate at that time.  If minimum royalties of  $500,000 have been paid by the end of May 2002, but minimum royalties, or  payments in lieu of royalties, of $1,000,000 have not been paid by May, 2004,  the license will terminate at that time.  The effect of termination of this  license could have a significant impact on us.  At the present time, we have no  product or revenue that is dependent on these patents.  We are developing  products that may depend, in part, on these patents, including both the HYFEDTM  and PET.  If these products are successfully developed and they use the  licensed technology, termination of this license agreement would have a  significant negative impact.  We expect to make the minimum payments due under  the agreement if we have products or other licenses that are dependent on  these patents.  This payment could have a significant impact on our liquidity  if it is paid in cash, or cause us to raise additional funds through the  issuance of equity or debt.

                    Certain of the products that we are developing may, in part, be based on some  of the patents that we have licensed.  Both of the main products that we are  developing based on our CARBON NANOTUBE FIELD EMISSION Technology may rely on  certain of the patents.  Successful completion of the development work and  introduction of the HyFEDTM and PET products may require us to pay royalties  or license fees to either MCC or Till Keesman.

**We have limited  manufacturing capacity and experience**

                    We have no established commercial manufacturing facilities in the area  of  the carbon nanotube field emission technology in which we are  conducting our principal research.   At the present time, we have no intention  of establishing a manufacturing facility related to our carbon nanotube field  emission technology.  We are focusing our efforts on licensing our technology  to others for use in their manufacturing processes.  The management team has  commercial manufacturing and marketing experience in other industries and with  other products in the display industry; however, we have no experience in  manufacturing our  proposed carbon nanotube field emission products.  To  the extent that any of our other products require manufacturing facilities, we  intend to contract with a qualified manufacturer.

**Our success is dependent on our  principal products and technology**

                    Our carbon nanotube field emission technology is an emerging  technology.  Our  financial condition and prospects are dependent upon our licensing the  technology to others and upon market acceptance of our electronic display  products.  Additional R&D needs to be conducted on the carbon nanotube  field emission technology before others can produce products using this  technology.  Market acceptance of  our products and products using our  technology will be dependent upon the perception within the electronics and  instrumentation industries of the quality, reliability, performance,  efficiency, and breadth of application and cost-effectiveness of the products.  There can be no assurance that we will be able to gain commercial market  acceptance for our products or develop other products for commercial use.

Page vi
       
**We are dependent on  the availability of materials and suppliers**

                     The materials used in producing our current and future products are purchased  from outside vendors.  In certain circumstances, we may be required to bear the  risk of material price fluctuations.  We anticipate that the majority of raw  materials used in products to be developed by us will be readily available.  However, there is no assurance that the current availability of these  materials will continue in the future, or if available, will be procurable at  favorable prices.

**We may be unable to  enforce or defend our ownership and use of proprietary technology**

                     Our ability to compete effectively with other companies will depend on our  ability to maintain the proprietary nature of our technology.  Although we have  been awarded patents, have filed applications for patents, or have licensed  technology under patents that we do not own, the degree of protection offered  by these patents or the likelihood that pending patents will be issued is  uncertain.  Competitors in both the United States and foreign countries, many  of which have substantially greater resources and have made substantial  investment in competing technologies, may already have, or may apply for and  obtain patents that will prevent, limit or interfere with our ability to make  and sell our products.  Competitors may also intentionally infringe on our  patents.  The defense and prosecution of patent suits is both costly and  time-consuming, even if the outcome is favorable to us.  In foreign countries,  the expenses associated with such proceedings can be prohibitive.  In addition,  there is an inherent unpredictability in obtaining and enforcing patents in  foreign countries.  An adverse outcome in the defense of a patent suit could  subject us to significant liabilities to third parties.  Although third parties  have not asserted infringement claims against us, there is no assurance that  third parties will not assert such claims in the future.

                   We also rely on unpatented proprietary technology, and there is no assurance  that others will not independently develop the same or similar technology, or  otherwise obtain access to our proprietary technology.  To protect our rights  in these areas, we require employees, consultants, advisors and collaborators  to enter into confidentiality agreements.  These agreements may not provide  meaningful protection for our trade secrets, know-how, or other proprietary  information in the event of any unauthorized use, misappropriation or  disclosure of such trade secrets, know-how, or other proprietary information.  While we have attempted to protect proprietary technology that we develop or  acquire and will continue to attempt to protect future proprietary technology  through patents, copyrights and trade secrets, we believe that our success  will depend upon further innovation and technological expertise.

**We may not be able to  provide system integration**

                   In order to prove that our technologies work and will produce a complete  product, we must ordinarily integrate a number of highly technical and  complicated subsystems into a fully integrated prototype.  There is no  assurance that we will be able to successfully complete the development work  on some of our proposed products or ultimately develop any market for those  products.

**The loss of key  personnel could adversely affect our business**

                     Our future success will depend on our ability to attract and retain highly  qualified scientific, technical and managerial personnel.  Competition for such  personnel is intense.  We may not be able to attract and retain all personnel  necessary for the development of our business.  In addition, much of the  know-how and processes developed by us reside in our key scientific and  technical personnel.  The loss of the services of key scientific, technical and  managerial personnel could have a material adverse effect on us.

Page vii
       
**Our revenues have been dependent  on government contracts in the past**

                        In previous years, a significant part of our revenues were derived from  contracts with agencies of the United States government.  Following is a  summary of those revenues in recent years:
Year          Ended December 31Revenues          from          Government          ContractsPercentage          of          Total Revenue
1992

$930,000         

 99%

1993

$1,147,000         

 89%

1994

$820,000         

  41%

1995

$1,009,000         

 33%

1996

$2,869,000         

 50%

1997

$854,000         

 24%

  1998

  $0         

 0%

1999

  $0         

 0%

2000

$352,341         

 13%

2001

$466,680         

 15%

                   We currently have commitments for future government funding of approximately  $280,000.  We do not intend to seek any government funding unless it directly  relates to achievement of our strategic objectives.  A significant portion of  the cost associated with the revenue recognized in 2000 were costs paid to a  subcontractor on the project.

                   Contracts involving the United States government are, or may be, subject to  various risks including, but not limited to, the following:
- Unilateral termination for the convenience of the  government
- Reduction or modification in the event of changes  in the government's requirements  or              budgetary constraints
- Increased or unexpected costs causing losses or  reduced profits under fixed-price contracts  or             unallowable costs under cost reimbursement contracts
- Potential disclosure of our confidential  information to third parties
- The failure or inability of the prime contractor  to perform its prime contract in  circumstances  where we are a subcontractor
- The failure of the government to exercise options  provided for in the contracts
- The right of the government to obtain a  non-exclusive, royalty free, irrevocable  world-wide             license to technology developed under contracts  funded  by the government if  we             fail to continue to develop the technology

Page viii
       
**PART I.**

                   When used in this document, the words “anticipate”, “believe”, “expect”,  “estimate”, “project”, “intend”, “plan”, and similar  expressions are intended to identify forward-looking statements.  Such  statements are subject to certain risks, uncertainties, and assumptions.  Should one or more of these risks or uncertainties materialize, or should  underlying assumptions prove incorrect, actual results may vary materially  from those anticipated, believed, expected, estimated, projected, intended, or  planned.  For additional discussion of such risks, uncertainties, and  assumptions, see “Forward-Looking Statements and Important Factors Affecting  Future Results” included at the beginning of this report.

**Item 1.  *Business.***

**DESCRIPTION OF BUSINESS**

**General**

                   SI Diamond Technology, Inc., a Texas corporation, acting through its  subsidiaries, is engaged in the development of products and services based  principally on novel applications  of carbon nanotube technology using  thin films and the development and application of display technologies.  We  believe that microelectronic and other applications of carbon nanotube  technology will play an important role in the electronics and other industries.    Our research at NANOTECH (formerly Field Emission Picture Element  Technology, Inc.) is focused on identifying key applications of this  technology.  In addition to the electronics industry, we are also working on  applications of our technology in the medical, x-ray, and wireless  communication industries.  Based on our research, we are currently engaged in  the development of uses for our carbon nanotube field emission technology.  We  are also developing electronic display products based on existing technology.  Electronic billboards and other electronic display products would provide a  market for the Company’s Picture Element Tube (“PET”) product when  completed.  We believe that our greatest growth opportunity lies in carbon  nanotube field emission products and the development of our electronic display  products for indoor and outdoor point of purchase advertising.

                     We were incorporated in Texas in 1987.  Our directly and indirectly owned  subsidiaries are as follows:

  Subsidiary

 State of Incorporation

Status

Electronic Billboard Technology, Inc.  (“EBT”)

Delaware

  Active

Sign Builders of America, Inc.  (“SBOA”)

Delaware

  Active

Applied Nanotech, Inc.  (“NANOTECH”)  formerly  Field Emission Picture Element Technology, Inc.

 Delaware

  Active

                     Our business includes the development and commercialization of electronic  display products, the manufacture and sale of all types of signage, and the  development and commercialization of carbon nanotube field emission technology.  From time to time, we also conduct contract research and  development, primarily for United States governmental agencies.  The business  efforts of SI Diamond have arisen out of its interest in nanoparticles and  thin film materials, notably carbon nanotubes,  thin carbon film, diamond  film, and diamond-like carbon film ("DLC").  These interests have led  us into microelectronics-related processes, thin film based carbon nanotube  field emission technology, and electronic display products.

                     We conduct our operations through our subsidiaries.  EBT is engaged in the  development and introduction of electronic display products, such as indoor  point of sale products, outdoor display devices for use in the fast food or  other industries, and billboards.  EBT installed electronic displays at  customer test sites throughout  2000 and 2001 and received an order from  McDonald’s of Hawaii in January 2002 to install electronic displays at 80  locations.  These installations are expected to occur in the summer of 2002.  SBOA manufactures and sells all types of  signage.  NANOTECH is conducting  research on and developing uses for carbon nanotube technology.  Where  appropriate, we enter into collaborations with third parties as discussed in  greater detail under the heading “Technology Agreements” later in this  section.

Page 1
       
                   We incurred research and development expense of $2,368,744 in 2001 and  $2,620,623 in 2000.  Some of our proposed products will require significant  additional development, engineering, testing and investment prior to  commercialization and certain of these proposed products may not be available  for commercial sale or routine use for a period of up to two years.  There is  no assurance that all products currently under development will be  successfully developed,  produced in commercial quantities on a  cost-effective basis, or marketed successfully.

**Business  Segments**

                   ***Applied Nanotech, Inc**.  *NANOTECH  was incorporated in  January 1997 and is developing our proprietary carbon nanotube field emission  technology.  In the past, our research has concentrated on the emission  properties of diamond like substances.  Diamond is a subset of carbon and our  research has indicated that carbon is actually a better emitter.  Accordingly,  our research is now focused in the broader area of carbon nanotube field  emission technology and its application to the electronics, medical, x-ray,  and wireless communication industries.

                   We are developing a new display technology, the HyFED, which combines  what we believe to be the best properties of cathode ray tubes (“CRTs”)  and our carbon nanotube field emission technology.  We are also expanding our  research to apply our technology to other non-display related fields.  Our  plans for this technology are discussed in the section entitled “Business  Development Strategies” later in this report.  We successfully completed  phase I of our HyFED development by building a 4” monochrome proof of  concept.  As part of phase II, we are working to develop a  4” full  color proof of concept as a precursor to development of a 60” display.

                   Another intended use for the  technology is in a PET.  The PET is a unique, high brightness, multi-color  display component intended for use initially in outdoor billboards, indoor  video walls, and alphanumeric displays.  This technology, when fully developed,  could be a natural step in the improvement of the Company’s electronic  billboard and other electronic products.

                   ***Electronic Billboard Technology, Inc***.  EBT was incorporated in  January 1997 to focus on developing sun-readable display products for outdoor  use.   Its initial primary product focus was an electronic billboard which  would enable the outdoor advertising industry to exploit the Internet and  information revolution by placing ads at different locations at different  times.  We have shifted our focus to displays for indoor use that could be used  as part of an overall point of purchase advertising program and have tested  our products at several customer sites.  Our plans for our electronic display  products are discussed in greater detail in the section entitled “Business  Development Strategies” later in this report.

                   ***Sign Builders of America, Inc.  ***SBOA was incorporated in August  1999 to acquire the assets (including the right to use the name) and certain  liabilities of a company operating under the same name.  SBOA is a manufacturer  of high quality signage with a broad customer base throughout the United  States.  Prior to our acquisition of SBOA, they were a vendor of EBT’s.  SBOA  also assisted in the development of the electronic billboard, but now  primarily as a manufacturer of signs for others.  SBOA has two significant  customers (see Note 17 to the consolidated financial statements).  SBOA has no  significant raw material suppliers.

                   ***Other.  ***We also incur general overhead to operate the  Company that is not associate with any specific subsidiary.

                   ***Revenue.  ***We had revenue in 2001 of $1,091,951 from NANOTECH,  $1,982,245 from SBOA, and $10,000 from EBT.

**Business Development  Strategies**

                   ***Overall***.   We are primarily a technology company.   We  are focusing our efforts on research, product development, and licensing our  technology to others.  NANOTECH is focused on developing world-class  technologies using carbon nanotubes and carbon films for electron field  emission applications.  EBT is focused on the introduction of its electronic  display products.  We currently have a sign manufacturing facility that we  acquired through our acquisition of SBOA.  We have no plans to establish any  other manufacturing facilities in the immediate future.  To the extent that we  need to develop additional manufacturing capabilities, we intend to use  manufacturing partnerships, joint ventures, or arrange to have products  manufactured through contract manufacturers.  

Page 2
       
**NANOTECH**

                   ***Licensing agreements**.  *We  have an extensive patent portfolio that we have developed and acquired over  the years.  Licensing of this technology to major companies in the display  industry is a critical part of our overall strategic plan and critical to  achieving profitability in the short run.  In March 1999, we signed our first  significant license agreement with Canon, Inc.  In exchange for a one-time,  up-front payment of approximately $5.6 million, Canon was granted a  non-exclusive right to use a portion of our technology.  While we have had  numerous discussions with other potential licensees, we have no licensing  agreements generating ongoing revenue at the present time.  We expect to sign  multiple license agreements over the next few years and we expect that such  license agreements will include an up-front payment and a continuing royalty  stream based on the products sold by the licensee.  We have made significant  progress on our carbon nanotube based carbon nanotube field emission  technology since the time of the Canon license agreement and believe our  patent portfolio to be much more valuable than it was at the time of the Canon  license agreement.

                   ***Carbon Nanotube Field Emission  Technology.  ***The  major short run focus of NANOTECH is the continued development and  commercialization of its carbon nanotube field emission technology.   Our  current research and development efforts are focused on developing our  technology for use in the display, medical, x-ray, and wireless communication  industries.  We have two main potential product for the display industry, the  HyFED and the PET.

                   ***HYFED*** -  We have developed a new display technology,  the HyFED.  HyFED combines what we believe to be the best properties of CRTs  and our carbon nanotube field emission technology using our proprietary  diamond/carbon thin films.  We expect the HyFED to compete with Plasma Displays  in both cost and quality.  We anticipate that the HyFED will achieve a  high-quality thin display using the existing manufacturing base of CRTs.  The  HyFED display has the potential to be larger, brighter, and have higher  resolution than conventional CRTs, while still remaining cost-competitive with  existing CRTs.   In January 1999, we formed an International Development  Team to develop the first HyFED display.  The International Development Team  was composed of six organizations - four from Japan, one from Europe, and  ourselves.  The International Development Team completed a working four-inch  monochrome prototype of the HyFED in January 2000.  The team has been expanded  and is now working to improve the prototype so that it is capable of  displaying a uniform full motion color video image on the screen.  Each member  of the team is focusing on the development of a specific portion of the  prototype and members are funding their own portion of the work.  Upon  completion of the final prototype, these team members will be given the first  opportunity to license the HyFED technology.  We expect to license our HyFED  technology within the next eighteen months.

                   ***PET*** - The PET is a basic display device which  could be used in many display applications, including  electronic  billboards.  The carbon nanotube field emission technology provides several  advantages over the existing technologies used in these areas.  It generally  has a higher image quality, better sunlight readability, lower cost, lower  energy usage, improved viewing angle and excellent video capabilities.  As soon  as the product is commercially viable, we plan to introduce it in our  electronic billboard product.  We would also target other large display  manufacturers that manufacture displays for such uses as sports arenas, video  walls, alphanumeric signs, etc.  We have demonstrated that the PET works and  are now working to solve some remaining packaging issues related to the  product.  We expect to solve these issues within the next year and expect that  the product will move into the manufacturing stage at that point.  We do not  intend to manufacture these PETs ourselves, but rather license other  manufacturers to produce them.  We are currently working with a Futaba, a large  Japanese display manufacturer, to complete development of the PET and have  received a total of $1.1 million from this company to continue our development  of the PET.

                 ***Cathodes*** – We currently supply cathodes to Oxford Instruments  for use in their portable Horizon 600 hand-held XRF Spectrometer, an X-ray  device used for alloy sorting, materials identification, and inorganic  analysis.  These cathodes use our proprietary carbon nanotube technology.  We  are also testing our cathodes for use by other potential customers in other  applications such as plasma igniters for electric thrusters, sterilization and  decontamination applications and other microelectric applications.

Page 3
       
                   ***Other Carbon Nanotube Field Emission Products*** – We are also  concentrating on developing uses for our technology in industries other than  the display industry.  We have developed a carbon nanotube cold cathode  electron source, which can be utilized for many non-display related  applications such as x-ray tubes, medical devices, microelectronics,  nanotechnologies, low-power thrusters, CRT electron guns, wireless  communications, and polluted air scrubbing.  We have signed a license agreement  with Oxford Instruments to provide cathodes for use in their products in the  field of X-ray technology.   We have also received a grant of  approximately $582,000 from NASA to develop low power thrusters using our  technology.  This grant was received as a follow up to an initial feasibility  study funded by NASA in the amount of approximately $67,000.  We are also  researching the use of our technology in other industries, and are encouraged  by the preliminary results that we have achieved to date.
**EBT**
                   ***Electronic Display Products.  ***  EBT has  developed and markets several electronic display products, including the  E-Window, the E-Banner, the Digital Poster, and an electronic billboard.  We  are focusing our current  marketing efforts on our indoor electronic  display products.  We are targeting major national retailers for the use of  these displays in conjunction with existing on-site signage.  We intend to  either lease or operate our display products through joint venture  arrangements with these retailers, or to sell the units and manage content for  the retailers.  To facilitate our entry into this market, we have signed  marketing agreements with Vision Mark, LLC (“Vision Mark”), a Texas  limited liability company, and a related consulting and advisory services  agreement with C&A Services LLC (“C&A”), a Texas limited liability  company, affiliated with Vision Mark.  We have also signed a marketing  agreement with Kaleidoscope Communications, a global advertising and marketing  agency.

                   As a result of the Vision Mark agreement, we signed an agreement with Eckerd  Corporation, a subsidiary of JCPenney to install two electronic billboards on  a test basis in 2000.  We installed these billboards at stores in Clearwater,  Florida and Austin, Texas in 2000.  As a result of the successful tests of the  outdoor signs at these two sites, which have now ended, we signed an  additional agreement with Eckerd Corporation in February 2001 to install  indoor point of sale displays at ten Eckerd locations in four states.  These  indoor displays were installed in 2001 and are currently part of an expanded  test by Eckerd Corporation.  In 2001, the Vision Mark agreement was cancelled  and replaced with separate agreements with some of the principals of Vision  Mark.

                   As a result of our agreement with Kaleidoscope, we signed an agreement with  McDonald’s to install our E-Window and E-Banner products at several  locations for a test that ran through June 2001.  These tests result in an  increase in the unit sales of the items featured on the displays and the test  was expanded in scope and to additional locations.  McDonald’s of Hawaii has  since decided to install these display products in all of its approximately 80  locations for both internal use and to allow advertising within its  restaurants.

                   We also intend to use Kaleidoscope and other advertising agencies to sell the  advertising on displays that we own that are installed at customer locations,  such as with the McDonald’s agreement described above.  Kaleidoscope, which  is affiliated with DDB worldwide, one of the largest advertising agencies in  the world, will bring us needed expertise in the sale of advertising.

                   We are also targeting other national retail chains, banks, restaurants, and  others for our display products.  We previously signed an agreement with  Cinemark, a national theatre chain, for installation of a billboard at a test  site.  Because of the difficult financial conditions currently being  experienced by the theatre industry and because of the limitations on  advertising at these locations, we terminated this contract in 2001.

                   We are also developing an outdoor electronic billboard using Liquid Crystal  Display (“LCD”) technology.  This LCD billboard, when fully developed using  our patented technology, is expected to provide similar quality at  approximately one third the cost of existing outdoor electronic billboards.  We  have developed a demonstration model of our LCD billboard that was completed  in January 2001.  The model is modular in design and consists of four one foot  by one-foot modules.  We are currently working to develop this technology for  manufacturing.

Page 4
       
                   ***Other Electronic display products**.  *EBT, in conjunction with  Texas Digital Systems, Inc.  (“TDS”), a distributor to the fast food  industry, developed an outdoor electronic display for use in the fast food  industry.  These units, primarily in 10.4” to 17” sizes, are readable  outdoors in direct sunlight and intended for use at the drive through window  of fast food restaurants.  We received a royalty on all units sold by TDS  through December 31, 1999, when the agreement was terminated.  We believe that  TDS continued to use our patented technology after the termination of the  agreement and as described in greater detail in Item 3, the matter is  currently under litigation.  We are seeking back royalties for all products  shipped by TDS which involve our technology and for payment of future  royalties related to all products sold which involve our technology.

**SBOA**

                   ***Custom Sign Manufacturing*.  **SBOA is  continuing to target customers in its home geographical area of Central Texas  and selected national accounts using its own internal sales force.

 

 

 

Page 5
       
**Competition**

**EBT**

***Indoor Electronic  Display Products***.  Our other electronic display  products face competition from a variety of similar products and a variety of  sources.  Our E-window product is a unique product with a patent pending, which  gives us an advantage in this area.  Our success in this area is dependent on  our ability to market our products.  We believe our marketing efforts are  enhanced by our ability to provide a complete product line, including the  sun-readable outdoor displays, and the E-window product.

***Electronic  Billboards.  ***We believe that the proprietary  version of the VFD and LCD technologies that we have developed is superior to  existing technology when combining the issues of brightness, cost, and image  quality required for electronic billboards.  Competing technologies include:
-  Light Emitting Devices (“LED”) which have a  grainy picture, do not allow certain colors to be viewed in direct sunlight,              and  have a high initial costIncandescent bulbs that are high maintenance and  result in poor graphicsElectromechanical systems that have poor image  qualities and limited colors
                   We are unaware of any other organizations developing an electronic billboard  using technologies similar to ours.  However, these are existing technologies  used in many applications.  Competition from other manufacturers could develop  at any time.  There are several other companies either producing or developing  electronic billboards using other technologies.

**NANOTECH**

                   ***Carbon Nanotube Field Emission Technology.  ***There  are other companies attempting to develop non-carbon based field emission  display technologies.  It is our opinion that these technologies will not be as  cost efficient or demonstrate as high a level of brightness as the carbon  nanotube field emission technology.  In addition, these companies are  attempting to develop these technologies for use in computer screens rather  than large display applications.  Other competition for the carbon nanotube  field emission technology comes from the existing technologies used in the  industries for which the Company is developing the technology.  These  technologies vary from industry to industry.

                   ***Nanoparticles.  *** There are many organizations doing research  and developing products using nanoparticles, some of which may be carbon based.  We believe our patents in this area are superior and give us an  advantage over potential competitors and may require some potential  competitors to license our technology.

**SBOA**

                   ***Custom Signs.  ***SBOA faces competition  from a variety of national, regional and local custom sign manufacturers.  The  custom sign business is an extremely competitive business.

**Technology Agreements**

                   ***MCC**.  *We acquired 62 patents and patent  applications related to the carbon nanotube field emission technology from MCC  in 1998.   We are obligated to pay MCC a royalty of 2% of future  commercial revenues related to these patents.  We can, however, offset certain  pre-defined expenses against these royalty payments.  It is not expected that  we will be obligated to pay any royalties in the near future.

Page 6
       
                   ***Till Keesman.  ***We licensed 6 patents from Till  Keesman in exchange for a payment of $250,000 payable in shares of our common  stock.  Under the terms of the agreement, we are obligated to pay license fees  equal to 50% of any royalties received by the Company related to these patents.  We are allowed to offset certain expenses, up to a maximum of $50,000  per year, against payments due under this agreement.  The agreement also  contains provisions related to minimum license fee payments.  If we do not pay  minimum additional license fees of $500,000 by May 2002, the license will  terminate at that point.  If we do not pay additional cumulative license fees  of $1,000,000 (including any fees applied toward the previously described  minimum due in May 2002) by May 2004, the license will terminate at that point.  We are not obligated to make any additional payments, but the license  may terminate if these payments are not made.  We expect to make the minimum  payments to retain our rights to the patents, even if sufficient royalties  have not been generated yet by the patents.

**Intellectual   Property Rights**

                   An important part of our product development strategy is to seek, when  appropriate, protection for our products and proprietary technology through  the use of various United States and foreign patents and contractual  arrangements.

                   We own or license 66 issued patents, two allowed patents, and have 69 patent  applications pending before the United States Patent and Trademark Office, and  have published 17 patents.  We also have several unsubmitted patent  applications in process.  The patents, allowances and applications relate to  the carbon nanotube field emission technology and other technologies.  In  addition, there are foreign counterparts to certain United States patents and  applications.  We consider our patent portfolio to be our most valuable asset.

                   The patenting of technology-related products and processes involves uncertain  and complex legal and factual questions.  To date, no consistent policy has  emerged regarding the breadth of claims of such technology patents.  Therefore,  there is no assurance that our pending United States and foreign applications  will issue, or what scope of protection any issued patents will provide, or  whether any such patents ultimately will be upheld as valid by a court of  competent jurisdiction in the event of a legal challenge.   Interference  proceedings, to determine priority of invention, also could arise in any of  our pending patent applications.  The costs of such proceedings would be  significant and an unfavorable outcome could result in the loss of rights to  the invention at issue in the proceedings.  If we fail to obtain patents for  our technology, and are required to rely on unpatented proprietary technology,  there is no assurance that we can protect our rights in such unpatented  proprietary technology, or that others will not independently develop  substantially equivalent proprietary products and techniques, or otherwise  gain access to our proprietary technology.

                   Competitors have filed applications for or have been issued patents and may  obtain additional patents and proprietary rights relating to products or  processes used in, necessary to, competitive with, or otherwise related to,  our patents.  The scope and validity of these patents, the extent to which we  may be required to obtain licenses under these patents or under other  proprietary rights and the cost and availability of licenses are unknown.  This  may limit our ability to license our technology.   Litigation concerning these or  other patents could be protracted and expensive.  If suit were brought against  us for patent infringement, a challenge in the suit by us as to the validity  of the other patent would have to overcome a legal presumption of validity.  There can be no assurance that the validity of the patent would not be upheld  by the court or that, in such event, a license of the patent to us would be  available.  Moreover, even if a license were available, the payments that would  be required are unknown and could materially reduce the value of our   interest in the affected products.  We do, however, consider our patents to be  very strong and easily defendable in any action that may be brought against  us.

                   We also rely upon unpatented trade secrets.  No assurance can be given that  others will not independently develop substantially equivalent proprietary  information and techniques or otherwise gain access to our trade secrets or  disclose such technology or that we can meaningfully protect our rights to our  unpatented trade secrets.

 

Page 7
       
                   We  require our employees, directors, consultants, outside scientific  collaborators and sponsored researchers and other advisors to execute  confidentiality agreements upon the commencement of employment or consulting  relationships with us.  These agreements provide that all confidential  information developed or made known to the individual during the course of the  relationship is to be kept confidential and not disclosed to third parties  except in specific circumstances.  In the case of employees, the agreements  provide that all inventions conceived by the individual shall be our exclusive  property.  There is no assurance, however, that these agreements will provide  meaningful protection for our trade secrets in the event of unauthorized use  or disclosure of such information.

**Government Regulation**

                   Our products will be subject to extensive government regulation in the United  States and in other countries.  In order to produce and market our existing and  proposed products, we must satisfy mandatory safety standards established by  the U.S.  Occupational Safety and Health Administration ("OSHA"),  pollution control standards established by the U.S.  Environmental Protection  Agency ("EPA") and comparable state and foreign regulatory agencies.  We may also be subject to regulation under the Radiation Control for Health  and Safety Act administered by the Center for Devices and Radiological Health  ("CDRH") of the U.S.  Food and Drug Administration.  We do not believe  that our carbon nanotube field emission products will present any significant  occupational risks to the operators of such equipment.   In addition, the  carbon nanotube field emission products are not expected to produce  significant hazardous or toxic waste that would require extraordinary disposal  procedures.  Nevertheless, OSHA, the EPA, the CDRH and other governmental  agencies, both in the United States and in foreign countries, may adopt  additional rules and regulations that may affect us and our products.  Additionally, our arrangements with our customers and affiliates may subject  our products to export and import control regulations of the U.S.  and other  countries.  The cost of compliance with these regulations has not been  significant in the past and is not expected to be material in the future.

                   In the past, a portion of our  revenues have consisted of reimbursement  of expenditures under U.S.  government contracts.  We recognized $466,680 of  revenue in 2001 and $352,341 in 2000 related to government contracts.  These  reimbursements represent a portion of the costs associated with such contracts.  As of December 31, 2001, we have two grants in process.  Government  contracts are subject to delays and risk of cancellation.  Also, government  contractors generally are subject to various kinds of audits and  investigations by government agencies.  These audits and investigations involve  review of a contractor's performance on its contracts, as well as its pricing  practices, the costs it incurs and its compliance with all applicable laws,  regulations and standards.  We are, and in the future expect to be, audited by  the government.

**Employees**

                   As of March 7, 2002, we had 54 full-time employees, including five executive  officers.  Within the next twelve months, if business conditions support it, we  expect to hire additional employees.  We are not subject to any collective  bargaining agreements and we consider our relations with our employees to be  good.
     
 

 

Page 8
       
**EXECUTIVE OFFICERS**

                     The names of executive officers of the Company and certain information with  respect to each of them are set forth below.

Name

Age

     Position

 

    Marc          W.  Eller

    Zvi Yaniv          

    Tracy Vaught

    Douglas          P.  Baker

    Jake Schroepfer

           

46          

55

45

          45

48

              

     Chairman  and Chief          Executive Officer          

     President and Chief Operating          Officer

     Vice President and Chief          Accounting Officer

     Vice President and Chief          Financial Officer

     Chief Executive Officer, EBT

 

                   Marc W.  Eller has served as the Company’s Chief Executive Officer since July  29, 1996.  Mr. Eller is Chairman of the Board of Directors and has been a  Director since November 1995.  Mr. Eller co-founded BEG Enterprises, Inc.  in  1989 and has been its Vice President since that date.  Prior to becoming CEO,  Mr. Eller was involved in commercial real estate investment and in investment  banking activities for publicly traded companies.  Mr. Eller has a B.A.  degree  in Economics.

                   Dr. Zvi Yaniv has served as the Company’s President and Chief Operating  Officer since July 29, 1996.  Dr. Yaniv has degrees in physics, mathematics,  and electro-optics as well as a Ph.D.  in Physics.  Prior to joining the  Company, in May 1996, Dr. Yaniv operated a consulting practice and previously  was President and CEO of OIS Optical Imaging Systems Inc., a supplier of flat  panel color liquid crystal displays to the avionics and defense industries.

                   Tracy Vaught has been Vice President since March 10, 2000.  She also served as  Chief Financial Officer  until February 7, 2002, when she became Chief  Accounting Officer.  Ms.  Vaught became a CPA in 1983 and received a B.A.  from  the University of Texas at Austin in 1977.  Prior to becoming an officer of the  Company,  Ms.  Vaught served as controller of SBOA since 1994.  She also  has public accounting experience at both a local CPA firm in Austin, Texas and  Coopers & Lybrand in Houston, Texas.

                   Douglas P.  Baker has been with the Company since June 17, 1996 and became  Chief Financial Officer on February 7, 2002.  Prior to that he was Vice  President and Corporate Secretary.  Mr. Baker is a C.P.A and has both a B.B.A  and a M.B.A.  Immediately prior to joining SI Diamond Technology, Inc., Mr. Baker was a divisional controller for MascoTech,  Inc.  from 1991 to 1996.  Mr. Baker also has experience in public accounting and as CFO of a privately held  company.

                   Jake Schroepfer joined the Company on March 1, 2002 as Chief Executive Officer  of Electronic Billboard Technology, Inc.  Mr. Schroepfer has been with DDB  Worldwide Communications Group, one of the largest advertising agencies in the  U.S., since 1981.  He has been President and CEO of the Dallas office of DDB  Worldwide since 1995.  Mr. Schroepfer has an undergraduate degree from St.  John’s  University.

**Item 2.  *Properties***

                   We lease a 10,000 square foot facility in Austin that is used for our  corporate headquarters and research and development activities under a lease  expiring in June 2004.  The monthly rental is approximately $7,000.   EBT  also leases a 2,000 square foot warehouse/showroom in Austin for approximately  $1,500 per month under a lease expiring in March 2002 and a 1,500 square foot  sales office in Dallas for $2,500 per month on a month-to-month basis.  SBOA  also leases a 10,000 square foot facility in Austin that it uses for its  manufacturing operations under a lease expiring in August 2002.  The monthly  rent on this facility is approximately $5,000.   We also lease offsite  storage space totaling approximately 2,200 square feet on a month-to-month  basis.

Page 9
       
                     We believe that these facilities will be adequate for our anticipated  research, development, and manufacturing activities until additional products  or alternative applications are developed.   If and when such additional  products or alternative applications are developed, we may be required to  establish additional facilities or enter into manufacturing agreements with  others.

                     We do not currently invest in real estate or interests in real estate, real  estate mortgages, or securities of or interests in persons primarily engaged  in real estate activities.  However, the Company has no policy, either for or  against, making such investments.

 

 

 

 

 

 

 

Page 10
       
**Item  3.  *Legal  Proceedings***

                   On May 20, 1996, Semi-Alloys Company, a former customer of Plasmatron, filed a  complaint with the Supreme Court of the State of New York, County of  Westchester.  The complaint named Plasmatron, SI Diamond, and Westchester Fire  Insurance Company as defendants.  Semi-Alloys claimed a breach of contract  related to $1 million of coating equipment that Plasmatron delivered in 1993,  prior to our ownership of Plasmatron.  Semi-Alloys claimed the equipment did  not perform as required under the contract.  Semi-Alloys sought to recover  compensatory, consequential and incidental damages.  The plaintiff sought  damages of approximately $8.0 million.  In January 2000, we agreed to  participate in a settlement agreement between the plaintiff and the other  defendant; notwithstanding our denial of any liability to the plaintiffs.  The  plaintiff agreed to accept a total payment of $1,450,000 in exchange for a  release of all claims.  We agreed to pay a total of $450,000 of this settlement.  A total of $225,000 was due at signing and we signed three notes  payable for the balance of the settlement.  These notes, in the amount of  $25,000, $100,000, and $100,000, were due in three months, nine months, and  eighteen months, respectively.  In exchange for this settlement, and upon  payment of the notes, we received a complete release from further liability  from both the plaintiff and the co-defendant.  All three of these notes were  paid in 2000 and 2001.

                   On April 30, 1998, Universal Bonding Company, managing general agent for  Westchester Fire Insurance Company filed a complaint with the Superior Court  of New Jersey, Atlantic county seeking to recover the $1,000,000 paid as a  result of the Semi-Alloys settlement, plus legal costs.  The Complaint named  Richland Glass Company, Inc., Robert Williams, Joan Williams, Bawa Singh,  Narinder Singh, Gaylord Evey and Doris Evey, all guarantors under the bond, as  defendants.  All defendants were former owners, or associated with former  owners, of Plasmatron.  Defendant Gaylord Evey filed an answer with the court  naming Plasmatron, SI Diamond, Nicholas Rettino, and the Rettino Insurance  agency as third party defendants and asking for indemnification by the third  party defendants.  A separate indemnification claim filed by Richland Glass  against the same third party defendants was consolidated with this case.    This case was settled in January 2001.  As part of the settlement, SI Diamond  Technology, Inc.  agreed to contribute $150,000 as part of an overall  settlement package to which all defendants contributed a total of $800,000.  We  paid the first $50,000 in May 2001.  The balance of $100,000 is in the form of  a note due in quarterly installments through July 2003, as described in  greater detail in Note 9 to the financial statements.

                   On July 20, 1998, TFI Telemark, Inc., a former vendor of Plasmatron, filed a  complaint in the County Court at Law No. 2 of Travis County, Texas against us  for debts of Plasmatron.  We were served with notice of this suit on August 5,  1998.  The plaintiff seeks damages of approximately $25,000.  All amounts  claimed as owing by TFI are recorded as liabilities in the consolidated  financial statements.  We believe that the ultimate resolution of this matter  will not have a material impact on our consolidated financial statements.

                   On November 16, 2000, Lance Adams, the former owner of Sign Builders of  America, Inc.  filed suit against SI Diamond Technology, Inc and Sign Builders  of America, Inc.  in the 20th Judicial District Court in Travis  County, Austin Texas for alleged breech of the purchase agreement in which the  Company purchased SBOA.  Of the initial purchase price of $1,800,000, a total  of $1,350,000 was paid in cash and stock in September 1999.  The remainder of  $450,000 was due in the form of a note due in two installments in March and  September 2000.  The agreement contained provisions that allowed for a downward  adjustment of the sales price if certain sales levels were not achieved and  allowed offsets for other claims against the note.  In February 2000, an  initial purchase price adjustment reduced the note to $250,000 and a payment  $125,000 plus interest was made in March 2000.  In September 2000, the Company  notified Mr. Adams of additional purchase price adjustments and other offsets  which eliminated the remaining balance due on the note.  Mr. Adams disagreed  with these offsets and filed suit for breech of the agreement, alleging  damages of not less than $175,000.  In June 2001, we settled this lawsuit in  exchange for a payment of $75,000 to Mr. Adams made at that time.  The cost of  this settlement was accrued at December 31, 2000.
     
 

 

Page 11
       
                   The  Company previously had a royalty agreement with Texas Digital Systems, Inc.  (TDS) which was terminated by TDS pursuant to the terms of the agreement as of  December 31, 1999.   Under the terms of the agreement, TDS was prohibited  from using the Company’s technology after the termination of the  agreement.  The Company believed that TDS was continuing to ship products using our  technology and contacted TDS.  TDS responded, in part, by filing suit against  the Company and its subsidiary, Electronic Billboard Technology, Inc.  for  breach of contract  in the 272nd Judicial District Court in  Brazos County Texas on July 26, 2000.  The Company was not served with  notice of this suit until December 5, 2000.  It is the Company’s view that  the TDS claim against the Company has little merit and that a significant  reason that TDS filed suit was to obtain venue in its home venue of Brazos  County rather than in the Company’s home county of Travis County.  TDS has  alleged unspecified damages in excess of $500,000.  The Company intends to  vigorously pursue its claim against TDS and seek damages and an injunction  against TDS for continuing to use the Company’s technology in TDS products  after the termination of the agreement.  The case is currently scheduled for  trial in June 2002.

                   The Company and its subsidiaries are also defendants in various other lawsuits  related to the non-payment of invoices when due, or minor employment matters.  It is expected that all such lawsuits will be settled for an amount no greater  than the liability recorded in the financial statements for such matters.    If  resolution of any of these suits results in a  liability greater than that recorded, it could have a material financial  impact on us.

**Item 4.  *Submission of Matters  to a Vote of Security Holders***

                  There were no matters submitted to a vote of security holders during the  fourth quarter of 2001.
     
 

 

 

 

 

Page 12
       
**PART II**

**Item 5.  *Market for Registrant's  Common Stock and Related Stockholder Matters***

                     Our common stock, $0.001 par value trades via the OTC Bulletin Board system  under the symbol “SIDT”.  The following table sets forth, on a per share  basis for the periods indicated, the high and low sale prices for the common  stock as reported by the OTC Bulletin Board system.  These quotations reflect  inter-dealer prices, without retail mark-up, mark-down or commission and may  not represent actual transactions.
  **High****Low**
**2000**

  First  Quarter

  $4.28

  $1.67

 

Second  Quarter

  $3.00

$1.03

 

  Third  Quarter

  $1.80

  $0.94

 

  Fourth  Quarter

  $1.09

  $0.22
 
**2001**

  First  Quarter

  $1.23

  $0.39

 

  Second  Quarter

  $1.65

  $0.76

 

  Third  Quarter

  $1.23

  $0.74

 

  Fourth  Quarter

  $1.01

  $0.45
 
**2002**

  First Quarter (through March 7, 2002)

  $0.86

  $0.56

                   On March 7, 2002, the closing sale price for our common stock as reported on  the OTC Bulletin Board system was $0.81.   As of March 7, 2002, there were  approximately 325 shareholders of record for our common stock.

                   We have never paid cash dividends on our common stock, nor do we have any  plans to pay dividends.  Our board of directors currently intends to invest  future earnings, if any, to finance expansion of our business.  Any payment of  cash dividends in the future will be dependent upon our earnings, financial  condition, capital requirements, and other factors deemed relevant by our  board of directors.  It is unlikely that any dividends on the common stock will  be paid in the foreseeable future.  Our convertible preferred stock has a  liquidation preference of $1,230,122 as of December 31, 2001.

                   Information required in this Item 5 of our Annual Report on Form 10-KSB  concerning information as to all equity securities issued by us during the  last three fiscal years that were not registered under the Securities Act of  1933 is presented below.  Additional information is contained in “Item 6.  Management’s Discussion and Analysis of Financial Condition and Results of  Operations - Financial Condition,” or in Note 11 to the Notes to the  Consolidated Financial Statements contained in this Annual Report on Form  10-KSB

Minority Interest in Subsidiary

                   In February 2000, the Company issued 200,000 shares of its common stock to  Nomura Holding Company to acquire the shares of stock in the Company’s  NANOTECH subsidiary held by Nomura Holding Company.  These shares were included  on a registration statement filed in June 2000.

1999 Notes and Private Placements

                   In January and February 1999, we  borrowed a total of $200,000 from a shareholder, the Pinnacle Fund, L.P., for  working capital purposes.  These short-term loans bear interest at a rate of  15%, are secured by all assets of the Company, and are convertible into our  common stock at rates ranging from $0.30 to $0.40 per share.  These conversion  rates approximated the market price of our common stock at the times the loans  were arranged.  These notes were converted into 590,697 shares of Company’s  common stock in February 1999.  The Company also issued a total of 200,000  shares, 100,000 each to Bill Clement and Michael Denton, Jr., of its common  stock, in an exempt offering under Regulation D of the Securities act of 1933,  for a total of $110,000 in February 1999.

Page 13
       
1998 Notes and Private Placements

                   During 1998, we issued a total of $1,005,000 of notes payable to investors  that were convertible into shares of our common stock at the option of the  lender, primarily at a rate of $0.25 per share, which approximated the market  price at the time the loans were made.  A total of $200,000 of these notes were  converted into shares of our common stock in 1998 and the remaining $805,000  were converted into 3,449,578 shares of our common stock in February 1999.  Following is a listing of the shares issued:

 

 

 

Common shares

Noteholder

 

 

issued

 

 

 

 

D.  Craig Valassis

 

 

                     442,904

John Green Company

 

 

                     433,863

Dan Cafolla Associates

 

 

                     185,140

Dan Cafolla PS Plan

 

 

                     105,301

Gilbert Kitt

 

 

                     210,000

Nick Martin

 

 

                     207,808

N.  Martin Company

 

 

                     207,808

MSB Family Trust

 

 

                     830,904

Tom Hickey

 

 

                     414,795

Barney Caccioppo

 

 

                     103,534

Bill Clement

 

 

                     102,507

Michael Denton, Jr.

 

 

                     205,014

2000 Private Placements

                   During 2000, in a series of private placements under  Regulation D of the Securities Act of 1933, we issued a total of 3,992,242  shares of our common stock in exchange for $3,455,000.  The shares were issued  at a slight discount to the market price of our common stock at the time of  issuance.  The Company filed registration statements in June and November 2000  to register these shares and to update the registration of other previously  registered shares.  Following is a listing of those shares:

 

 

 

Common shares

Shareholder

 

 

issued

 

 

MSB Family Trust

 

 

                             700,000

Pinnacle Fund

 

 

                             250,000

Michael Denton Jr.

 

 

                             250,000

Zachary Q.  Carlile

 

 

                             100,000

Robert Berman

 

 

                             200,000

Bill Clement

 

 

                             250,000

Pacific Northern

 

 

                             250,000

Alpine Capital

 

 

                             312,500

Carlton Neel

 

 

                             150,000

Street Search Advisors

 

 

                             250,000

D.  Craig Valassis

 

 

                             434,028

First London Securities

 

 

                             845,714

Page 14
       
2001 Private Placements

                   During 2001, in a series of private placements of the Company’s common stock  in exempt offerings under Regulation D of the Securities act of 1933, the  Company issued 5,713,821 shares of its common stock and received proceeds of  $3,441,604.  These shares were issued at prices which represented a slight  discount to the market price of the stock at the time of the offerings.  A  registration statement covering these shares was declared effective August 24,  2001.  Following is a listing of those shares:

 

 

 

Common shares

Shareholder

 

 

issued

 

 

 

 

First London Securities, Inc.

 

 

                        991,087

Atlas Capital Master Fund

 

 

                        622,711

Calvin Nickal

 

 

                        509,289

Dan Gilbert

 

 

                        438,597

Waveland Capital

 

 

                        347,222

George Fetterman

 

 

                        346,000

Carlton Neel

 

 

                        285,714

Pinnacle Fund

 

 

                        263,158

Westpark Capital

 

 

                        246,914

Patrick Dolan

 

 

                        212,766

Charlie Bankhead

 

 

                        175,439

Lakeshore Harbor Fund

 

 

                        125,000

Southwell Partners

 

 

                        123,457

Joel Shepherd

 

 

                        105,264

Ronald Pederson

 

 

                        105,264

William Joplin

 

 

                        105,264

T.  McCullough Strother

 

 

                          87,720

Robin Eisenberg

 

 

                          87,719

Mark Wagner

 

 

                          55,556

Charles Simpson

 

 

                          52,632

Elizabeth Bankhead Trust

 

 

                          52,632

Grace K.  Bankhead

 

 

                          52,632

Internet Venture

 

 

                          52,632

Fred Mueller

 

 

                          50,000

Jack Liston

 

 

                          43,860

James V.  Carroll

 

 

                          43,860

Donald Miller

 

 

                          21,277

Miles King

 

 

                          21,277

Dario Duany Jr.

 

 

                          21,053

Kevin Urrutia

 

 

                          21,053

William Frisco

 

 

                          20,000

Stuart Tiplitsky

 

 

                          18,000

Gordon Snyder

 

 

                            8,772

Page 15
       
***Item 6.      Management’s  Discussion and Analysis of Financial Condition and Results of Operations***

                     The following discussion should assist in understanding our financial  condition and results of operations for the years ended December 31, 2001 and  2000 and our liquidity and capital resources for 2002.  The Notes to our  Consolidated Financial Statements included later in this report contain  detailed information that should also be read  in conjunction with this  discussion.

**OUTLOOK**

                      We expect our cash needs for 2002 to be approximately $4.8 million.  We intend  to fund those needs through a combination of SBOA sales, reimbursements for  research, license agreements, and issuance of debt and equity securities.    Successful introduction of our electronic display products  resulting in significant customer orders would cause our cash needs to exceed  that, however, such customer orders would also result in increased  availability of funding.

                     We anticipate that losses will continue in 2002 as we continue to fund the  development of our carbon nanotube field emission technology and continue  installations of our electronic display products.  There can be no assurance  that we will be profitable in the future.   Full commercial development of  our technology and electronic billboard and related electronic display will  require additional funds that may not be available at terms acceptable to  us.  

                     We expect to continue our concentrated research and development of NANOTECH’s  technology in 2002.  EBT has tested its display products at several retail  chains through 2000 and 2001 and expects to move from the development phase  and begin to generate significant revenues in 2002.   In January 2002, EBT  received an order from McDonald’s to install its display products at  approximately 80 McDonald’s restaurants in Hawaii.  Installation of the  displays will occur when certain minimum levels of advertising have been pre  sold and is expected to start in the summer of 2002.  The expected cost of the  equipment to be installed is approximately $800,000, however as a result of  the presale of advertising, we will require less capital than that and expect  to be able to obtain financing if needed.  We expect to recover the cost of the  equipment through advertising revenues within 12 months of installation.

                     We have developed a plan to allow ourselves to maintain operations until we  are able to sustain ourselves on our own revenue.  Our plan is primarily  dependent on raising funds through the licensing of our technology and through  additional debt and equity offerings.  We are also concentrating on raising  revenue by seeking customers for our electronic display products.  However, our  current cash is only sufficient to allow us to maintain operations for  approximately 4 to 6 weeks.  We believe that we have the ability to continue to  raise short term funding, as needed, to enable us to continue operations until  our plan can be completed.

                    This plan is based on current development plans, current operating plans, the  current regulatory environment, historical experience in the development of  electronic products and general economic conditions.  Changes could occur which  would cause certain assumptions on which this plan is based to be no longer  valid.  Our plan is primarily dependent on increasing revenues and  raising  funds through additional debt and equity offerings.  Although we  do not expect funding our operations to be a problem, if adequate funds are  not available from operations, or additional sources of financing, we may have  to eliminate, or reduce substantially, expenditures for research and  development, testing of our products, or obtain funds through arrangements  with other entities that may require us to relinquish rights to certain of its  technologies or products.  Such results would materially and adversely affect  us.

Page 16
       
**RESULTS OF  OPERATIONS**

                   2001 Compared to 2000.  The Company had $3,084,196 in revenues during  2001, as compared with $2,724,830 during 2000.  Commercial (non-governmental)  sales accounted for $2,617,516 of the 2001 revenue and $2,372,489 of the 2000  revenue.   Our 2001 commercial revenue included $1,982,245 from SBOA,  $625,271 from NANOTECH, and $10,000 from EBT.  The 2000 commercial revenue came  from SBOA, EBT, and NANOTECH in the amounts of $2,257,013, $112,844, and  $2,632, respectively.  The NANOTECH revenues in both years were primarily the  result of reimbursed research expenditures.  The 2000 EBT revenue included  $25,500 of royalty payments from TDS and the remainder was from the sale of  advertising and miscellaneous display products.  The 2001 EBT revenue was the  result of payments by customers for test products.  We recognized revenue from  government-funded projects of  $352,341 in 2000 and 466,680 in 2001.  We  may seek additional research grants in the future if such grants are directly  related to projects that we are already working on in conjunction with our  strategic objectives.

                   We expect to generate minimum revenues in 2002 of $800,000 at NANOTECH,  $2,000,000 at SBOA, and $120,000 at EBT, however revenues could increase  substantially above these minimum levels as a result of royalty agreements,  additional research revenues, or customer roll outs at EBT.  We had a revenue  backlog of $861,757 at December 31, 2001 as compared with a revenue backlog of  $1,186,858 at December 31, 2000.  The 2001 backlog was composed of $582,301  from our SBOA subsidiary and $279,456 in government grants.  The 2000 backlog  was composed of $604,525 from SBOA and $582,333 from a NASA grant.

                   In 2001, our cost of sales was $2,277,629, or a margin of 26%.  For 2000,  our cost of sales was $1,949,042, or a margin of 28%.   Decreased margins  at SBOA caused the overall decrease in margins.  SBOA margins decreased as a  result of the decrease in revenues at SBOA without a corresponding decrease in  fixed costs.  We expect future margins to improve from 2001 levels as we begin  to receive advertising revenues from the installation of our display products  at customer locations.  We expect margins at SBOA, our main segment, to remain  constant, unless the volume of customer orders increases during 2002.

                   Our selling, general and administrative expenses decreased to $3,286,352 in  2001 from $3,881,141 in 2000, a decrease of approximately $600,000.  Expenses  were higher in 2000 because of a $675,000 marketing expense related to the  agreement signed with Eckerd Corporation in 2000.  We expect selling, general  and administrative expense in 2002 to increase from the 2001 level by  approximately $500,000 as we focus on the introduction of products at EBT.

                   Company sponsored research and development expenses decreased to $2,368,744 in  2001 from $2,620,623 in 2000, primarily because of increased outside funding  of research at NANOTECH.  Research and development expense at EBT was virtually  unchanged at $1,756,329 in 2001 and $1,732,690 in 2000.  All of EBT’s  research and development was focused on its electronic display products.  Research and Development expense at NANOTECH decreased from $887,933 in 2000  to $612,415 in 2001.   We expect to incur substantial expenses in support  of additional research and development activities related to the commercial  development of our carbon nanotube field emission and electronic display  technologies, however we expect research and development expenditures to be  substantially reduced from 2001 levels for two reasons.  First, we expect the  external funding of research at NANOTECH to continue to grow.  Second, EBT’s  display products are market ready and will require much lower levels of  ongoing research and development expenditures, but higher levels of selling  expense.  We may apply for other government grants, but only if those grants  are specifically related to activities we are already pursuing to accomplish  our own strategic objectives.  We spent $2,368,744 on unreimbursed research and  development in 2001, but expect to spend only approximately $1,500,000 in 2002  on unreimbursed research and development.

                   The largest single component of cost that we incur is payroll related expense.  In 2001, we incurred approximately $3.1 million of payroll related expense  spread throughout cost of sales, selling, general and administrative expense,  and research and development.  As a result of expansion plans related to  customer needs and business growth, we expect payroll related expense to  approximate $3.8 million in 2002.

Page 17
       
                      As discussed in greater detail in Note 5 to the financial statements, our  operating results for 2000 included $1,838,261 in FAS 121 impairment charges.  We did not have any impairment charges in 2001 and do not expect to have any  impairment charges in the future.  The entire gain on disposal of assets of  $375,000 in 2000 resulted from the sale of our previous domain name,  diamond.com.   The gain in 2001 resulted from minor equipment disposals.  We incurred net realized and unrealized losses on marketable securities in  2000 of $449,504 as compared with $21,642 in 2001 as a result of a  significantly decreased level of investment activity in 2001.  Interest expense  increased substantially in 2001 because we financed a greater percentage of  our operations with debt than in prior years.

A summary of our  contractual cash obligations at December 31, 2001 is as follows:

 

**Payments due        by period**

**Contractual        Obligations**

**Total**

**2002**

**2003**

**2004**

**2005**

**2006**

Notes payable        including interest

$1,728,121     

$1,728,121      

$                         0     

$                        0     

$                        0     

$              0    

Long-term debt        including interest

114,849     

63,168      

49,221     

2,460     

0     

0    

Operating leases

339,389     

207,714      

102,615     

29,060     

0     

0    

Capital leases        including interest

124,940     

29,220      

29,220     

29,220     

29,220     

8,060    

**Total        contractual cash obligations**

$2,307,299     

$2,028,223      

$181,056     

$60,740     

$29,220     

$8,060    

                     The notes payable and related interest are convertible into our common stock  at the option of the note holders.  We expect the majority, if not all of these  notes, to be converted into shares of our common stock and not require cash for  payment.  We believe that we have ability to raise funds to meet our cash  requirements for fiscal 2002 regardless of whether the notes are converted or  not.

Critical Accounting  Policies

                   Our significant  accounting policies are summarized in the footnotes to our financial  statements.  Some of the most critical policies are also discussed below.

                   As a matter of policy,  we review our major assets for impairment.  Our major operating assets are  accounts receivable, inventory, and property and equipment.  We depreciate our  property and equipment over their estimated useful lives.  We recorded  impairment charges in 2000, but did not identify any impaired items in 2001.  We have not experienced significant bad debts expense and our reserve for  doubtful accounts of approximately $47,000  should be adequate for any  exposure to loss in our December 31, 2001 accounts  receivable.  

**LIQUIDITY AND CAPITAL RESOURCES**

                   Our cash position increased from $8,818 at December 31, 2000 to $261,861 at  December 31, 2001.  Net cash used in operating activities was $4,280,755 in  2001, as compared with $5,205,723 in 2000.  The cash used in operations was  primarily the result of the net losses incurred in each year.  Our operating  results in 2000 included non cash charges of $1,838,261 related to impairment  charges, $679,646 related to warrants and stock issued for services, and  $544,794 related to depreciation while our 2001 operations results included  non cash depreciation and amortization charges of $821,591.

                   Cash provided by investing activities was $233,192 in 2000 as compared with  cash used in investing activities of  $305,270 in 2001.  The cash used in  investing activities in 2001 was primarily related to the acquisition of  capital assets.  The cash provided by investing activities in 2000 was the  result of the sale of the majority of our marketable securities portfolio and  proceeds received from the sale of the entity that had purchased our previous  domain name.  No material commitments exist as of December 31, 2001 for future  purchases of capital assets.

                   In  2001 and 2000, we had cash provided by financing activities of  $4,839,068 and $4,632,517, respectively.  These funds were primarily the result  of the sale of equity securities and the issuance of debt and were primarily  used to fund our operating losses.

Page 18
       
                   As of December 31, 2001, our current liabilities exceeded our current assets  by $1,522,582, with a current ratio of 0.4 to 1, compared to a working capital  deficit of $899,494 and a current ratio of 0.4 to 1 as of December 31, 2000.  Current liabilities increased by $1,087,228 from 2000 to  2001.  The primary  reason for this increase is the issuance of debt to fund our operations.  We  expect the majority of this debt, which is convertible into common stock to be  converted into equity when due in 2002, rather than paid in cash.

                   Based on the developmental stages of our technology, additional financing will  be necessary in the future.  If all of the our warrants that were outstanding  as of December 31, 2001 were exercised, we would collect proceeds of  approximately $400,000.  (See Note 13 to the Consolidated Financial  Statements.) Proceeds from the exercise of warrants totaled approximately  $34,500 in 2001 and $375,000 in 2000.  Given that the current price of our  common stock is below the exercise price of our outstanding warrants and that  a significant number of these warrants expire in 2002, it is unlikely that a  significant portion of the outstanding warrants will be exercised in the near  future.  We may also receive proceeds from the exercise of stock options.  At  the present time, it is also unlikely that significant amounts of options will  be exercised, since for current in-the-money options, the current market price  of our common stock does not exceed the exercise price of those options by a  significant amount.

                   The principal source of  our liquidity has been funds received from exempt offerings of common and  preferred stock.  We may receive additional funds from the exercise of  warrants, although there is no assurance that such warrants will be exercised.  In the event that we need additional funds, we may seek to sell additional  debt or equity securities.  We may seek to increase our liquidity through bank  borrowings or other financings.  While we expect to be able to obtain any funds  needed for operations, there can be no assurance that any of these financing  alternatives can be arranged on commercially acceptable terms.  We believe that  our success in reaching profitability will be dependent upon the viability of  our products and their acceptance in the marketplace, and our ability to  obtain additional debt or equity financings in the future.  Our independent  auditors, Sprouse & Anderson, L.L.P., expressed uncertainty as to the  ability of the Company to continue as a going concern based on accumulated  past losses from operations.  See “Independent Auditor’s Report.”

                   Following is a summary of debt and equity proceeds that the Company has  received from January 1, 2000 through the date of this filing:

2000 Private Placements

                   During 2000, in a series of private placements under  Regulation D of the Securities Act of 1933, we issued a total of 3,992,242  shares of our common stock in exchange for $3,455,000.  The shares were issued  at a slight discount to the market price of our common stock at the time of  issuance.  The Company filed registration statements in June and November 2000  to register these shares and to update the registration of other previously  registered shares.

2000 Notes

                   In June 2000, we borrowed a total of $375,000 from two separate entities.  We  repaid $125,000 in January 2001.  The remaining $250,000 is due in June 2001  and is convertible into our common stock at the option of the lender at a rate  of $0.675 per share.  The shares into which this note is convertible were  registered on a registration statement declared effective July 17, 2000 and  amended August 24, 2001.

2001 Private Placements

                   During 2001, in a series of private placements of our common stock in exempt  offerings under Regulation D of the Securities act of 1933, we issued  5,713,821 shares of our common stock and received proceeds of $3,441,604.  These shares were issued at prices that represented a slight discount to the  market price of the stock at the time of the offerings.   A registration  statement covering these shares was declared effective August 24, 2001.

2001 Notes

                   During 2001, we issued notes, totaling $1,300,000 that are convertible into  our common stock when due in 2002.  It is expected that the majority of these  notes will be converted under the terms described in Note 9 to the  consolidated financial statements.  The shares into which these notes are  convertible have not yet been registered.

Page 19
       
Common Stock for Services

                   As a result of a marketing agreement  and related consulting and advisory agreement with Vision Mark, LLC and  C&A Consulting Services, LLC., the Company issued 300,000 shares of its  common stock in January 2000 to C&A in connection with an agreement to  provide an electronic billboard to Eckerd Corporation, a subsidiary of  JCPenney, Inc.  The shares were valued at $675,000 based upon the market price  of the common stock at the time of issuance.  A registration statement covering  these shares was declared effective June 23, 1999 and amended on several  occasions since that date.

Patent Acquisition

                   In June 2000, the Company acquired a patent valued at $250,000.  In exchange  for this patent, the Company issued 240,164 shares of its common stock.  A  registration statement covering these shares was declared effective July 17,  2000.  We may acquire additional patents in the future, but at the present time  we have no plans to do so.

**SEASONALITY AND  INFLATION**

                   SI Diamond's business is not seasonal in nature.  Management believes that SI  Diamond's operations have not been affected by inflation.

**Accounting  Pronouncements**

                   In July 2001 the FASB issued SFAS 141, Business Combinations, and SFAS 142  Goodwill and Other Intangible Assets.  These pronouncements provide that all  business combinations initiated after June 30, 2001 be accounted for using the  purchase method and that goodwill be reviewed for impairment rather than  amortized, beginning on January 1, 2002.  The Company does not believe that the  adoption of these pronouncements will have a material effect on its financial  statements.  Any business combination transactions in the future would be  accounted for under this new guidance.

                   In September 2001, the FASB issued Statement 143, Asset Retirement Obligations.  This Statement addresses financial accounting and reporting for  obligation associated with the retirement of tangible long-lived assets and  the associated asset retirement costs.  The Statement will be effective for the  Company's fiscal year ending December 2003.   The Company does not believe  that the adoption of this pronouncement will have a material effect on its  financial statements.

                   In August 2001, the FASB issued Statement 144,  Accounting for Impairment or Disposal of Long-Lived Assets.  This Statement  addresses financial accounting and reporting for the impairment or disposal of  long-lived assets.  The Statement will be effective for the Company's fiscal  year ending December 2002.   The Company does not believe that the  adoption of this pronouncement will have a material effect on its financial  statements.

Page 20
       
**Item 7.    *Financial Statements***

**INDEX TO  CONSOLIDATED FINANCIAL STATEMENTS  OF SI DIAMOND  TECHNOLOGY, INC.**

**CONSOLIDATED FINANCIAL STATEMENTS:**

Independent Auditor’s  Report

  22

Consolidated Balance Sheets -  December 31, 2001 and 2000

 24

Consolidated Statements of Operations  - Years Ended December 31, 2001 and 2000

 25

Consolidated Statements of  Shareholders' Equity (Deficit) - Years Ended December 31,          2001 and 2000

 26

Consolidated Statements of Cash Flows  - Years Ended December 31, 2001 and 2000

 28

Notes to Consolidated Financial        Statements

 29
   
Page 21
       
**INDEPENDENT AUDITOR’S  REPORT**

To the Board of Directors and  Shareholders  SI Diamond Technology, Inc.  Austin, Texas

We have audited the accompanying  consolidated balance sheet of SI Diamond Technology, Inc.  and Subsidiaries  (collectively, the “Company”) as of December 31, 2001 and the related  consolidated statements of operations, stockholders’ equity  <deficit> and cash flows  for the year then ended.   These consolidated financial statements are the  responsibility of the Company's management.   Our responsibility is to  express an opinion on these financial statements based on our audit.

We conducted our audit  in accordance with U.S.  generally accepted auditing standards.   Those  standards require that we plan and perform the audit to obtain reasonable  assurance about whether the financial statements are free of material  misstatement.   An audit includes examining, on a test basis, evidence  supporting the amounts and disclosures in the financial statements.   An  audit also includes assessing the accounting principles used and significant  estimates made by management, as well as evaluating the overall financial  statement presentation.   We believe that our audit provides a reasonable  basis for our opinion.

In our opinion, the  consolidated financial statements referred to above present fairly, in all  material respects, the financial position of SI Diamond Technology, Inc.  and  Subsidiaries as of December 31, 2001, and the results of its operations and  its cash flows for the year then ended in conformity with U.S.  generally  accepted accounting principles.

The accompanying consolidated  financial statements have been prepared assuming that the Company will  continue as a going concern.   As discussed in Note 1 to the consolidated  financial statements, the Company has suffered recurring losses from  operations and has a working capital deficiency.  The Company has relied  primarily on capital raised through offerings of common stock, preferred  stock, and convertible debt securities to fund its operations.   It is  uncertain whether the Company will be able to secure additional capital to  fund its operations and this raises substantial doubt about the Company's  ability to continue as a going concern.   The consolidated financial  statements do not include any adjustments that might result from the outcome  of this uncertainty.

Sprouse & Anderson, L.L.P.  Austin, Texas  February 18, 2002

Page 22
       
**INDEPENDENT AUDITOR’S  REPORT**

To the Board of Directors and  Shareholders  SI Diamond Technology, Inc.  Austin, Texas

We have audited the accompanying  consolidated balance sheet of SI Diamond Technology, Inc.  and Subsidiaries  (collectively, the “Company”) as of December 31, 2000 and the related  consolidated statements of operations, stockholders’ equity and cash flows  for the year then ended.   These consolidated financial statements are the  responsibility of the Company's management.   Our responsibility is to  express an opinion on these financial statements based on our audit.

We conducted our audit  in accordance with auditing standards generally accepted in the United States  of America.   Those standards require that we plan and perform the audit  to obtain reasonable assurance about whether the financial statements are free  of material misstatement.   An audit includes examining, on a test basis,  evidence supporting the amounts and disclosures in the financial statements.    An audit also includes assessing the accounting principles  used and significant estimates made by management, as well as evaluating the  overall financial statement presentation.   We believe that our audit  provides a reasonable basis for our opinion.

In our opinion, the  consolidated financial statements referred to above present fairly, in all  material respects, the financial position of SI Diamond Technology, Inc.  and  Subsidiaries as of December 31, 2000, and the results of its operations and  its cash flows for the year then ended in conformity with accounting  principles generally accepted in the United States of America.

The accompanying consolidated  financial statements have been prepared assuming that the Company will  continue as a going concern.   As discussed in Note 1 to the December 31,  2000 consolidated financial statements, the Company has suffered recurring  losses from operations and the Company has relied primarily on capital raised  through offerings of common stock, preferred stock, and convertible debt  securities to fund its operations.   It is uncertain whether the Company  will be able to secure additional capital to fund its operations and this  raises substantial doubt about the Company's ability to continue as a going  concern.   The December 31, 2000 consolidated financial statements do not  include any adjustments that might result from the outcome of this  uncertainty.

McGladrey & Pullen, L.L.P.  Dallas, Texas  March 14, 2001
   
Page 23
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES  CONSOLIDATED   BALANCE  SHEETS**

**ASSETS**
**December          31,**
**2001**
**2000** Current assets:
         Cash and cash equivalents
  $
261,861 
 $
 8,818          Marketable equity  securities
23,850 
 70,313          Accounts receivable, trade – net of allowance for doubtful accounts                               of $47,581 and $30,566 in 2001 and 2000, respectively
          528,147 
 353,154                 Inventories
232,389 
 153,244          Prepaid expenses and other current  assets
94,189 
 90,767                      Total current assets
1,140,436 
 676,296  Officer  receivable
62,500 
– Property and equipment, net 
557,431 
 766,581 Intangible assets,  net
  70,000 
 190,000 Other          assets
8,688 
8,688                     Total assets 
$
  1,839,055 
$
 1,641,565  
**LIABILITIES          AND SHAREHOLDERS' EQUITY (DEFICIT)**Current liabilities:        Accounts  payable  
$
705,458 
$
 467,414         Notes  payable
1,398,302 
 375,000         Current portion of long-term  debt 
  64,431 
 121,623          Obligations under capital  lease  
  19,987 
–          Accrued  liabilities 
263,050 
 441,958          Customer deposits and other current  liabilities
 211,790 
 169,795                    Total current liabilities
  2,663,018 
 1,575,790 Note payable,  long-term
39,832 

– Obligations under capital lease,  long-term
81,819 
– Commitments and          contingencies
–
–                     Total  liabilities
2,784,669 
 1,575,790  Shareholders' equity (deficit):
         Convertible preferred stock, $1.00 par value, 2,000,000 shares authorized;                 850 shares issued and outstanding

          850 
          850 
         Common stock, 120,000,000 shares authorized, $.001 par value,                66,899,584 and 60,518,983 shares issued and outstanding, respectively

          66,900 
 60,519          Additional paid-in capital 
65,324,967 
61,272,028         Less stock subscriptions  receivable
– 
  (10,850)        Accumulated deficit 
  (66,338,331)
 (61,256,772)                     Total shareholders' equity  (deficit)
  (945,614)
65,775                              Total liabilities and shareholders' equity (deficit)
$
  1,839,055 
$
 1,641,565
See notes to  consolidated financial statements.

Page 24
       
**SI DIAMOND TECHNOLOGY, INC.  AND SUBSIDIARIES**

**CONSOLIDATED  STATEMENTS OF  OPERATIONS**

**Year  ended December 31,**
**2001**
**2000**
Revenues

 

 

 

 

     Sign construction

$

1,982,245 

$

2,257,013 

     Government contracts

 

466,680 

 

352,341 

     Contract research

 

600,000 

 

– 

     Other

 

35,271 

 

115,476 

                                     Total Revenues

 

3,084,196 

 

2,724,830 

 

 

 

 

 

Cost of sales

 

2,277,629 

 

1,949,042 

Selling, general and administrative expenses

 

3,286,352 

 

3,881,141 

Research and development

 

2,368,744 

 

2,620,623 

Impairment charge

 

– 

 

1,838,261 

Operating costs and expenses

 

7,932,725 

 

10,289,067 

Income (loss) from operations

 

(4,848,529)

 

(7,564,237)

 

 

 

 

 

Other income (expense):

 

 

 

 

Gain (loss) on disposal of assets

 

(9,000)

 

375,000 

Net realized and unrealized gains (losses) on marketable securities

 

(21,642)

 

(449,504)

Interest expense

 

(210,937)

 

(68,196)

Other income

 

8,549 

 

13,376 

 

 

 

 

 

Income (loss) before minority interest in subsidiary earnings

 

(5,081,559)

 

(7,693,561)

 

 

 

 

 

Minority interest in subsidiary earnings

 

– 

 

22,547 

 

 

 

 

 

Income (loss) before taxes

 

(5,081,559)

 

(7,671,014)

 

 

 

 

 

Provision for taxes

 

– 

 

– 

 

 

 

 

 

Net income (loss)

 

(5,081,559)

 

(7,671,014)

 

 

 

 

 

Accretion on convertible preferred stock

 

(85,000)

 

(90,328)

 

 

 

 

 

Net income (loss) applicable to common shareholders

$

(5,166,559)

$

(7,761,342)

 

 

 

 

 

Earnings (loss) per share

 

 

 

 

 

 

 

 

 

Basic

$

(0.08)

$

(0.14)

Diluted

$

(0.08)

$

(0.14)

 

 

 

 

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

 

 

Basic

 

64,716,156 

 

57,379,240 
                   
Diluted

 

64,716,156 

 

57,379,240 

See notes to  consolidated financial statements.

Page 25
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**CONSOLIDATED  STATEMENTS OF  SHAREHOLDERS' EQUITY (DEFICIT)**

**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              **

**Preferred**
**Common**
**Additional****Accumulated****Stock**
**Shares**
**Amount**
**Shares**
**Amount**
**Paid-In        Capital****Deficit****Subscription****Total**Balance, January 1,        2001850$85060,518,983$60,519
$61,272,028$(61,256,772)$(10,850)$65,775Warrants exercised–  –36,5003734,463– – 34,500Issuance of common        stock             as a result of the exercise             of employee stock options– –630,280 630311,007– 10,850 322,487Issuance of common        shares             for cash– –5,713,821 5,7143,435,890– – 3,441,604Repricing of options        for             Non-employees– –––5,000– – 5,000Conversion value of        debt             issued– –––266,579– – 266,579Net (loss)– ––––-(5,081,559)– (5,081,559)Balance, December        31, 2001850$85066,899,584$66,90065,324,967$(66,338,331)– $(945,614)
See notes to  consolidated financial statements.

Page 26
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**CONSOLIDATED  STATEMENTS OF SHAREHOLDERS' EQUITY (DEFICIT) (CONTINUED)**

**Preferred**
**Common**

**Shares**
**Amount**
**Shares**
**Amount**
**Additional        Paid-In        Capital****Accumulated        Deficit****Stock        Subscription****Total**Balance, January 1,        20001,100$1,100 53,906,719$53,906
$55,410,993 $(53,585,758)$–  $1,880,241 Warrants exercised– – 
375,000375374,625 – – 375,000 Issuance        of common stock             as a result of the exercise             of employee stock options–– 1,125,1771,125474,147 – – 475,272 Conversion        of Series G             preferred stock into common              stock        (250)        (250)317,397317(67)– – – Issuance of common        shares for cash– – 3,992,2423,9933,451,007 – – 3,455,000 Issuance        of common stock             shares in payment of short             term notes and interest– – 62,28463132,417 – – 132,480 Issuance        of common stock             warrants for services– – ––4,646 – – 4,646 Issuance        of common stock             for patent acquisition  – – 240,164240249,760 – – 250,000 Issuance        of common stock             for services– – 300,000300674,700 – – 675,000 Issuance        of common shares            for minority interest in subsidiary– – 200,000200499,800 – – 500,000 Stock subscription– – ––– – (10,850)(10,850)Net (loss)– – ––– (7,671,014)– (7,671,014)Balance, December        31, 2000850 $850 60,518,983$60,51961,272,028 $(61,256,772)$(10,850)$65,775 
See notes to  consolidated financial statements.

Page 27
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES  CONSOLIDATED  STATEMENTS OF  CASH FLOWS**

 

 

**Year Ended          December 31,**

 

 

**2001**

** **

**2000**

Cash flows from operating          activities:

 

 

 

 

 

Net income (loss)

$

(5,081,559)

$

(7,671,014)

Adjustments to reconcile net          income (loss) to net

 

 

 

 

 

       cash          provided by (used in) operating activities:

 

 

 

 

 

Interest paid in common stock

 

– 

 

7,480 

 

Minority interest in          subsidiary earnings

 

– 

 

(22,547)

 

Warrants and stock issued for          debt and services

 

– 

 

679,646 

 

Depreciation and amortization          expense

 

706,710 

 

544,794 

 

Amortization of discount on          debt

 

114,881 

 

– 

 

(Gain) loss on disposal of          assets

 

9,000 

 

(375,000)

 

Non-cash compensation expense

 

– 

 

23,560

 

Repricing of non-employee          options

 

5,000 

 

– 

 

Impairment charge

 

– 

 

1,838,261 

 

Net realized and unrealized          losses on marketable securities

21,642 

 

449,504 

 

Changes in assets and          liabilities:

 

 

 

 

 

       Accounts          receivable, trade

 

(174,993)

 

(38,636)

 

       Notes          receivable

 

– 

 

60,000 

 

       Inventories

 

(79,145)

 

14,531 

 

       Prepaid          expenses and other assets

 

(3,422)

 

(38,455)

 

       Accounts          payable

 

238,044 

 

(283,811)

 

       Accrued          expenses

 

(78,908)

 

(306,884)

 

       Customer          deposits and other current liabilities

 

41,995 

 

(87,152)

 

 

 

 

 

 

 

            Total          adjustments

 

800,804

 

2,465,291
 

 

 

 

 

 

 

     Net          cash provided by (used in) operating activities

 

(4,280,755)

 

(5,205,723)

 

 

 

 

 

 

Cash flows from investing          activities:

 

 

 

 

 

Decrease (increase) in          deposits

 

–

 

(1,438)

 

Increase in officer          receivable

 

(62,500)

 

–

 

Purchase of marketable          securities

 

(37,487)

 

(1,966,453)

 

Sale of marketable securities

 

62,308

 

2,166,012 

 

Capital expenditures

 

(282,591)

 

(339,929)

 

Proceeds from sale of assets

 

15,000

 

375,000 

 

 

 

 

 

 

 

     Net          cash provided by (used in) investing activities

 

(305,270)

 

233,192 

 

 

 

 

 

 

Cash flows from financing          activities:

 

 

 

 

 

Proceeds from short-term          notes payable

 

1,300,000

 

375,000 

 

Repayment of short-term notes          payable 

 

(125,000)

 

– 

 

Proceeds from issuance of          common stock

 

3,798,591

 

4,294,422 

 

Repayment of long-term notes          payable and capital lease obligations

(134,523)

 

(36,905)

 

 

 

 

 

 

Net cash provided by          financing activities

 

4,839,068

 

4,632,517 

 

 

 

 

 

 

Net increase (decrease) in          cash and cash equivalents

 

253,043

 

(340,014)

Cash and cash equivalents,          beginning of year

 

8,818

 

348,832 

Cash and cash equivalents,          end of year

$

261,861

$

8,818 

See notes to  consolidated financial statements.

Page 28
       
 

**SI DIAMOND TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES   TO  CONSOLIDATED FINANCIAL STATEMENTS**

**1.          Organization, Operations, and Liquidity:**

            SI Diamond Technology, Inc.  and its subsidiaries (“the Company”) are  engaged in the construction and sale of all types of outdoor signage, the  commercialization of electronic digitized sign technology, and the development  of products for applications using our proprietary field emission technology.  The Company is performing significant research and development related to its  carbon nanotube field emission technology, including nanotube technology, and  electronic digitized sign technology.

            The Company launched its electronic display products in 2000 and installed  units at numerous test locations in 2000 and 2001.   The Company is  continuing to focus on rolling out its full line of display products.  The  Company is also continuing to pursue license agreements for its technology.  Until the Company is able to operate profitably as a result of either revenues  from its display products or revenue from license agreements, it will continue  to seek additional funds through the equity markets, or raise funds through  debt instruments to allow it to maintain operations.  There is no assurance  that license agreements will be signed, that commercialization of the Company’s  technology and products will result in income from operations, or that funds  will be available in the equity or debt markets.  Management believes it will  continue to be able to secure additional short term funding, to allow the  Company to continue operations until it achieves profitability.  Full  commercial development of the Company's carbon nanotube field emission  technology may require additional funds that may not be available at terms  acceptable to the Company.

            The principal source of the Company's liquidity since the time of its initial  public offering in 1993 has been from the funds received from exempt offerings  of common stock, preferred stock, and convertible debt securities.   The  Company may receive additional funds from the exercise of warrants or options,  although there is no assurance that significant funds will be received from  the exercise of any such warrants or options in the near future.  The Company  may also seek to increase its liquidity through additional bank borrowings or  other financings.   There can be no assurance that any of these financing  alternatives can be arranged on commercially acceptable terms.   The  Company believes that its success in reaching profitability will depend on the  viability of its products and technology, their acceptance in the marketplace,  and its ability to obtain additional debt or equity financings in the future.

             A portion of the Company's research and development has been funded by  others.   To the extent that other funding is not available, the research  and development performed is being internally funded by the Company.

            The accompanying financial statements have been prepared in conformity with  generally accepted accounting principles,  which contemplates  continuation of the Company as a going concern.  However the Company has a  working capital deficiency, has sustained substantial operating losses since  inception and continues to sustain losses.  In view of this, realization of a  portion of the assets in the accompanying balance sheet is dependent upon  continued operations of the Company.  Management believes that actions  currently being taken will allow it to achieve profitability and allow the  Company to continue as a going concern.

**2.      Summary  of Significant Accounting Policies:**

Principles of consolidation

            The accompanying consolidated financial statements include the accounts of the  Company and its subsidiaries, Applied Nanotech, Inc.  (“NANOTECH”),  Electronic Billboard Technology, Inc.  (“EBT”), and Sign Builders of  America, Inc.  (“SBOA”), after the elimination of all significant  intercompany accounts and transactions.  NANOTECH is primarily involved in  developing products for applications using the Company’s proprietary carbon  nanotube field emission technology.  EBT is primarily involved in the  commercialization of electronic digitized sign technology.   SBOA is a  manufacturer of custom signage.

Page 29
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)**

** **

**2.      Summary  of Significant Accounting Policies (continued):**

Revenue recognition

            The Company recognizes revenue from the construction and sale of custom  signage when the sign is installed on the customer’s premises.  The Company  recognizes royalty revenue at the time the underlying product upon which the  royalty is based is shipped by the entity paying the royalty.  License revenue  from licensing the Company’s product is recognized as revenue when earned  under the terms of the agreement.  Advertising revenues are recognized as  revenue in the period in which the advertising runs.

            The Company's revenues include reimbursements under agreements to  perform research and development for others.  The agreements with federal  government agencies generally provide that, upon completion of a technology  development program, the funding agency is granted a royalty-free license to  use the newly developed technology for its own purposes.   The Company  retains all other rights to use, develop, and commercialize the technology and  recognizes revenue when it is billed pursuant to the terms of the contract.  Agreements with other entities generally allow the other entity to license the  Company’s technology upon completion of the project.  Revenue under these  contracts is recognized when it is earned pursuant to the terms of the  contract.

Cash and cash equivalents

            The Company considers all highly liquid investments purchased with an original  maturity of three months or less to be cash equivalents.

Marketable equity securities

            The Company’s securities investments that are bought and held principally  for the purpose of selling them in the near term are classified as trading  securities.   Trading securities are recorded at fair value on the balance  sheet in current assets, with the change in fair value during the period  included in earnings.

Accounts receivable

            The Company’s SBOA subsidiary frequently sells products to smaller companies  on credit, but requires deposits and prepayments where appropriate.  It is the  Company's policy to record reserves for potential credit losses.   Since  inception, the Company has experienced minimal losses.

Inventories

            Inventories are accounted for under the first in, first out method and are  recorded at the lower of cost or market.  Inventories consist of purchased  components and work-in-process at December 31, 2001 and 2000.

Property and equipment

            Property and equipment are recorded at cost, net of accumulated depreciation  and amortization.  Depreciation is provided on the straight-line method over  the estimated useful lives of the assets, which range from two to seven years,  or the lease term for leasehold improvements, if less.   Expenses for  major renewals and betterments that extend the original estimated economic  useful lives of the applicable assets are capitalized.  Expenses for normal  repairs and maintenance are charged to operations as incurred.   The cost  and related accumulated depreciation or amortization of assets sold or  otherwise disposed of are removed from the accounts, and any gain or   loss is included in income.

Page 30
       
** SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**                         NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED)**

 

**2.      Summary  of Significant Accounting Policies (continued):**

Intangible assets

            The Company has applied to obtain certain United States patents, which are  currently pending.  The majority of patent costs, which consist primarily of  legal fees, are expensed as incurred.  The Company has capitalized the  acquisition cost of patents acquired in 2000 and is amortizing the cost of  those patents over a period of 25 months.  See note 5 for additional  information related to intangible assets.

Impairment

            At  each balance sheet date, the Company evaluates the carrying amount and the  amortization period for its intangible assets and for its long-lived assets.  If an indicator of impairment exists, it is recorded at that  time.  During  2000, property and equipment, as well as  goodwill and covenant not to  compete were considered impaired.  See Note 5 for details related to the  impairment write down.

Income taxes

            The Company accounts for income taxes using the liability method pursuant to  Statement of Financial Accounting Standards (“SFAS”) No. 109.   Under  this method, deferred income taxes are recorded to reflect the tax  consequences on future years of temporary differences between the tax basis of  the assets and liabilities and their financial amounts at year-end.   The  Company provides a valuation allowance to reduce deferred tax assets to their  net realizable value.

Research and development expenses

            Costs of research and development for Company-sponsored projects are expensed  as incurred.

Accretion on convertible preferred  stock

            The Company’s Series G Convertible Preferred stock bears a 10% accretion  payable in common stock at the date of conversion.  All accretions paid in  common stock or payable in common stock if the shares had been converted as of  December 31, 2001 and 2000, respectively, have been treated as preferred  dividends.  The entire amount reflected as accretion on convertible preferred  stock on the income statement relates to the Series G Preferred stock  accretion.

Income (loss) per common share

            Basic per share amounts are computed,  generally, by dividing net income or loss by the weighted average number of  common shares outstanding.   Diluted per-share amounts assume the  conversion, exercise, or issuance of all potential common stock instruments  unless the effect is anti-dilutive, thereby reducing the loss or increasing  the income per common share.   As described in Notes 11, 12 and 13, at  December 31, 2001, the Company had convertible preferred shares, options and  warrants outstanding to purchase a total of 1,230,122; 5,813,212; and 330,000  shares of common stock, respectively, at a weighted average exercise price of  approximately $0.82.   At December 31, 2000, the Company had convertible  preferred shares, options and warrants outstanding to purchase a total of  1,145,123; 5,143,826; and 390,000 shares of common stock, respectively, at a  weighted average exercise price of approximately $0.85.   However, because  the Company incurred losses in both 2001 and 2000, the inclusion of those  potential common shares in the calculation of diluted loss per-share would  have an anti-dilutive effect.   Therefore, basic and diluted per-share  amounts are the same in both 2001 and 2000.

            In calculating the basic (income)  loss per common share, the premium earned by the preferred shareholders,  ($85,000 in 2001 and $90,328 in 2000) increased the net loss in both years.

Page 31
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

** NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

** **

**2.      Summary  of Significant Accounting Policies (continued):**

Reclassifications

            Certain reclassifications were made to previously reported amounts in the  accompanying consolidated financial statements and notes to make them  consistent with the current year presentation format.

Management’s estimates

            The preparation of financial statements in conformity with generally accepted  accounting principles requires management to make estimates and assumptions  that affect the reported amounts of assets, liabilities, revenues, and  expenses, as well as the disclosure of contingent assets and liabilities.  Actual results could differ from those  estimates.  Significant estimates  include the NOL reserve, warranty reserve, bad debt reserve, and litigation  reserves.

Disclosures about fair value of  financial instruments

            The following methods and assumptions were used to estimate the fair value of  each class of certain financial instruments for which it is practicable to  estimate that fair value.  For cash equivalents,  the carrying amount  approximates fair value because of the short-term nature of these instruments.  The fair value of the Company’s notes payable and capital lease obligations  is estimated based on the quoted market prices for the same, or similar,  issues, or on the current rates offered to the Company for debt of the same  remaining maturities with similar collateral requirements.  At December 31,  2001 and 2000, the fair value of the Company’s notes payable and capital  lease obligations approximates their carrying values.  See Note 4 for  information on the fair value of marketable securities.

Recently Issued Accounting  Pronouncements

            In July 2001 the FASB issued SFAS 141, Business Combinations, and SFAS 142  Goodwill and Other Intangible Assets.  These pronouncements provide that all  business combinations initiated after June 30, 2001 be accounted for using the  purchase method and that goodwill be reviewed for impairment rather than  amortized, beginning on January 1, 2002.  The Company does not believe that the  adoption of these pronouncements will have a material effect on its financial  statements.  Any business combination transactions in the future would be  accounted for under this new guidance.

            In September 2001, the FASB issued Statement 143, Asset Retirement  Obligations.  This Statement addresses financial accounting and reporting for  obligation associated with the retirement of tangible long-lived assets and  the associated asset retirement costs.  The Statement will be effective for the  Company's fiscal year ending December 2003.   The Company does not believe  that the adoption of this pronouncement will have a material effect on its  financial statements.

            In August 2001, the FASB issued Statement 144, Accounting for Impairment or  Disposal of Long-Lived Assets.  This Statement addresses financial accounting  and reporting for the impairment or disposal of long-lived assets.  The  Statement will be effective for the Company's fiscal year ending December 2002.    The Company does not believe that the adoption of this  pronouncement will have a material effect on its financial statements.

Page 32
            
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

** **

**3.**   **Other Income**

            The gain on disposal of assets included in other income (expense) in 2000 was  the result of the sale of the Company’s previous domain name, diamond.com.  The loss in 2001 resulted from cost of equipment, less insurance proceeds,  located in the World Trade Center at the time of its collapse on September 11,  2001.

**4.**   **Marketable Equity Securities**

            The Company invests a portion of its working capital in marketable  equity  securities.  All such equity securities are classified as trading  securities.   The fair market value of marketable securities, at December  31, was determined as follows:
**2001****2000** 
Cost basis

$

37,487 

$

 67,120

Unrealized gains (losses)

$

(13,637)

$

3,193

Fair market value

$

23,850 

$

 70,313

The net realized and unrealized gains  (losses) on marketable equity securities consists of the following for the  years ended December 31:
**2001****2000**
  Unrealized gains (losses) – prior year

 $

 (3,193)

 $

 (178,730)
 Realized  gains – 479,990   Realized  losses (4,812) (753,957)  Unrealized gains (losses) – end of year  (13,637) 3,193   Net realized and unrealized gains (losses)$  (21,642)$(449,504)
**5.      Impairment  of Assets :**

The impairment charge for 2000  consists of the following:

Property and equipment

$

712,500

Goodwill and          covenant not to compete

$

 639,761

Minority interest goodwill

$

 486,000

Total impairment of assets

$

 1,838,261

**Property and  equipment: **

            Certain electronic display units installed by the Company use technology  developed by the Company and were installed under test agreements with  customers.   As a result, the Company was not able to predict future cash  flows with sufficient certainty and accordingly, pursuant to the provisions of  Financial Accounting Standards Board Pronouncement No.121, (“FAS 121”),  has reduced the carrying value of these display units to the lower end of the  range of estimated liquidation values of the display units.  This impairment  charge was recorded as of December 31, 2000.  There were no impairment charges  in 2001.

Page 33
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

** **

**5.      Impairment  of Assets (continued):**

**SBOA Goodwill and covenant not to  compete:**

            In connection with the acquisition of assets of SBOA in August 1999, the  former owner of SBOA entered into a covenant not to compete with the Company,  whereby this individual agreed not to compete with the Company for a period of  three years from the date of acquisition.   This covenant not to compete  was being amortized over the three-year period covered by the agreement.    The Company also recorded goodwill in connection with the SBOA transaction.    This goodwill was being amortized over a fifteen-year period.   As part of the evaluation of intangible assets at December 31,  2000, the Company determined that the goodwill and covenant not to compete  were impaired as of that date.   The remaining net book value of these two  intangible assets were written off and charged to expense at that date.
**Minority Interest Goodwill**
            In February 2000, the Company reacquired the  minority interest in its NANOTECH subsidiary by issuing 200,000 shares of the  Company’s common stock.   The transaction was valued based on the market  price of the common stock issued.  Since NANOTECH had a negligible book value,  this resulted in $486,000 of goodwill.  However, since there was no future cash  flow directly related to this 5% minority interest, FAS 121 required us to  write the goodwill off as impaired at the time that it was acquired.  The  transaction had no overall effect on stockholders’ equity since the value of  the stock issued at the time approximated the impairment write off.

**6.      Capital  Lease Obligations :**

            Capital leases payable at December  31, 2001 and 2000 consisted of the following:
20012000  Three capital leases for copier equipment due  in monthly installments  totaling $2,435 through 2006.  The equipment value and lease obligation was determined  using a discount rate of 10%.  The equipment is included in  office equipment at a cost of $118,969$
101,806
$
– 
  Less current portion
  19,987
–   Capital Lease Obligations,  long-term$
81,819
$
–
Page 34
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**7.      Operating  Lease Obligations :**

         The Company leases various facilities and equipment under operating lease  agreements having terms expiring at various dates through 2006.  Rental expense  was $271,156 and $271,156 for the years ended December 31, 2001 and  2000,  respectively.

         Future minimum lease payments under operating leases that have initial or  remaining noncancelable lease terms in excess of one year at December 31,  2001, were as follows:

  2002

  $

  207,714

  2003

$

  102,615

  2004

$

  29,060

  2005 and  thereafter

$

–

  Total future minimum lease  payments

$

 339,389

**8.      Details  of Certain Balance Sheet Accounts:**

Additional information regarding  certain balance sheet accounts at December 31, 2001 and 2000 is as follows:

**December 31,****2001****2000**
Inventories

 

 

 

 

 

 

Raw materials

 

100,667 

 

98,019 

 

Work in process

 

131,722 

 

55,225 

 

               Total

$

232,389 

     $

153,244 

 

 

 

 

 

 

 

Property and equipment:

 

 

 

 

 

Plant and equipment

$

879,925 

$

856,608 

 

Electronic display units

 

474,470 

 

300,000 

 

Furniture and office equipment

 

405,889 

 

229,315 

 

Vehicles

 

103,079 

 

103,079 

 

               Total carrying cost

 

1,863,363 

 

1,489,002 

 

Less accumulated depreciation

 

(1,305,932)

 

(722,421)

 

 

 

$

 557,431 

$

766,581 

Intangible assets:

 

 

 

 

 

Patents

 

$

250,000 

$

250,000 

 

Less accumulated amortization

 

(180,000)

 

(60,000)

 

 

 

$

70,000 

$

190,000 

Accrued liabilities:

 

 

 

 

 

 

Payroll and related accruals

$

90,026 

$

37,693 

 

Accrued Interest

 

93,520 

 

40,469 

 

Lawsuit settlements

 

– 

 

275,000 

 

Other

 

 

79,504 

 

88,796 

 

                Total

$

263,050 

$

441,958 

 
     
 

Page 35
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

** **

** **

**9.      Notes  Payable :**

Notes payable at December 31, 2001  and 2000 consisted of the following:

2001
2000
 

Short-term notes payable to        shareholders, due at various dates

 
   
 

through April 2002.  These notes        bear interest at a rate of 15%,

 

 

 

 

 

and are secured by all assets        of the Company.  The face amount of

 

 

 

 

 

these notes totaled $800,000 at        issuance.  These notes are convertible

 

 

 

 

 

into common stock at the option        of the holders at discounts of up to

 

 

 

 

 

 25% to the price of the        stock at the due date of the note.  The

 

 

 

 

 

conversion rights were valued        at $266,579 and recorded as a

 

 

 

 

 

discount to the note at the        time of issuance.

$

648,302

$

–

 

 

 

 

 

 

 

Short-term notes payable to        shareholders, due at various dates

 

 

 

 

 

through April 2002.  These notes        bear interest at a rate of 15%,

 

 

 

 

 

and are secured by all assets        of the Company.  These notes are

 

 

 

 

 

convertible into common stock        at the option of the holders at a

 

 

 

 

 

price of $0.86 per share.

 

500,000

– 

 

 

 

 

 

 

 

Notes payable to shareholder,        due June 30, 2002.This note bears

 

 

 

 

 

interest at a rate of 15%, and        is secured by all assets of the Company.

 

 

 

 

 

This note is convertible into        common stock at the option of the

 

 

 

 

 

holder at the lesser of a        discount of 15% to the floating average for

 

 

 

 

 

the five trading days preceding        the due date of the note, or $0.675

 

 

 

 

 

per share.  This conversion        feature was considered to have

 

 

 

 

 

negligible value at the time of        issuance.

 

250,000

 

250,000

 

 

 

 

 

 

 

Note payable to investor, due        January, 2001 bearing interest at a

 

 

 

 

 

rate of 15%, and secured by all        assets of the Company.  

 

–

 

125,000

 

 

 

 

 

 

 

Notes payable to a bonding        company.  This note bears interest at

 

 

 

 

 

a rate of 10%, is due in July        2001, and is secured by all assets.

 

–

 

100,000

 

 

 

 

 

 

 

Notes payable to a bonding        company with a face amount of $100,000,

 

 

 

 

 

bearing interest at a rate of        10%.This note is due in quarterly

 

 

 

 

 

installments through July 2003        and is secured by all assets.

 

88,553

 

–

 

 

 

 

 

 

 

Note payable due in monthly        installments of $615 through April 2004,

 

 

 

 

 

when the remaining balance is        due.  The entire amount is classified

 

 

 

 

 

as current because        the Company intends to pay the note in full in 2002.

 

 

 

 

 

This note bears interest at        7.75% and is secured by a vehicle.

 

15,710

 

21,623

 

 

 

 

 

 

 

Total

 

1,502,565

 

496,623

 

 

 

 

 

 

 

Less current portion

 

1,462,733

 

496,623

 

 

 

 

 

 

 

Notes payable, long-term

$

39,832

$

–

 
     
 

Page 36
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

 

**9.     Notes  Payable (cont) :**

 

Current portion shown as notes        payable

 

1,398,302

 

375,000

 

 

 

 

 

 

 

Current portion shown as        current portion of long-term debt

 

64,431

 

121,623

 

 

 

 

 

Total current portion

$

1,462,733

$

496,623

 

 

 

 

 

**10.   Income Taxes :**

The components of deferred tax assets  (liabilities) at December 31, 2001 and 2000, were as follows:

**December          31,****2001****2000**Deferred tax assets:
Net operating loss carryforwards

$

  21,774,000 

$

 19,888,000 
  Research and experimentation credits
  469,000 
 469,000   Foreign tax credit credits
  556,000 
 556,000   Capitalized intangible assets
  463,000 
 509,000   Depreciation assets
  243,000 
 275,000   Accrued expenses not deductible until  paid
270,000 
300,000   Total deferred tax assets
23,775,000 
21,997,000 Deferred tax liabilities:  Unrealized gains on securities– 1,000   Total deferred tax liabilities
– 
1,000 Net deferred tax assets before  valuation allowance
  23,775,000 
 21,996,000  Valuation          allowance
  (23,775,000)
 (21,996,000) Net deferred tax          asset
$
– 
$
– 
           The following is a reconciliation of the amount of the income tax expense  (benefit) that would result from applying the statutory federal income tax  rates to pretax income (loss) and the reported amount of income tax expense  (benefit) for the periods ended December 31, 2001 and 2000.

**December          31,****2001****2000**Expected income tax expense          (benefit)$  (1,728,000)$ (2,608,000)Effect of net operating loss and tax  credit carryforwards                 with no current benefit          1,779,000  3,055,000 Partnership income not recorded on          books –  117,000 Non-deductible          loss on reacquisition of  Minority Interest– 165,000Deductible          expenses not charged against book income  (45,000) (599,000)Non-deductible          expenses  10,000 4,000 Nontaxable          income included in book income– (90,000)Other(16,000)(44,000)          Total  Tax$– $–
Page 37
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

** 10.   Income Taxes  (continued) :**

           As of December 31, 2001, the Company had net operating loss carryforwards of  approximately $64 million that expire from 2006 through 2019, and are  available to offset future taxable income.  The majority of these carryforwards  expire after 2009.  Additionally, the Company has tax credit carryforwards  related to research and development expenditures of approximately $469,000  that expire through 2011 and foreign tax credits of approximately $556,000  that expire in 2004.

           The Company’s IPO, completed in 1993, and subsequent issuances of stock have  effected ownership changes under Internal Revenue Code Section 382.  The  ownership changes resulting from these stock issuances will likely limit the  Company's ability to utilize any net operating loss carryforwards or credits  generated before the changes in ownership.  

** 11.   Capital Stock:**

Beneficial Conversion Feature

           As described in greater detail in Note 9, the Company issued notes payable  with beneficial conversion features during the year.  The value of these  beneficial conversion features was determined to be $266,579.  This amount was  recorded as an increase in additional paid in capital and is being amortized  to interest expense over the term of the notes.

Convertible Preferred Stock

           The Company has authorization for the issuance of 2,000,000 shares of $1.00  par value preferred stock.  As of December 31, 2001 and 2000, all preferred  shares outstanding were shares of the Company’s Series G Preferred Stock.  The Series G Preferred Stock had a liquidation preference of $1,230,122 as of  December 31, 2001.

Series G

           From June 1997 through August 1997, through an exempt offering under  Regulation D of the Securities Act of 1933, the Company issued 1,700 shares of  its Series G preferred stock.  The offering provided gross proceeds of  $1,700,000 to the Company.  There were no material expenses associated with  this offering.  Each share has a liquidation preference of $1,000 plus 10% per  annum from the date of issuance.  The Series G preferred stock bears no  dividends and holders of the Series G preferred stock are entitled to vote on  all matters submitted to a vote of the stockholders on an "as if  converted" basis.

           Each share of Series G preferred  stock is convertible into that number of shares of common stock determined by  dividing the original issue price of the Series G preferred stock, plus an  accretion amount equal to 10 % of the issue price per annum, by the conversion  price.  The conversion price is fixed at a rate of $1.00 per share.  All shares  of Series G preferred stock that remain outstanding on June 10, 2002 will be  automatically converted as of that date.  If no shares are converted prior to  that date, this will result in the issuance of an additional 1,267,616 common  shares.

           During 2000, a total of 250 shares of Series G preferred stock were converted  into 317,397 shares of the Company’s common stock.

Page 38
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**11.   Capital Stock  (continued):**

Subsidiary Preferred Stock

           In September 1997, the Company completed an agreement with Diamond Pro-shop  Nomura Co., Ltd.  (“DPN”), an affiliate of Noritake.  Both DPN and Noritake  are corporations organized under the laws of Japan.  Under the terms of the  agreement, DPN acquired 50 shares of convertible preferred stock and certain  licensing and marketing rights for products developed by NANOTECH in exchange  for a payment of $500,000.  Of this payment, $400,000 was allocated to the  licensing and marketing rights and $100,000 was allocated to the preferred  stock based on its estimated fair market value at that date.  These preferred  shares were convertible into NANOTECH common shares equivalent to a 5%  ownership interest in  NANOTECH.  In January 2000, DPN transferred its  ownership of these shares to Nomura Holding Company, an affiliate of DPN.  In  February 2000, the Company agreed to exchange Nomura’s NANOTECH shares for  200,000 shares of the Company’s common stock.  These shares were valued at  $500,000 based on the market price of the shares at the time of the  transaction.  This amount was  considered goodwill and written off as of  the acquisition date.  See note 5 for additional information on the impairment  write-off.

Common Stock

           During 2001, in a series of private  placements of the Company’s common stock in exempt offerings under  Regulation D of the Securities act of 1933, the Company issued 5,713,821  shares of its common stock and received proceeds of $3,441,604.  These shares  were issued at prices that represented a slight discount to the market price  of the stock at the time of the offerings.  A registration statement covering  these shares was declared effective August 24, 2001.

           During 2000, in a series of private  placements of the Company’s common stock in exempt offerings under  Regulation D of the Securities act of 1933, the Company issued 3,992,242  shares of its common stock and received proceeds of $3,455,000.  These shares  were issued at prices that represented a slight discount to the market price  of the stock at the time of the offerings.  A registration statement covering  these shares was declared effective November 17, 2000.

           During 2000, the Company acquired a  patent valued at $250,000.  In exchange for this patent, the Company issued  240,164 shares of its common stock.  A registration statement covering these  shares was declared effective July 17, 2000.

           The Company had a marketing agreement  and related consulting and advisory agreement with Vision Mark, LLC and  C&A Consulting Services, LLC.  As a result of these agreements, the Company  issued 300,000 shares of its common stock in January 2000 to C&A in  connection with an agreement signed with Eckerd Corporation, a subsidiary of  JCPenney, Inc.  The shares were valued at $675,000 based upon the market price  of the common stock at the time of issuance.  These shares were registered in  June 1999.

           At December 31, 2001 and 2000, common  stock was reserved for the following reasons:

**2001**
**2000**
Conversion of          debt

2,412,548

423,831

Exercise of stock warrants

330,000

10,090,000

Conversion of preferred stock

1,230,122

1,145,123

Exercise and future grants of stock  options

6,540,146

7,170,426

Total deferred          tax assets

10,512,816

18,829,380
     
Page 39
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**12.     Stock  Options  :**

           The Company sponsors three stock-based incentive compensation plans (the “Plans”).  The Company applies Accounting Principles Board (“APB”) Opinion No. 25 and  related interpretations in accounting for the Plans.  In 1995, the FASB issued  SFAS No. 123 “Accounting for Stock-Based Compensation” which, if fully  adopted by the Company, would change the methods the Company applies in  recognizing the cost of the Plans.  Adoption of the cost recognition provisions  of SFAS No. 123 is optional and the Company has decided not to elect these  provisions of SFAS No. 123.  However, pro forma disclosures as if the Company  adopted the cost recognition provisions of SFAS No. 123 are required by SFAS  No. 123 and are presented below.

           In March 1992, the shareholders of the Company approved the 1992 Employees  Stock Option Plan (the "1992 Employees Plan") for purposes of  granting incentive or non-qualified stock options.  The 1992 Employees Plan was  amended in July 1996 by the shareholders of the Company to reserve up to  3,000,000 shares of common stock for issuance to certain officers and key  employees.  The Company’s Board of Directors amended the plan in January 1999  to increase the number of shares authorized under the plan to 3,500,000 and  further amended the plan in December 1999 to increase the number of shares  authorized under the plan to  6,500,000.

           The incentive stock options are exercisable for up to ten years, at an option  price per share not less than the fair market value on the date the option is  granted.  The incentive stock options are limited to persons who have been  regular full-time employees of the Company or its present and future  subsidiaries for more than one (1) year and at the date of the grant of any  option are in the employ of the Company or its present and future subsidiaries.  Non-qualified options may be granted to any person, including,  but not limited to, employees, independent agents, consultants and attorneys,  who the Company's Compensation Committee believes have contributed, or will  contribute, to the success of the Company.   Non-qualified options may be  issued at option prices of less than fair market value on the date of grant  and are exercisable for up to ten years from date of grant.  The option-vesting  schedule for options granted is determined by the Compensation Committee of  the Board of Directors at the time of the grant.  At December 31, 2001, a total  of 563,570 shares remained available for grant under the 1992 Employees Plan.

The following is a summary of stock  option activity under the 1992 Employees Plan:

Number of        SharesWgtd.        Ave.        Exercise        Price
Options outstanding at January 1,  2000

  2,418,833 

 $0.67
 
Granted

  1,819,545 

 $1.74

  Exercised

  (665,427)

 $0.40

  Canceled

  (351,841)

 $1.72

Options outstanding at December 31,  2000
3,221,110 
 $1.20

Granted

  1,584,944 

 $0.82

  Exercised

(335,280)

$0.54

  Canceled

  (435,278)

 $1.70

Options outstanding at December 31,  2001
  4,035,496 
 $0.90

Page 40
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**                 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**12.     Stock  Options (continued)  :**

           In March 1992, the Board of Directors adopted the 1992 Outside Directors’  Stock Option Plan (the "1992 Directors Plan"), for purposes of  granting non-qualified options to non-employee directors of the Company.  The  1992 Directors Plan was amended in 1994, 1996, 1997 and 1999.  A total of  1,000,000 shares are reserved for issuance under the plan and are issued each  year based on a formula defined by the plan.  The stock options granted under  the 1992 Directors Plan are exercisable for up to 10 years at an option price  equal to the fair market value on the date the option is granted.   At  December 31, 2001, a total of 163,364 shares remained available for grant.

The following is a summary of stock  option activity under the 1992 Director’s Plan:

Number of        SharesWgtd.        Ave.        Exercise        Price
Options outstanding at January 1,  2000
  274,383 
$0.77
  
Granted
  243,333 
 $2.21
  Exercised(16,000)  $0.375  Canceled ––
Options outstanding at December 31,  2000 
  501,716  $1.48Granted  200,000 $1.00Exercised(4,000)  $0.375Canceled  (50,000)  $2.19 Options outstanding at December 31,  2001  647,716  $0.98
           In May 1998, the Board of Directors of the Company established the 1998  Officers and Directors Stock Option Plan and reserved a total of 1,200,000  shares for issuance under the Plan.  The plan was amended in January 1999 by  the Board of Directors of the Company to increase the shares reserved for  issuance under the plan to 2,500,000.  Options under this plan are granted at  the discretion of the Board of Directors.  No additional shares are currently  available under the plan.

The following is a summary of stock  option activity under the 1998 Officers and Directors Plan:

Number of        SharesWgtd.        Ave.        Exercise        Price
Options outstanding at January 1,  2000
1,864,820$0.45  
Granted
––  Exercised––  Canceled (443,820)$0.46
Options outstanding at December 31,  2000 
1,421,000$0.44Granted––Exercised(291,000)$0.45Canceled–– Options outstanding at December 31,  20011,130,000$0.44
Page 41
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**12.     Stock  Options (continued)  :**

           The fair value of each stock option granted in 2001 and 2000 is estimated on  the date of grant using the Black-Scholes option pricing-model with the  following weighted-average assumptions: no dividend yield for 2001 and 2000;  risk-free interest rate of 4.00% and 6.00% for 2001 and 2000, respectively;  the expected lives of the options are five years for 2001 and 2000; and  volatility of 124% and 100% for 2001 and 2000, respectively.

           The Black-Scholes option valuation model and other existing models were  developed for use  in estimating the fair value of traded options that  have no vesting restrictions and are fully transferable.  In addition, option  valuation models require the input of and are highly sensitive to subjective  assumptions including the expected stock price volatility.  SI Diamond  Technology, Inc.’s stock options have characteristics significantly  different from those of traded options, and changes in the subjective input  assumptions can materially affect the fair value estimate.

           In April 2001, the Company repriced a total of 900,500  options.  All options  with an exercise price greater than $1.50 per share held by individuals  employed by the Company as of the repricing date, including one consultant  under contract at the time, were repriced to $1.50 per share.  No compensation  expense related to the employees was recorded at the time.  However, as these  options will be accounted for as a variable plan, future increases in the  Company’s stock price may result in recognition of compensation expense.  An  expense of  $5,000 was recorded related to the repricing of the options  held by the consultant.  As of December 31, 2001, a total of 680,500 of these  options held by employees and 100,000 options held by a consultant remain  outstanding.

The following table summarizes  information about stock options outstanding and exercisable under all three  plans at December 31, 2001:
Options        OutstandingOptions        Exercisable
Range of        Exercise Prices
Number        Outstanding        at 12/31/01
  Wgtd.  Avg.  Remaining   Contractual        LifeWgtd.        Ave.        Exercise PriceNumber        Exercisable        at 12/31/01 Wgtd.        Avg.        Exercise Price
$0.00 -  $0.49

  1,793,779

  5.1  Years

  $0.37

  1,793,779

  $0.37

$0.50 -  $1.00

 2,292,600

  8.4 Years

  $0.69

  2,165,675

 $0.69

$1.01 -  $1.99

  1,726,833

8.4  Years

  $1.45

 1,559,331

  $1.45

Total

 5,813,212

  7.4 Years

  $0.82

 5,518,785

  $0.80

Page 42
       
                                         **SI DIAMOND TECHNOLOGY, INC.  AND  SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**12.     Stock  Options (continued)  :**

** **The following table summarizes  information about stock options outstanding and exercisable under all three  plans at December 31, 2000:
Options        OutstandingOptions        Exercisable
Range of        Exercise Prices
Number        Outstanding        at 12/31/00
  Wgtd.  Avg.  Remaining   Contractual        LifeWgtd.        Ave.        Exercise PriceNumber        Exercisable        at 12/31/00 Wgtd.        Avg.        Exercise Price
$0.00 -  $0.49

2,040,559

6.3 Years

  $0.37

2,036,029

  $0.37

$0.50 -  $1.00

 1,120,600

8.0 Years

$0.55

   955,600

$0.52

$1.01 -  $1.99

1,146,667

7.8 Years

$1.51

   878,666

$1.51
$2.00  $4.00  836,0008.2        Years$2.56   688,443$2.53
Total

5,143,826

7.3 Years

$1.02

4,558,738

$0.95

The weighted-average fair values of  options under the plans granted during 2001 and 2000 were as follows:
20012000
Discounted  options

  $0.00

  $0.00

At-the-money  options

  $0.56

  $1.12

Premium  options 

  $0.70

 $0.00

           During 2001 and 2000, the Company did not incur any compensation cost for  options granted under the Plans as required under APB No. 25.  Had the  compensation cost for the Company’s compensation plans been determined  consistent with SFAS No. 123, the Company’s net loss and net loss per common  share for 2001and 2000 would approximate the pro forma amounts as shown below:
20012000Net loss
  As reported

  $(5,081,559)

  $(7,671,014)

  SFAS No. 123  Charge

  937,874 

1,800,265 

  Pro  Forma

 (6,019,433)

 (9,471,279)
Net income (loss) per common share – basic  and diluted
  As reported  $(0.08)  $(0.14)
  Pro  Forma    $(0.09) $(0.17)
           The  effects of applying SFAS No. 123 in this pro forma disclosure are not  indicative of future amounts.  SFAS No. 123 does not apply to awards prior to  1995 and the Company anticipates making awards in the future under its  compensation plans.

Page 43
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS -(CONTINUED)**

**13.   Stock Warrants :**

Common Stock Warrants

           In 1996, the Company issued 35,000 warrants to an advisor in connection with  the Company’s fundraising activities.  These warrants enable the holder to  purchase shares of the Company’s common stock at a price of $2.00 per share  through 2006.  In 1997, the Company issued 75,000 additional warrants to this  advisor in connection with services related to a joint venture agreement.  A  total of 15,000 of these warrants were exercised in 1999.  These warrants  enable the holder to purchase shares of the Company’s Common Stock at a  price of $1.00 per share through 2007.

           In connection with the issuance of the Company’s Series G preferred stock in  1997, the Company issued 850,000 warrants to holders of the Series G Preferred.  These warrants enable the holders to purchase shares of the Company’s  common stock at a price of $1.00 through August 2002.  A total of 675,000 of  these warrants were exercised through December 31,  2001.

           In October 1996, the Company completed a transaction whereby it borrowed a  total of $1,000,000 in secured loans from a group of individuals.  In  connection with these loans, the Company issued 200,000 warrants with a value  of approximately $200,000.  The warrants enabled the holder to purchase shares  of the Company’s common stock at a price of $1.00 through June 2000.  A total  of 150,000 of these warrants were exercised by the due date and the remaining  50,000 warrants were extended until June 2001.  Of the warrants that were  extended, 26,500 were exercised and 23,500 were cancelled.

           In 1999, the Company issued a total of 60,000 warrants to three separate  individuals in connection with services rendered to the Company.  The exercise  price of these warrants is based on the fair market value of the Company’s  common stock at the time of issuance and range from $0.88 to $2.15 per share.  These warrants are exercisable for a period of 5 years from the date of  issuance.

           In 2000, the Company issued a total of 10,000 warrants to an individual in  connection with services rendered to the Company.  The exercise price of these  warrants was $0.80 per share and they were valued at $4,646 based on the fair  market value of the Company’s common stock at the time of issuance.  These  warrants were exercised in 2001.

The following is a summary of  outstanding warrants:
 **Number        of        Shares****Exercise        Price** 
Warrants outstanding at January 1,  2000

  899,792 

 $0.88-7.89

Granted

  10,000 

  $0.80

  Exercised

  (375,000)

  $1.00

Expired

(144,792)

 $3.90-6.78

Warrants outstanding at December 31,  2000

390,000

  $0.80-2.15

Granted

–

–

  Exercised

(36,500)

  $0.80-1.00

  Expired or canceled

 (23,500)

 $1.00

Warrants outstanding at December 31,  2001

 330,000 

  $0.88-2.15

           The preceding summary of stock warrant activity excludes the C&A warrants  described in Note 15 which were cancelled in 2001.

Page 44
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**14.           Supplemental Cash Flow Information:**

           Cash paid for interest was $43,006 and $18,998 for 2001 and 2000,  respectively.   The following non-cash transactions have been excluded  from the accompanying consolidated statement of cash flows:
**2001****2000**Non-cash financing activities:
  Conversion of notes payable and interest into common shares

 $

–

  $

 132,480

  Reclassification of accrued expenses to notes payable

 $

100,000

$

–

Beneficial        conversion feature on notes payable
 $
266,579
 $

–

Non-cash investing activities:

 

 

 

 

  Acquisition of capital leases

  $

118,969
$
–

Common shares issued for        patent

  $

–

$

 250,000

**15.          Commitments and Contingencies:**

Government contracts

           Governmental contractors are subject to many levels of audit and  investigation.   Among United States agencies that oversee contract  performance are: the Defense Contract Audit Agency, the Inspector General, the  Defense Criminal Investigative Service, the General Accounting Office, the  Department of Commerce, the Department of Justice and Congressional Committees.  The Company's management believes that an audit or investigation,  if any, as a result of such oversight would not have any material adverse  effect upon the Company's financial condition or results of operations.

Agreements with MCC

           The Company entered into an agreement in 1994 with Microelectronics and  Computer Technology Corporation (“MCC”) that was amended on several  subsequent occasions to cross license and pool technologies.  As part of this  relationship with MCC, 62 Diamond Field Emission patents and patent  applications were assigned directly to the Company and the Company has agreed  to pay a royalty fee of 2% of future commercial revenues related to the  patents received.  The Company has the right to offset one half of the costs of  maintaining these patents against any royalties due under the agreement.  No  payments have been made to, or are due to, MCC under this agreement.

Vision Mark Agreement

           In November 1998, the Company signed a marketing agreement with Vision Mark,  LLC (“Vision Mark”), a Texas limited liability company and a related  consulting and advisory services agreement with C&A Services LLC (“C&A”),  a Texas limited liability company affiliated with Vision Mark., whereby Vision  Mark and C&A agreed to represent the Company with several “protected”  customers, as defined by the agreements.  C&A received warrants, which were  contingent upon the occurrence of future events, to purchase up to 9,700,000  shares of the Company’s common stock.  The Vision Mark and C&A agreements  were terminated in 2001.  No warrants were issued or will be due under the  agreement.

Page 45
       
S**I DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**15.          Commitments and Contingencies (continued):**

Till Keesman Agreement

           In May 2000, the Company licensed 6 carbon  nanotube patents from Till Keesman in exchange for a payment of $250,000  payable in shares of the Company’s common stock.  Under the terms of the  agreement, the Company is obligated to pay license fees equal to 50% of any  royalties received by the Company related to these patents.  The company is  allowed to offset certain expenses, up to a maximum of $50,000 per year,  against payments due under this agreement.  The agreement also contains  provisions related to minimum license fee payments.  If the Company does not  pay minimum additional license fees of $500,000 by May, 2002, the license will  terminate at that point.  This payment could have a significant impact on our  liquidity if it is paid in cash, or cause us to raise additional funds through  the issuance of equity or debt.  If the Company does not pay additional  cumulative license fees of $1,000,000 (including any fees applied toward the  previously described minimum due in May 2002) by May 2004, the license will  terminate at that point.  The Company is not obligated to make any additional  payments, but the license may terminate if these payments are not made.  Accordingly, the initial payment of $250,000 for the patents is being  amortized over a period of approximately two years.

Employment contracts

           The Company has entered into an employment agreement with its president and  chief operating officer.  The agreement calls for an annual base salary of  $150,000 and for the Company to provide a vehicle for his use.  The agreement  can be terminated by either party with or without cause with 30 days notice.  If the agreement is terminated by the Company without cause, the Company is  obligated to pay severance equal to nine months salary.

Research and Development commitments

           As of December 31, 2001, the Company was obligated to perform funded research  in the amount of approximately $280,000 on government contracts.  The cost of  the research in 2002 is expected to approximate the revenue received for the  research.

Legal Proceedings

           On November 16, 2000, the former owner of Sign Builders of America,  Inc.  filed  suit against SI Diamond Technology, Inc and Sign Builders of America, Inc.  for  alleged breach of the purchase agreement related to offsets the Company took  against the final note payment.  The amount of the note in question was  $131,250, including accrued interest.  In June 2001, the Company agreed to  settle this lawsuit and paid $75,000 in connection with this settlement.

           On July 20, 1998, TFI Telemark, Inc., a former vendor of Plasmatron, filed a  complaint in the County Court at Law No. 2 of Travis County, Texas against the  Company for debts of its subsidiary, Plasmatron.  The Company was served with  notice of this suit on August 5, 1998.  All amounts claimed as owing by TFI are  recorded as liabilities in the consolidated financial statements of the  Company.  The Company believes the ultimate resolution of this matter will not  have a material impact on the consolidated financial statements of the  Company.

 

Page 46
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**15.          Commitments and Contingencies (continued):**

Legal Proceedings (cont.)

           On May 20, 1996, Semi-Alloys Company, a former customer of Plasmatron, filed a  complaint with the Supreme Court of the State of New York, County of  Westchester.  The complaint names Plasmatron, the Company and Westchester Fire  Insurance Company as defendants.  Semi-Alloys claimed a breach of contract  related to $1 million of coating equipment that Plasmatron delivered in 1993,  prior to the Company’s ownership of Plasmatron.  In January 2000, the Company  agreed to participate in a settlement agreement between the plaintiff and the  other defendant; notwithstanding our denial of any liability to the plaintiff.  The Company agreed to pay a total of $450,000, of which $225,000 was due at  signing.  The Company signed three notes payable for the balance of the  settlement.  These notes, in the amount of $25,000, $100,000, and $100,000, are  due in three months, nine months, and eighteen months, respectively and bear  interest at a rate of 10% per annum.  All notes were paid when due.  In exchange  for this settlement the Company received a complete release from further  liability from both the plaintiff and the co-defendant.

           On April 30, 1998, Universal Bonding Company, managing general agent for  Westchester Fire Insurance Company filed a complaint with the Superior Court  of New Jersey, Atlantic county.  The Complaint named Richland Glass Company,  Inc., Robert Williams, Joan Williams, Bawa Singh, Narinder Singh, Gaylord Evey  and Doris Evey, all guarantors under the bond, as defendants.  All defendants  were former owners, or associated with former owners, of Plasmatron.  Defendant  Gaylord Evey filed an answer with the court naming Plasmatron, the Company,  Nicholas Rettino, and the Rettino Insurance agency as third party defendants  and asking for indemnification by the third party defendants.  A separate  indemnification claim filed by Richland Glass against the same third party  defendants was consolidated with this case.  In February 2001, the Company  agreed to participate in a settlement agreement whereby it would pay a total  of $150,000, of which $50,000 was paid by June 1, 2001 and the balance of  $100,000 is in the form of a note due in quarterly payments through July, 2003.  See Note 9.

           The Company previously had a royalty agreement with Texas Digital Systems,  Inc.  (TDS) which was terminated by TDS pursuant to the terms of the agreement  as of December 31, 1999.   Under the terms of the agreement, TDS was  prohibited from using the Company’s technology after the termination of the  agreement.  The Company believed that TDS was continuing to ship products using  our technology and contacted TDS.  TDS responded, in part, by filing suit  against the Company and EBT for breach of contract  in the 272nd  Judicial District Court in Brazos County Texas on July  26, 2000.  The  Company was not served with notice of this suit until December 5, 2000.  It is  the Company’s view that the TDS claim against the Company has little merit  and that a significant reason that TDS filed suit was to obtain venue in its  home venue of Brazos County rather than in the Company’s home county of  Travis County.  The Company intends to vigorously pursue its claim against TDS  and seek damages and an injunction against TDS for continuing to use the  Company’s technology in TDS products after the termination of the agreement.

           The Company and its subsidiaries are  also defendants in various other lawsuits from time to time related to the  non-payment of invoices when due, or minor employment matters.  It is expected  that all such lawsuits will be settled for an amount no greater than the  liability recorded in the financial statements for such matters.   If  resolution of any of these suits results in a liability greater than that  recorded, it could have a material impact on us.

           The above lawsuits resulted in $118,000 charged to operations in 2000 and no  charge in 2001, other than legal fees associated with the cases.

Page 47
       
**SI DIAMOND SI  DIAMOND TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**16.    Concentrations of Credit Risk:**

           The Company’s financial instruments that are exposed to concentrations of  credit risk consist of cash and cash equivalents and receivables.  The Company  places its cash and cash equivalents with high credit quality financial  institutions; however for limited periods of time during the year, bank  balances on deposit were in excess of the Federal Deposit Insurance  Corporation insurance limit.

           The Company’s receivables are uncollateralized and result primarily from its  research and development projects performed primarily for U.S.  Federal  Government Agencies and services performed for large U.S.  and multinational  corporations.  The Company’s SBOA subsidiary also provides services for small  and medium size companies, but requires deposits and progress payments for  work performed.  The Company has not incurred any material losses on these  receivables.

**17.   Significant Customers  :**

** **           Net sales to two major customers of Sign Builders of  America, Inc.  amounted to $213,530 in 2001 and $474,467 in 2000.  Accounts  receivable – trade includes receivables from these two major customers of  $63,867, and $97,120, at December 31, 2001 and 2000, respectively.  In  addition, Applied Nanotech, Inc.  received $600,000 of revenue from one major  customer in 2001 for research and development services.  The Company received  no revenue from this customer in 2000.  In addition, Applied Nanotech, Inc.  received research and development revenues from the  U.S.  Government in both  years as disclosed on the income statement.

**18.   Related Party  Transactions :**

           In October 1998, EBT  entered into a Patent Assignment and Royalty Agreement with Advanced  Technology Incubator, Inc., (“ATI”) a corporation based in Austin, Texas  and owned by Dr. Zvi Yaniv, the Company’s President and Chief Operating  Officer.  Under the terms of the agreement, ATI agreed to assign U.S.  Patent No.  5,469,187 related to certain LCD technology to EBT in exchange for an  initial payment of $200,000.  In addition, ATI is entitled to receive a royalty  of 5% of gross revenue related to products using this patent.  EBT intends to  use this technology in the development of its next generation display products.  EBT may terminate this assignment at any time upon 30 days written  notice to ATI.  The assignment may be terminated by ATI if, within two years of  the first sale or lease of a display unit using this technology, cumulative  royalty payments under the agreement have not totaled $500,000, or if payments  do not equal $500,000 in any one-year period following this initial two-year  period.  If the assignment is terminated by ATI, EBT will be granted a  non-exclusive worldwide license to use the technology under terms similar to  those contained in this agreement.

           ATI had the right to  terminate this agreement if the initial payment was not received by February  15, 1999.  This date was extended in a series of quarterly extensions that  allowed the extension in exchange for a partial payment to be applied against  the initial amount due.  A total of $50,000 in payments were made in 1999,  $37,500 in 2000 and the remaining $112,500 in 2001.

           In July 2001, the  Company made a non-interest bearing advance to Dr. Zvi Yaniv, the Company’s  President and Chief Operating Officer in the amount of $150,000.  Interest has  been imputed at a rate of 9%.  A total of $87,500 of this was repaid to the  Company in December 2001 by offsetting it against the remaining amount due on  the previously described Patent Assignment and Royalty Agreement with ATI.  The  remaining $62,500 is outstanding as of December 31, 2001.  The note has been  classified as long term since there are no fixed repayment terms.

           During 2000, the Company  sold electronic display units to Dr. Zvi Yaniv, the Company’s President and  Chief Operating Officer at a total price of $22,500.  This sales price  approximated the Company’s cost.

Page 48
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

** NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**19.   Segment Information  :**

           The Company’s operations are classified into three principal reportable  segments that provide slightly different products or services.

 

 

NANOTECH

 

SBOA

 

EBT

 

All Other

 

Total

 

 

 

 

 

 

 

 

 

 

 

2001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$           1,091,951 

 

$          1,982,245 

 

$           10,000 

 

          $                   -   

 

 $ 3,084,196 

Interest Expense

 

9,870 

 

 4,083 

 

 696  

 

 196,288 

 

 210,937 

Depreciation and

 

 

 

 

 

 

 

 

 

 

   Amortization

 

 202,340 

 

 93,863 

 

 400,087 

 

 10,420 

 

 706,710 

Research and

 

 

 

 

 

 

 

 

 

 

    Development

 

612,415 

 

 -   

 

1,756,329 

 

 -   

 

2,368,744 

Profit (Loss)

 

(1,212,846)

 

(230,789)

 

(2,481,060)

 

(1,156,864)

 

 (5,081,559)

Assets

 

569,719 

 

911,407 

 

217,267 

 

140,662 

 

 1,839,055 

Capital Expenditures

 

18,428 

 

17,790 

 

236,970 

 

9,403 

 

 282,591 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2000

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

           332,961 

 

          2,257,013 

 

           112,844 

 

                22,012 

 

  2,724,830 

Interest Expense

 

 8,549 

 

 12,595 

 

 -   

 

 47,052 

 

 68,196 

Depreciation and

 

 

 

 

 

 

 

 

 

 

   Amortization

 

 119,158 

 

 278,815 

 

 124,994 

 

 21,827 

 

 544,794 

Research and

 

 

 

 

 

 

 

 

 

 

    Development

 

 887,933 

 

 -   

 

 1,732,690 

 

 -   

 

 2,620,623 

Impairment Charge

 

 -   

 

 639,761 

 

 712,500 

 

 486,000 

 

 1,838,261 

Profit (Loss)

 

 (1,567,769)

 

 (1,058,660)

 

 (3,457,843)

 

 (1,586,742)

 

 (7,671,014)

Assets

 

 370,547 

 

 814,114 

 

 380,809 

 

76,095 

 

 1,641,565 

Capital Expenditures

 

 2,452 

 

44,678 

 

 285,803 

 

6,996 

 

339,929 

           Financial information is furnished to the chief operating officer for review  regarding each subsidiary of the Company.

           The NANOTECH (previously identified as Field Emission Picture Element  Technology, Inc.) segment consists of the activities of NANOTECH and includes  license revenues and contract research revenues related to NANOTECH’s  technology.  In  both years, virtually all NANOTECH revenues were contract  research revenues.  The SBOA segment consists of the activity of SBOA which is  the manufacture and installation of custom signage, including electronic,  neon, static, and other types of signage.  The Company’s EBT subsidiary sells  electronic display products, installs electronic display products on customer  premises under agreements to share in advertising revenue, sells advertising  on displays, and licenses its products or technology to others.  The majority  of EBT’s revenue in both years was from the sale of advertising and the sale  of electronic display products.  All other segments include the Company’s  general overhead.

           The accounting policies applied by each of the segments are the same as those  used by the Company.
   
Page 49
       
**SI DIAMOND  TECHNOLOGY, INC.  AND SUBSIDIARIES**

**NOTES TO  CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED)**

**20.   Research and  Development Contracts :**

           The Company makes significant expenditures for  research and development.  On occasion, the Company may seek funding for a  portion of its research and development costs to reduce the cost of such  expenditures to the Company.  The Company only seeks funding for projects that  it already intended to do, or for projects that would apply its technology for  other uses in instances where that application would allow the Company to  achieve technical milestones that were already part of its goals.  A  substantial portion of the Company’s funded research has been from  government contracts.  Under government contracts, the government has the right  to utilize the results for its purposes and the Company has the right to  utilize the technology for commercial purposes.   Generally, when the  Company contracts with other entities, the entity is also conducting its own  internal research related to application of the Company’s technology to its  products and such expenditures by the entity may exceed the amount of funding  provided to the Company.  Usually the entity has the right to license the  technology at the conclusion of the project, if they desire.  The costs of a  particular research program may significantly exceed the funding received,  however since the research was part of planned research, these contracts  generally involve only nominal additional costs to the Company.  For financial  statement purposes, the Company considers the cost of the contracts to be  equal to the revenue received.

The following schedule summarizes  certain information with respect to research and development contracts:
**2001****2000**
Contract research revenues.

 $

1,091,951

$

  352,341

Costs incurred charged to operations

  $

859,199

$

  352,341

Amount of additional funding  commitments

  $

269,013

$

  582,333

**21.   Retirement Plan :**

           The Company sponsors a defined contribution 401k  profit sharing plan.  No company contributions were made in either 2001 or  2000.

**22.   Subsequent Events  :**

           Effective January 2002, the Company entered into a contract with a large  Japanese display manufacturer to perform contract research related to the  Company’s technology.  A payment of $500,000 was received in January 2002.

           In February 2002, the Company changed the name of one its  subsidiaries.  Field  Emission Picture Element Technology, Inc.  changed its name to Applied  Nanotech, Inc.  to better reflect the nature of its business.
   
Page 50
       
**Item 8.  *Changes in and  Disagreements with Accountants on Accounting and Financial Disclosure.***

                 On November 19, 2001, SI Diamond Technology, Inc.  (the “Registrant”)  notified McGladrey & Pullen, LLP  that they would no longer be the  auditor for the Registrant.  At the same time, Sprouse & Winn, L.L.P.  was  appointed by the Company’s audit committee as the Registrant’s new auditor  effective November 19, 2001.  The Auditor’s reports from McGladrey &  Pullen, LLP  for the Registrant’s last fiscal years did not contain an  adverse opinion or a disclaimer of opinion, and were not qualified as to audit  scope or accounting principles.   However, the auditor’s report for the  last fiscal years was modified regarding the uncertainty of the Registrant’s  ability to continue as a going concern.  WallaceSanders & Company audited  the 1999 financial statements.  WallaceSanders & Company merged with  McGladrey & Pullen, LLP.  McGladrey & Pullen, LLP was appointed by the  Company’s audit committee as the Registrant’s new auditor effective  September 6, 2000.  During 1999 and 2000 and the subsequent interim period  preceding the change, there have been no disagreements with either McGladrey  & Pullen, LLP or WallaceSanders & Company on any matter of accounting  principles or practices, financial statement disclosure, or auditing scope or  procedure.

                 Effective January 1, 2002, Sprouse & Winn, L.L.P.  changed its name to  Sprouse & Anderson, L.L.P.
     
 

 

Page 51
       
**PART III**

**Item 9.     *Directors,  Executive Officers, Promoters and Control Persons; Compliance with Section  16(a) of the Exchange Act***

                     The following sets forth the names, ages and certain information concerning  the Directors of SI Diamond.   Additional information on Marc W.  Eller and  Dr. Zvi Yaniv and all information concerning executive officers may be found  under the caption "EXECUTIVE OFFICERS" on page 9 of this Annual  Report on Form 10-KSB.

Name 

Age

Class

Position

Director Since

Term Expires
 
Charles C.  Bailey

  53

  I  

Director

November  1999

  2003

David R.  Sincox

63

  I  

Director

October  1994

  2003

Dr. Zvi Yaniv

55

  I  

 Director, President,   Chief Operating  Officer

July  1996

2003

Philip C.  Shaffer

65

  II 

Director

March  1992

  2002

Eddie  Lee

  39

  II 

Director

October  2001

  2002

Adam  Dunayer

  34

  II 

Director

January  2002

  2002

Marc W.  Eller

  46

III

 Director, Chairman,  Chief Executive Officer

November  1995

  2002

Ronald J.  Berman

  45

  III

Director

May  1996

  2002

______________________

                 Mr. Bailey has been an attorney in private practice since 1995.  Prior to that  Mr. Bailey had a 20-year career in government.  Positions held include  Assistant Criminal District Attorney and Chief Prosecutor in Lubbock  County,  Texas; General Counsel for the Texas Department of Public  Safety; Assistant General Counsel for Governor Bill Clements; and Director of  Legal Services and Franchise Taxes for the Texas State Comptroller’s  Office.  His last position with the state of Texas, from 1993 to 1995, was Executive  Assistant and General Counsel to Lt.  Governor Bob Bullock.

                     Mr. Sincox has been a Director of the Company since October 1994.  From 1987  through 2000, Mr. Sincox  served as the Vice President of Administration  of Ref-Chem Construction Corporation, an engineering and construction firm.  Since January 2001,  Mr. Sincox has been President of Clear Lake Business  Services, Inc.  a consulting firm.  Mr. Sincox is also a member of the Board of  Directors of Maxim Bank.

                     Mr. Shaffer has been a Director of the Company since March 1992.  Since 1977,  Mr. Shaffer has worked as a self-employed consultant in the field of aerospace  technology and management, with an emphasis in business acquisition.  Mr. Shaffer also serves as the General Partner of an oil and gas development  partnership with a total capitalization of approximately $1.2 million.  Prior  to 1977, Mr. Shaffer worked for 13 years in the National Aeronautics and Space  Administration in a series of positions including Flight Dynamics Officer,  Apollo and Skylab Flight Director, Special Assistant to the Director of the  Johnson Space Center, and Manager of Space Shuttle Operations.

                     Mr. Lee is Chairman and CEO of Pacific Northern, Inc., a Company that he  founded in 1987.   Pacific Northern, Inc.  is the largest visual display  company serving the retail jewelry industry.

                     Mr. Dunayer is currently a self-employed consultant.  From 1999 to 2001, Mr. Dunayer was a Managing Director of Bear Stearns, & Co.,  Inc.  where he  coordinated the Southwest Technology, Inc.  Investment Banking Practice.  From  1996 to 1999, Mr. Dunayer was Chief Financial Officer of Miller Industries, a  public Company with $500 million of annual revenue and President of its  largest division.

Page 52
       
                     Mr. Berman has been a Director since May 1996.  Mr. Berman co-founded BEG  Enterprises, Inc.  with Marc W.  Eller and was its President from 1989 until  1998.   Mr. Berman currently is President of R.J.  Berman Enterprises,  Ltd., a real estate development company, Inergi Fitness, and Walkers Warehouse.  Mr. Berman earned a Juris Doctor degree in 1980 from the University  of Detroit.  Prior to 1989, Mr. Berman was an attorney in private practice.

                     The Board of Directors has three committees.  The audit committee consists of  Mr. Sincox and Mr. Bailey.  The compensation committee consists of Mr. Shaffer  and Mr. Berman.  The executive committee consists of Mr. Eller, Mr. Yaniv, and  Mr. Shaffer.

**Section 16(a)  Beneficial Ownership Reporting Compliance**

                     Section 16(a) of the Securities of Exchange Act of 1934 requires SI Diamond’s  officers, and Directors, and persons who beneficially own more than 10 % of a  registered class of SI Diamond’s common stock, to file reports of ownership  and changes in ownership with the Securities and Exchange Commission and  NASDAQ.  Officers, Directors, and beneficial owners of more than 10% of SI  Diamond’s common stock are required by the Securities and Exchange  Commission regulations to furnish SI Diamond with copies of all Section 16(a)  forms that they file.

                     Director David Sincox failed to file  a Form 4 when due in October 2001.  The unreported purchase of securities was  reported on an amended Form 5 in 2002.  Based solely on review of the copies of  such reports furnished to us, or written representations that no reports were  required, we believe that for the period from January 1, 2001 through December  31, 2001, all other Officers, Directors, and greater than 10% beneficial  owners complied with all Section 16(a) filing requirements applicable to them.
   
Page 53
       
**Item 10.     *Executive Compensation***

                     The following table sets forth the total cash compensation paid or to be paid,  as well as certain other compensation paid or accrued, for services rendered  during the fiscal years ended December 31, 2001, 2000 and 1999 by the Chief  Executive Officer and all executive officers whose total annual salary and  bonus exceeded $100,000 for the fiscal year ended December 31, 2001 (the  "Named Executive Officers"):

**SUMMARY  COMPENSATION TABLE**

Annual        Compensation

Long-Term        Compensation

Name and Principal Position

Year

Salary($)

Bonus($)

Other        Annual        Compensation($)(1)

Securities        Underlying        Options(#)

Marc W.  Eller,

2001

$150,000

   -0-

-0-                

-0-          

Chief Executive Officer

2000

$170,833

   -0-

-0-                

230,000     

 

1999

$168,750

$111,250

-0-                

250,000     

  

Zvi Yaniv, President and

2001

$150,000

-0-

$5,789              

-0-          

Chief Operating Officer

2000

$170,833

-0-

$3,205              

230,000     

 

1999

$175,000

$125,000

$3,205              

150,000     

______________________

 (1)           No Named Executive Officers received perquisites that exceeded in value the  lesser of $50,000 or 10% of such officers' salary and bonus.  Dr. Yaniv  was  provided use of a Company owned automobile valued at $ 3,205  in  2001, 2000 and 1999.  In 2001, Dr. Yaniv received a non-interest  bearing advance in the amount of $150,000 from the Company.  This transaction  is described in greater detail in Item 12.  “Certain Relationships and  Related Transactions”.  Dr. Yaniv received a benefit of $2,584 related to  imputed interest on this transaction.

**Employment  Agreements**

                     The Company has entered into an employment agreement with its president and  chief operating officer.  The agreement calls for an annual base salary of  $150,000 and for the Company to provide a vehicle for his use.  The agreement  can be terminated by either party with or without cause with 30 days notice.  If the agreement is terminated by the Company without cause, the Company is  obligated to pay severance equal to nine months salary.

**STOCK OPTION GRANTS  IN  FISCAL YEAR 2001**

                     SI Diamond has an Amended and Restated 1992 Employee Stock Option Plan, which  may be used to grant employees, including officers of SI Diamond, incentive  stock options designed to qualify under Section 422 of the Internal Code of  1986, or non-qualified stock options.  SI Diamond also established the 1998  Directors and Officers Stock Option Plan, which may be used to grant  non-qualified stock options to officers and directors of SI Diamond.  No  options were granted to executive officers in 2001.

 

Page 54
       
**AGGREGATED OPTION EXERCISES IN  2001  AND OPTION VALUES AT DECEMBER 31,  2001**

                 The following table sets forth certain information concerning the number and  intrinsic value of the options held by the named executives at December 31,  2001.  Year-end values are based on the closing price of $0.77 per share of the  common stock on December 31, 2001, on the NASDAQ OTC Bulletin Board System.  They do not reflect the actual amounts, if any, which may be realized upon the  future exercise of remaining stock options and should not be considered  indicative of future stock performance.
Number        of        Unexercised        Securities        Underlying        Options at        December 31, 2001Value        of        Unexercised        In-the-Money        Options at        December 31, 2001\NameShares        Acquired        on ExerciseValue        RealizedExercisable/        UnexercisableExercisable/        Unexercisable
Marc W.  Eller

0

0

200,000 /  0

 $0 / $0

Dr. Zvi Yaniv

  0

0

1,550,000 / 0

 $502,650 / $0

**DIRECTOR COMPENSATION FOR 2001**

Name(1) Director Compensation        Meeting Fees ($)(2)Security Grants in 2001        Number of Securities Underlying Options (#)(3)
 

  David R.  Sincox

 $  650

  50,000

  Philip C.  Shaffer

 $  800

  50,000

  Ronald J.  Berman

 $  750

  50,000

  Eddie  Lee

  $  100

 -0-

  Charles C.  Bailey

 $  550

  50,000

_________________

(1)               Directors who are also executives of SI Diamond are not listed in the above  table.  They do not receive compensation as Directors.  Refer to the Summary  Compensation Table for information concerning their compensation.

(2)                All Directors receive $150 per board meeting or committee meeting attended in  person, and $50 per telephonic meeting.  Reasonable expenses incurred by each  Director in connection with his duties as a Director are also reimbursed by SI  Diamond.  This amount is not reflected in the above table.

(3)                All  of SI Diamond’s outside Directors participate in the  Amended  and Restated 1992 Outside Directors Stock Option Plan, under which SI Diamond  may grant stock options to any Director who is not a full time salaried  employee of the Company.  On April 23, 2001, each Director at that time was  granted a discretionary grant of  30,000 options under this plan at a  price of $1.00 per share.  On July 30, 2001, each Director at that time was  granted an automatic grant of 20,000 options under this plan at a price of  $1.00.  All grants in 2001 became exercisable in full on the date of the grant.

                   All  of the Directors have retained the right to pursue additional business  activities that are not competitive with the business of SI Diamond, and do  not adversely affect their performance as Directors.  If, as and when conflicts  of interest arise, the nature of the conflict must be fully disclosed to the  Board of Directors, and the person who is subject to the conflict must abstain  from participating in any decision that may impact on his conflict of interest.  Except for this disclosure and abstention policy, the Directors will  not be in breach of any fiduciary duties owed to SI Diamond or the  shareholders by virtue of their participation in such additional business  activities.

Page 55
            
**TEN-YEAR OPTION  REPRICINGS TABLE**

The Named Executive  Officers listed in the table below had the identified stock option grants  repriced during the Company’s fiscal years ended December 31, 1992 through  2001.

** **

Name

Date

Number of        Securities        Underlying        Options        Repriced or        Amended(#)

Market Price        of Stock        at time of        Repricing or        Amendment($)

Exercise        Price        at time of        Repricing or        Amendment($)

New        Exercise        Price ($)

Length        of        Original        Option term        Remaining        at Date of        Repricing or        Amendment(1)
 
Marc W.  Eller,

 

 

 

 

 

 

Chief Executive

 

 

 

 

 

 

Officer

 5/11/98

67,500       

$0.25  

$3.00  

$0.375

8 yr., 6 mnths

 

 5/11/98

22,500       

$0.25  

$2.00  

$0.375

8 yr., 6 mnths

 

 5/11/98

20,000       

$0.25  

$1.125

$0.375

9 yr., 3 mnths

 

 7/28/97

22,500       

$1.125

$3.00  

$2.00  

9 yr., 3 mnths

 

 

 

 

 

 

 

Dr. Zvi Yaniv,

 

 

 

 

 

 

President and

 

 

 

 

 

 

Chief Operating

 

 

 

 

 

 

Officer

 4/18/01

30,000       

$0.94  

$2.75  

$1.50  

8 yr., 9 mnths

 

 5/11/98

750,000       

$0.25  

$4.00  

$0.375

8 yr., 0 mnths

 

 5/11/98

250,000       

$0.25  

$2.00 

$0.375

8 yr., 0 mnths

 

 5/11/98

20,000       

$0.25  

$1.125

$0.375

9 yr., 3 mnths

 

 7/28/97

250,000       

$1.125

$4.00  

$2.00  

8 yr., 9 mnths

 

10/17/96

1,000,000       

$1.50  

(2)

$4.00  

9 yr., 7 mnths
 
(1)

The original ten-year terms and the vesting  schedules of each grant repriced were not changed with the repricing of the  options listed in this table.

(2)

 Prior to repricing, the  options in this grant were to be priced at the market price on the vesting  date of the options granted.  The  100,000 options of this grant that had vested at June 1, 1996 were priced at  $5.00 per share of common stock.  No  other options pursuant to this grant had vested as of the repricing  date.

                 The options for the above referenced Named Executive Officers that were  repriced in 2001 were part of a plan approved by the Board of Directors on  April 18, 2001.  On that date all options held by employees of the Company at  that date, including the above referenced Named Executive Officers, were  repriced to reduce the exercise price to $1.50 per share.  As of that date the  Company’s common stock was trading at $0.94 per share.  The options were  repriced to provide greater motivation to the employees that had remained with  the Company.  The Board of Directors believed that the substantial decline in  the price of the Company’s common stock was the result of many factors that  were not related to the performance of the remaining employees.

                 The options for the above referenced Named Executive Officers that were  repriced in 1998 were part of a plan approved by the Board of Directors on May  11, 1998.  On that date all options held by the above referenced Named  Executive Officers were repriced to reduce the exercise price to $0.375 per  share.  As of that date the Company’s common stock was trading at $0.25 per  share.  The Board of Directors, on March 27, 1998, had previously reduced the  exercise price to $0.375 for all other employees of the Company as of that  date.  The market price of the Company’s common stock was $0.135 per share on  March 27, 1998.  The options were repriced to provide greater motivation to the  employees that had remained with the Company.  The Board of Directors believed  that the substantial decline in the price of the Company’s common stock was  the result of many factors that were not related to the performance of the  remaining employees.

Page 56
       
                 The options that were repriced in 1997 for the above referenced Named  Executive Officers were repriced as part of a plan approved by the Board of  Directors on July 28, 1997.  On that date, 25% of all options held by employees  employed by the Company on that date that had an exercise price in excess of  $2.00 per share were changed to reduce the exercise price to $2.00.  As of that  date the Company’s common stock was trading at $1.125 per share.  The options  were repriced to provide greater motivation to the employees that had remained  with the Company.  The Board of Directors believed that the substantial decline  in the price of the Company’s common stock was the result of many factors  that were not related to the performance of the remaining employees.

Marc W.  Eller  Philip C.  Shaffer  David R.  Sincox                                                     Directors                                                March 7, 2002  Ronald J.  Berman  Chuck Bailey  Dr. Zvi Yaniv  Eddie Lee  Adam Dunayer

 

 

 

Page 57
       
**Item 11.     *Security Ownership of  Certain Beneficial Owners and Management***

**CERTAIN BENEFICIAL  OWNERS**

The following table sets  forth certain information with respect to the beneficial ownership of shares  of each class of the SI Diamond’s voting stock as of March 7, 2002, by each  person known to be the beneficial owner of 5% or more of the outstanding  voting stock of each such class.  For the purposes of this Annual Report on  Form 10-KSB, beneficial ownership of securities is defined in accordance with  the rules of the SEC to mean generally the power to vote or dispose of  securities, regardless of any economic interest therein.

           

 Title of Class

Name and Address        of Beneficial Owner

Shares Owned        Beneficially

Percent of        Class

Common Stock

None

-

- 

Series G Preferred        Stock

William W.  Gow        4747 Sunset Blvd.        Los Angeles, CA 90027

100

11.76%

SCG Cellular        8584 Katy Freeway, Suite 300        Houston, TX  77024

50

  5.89%

Chris Lawson        3737 Glenwood Ave, Suite 400        Raleigh, NC  27612

50

  5.89%

Steve Aiello        38984 Santa Barbara        Clinton Township, MI 48036

50

  5.89%

Peerless Distributing        21700 Northwestern Highway,        Suite 1160        Southfield, MI 48075

50

  5.89%

ARA Services        29844 High Valley Court        Farmington Hills, MI 48331

50

  5.89%

Nicholas Martin Living Trust        3113 South University Dr., #600        Ft.  Worth, TX 76109

200

23.52%

Klaich Animal Hospital Ltd.        Amended Profit Sharing        Retirement Plan and Trust        1990 South Virginia Street        Reno, NV  89502

100

11.76%

Michael Scott Blechman Family        Trust        295 Shadowood Lane        Northfield, IL 60093

200

23.52%

 

Page 58
       
**Security Ownership of Management**

               Set forth below is certain information with respect to beneficial ownership of  SI Diamond’s common stock as of March 7, 2002, by each Director, each Named  Executive Officer and by the directors and executive officers as a group.  Unless otherwise indicated, each person or member of the group listed has sole  voting and investment power with respect to the shares of common stock listed.
**Name**
**Common Stock  Beneficial          Ownership (1) **
**Percentage          of Class**  Philip C.  Shaffer  662,702                 *           David R.  Sincox 465,000                 *           Charles C.  Bailey   93,333               *           Marc W.  Eller   646,296                 *           Adam  Dunayer  5,000                 *           Ronald J.  Berman  1,310,222                 1.94%        Dr. Zvi  Yaniv    1,586,000                 2.32%        All Executive Officers and  Directors as a group (10  persons)  5,423,553                 7.66%      
 

_________________________

*

 Less than 1%

 (1)

  Included in the amounts indicated are shares that are subject to options  exercisable within sixty (60)-days of March 7, 2002 pursuant to Rule  13d-3(d)(1) of the Exchange Act.  The number of such shares are 550,000 for Mr.  Shaffer; 340,000 for Mr. Sincox; 464,383 for Mr. Berman; 1,550,000 for Mr. Yaniv; 93,333 for  Mr. Bailey; 200,000 for Mr. Eller; and 3,982,716 for the  Directors and executive officers as a group.
****
Page 59
       
**Item 12.  *Certain Relationships  and Related Transactions***

              In October 1998, EBT  entered into a Patent Assignment and Royalty Agreement with Advanced  Technology Incubator, Inc., (“ATI”) a corporation based in Austin, Texas  and owned by Dr. Zvi Yaniv, the Company’s President and Chief Operating  Officer.  Under the terms of the agreement, ATI agreed to assign U.S.  Patent No.  5,469,187 related to certain LCD technology to EBT in exchange for an  initial payment of $200,000.  In addition, ATI is entitled to receive a royalty  of 5% of gross revenue related to products using this patent.  EBT intends to  use this technology in the development of its next generation display products.  EBT may terminate this assignment at any time upon 30 days written  notice to ATI.  The assignment may be terminated by ATI if, within two years of  the first sale or lease of a display unit using this technology, cumulative  royalty payments under the agreement have not totaled $500,000, or if payments  do not equal $500,000 in any one-year period following this initial two-year  period.  If the assignment is terminated by ATI, EBT will be granted a  non-exclusive worldwide license to use the technology under terms similar to  those contained in this agreement.

              ATI had the right to  terminate this agreement if the initial payment was not received by February  15, 1999.  This date was extended in a series of quarterly extensions that  allowed the extension in exchange for a partial payment to be applied against  the initial amount due.  A total of $50,000 in payments were made in 1999,  $37,500 in 2000 and the remaining $112,500 in 2001.

              In July 2001, the  Company made a non-interest bearing advance to Dr. Zvi Yaniv, the Company’s  President and Chief Operating Officer in the amount of $150,000.  A total of  $87,500 of this was repaid to the Company in December 2001 by offsetting it  against the remaining amount due on the previously described Patent Assignment  and Royalty Agreement with ATI.  The remaining $62,500 is outstanding as of  December 31, 2001.  While there are no fixed repayment terms, the Company  expects repayment in 2002.

              During 2000, the Company  sold electronic display units to Dr. Zvi Yaniv, the Company’s President and  Chief Operating Officer at a total price of $22,500.  This sales price  approximated the Company’s cost.

**Item 13.      *Exhibits  and Reports on Form 8-K***

(a)        Exhibits: See Index to Exhibits on page 62 for a descriptive response  to this item.

(b)        Reports on Form 8-K:

(1)      Current Report on Form 8-K (Item 4) dated as  of  November 19, 2001
     
 

 

 

 

Page 60
       
**SIGNATURES**

              In accordance with Section 13 or  15(d) of the Exchange Act, the registrant has caused this report to be signed  on its behalf by the undersigned, thereunto duly authorized.

SI DIAMOND TECHNOLOGY, INC.

By:    //s//Marc W.  EllerMarc W.  Eller,  Chief Executive Officer  March 8, 2002

              In accordance with the Exchange Act  this report has been signed by the following persons on behalf of the  registrant and in the capacities and on the dates indicated.

Signature

 Title

 Date

//s//* *Marc W.        EllerMarc W.  Eller 

Chairman, Chief  Executive   Officer (Principal Executive Officer and        Director)

  March 7, 2002

//s// Douglas P.  BakerDouglas P.  Baker 

  Vice President  andChief Financial Officer (Principal Financial Officer)

 March 7, 2002

//s// Tracy VaughtTracy  Vaught 

  Vice President andChief Accounting Officer(Principal Accounting Officer)

 March 7, 2002

Philip C.  Shaffer*  David R.  Sincox*  Eddie Lee*  Ronald J.  Berman*   Charles G.  Bailey*  Adam Dunayer*  Dr. Zvi Yaniv*            

  Directors

 March 7, 2002

*By:          //s// Douglas P.  Baker                             (Douglas  P.  Baker,                   Attorney-in-Fact)

** **

Page 61
       
**INDEX TO EXHIBITS**

The exhibits indicated by an asterisk  (*) have been previously filed with the Securities and Exchange Commission and  are incorporated herein by reference.

EXHIBIT NUMBER

 DESCRIPTION OF        EXHIBIT

2.1*

Asset Purchase Agreement, dated        as of August 31, 1999, by and among the Company, SIDT, Inc., Sign        Builders of America, Inc., Sign Builders, Inc. and Lance Adams. (Exhibit        2.1 to the Company’s Current Report on Form 8-K dated as of September        3, 1999).

3(I).1*

Restated Articles of        Incorporation of Company, as filed December 9, 1999 with the Secretary        of State for the State of Texas (Exhibit 3(I).1 to the Company's Annual        Report on Form 10-KSB for the fiscal year ended December 31, 1999).

3(II).1*

Amended and Restated Bylaws of        the Company (Exhibit 3(II) to the Company’s Quarterly Report on Form        10-QSB for the fiscal quarter ended March 31, 1996).

4.1 *

Form of Certificate for shares        of the Company's common stock (Exhibit 4.1 to the Company's Registration        Statement on Form SB-2[No.33-51446-FW] dated January 7, 1993).

4.2*

Form of Warrant by and between        the Company and the Holders of the Company’s Series G Preferred Stock        (Exhibit 4.3 to the Company’s Current Report on Form 8-K dated as of        July 25, 1997).

4.3*

Amended and Restated Rights        Agreement dated as of November 16, 2000, between the Company and        American Securities Transfer, Incorporated, as Rights Agent, which        includes as Exhibit A the form of Statement of Resolution establishing        and designating series of preferred stock as “Series  H Junior        Participating Preferred Stock” and fixing and determining the relative        rights and preferences thereof, as Exhibit B the form of Rights        Certificate, and as Exhibit C the Summary of Rights to Purchase        Preferred Shares. (Exhibit 4.1 to the Company’s Current Report on Form        8-K dated as of November 16, 2000).

4.4*

Form of Regulation D        Subscription agreement by and between the Company and the participants        of private placements (Exhibit 4.8 to the Company’s Annual Report on        Form 10-KSB for the year ended December 31, 2000)

4.5*

Form of Registration Rights        Agreement by and between the Company and the participants of private        placements (Exhibit 4.9 to the Company’s Annual Report on Form 10-KSB        for the year ended December 31, 2000)

4.6

Form of Secured Convertible        Promissory Note between the Company as maker and the private lenders to        the Company.

10.1*

Employment Agreement between        the Company and Dr. Zvi Yaniv dated as of May 31, 1996 (Exhibit 10.1 to        the Company’s report on Form 10-QSB for the fiscal quarter ended        September 30, 1996).

10.2

Amendment, dated April 29,        1999,  to Employment Agreement between the Company and Dr. Zvi        Yaniv dated as of May 31, 1996

10.3*

Amended and Restated 1992        Outside Directors’ Stock Option Plan (Exhibit 4.2 to the Company’s        Registration Statement on Form S-8 [No. 333-56547] dated June 9, 1998).

10.4*

1998 Directors and Officers        Stock Option Plan (Exhibit 4.3 to the Company’s Registration Statement        on Form S-8 [No. 333-56547] dated June 9, 1998).

10.5*

Amended and Restated 1992 Stock        Option Plan (Exhibit 4.1 to the Company's Registration Statement on Form        S-8 [No. 333-56457] dated June 9, 1998)

10.6*

Patent Assignment and Royalty        Agreement between Electronic Billboard Technology, Inc.  and Advanced        Technology, Incubator, Inc. dated as of October 6, 1998. (Exhibit 10.18        to the Company’s Current Report on Form 10-KSB dated as of March 31,        1999).

10.7*

Agreement on Phase 2 between        Field Emission Picture Element Technology, Inc., and Diamond Pro-Shop        Nomura dated as of January 21, 1999. (Exhibit 10.20 to the Company’s        Current Report on Form 10-KSB dated as of March 31, 1999).
     
Page 62
       
EXHIBIT NUMBER

DESCRIPTION OF        EXHIBIT

10.8*

Lease agreement between the        Company and Industrial Properties Corporation dated as of June 2, 1998. (Exhibit 10.2 to the Company’s Current Report on Form 8-K dated as of        December 7, 1998).

10.9*

Patent License Agreement, dated        as of March 26, 1999, by and between the Company and Canon, Inc. (Exhibit 10.1 to the Company’s amended Current Report on Form 8-K/A        dated as of April 16, 1999).

10.10*

Asset Purchase Agreement, dated        as of October 21, 1999, by and between the Company and Diamond.com, LLC.        (Exhibit 10.1 to the Company’s Current Report on Form 8-K dated as of        October 21, 1999).

10.11*

Form of Lease Agreement by and        between Electronic Billboard Technology, Inc. and Eckerd Corporation        (Exhibit 10.1 to the Company’s Current Report on Form 8-K dated as of        January  21, 2000)

10.12*

Form of Lease Agreement by and        between Electronic Billboard Technology, Inc. and Eckerd Corporation        dated February 25, 2001 (Exhibit 10.16 to the Company's Annual Report on        Form 10-KSB for the fiscal year ended December 31, 2000).

10.13*

Agreement of Research and        Development by and between the Applied Nanotech, Inc. (formerly Field        Emission Picture Element Technology, Inc.) and Futaba Corporation        (Exhibit 10.1 to the Company’s Current Report on Form 8-K dated as of        January  1, 2001)

10.14

Agreement of Research and        Development by and between the Applied Nanotech, Inc. (formerly Field        Emission Picture Element Technology, Inc.) and Futaba Corporation for        Phase II development

10.15*

Agreement for HyFEDTM        Development Team Phase II by and between Field Emission Picture Element        Technology, Inc. and Electrovac Ges.m.b.H. (Exhibit 10.2 to the Company’s        Current Report on Form S-2 date August 24, 2001)

10.16*

Agreement for HyFEDTM        Development Team Phase II by and between Field Emission Picture Element        Technology, Inc. and Imaging System Technology, Inc. (Exhibit 10.3 to        the Company’s Current Report on Form S-2 date August 24, 2001)

10.17*

Agreement for HyFEDTM        Development Team Phase II by and between Field Emission Picture Element        Technology, Inc. and Supertex, Inc. (Exhibit 10.4 to the Company’s        Current Report on Form S-2 date August 24, 2001)

10.18*

Agreement for HyFEDTM        Development Team Phase II by and between Field Emission Picture Element        Technology, Inc. and Schott Fiber Optics. (Exhibit 10.5 to the Company’s        Current Report on Form S-2 date August 24, 2001)

10.19*

Agreement for HyFEDTM        Development Team Phase II by and between Field Emission Picture Element        Technology, Inc. and Lead Sangyo Co., Ltd. (Exhibit 10.6 to the Company’s        Current Report on Form S-2 date August 24, 2001)

10.20*

Agreement for HyFEDTM        Development Team Phase II by and between Field Emission Picture Element        Technology, Inc. and Shanghai Novel Color Picture Tube Co., Ltd. (Exhibit 10.7 to the Company’s Current Report on Form S-2 date August        24, 2001)

10.21*

Agreement for HyFEDTM        Development Team Phase II by and between Field Emission Picture Element        Technology, Inc. and Shanghai Vacuum Electron Devices Co., Ltd. (Exhibit        10.8 to the Company’s Current Report on Form S-2 date August 24, 2001)

10.22*

Letter on change in certifying        accountant (Exhibit 16 to the Company’s Current Report on Form 8K        dated November 21, 2001)

10.23

Memorandum of Understanding        dated February 20, 2002 between Electronic Billboard Technology, Inc. and Jake Schroepfer

10.24

Agreement for use and        non-disclosure of confidential and proprietary information dated        February 20, 2002 between SI Diamond Technology, Inc. and Jake        Schroepfer

11

Computation of (Loss) per        Common Share.

21

Subsidiaries of the Company.

24

Powers of Attorney.

** **

Page 63 |
|---------------------------------|--|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|