Epstein Secrets

llowance for sales returns, price protection and sales incentives. Revenue Recognition for Arrangements With Multiple Deliverables In October 2009, the Financial Accounting Standards Board ('FASB") amended the accounting standards for revenue recognition to remove tangible products containing software components and nonsoftware compon

accounts receivable when and if collection becomes doubtful. The Company has not recorded any allowance for doubtful accounts on customer accounts. Fair Value of Financial Instruments The Company's financial instruments consist principally of cash and cash equivalents, accounts receivable. accounts payable, and preferred stock wa

TA00293543 AliphCom Notes to Consolidated Financial Statements December 31, 2009 and 2008 Recently Issued Accounting Standards In January 2010, the Financial Accounting Standards Board (FASB) issued authoritative guidance related to additional requirements regarding disclosures of fair value measurements. The guidance requires the

receivable when and if collection becomes doubtful. To date, the Company has not recorded any allowance for doubtful accounts on customer accounts. Fair Value of Financial Instruments The Company's financial instruments consist principally of cash and cash equivalents, accounts receivable, accounts payable, and preferred stock wa

losses pursuant to these indemnification provisions and expects the risk of loss to be remote. Recent Accounting Pronouncement — In December 2011, the Financial Accounting Standards Board issued Accounting Standards Update 2011.11, Disclosures about Offsetting Assets and Liabilities ("ASU"). The ASU requires enhanced disclosures abou

fter January 1, 2013. The Company is currently evaluating the impact of these disclosures on its consolidated financial statements. 3. INVESTMENTS Fair Value of Financial Instruments — In accordance with FASB Accounting Standards Codification ("ASC") Topic 820 ("ASC Topic 820"), the Company defines fair value as "the price that w