Crucial 2012 Annual Report Download - page 261

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INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
(Continued)
For the years ended December 31, 2009, 2010 and 2011, the amortization expenses (classified under operating
expenses - research and development expenses) were $180,856, $723,422, and $723,422 respectively.
(11) Overdue Receivables
On January 23, 2009, Qimonda AG filed an application with the local court in Germany to open insolvency
proceedings. Consequently, full allowance for doubtful accounts was provided on all outstanding accounts
receivable from Qimonda AG totaling $3,345,946, which was originally classified under accounts receivable. Such
receivable, together with the related allowance for doubtful accounts, were reclassified to other assets - overdue
receivables.
(12) Short-term Loans
December 31,
2010 2011
Short-term borrowing from credit facility $ — 1,874,600
Annual interest rate $ — 0.9%-1.5%
As of December 31, 2010 and 2011, the unused credit facility for short-term loans amounted to $21,312,475 and
$23,770,142, respectively.
(13) Bonds Payable
Bonds payable as of December 31, 2010 and 2011, consisted of the following:
December 31,
2010 2011
Domestic unsecured corporate bonds $ 16,030,861 13,998,754
Less: current portion of bonds payable (2,039,083) (13,998,754)
Total $ 13,991,778 $ —