In recent months, some governmental agencies have lifted certain restrictions. We believe that we are the only vertically-integrated mobile satellite company. The appliqué-equipped gateways provide coverage over vast areas of the globe. Three of our subsidiaries hold our FCC licenses. We licensed and registered our second-generation satellites in France. To date, we have received terrestrial authorizations in various countries. Our most direct competition comes from other global MSS providers. Our largest global competitors are ORBCOMM, Inmarsat and Iridium. ORBCOMM owns and operates a fleet of low earth orbit satellites. We provide service in areas that are inadequately covered by these ground systems. These failures are commonly referred to as anomalies. In addition, we may face competition from new competitors or new technologies. As a result, we may not grow our customer base and revenue. Our indebtedness could restrict us from paying dividends to our shareholders. In some cases, these breaches originated from outside the United States. Any such collision could potentially expose us to significant losses. However, we may be wrong in this assessment. We hold certain licenses in each country where our ground infrastructure is located. Our inability to pay dividends may limit the market for our shares. We have depended substantially on Thermo to provide capital to finance our business.