This excerpt taken from the CLRT 10-Q filed Nov 6, 2008.
Interest Expense, net
Interest expense, net, totaled $5.7 million and $1.8 million for the nine months ended September 30, 2008 and 2007, respectively. Interest expense relates to borrowings under our credit arrangements with Safeguard and certain other lenders. The increase in interest expense is primarily related to higher average outstanding borrowings in the current period and the recognition of the value of common stock warrants issued to Safeguard in March 2008 as part of a new credit facility it entered with us. We recognized $3.6 million of interest expense related to the value of common stock warrants that we issued Safeguard in connection with the New Mezzanine Facility in the nine months ended September 30, 2008.