Question-and-Answer Session
Operator
(Operator Instructions). Your first question is coming from Alex Hamilton of Jesup & Lamont. Please co ahead.
Alex Hamilton - Jesup & Lamont
Can you remind me -- and I think you mentioned it; I apologize for any oversight. Can you update us on the legal expenses? I know that was supposed to end sometime in March -- or is that still ongoing?
Ray Wilson
Yes. We have had the final hearing with the judge. We are now awaiting formal issuance on the damages phase. We are in a holding pattern until he does that.
We had expected we would have seen something now. It has already been five weeks since the hearing. In the meantime, there are some legal expenses that do continue in support of that, but certainly at a reduced rate from what we had before. But the next step is awaiting the judge's findings, and that is not anything that we control.
Alex Hamilton - Jesup & Lamont
Hi good morning gentlemen.
Ray Wilson
Good morning Alex.
Roman Ptakowski
Good morning Alex.
Alex Hamilton - Jesup & Lamont
Can you remind me -- I think you mention -- I apologize for any over sight. Can you update us on the legal expenses? I know that was supposed to end sometime in March or is that still ongoing>?
Ray Wilson
Roman will answer all of this Alex.
Roman Ptakowski
Yes. We've had the finally hearing with judge. We are now awaiting formal issuance on the damages faced. We are in a holding pattern, so he does that. We had expected that we were something now, its already been five weeks since the hearing. In the meantime there are some legal expenses as we continue our support of that, but certainly at a reduced rate from what we have before. But really the next step is awaiting the judges hearing and that's not something or excuse me, findings and that's not anything that we control.
Alex Hamilton - Jesup & Lamont
Now this forecast for profitability in the fourth quarter. Does a lot of that assume no legal expenses? Is that kind of what gets you there, or can you walk me through that a little bit, what the assumptions are?
John Long
Towards the back end into the year, and actually for the third and fourth quarter, we have right now in our forecast about a $300,000 estimated legal spend. Again, to Roman's point, somewhat difficult to predict. Again, to the extent that we can get a clarity there, we will, and we will naturally revise our forecast.
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