1
|
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Barry Honig
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ¨
(b) ¨
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF SHARES
|
5
|
SOLE VOTING POWER
1,688,712 (1)
|
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
50,000 (2)
|
EACH
REPORTING
|
7
|
SOLE DISPOSITIVE POWER
1,688,712 (1)
|
PERSON WITH
|
8
|
SHARED DISPOSITIVE POWER
50,000 (2)
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
1,738,712 (1)(2)
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.8% (1)(2)(3)
|
12
|
TYPE OF REPORTING PERSON*
IN
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(1)
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Excludes: (i) 1,086,539 shares of common stock issuable upon conversion of Series A Preferred Stock; (ii) 187,500 shares of common stock issuable upon the exercise of outstanding warrants; (iii) 1,788,461 shares of common stock held in UTMA accounts of Mr. Honig’s children, over which accounts Mr. Honig has no voting or dispositive power; and (iv) 125,000 shares of common stock issuable upon the exercise of outstanding warrants held in UTMA accounts of Mr. Honig’s children, over which accounts Mr. Honig has no voting or dispositive power. The Series A Preferred Stock and warrants may not be exercised and the holder may not receive shares of common stock such that the number of shares of common stock held by them and their affiliates after such exercise exceeds 4.99% of the then issued and outstanding shares of common stock. The percentage of ownership is therefore limited accordingly.
|
(2)
|
Includes 50,000 unissued shares of common stock issuable to the 401(k) plan of GRQ Consultants, Inc. (“GRQ”) in connection with a promissory note of the Issuer held by GRQ’s 401(k) plan. Excludes 1,250,000 shares of common stock issuable upon conversion of Series A Preferred Stock and 625,000 shares of common stock issuable upon the exercise of outstanding warrants held by GRQ’s 401(k) plan and GRQ’s Defined Benefit plan. The Series A Preferred Stock and warrants may not be exercised and the holder may not receive shares of common stock such that the number of shares of common stock held by them and their affiliates after such exercise exceeds 4.99% of the then issued and outstanding shares of common stock. The percentage of ownership is therefore limited accordingly. Barry Honig is the President of GRQ and in such capacity has voting and dispositive power over securities held by GRQ.
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(3)
|
Based on30,153,846 shares outstanding as of October 23, 2012.
|
1
|
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
GRQ Consultants, Inc.
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
|
(a) ¨
(b) ¨
|
3
|
SEC USE ONLY
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Florida
|
NUMBER OF SHARES
|
5
|
SOLE VOTING POWER
0
|
BENEFICIALLY
OWNED BY
|
6
|
SHARED VOTING POWER
50,000 (1)
|
EACH
REPORTING
|
7
|
SOLE DISPOSITIVE POWER
0
|
PERSON WITH
|
8
|
SHARED DISPOSITIVE POWER
50,000 (1)
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
50,000 (1)
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
0.17% (2)
|
12
|
TYPE OF REPORTING PERSON*
CO
|
(1)
|
Includes 50,000 unissued shares of common stock issuable to the 401(k) plan of GRQ Consultants, Inc. (“GRQ”) in connection with a promissory note of the Issuer held by GRQ’s 401(k) plan. Excludes 1,250,000 shares of common stock issuable upon conversion of Series A Preferred Stock and 625,000 shares of common stock issuable upon the exercise of outstanding warrants held by GRQ’s 401(k) plan and GRQ’s Defined Benefit plan. The Series A Preferred Stock and warrants may not be exercised and the holder may not receive shares of common stock such that the number of shares of common stock held by them and their affiliates after such exercise exceeds 4.99% of the then issued and outstanding shares of common stock. The percentage of ownership is therefore limited accordingly. Barry Honig is the President of GRQ and in such capacity has voting and dispositive power over securities held by GRQ.
|
(2)
|
Based on30,153,846 shares outstanding as of October 23, 2012.
|
(1)
|
Excludes: (i) 1,086,539 shares of common stock issuable upon conversion of Series A Preferred Stock; (ii) 187,500 shares of common stock issuable upon the exercise of outstanding warrants; (iii) 1,788,461 shares of common stock held in UTMA accounts of Mr. Honig’s children, over which accounts Mr. Honig has no voting or dispositive power; and (iv) 125,000 shares of common stock issuable upon the exercise of outstanding warrants held in UTMA accounts of Mr. Honig’s children, over which accounts Mr. Honig has no voting or dispositive power. The Series A Preferred Stock and warrants may not be exercised and the holder may not receive shares of common stock such that the number of shares of common stock held by them and their affiliates after such exercise exceeds 4.99% of the then issued and outstanding shares of common stock. The percentage of ownership is therefore limited accordingly.
|
(2)
|
Includes 50,000 unissued shares of common stock issuable to the 401(k) plan of GRQ Consultants, Inc. (“GRQ”) in connection with a promissory note of the Issuer held by GRQ’s 401(k) plan. Excludes 1,250,000 shares of common stock issuable upon conversion of Series A Preferred Stock and 625,000 shares of common stock issuable upon the exercise of outstanding warrants held by GRQ’s 401(k) plan and GRQ’s Defined Benefit plan. The Series A Preferred Stock and warrants may not be exercised and the holder may not receive shares of common stock such that the number of shares of common stock held by them and their affiliates after such exercise exceeds 4.99% of the then issued and outstanding shares of common stock. The percentage of ownership is therefore limited accordingly. Barry Honig is the President of GRQ and in such capacity has voting and dispositive power over securities held by GRQ.
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(3)
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Based on30,153,846 shares outstanding as of October 23, 2012.
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Date: October 24, 2012
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By:
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/s/ Barry Honig
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Barry Honig
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GRQ Consultants, Inc.
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Date: October 24, 2012
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By:
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/s/ Barry Honig
|
|
Barry Honig
President
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