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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Note 19. SUBSEQUENT EVENTS

On January 1, 2012, the Company issued 61,000 stock options to employees and 28,000 stock options to consultants. The strike price is $2.22, with a vesting date of December 31, 2012 and all expire December 31, 2016.

 

On March 19, 2012, the Company received a $5.0 million revolving line of credit (LOC) at 3.75% and a $1.4 million secured loan at the same interest rate. This combined credit access of $6.4 million replaces the existing $1.5 million LOC obtained last year and will be used for working capital requirements.