2.4.0.8106 - Disclosure - STOCK OPTIONS AND WARRANTStruefalsefalse1false
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2us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel| 1falsefalsefalse00<!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --><div> <div> <div style="WIDTH: 624px"> <p style="MARGIN: 0px"><strong>NOTE 6 - STOCK OPTIONS AND WARRANTS</strong></p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><em>Stock options</em></p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">HII currently has two stock option plans: (a) the 2005 Stock Incentive Plan reserved 10,000,000 common shares and 8,615,140 stock options have been granted through April 9, 2012, and (b) the 2012 Stock Incentive Plan reserved 10,000,000 common shares and 1,550,000 stock options have been granted through June 30, 2013. As of June 30, 2013, there are 1,743,000 options outstanding.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">During the six months ended June 30, 2013, no options were exercised or expired.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">During the six months ended June 30, 2013, 350,000 options were granted to an employee and valued at $41,720 using the Black-Scholes pricing model. The 350,000 options will vest based on achievement of certain revenue targets, none of which have been met as of June 30, 2013</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">During the six months ended June 30, 2013, 1,000,000 options were granted to an employee and director and valued at $178,237 using the Black-Scholes pricing model. The 500,000 options issued to the director vested immediately while the remaining 500,000 options vest monthly over a period of 24 months. </p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">Significant assumptions used in the valuation of the above options include the following:</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; MARGIN-TOP: 0px; WIDTH: 240px; TEXT-INDENT: 48px"> Expected term</p> <p style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -2px">5 years</p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; CLEAR: left; MARGIN-TOP: 0px; WIDTH: 240px; TEXT-INDENT: 48px"> Expected volatility</p> <p style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -2px"> 227.64% - 245.43%</p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; CLEAR: left; MARGIN-TOP: 0px; WIDTH: 240px; TEXT-INDENT: 48px"> Risk free interest rate</p> <p style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -2px"> 0.70% - 0.76%</p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; CLEAR: left; MARGIN-TOP: 0px; WIDTH: 240px; TEXT-INDENT: 48px"> Expected dividend yield</p> <p style="PADDING-LEFT: 48px; MARGIN: 0px; TEXT-INDENT: -2px"> 0.00%</p> <p style="CLEAR: left; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">Stock compensation expense recognized for the six months ended June 30, 2013 related to the above options and options granted in the prior year amounted to $102,569. Unrecognized compensation cost as of June 30, 2013 of $89,573 is expected to be recognized over a period of 2.5 years.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px"><em>Warrants</em></p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">On March 4, 2013, a warrant holder exercised warrants to purchase 375,000 common shares at an exercise price of $0.05, for total proceeds of $18,750. </p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">On May 23, 2013, a warrant holder exercised warrants to purchase 300,000 common shares at an exercise price of $0.10, for total proceeds of $30,000.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">On June 3, 2013, a warrant holder exercised warrants to purchase 25,000 common shares at an exercise price of $0.05, for total proceeds of $1,250.</p> <p style="MARGIN: 0px"><br /> </p> On June 21, 2013, the Company issued 200,000 warrants in conjunction with the forbearance of a noteholder concerning the note being paid in full two-months after the due date. The warrants have an exercise price of $0.28 and a term of 5 years. <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">The warrants were valued using the Black-Scholes pricing model. Significant assumptions used in the valuation include the following:</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; MARGIN-TOP: 0px; WIDTH: 240px"> Expected term</p> <p style="MARGIN: 0px; TEXT-INDENT: -2px">5 years</p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; CLEAR: left; MARGIN-TOP: 0px; WIDTH: 240px"> Expected volatility</p> <p style="MARGIN: 0px; TEXT-INDENT: -2px">215.84%</p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; CLEAR: left; MARGIN-TOP: 0px; WIDTH: 240px"> Risk free interest rate</p> <p style="MARGIN: 0px; TEXT-INDENT: -2px">1.42%</p> <p style="MARGIN-BOTTOM: -2px; FLOAT: left; CLEAR: left; MARGIN-TOP: 0px; WIDTH: 240px"> Expected dividend yield</p> <p style="MARGIN: 0px; TEXT-INDENT: -2px">0.00%</p> <p style="CLEAR: left; MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">The fair value of the warrants of $55,154 was immediately recorded as interest expense since the note was fully paid as of June 30, 2013. </p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">During the six months ended June 30, 2013, 100,000 warrants expired unexercised.</p> <p style="MARGIN: 0px"><br /> </p> <p style="MARGIN: 0px">A summary of activity in options and warrants is as follows:</p> <p style="MARGIN: 0px"><br /> </p> </div> <table style="FONT-SIZE: 10pt; MARGIN-TOP: 0px" cellspacing="0" cellpadding="0"> <tr style="FONT-SIZE: 0px"> <td width="18"> </td> <td width="126"> </td> <td width="51"> </td> <td width="15"> </td> <td width="55"> </td> <td width="15"> </td> <td width="50"> </td> <td width="15"> </td> <td width="53"> </td> <td width="15"> </td> <td width="51"> </td> <td width="15"> </td> <td width="55"> </td> <td width="15"> </td> <td width="59"> </td> <td width="15"> </td> <td width="56"> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="126"> <p style="PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center"> Options</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center">Weighted Average Remaining Life</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center">Weighted Average Exercise Price</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center"> Aggregate Intrinsic Value</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center"> Warrants</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center"> Weighted Average Remaining Life</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center"> Weighted Average Exercise Price</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: center"> Aggregate Intrinsic Value</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="126"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="145" colspan="2"> <p style="FONT-SIZE: 7pt; MARGIN: 0px">Outstanding at December 31, 2012</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 393,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 4.20</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $ 0.12</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $ - </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 7,193,269</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 2.91</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $ 0.15</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $ 57,500</p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="126"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="145" colspan="2"> <p style="FONT-SIZE: 7pt; MARGIN: 0px">Six months ended June 30, 2013</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="126"> <p style="FONT-SIZE: 7pt; MARGIN: 0px">Granted</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 1,350,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 0.15</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 200,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 0.28</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="126"> <p style="FONT-SIZE: 7pt; MARGIN: 0px">Exercised</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> (700,000)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 0.07</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="126"> <p style="FONT-SIZE: 7pt; MARGIN: 0px">Forfeited</p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right">-</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 1px solid; MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> (100,000)</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 0.25</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="18"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="126"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> </tr> <tr> <td style="MARGIN-TOP: 0px" valign="bottom" width="145" colspan="2"> <p style="FONT-SIZE: 7pt; MARGIN: 0px">Outstanding at June 30, 2013</p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 1,743,000</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 4.49</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="50"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $ 0.14</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="53"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $240,240</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="BORDER-BOTTOM: #000000 3px double; MARGIN-TOP: 0px" valign="bottom" width="51"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 6,593,269</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="55"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> 2.50</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="59"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $ 0.16</p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="15"> <p style="FONT-SIZE: 7pt; PADDING-BOTTOM: 0px; PADDING-TOP: 0px; PADDING-LEFT: 0px; MARGIN: 0px; PADDING-RIGHT: 0px"> </p> </td> <td style="MARGIN-TOP: 0px" valign="bottom" width="56"> <p style="FONT-SIZE: 7pt; MARGIN: 0px; text-align: right"> $ 776,298</p> </td> </tr> </table> <!--EndFragment--></div> </div>falsefalsefalse | nonnum:textBlockItemTypenaThe entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14
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