Capital Transactions

3 Months Ended

Mar. 31, 2014

Capital Transactions

NOTE 9. CAPITAL TRANSACTIONS

During the three months ended March 31, 2014, we received 52,000 shares of our common stock from cancelled restricted stock from terminated employees and for the settlement of $24,000 in payroll taxes.

We received proceeds of $1.2 million from the exercise of 383,000 options during the three months ended March 31, 2014. We issued 25,000 shares of common stock for proceeds of $168,000 under the employee stock purchase plan during the three month period ended March 31, 2014.