Equity Transactions

3 Months Ended

Mar. 31, 2014

Equity Transactions [Abstract]

Equity Transactions

Note 9 – Equity Transactions

In February 2014, we entered into the Securities Purchase Agreement whereby we issued 2.9 million shares of our common stock and warrants to purchase 0.7 million shares of our common stock.  The warrants have an exercise price of $5.292 per share and expire on February 28, 2019 and are subject to customary anti-dilution provisions.

The purchasers also have a 90-day option to purchase up to $25,000,000 of additional common stock, warrants and convertible debt on the same terms as the initial issuance.  See Note 5:  “Debt Obligations” for discussion of the Securities Purchase Agreement.