Subsequent Events

9 Months Ended

Sep. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

Note 12 — Subsequent Events

Management evaluated all activity of the Company and concluded that no subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements, except the following:

On October 1, 2011, the Company issued 100,000 shares of common stock to the Company’s Chief Executive Officer, Stanton Nelson, pursuant to a restricted stock grant agreement and the employment agreement between the Company and Mr. Nelson. In accordance with the terms of the restricted stock grant agreement, Mr. Nelson elected to have the Company fund the personal tax liability of approximately $25,000 that Mr. Nelson owed at the time of vesting. In return, Mr. Nelson forfeited 22,216 of the shares vested which were calculated by dividing the tax withholding requirements by the market value of the stock on the date of vesting.