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Subsequent Events
6 Months Ended
Jun. 30, 2015
Subsequent Events [Abstract]  
Subsequent Events

14. Subsequent Events 

On August 5, 2015, the Nasdaq Stock Market LLC (“NASDAQ”) notified us that the Company no longer complies with NASDAQ Listing Rule 5550(b)(2), the Market Value of Listed Securities (“MVLS”) Rule, because the Company did not maintain a minimum MVLS of $35 million for the 30 consecutive business days prior to the date of the letter.  In accordance with Rule 5810(c)(3)(C), the Company will be provided 180 calendar days, or until February 1, 2016, to regain compliance with the MVLS Rule.  The Company may regain compliance with the MVLS Rule if the Company’s MVLS closes at $35 million or more for a minimum of 10 consecutive business days at any time before February 1, 2016.

 

The NASDAQ letter further states that if the Company does not regain compliance with the MVLS Rule by February 1, 2016, the NASDAQ will notify the Company that its common stock will be subject to delisting.  At that time, the Company may appeal NASDAQ’s determination to delist the common stock.