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Subsequent Events
9 Months Ended
Sep. 30, 2016
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

As previously reported, on May 23, 2016, August 23, 2016 and November 22, 2016, the Company, received letters from the NYSE MKT LLC (the “NYSE”) on each such date notifying the Company that it was not in compliance with Sections 134 and 1101 of the Company Guide as a result of its failure to timely file with the SEC March Form 10-Q, June Form 10-Q, the September Form 10-Q by their respective requisite deadlines.  As a result, the Company had become subject to the procedures and requirements of Section 1009 of the Company Guide.

The Company was advised that in order to maintain its listing on the NYSE, the Company was required to submit to the NYSE a plan, as amended, detailing actions it had taken, or would take, that would bring it into compliance with the continued listing standards by certain dates. As previously reported, the NYSE notified the Company that it had accepted the Company’s plan of compliance (the “Plan”) for continued listing relating to the Company’s failure to timely file the March Form 10-Q and the June Form 10-Q. The Company filed its March Form 10-Q on October 14, 2016 and filed its June Form 10-Q on December 6, 2016.

On October 14, 2016, the NYSE granted the Company an extension of time to the plan period to regain compliance with Sections 134 and 1101 of the Company Guide, such that the Company must be in compliance by filing its September Form 10-Q no later than December 30, 2016.

On December 22, 2016, the Company received a letter from the NYSE MKT LLC notifying the Company that it had made a reasonable demonstration of its ability to regain compliance with Sections 134 and 1101 of the NYSE MKT Company Guide (the “Company Guide”), by the end of the revised plan period, which the NYSE has now determined to be no later than January 31, 2017 (the “Extended Plan Period”) and therefore it was prepared to continue listing of the Company subject to certain conditions. An earlier extended plan period initially required compliance no later than December 30, 2016. The letter from the NYSE further notified the Company that it is not in compliance with the listing standards relating to the timing of its filings with the SEC, as set forth in Sections 134 and 1101 of the Company Guide, but its listing is being continued pursuant to an extension.

Failure to make progress consistent with the Plan or to regain compliance with the continued listing standards of the Company Guide by the end of the Extended Plan Period could result in the Company being delisted from the NYSE. The Company can regain compliance with the NYSE listing standards before January 31, 2017 by filing the September Form 10-Q prior to that date.

On November 3, 2016, an executive officer was granted options to purchase 150,000 shares of common stock, with an exercise price of $0.87, and vesting as to 33% of the grant on the one, two, and three-year anniversary of the date of the grant.

Subsequent of September 30, 2016, the Company has issued approximately 2.5 million shares related to share awards, directors compensation, debt payments, and penalties on late filings.