SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2014

9.	SUBSEQUENT EVENTS

Management has approved the financial statements and performed an evaluation of subsequent events through the date of issuance noting no items requiring disclosure except for the following:

On October 8, 2014, we received an inquiry from the NASDAQ Staff relating to whether we satisfied the minimum public holder requirement. We must reply to this letter by November 14, 2014. We expect to inform NASDAQ that we do not believe we meet this requirement. We expect to receive written notification from NASDAQ that allows us 45 calendar days to provide NASDAQ with a plan to regain compliance. If the plan is accepted, NASDAQ can grant us up to180 calendar days from the date of the NASDAQ notice of non-compliance to evidence compliance. If the plan is not accepted by NASDAQ, or if the Company is unable to regain compliance prior to the expiration of any extension period granted by the NASDAQ Staff, the Company can appeal the decision to an independent hearings panel. The filing of such an appeal would stay any suspension or delisting action until the conclusion of the hearing process and the expiration of any extension granted by the panel.

If NASDAQ suspends or delists our shares from trading on its exchange and we are not able to list our shares on another national securities exchange, we expect our shares could be quoted in the over-the-counter market on the OTCQB market tier or the OTC Pink Current Information tier.