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Subsequent Events
6 Months Ended
Jun. 30, 2015
Notes to Financial Statements  
Note 9. Subsequent Events

On July 17, 2015, Ross Eichberg, the General Counsel for the Company resigned. In connection with Mr. Eichberg's resignation, the Company granted Mr. Eichberg options to purchase 600,000 shares of the Company's common stock at $0.26 per share, which was equal to 90% of the 30-day trading average of the Company's common stock prior to the grant date of July 17, 2015. The options have a term of five years from the grant date. The options become exercisable as follows: 100,000 (1/6) of the options shall vest 13 months after the grant date and an additional 100,000 options (1/6) shall vest each of the following months for five months thereafter so that all of the options shall be vested as of 18 months after the grant date. The fair value of the stock options issued was $168,000, all of which was recognized immediately as an expense because the stock options were fully vested as of the grant date.