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Note 11 - Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Text Block]
11.     Subsequent Events

On April 2, 2012, the Company granted a total of 283,500 options to purchase common stock to the current employees.  These options were issued from the 2009 Equity Incentive Plan (see Note 5 Stock Based Compensation above) and had an exercise price of $1.10, the closing price of the Company’s stock on the date of the grant.

On April 25, 2012, Jane E. Hager notified the Company and its Board of Directors of her decision to retire from the Board of Directors and not to stand for re-election at the Company’s  2012 annual meeting of stockholders (the “Annual Meeting”). Ms. Hager will continue to serve as a director until the Annual Meeting to be held on May 22, 2012.