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19. Subsequent Events
12 Months Ended
Dec. 31, 2012
Subsequent Events [Text Block]

19. SUBSEQUENT EVENTS


We have evaluated subsequent events after the balance sheet date through the date of filing of these consolidated financial statements with the Securities and Exchange Commission for appropriate accounting and disclosure and concluded that there were no subsequent events requiring adjustment or disclosure in these consolidated financial statements, other than those discussed below.


As a cost-saving measure, in January 2013, the Company dissolved its wholly-owned subsidiary Lucid International, Inc. The dissolution of LIL is not expected to have any significant impacts on the Company’s financial position.