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Subsequent Events
12 Months Ended
Dec. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On January 15, 2015, Wave received notification from the NASDAQ Stock Market indicating that its common stock is subject to potential delisting from the NASDAQ Capital Market because for a period of 30 consecutive business days, the bid price of Wave's common stock closed below the minimum $1.00 per share requirement for continued inclusion under the Bid Price Rule. The NASDAQ notice indicated that, in accordance with NASDAQ Marketplace Rule 5810(c)(3)(A), Wave will be provided 180 calendar days, or until July 14, 2015, to regain compliance. If, at anytime before July 14, 2015, the bid price of Wave's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ staff will provide written notification that it has achieved compliance with the Bid Price Rule. If Wave fails to regain compliance with the Bid Price Rule before July 14, 2015 but meet all of the other applicable standards for initial listing on the NASDAQ Capital Market with the exception of the minimum bid price, then Wave may be eligible to have an additional 180 calendar days, or until January 10, 2016, to regain compliance with the Bid Price Rule.
On February 25, 2015, Wave named R. Stephen Cheheyl to its Board of Directors.