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SUBSEQUENT EVENTS
9 Months Ended
Sep. 30, 2013
Notes to Financial Statements  
Note 11 - SUBSEQUENT EVENTS

 Subsequent to September 30, 2013 and through November 8, 2013, the Company issued 111,783 shares of common stock pursuant to the cashless exercise of 149,996 warrants issued as additional consideration for the Related-Party Notes.  Also during October 2013, the Company issued 2,597 shares of its common stock pursuant to the exercise of 2,597 options resulting in cash proceeds to the Company of approximately $2,000.

 

 In November 2013, the Company issued 290,000 options under existing stock-based compensation plans to certain members of the Board of Directors, senior management and certain employees.  Such options have an exercise price of $1.93 per share.