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SUBSEQUENT EVENTS
6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Note 11 - SUBSEQUENT EVENTS

In July 2014, holders of 779,420 warrants cashless exercised such warrants resulting in the issuance of 606,960 shares of the Company’s common stock.

 

On July 1, 2014, the Company began soliciting written consents from its shareholders to approve an amendment to the Company’s 1999 Stock Option Plan to increase the number of shares authorized for issuance thereunder from approximately 4.0 million to approximately 7.0 million, which amendment was approved on  July 21, 2014, when the Company received approvals from over 50% of the Company’s stockholders.