Quarterly report pursuant to sections 13 or 15(d)

Note 10 - Subsequent Events

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Note 10 - Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Text Block]
10.   Subsequent Events

Hiring of Vice President, Global Sales and Marketing

In November 2012, the Company hired a Vice President, Global Sales and Marketing (the “VP of Sales”).  The related employment agreement stipulates that in November 2012, the VP of Sales will be granted stock options to purchase 300,000 shares of the Company’s common stock and that an additional 100,000 options will be granted on both the first and second anniversary dates of his starting date. The employment agreement also provides for certain payments in connection with a change of control transaction.  Pursuant to the employment agreement, on November 10, 2012, the Company granted the VP of Sales options to purchase 300,000 shares of the Company’s common stock at an exercise price of $1.63 per share, such options having a 10 year term.