Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Subsequent Events

v2.4.0.8
Note 7 - Subsequent Events
3 Months Ended
Mar. 31, 2014
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

7.

SUBSEQUENT EVENTS


In April and May 2014, warrants to purchase 202,465 shares of common stock were exercised at $3.5164 per share for total proceeds of $712,000.


On May 6, 2014, the Board of Directors declared a dividend on each share of outstanding Series A preferred stock, which represents the accrued unpaid dividends through the declaration date, and a dividend of $0.005 on each share of outstanding common stock, totaling aggregate dividends of $60,000. All such dividends are payable in cash on June 4, 2014 to stockholders of record on May 27, 2014.