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Subsequent Event
3 Months Ended
Mar. 31, 2012
Subsequent Event

11. Subsequent Event

 

On April 4, 2012, the Company issued 27,174 shares of common stock to each of two directors, and 13,588 shares of common stock to another director, as compensation for the three months ended March 31 2012. These shares, totaling 67,936, were valued at an average of $0.23, or a total of $15,625.

 

On April 25, 2012, ClearSign Combustion Corporation (“ClearSign”) completed an initial public offering selling 3,000,000 shares of its common stock at $4.00 per share, and trading under symbol CLIR on the NASDAQ.  The shares of common stock of ClearSign previously acquired in a private placement by the Company were registered as part of the offering.