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SUBSEQUENT EVENT
6 Months Ended
Jun. 30, 2013
SUBSEQUENT EVENT  
SUBSEQUENT EVENT

11. SUBSEQUENT EVENT

 

On August 2, 2013, Thomas H. Ehrlich, the Company’s former chief financial officer, filed a complaint against the Company in the District Court of Denton County, Texas, Cause No. 2013-61011-393. The complaint alleges that the Company breached a compensation agreement between the Company and Mr. Ehrlich that provided for certain payments to Mr. Ehrlich upon certain change in control events. While the Company is still evaluating the complaint and cannot estimate the timing or estimated amount, if any, associated with the outcome, the Company does not believe it will have a material adverse impact on the Company’s financial position, results of operations or liquidity. The Company intends to vigorously defend any assertions related to the above lawsuit.