<SEC-DOCUMENT>0001325533-13-000044.txt : 20130829
<SEC-HEADER>0001325533-13-000044.hdr.sgml : 20130829
<ACCEPTANCE-DATETIME>20130829163952
ACCESSION NUMBER:		0001325533-13-000044
CONFORMED SUBMISSION TYPE:	SC 13D
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20130829
DATE AS OF CHANGE:		20130829

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ISSUER DIRECT CORP
		CENTRAL INDEX KEY:			0000843006
		STANDARD INDUSTRIAL CLASSIFICATION:	COMMERCIAL PRINTING [2750]
		IRS NUMBER:				261331503
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-41710
		FILM NUMBER:		131069500

	BUSINESS ADDRESS:	
		STREET 1:		500 PERIMETER PARK DRIVE
		STREET 2:		SUITE D
		CITY:			MORRISVILLE
		STATE:			NC
		ZIP:			27560
		BUSINESS PHONE:		9194611600

	MAIL ADDRESS:	
		STREET 1:		500 PERIMETER PARK DRIVE
		STREET 2:		SUITE D
		CITY:			MORRISVILLE
		STATE:			NC
		ZIP:			27560

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INC
		DATE OF NAME CHANGE:	20071002

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	DOCUCON INCORPORATED
		DATE OF NAME CHANGE:	19920703

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Red Oak Partners, LLC
		CENTRAL INDEX KEY:			0001325533
		IRS NUMBER:				020673129
		STATE OF INCORPORATION:			NY
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D

	BUSINESS ADDRESS:	
		STREET 1:		304 PARK AVE SOUTH
		STREET 2:		11TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
		BUSINESS PHONE:		212-614-8952

	MAIL ADDRESS:	
		STREET 1:		304 PARK AVE SOUTH
		STREET 2:		11TH FL
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10010
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>isdr2013082213d.htm
<TEXT>
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<META NAME="date" CONTENT="08/27/2013">
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<TR><TD style="border:1.2px solid #000000" valign=top width=198><P style="margin-top:6px; margin-bottom:3.6px; font-family:Arial; font-size:12pt">CUSIP No. 46520M105</P>
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<P style="margin:0px; font-size:12pt" align=center><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px; font-size:12pt" align=center><B>Washington, D.C. 20549</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:14pt" align=center><B>SCHEDULE 13D</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>Under the Securities Exchange Act of 1934</B></P>
<P style="margin:0px; font-size:11pt" align=center><B>(Amendment No. &nbsp;&nbsp;)*</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:18pt" align=center><B>Issuer Direct Corporation</B></P>
<P style="margin:0px; padding-top:4px; font-size:12pt; border-top:1px solid #000000" align=center>(Name of Issuer)</P>
<P style="margin:0px; padding-top:4px; border-top:1px solid #000000" align=center><BR></P>
<P style="margin:0px; font-size:11pt" align=center><B>Common Stock, $0.001 par value</B></P>
<P style="margin:0px; padding-top:4px; font-size:12pt; border-top:1px solid #000000" align=center>(Title of Class of Securities)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center><B>46520M105</B></P>
<P style="margin:0px; padding-top:4px; font-size:12pt; border-top:1px solid #000000" align=center>(CUSIP Number)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt" align=center>RED OAK PARTNERS, LLC</P>
<P style="margin:0px; font-size:12pt" align=center>Attn: David Sandberg</P>
<P style="margin:0px; font-size:12pt" align=center>304 Park Avenue South, 11<SUP>th</SUP> Floor</P>
<P style="margin:0px; font-size:12pt" align=center>New York, NY 10010</P>
<P style="margin:0px; font-size:12pt" align=center>(212) 614-8952</P>
<P style="margin:0px; padding-top:4px; font-size:12pt; border-top:1px solid #000000" align=center>&nbsp;(Name, Address and Telephone Number of Person Authorized<BR>
 to Receive Notices and Communications)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:11pt" align=center><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><B><U>August 22, 2013</U></B><FONT style="font-size:12pt"><B><U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></B></FONT></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt" align=center>(Date of Event which Requires Filing of this Statement)</P>
<P style="margin-top:0px; margin-bottom:6.667px; font-size:12pt">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box <FONT style="font-family:Arial; font-size:8pt">&#9744;</FONT></P>
<P style="margin-top:0px; margin-bottom:8px; font-size:12pt">Note: &nbsp;Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. &nbsp;See Rule 13d-7 for other parties to whom copies are to be sent.</P>
<P style="margin-top:0px; margin-bottom:8px; font-size:12pt">*The remainder of this cover page shall be filled out for a reporting person&#146;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.</P>
<P style="margin-top:0px; margin-bottom:8px; font-size:12pt">The information required on the remainder of this cover page shall not be deemed to be &#147;filed&#148; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#147;Act&#148;) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</P>
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<TABLE style="font-size:10pt; page-break-before:always" cellspacing=0><TR height=0 style="font-size:0"><TD width=198></TD></TR>
<TR><TD style="border:1.2px solid #000000" valign=top width=198><P style="margin-top:6px; margin-bottom:3.6px; font-family:Arial; font-size:12pt">CUSIP No. 46520M105</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:12px; margin-bottom:0px"><BR></P>
</DIV><TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=55.2></TD><TD width=72></TD><TD width=60></TD><TD width=462></TD><TD width=66></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>1</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">NAME OF REPORTING PERSONS</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">Red Oak Partners, LLC</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>2</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>(a) &#9744;<BR>
(b) &#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>3</P>
</TD><TD style="background-color:#FFFFFF; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SEC USE ONLY</P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>4</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOURCE OF FUNDS (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AF</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>5</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>6</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">New York</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=127.2 colspan=2 rowspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt" align=center>NUMBER OF</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>SHARES</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>BENEFICIALLY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>OWNED BY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>EACH</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>REPORTING</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>PERSON</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>WITH:</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>7</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE VOTING POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>8</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED VOTING POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">626,566<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>9</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE DISPOSITIVE POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>10</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED DISPOSITIVE POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">626,566<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>11</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">626,566<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>12</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>13</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">24.18%<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>14</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">TYPE OF REPORTING PERSON (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">OO</P>
</TD></TR>
</TABLE>
<DIV style="width:700.8px"><P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">____________________________</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">&nbsp;&nbsp;The Reporting Persons hold directly $2,500,000 principal amount of 8% Convertible Subordinated Secured Promissory Notes due in 2015 (the &#147;Convertible Notes&#148;), which are convertible as of the filing date of this Schedule 13D into 626,566 shares of Common Stock at a conversion price of $3.99 per share. &nbsp;The calculation of percentage ownership is based on 1,964,259 shares of common stock outstanding at August 6, 2013, as reported by the Issuer on its Form 10-Q for the fiscal quarter ended June 30, 2013, filed with the United States Securities and Exchange Commission on August 6, 2013, plus the 626,566 shares of Common Stock that would be issued upon conversion of all the Convertible Notes held by the Reporting Persons. &nbsp;Each Reporting Person disclaims beneficial ownership with respect to any shares of Common Stock other than the shares that would be owned directly by such Reporting Person.</P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt; page-break-before:always" cellspacing=0><TR height=0 style="font-size:0"><TD width=198></TD></TR>
<TR><TD style="border:1.2px solid #000000" valign=top width=198><P style="margin-top:6px; margin-bottom:3.6px; font-family:Arial; font-size:12pt">CUSIP No. 46520M105</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:12px; margin-bottom:0px"><BR></P>
</DIV><TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=55.2></TD><TD width=72></TD><TD width=60></TD><TD width=462></TD><TD width=66></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>1</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">NAME OF REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt"><BR>
The Red Oak Fund, L.P.</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>2</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>(a) &#9744;<BR>
(b) &#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>3</P>
</TD><TD style="background-color:#FFFFFF; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SEC USE ONLY</P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>4</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOURCE OF FUNDS (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">WC</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>5</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>6</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">Delaware </P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=127.2 colspan=2 rowspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt" align=center>NUMBER OF</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>SHARES</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>BENEFICIALLY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>OWNED BY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>EACH</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>REPORTING</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>PERSON</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>WITH:</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>7</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE VOTING POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>8</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED VOTING POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">363,366<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>9</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE DISPOSITIVE POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>10</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED DISPOSITIVE POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">363,366<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>11</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">363,366<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>12</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>13</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">14.03%<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>14</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">TYPE OF REPORTING PERSON (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">PN</P>
</TD></TR>
</TABLE>
<DIV style="width:700.8px"><P style="margin-top:5.333px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt; page-break-before:always" cellspacing=0><TR height=0 style="font-size:0"><TD width=198></TD></TR>
<TR><TD style="border:1.2px solid #000000" valign=top width=198><P style="margin-top:6px; margin-bottom:3.6px; font-family:Arial; font-size:12pt">CUSIP No. 46520M105</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:12px; margin-bottom:0px"><BR></P>
</DIV><TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=55.2></TD><TD width=72></TD><TD width=60></TD><TD width=462></TD><TD width=66></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>1</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">NAME OF REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt"><BR>
Pinnacle Partners, LLC</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>2</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>(a) &#9744;<BR>
(b) &#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>3</P>
</TD><TD style="background-color:#FFFFFF; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SEC USE ONLY</P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>4</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOURCE OF FUNDS (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AF</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>5</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>6</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">Colorado </P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=127.2 colspan=2 rowspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt" align=center>NUMBER OF</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>SHARES</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>BENEFICIALLY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>OWNED BY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>EACH</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>REPORTING</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>PERSON</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>WITH:</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>7</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE VOTING POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>8</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED VOTING POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">263,200<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>9</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE DISPOSITIVE POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>10</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED DISPOSITIVE POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">263,200<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>11</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">263,200<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>12</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>13</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">10.16%<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>14</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">TYPE OF REPORTING PERSON (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">OO</P>
</TD></TR>
</TABLE>
<DIV style="width:700.8px"><P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">&nbsp;</P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:10pt; page-break-before:always" cellspacing=0><TR height=0 style="font-size:0"><TD width=198></TD></TR>
<TR><TD style="border:1.2px solid #000000" valign=top width=198><P style="margin-top:6px; margin-bottom:3.6px; font-family:Arial; font-size:12pt">CUSIP No. 46520M105</P>
</TD></TR>
</TABLE>
<P style="margin:0px" align=right><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:12px; margin-bottom:0px"><BR></P>
</DIV><TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=55.2></TD><TD width=72></TD><TD width=60></TD><TD width=462></TD><TD width=66></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>1</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">NAME OF REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt"><BR>
Pinnacle Opportunities Fund, LP</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>2</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>(a) &#9744;<BR>
(b) &#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>3</P>
</TD><TD style="background-color:#FFFFFF; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SEC USE ONLY</P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>4</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOURCE OF FUNDS (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">WC</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>5</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>6</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">Delaware </P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=127.2 colspan=2 rowspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt" align=center>NUMBER OF</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>SHARES</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>BENEFICIALLY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>OWNED BY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>EACH</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>REPORTING</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>PERSON</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>WITH:</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>7</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE VOTING POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>8</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED VOTING POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">263,200<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>9</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE DISPOSITIVE POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>10</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED DISPOSITIVE POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">263,200<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>11</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">263,200<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>12</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>13</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">10.16%<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>14</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">TYPE OF REPORTING PERSON (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">PN</P>
</TD></TR>
</TABLE>
<DIV style="width:700.8px"><P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
</DIV><TABLE style="font-size:10pt" cellspacing=0><TR height=0 style="font-size:0"><TD width=55.2></TD><TD width=72></TD><TD width=60></TD><TD width=462></TD><TD width=66></TD></TR>
<TR><TD style="border:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>1</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">NAME OF REPORTING PERSONS</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">David Sandberg</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>2</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>(a) &#9744;<BR>
(b) &#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>3</P>
</TD><TD style="background-color:#FFFFFF; border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SEC USE ONLY</P>
<P style="margin-top:5.333px; margin-bottom:0px"><BR></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>4</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOURCE OF FUNDS (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AF</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>5</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>6</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CITIZENSHIP OR PLACE OF ORGANIZATION</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">United States</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=127.2 colspan=2 rowspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt" align=center>NUMBER OF</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>SHARES</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>BENEFICIALLY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>OWNED BY</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>EACH</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>REPORTING</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>PERSON</P>
<P style="margin:0px; font-family:Arial; font-size:8pt" align=center>WITH:</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>7</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE VOTING POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>8</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED VOTING POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">626,566<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>9</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SOLE DISPOSITIVE POWER</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=60><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>10</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=528 colspan=2><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">SHARED DISPOSITIVE POWER</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">626,566<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>11</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">626,566<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>12</P>
</TD><TD valign=top width=594 colspan=3><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (See Instructions)</P>
</TD><TD style="border-right:1px solid #000000" valign=top width=66><P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt" align=right>&#9744;</P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>13</P>
</TD><TD style="border-top:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</P>
<P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.18%<SUP>1</SUP></P>
</TD></TR>
<TR><TD style="border-left:1px solid #000000; border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=55.2><P style="margin-top:16px; margin-bottom:16px; font-family:Arial; font-size:18pt" align=center>14</P>
</TD><TD style="border-right:1px solid #000000; border-bottom:1px solid #000000" valign=top width=660 colspan=4><P style="margin-top:5.333px; margin-bottom:0px; font-family:Arial; font-size:8pt">TYPE OF REPORTING PERSON (See Instructions)</P>
<P style="margin-top:5.333px; margin-bottom:5.333px; padding-left:23.067px; font-family:Arial; font-size:8pt">IN</P>
</TD></TR>
</TABLE>
<DIV style="width:700.8px"><P style="margin-top:5.333px; margin-bottom:0px"><BR>
<BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:681.6px"><P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt"><B>Item 1. Security and Issuer.</B></P>
<P style="margin:0px; text-indent:48px; font-size:12pt" align=justify>This statement on Schedule 13D (this &#147;Statement&#148;) relates to the common stock (&#147;Common Stock&#148;), of Issuer Direct Corporation (the &#147;Issuer&#148;), with its principal executive offices located at 500 Perimeter Park Drive, Suite D, Morrisville, NC 27560.</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt"><B>Item 2. Identity and Background.</B></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt">(a)-(c) and (f) The names of the persons filing this Statement (the &#147;Reporting Persons&#148;) are:</P>
<P style="margin:0px; text-indent:61.067px; font-size:12pt">The Red Oak Fund, LP, a Delaware limited partnership (&#147;Red Oak Fund&#148;);</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:96px; text-indent:-36px; font-size:12pt">Pinnacle Opportunities Fund, LP, a Delaware limited partnership (&#147;Pinnacle Fund&#148;);</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:96px; text-indent:-36px; font-size:12pt">Red Oak Partners, LLC, a New York limited liability company (&#147;Red Oak Partners&#148;);</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:96px; text-indent:-36px; font-size:12pt">Pinnacle Partners, LLC, a Colorado limited liability company (&#147;Pinnacle Partners&#148;); and</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; padding-left:96px; text-indent:-36px; font-size:12pt">David Sandberg, a United States citizen.</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt">This Statement is being filed by David Sandberg, the controlling member of Red Oak Partners, which manages each of Red Oak Fund and Pinnacle Fund (each a &#147;Fund&#148; and, collectively, the &#147;Funds&#148;). The Funds are private investment vehicles formed for the purpose of investing and trading in a wide variety of securities and financial instruments. The Funds directly own the Convertible Notes as reported in this Statement. &nbsp;Each of the filers hereto disclaims beneficial ownership with respect to any Convertible Notes other than Convertible Notes owned directly by such filer.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt">The principal office or business address of the Red Oak Fund, Red Oak Partners and David Sandberg is 304 Park Avenue South, 11<SUP>th</SUP> Floor, New York, NY 10010. &nbsp;The principal office or business address of Pinnacle Partners and Pinnacle Fund is 2810 North Speer Boulevard, Denver, CO 80211.</P>
<TABLE style="margin:0px; width:48px; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">&nbsp;(d)-(e)</TD></TABLE>
<P style="margin-top:0px; margin-bottom:16px; text-indent:-2px; font-size:12pt">During the last five years, none of the Reporting Persons have been (a) convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors) or (b) a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect to such laws. </P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt"><B>Item 3. Source and Amount of Funds or Other Consideration.</B></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt">The source of cash funds for the Convertible Notes purchased was the working capital of the Funds, and the aggregate value was $2,500,000.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt"><B>Item 4. &nbsp;Purpose of Transaction.</B></P>
<P style="margin:0px; font-size:12pt">The Reporting Persons purchased the Convertible Notes directly from the Issuer in a transaction that closed on August 22, 2013. The Reporting Persons will review their investments in the Convertible Notes from time to time, and, subject to applicable law and regulation and depending upon certain factors, including, without limitation, the financial performance of the Issuer, the availability and price of the Common Stock or other securities related to the Issuer, and other general market and investment conditions, the Reporting Persons may determine to:</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-family:Symbol; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:24px">&#183;</TD></TABLE>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:12pt">exercise its right to convert the Convertible Notes to Common Stock or Preferred Stock (&#147;Preferred Stock);</P>
<TABLE style="margin:0px; width:48px; font-family:Symbol; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:24px">&#183;</TD></TABLE>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:12pt">acquire additional Common Stock through open market purchases or otherwise;</P>
<TABLE style="margin:0px; width:48px; font-family:Symbol; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:24px">&#183;</TD></TABLE>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:12pt">sell Common Stock through the open market or otherwise; or</P>
<TABLE style="margin:0px; width:48px; font-family:Symbol; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:24px">&#183;</TD></TABLE>
<P style="margin:0px; padding-left:48px; text-indent:-2px; font-size:12pt">otherwise engage or participate in a transaction with the purpose or effect of changing or influencing the control of the Issuer.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Such transactions may take place at any time and without prior notice.&nbsp;&nbsp;There can be no assurance, however, that any Reporting Person will take any such actions.</P>
<P style="margin-top:16px; margin-bottom:16px; font-size:12pt"><B>Item 5. &nbsp;Interest in Securities of the Issuer.</B></P>
<TABLE style="margin:0px; width:36px; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">(a)</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:12pt">The Reporting Persons hold directly $2,500,000 principal amount of 8% Convertible Notes which are convertible as of the filing date of this Schedule 13D into 626,566 shares of Common Stock at a conversion price of $3.99 per share. &nbsp;The calculation of percentage ownership is based on 1,964,259 shares of common stock outstanding at August 6, 2013, as reported by the Issuer on its Form 10-Q for the fiscal quarter ended June 30, 2013, filed with the United States Securities and Exchange Commission on August 6, 2013, plus the 626,566 shares of Common Stock that would be issued upon conversion of all the Convertible Notes held by the Reporting Persons. &nbsp;Each Reporting Person disclaims beneficial ownership with respect to any shares of Common Stock other than the shares that would be owned directly by such Reporting Person.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Red Oak Partners may be deemed to beneficially own 626,566 shares of Common Stock that can be acquired through the conversion of $2,500,000 in Convertible Notes, representing 24.18% of all the outstanding shares of Common Stock. &nbsp;The Funds are each controlled by Red Oak Partners. &nbsp;Therefore, Red Oak Partners may be deemed to beneficially own (i) the 363,366 shares of Common Stock that can be acquired through the conversion of $1,449,832 in Convertible Notes held by the Red Oak Fund, and (ii) the 263,200 shares of Common Stock that can be acquired through the conversion of $1,050,168 in Convertible Notes held by Pinnacle Fund.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Mr. Sandberg may be deemed to beneficially own 626,566 shares of Common Stock that can be acquired through the conversion of $2,500,000 in Convertible Notes, representing 24.18% of all the outstanding shares of Common Stock. &nbsp;Mr. Sandberg, as the managing member of Red Oak Partners may be deemed to beneficially own the 626,566 shares of Common Stock that may be beneficially owned by Red Oak Partners through the Funds.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px; font-size:12pt">Red Oak Fund may be deemed to beneficially own 363,366 shares of Common Stock that can be acquired through the conversion of $1,449,832 in Convertible Notes held by the Red Oak Fund, representing 14.03% of all the outstanding shares of Common Stock. &nbsp;Pinnacle Fund may be deemed to beneficially own 263,200 shares of Common Stock that can be acquired through the conversion of $1,050,168 in Convertible Notes held by Pinnacle Fund, representing 10.16% of all the outstanding shares of Common Stock.</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">(b)</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:12pt">Each of Red Oak Partners and Mr. Sandberg may be deemed to have shared voting and dispositive power, subject to acquiring Common Stock through the conversion of Convertible Notes, with respect to (i) the 363,366 shares of Common Stock that can be acquired through the conversion of Convertible Notes held by the Red Oak Fund, and (ii) the 263,200 shares of Common Stock that can be acquired through the conversion of Convertible Notes held by Pinnacle Fund. &nbsp;No Fund shares with any other Fund voting or dispositive power with respect to the shares such Fund beneficially owns.</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">(c)</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:12pt">Not applicable.</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">(d)</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:12pt">Not applicable.</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:12pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">(e)</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:12pt">Not applicable.</P>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt"><B>Item 6. &nbsp;Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.</B></P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt">On August 22, 2013, the Reporting Persons entered into an agreement with the Issuer to purchase $2,500,000 in Convertible Notes from the Issuer.</P>
<P style="margin-top:0px; margin-bottom:16px; font-size:12pt"><B>Item 7. &nbsp;Material to be Filed as Exhibits.</B></P>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin-top:0px; margin-bottom:16px"><BR></P>
<P style="margin-top:0px; margin-bottom:11.4px" align=center><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:11.4px" align=center><B>SIGNATURE</B></P>
<P style="margin-top:0px; margin-bottom:16px; text-indent:96px; font-size:12pt">After reasonable inquiry and to best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</P>
<P style="margin:0px; font-size:12pt">Dated: August 29, 2013</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">/s/ David Sandberg</P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">Name:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">David Sandberg</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>RED OAK PARTNERS, LLC</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">/s/ David Sandberg</P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">Name:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">David Sandberg</P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">Title:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">Managing Member</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>THE RED OAK FUND, L.P.</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">RED OAK PARTNERS, LLC,</P>
<P style="margin:0px; text-indent:48px">its general partner</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">/s/ David Sandberg</P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">Name:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">David Sandberg</P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">Title:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">Managing Member</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>PINNACLE PARTNERS, LLC</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">RED OAK PARTNERS, LLC,</P>
<P style="margin:0px; text-indent:48px">its managing member</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">/s/ David Sandberg</P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">Name:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">David Sandberg</P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">Title:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">Managing Member</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>PINNACLE OPPORTUNITIES FUND, LP</B></P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:48px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:0px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">PINNACLE PARTNERS, LLC,</P>
<P style="margin:0px; text-indent:48px">its general partner</P>
<P style="margin:0px"><BR></P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">By:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">/s/ David Sandberg</P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">Name:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">David Sandberg</P>
<TABLE style="margin:0px; width:96px; font-size:10pt" align=left border=0 style=border-collapse:collapse cellpadding=0 cellspacing=0><TD style="padding-left:48px">Title:</TD></TABLE>
<P style="margin:0px; text-indent:-2px; font-size:10pt">Managing Member</P>
<P style="margin-top:0px; margin-bottom:13.667px; font-size:12pt">&nbsp;</P>
<H1>Footnotes</H1>
<P style="margin-top:0px; margin-bottom:2.667px; font-family:Arial; font-size:8pt">1</P>
<P style="margin-top:0px; margin-bottom:13.667px"><BR>
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