Subsequent Events

9 Months Ended

Sep. 30, 2013

NOTE 5– Subsequent Events

The Company has evaluated subsequent events from the balance sheet date through the date the financial statements were issued and determined there are no items to disclose, except as follows:

In conjunction with the October 31, 2013 appointment of Tom O'Mara as a member of the Company's Board of Directors, the Board of Directors granted to Mr. O'Mara under our 2011 Equity Incentive Plan a stock option to purchase up to 500,000 shares of our common stock at an exercise price equal to $0.156 per share, which was the closing market price of our common stock on October 31, 2013 (i.e., the date of grant). The stock option vested immediately upon grant as to 300,000 shares, and will vest and become exercisable in two equal installments of 100,000 shares each on the second and third six month anniversary of the date of grant, provided, in each case, that Mr. O'Mara remains a director through such vesting date. The option has a five-year term and will be on such other terms set forth in our standard form of stock option agreement for our non-employee directors.