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STOCK OPTION EXERCISE
12 Months Ended
Dec. 31, 2012
STOCK OPTION EXERCISE  
STOCK OPTION EXERCISE

12.            STOCK OPTION EXERCISE

 

On July 10, 2012, the chief executive officer of the Company exercised a portion of his stock option.  The Company issued 2,000,000 shares of Common Stock to him at an exercise price of $0.81 (aggregate consideration of $1,620,000).