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SUBSEQUENT EVENTS
3 Months Ended
Mar. 31, 2016
SUBSEQUENT EVENTS.  
SUBSEQUENT EVENTS

 

9.SUBSEQUENT EVENTS

 

On April 5, 2016, the chief executive officer of the Company exercised the remaining portion of his stock option.  The Company issued 1,000,000 shares of Common Stock to him at an exercise price of $0.81 (aggregate consideration of $810,000).

 

In the second quarter of 2016, the Company placed orders for additional injection molding machines and additional molds for use in the manufacture of the EasyPoint™   needle.  The expenditure for this equipment is expected to be $1.4 million.