XML 39 R26.htm IDEA: XBRL DOCUMENT v3.7.0.1
SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2016
SUBSEQUENT EVENTS  
SUBSEQUENT EVENTS

 

20.SUBSEQUENT EVENTS

 

Thomas J. Shaw purchased two million shares of Common Stock at market price from the Company on January 12, 2017 for an aggregate purchase price of $1.78 million.

 

In February of 2017, Mr. Cowan and Ms. Larios were each granted cash bonuses of $250,000.  As of the date of this report, Mr. Cowan’s bonus has not been paid.

 

The Company has negotiated a reduction of its future litigation expenses and expects such expenses to be significantly less in 2017.