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Note 8 - Subsequent Events
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Jul. 03, 2011
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| Subsequent Events [Text Block] |
Note
8 – Subsequent Events
The
Company has determined that there are no subsequent events
that require disclosure pursuant to FASB ASC Topic 855, as
revised, except as set forth below.
On
August 9, 2011, at the Company’s 2011 annual meeting of
stockholders, a proposal was approved to amend the
Company’s amended and restated certificate of
incorporation to reduce the number of shares of the
Company’s authorized capital stock. Prior to
the approval of this proposal, the Company’s amended
and restated certificate of incorporation authorized the
issuance of up to 75,000,000 shares of capital stock,
subdivided as follows:
Subsequent
to the approval of the proposal, the Company’s
authorized capital stock has been reduced to 40,000,000
shares, all of which are Series A common stock with a par
value of $0.01 per share.
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