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16. SUBSEQUENT EVENTS.
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12 Months Ended | ||
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Dec. 31, 2011
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| Subsequent Events [Text Block] |
Warrant
exercises – In February 2012, certain holders of
the 2010 Warrants exercised their 2010 Warrants with respect
to 252,101 shares of common stock on a cashless exercise
basis, resulting in 172,269 net shares of common stock issued
by the Company.
Note
payable extension – On March 7, 2012, the
Company extended the maturity date of its outstanding note
payable to its Chief Executive Officer in the principal
amount of $750,000 to March 31, 2013. No other terms were
changed.
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