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RELATED PARTY TRANSACTIONS
6 Months Ended
Jun. 30, 2013
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

(8) RELATED PARTY TRANSACTIONS

 

During the three months ended September 30, 2012, the Company entered into a one year consulting agreement with a non-employee director under which the director provides advisory services in support of the Company’s commercialization activities. In accordance with the agreement, the Company granted a restricted stock award for 4,873 shares of common stock that vests over one year, and will make cash payments totaling $60,000 over the one year term of the agreement.