SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2011

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

10. SUBSEQUENT EVENTS

On October 31, 2011, the Company, entered into an ATM Sales Agreement with BTIG, pursuant to which the Company may sell from time to time, shares of its common stock through an “at-the-market” share offering program under its currently effective registration statement on Form S-3.  The Company may sell up to $15,000,000 in aggregate offering price of its common stock through BTIG, acting as sales agent.  On October 31, 2011, the Company filed a prospectus supplement with the Securities and Exchange Commission in connection with the offering.  The Company will pay BTIG a commission equal to 3.0% of the gross proceeds from the sale of any shares pursuant to the ATM Sales Agreement.