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Subsequent Events
3 Months Ended
Dec. 31, 2012
Subsequent Events

NOTE 12. SUBSEQUENT EVENTS

On January 24, 2013, the Company entered into an agreement to sell its $2.5 million note receivable from Wisepower (“The Wisepower Note”). As consideration for selling the Wisepower Note the Company received approximately $1.6 million worth of Wisepower common stock. Additionally, the terms of the agreement require that the Company receive additional shares of Wisepower stock on March 29, 2013, at which time the Company would deliver the Wisepower Note to the Purchaser. Total value of stock received for the note is expected to be approximately $2.5 million.

In January 2013, the Company sold 1,667,051 units at a price of $2.12 per unit. Each unit consisted of one share of common stock and a warrant to purchase 0.5 shares of common stock at an exercise price of $2.14. Gross proceeds from the offering were $3.5 million excluding offering fees and expenses.