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SUBSEQUENT EVENTS
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Mar. 31, 2014
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NOTE 8 – SUBSEQUENT EVENTS
Between April 1, 2014 and May 12, 2014, the Company entered into contracts with various contract research organizations with outstanding commitments aggregating approximately $400,000 for future work to be performed. On April 28, 2014, the Board of Directors approved a Stock Incentive Plan (“SIP”) and an Employee Stock Purchase Plan (“ESPP”), subject to shareholder approval. Under the SIP, 300,000 shares of common stock have been reserved for issuance. Under the ESPP, 1,800,000 shares have been reserved for issuance. To date, no issuances have been made under either plan. |
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- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
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