STOCK-BASED COMPENSATION
As of December 31, 2013, the Company has not issued any stock-based payments to its employees. The Company uses the modified prospective method of accounting for stock-based compensation. Under this transition method, stock compensation expense includes compensation expense for all stock-based compensation awards granted on or after January 1, 2006, based on the estimated grant-date fair value.
Please do not trade on my advice or posts: I haven't made a dime yet.