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Re: None

Tuesday, 04/01/2008 4:11:51 PM

Tuesday, April 01, 2008 4:11:51 PM

Post# of 81577
Management Warrant/Option charges

From the 10KSB:
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The Company will recognize compensation expense of $43,821 in 2008 and $14,607 in 2009 related to these stock options.

The Company will recognize compensation expense of $754,613 in 2008, $754,613 in 2009, $754,613 in 2010, and $251,537 in 2011 related to these stock options.

The Company will recognize compensation expense of $7,978 in 2008and $6,648 in 2009 related to these stock options.
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Not entirely true that the options charge to earnings was "one-time"; the charges extend through 2011. *Note* Howard just clarified in an answer to a question that the warrant/options charges are continuing.

Regards