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Thursday, June 20, 2002 12:36:22 AM
(During calendar year 2001), "the Company issued 765,000 shares of restricted common stock to employees as compensation for services. The restricted common stock, which was fully vested upon issuance, was valued based upon the trading market prices on the dates of issuance, or $368,550 in the aggregate." (Source: Form: 10K Filing Date: 4/16/2002)
"During the first quarter 2002, the Company issued 963,500 shares of restricted common stock to employees and directors as compensation for services. The restricted common stock, which was fully vested upon issuance, was valued based upon the trading market prices on the dates of issuance, or $257,413 in the aggregate." (Source: Form: 10QSB Filing Date: 5/20/2002)
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