The Reverse Split was approved by the Company’s Board of Directors on November 24, 2010 in accordance with the applicable provisions of the Company’s Bylaws and the Delaware General Corporation Law, and subject to approval by the Financial Industry Regulatory Authority (FINRA). FINRA approved the Reverse Split, effective at the open of business on February 3, 2011. The aggregate number of authorized shares of common stock and the par value of the common stock were not affected by the Reverse Split.