Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

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Stockholders' Equity
3 Months Ended
Mar. 31, 2012
Stockholders' Equity

Note 9. Stockholders’ Equity

 

Common Stock — At March 31, 2012, the authorized common stock of the Company included up to 400,000,000 shares. Holders of the Company’s common stock are entitled to one vote for each share of common stock. At March 31, 2012 and December 31, 2011, there were 23,161,585 shares of common stock outstanding.

 

Preferred Shares — The Company is authorized to issue 1,000,000 preferred shares with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. At March 31, 2012 and December 31, 2011, there were no shares of preferred stock outstanding.