Note 15 - Commitments and Contingencies On June 1, 2011, the Company entered into an employment agreement with Stuart Goldfarb, a current director of the Company, pursuant to which Mr. Goldfarb will serve as the Company s President and Chief Executive Officer. Unless earlier terminated in accordance with the terms of the agreement, Mr. Goldfarb s employment will continue until December 31, 2014. During the term of the agreement, Mr. Goldfarb will receive a base salary of $400,000 per annum, which is subject to increase at the end of each year of the term at the discretion of the Company s board of directors, provided that Mr. Goldfarb s salary will not be less than $420,000 beginning June 1, 2012 and less than $450,000 beginning June 1, 2013. The agreement provides that Mr. Goldfarb will be eligible to receive a target annual bonus equal to his base salary for each calendar year during the term if the Company s operations meet or exceed certain financial performance standards to be determined by the board of directors. For the fiscal year ending December 31, 2011, Mr. Goldfarb will receive a bonus of $200,000 in the event certain financing criteria are satisfied. Mr. Goldfarb will also be able to participate in any other compensation plan or other perquisites generally made available to the Company s executive officers from time to time and will receive four weeks of vacation per year. Mr. Goldfarb s agreement further provides that, within 120 days of June 1, 2011, the Company will grant to Mr. Goldfarb restricted stock units to acquire 625,000 shares of the Company s common stock pursuant to its 2009 Stock Incentive Plan. The RSUs will vest with respect to 218,750 shares on June 1, 2011, 156,250 RSUs will vest in the event certain financing criteria are satisfied, 125,002 RSUs will vest in equal monthly installments over the term of the agreement, and 41,666 RSUs will vest in each of calendar year 2012, 2013, and 2014 if the Company s business operations meet or exceed certain financial performance standards to