The Company recorded compensation expense of $26,382 and $56,304 for the three and nine months ended September 30, 2011, respectively related to prior restricted stock awards. Compensation expense related to restricted stock grants is a non-cash expense and is included in selling, general and administrative expenses in the accompanying statement of operations. At September 30, 2011, 10,000 shares of restricted common stock are non-vested. At September 30, 2011, there was $15,696 of total unrecognized compensation expense related to non-vested restricted common stock that is expected to be recognized over a period of six months.