Prospectus Supplement No. 1
to Prospectus dated August 2, 2007
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Filed pursuant to Rule 424(b)(3)
File No. 333-144748
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Shares of Common Stock Beneficially Owned
After the Offering
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||||||||||||
Selling Stockholder (1)
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Number of Shares of Common Stock Beneficially Owned Prior to Offering
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Percent of Class
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Number of Shares of Common Stock Being Offered
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Number of Warrant Shares Being Offered (2)
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Number of Shares Beneficially Owned
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Percent of Class
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||||||
Stu Barich
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37,800
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*
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—
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37,800
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0
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*
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||||||
Jeff Cohen
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1,800
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*
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—
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1,800
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0
|
*
|
||||||
Kee Colen
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9,000
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*
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—
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9,000
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0
|
*
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||||||
Chris Hagar
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1,800
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*
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—
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1,800
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0
|
*
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||||||
James Irvine
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6,300
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*
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—
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6,300
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0
|
*
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||||||
Heb James
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540
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*
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—
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540
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0
|
*
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||||||
Jason Janosz
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1,800
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*
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—
|
1,800
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0
|
*
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||||||
Andrew Kaminsky
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1,800
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*
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—
|
1,800
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0
|
*
|
||||||
Vasilios Kofitsas
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5,940
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*
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—
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5,940
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0
|
*
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||||||
Steven Krasner
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540
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*
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—
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540
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0
|
*
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||||||
Ranan Lachman
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1,800
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*
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—
|
1,800
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0
|
*
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||||||
Zubin Mory
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6,300
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*
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—
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6,300
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0
|
*
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||||||
Ed Newman
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6,300
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*
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—
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6,300
|
0
|
*
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||||||
Option Opportunities Corp
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505,858
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*
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—
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505,858
|
0
|
*
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||||||
OTA LLC
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78,125
|
*
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—
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78,125
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0
|
*
|
||||||
Serena Puerta
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900
|
*
|
—
|
900
|
0
|
*
|
||||||
Stanley Stern
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7,740
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*
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—
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7,740
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0
|
*
|
||||||
Warberg Opportunistic Trading Fund LP
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482,423
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*
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—
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482,423
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0
|
*
|
||||||
Warrant Strategies Fund LLC
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875,001
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*
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—
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875,001
|
0
|
*
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||||||
Henry Williams
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4,500
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*
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—
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4,500
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0
|
*
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||||||
Rida Wong
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900
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*
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—
|
900
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0
|
*
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||||||
Sun Yung
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1,800
|
*
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—
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1,800
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0
|
*
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*
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Represents beneficial ownership of less than one percent of our outstanding stock.
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(1)
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The Selling Stockholders listed above include both stockholders that participated in the private placement (the “Original Selling Stockholders”) and stockholders who acquired warrants from certain of the Original Selling Stockholders subsequent to the closing of the private placement.
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(2)
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Represents the shares of common stock being registered pursuant to this prospectus that the selling stockholder may acquire upon exercise of warrants issued in connection with the private placement. The warrants have an exercise price of $2.00 per share. The warrants became exercisable on January 9, 2008, which is the date that was six months after the July 9, 2007 closing date for the private placement. In addition, the warrants contain a provision limiting the exercise thereof such that the number of shares of our common stock that may be acquired on less than 61 days notice upon exercise of the warrants is limited to the extent necessary to ensure that, following such exercise, the number of shares of our common stock then beneficially owned by the warrant holder and any other persons or entities whose beneficial ownership of common stock would be aggregated with such holders for purposes of the Securities and Exchange Act of 1934, as amended, does not exceed 4.99% of the total number of shares of our common stock then outstanding.
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