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SUBSEQUENT EVENT
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9 Months Ended |
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Sep. 30, 2014
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| Subsequent Events [Abstract] | |
| SUBSEQUENT EVENT |
10. SUBSEQUENT EVENTS
October 22, 2014, the Company’s Board of Directors has authorized management to initiate a process for the sale of the Company. After its evaluation of strategic alternatives, the Board of Directors determined that pursuing a sale of the Company is the best course of action to maximize stockholder value and is accordingly in the best interest of all stockholders.
On October 28, 2014, a group of dissident minority stockholders (the “Dissident Stockholders”) of the Company filed a definitive consent solicitation statement seeking to call a special meeting to appoint certain individuals to the Company’s board of directors and to make changes to the Company’s bylaws. The Company will incur costs and expenses responding to the solicitation, which could be material to the Company’s results of operations. |