| Subsequent Events |
Note 14 — Subsequent Events | (a) | | In January and February 2014, 626,805 warrants to purchase an aggregate of 626,805 shares of the Company’s common stock, at an exercise price of $1.76 per share, were exercised by its warrant holders, pursuant to which it received an additional $1,103. In addition, 699,606 options and RSUs, collectively, to purchase 699,606 shares of the Company’s common stock, issued to employees, directors and management, were exercised. As a result, the Company received an additional $1,455. | | | | | | (b) | | On February 20, 2014, the Board approved a new grant of 1,025,000 options, at an exercise price of $4.10, to the Company’s directors and certain members of management, granted under the 2012 Plan. The options granted to directors will vest quarterly over a one year period. The options granted to certain members of management will vest quarterly over a three year period. The full impact of these events on the Company’s financial statements has not yet been determined, however, the Company believes that such effect will be material. | | | | | | (c) | | On February 18, 2014, the Company executed the sale of its mobile social application business to Infomedia, in exchange for 18 Class B shares of Infomedia, which represent an 8.25% ownership interest (refer to Note 7). The Infomedia Class B shares were accounted for as a cost-method investment. | |