,765 shares of common stock available for grant under the plans. Stock-based compensation is recognized as provided under FASB ASC Topic 718-10 and FASB ASC Topic 505-50. FASB ASC Topic 718-10 requires all share- based payments to employees, including grants of employee stock options, to be recognized as

ns if the Proposed Offering is not completed. Income Tares: The Company follows the asset and liability method of accounting for income taxes under FASB ASC, 740, "Income Taxes." Deferral tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences betw

he award. Income Taxes The Company reports income taxes in accordance with Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 740, Income Taxes, which requires an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recognize

er 31 and more frequently if events and circumstances indicate that the asset might be impaired. The impairment test is performed in accordance with FASB ASC 350 —Intangibles—Goodwill and Other, and an impairment loss is recognized to the extent that the carrying amount exceeds the reporting unit's fair