Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
The term disclosure controls and procedures is defined in Rules
13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, or the Exchange
Act. This term refers to the controls and procedures of a company that are
designed to provide reasonable assurance that information required to be
disclosed by a company in the reports that it files or submits under the
Exchange Act is recorded, processed, summarized and reported within the time
periods specified by the Securities and Exchange Commission. Our management,
including our Chief Executive Officer and Chief Financial Officer, has
evaluated the effectiveness of our disclosure controls and procedures as of the
end of the period covered by this annual report. Based upon that evaluation,
our Chief Executive Officer and Chief Financial Officer have concluded that our
disclosure controls and procedures were effective in all material respects as
of the end of the period covered by this annual report.
There were no changes to our internal control over financial reporting
during our last fiscal quarter that has materially affected, or is reasonably
likely to materially affect, our internal control over financial reporting.
PART III
Item 10. Directors and Executive Officers of the Registrant
Reference is made to the information to be set forth in the section
entitled Board of Directors and Committees of the Board in the definitive
proxy statement in connection with our Annual Meeting of Stockholders to be
held in June 2004 (the Proxy Statement), which section is incorporated herein
by reference. Our Proxy Statement will be filed with the Securities and
Exchange Commission not later than 120 days after the last day of our fiscal
year ended December 31, 2003.
Item 11. Executive Compensation
Information required by Part III, Item 11, will be included in the section
entitled Election of Directors of our Proxy Statement relating to our annual
meeting of stockholders to be held in June 2004, and is incorporated herein
by reference.
Item 12. Security Ownership of Certain Beneficial Owners and Management
Information required by Part III, Item 12, will be included in the
Sections entitled Election of Directors and Security Ownership of Certain
Beneficial Owners and Management of our Proxy Statement relating to our annual
meeting of stockholders to be held in June 2004, and is incorporated herein by
reference.
The following table summarizes information with respect to equity
compensation plans under which equity securities of the registrant are
authorized for issuance as of December 31, 2003:
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Number of securities |
|
Weighted-average |
|
Number of |
| |
|
to be issued upon |
|
exercise price of |
|
securities |
| |
|
exercise of |
|
outstanding |
|
remaining |
| |
|
outstanding options |
|
options and |
|
available for |
Plan category (1)
|
|
and warrants
|
|
warrants
|
|
future issuance
|
Equity compensation
plans approved by
security holders |
|
|
3,855,731 |
|
|
$ |
1.00 |
|
|
|
1,815,539 |
|
Equity compensation
plans not approved
by security holders |
|
|
504,968 |
|
|
$ |
0.95 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
4,360,699 |
|
|
$ |
|
|
|
|
1,815,539 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (1) |
|
See Note 4 to the Consolidated Financial Statements for more detailed
information regarding the registrants equity compensation plans. |
72