Filing Details

Aggregate Beneficial Ownership:

As of the date of this Report, the Reporting Person beneficially owned the following securities of the Issuer:

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Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares. Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the persons actual ownership or voting power with respect to the number of shares of common stock actually outstanding on the date of this Schedule 13D Statement. As of January 31, 2017, the Issuer had 55,013,874 shares of common stock, issued and outstanding.

The shares of the Issuer listed as beneficially owned by Mr. Graber include (i) 3,290,978 shares of the Issuers common stock directly held by him; (ii) warrants to purchase up to 800,000 shares of the Issuers common stock at a price of USD$0.30 per share, expiring October 20, 2017; (iii) 900,000 shares of the Issuers common stock beneficially owned by X-L Investments, a Texas partnership over which the Reporting Person has shared voting and shared dispositive power, (iv) 431,000 shares of the Issuers common stock beneficially owned by Four Star Investments, a Texas partnership over which Mr. Graber has shared voting and shared dispositive power; and (v) 30,000 shares of the Issuers common stock beneficially owned by Mr. Grabers wife, to which Mr. Graber has shared voting and shared dispositive power.

Power to Vote and Dispose of the Issuer Shares:

Mr. Graber has sole voting and dispositive power with respect to the securities of the Issuer held directly in his name and shared voting and dispositive power with respect to the securities of the Issuer beneficially owned by, Mr. Grabers spouse, X-L Investments and Four Star Investments.

Transactions Effected During the Past 60 Days:

Between December 5, 2016 and December 13, 2016, the Reporting Person sold 50,000 shares of the Issuers common stock on the open market at prices ranging from $0.1408 to $0.1616 per share.

Between January 17, 2017 and January 24, 2017, the Reporting Person purchased 34,842 shares of the Issuers common stock on the open market at prices ranging from $0.16 to $0.201 per share.

On January 31, 2017, warrants to purchase 400,000 shares of the Issuers common stock at a price of USD$0.30 per share, expiring October 20, 2017, originally acquired by X-L Investments on October 20, 2014, were transferred to the Reporting Person.

Right of Others to Receive Dividends or Proceeds of Sale:

No person has the right to receive or the power to direct the receipt of dividends or the proceeds from the sale of the Shares other than the Reporting Person.

Date Ceased to be the Beneficial Owner of More Than Five Percent:

Not Applicable.