Annual report pursuant to Section 13 and 15(d)

Separation of Former CEO

v2.4.0.6
Separation of Former CEO
12 Months Ended
Dec. 31, 2012
Separation of Former CEO [Abstract]  
Separation of Former CEO
9. Separation of Former CEO

 

In March 2011, Navidea announced the departure of our then-current President and CEO, David C. Bupp, effective April 15, 2011. The following table summarizes accrued expenses as of December 31, 2012 and 2011, including employer payroll tax obligations, related to the provisions of Mr. Bupp's separation agreement:

 

    As of December 31,  
    2012     2011  
Separation   $ --     $ 180,074  
Pro-rated 2011 bonus     --       60,870  
Estimated cost of continuing healthcare coverage     24,747       61,875  
    $ 24,747     $ 302,819