13D
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1
|
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
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Dennis Brown
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2
|
CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
|
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(a) o
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(b) o Reporting person is affiliated with other persons | ||||||
3
|
SEC USE ONLY
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4
|
SOURCE OF FUNDS
|
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OO
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5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
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o
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6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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7
|
SOLE VOTING POWER
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|
3,981,042
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NUMBER OF
|
8
|
SHARED VOTING POWER
|
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SHARES
|
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BENEFICIALLY
|
|
0
|
||||
OWNED BY
|
9
|
SOLE DISPOSITIVE POWER
|
||||
EACH REPORTING
|
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PERSON WITH
|
|
3,981,042
|
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10
|
SHARED DISPOSITIVE POWER
|
|||||
|
0
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||||
3,981,042*
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12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|||||
o
|
||||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
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16.0%**
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14
|
TYPE OF REPORTING PERSON
|
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IN
|
CUSIP No. 247078108
|
13D
|
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1
|
NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
|
|||||
Valent Technologies LLC
|
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2
|
CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP
|
|||||
(a) o
|
||||||
(b) o Reporting person is affiliated with other persons | ||||||
3
|
SEC USE ONLY
|
|||||
4
|
SOURCE OF FUNDS
|
|||||
OO
|
||||||
5
|
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
|
|||||
o
|
||||||
6
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
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California
|
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7
|
SOLE VOTING POWER
|
|||||
|
2,150,000
|
|||||
NUMBER OF
|
8
|
SHARED VOTING POWER
|
||||
SHARES
|
||||||
BENEFICIALLY
|
|
0
|
||||
OWNED BY
|
9
|
SOLE DISPOSITIVE POWER
|
||||
EACH REPORTING
|
||||||
PERSON WITH
|
|
2,150,000
|
||||
10
|
SHARED DISPOSITIVE POWER
|
|||||
|
0
|
|||||
11
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|||||
2,150,000*
|
||||||
12
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
|
|||||
o
|
||||||
13
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
|||||
8.8% **
|
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14
|
TYPE OF REPORTING PERSON
|
|||||
OO
|
(a)
|
As of the date hereof, Mr. Brown beneficially owns 3,981,042 shares of the Issuer’s common stock, which represents approximately 16.0% of the Issuer’s common stock. Valent beneficially owns 2,150,000 shares of the Issuer’s common stock, which represents approximately 8.8% of the Issuer’s common stock. Mr. Brown is the sole member and owner of Valent and holds sole voting and dispositive power over its shares.
|
(b)
|
Mr. Brown may be deemed to hold sole voting and dispositive power over 3,981,042 shares of common stock of the Issuer. Valent may be deemed to hold sole voting and dispositive power over 2,150,000 shares of common stock of the Issuer
|
(c)
|
On August 2, 2013, Mr. Brown was issued 34,000 shares of common stock of the Issuer, upon exercise of warrants for no additional consideration. On August 16, 2013, Mr. Brown was issued ten-year options to purchase 350,000 shares of common stock of the Issuer with an exercise price of $1.05. The options vest in equal monthly installments over one year. Other than as reported herein, the Reporting Persons have not effected any transactions in the securities of the Issuer during the past 60 days or since the most recent filing of Schedule 13D, whichever is less.
|
(d)
|
To the best knowledge of the Reporting Persons, no person other than the Reporting Persons has the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of the 3,981,042 shares of common stock reported in Item 5(a).
|
(e) | Not applicable. |
Valent Technologies LLC | |||
|
By:
|
/s/ Dennis Brown | |
Dennis Brown, Managing Member/Owner | |||
September 18,2013
|
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/s/ Dennis Brown | |||
Name: Dennis Brown | |||
September 18, 2013 | |||