6. Stockholders' Equity On June 29, 2001, the Company acquired substantially all the assets of Cool Springs Associates, Inc. d/b/a EarningsInsights ("EI") pursuant to an asset purchase agreement by and among us, EI and certain stockholders of EI (the "Asset Purchase Agreement"). The purchase price for the acquisition consisted of a $2 million cash payment and the issuance by us of a warrant to purchase 300,000 shares of common stock at an exercise price of $5.08 per share. The warrant was issued on June 29, 2001 and will expire seven years therefrom. The warrant may be exercised in whole or in part during the seven-year exercise period. The warrant was valued as of the issuance date at $637,000 based on the Black-Scholes Option Pricing Model from publicly available sources of information. 7. Stock Option Plans Key Person Stock Plan In March 1985, the Board of Directors approved the Company's Key Person Stock Plan (the "Key Person Plan") and authorized that 560,000 shares of common stock be reserved for issuance under such plan. Under the terms of the Key Person Plan, the Company is authorized to sell shares at the then fair market value of common stock to officers and other key employees of and consultants to the Company. To date, 394,800 have been issued under the Key Person Plan, of which an aggregate 112,000 shares were repurchased by the Company and are held in treasury at March 31, 2002 and 2001. No common stock was issued pursuant to this plan during the years ended March 31, 2002, 2001 and 2000. At March 31, 2002, 165,200 shares of common stock were available for future issuance; however, the Company does not intend to issue additional shares under the Key Person Plan. Incentive Stock Option Plan On January 26, 1993, the Board of Directors approved the Company's 1992 Incentive Stock Option Plan (the "1992 Plan"). Under the terms of the 1992 Plan, the Company is authorized to grant incentive stock options to purchase shares of common stock to officers and other employees of and consultants to the Company. The aggregate number of shares of common stock which may be issued pursuant to the 1992 Plan is 812,000. Vesting is determined by the Board of Directors. All options issued were issued to employees and vested immediately upon issuance. At March 31, 2002, no options were available for future grant under the 1992 Plan. 1997 Stock Plan In October 1997, the Board of Directors approved the Company's 1997 Stock Plan (the "Plan"), and authorized that 500,000 shares of common stock be reserved for issuance under such plan. Under the terms of the Plan, the Company is authorized to grant incentive stock options and non-qualified stock options, as well as awards and direct purchases of common stock to employees, consultants, directors and officers of the Company. In March 1998, the Board of Directors voted to amend the Stock Plan to provide, among other things, that the number of shares reserved for issuance under the Stock Plan be increased from 500,000 shares of common stock to 1,500,000 shares of common stock. In March 1999, the Board of Directors voted to increase the authorized number of shares for issuance under the Plan to 3,000,000, which vote was ratified and approved by the Company's shareholders at the July 28, 1999 Annual Meeting of Shareholders.