The US Bankruptcy Court approved the modified first amended plan of reorganization with related disclosure statement of Positron Corporation on May 23, 2017. The debtor has filed its modified first amended plan in the Court on April 26, 2017 and disclosure statement on March 27, 2017. As per the amended plan, Administrative Expenses, U.S. Trustee Fees, Professional Compensation, Priority Tax Claims and Priority Unsecured Claims of $0.04 million will be paid in full. Litigation claim of Tradex will also be paid in full from the sale proceeds of Westmont Real Property. Holders of General Unsecured Claims of $0.99 million will receive pro rata distribution of $0.05 million. Holders of General Unsecured Claims-Insider Notes will have the option to convert their notes to equity in the reorganized Positron subsuming and distributing pro-rata among the insider note holders or at the historical conversion rate of a 45% discount of the current price of the stock. Small General Unsecured Claims (Convenience Class) consists of small creditors with claims of less than $1,000. Equity Interest Holders will be reinstated. The plan will be funded from cash in hand and sale of assets.