Convertible Preferred Stock	6 Months Ended
Jun. 30, 2012
Convertible Preferred Stock [Abstract]
Preferred Stock [Text Block]	Convertible Preferred Stock On May 11, 2012, the Company entered into a securities purchase agreement with an unaffiliated third party that is an “accredited investor” (as defined in Rule 501 of Regulation D as promulgated under the Securities Act of 1933, as amended) pursuant to which the Company sold 545,454 shares of the Company's Series A Convertible Preferred Stock for gross proceeds of $6.0 million and aggregate net proceeds of $5.8 million after fees and expenses. The Series A Convertible Preferred Stock has a liquidation preference of $11.00 per share, plus accrued and unpaid dividends, and a redemption premium equal to one percent (1%). Commencing on May 31, 2012, the Company has been paying cumulative dividends on the Series A Convertible Preferred Stock monthly in arrears at the annualized rate of $0.77 per share. The Series A Convertible Preferred Stock is convertible into the Company's common stock, at the option of the holder of the Series A Preferred Convertible Stock, at a conversion price equal to $11.00 per share, beginning one year after the date of issuance. The Company, at its option, may redeem the Series A Convertible Preferred Stock, in whole or in part, at $11.00 per share. The Series A Convertible Preferred Stock ranks senior to the Company's common stock on parity with the Company's Series B Convertible Stock, and junior to any other preferred stock the Company may issue other than additional series of the Series A Convertible Preferred Stock or Series B Convertible Preferred Stock.

Convertible Preferred Stock

On May 11, 2012, the Company entered into a securities purchase agreement with an unaffiliated third party that is an “accredited investor” (as defined in Rule 501 of Regulation D as promulgated under the Securities Act of 1933, as amended) pursuant to which the Company sold 545,454 shares of the Company's Series A Convertible Preferred Stock for gross proceeds of $6.0 million and aggregate net proceeds of $5.8 million after fees and expenses.

The Series A Convertible Preferred Stock has a liquidation preference of $11.00 per share, plus accrued and unpaid dividends, and a redemption premium equal to one percent (1%). Commencing on May 31, 2012, the Company has been paying cumulative dividends on the Series A Convertible Preferred Stock monthly in arrears at the annualized rate of $0.77 per share.

The Series A Convertible Preferred Stock is convertible into the Company's common stock, at the option of the holder of the Series A Preferred Convertible Stock, at a conversion price equal to $11.00 per share, beginning one year after the date of issuance. The Company, at its option, may redeem the Series A Convertible Preferred Stock, in whole or in part, at $11.00 per share.

The Series A Convertible Preferred Stock ranks senior to the Company's common stock on parity with the Company's Series B Convertible Stock, and junior to any other preferred stock the Company may issue other than additional series of the Series A Convertible Preferred Stock or Series B Convertible Preferred Stock.