Stock-based Compensation (Tables)

6 Months Ended

Jun. 30, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

Disclosure of Share-based Payment Awards [Table Text Block]

During the second quarter of 2012, the Company made the following option grants:

							Black-Scholes Option Pricing Inputs
Grant date	Number of options		Recipient		Fair value		Exercise price		Volatility			Interest rate			Expected term		Expected dividend yield
February 13, 2012 1		100,000		Employee	$	1.4600	$	2.40		133	%		1.25	%		4.75 years		Zero
April 2, 2012		50,000		Independent directors	$	1.7261	$	2.00		135	%		1.47	%		4.75 years		Zero

¹ The terms of the grant were finalized in the second quarter, effective as of the employment date.

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following summarizes the changes in common stock options for the six months ended June 30, 2012:

	Options			Weighted Average Exercise Price
Outstanding at December 31, 2011		3,141,198		$	1.65
Granted		1,040,000		$	2.04
Exercised		(21,750	)	$	0.63
Forfeited		(250,000	)	$	1.83
Expired		(1,250	)	$	1.40
Outstanding at June 30, 2012		3,908,198		$	1.75
Options exercisable at June 30, 2012		1,283,198		$	1.37