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Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The fair value of each option grant was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:

 

    2012   2011  
Risk-free interest rate   1.25% - 1.47%   1.49% - 2.90%  
Expected life (years)   4.75   4.75 – 6.80  
Expected volatility   133% - 135%   262% - 323%  
Expected dividend yield   Zero   Zero  
Expected forfeitures   Zero   Zero  
Disclosure of Share-based Payment Awards [Table Text Block]

The following summarizes the changes in common stock options for the years ended December 31, 2012 and 2011:

 

    2012     2011  
   

 

 

 

Options

   

Weighted

Average

Exercise

Price

   

 

 

 

Options

   

Weighted

Average

Exercise

Price

 
Outstanding at beginning of year     3,141,198     $ 1.65       728,246     $ 0.89  
Granted     1,040,000     $ 2.04       2,520,000     $ 1.88  
Exercised     (31,750 )   $ 0.61       (50,000 )   $ 0.90  
Expired     (1,250 )   $ 1.40       (57,048 )   $ 2.73  
Forfeited     (250,000 )   $ 1.83           $  
Outstanding at end of year     3,898,198     $ 1.75       3,141,198     $ 1.65  
                                 
Options exercisable at year end     1,298,198     $ 1.39       791,198     $ 1.08  
                                 
Weighted-average fair value of options granted during the year           $ 1.75             $ 0.93  
Schedule of Nonvested Option Activity [Table Text Block]

The following summarizes the changes in unvested common stock options for the years ending December 31, 2012 and 2011:

 

   

 

 

 

Options

   

Weighted

Average

Grant Date

Fair Value

 
Unvested at December 31, 2011     2,350,000     $ 0.83  
Granted     1,040,000     $ 1.75  
Vested     (540,000 )   $ 0.87  
Forfeited     (250,000 )   $ 0.20  
Unvested at December 31, 2012     2,600,000     $ 1.23  

 

   

 

 

 

Options

   

Weighted

Average

Grant Date

Fair Value

 
Unvested at December 31, 2010     97,500     $ 0.29  
Granted     2,520,000     $ 0.93  
Vested     (267,500 )   $ 1.77  
Unvested at December 31, 2011     2,350,000     $ 0.83
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

The following table summarizes information about all stock options outstanding at December 31, 2012:

 

 

 

 

Exercise price

 

 

 

Options

Outstanding

   

Weighted

Average

Remaining

Life (years)

   

Weighted

Average

Exercise

Price

   

 

 

Number

Exercisable

   

Weighted

Average

Remaining

Life (years)

   

Weighted

Average

Exercise

Price

 
$ 0.08 to $ 0.15     80,000       3.75     $ 0.12       50,000       3.65     $ 0.12  
$ 0.51 to $ 1.11     545,000       1.07     $ 0.82       515,000       0.82     $ 0.81  
$ 1.83 to $ 1.97     2,130,000       7.00     $ 1.87       705,000       6.63     $ 1.86  
$ 2.00 to $ 2.40     1,143,198       6.13     $ 2.07       28,198       5.08     $ 2.40  
      3,898,198       5.85     $ 1.75       1,298,198       4.18     $ 1.39