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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2012
Stock-Based Compensation [Abstract]  
Summary of Share Based Compensation of Fair Value Assumptions
         
    Six months ended
June 30, 2012
  Six months ended
June 30, 2011

Expected volatility

  85.41% -111.36%   76.91% -102.63%

Expected dividend yield

  0.00%   0.00%

Risk-free interest rate

  1.02% –1.98%   2.25% –3.25%

Expected life

  5.5 – 10.0 years   5.5 –10.0 years

Forfeiture rate

  0% - 2%   0% - 5%
Summary of Company's Stock Option activity
                                 
    Shares     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term (Years)
    Aggregate
Intrinsic
Value
 

Outstanding at December 31, 2011

    1,628,167     $ 1.35       6.26          

Granted

    813,500     $ 0.66       9.64          

Exercised

    —         —                    

Canceled or expired

    (97,167   $ 2.43                  
   

 

 

                         

Outstanding at June 30, 2012

    2,344,500     $ 1.06       7.11     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at June 30, 2012

    1,128,125     $ 1.30       5.39     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Vested and expected to vest at

June 30, 2012

    2,292,060     $ 1.07       7.08     $ 0