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Stock Option Plans (Tables)
6 Months Ended
Jun. 30, 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 is estimated on the date of grant using the Black-Scholes option-pricing model. The following assumptions were used for the six months ended June 30, 2012 and 2011.

 

    2012     2011  
Risk-free interest rate     .92% - 1.10     2.13% - 2.46
Expected dividend yield     0 %     0 %
Expected stock price volatility     75 %     75 %
Expected life of options     5.75 years       5.75 years
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of all stock option activity for the six months ended June 30, 2012 follows:

 

    Number of
Options
    Weighted
Average
Exercise
Price
    Weighted-
Average
Remaining
Contractual
Term
    Aggregate
Intrinsic Value
 
                         
Outstanding at December 31, 2011     6,889,500     $ .20                  
Options granted     150,000     $ .17                  
Outstanding at June 30, 2012     7,039,500     $ .20       6.0 years     $ 564,355  
                                 
Exercisable at June 30, 2012     5,338,833     $ .22       5.1 years     $ 373,630