Subsequent Events (Tables)

9 Months Ended

Sep. 30, 2012

Subsequent Events [Abstract]

Schedule of Warrant Fair Value Assumptions and Methodology [Table Text Block]

The fair value of the warrant approximated $1.4 million and was measured using the Black-Scholes valuation model. The assumptions used by the Company are summarized in the following table:

Exercise price	$1.60
Expected dividends	0%
Expected volatility	153%
Risk free interest rate	0.82%
Expected life of warrant	5 years