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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]  
Share-based Compensation Arrangement by Share-based Payment Award Options and Warrants Vested and Expected to Vest Outstanding and Exercisable [Table Text Block]

The Company has applied fair value accounting for all share based payment awards since inception. The fair value of each option or warrant granted is estimated on the date of grant using the Black-Scholes option pricing model. The Black-Scholes assumptions used in the years ended December 31, 2012 and 2011 are as follows:

 

    Year ended December 31,
    2012   2011
Exercise price   $1.69 - $2.47   $0.49 - $2.22
Expected dividends   0%   0%
Expected volatility   108% - 174%   175% - 188%
Risk fee interest rate   0.37% - 1.98%   1.30% - 3.58%
Expected life of option   5 - 10 years   5 - 7 years
Expected forfeitures   0%   0%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

During 2012, the Company granted 2,075,000 options to employees and consultants having an approximate fair value of $4.5 million based upon the Black-Scholes option pricing model.  During 2011, the Company granted 557,002 options to employees and consultants having an approximate fair value of $609,000 based upon the Black-Scholes option pricing model.

                Weighted        
                Average        
          Weighted     Remaining     Aggregate  
          Average Exercise     Contractual     Intrinsic  
    Options     Price     Life     Value  
Balance – December 31, 2010     2,539,091     $ 1.32       6.97 years     $ 1,028,000  
Granted     557,002     $ 1.26                  
Exercised     (23,333 )   $ 0.57                  
Forfeited     (93,750 )   $ 0.59                  
Balance – December 31, 2011     2,979,010     $ 1.34       6.01 years     $ -  
Granted     2,075,000     $ 2.21                  
Exercised     (374,851 )   $ 0.34                  
Forfeited     (225,413 )   $ 2.37                  
Balance – December 31, 2012 – outstanding     4,453,746     $ 1.78       6.43 years     $ 1,308,000  
Balance – December 31, 2012 – exercisable     2,891,877     $ 1.60       5.71 years     $ 1,160,000  
                                 
Grant date fair value of options granted – 2012           $ 4,467,984                  
Weighted average grant date fair value – 2012           $ 2.15                  
Grant date fair value of options granted – 2011           $ 609,000                  
Weighted average grant date fair value – 2011           $ 1.09                  
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable [Table Text Block]

The options outstanding and exercisable at December 31, 2012 are as follows:

 

Options Outstanding   Options Exercisable
          Weighted     Weighted Average         Weighted     Weighted Average
Range of         Average     Remaining         Average     Remaining
Exercise Price   Options     Exercise Price     Contractual Life   Options     Exercise Price     Contractual Life
$0.09 - $2.00     2,162,362     $ 1.78     5.76 years     1,801,187     $ 1.14     5.52 years
$2.01 - $3.00     2,212,227       2.26     7.15 years     1,011,533       2.17     6.14 years
$3.01 - $6.00     79,157       4.87     4.49 years     79,157       4.87     4.49 years
$0.09 - $6.00     4,453,746     $ 1.78     6.43 years     2,891,877     $ 1.60     5.71 years

 

The options outstanding and exercisable at December 31, 2011 are as follows:

 

Options Outstanding   Options Exercisable
          Weighted     Weighted Average         Weighted     Weighted Average
Range of         Average     Remaining         Average     Remaining
Exercise Price   Options     Exercise Price     Contractual Life   Options     Exercise Price     Contractual Life
$0.09 - $4.57     2,889,011     $ 1.20     6.11 years     2,364,608     $ 1.29     5.72 years
$4.58 - $9.05     89,999       5.93     2.76 years     89,999       5.93     2.76 years
$0.09 - $9.05     2,979,010     $ 1.34     6.01 years     2,454,607     $ 1.46     5.62 years
Share Based Compensation Arrangement By Share Based Payment Award Options Non Vested and Expected To Vest Exercisable [Table Text Block]

The following is a summary of the Company’s non-vested stock options at December 31, 2012:

 

        Weighted Average  
    Unvested     Grant  
    Stock Options     Date Fair Value  
Non-vested – December 31, 2011     524,403     $ 0.82  
Granted     2,075,000       2.21  
Vested/Exercised     (891,332 )     0.81  
Forfeited/Cancelled     (146,202 )     1.79  
Non-vested – December 31, 2012     1,561,869     $ 2.11  
Weighted average remaining period for vesting     2.09 years
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

The assumptions used by the Company are summarized in the following table:

 

Exercise price $2.20 
Expected dividends  0%
Expected volatility  110%
Risk free interest rate  0.26%
Expected life of warrant  2 years 

 

The assumptions used by the Company are summarized in the following table:

 

Exercise price $1.14 
Expected dividends  0%
Expected volatility  174%
Risk free interest rate  0.71%
Expected life of warrant  5 years 
Schedule Of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block]
On April 6, 2011, the fair value of the warrant liability was $1.5 million, which represented an increase in fair value of $765,000. The fair value was measured using the Black-Scholes valuation model. The assumptions used by the Company are summarized in the following table:

 

          Remeasurement  
    Commitment     Date  
    Date     April 6, 2011  
Closing stock price   $ 1.39     $ 2.08  
Expected dividend rate     0 %     0 %
Expected stock price volatility     117.1 %     104.6 %
Risk free interest rate     0.28 %     0.29 %
Expected life (years)     1.08       0.85  

 

On July 28, 2011, the fair value of the warrant liability was $253,000, which represented a decrease in fair value of $523,000. The fair value is measured using the Black-Scholes valuation model. The assumptions used by the Company are summarized in the following table:

 

          Remeasurement  
    Commitment     Date  
    Date     July 28, 2011  
Closing stock price   $ 2.08     $ 0.84  
Expected dividend rate     0 %     0 %
Expected stock price volatility     112.1 %     105.6 %
Risk free interest rate     0.29 %     0.21 %
Expected life (years)     1.08       1.04  

 

Schedule of Derivative Liabilities at Fair Value [Table Text Block]

The following table summarizes the estimated fair value of the warrant liabilities at December 31, 2011(in thousands):

 

Balance at December 31, 2010 $- 
Warrant liability  1,492 
Change in fair value of warrant liability  242 
Reclassification to additional paid-in capital  (1,734)
Balance at December 31, 2011 $- 
Schedule Of Warrant Activity [Table Text Block]

A summary of warrant activity for the Company for the year ended December 31, 2011 and for the year ended December 31, 2012 is as follows:

 

     Weighted Average 
  Number of Warrants  Exercise Price 
Balance at December 31, 2010  1,131,078  $3.49 
Granted  2,272,963   1.25 
Exercised  (15,615)  1.03 
Forfeited  (129,240)  2.08 
Balance as December 31, 2011  3,259,186   1.95 
Granted  985,855   1.71 
Exercised  (1,768,167)  1.11 
Forfeited  (844,373)  3.32 
Balance as December 31, 2012  1,632,501  $1.99
Schedule Of Warrant Outstanding and Exercisable [Table Text Block]

A summary of all outstanding and exercisable warrants as of December 31, 2012 is as follows:

 

 

Exercise
Price
  Warrants
Outstanding
  Warrants
Exercisable
  Weighted Average
Remaining
Contractual Life
  Aggregate
Intrinsic Value
 
$1.14   100,000   100,000   4.09 years  $62,000 
$1.32   18,182   18,182   3.00 years  $8,000 
$1.60   635,855   635,855   4.83 years  $102,000 
$2.20   250,000   50,000   1.20 years  $  
$2.22   517,257   517,257   3.91 years  $- 
$3.30   61,207   61,207   3.30 years  $- 
$3.75   50,000   50,000   3.13 years  $- 
$1.99   1,632,501   1,432,501   3.80 years  $172,000