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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2013
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 Black-Scholes assumptions used in the three and nine months ended September 30, 2013 and 2012 are as follows:
 
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
 
2013
 
2012
 
2013
 
 
2012
 
Exercise price
 
-
 
$1.96- $2.27
 
$
1.74
 
 
$1.70- $2.47
 
Expected dividends
 
-
 
0%
 
 
0
%
 
0%
 
Expected volatility
 
-
 
153%
 
 
148
%
 
108% - 174%
 
Risk free interest rate
 
-
 
0.63% - 0.65%
 
 
0.77
%
 
0.37% - 1.98%
 
Expected life of option
 
-
 
5 years – 10 years
 
 
5 years
 
 
5 years – 10 years
 
Expected forfeitures
 
-
 
0%
 
 
0
%
 
0%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of stock option activities as of September 30, 2013, and for the year ended December 31, 2012, is as follows:
 
 
 
 
 
 
 
 
 
Weighted
 
 
 
 
 
 
 
 
 
 
 
 
Average
 
 
 
 
 
 
 
 
 
Weighted
 
Remaining
 
Aggregate
 
 
 
 
 
 
Average Exercise
 
Contractual
 
Intrinsic
 
 
 
Options
 
Price
 
Life
 
Value
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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
 
 
4,453,746
 
$
1.78
 
 
6.43 years
 
$
1,308,000
 
Granted
 
 
117,500
 
$
1.74
 
 
 
 
 
 
 
Exercised
 
 
(291,666)
 
$
0.79
 
 
 
 
 
 
 
Forfeited
 
 
(475,000)
 
$
2.31
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance – September 30, 2013 - outstanding
 
 
3,804,580
 
$
1.79
 
 
5.76 years
 
$
932,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Balance – September 30, 2013 - exercisable
 
 
2,902,307
 
$
1.67
 
 
5.27 years
 
$
903,000
 
Grant date fair value of options granted - 2013
 
 
 
 
$
185,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average grant date fair value - 2013
 
 
 
 
$
1.57
 
 
 
 
 
 
 
Grant date fair value of options granted - 2012
 
 
 
 
$
4,468,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average grant date fair value - 2012
 
 
 
 
$
2.15