Stock Purchase Warrants (Tables)

9 Months Ended

Sep. 30, 2013

Stock Purchase Warrants [Abstract]

Schedule of Warrant Activity [Table Text Block]

A summary of warrant activity for the Company for the nine months ended September 30, 2013 and for the year ended December 31, 2012 is as follows:

			Weighted Average
	Number of Warrants		Exercise Price
Balance at 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 at December 31, 2012		1,632,501		1.99
Granted		-		-
Exercised		-		-
Forfeited		-		-
Balance at September 30, 2013		1,632,501	$	1.99

Schedule of Warrant Outstanding and Exercisable [Table Text Block]

A summary of all outstanding and exercisable warrants as of September 30, 2013 is as follows:

						Weighted Average
Exercise		Warrants		Warrants		Remaining		Aggregate
Price		Outstanding		Exercisable		Contractual Life		Intrinsic Value
$	1.14		100,000		100,000		3.34 years	$	54,000
$	1.32		18,182		18,182		2.25 years	$	6,000
$	1.60		635,855		635,855		4.08 years	$	51,000
$	2.20		250,000		50,000		0.45 years	$	-
$	2.22		517,257		517,257		3.16 years	$	-
$	3.30		61,207		61,207		1.66 years	$	-
$	3.75		50,000		50,000		2.38 years	$	-
$	1.99		1,632,501		1,432,501		3.03 years	$	111,000