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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 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 years ended December 31, 2013 and 2012 are as follows:
 
 
 
Year ended December 31,
 
 
2013
 
2012
Exercise price
 
$1.64 - $1.74
 
$1.69 - $2.47
Expected dividends
 
0%
 
0%
Expected volatility
 
141% - 154%
 
108% - 174%
Risk fee interest rate
 
0.77% - 2.54%
 
0.37% - 1.98%
Expected life of option
 
5 – 10 years
 
5 - 10 years
Expected forfeitures
 
0%
 
0%
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of stock option activities for the year ended December 31, 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
 
 
 
$
661,000
 
Forfeited
 
 
(225,413)
 
$
2.37
 
 
 
 
 
 
Balance - December 31, 2012
 
 
4,453,746
 
$
1.78
 
6.43 years
 
$
1,308,000
 
Granted
 
 
222,500
 
$
1.69
 
 
 
 
 
 
Exercised
 
 
(291,666)
 
$
0.79
 
 
 
$
71,000
 
Forfeited
 
 
(475,000)
 
$
2.30
 
 
 
 
 
 
Balance - December 31, 2013 - outstanding
 
 
3,909,580
 
$
1.78
 
5.59 years
 
$
785,000
 
Balance - December 31, 2013 - exercisable
 
 
3,153,537
 
$
1.69
 
5.24 years
 
$
773,000
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grant date fair value of options granted - 2013
 
 
 
 
$
350,000
 
 
 
 
 
 
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
 
 
 
 
 
 
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, 2013 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
 
 
2,093,196
 
$
1.29
 
4.73 years
 
 
1,901,737
 
$
1.25
 
4.64 years
 
$2.01 - $3.00
 
 
1,770,560
 
 
2.28
 
6.65 years
 
 
1,205,976
 
 
2.26
 
6.25 years
 
$3.01 - $6.00
 
 
45,824
 
 
5.24
 
3.62 years
 
 
45,824
 
 
5.24
 
3.62 years
 
$0.09 - $6.00
 
 
3,909,580
 
$
1.78
 
5.59 years
 
 
3,153,537
 
$
1.69
 
5.24 years
 
 
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
 
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, 2013:
 
 
 
 
 
 
Weighted Average
 
 
 
Unvested
 
Grant
 
 
 
Stock Options
 
Date Fair Value
 
Non-vested - December 31, 2012
 
 
1,561,869
 
$
2.11
 
Granted
 
 
222,500
 
 
1.69
 
Vested/Exercised
 
 
(883,882)
 
 
1.93
 
Forfeited/Cancelled
 
 
(144,444)
 
 
2.27
 
Non-vested - December 31, 2013
 
 
756,043
 
$
2.17
 
Weighted average remaining period for vesting
 
 
1.30 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 Warrant Activity [Table Text Block]
A summary of warrant activity for the Company for the year ended December 31, 2012 and for the year ended December 31, 2013 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 as December 31, 2012
 
 
1,632,501
 
 
1.99
 
Granted
 
 
-
 
 
-
 
Exercised
 
 
-
 
 
-
 
Forfeited
 
 
-
 
 
-
 
Balance as December 31, 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 December 31, 2013 is as follows:
 
 
 
 
 
 
 
 
 
 
Weighted Average
 
 
 
 
Exercise
 
Warrants
 
Warrants
 
Remaining
 
Aggregate
 
Price
 
Outstanding
 
Exercisable
 
Contractual Life
 
Intrinsic Value
 
$
1.14
 
 
100,000
 
 
100,000
 
 
3.09 years
 
$
43,000
 
$
1.32
 
 
18,182
 
 
18,182
 
 
2.00 years
 
$
4,000
 
$
1.60
 
 
635,855
 
 
635,855
 
 
3.82 years
 
$
-
 
$
2.20
 
 
250,000
 
 
50,000
 
 
0.20 years
 
$
-
 
$
2.22
 
 
517,257
 
 
517,257
 
 
2.91 years
 
$
-
 
$
3.30
 
 
61,207
 
 
61,207
 
 
1.41 years
 
$
-
 
$
3.75
 
 
50,000
 
 
50,000
 
 
2.13 years
 
$
-
 
$
1.99
 
 
1,632,501
 
 
1,432,501
 
 
2.77 years
 
$
47,000