Equity-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Equity-Based Compensation [Abstract]

Fair Value, Weighted Average Assumtions [Table Text Block]

	Nine Months Ended September 30,
	2012	2011
Risk-free interest rate	0.68% - 0.86%	0.89% - 2.24%
Expected dividend yield	-	-
Expected lives	5.0 years	5.0 years
Expected volatility	108.76%-111.95%	104.29 - 104.88
Weighted average grant date fair value per options and warrants issued	$0.23 per option for 1,499,000 options	$0.30 per option for 990,000 options

Stock Option Activity [Table Text Block]

Stock option activity for employees:

	Number of Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term(Years)	Aggregate Intrinsic Value
Outstanding January 1, 2012	8,252,480	$ 2.11	5.75	$0
Granted	1,199,000	0.45	9.76	0.35
Forfeited	(10,000)	1.30	1.30	0
Outstanding September 30, 2012	9,441,480	$ 1.90	5.60	$0
Vested and expected to vest September 30, 2012	9,441,480	$ 1.90	5.60	$0
Exercisable September 30, 2012	8,593,690	$ 2.04	5.21	$0

Options to purchase 1,199,000 shares were granted to employees during the nine months ended September 30, 2012.These options were issued at a premium value of 110% of the NYSE MKT stock closing price and vest one year from the issuance date.The weighted average grant-date fair values of the options granted during the nine months ended September 30, 2012 and 2011 were $284,000 and $279,000, respectively.

Unvested stock option activity for employees:

	Number of Options	Weighted Average Exercise Price		Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding January 1, 2012	148,333	$0.49		9.52	$0
Granted	809,458	0.44		9.77	0.36
Vested	(100,001)		0.37	8.98	0.43
Forfeited	(10,000)		1.30	5.50	0
Outstanding September 30, 2012	847,790	$ 0.45		9.74	$0.35

Stock option activity for non-employees:

	Number of Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding January 1, 2012	3,128,432	$1.87	5.25	$0
Granted	300,000	0.29	9.75	0.51
Exercised	0	0	0	0
Forfeited	0	0	0	0
Outstanding September 30, 2012	3,428,432	$1.73	4.96	$0
Vested and expected to vest September 30, 2012	3,428,432	$1.73	4.96	$0
Exercisable September 30, 2012	3,100,303	$1.87	4.64	$0

Options to purchase 300,000 shares were granted to non-employees during the nine months ended September 30, 2012.These options were issued at a premium value of 110% of the NYSE MKT stock closing price and vest one year from the issuance date. The weighted-average grant-date fair value of non-employee options granted during the nine months ended September 30, 2012 and 2011 was approximately $60,000 and $17,000, respectively.

Unvested stock option activity for non-employees during the year:

	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value
Outstanding January 1, 2012	256,250	$0.71		8.55	$    0
Options granted	300,000	0.29		9.75	0.51
Options vested	(228,121)		0.57	7.98	0.23
Options forfeited	0	0		0	0
Outstanding September 30, 2012	328,129	$0.43		9.68	$0.34

The impact on the Company's results of operations of recording equity-based compensation for the nine months ended September 30, 2012 and 2011 was to increase general and administrative expenses by approximately $195,000 and $348,000 respectively.The impact on basic and fully diluted earnings per share for the nine months ended September 30, 2012 and 2011 was $0.00 and $0.00, respectively.