General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

v2.3.0.11
Summary of Significant Accounting Policies (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2012
Dec. 31, 2011
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]
   
Carrying Value
   
Estimated
Fair Value
 
Related party BSC convertible notes payable
  $ 4,338,601     $ 3,469,704  
Convertible note payable
    2,000,000       2,000,000  
Junior secured notes payable
    192,120       1,832,102  
 
  
Carrying Value
 
  
Estimated
Fair Value
 
Related party BSC convertible notes payable
  
$
3,500,000
  
  
$
3,500,000
  
2010 unsecured convertible notes payable
  
 
3,953,595
  
  
 
4,071,000
  
2010 junior secured notes payable
  
 
194,314
  
  
 
1,746,222
  
2011 related party unsecured convertible notes payable
  
 
877,294
  
  
 
1,310,000
  
2011 junior secured note payable
  
 
2,000,000
  
  
 
2,000,000
  
2011 junior secured convertible notes payable
  
 
1,308,390
  
  
 
1,625,000
  
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]
   
Three and Six Months Ended June 30,
 
   
2012
   
2011
 
Stock options
    6,111,127       3,762,477  
Warrants
    6,258,648       435,986  
Shares under convertible note agreements
    4,287,695       8,524,756  
      16,657,470       12,723,219  
 
  
Years Ended December 31,
 
 
  
2011
 
  
2010
 
  
2009
 
Stock options
  
 
3,679,977
  
  
 
3,762,477
  
  
 
669,777
  
Warrants
  
 
1,922,944
  
  
 
435,986
  
  
 
410,542
  
Convertible preferred shares
  
 
1,991,250
  
  
 
1,991,250
  
  
 
1,991,250
  
Shares under convertible note agreements
  
 
1,046,263
  
  
 
997,678
  
  
 
444,247
  
 
  
 
8,640,434
  
  
 
7,187,391
  
  
 
3,515,816