| Impact of Conversions to Common Stock [Table Text Block] |
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Impact
to Balance Sheet
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Increase
in
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Before
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Impact
of
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After
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Common
Shares
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Conversions
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Conversions
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Conversions
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Outstanding
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Impact
on assets
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Deferred
costs
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$
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799,123
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$
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(799,123
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)
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$
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-
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-
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Impact
on liabilities and equity
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Accrued
interest on converted notes
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$
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974,311
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$
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(974,311
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)
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$
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-
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1,092,559
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Summer
2011 Notes, net
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904,397
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(904,397
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)
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-
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2,183,334
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March
2010 Notes, net
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4,057,500
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(4,057,500
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)
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-
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4,071,000
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2011
Unit Offering Notes, net
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4,367,482
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(4,367,482
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)
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-
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9,050,834
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Total
impact on liabilities
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10,303,690
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(10,303,690
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)
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-
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16,397,727
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Series
A convertible preferred stock
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7,965,000
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(7,965,000
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)
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-
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7,965,000
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Additional
paid-in capital and common stock
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-
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19,345,209
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19,345,209
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-
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Accumulated
deficit
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-
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(1,875,642
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)
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(1,875,642
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)
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-
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Total
impact on equity
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7,965,000
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9,504,567
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17,469,567
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7,965,000
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Total
impact on liabilities and equity
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$
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18,268,690
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$
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(799,123
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)
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$
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17,469,567
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24,362,727
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| Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block] |
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Shares
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Weighted
- Average Exercise Price
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Outstanding,
January 1, 2012
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3,679,977
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$
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2.05
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Granted
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2,746,400
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1.00
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Forfeited
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(315,250
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)
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2.16
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Outstanding,
June 30, 2012
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6,111,127
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1.57
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