Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Stockholders' Equity (Tables)

v2.4.1.9
Note 7 - Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2015
Notes Tables  
Assumptions Used in Calculating Fair Value of Warrants Issued [Table Text Block]
Dividend yield
      0%    
Expected Volatility
    47.5% - 47.7%  
Risk free Interest rates
    1.73% - 1.76%  
Expected life (in years)
      5.0    
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]
Fair value at December 31, 2014
  $ 2,198,162  
Loss on change in fair value
    782,802  
Fair value at March 31, 2015
  $ 2,980,964  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Shares
 
 
Weighted - Average Exercise Price
 
Outstanding at December 31, 2014
    10,343,309     $ 1.36  
Granted
    502,500       1.01  
Forfeited
    (35,000 )     0.99  
Outstanding at March 31, 2015
    10,810,809       1.35  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
Dividend yield
      0%    
Expected Volatility
    46.7% to 48.8%  
Risk free Interest rates
    1.95% to 2.71%  
Expected lives (in years)
      6.0    
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
 
Three Months Ended March 31,
 
 
2015
 
 
2014
 
  $ 367,309     $ 179,746  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
 
 
Shares
 
 
Weighted - Average Exercise Price
 
Outstanding at December 31, 2014
    20,759,136     $ 0.91  
Issued
    35,000       1.00  
Terminated
    (25,444 )     8.00  
Outstanding at March 31, 2015
    20,768,692       0.90  
Common Stock Warrants Issued in Private Placement [Member]  
Notes Tables  
Assumptions Used in Calculating Fair Value of Warrants Issued [Table Text Block]
Dividend yield
      0%    
Expected volatility
    40.4% - 100.0%  
Risk free interest rates
    0.56% - 0.70%  
Expected remaining term (in years)
    2.26 - 2.82