|
Common Stock, Common Stock Options and Warrants (Tables)
|
6 Months Ended |
|
Jun. 30, 2012
|
| Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] |
|
| Schedule of Stock Options |
| Options |
|
|
Number of
Shares |
|
|
Weighted Average
Exercise Price Per
Share |
|
|
Aggregate Intrinsic
Value |
|
| Outstanding at December 31, 2011 |
|
|
|
3,028,632 |
|
|
$ |
1.33 |
|
|
$ |
875 |
|
| Granted |
|
|
|
58,000 |
|
|
|
0.18 |
|
|
|
|
|
| Exercised |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
| Forfeited |
|
|
|
(129,334 |
) |
|
|
0.78 |
|
|
|
|
|
| Outstanding at June 30, 2012 |
|
|
|
2,957,298 |
|
|
$ |
1.34 |
|
|
$ |
3,058 |
|
| Exercisable at June 30, 2012 |
|
|
|
2,875,256 |
|
|
$ |
1.36 |
|
|
$ |
527 |
|
|
| Schedule of Company estimated the grant date fair value of each option granted |
|
|
Six Months Ended
June 30, 2012 |
|
|
Year Ended
December 31, 2011 |
|
| Risk free interest rate |
|
|
1.36 |
% |
|
|
1.93 |
% |
| Expected volatility factor |
|
|
80.74 |
% |
|
|
74.82 |
% |
| Expected option term in years |
|
|
6 |
|
|
|
6 |
|
| Dividends |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
| Forfeitures for senior executives and non-senior executives |
|
|
0% and 3% |
|
|
|
0% and 3% |
|
|
| Schedule of recorded stock compensation expense |
|
|
Three Months
Ended
June 30, 2012 |
|
|
Three Months
Ended
June 30, 2011 |
|
|
Six Months
Ended
June 30, 2012 |
|
|
Six Months
Ended
June 30, 2011 |
|
| Employee expense |
|
$ |
20,656 |
|
|
$ |
72,949 |
|
|
$ |
43,316 |
|
|
$ |
152,219 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Non-employee expense |
|
|
2,000 |
|
|
|
- |
|
|
|
2,000 |
|
|
|
2,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total stock-based compensation expense |
|
$ |
22,656 |
|
|
$ |
72,949 |
|
|
$ |
45,316 |
|
|
$ |
154,219 |
|
|
| Schedule of The future compensation expense |
| 2012 |
|
|
$ |
26,636 |
|
| 2013 |
|
|
|
4,329 |
|
| 2014 |
|
|
|
917 |
|
| Total |
|
|
$ |
31,882 |
|
|