v2.4.0.6

Warrants (Tables) (Warrant [Member])

9 Months Ended

Sep. 30, 2012

Warrant [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted-average assumptions were utilized in the fair value calculations for warrants granted

		Nine Months Ended				Nine Months Ended
		September 30, 2012				September 30, 2011
Expected dividend yield			0	%			0	%
Expected stock price volatility			97-98	%			95-98	%
Risk-free interest rate			2.06-3.03	%			2.91-4.24	%
Expected life of warrants		7.6-9.9 years				8.8-9.9 years

Summary of the status of Company’s warrants granted

		Number of Shares Remaining Warrants				Weighted Average Exercise Price				Weighted-Average Remaining Contractual Term				Aggregate Intrinsic Value
Outstanding at January 1, 2012			1,651,250			$	5.61
Warrants granted during 2012			553,000			$	2.59
Warrants expired/cancelled during 2012			0
Outstanding at September 30,2012			2,204,250			$	4.85				8.47			$	0
Exercisable at September 30, 2012			1,950,500			$	4.18				8.37			$	0

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for share options (or share units) that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of share options or share units that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (c)(1)

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 718

-SubTopic 10

-Section 50

-Paragraph 2

-Subparagraph (f)(2)

-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

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