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Commitments and contingencies (Tables)
 12 Months Ended
Dec. 31, 2013
Fair Value of Stock Consideration
  (ii) Stock consideration. As of December 31, 2012, the Company satisfied the conditions of issuing 225,000 shares of its common stock on the Derivative Action. With respect to the Securities Action, the issuance of 2,777,778 shares was initiated prior to year end and subsequently settled after year end. The Company concluded that the requirement to deliver these shares of common stock met the definition of a financial instrument representing a contingent forward contract in accordance with ASC 815 and that the forward contract met the criteria for equity classification, and further remeasurement through settlement was not required. The forward contract to issue shares settled on January 2, 2013, upon consummation of the delivery of these shares. The final fair values of the stock consideration are summarized in the following table:

 

     Number
of
Shares		      Closing Price
Per Share on
Final
Approval
Date		      Final Fair Value of
Stock
Consideration		  

Derivative Action

      225,000       $ 1.94       $ 436,500   

Securities Action

      2,777,778       $ 2.18         6,055,556   
  

 

 

        

 

 

  

Total

      3,002,778          $ 6,492,056