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Common Stock
3 Months Ended
Mar. 31, 2012
Common Stock [Abstract]  
Common Stock

Note 9. Common Stock

In the first quarter of 2012, an aggregate of 900,000 Series B Warrants were exercised and we received gross proceeds of approximately $813,000 in the first quarter of 2012 and $313,000 in April 2012. These warrants were issued as part of our December 2011 financing. For the exercise of these warrants, we issued 900,000 shares of our common stock and 900,000 Series A Warrants. The Series A Warrants have an initial exercise price of $1.40 per share and will expire on the fifth anniversary of the closing date of the initial financing transaction in December 2011.