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STOCKHOLDERS' EQUITY | 12 Months Ended
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Dec. 31, 2012
Stockholders' Equity Note [Abstract] |
Stockholders' Equity Note Disclosure [Text Block] |
10. | STOCKHOLDERS’ EQUITY
Series A Convertible Preferred Stock In January 1997, the Board of Directors authorized the creation of a class of Series A Convertible Preferred Stock with a par value of $.01. The Series A Convertible Preferred Stock is convertible into an equal number of common shares at the holder’s option, subject to adjustment for anti-dilution. The holders of Series A Convertible Preferred Stock are entitled to receive dividends as and if declared by the Board of Directors. In the event of liquidation or dissolution of the Company, the holders of Series A Convertible Preferred Stock are entitled to receive all accrued dividends, if applicable, plus the liquidation price of $1.00 per share. As of December 31, 2012 and 2011, there were no outstanding shares of Series A Convertible Preferred Stock. Stock Options and Share Based Compensation In order to retain and attract qualified personnel necessary for the success of the Company, the Company adopted several Stock Option Plans from 1998 through 2004 (and an amendment to the 2004 plan in 2006 pursuant to which the plan was renamed the “2006 Equity Incentive Plan” and amended to provide for the issuance of other types of equity incentives such as restricted stock grants) (collectively, the “Plans”) covering up to 6,250,000 of the Company’s common shares, pursuant to which officers, directors, key employees and consultants to the Company are eligible to receive incentive stock options and nonqualified stock options. The Compensation Committee of the Board of Directors administers these Plans and determines the terms and conditions of options granted, including the exercise price. These Plans generally provide that all stock options will expire within ten years of the date of grant. Incentive stock options granted under these Plans must be granted at an exercise price that is not less than the fair market value per share at the date of the grant and the exercise price must not be less than 110% of the fair market value per share at the date of the grant for grants to persons owning more than 10% of the voting stock of the Company. These Plans also entitle non-employee directors to receive grants of non-qualified stock options as approved by the Board of Directors. Stock option activity under the 1998, 1999, 2001, 2003 and 2006 Stock Option Plans during the periods indicated below is as follows:
|  | Number of Shares Subject to Issuance |  |  | Weighted- average Exercise Price |  |  | Weighted- average Remaining Contractual Term |  | Aggregate Intrinsic Value |
Outstanding at December 31, 2010 |  |  | 1,972,203 |  |  | $ | 1.62 |  |  | 2.86 years |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |
Forfeited or expired |  |  | (292,820 | ) |  |  | 1.97 |  |  |  |  |  |  |
Exercised |  |  | (435,123 | ) |  |  | 0.52 |  |  |  |  | $ | 326,172 |
Outstanding at December 31, 2011 |  |  | 1,244,260 |  |  | $ | 1.93 |  |  | 2.29 years |  |  |  |
Granted |  |  | - |  |  |  | - |  |  |  |  |  |  |
Forfeited or expired |  |  | (235,862 | ) |  |  | 3.10 |  |  |  |  |  |  |
Exercised |  |  | (261,763 | ) |  |  | 0.50 |  |  |  |  | $ | 348,352 |
Outstanding at December 31, 2012 |  |  | 746,635 |  |  | $ | 2.06 |  |  | 1.66 years |  | $ | 32,217 |
Exercisable at December 31, 2012 |  |  | 711,135 |  |  | $ | 2.08 |  |  | 1.65 years |  | $ | 32,217 |
There were no options granted in the years ended December 31, 2012 and 2011. The following is a summary of stock options as of December 31, 2012:
|  |  | Options Outstanding |  |  | Options Exercisable |
Range of Exercise Prices |  |  | Number of Options |  |  | Weighted- average Remaining Life |  |  | Weighted- average Exercise Price |  |  | Number of Options |  |  | Weighted- average Exercise Price |
| $0.46 to $1.00 |  |  |  | 185,930 |  |  |  | 2.52 | years |  | $ | 0.50 |  |  |  | 185,930 |  |  | $ | 0.50 |
| $1.01 to $3.00 |  |  |  | 452,355 |  |  |  | 2.31 |  |  |  | 4.73 |  |  |  | 416,855 |  |  |  | 4.44 |
| $3.01 to $5.00 |  |  |  | 25,000 |  |  |  | 0.70 |  |  |  | 0.49 |  |  |  | 25,000 |  |  |  | 0.49 |
| $5.01 to $6.80 |  |  |  | 83,350 |  |  |  | 1.15 |  |  |  | 2.54 |  |  |  | 83,350 |  |  |  | 2.54 |
|  |  |  |  | 746,635 |  |  |  | 1.66 | years |  | $ | 2.06 |  |  |  | 711,135 |  |  | $ | 2.08 |
The weighted-average fair value of the options granted during the years ended December 31, 2012 and 2011 is $0 and $0 respectively. As of December 31, 2012, the Company had 1,567,035 options available for future grant under the existing Stock Option and Equity Incentive Plans. Subject to a consulting agreement described below with an investor relations firm, the Company issued 10,417 restricted shares of its common stock per month commencing March 16, 2009. During the years ended December 31, 2012 and 2011 the Company recorded the fair value of $0 and $29,896 for these shares in general and administrative expenses, respectively. As of December 31, 2012, there was $23,710 of total unrecognized compensation cost, net of estimated forfeitures, related to all unvested stock options and restricted stock, which is expected to be recognized over a weighted average period of approximately 1.14 years. Share based compensation expense for the years ended December 31, 2012 and 2011 is as follows:
|  | Years Ended December 31, |
Compensation cost recognized: |  | 2012 |  |  | 2011 |
Stock options |  | $ | 52,677 |  |  | $ | 3,991 |
Restricted stock |  |  | 0 |  |  |  | 29,896 |
|  | $ | 52,677 |  |  | $ | 33,887 |
Share based compensation is included in operating expenses as follows:
|  | Years Ended December 31, |
|  | 2012 |  |  | 2011 |
Selling |  | $ | 9,216 |  |  | $ | (30,382 | )
General and administrative |  |  | 16,788 |  |  |  | 65,419 |
Research and development |  |  | 26,673 |  |  |  | (1,150 | )
|  | $ | 52,677 |  |  | $ | 33,887 |
The Company did not capitalize any share-based compensation cost in 2012 and 2011. The Company has a net operating loss carry-forward as of December 31, 2012, and no excess tax benefits for the tax deductions related to share based awards were recognized in the statements of operations. Additionally, no incremental tax benefits were recognized from stock options exercised in 2012 that would have resulted in a reclassification to reduce net cash provided by operating activities with an offsetting increase in net cash provided by financing activities. All stock options have been issued with an exercise price that is equal or above the fair market value of the Company’s Common Stock on the date of grant. Warrants All previously granted warrants were issued with an exercise price that was equal to or above the fair market value of the Company’s common stock on the date of grant. As of December 31, 2012, the Company had no remaining warrants outstanding. No warrants were exercised in 2012 or 2011.

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- Definition The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Article 3 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 29, 30, 31 -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Research Bulletin (ARB) -Number 43 -Section B -Paragraph 7, 11A -Chapter 1 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. 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