XML 38 R21.htm IDEA: XBRL DOCUMENT v2.4.0.6
Convertible Preferred Stock (Tables)
6 Months Ended
Jun. 30, 2012
Convertible Preferred Stock [Abstract]  
Preferred stock and warrants calculated using the Black Scholes Merton pricing model

This amount was allocated to the preferred stock and warrants based on their related fair values. The fair value of the warrants was calculated using the Black Scholes-Merton pricing model using the following assumptions:

 

                 

Number of warrants

    125,000       200,000  

Exercise price

  $ 6.00     $ 7.00  

Expected volatility of underlying stock

    74     74

Risk-free interest rate

    1.50     1.70

Dividend yield

    0.00     0.00

Expected life of warrants

    8 years       8 years  

Weighted-average fair value of warrants

  $ 3.17     $ 3.07  

Expiration date

    May 2, 2020       May 2, 2020