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Equity
9 Months Ended
Sep. 30, 2012
Stockholders' Equity Note [Abstract]  
Stockholders Equity Note [Text Block]

Equity

During 2012 the Company sold, pursuant to an effective registration statement filed with the SEC, equity in the Company as follows:

   Date Shares issued       Warrants issued       Unit price       Proceeds
July 30, 2012 589,227     117,846   $2.97 $ 1,745,549 *
August 28, 2012 1,900,000 380,000 $2.97 $ 5,229,201 **
 
 
Total   2,489,227 497,846 $ 6,974,750
 

*Net of fees of $4,455

** Net of fees of $413,719

During the first nine months of 2011 the Company received proceeds of $65,977 in connection with the exercises of outstanding options and warrants.