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Warrants (Tables) | 12 Months Ended
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Dec. 31, 2012
Warrants [Abstract] |
Summary of warrant issued | During the year ended December 31, 2011, the Company also issued the following warrants:
Warrants issued with convertible notes (See Note 5) |  |  | 287,061 |
Warrants issued to investors with Stock Offering (See Note 9) |  |  | 1,972,766 |
Placement agent warrants related to issuance of: |  |  |  |
Convertible Notes |  |  | 143,532 |
Stock Offering (See Note 6 and Note 9) |  |  | 986,383 |
Total |  |  | 3,389,742 |
During the year ended December 31, 2012, the Company also issued the following warrants:
Warrants issued to investors with Stock Offering (See Note 6) |  |  | 242,189 |
Warrants issued to investors with Common Stock |  |  | 4,678,491 |
Placement agent warrants related to issuance of: |  |  |  |
Stock Offering (See Note 6 and Note 9) |  |  | 121,094 |
2012 Common Stock Offering |  |  | 467,845 |
Warrants issued to investors with stock – accrued dividend |  |  | 180,115 |
Total |  |  | 5,689,734 |
Summary of warrant activities |
|  |  |  |  |  |  |  | Weighted |  |  |  |
|  |  |  |  |  |  |  | Average |  |  |  |
|  |  |  |  | Weighted |  |  | Remaining |  |  | Aggregate |
|  | Number of |  |  | Average |  |  | Contractual |  |  | Intrinsic |
|  | Units |  |  | Exercise Price |  |  | Term (in years) |  |  | Value |
Outstanding, December 31, 2010 |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Granted |  |  | 5,364,557 |  |  |  | 0.51 |  |  |  | 6.76 |  |  |  |  |
Outstanding, December 31, 2011 |  |  | 5,364,557 |  |  |  | 0.51 |  |  |  | 6.76 |  |  |  | 3,261,367 |
Granted |  |  | 7,406,079 |  |  |  | 1.32 |  |  |  | 3.76 |  |  |  |  |
Outstanding, December 31, 2012 |  |  | 12,770,636 |  |  | $ | 0. 97 |  |  |  | 4.48 |  |  | $ | 6,114,768 |

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