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Note 9 - Stock Options | 12 Months Ended
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Dec. 31, 2012
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract] |
Stock Options | Note 9 – Stock Options Stock option activity for the year ended December 31, 2012, is summarized as follows:
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (Years) |
Options outstanding at December 31, 2010 |  |  | — |  |  |  | — |  |  |  |  |
Granted |  |  | 1,950,000 |  |  |  | 0.91 |  |  |  |  |
Expired or forfeited |  |  | (200,000 | ) |  |  | — |  |  |  |  |
Options outstanding at December 31, 2011 |  |  | 1,750,000 |  |  | $ | 0.91 |  |  |  | 10.00 |
Granted |  |  | 1,000,000 |  |  |  | 0.56 |  |  |  | 10.00 |
Options outstanding at December 31, 2012 |  |  | 2,750,000 |  |  | $ | 0.78 |  |  |  | 10.00 |
During the fourth quarter of 2012, the Company issued to a consultant a 10-year option to purchase 1,000,000 shares of common stock at $.56 per share. Total stock-based compensation for the years ended December 31, 2012 and 2011 was $658,381 and $466,908 respectively. The remaining unrecognized stock-based compensation of approximately $121,000 will be recognized as research and development expense in 2013.

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- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 14 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Statement of Position (SOP) -Number 93-6 -Paragraph 53 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 40 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 123R -Paragraph 64, 65, A240 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901 + Details
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