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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of Share-based Compensation, Activity [Table Text Block]

A summary of the status of the Company’s non-vested stock options at December 31 and changes during the year is as follows:

	2013			2012
		Weighted Average			Weighted Average
	Number of Options		Grant Date Fair Value	Number of Options		Grant Date Fair Value

Non-vested stock options at January 1	117,188	$	2.20	234,375	$	2.20
Granted	206,390	$	4.91	-		-
Vested	(75,167)	$	3.21	(117,188)	$	2.20
Exercised	-		-	-		-
Forfeited/Expired/Exchanged	-		-	-		-
Non-vested stock options at December 31	248,411	$	4.15	117,188	$	2.20

Schedule Of Recognized Compensation Cost [Table Text Block]

The recognized compensation cost is as follows:

	2013		2012		For the Period from Inception (January 23, 2008) to December 31, 2013
Research and development	$	42,000	$	16,000	$	66,000
General and administrative		73,000		23,000		199,000
Effect on net loss	$	115,000	$	39,000	$	265,000
Effect on net loss per share	$	0.01	$	0.01	$	0.06

Schedule Of Expected Recognition Of General And Administrative Expense [Table Text Block]

The remaining cost is reflected as a contra-equity balance against additional paid in capital and is expected to be recognized in future years as follows:

2014	$	27,000
2015		26,000
2016		20,000
	$	73,000

Schedule Of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block]

The following weighted-average assumptions were utilized for the calculations:

Expected life (in years)	2.5
Weighted average volatility	27	%
Weighted average risk-free interest rate	0.33	%
Expected dividend rate	-

Schedule Of Share Based Compensation Warrants Activity [Table Text Block]

The following table summarizes the number of warrants, the weighted average exercise price, and weighted average life (in years) by price for both total outstanding warrants and total exercisable warrants at December 31, 2013:

		Total Outstanding Warrants
Exercise Price		Warrants	Weighted Average Exercise Price		Life (in years)
$	1.80	80,000	$	1.80	7.13
$	2.20	118,959	$	2.20	2.36
$	5.00	345,000	$	5.00	3.32
		543,959	$	3.92

Employee Stock Option [Member]

Schedule Of Share Based Payment Award Warrants Valuation Assumptions [Table Text Block]

The following weighted-average assumptions were utilized in the calculation of the fair value of the stock options:

Expected life	6.25 years
Weighted average volatility	33	%
Forfeiture rate	13	%
Weighted average risk-free interest rate	1.31	%
Expected dividend rate	-

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

A summary of the Company’s stock option activity and related information is as follows:

	2013				2012
	Common Stock	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)	Common Stock	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Outstanding at January 1	359,375	$	2.20	8.75	359,375	$	2.20	9.75
Granted	206,390	$	4.91	9.01	-		-	-
Exercised	-		-	-	-		-	-
Forfeited/Expired/Exchanged	-		-	-	-		-	-
Outstanding at December 31	565,765	$	3.19	8.21	359,375	$	2.20	8.75
Exercisable at December 31	317,354	$	2.44	7.87	242,188	$	2.20	8.75

Schedule Of Employee Service Share Based Compensation Unrecognized Period Costs [Table Text Block]

At December 31, 2013, there was $290,000 of total unrecognized compensation cost related to non-vested stock option-based compensation arrangements granted under the Equity Incentive Plan. That cost is expected to be recognized in future years as follows:

2014	$	116,000
2015		97,000
2016		76,000
2017		1,000
	$	290,000

Warrant [Member]

Schedule Of Share Based Compensation Warrants Activity [Table Text Block]

A summary of the Company’s warrant activity and related information is as follows:

	2013			2012
	Warrants	Weighted Average Exercise Price		Warrants	Weighted Average Exercise Price
Outstanding at beginning of year	561,368	$	3.86	216,368	$	3.25
Granted	-		-	345,000	$	5.00
Exercised	(17,409)	$	2.20	-		-
Forfeited/Expired	-		-	-		-
Outstanding at end of year	543,959	$	3.92	561,368	$	3.86

Equity Incentive Plan [Member]

Schedule of Share-based Compensation, Activity [Table Text Block]

Activity under the Equity Incentive Plan is as follows:

	2013	2012
Reserved but unissued shares under the Equity Incentive Plan, beginning of year	480,260	140,625
Increases in the number of authorized shares under the Equity Incentive Plan	5,866	360,434
Grants of stock options	(206,390)	-
Stock option forfeitures	-	-
Stock grants	(30,000)	(83,299)
Stock grant forfeitures	-	62,500
Reserved but unissued shares under the Equity Incentive Plan, end of year	249,736	480,260

Consultant Plan [Member]

Schedule of Share-based Compensation, Activity [Table Text Block]

Activity under the Consultant Plan in 2013 is as follows:

Reserved but unissued shares under the Consultant Plan at May 2, 2013		75,000
Increases in the number of authorized shares under the Plan		287
Stock grants		(11,250)
Stock grant forfeitures		-
Reserved but unissued shares under the Consultant Plan at December 31, 2013		64,037