XML 35 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
STOCKHOLDERS' EQUITY (Details Narrative) (USD $)
 0 Months Ended 1 Months Ended 3 Months Ended 0 Months Ended 1 Months Ended 3 Months Ended 0 Months Ended 0 Months Ended 12 Months Ended
Apr. 12, 2013
Apr. 30, 2013
Mar. 31, 2013
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Mar. 29, 2013
Stock Options
Mar. 30, 2012
Stock Options
Feb. 27, 2012
Stock Options
Jan. 31, 2012
Stock Options
Mar. 31, 2013
Stock Options
Mar. 31, 2012
Stock Options
Dec. 31, 2012
Stock Options
Mar. 31, 2013
2009 Long Term Incentive Compensation Plan
Mar. 31, 2013
2012 Stock Incentive Plan
Jan. 31, 2013
Plato and Associates Note
Mar. 21, 2013
Promissory Notes - June 2012 Notes Issuance
Jun. 19, 2012
Promissory Notes - June 2012 Notes Issuance
Feb. 24, 2012
Promissory Notes - February 2012 Notes Issuance
Mar. 31, 2013
Lower Range
Stock Options
Mar. 29, 2013
Lower Range
Stock Options
Mar. 31, 2013
Upper Range
Stock Options
Mar. 29, 2013
Upper Range
Stock Options
Mar. 31, 2013
Warrants
Dec. 31, 2012
Warrants
Mar. 31, 2013
Warrants
Lower Range
Mar. 31, 2013
Warrants
Upper Range
Jun. 19, 2012
Warrants Tranche 1
Promissory Notes - June 2012 Notes Issuance
Feb. 24, 2012
Warrants Tranche 1
Promissory Notes - February 2012 Notes Issuance
Jun. 19, 2012
Warrants Tranche 2
Promissory Notes - June 2012 Notes Issuance
Feb. 24, 2012
Warrants Tranche 2
Promissory Notes - February 2012 Notes Issuance
Dec. 31, 2012
Warrants Issued for Services - March 2012
Common stock, shares authorized     250,000,000 250,000,000   250,000,000                                                    
Common stock, par value     $ 0.001 $ 0.001   $ 0.001                                                    
Common stock, shares issued     129,196,747 129,196,747   99,784,982                                                    
Common stock, shares outstanding     129,196,747 129,196,747   99,784,982                                                    
Shares issued in private placement       29,411,765                                                        
Share price     $ 1.70 $ 1.70                                                        
Price per share for private placement shares that may be purchased by underwriter     $ 1.581 $ 1.581                                                        
Proceeds from sale of common stock, net   $ 3,100,000 $ 45,400,000 $ 45,430,472                                                         
Options to purchase shares granted to underwriter       4,411,765                                                        
Warrants outstanding                                               13,443,499 12,193,499              
Warrant Exercise Price                                               1.77 1.63 0.24 3.20          
Warrants Issued in conjunction with debt                               1,250,000   7,000,000 9,000,000                 6,000,000   1,000,000    
Exercise Price per share of warrants issued                               3.20     0.38                 2.00   3.00    
Warrants Fair Value                               1,711,956   9,424,982                     10,505,247   6,124,873  
Expected term                               6 years   5 years 5 years                         5 years
Volatility rate                               44.29%   44.64% 44.50%                         44.81%
Risk-free rate                               0.88%   0.89% 0.75%                         1.04%
Dividend yield                               0.00%   0.00% 0.00%                         0.00%
Financing costs       263,987                        263,987   1,649,890                            
Amortization of debt discount       1,102,680 53,292                       885,709   859,647                          
Warrants Issued - Note Modification                                                         5,685,300      
Warrants Issued - new Funding                                                             3,314,700  
Warrants issued for consulting services                                                               31,000
Awards issued for services, professional fees recognized                                                               29,736
Unamortized costs warrants                                               1,274,000                
Shares authorized under incentive plan                           25,000,000 10,000,000                                  
Shares issued under incentive plans                     13,913,597   13,733,488 11,688,597 2,225,000                                  
Options Granted             180,109 480,000 600,000   180,109                                          
Weighted Average Exercise Price of options               $ 2.40 $ 2.20   $ 1.16   $ 1.16             $ 0.10 $ 1.70 $ 3.40 $ 2.70                  
Term of options granted             10 years 10 years     9 years 7 months 6 days                                          
Option vesting terms             An aggregate of 500 shares available under the Options vest over a four-year period on the anniversary of issuance, an aggregate of 12,500 shares vest monthly over a one-year period, an aggregate of 75,000 shares vest as follows (an aggregate of 31,250 vest immediately and an aggregate of 43,750 vest monthly over the subsequent seven months) and 92,109 shares vest monthly over a thirteen-month period from the date of issuance. An aggreate of 405,000 shares available under the Options vest over a four-year period on anniversary of issuance, an aggregate of 60,000 shares vest over a two-year period on the annieversary of issuance, and 15,000 shares vest monthly over a twelve-month period from the date of issuance.                                                
Shares issued for exercise of options, value 3,100,000             60,000   166,000                                            
Shares issued for exercise of options, shares 1,954,587             245,485   1,630,022                                             
Noncash options exercised shares forfeited in lieu of cash               25,000                                                
Noncash options exercised net options received               220,485                                                
Weighted average grant date fair value of options granted       $ 0.87                                                        
Share based compensation expense       609,030 88,585           599,960 88,585                                        
Unrecognized estimated stock compensation expense     $ 3,908,000 $ 3,908,000                                                        
Period for recognition of remaining unrecognized compensation expense       1 year 8 months 12 days