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Note 11 - Subsequent Events
6 Months Ended
Jun. 30, 2013
Subsequent Events [Abstract]  
Subsequent Events [Text Block]

11.             SUBSEQUENT EVENTS


On July 23, 2013, the Company entered into a Securities Purchase Agreement with a number of private and institutional investors (the “July Private Investor SPA”). Pursuant to the July Private Investor SPA, the Company issued units to such investors comprising 3,500,006 shares of common stock and 3,500,006 warrants to purchase additional shares of common stock, at a purchase price of $0.30 per unit for an aggregate purchase price of $1,050,000. The warrants have an exercise price of $0.40 per share. If such warrants are exercised in full, the Company would receive gross cash proceeds of approximately $1,400,000. The warrants expire five years after the date of the grant.


In connection with the share issuances described above, the Company estimates to incur costs of approximately $10,000, which will be offset against additional paid-in capital.