Stock-Based Compensation; Changes in Equity (Tables)

9 Months Ended

Sep. 30, 2012

Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]

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:

	Shares  under Option			Weighted Average Exercise Price		Weighted Average Contractual Life		Aggregate Intrinsic Value
Balance at December 31, 2011		162,500		$	4.25
Granted		-			-
Cancelled		(3,500	)		5.26
Exercised		(32,000	)		1.94
Outstanding at September 30, 2012		127,000		$	4.81		2.90	$	108,423
Exercisable at September  30, 2012		51,875		$	2.89		2.40	$	108,423

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

	Shares under Warrant		Weighted Average Exercise Price		Weighted Average Contractual Life		Aggregate Intrinsic Value
Balance at December 31, 2011		-		-
Granted		140,048	$	0.01
Cancelled		-		-
Exercised		-		-
Outstanding at September 30, 2012		140,048	$	0.01		9.80	$	680,633
Exercisable at September  30, 2012		-		-		-		-

Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested, Outstanding by Grant Date [Table Text Block]

A summary of the Company’s stock option activity by grant date as of September 30, 2012 is as follows:

	Options Outstanding								Options Vested
Options by Grant Date	Shares		Weighted Avg.		Remain. Life		Intrinsic Val		Shares		Weighted Avg.		Remain. Life		Intrinsic Val
Dec 2005		32,000	$	2.88		3.2	$	63,680		32,000	$	2.88		3.2	$	63,680
Nov 2008		14,500		1.78		0.1		44,743		14,500		1.78		0.1		44,743
Dec 2010		72,500		6.14		3.2		-		5,375		5.97		3.2		-
Jan 2011		8,000		5.96		3.3		-		-		-		-		-
TOTAL		127,000	$	4.81		2.9	$	108,423		51,875	$	2.89		2.4	$	108,423