Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2013

Stockholders' Equity Note [Abstract]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value [Table Text Block]

The fair value for all options and warrants was estimated at the date of grant using a Black-Scholes option-pricing model with the following weighted-average assumptions:

Expected Volatility (i)	35-42	%
Expected Dividend Yield	0	%
Expected Life (Term) (ii)	3 – 5.75 years
Risk-Free Interest Rate	0.42% - 0.98	%

The options that the Company granted under its plans expire at various times, either five, seven or ten years from the date of grant, depending on the particular grant.

(i) Due to the Company’s limited trading activity, the Company used the average volatility of similar companies in its industry.

(ii) Due to the Company’s limited history, the expected life of options was calculated using the ‘simplified method’ in accordance with Staff accounting bulletin (“SAB”) Topic 14.02 in accordance with SAB no. 110.

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

Options

			Weighted-Average
	Options		Exercise Price
Outstanding at January 1, 2013		345,000	$	4.54
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding at March 31, 2013		345,000	$	4.54
Exercisable at March 31, 2013		174,858	$	5.00

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

A summary of the Company’s warrants for the Current Quarter is as follows:

			Weighted-Average
	Warrants		Exercise Price
Outstanding at January 1, 2013		1,132,043	$	2.47
Granted		-		-
Canceled		-		-
Exercised		-		-
Expired/Forfeited		-		-
Outstanding at March 31, 2013 and expected to vest.		1,132,043	$	2.47
Exercisable at March 31, 2013		1,082,043	$	2.35

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

A summary of the Company’s restricted stock for the Current Quarter is as follows:

 

	Restricted Shares		Weighted-Average Grant Date Fair value
Outstanding at January 1, 2013		964,607	$	3.00
Granted		-		-
Canceled		-		-
Vested		-		-
Expired/Forfeited		-		-
Outstanding at March 31, 2013		964,607	$	3.00