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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Operating activities    
Net loss $ (3,650,367) $ (4,546,766)
Adjustments to reconcile net loss to net cash used in operating activities:    
Realization of cumulative translation adjustment (1,227,656)  
Bad debt recovery   (8,168)
Change in fair value of derivative instruments (341,118) (6,075,555)
Depreciation and amortization expense 234,811 348,813
Gain of the disposal of property and equipment (66,626)  
Share-based compensation expense 1,499,910 1,881,416
Deferred income taxes 188,610  
Non-cash interest expense 81,252  
Changes in operating assets and liabilities:    
Accounts receivable 2,818,201 1,080,032
Unbilled accounts receivable (661,103) 1,357,711
Prepaid expenses and other current assets 557,683 1,439,312
Accounts payable 400,764 (2,684,507)
Accrued expenses and other liabilities (12,225) 204,291
Net cash used in operating activities (177,864) (7,003,421)
Investing activities    
Purchases of property and equipment   (71,439)
Proceeds from the sale of property and equipment 67,400  
Net cash provided by (used in) investing activities 67,400 (71,439)
Financing activities    
Proceeds from issuance of long term debt and warrants 2,500,000  
Net proceeds from (repayment of) revolving credit agreement 1,208,370  
Deferred financing costs (216,460)  
Change in restricted cash requirements 100,000  
Proceeds from issuance of common stock and warrants 38,984 5,814,639
Other (32,960) (64,362)
Net cash provided by financing activities 3,597,934 5,750,277
Effects of exchange rates on cash 2,087 (54,668)
Increase (decrease) in cash and cash equivalents 3,489,557 (1,379,251)
Cash and cash equivalents, at beginning of period 11,236,771 11,785,327
Cash and cash equivalents, at end of period 14,726,328 10,406,076
Supplemental disclosure of cash flow information    
Cash paid for interest 145,658 40,540
Noncash financing activity    
Value of warrants issued to lender in connection with loan $ 69,876