Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Taxes [Abstract]

Deferred tax assets and liabilities

Significant components of the Company's deferred tax assets and liabilities are as follows:

	December 31,
	2012			2011
Deferred tax assets and liabilities:
Accrued liabilities	$	(73,000	)	$	131,000
Beneficial conversion feature on convertible financial instruments		(449,000)			(927,000	)
Intangible assets		1,117,000			249,000
Property and equipment		89,000			(18,000	)
R&D Credit Carryforward		1,407,356			494,000
Stock Compensation		213,000			—
Adjust accrued earn-out liability		567,947			—
Charitable Contributions		3,000			—
Patent fees		6,000			—
Net operating loss		15,487,000			15,524,000
Net deferred tax assets	$	18,368,303		$	15,453,000
Valuation allowance		(18,368,303	)		(15,453,000	)
	$	—		$	—

Reconciliation of the Federal statutory income tax

The reconciliation of the Federal statutory income tax rate of 34% to the effective rate is as follows:

	12/31/2012			12/31/2011
Federal statutory rate		34.00	%		34.00	%
State taxes, net of federal benefit		3.40	%		5.34	%
Permanent items & other		6.51	%		(11.30	%)
Valuation allowance		(43.91	%)		(28.04	%)
		—	%		—	%