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Stock-Based Compensation (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Share-based Compensation [Abstract]    
Stock Options Activity
                      Weighted  
          Weighted     Weighted     Average  
          Average     Average     Remaining  
    Number of     Exercise     Fair     Contractual  
    Shares     Price     Value     Life  
Outstanding at December 31, 2012     1,695,250     $ 1.08     $ 0.58        
Granted at market price     -                        
Exercised     (14,500 )                      
Forfeited     (425,500 )                      
Outstanding at March 31, 2013     1,255,250       1.02       0.59       9.1  
Exercisable     189,250     $ 1.09     $ 0.58       8.5  

 

The following summarizes stock option activity for the year ended December 31, 2012:

                      Weighted  
          Weighted     Weighted     Average  
          Average     Average     Remaining  
    Number of     Exercise     Fair     Contractual  
    Shares     Price     Value     Life  
Outstanding at December 31, 2011     1,318,000     $ 0.25     $ 0.16        
Granted at market price     1,543,000       1.19       0.63        
Exercised     (125,750 )                      
Forfeited     (1,040,000 )                      
Outstanding at December 31, 2012     1,695,250       1.08       0.58       9.4  
Exercisable     23,750     $ 0.25     $ 0.16       8.1  

Stock Options Exercise Price Range
    Exercisable     Unexercisable     Total  
          Weighted           Weighted           Weighted  
          Average           Average           Average  
    Number     Exercise     Number     Exercise     Number     Exercise  
Range of Exercise Prices   Outstanding     Price     Outstanding     Price     Outstanding     Price  
$.25 per share     70,000     $ 0.25       107,000       0.25       177,000     $ 0.25  
$1.59 per share     119,250       1.59       169,000       1.59       288,250     $ 1.59  
$0.99 per share     -       -       790,000       0.99       790,000     $ 0.99  

 

The following summarizes information about the Company’s stock options at December 31, 2012:

    Exercisable     Unexercisable     Total  
                                     
          Weighted           Weighted           Weighted  
    Number     Average     Number     Average     Number     Average  
Range of Exercise Prices   Outstanding     Exercise Price     Outstanding     Exercise Price     Outstanding     Exercise Price  
                                     
$.25 per share     23,750     $ 0.25       169,500       0.25       193,250     $ 0.25  
$1.59 per share     -       -       492,000       1.59       492,000     $ 1.59  
$0.99 per share     -       -       1,010,000       0.99       1,010,000     $ 0.99  

Stock Options Valuation Assumptions  

Awards are valued based on the grant date fair value of the instruments, net of estimated forfeitures, using a Black-Scholes option pricing model with the following assumptions:

    Year Ended December 31,  
    2012     2011  
Volatility     54%-68 %     68 %
Risk-free interest rate     .90%-1.22 %     2.40 %
Expected term   6.3 years     6.3 years  
Forfeiture rate     15 %     10 %
Dividend yield rate     0 %     0 %