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Stock-based Compensation (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2012
Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Summary of stock-based compensation expense
                 
    Three months ended  
    September 30, 2012     September 30, 2011  

Stock option compensation expense for employees and directors

  $ 277     $ 225  

Restricted stock expense

    0       12  

Equity awards for nonemployees issued for services

    (3     0  
   

 

 

   

 

 

 

Total stock-based compensation expense

  $ 274     $ 237  
   

 

 

   

 

 

 
   
    Nine months ended  
    September 30, 2012     September 30, 2011  

Stock option compensation expense for employees and directors

  $ 833     $ 2,303  

Restricted stock expense

    0       48  

Equity awards for nonemployees issued for services

    24       289  
   

 

 

   

 

 

 

Total stock-based compensation expense

  $ 857     $ 2,640  
   

 

 

   

 

 

 
                 
    2011     2010  

Stock option compensation expense for employees and directors

  $ 2,607,210     $ 833,713  

Restricted stock expense

    48,000       72,000  

Equity awards for nonemployees issued for services

    244,740       86,828  
   

 

 

   

 

 

 

Total stock-based compensation expense

  $ 2,899,950     $ 992,541  
   

 

 

   

 

 

 
Summary of stock option activity
                                 
    Number of
shares
    Weighted-
average
exercise
price
    Weighted-
average
remaining
contractual
term (in
years)
    Aggregate
intrinsic
value
 

Outstanding at December 31, 2011

    13,608,500     $ 0.77       8.4     $ 0  

Granted

    550,000     $ 0.41                  

Exercised

    0     $ 0                  

Forfeited

    (496,250   $ 0.61                  
   

 

 

                         

Outstanding at September 30, 2012

    13,662,250     $ 0.76       7.5     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at September 30, 2012

    10,838,157     $ 0.66       7.4     $ 0  
   

 

 

   

 

 

   

 

 

   

 

 

 
                 
    Non-vested Options  
    Number of
Shares
    Weighted-
Average Fair
Value
 

Non-vested at January 1, 2010

    677,000     $ 0.36  

Granted

    2,870,000       0.53  

Vested

    (1,497,384     0.49  

Forfeited

    —         —    
   

 

 

   

 

 

 

Non-vested at December 31, 2010

    2,049,616     $ 0.50  

Granted

    9,628,000       0.72  

Vested

    (5,569,043     0.77  

Forfeited

    (1,096,500     0.76  
   

 

 

   

 

 

 

Non-vested at December 31, 2011

    5,012,073     $ 0.41  
   

 

 

   

 

 

 
Details of fair value option award
                 
    September 30, 2012     September 30,
2011
 

Expected life (years)

    6.0 years       6.0 years  

Interest rate

    2.3     2.4

Dividend yield

    0       0  

Volatility

    60     61
                                 
    Number of
shares
    Weighted-
average
exercise
price
    Weighted-
average
remaining
contractual
term (in years)
    Aggregate
intrinsic
value
 

Outstanding at January 1, 2010

    2,807,000     $ 0.77       7.35     $ 1,082,800  

Granted

    2,870,000       0.95                  

Exercised

    —         —                    

Forfeited

    —         —                    
   

 

 

                         

Outstanding at December 31, 2010

    5,677,000     $ 0.86       7.46     $ —    

Granted

    9,628,000     $ 0.72                  

Exercised

    (600,000   $ 0.75               318,000  

Forfeited

    (1,096,500   $ 0.77                  
   

 

 

                         

Outstanding at December 31, 2011

    13,608,500     $ 0.77       8.36     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 

Exercisable at December 31, 2011

    8,596,427     $ 0.80       8.00     $ —    
   

 

 

   

 

 

   

 

 

   

 

 

 
Summary the Company's restricted stock activity  
                 
    Non-vested Options  
    Number of
Shares
    Weighted-
Average Fair
Value
 

Non-vested at January 1, 2010

    300,000     $ 0.48  

Granted

    —         —    

Vested

    (150,000     0.48  

Forfeited

    —         —    
   

 

 

   

 

 

 

Non-vested at December 31, 2010

    150,000     $ 0.48  

Granted

    —         —    

Vested

    (150,000     0.48  

Forfeited

    —         —    
   

 

 

   

 

 

 

Non-vested at December 31, 2011

    —       $ —    
   

 

 

   

 

 

 
Non Vested Stock Options [Member]
   
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Summary of stock option activity  
                 
    2011     2010  

Expected life (years)

    5.4 years       5.1 years  

Interest rate

    2.1     2.0

Dividend yield

    —         —    

Volatility

    62     64