XML 34 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Note 10. Warrants (Tables)
9 Months Ended
Sep. 30, 2012
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
Warrants
 
Number of
Warrants Issued
   
Weighted Average Exercise Price
 
Warrants outstanding at December 31, 2011
    11,627,001     $ 3.15  
                 
Warrants granted in connection with the Credit Agreement as more fully described in Note 9
    51,370     $ 2.92  
                 
Warrants exercised for common stock
    (1,512,110 )     2.58  
                 
Warrants outstanding at September 30, 2012
    10,166,261     $ 3.23  
                 
Aggregate intrinsic value of outstanding warrants at September 30, 2012
  $ 22,232,473          
                 
Weighted average remaining contractual terms (years)
 
4.20
         
   
September 30, 2012
   
December 31,2011
 
Risk-free interest rate
   
0.62
%
   
0.83
%
Expected volatility
   
55.14
%
   
75.17
%
Expected life (in years)
   
1.25
     
1.6
 
Expected forfeiture rate
   
0.0
%
   
0.0
%
Expected dividend yield
   
0.00
%
   
0.00
%
Schedule of Common Stock Warranty Liability [Table Text Block]
Beginning balance, January 1, 2012
 
$
166,398
 
Issuances
   
-
 
Loss from the adjustment for the change in fair value included in net loss
   
1,250,850
 
Ending balance, September 30, 2012
 
$
1,417,248