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Note 11 - Warrants (Tables)
6 Months Ended
Jun. 30, 2013
Warrants [Abstract]  
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, 2012

    7,863,653     $ 3.37  
                 

Warrants granted in connection with the Preferred Stock Offering, as more fully described in Note 9

    6,036,219     $ 1.18  
                 

Warrants exercised for common stock

    (71,250

)

    3.25  
                 

Warrants outstanding at June 30, 2013

    13,828,622     $ 2.42  
                 

Aggregate intrinsic value of outstanding warrants at June 30, 2013

  $ -          
                 

Weighted average remaining contractual terms (in years)

    4.0          
   

June 30, 2013

   

December 31, 2012

 

Risk-free interest rate

    0.36 - 1.41

%

    0.73

%

Expected volatility

    103.4 - 147.3

%

    92.0

%

Expected life (in years)

    0.9 - 4.7       1.13  

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 as of January 1, 2013

  $ 4,283,932  

Warrant liability classification (see Note 9)

    9,110,302  

Gain from the adjustment for the change in fair value included in net income

    (8,660,417

)

Ending balance as of June 30, 2013

  $ 4,733,817