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1. Nature of Operations
12 Months Ended
Dec. 31, 2012
Nature of Operations [Text Block]

1. NATURE OF OPERATIONS


Lucid, Inc. operating as Caliber Imaging & Diagnostics, Inc., or Caliber I.D., and its wholly-owned subsidiary, Lucid International Ltd. (LIL) (collectively, the “Company” or “Lucid”), is a medical device company that designs, manufactures and sells non-invasive cellular imaging systems that assist physicians in the early detection of disease. The Company sells its products worldwide and is headquartered in Rochester, New York.


On December 30, 2011, the Company closed on an initial public offering (“IPO”) of its common units. The units, each consisting of one share of common stock and one warrant traded on the OTC Bulletin Board were maintained by the Financial Industry Regulatory Authority under the symbol “LCDCU” from December 28, 2011 to February 24, 2012. Upon a mandatory separation of the units on February 27, 2012, the units ceased trading on the OTC Bulletin Board and the Company’s common stock and warrants began trading on the OTC Bulletin Board under the symbols “LCDX” and “LCDXW,” respectively.