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Severance Award Agreements
12 Months Ended
Dec. 31, 2012
Severance Award Agreements [Abstract]  
Severance Award Agreements [Text Block]

12. Severance Award Agreements

 

On September 15, 2010, the Company and John Alexander entered into a Severance Award Agreement pursuant to which the Company awarded Mr. Alexander a supplemental payment in connection with his future severance of employment with the Company and recorded an increase to stockholders' equity of $113,500. Pursuant to the Severance Award Agreement and following the termination of Mr. Alexander's employment, he will be entitled to receive (at the Company's option) 25,000 shares of the Company's common stock or the then-fair market value of the shares. As of September 30, 2010, the Company intended to deliver the Company's common shares for the Severance Award; the Company's common shares for the Severance Award; therefore, in accordance with ASC 718, management classified the share-based compensation as stockholders' equity at December 31, 2010.