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Income Taxes (Tables)
9 Months Ended
Sep. 30, 2012
Income Taxes [Abstract]  
Federal statutory income tax rate to loss before income taxes
                 
    September 30,
2012
    September 30,
2011
 

Income tax benefit at the federal statutory rate

    -34 %      -34 % 

State income tax benefit, net of federal tax benefit

    -6 %      -6 % 

Change in fair value of warrant liability

    14 %      -36 % 

Change in valuation allowance for deferred tax assets

    26 %      76 % 
   

 

 

   

 

 

 

Total

    0 %      0 % 
   

 

 

   

 

 

 
Deferred Tax Asset
                 
    September 30,
2012
    December 31,
2011
 

Net operating loss carryforwards

  $ 11,346,262     $ 8,274,061  

Stock-based compensation

    2,924,889       2,730,729  

Less valuation allowance

    (14,271,151 )      (11,004,790 ) 
   

 

 

   

 

 

 

Net deferred tax asset

  $ —       $ —