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Note 6 - Fair Value Measurements and Financial Instruments (Tables)
12 Months Ended
Dec. 31, 2014
Note 6 - Fair Value Measurements and Financial Instruments (Tables) [Line Items]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]
   

Fair value measurement using inputs

   

Carrying amount

 
   

Level 1

   

Level 2

   

Level 3

   

December 31, 2014

   

December 31, 2013

 
                                         

Financial instruments:

                                       

Warrant derivative *

                    --       --     $ 950,000  

Series 2023 PIK Note Derivative

                  $ 478,149     $ 478,149     $ 2,250,000  

Series A PIK Note Derivative

                  $ 9,557,476     $ 9,557,476       --  
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]

Series 2023 PIK Note derivative liability

 

Fair Value Measurements

 
   

Using Inputs

 
   

December 31, 2014

   

December 31, 2013

 
                 

Market price and estimated fair value of stock

  $ 0.73     $ 1.10  

Exercise price

  $ 1.36     $ 1.40  

Term (years)

    8.58       9.58  

Dividend yield

  $ --     $ --  

Expected volatility *

    52.0 %     76.9 %

Risk-free interest rate

    2.08 %     2.96 %
Series A PIK Note derivative liability   Fair Value Measurements  
    Using Inputs  
   

December 31, 2014

 
         

Market price and estimated fair value of stock

  $ 0.73  

Exercise price

  $ 0.92  

Term (years)

    3.83  

Dividend yield

  $ --  

Expected volatility

    52.0 %

Risk-free interest rate

    2.08 %
Warrant derivative liability   Fair Value Measurements  
    Using Inputs  
   

December 31, 2013

 
         

Market price and estimated fair value of stock

  $ 1.10  

Exercise price

  $ 1.93  

Term (years)

    3  

Dividend yield

  $ --  

Expected volatility *

    76.9 %

Risk-free interest rate

    0.78 %
Fair Value, Inputs, Level 3 [Member]  
Note 6 - Fair Value Measurements and Financial Instruments (Tables) [Line Items]  
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

Balance at December 31, 2013

  $ -  

Transfer into Level 3 (a)

    2,250,000  

Issuance of Series A PIK Note

    9,212,285  

Issuance of additional Series 2023 PIK Note

    44,138  

Net unrealized losses included in earnings (loss)

    (1,470,798 )
         

Balance at December 31, 2014

  $ 10,035,625