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Commitments and contingencies (Tables)
12 Months Ended
Dec. 31, 2012
Fair Value of Stock Consideration
The final fair values of the stock consideration are summarized in the following table:

 

     Number
of
Shares
     Closing Price
Per Share on
Final
Approval

Date
     Final Fair Value  of
Stock

Consideration
 

Derivative Action

     225,000       $ 1.94       $ 436,500   

Securities Action

     2,777,778       $ 2.18         6,055,556   
  

 

 

       

 

 

 

Total

     3,002,778          $ 6,492,056