General form of registration statement for all companies including face-amount certificate companies

STOCK WARRANTS (Tables)

v2.4.0.6
STOCK WARRANTS (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2013
Dec. 31, 2012
Warrants and Rights Note Disclosure [Abstract]    
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company at March 31, 2013:

 

Exercise     Number     Number     Expiration  
Price     Outstanding     Vested     Date  
$ 8.00       445,209       445,209       December 2013  
  12.00       456,008       447,908       December 2017 to January 2018  
  20.00       15,288       15,288       January 2014 to January 2015  
  25.00       354,227       354,227       January 2017 to March 2019  
          1,270,732       1,262,632          

The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company, all of which were exercisable, at December 31, 2012:

 

Exercise     Number     Expiration
Price     Outstanding     Date
$ 8.00       445,209     December 2013
  12.00       445,209     December 2017
$ 20.00       15,288     January 2014 to January 2015
  25.00       354,228     January 2017 to March 2019
          1,259,934      
Schedule Of Share Based Payment Award Stock Warrants Valuation Assumptions [Table Text Block]

The assumptions used in the valuation of warrants which vested during the three months ended March 31, 2013 were as follows:

 

Risk-free interest rate     0.77 %
Life of warrant     5 years  
Expected stock price volatility     102.46 %
Expected dividend yield   $ 0.0