4. STOCKHOLDERS' EQUITY (Details Narrative) (USD $)
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9 Months Ended |
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Sep. 30, 2012
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Equity [Abstract] | |
Effect on authorized common stock | Upon conversion of the Company from an S corporation to a C corporation, the Company increased its authorized common stock to 6,500,000 shares with a par value of $0.001 per share and authorized 3,400,000 shares of Series A preferred (Series A shares), with a par value of $0.001 per share. |
Weighted average remaining contractual life of stock options outstanding and expected to vest | 8 years 11 months |
Weighted average remaining contractual life of stock options exercisable | 6 years 10 months |
Total compensation expense related to unvested options not yet recognized | $ 3,050,944 |
Weighted-average vesting period | 3 years 6 months |
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As of the balance sheet date, the aggregate unrecognized cost of equity-based awards made to employees under equity-based compensation awards that have yet to vest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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