Quarterly report pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS (Details Textual)

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RELATED PARTY TRANSACTIONS (Details Textual) (USD $)
 9 Months Ended 1 Months Ended 3 Months Ended 9 Months Ended 1 Months Ended 3 Months Ended 3 Months Ended 4 Months Ended 12 Months Ended 1 Months Ended 1 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 3 Months Ended 4 Months Ended 1 Months Ended 3 Months Ended 4 Months Ended 3 Months Ended 4 Months Ended 3 Months Ended 4 Months Ended 1 Months Ended 1 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Unsecured Convertible Notes Payable [Member]
Jun. 30, 2011
Unsecured Convertible Notes Payable [Member]
Sep. 30, 2011
Unsecured Convertible Notes Payable [Member]
Jun. 30, 2012
Convertible Notes Payable [Member]
Dec. 31, 2011
Secured Convertible Bridge Notes Payable [Member]
Nov. 30, 2011
Secured Convertible Bridge Notes Payable [Member]
Oct. 31, 2011
Secured Convertible Bridge Notes Payable [Member]
Jun. 30, 2012
Secured Convertible Bridge Notes Payable [Member]
Feb. 29, 2012
Secured Convertible Bridge Notes Payable [Member]
Dec. 31, 2011
Secured Convertible Bridge Notes Payable [Member]
Jun. 30, 2012
Secured Convertible Bridge Notes Payable [Member]
Jun. 30, 2011
Secured Convertible Bridge Notes Payable [Member]
Sep. 30, 2011
Secured Convertible Bridge Notes Payable [Member]
Feb. 28, 2010
Engagement Agreement [Member]
Jun. 30, 2012
Engagement Agreement [Member]
Jun. 30, 2011
Engagement Agreement [Member]
Jun. 30, 2011
January Purchase Agreement [Member]
Mar. 31, 2011
January Purchase Agreement [Member]
Apr. 30, 2011
January Purchase Agreement [Member]
Dec. 31, 2011
Amendment and Conversion Agreements [Member]
Nov. 30, 2011
Bridge Note Purchase Agreement 2011 [Member]
May 25, 2012
John Pappajohn [Member]
Apr. 26, 2012
John Pappajohn [Member]
Jun. 30, 2012
John Pappajohn [Member]
Secured Convertible Bridge Notes Payable [Member]
Sep. 30, 2010
John Pappajohn [Member]
Secured Convertible Bridge Notes Payable [Member]
Dec. 31, 2011
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Nov. 30, 2011
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Oct. 31, 2011
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Feb. 29, 2012
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Dec. 27, 2011
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Nov. 11, 2011
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Oct. 18, 2011
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Dec. 27, 2011
John Pappajohn [Member]
Bridge Note Purchase Agreement 2011 [Member]
Additional Notes Issue [Member]
Sep. 30, 2010
Mr David Jones [Member]
October Purchase Agreement [Member]
Nov. 03, 2010
BGN Acquisition [Member]
October Purchase Agreement [Member]
Feb. 15, 2011
Mr Paul Buck [Member]
January Purchase Agreement [Member]
Mar. 31, 2011
Mr Paul Buck [Member]
January Purchase Agreement [Member]
Unsecured Convertible Notes Payable [Member]
Feb. 15, 2011
Immediate Family Member Of Management Or Principal Owner [Member]
January Purchase Agreement [Member]
Mar. 31, 2011
Immediate Family Member Of Management Or Principal Owner [Member]
January Purchase Agreement [Member]
Unsecured Convertible Notes Payable [Member]
Mar. 31, 2011
Mr Andy Sassine [Member]
Feb. 23, 2011
Mr Andy Sassine [Member]
Mar. 31, 2011
Pyxis Long Short Fund Healthcare Fund [Member]
Purchase Agreement 2011 [Member]
Feb. 28, 2011
Pyxis Long Short Fund Healthcare Fund [Member]
Purchase Agreement 2011 [Member]
Mar. 31, 2011
Pyxis Long Short Fund Healthcare Fund [Member]
Purchase Agreement 2011 [Member]
Unsecured Convertible Notes Payable [Member]
Jun. 30, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Mar. 31, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Apr. 30, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Apr. 25, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Apr. 15, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Feb. 28, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Jan. 31, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Convertible Notes Payable [Member]
Jun. 30, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Convertible Notes Payable [Member]
Apr. 30, 2011
Sail Venture Partners L P [Member]
January Purchase Agreement [Member]
Convertible Notes Payable [Member]
Jun. 30, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Mar. 31, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Apr. 30, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Apr. 25, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Apr. 15, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Feb. 28, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Jun. 30, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Convertible Notes Payable [Member]
Mar. 31, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Convertible Notes Payable [Member]
Apr. 30, 2011
Sail2010 Co-Investment Partners L P [Member]
January Purchase Agreement [Member]
Convertible Notes Payable [Member]
Apr. 30, 2011
Cummings Bay Healthcare Fund [Member]
Purchase Agreement 2011 [Member]
Apr. 25, 2011
Cummings Bay Healthcare Fund [Member]
Purchase Agreement 2011 [Member]
Apr. 25, 2011
Cummings Bay Healthcare Fund [Member]
Purchase Agreement 2011 [Member]
Unsecured Convertible Notes Payable [Member]
Jun. 30, 2012
Zanett Opportunity Fund, Ltd [Member]
Unsecured Convertible Notes Payable [Member]
Jun. 30, 2012
Zanett Opportunity Fund, Ltd [Member]
Secured Convertible Bridge Notes Payable [Member]
Feb. 29, 2012
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Jan. 31, 2012
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Nov. 30, 2011
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Jan. 29, 2012
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Nov. 17, 2011
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Feb. 29, 2012
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Unsecured Convertible Notes Payable [Member]
Jan. 31, 2012
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Unsecured Convertible Notes Payable [Member]
Nov. 30, 2011
Zanett Opportunity Fund, Ltd [Member]
Bridge Note Purchase Agreement 2011 [Member]
Unsecured Convertible Notes Payable [Member]
Accrued Consulting Fees $ 72,000 $ 27,000                                                                                                                                                      
Payments For Consulting Fees   18,000                                                                                                                                                      
Notes Payable, Related Parties     30,000 [1]   0 6,637,200       1,083,300 [2]     1,083,300 [2]   0                     114,600 [2],[3] 250,000         250,000 250,000 250,000 750,000 250,000 250,000 50,000   50,000     200,000   400,000         125,000 250,000 187,500             125,000 250,000 62,500         150,000   7,500 [1],[4] 156,300 [2],[4] 90,000     40,000 250,000      
Retainer Fees                               10,000                                                                                                                          
Accrued Retainer Fees                                   290,000                                                                                                                      
Payments For Retainer Fees                                 155,000                                                                                                                        
Retainer Fees Outstanding                                 135,000                                                                                                   8,334                    
Debt Instrument, Convertible, Number of Equity Instruments             83,344 83,344 41,667   250,002 83,344                                   41,667                 2,778   2,778 5       22,223             10,417 6,945 13,889             6,945 3,473 13,889                     30,000 13,334 83,334
Beneficial Ownership Percentage                                           30.00% 100.00%                                         5.00%                                         5.00%                        
Net proceeds from bridge notes 1,995,300 4,400,000 1,995,300 0                 1,995,300 2,500,000         250,000 250,000 500,000                                                   125,000 187,500 250,000             125,000 62,500 250,000                                      
Proceeds from Secured Notes Payable                                                       250,000 250,000 250,000 750,000                                                                             90,000 40,000 250,000          
Percentage Of Shares Issuable Upon Conversion Of Warrants                   100.00%                                                                                                                                      
Short-term Debt                                               $ 100,000 $ 100,000                                                                                                        
[1] The Unsecured Bridge Note: the terms of this note are identical to the 2011 Bridge Note described above, except that this note is not secured. There was only one note of this type issued to the Zanett Opportunity Fund as described in (12) above
[2] The 2011 Bridge Notes: The 2011 Bridge Financing Purchase Agreement provides for the issuance and sale of 2011 Bridge Notes (including the notes issued in October 2011) in the aggregate principal amount of up to $2,000,000, and warrants to purchase a number of shares corresponding to 100% of the number of shares issuable on conversion of the Bridge Notes, in one or multiple closings to occur no later than April 1, 2012. The 2011 Bridge Financing Purchase Agreement also provides that the Company and the holders of the 2011 Bridge Notes will enter into a registration rights agreement covering the registration of the resale of the shares underlying the 2011 Bridge Notes and the related warrants. The 2011 Bridge Notes mature one year from the date of issuance (subject to earlier conversion or prepayment), earn interest equal to 9% per year with interest payable at maturity, are convertible into shares of common stock of the Company at a conversion price of $3.00, are secured by a second position security interest in the Company's assets that is pari passu with the interest recently granted to the holders of the January Notes, are subordinated in all respects to the Company's obligations under its October Notes and the related guaranties issued to certain investors by SAIL Venture Partners, L.P. and are pari passu to the obligations under the January Notes. The second position security interest is governed by the Amended and Restated Security Agreement. The conversion price of the 2011 Bridge Notes is subject to adjustment upon (1) the subdivision or combination of, or stock dividends paid on, the common stock; (2) the issuance of cash dividends and distributions on the common stock; (3) the distribution of other capital stock, indebtedness or other non-cash assets; and (4) the completion of a financing at a price below the conversion price then in effect. At the closing of a public offering by the Company of shares of its common stock and/or other securities with gross proceeds to the Company of at least $10 million (the "Qualified Offering"), each 2011 Bridge Note will be either redeemed or converted (in whole or in part) at a conversion price equal to the lesser of the public offering price or the conversion price then in effect, with the choice between redemption and conversion being at the sole option of the holder. The 2011 Bridge Notes can be declared due and payable upon an event of default, defined in the 2011 Bridge Notes to occur, among other things, if the Company fails to pay principal and interest when due, in the case of voluntary or involuntary bankruptcy or if the Company fails to perform any covenant or agreement as required by the 2011 Bridge Note or materially breaches any representation or warranty in the 2011 Bridge Note or the 2011 Bridge Financing Purchase Agreement. The warrants related to the 2011 Bridge Notes expire five years from the date of issuance and are exercisable for shares of common stock of the Company at an exercise price of $3.00. Exercise price and number of shares issuable upon exercise are subject to adjustment (1) upon the subdivision or combination of, or stock dividends paid on, the common stock; (2) in case of any reclassification, capital reorganization or change in capital stock and (3) upon the completion of a financing at a price below the exercise price then in effect (including the Qualified Offering), except that subsequent to the Qualified Offering, the exercise price will not be adjusted for any further financings. The warrants contain a cashless exercise provision. With the exception of each holder's option to redeem or convert their 2011 Bridge Note at the closing of the Qualified Offering, any provision of the 2011 Bridge Notes or related warrants can be amended, waived or modified upon the written consent of the Company and holders of a majority of the aggregate principal amount of such notes outstanding. Any such majority consent will affect all 2011 Bridge Notes or warrants, as the case may be, and will be binding on the Company and all holders of the 2011 Bridge Notes or warrants. Each holder's option to redeem or convert the 2011 Bridge Note at the closing of the Qualified Offering cannot be amended, waived or modified without the written consent of the Company and such holder and such amendment, waiver or modification will be binding only on the Company and such holder. The Amended and Restated Security Agreement and the corresponding security interest terminate (1) with respect to the October Notes, if and when holders of a majority of the aggregate principal amount of October Notes issued have converted their notes into shares of common stock and (2) with respect to the January Notes and 2011 Bridge Notes, if and when holders of a majority of the aggregate principal amount of January Notes and 2011 Bridge Notes (on a combined basis) have converted their notes.
[3] Mr. John Pappajohn is a Director of the Company. On June 3, 2010, we entered into a Bridge Note and Warrant Purchase Agreement with John Pappajohn to purchase two secured promissory notes (each, a "Bridge Note") in the aggregate principal amount of $500,000, with each Bridge Note in the principal amount of $250,000 maturing on December 2, 2010. On June 3, 2010, Mr. Pappajohn loaned the Company $250,000 in exchange for the first Bridge Note (there were no warrants issued in connection with this first note) and on July 25, 2010, Mr. Pappajohn loaned the Company $250,000 in exchange for the second Bridge Note. In connection with his purchase of the second Bridge Note, Mr. Pappajohn received a warrant to purchase up to 8,334 shares of our common stock. The exercise price of the warrant (subject to anti-dilution adjustments, including for issuances of securities at prices below the then-effective exercise price) was $15.00 per share. Pursuant to a separate agreement that we entered into with Mr. Pappajohn on July25, 2010, we granted him a right to convert his Bridge Notes into shares of our common stock at a conversion price of $15.00. The conversion price was subject to customary anti-dilution adjustments, but would never be less than $9.00. Each Bridge Note accrued interest at a rate of 9% per annum.On October 1, 2010, we entered into a Note and Warrant Purchase Agreement (the "October Purchase Agreement") with John Pappajohn, pursuant to which we issued to Mr. Pappajohn October Notes in the aggregate principal amount of $761,700 and warrants to purchase up to 126,949 shares of common stock. The Company received $250,000 in gross proceeds from the issuance of October Notes in the aggregate principal amount of $250,000 and related warrants to purchase up to 41,667 shares. We also issued October Notes in the aggregate principal amount of $511,700, and related warrants to purchase up to 85,282 shares, to Mr. Pappajohn in exchange for the cancellation of the two Bridge Notes originally issued to him on June 3, 2010 and July 25, 2010 in the aggregate principal amount of $500,000 (and accrued and unpaid interest on those notes) and a warrant to purchase up to 8,334 shares originally issued to him on July 25, 2010. The transaction closed on October 1, 2010.On October 18, 2011, the Company entered into a new note and warrant purchase agreement in connection with a $2 million bridge financing (the "2011 Bridge Financing"), with John Pappajohn. Pursuant to the agreement, the Company issued subordinated secured convertible notes (the "2011 Bridge Notes") in the aggregate principal amount of $250,000 and warrants to purchase 83,334 shares of common stock to Mr. Pappajohn for gross proceeds to the Company of $250,000.The new note and warrant purchase agreement initially provided for the issuance and sale of 2011 Bridge Notes in the aggregate principal amount of up to $2,000,000, and warrants to purchase a number of shares corresponding to 50% of the number of shares issuable on conversion of the 2011 Bridge Notes, in one or multiple closings to occur no later than April 1, 2012. On November 11, 2011, the Company entered into an Amended and Restated Note and Warrant Purchase Agreement (the "2011 Bridge Financing Purchase Agreement") in connection with the Bridge Financing, which amended and restated the October agreement in that it increased the warrant coverage from 50% to 100%. In addition, each holder's option to redeem or convert their 2011 Bridge Note at the closing of the Qualified Offering (defined below) can now only be amended, waived or modified with the consent of the Company and that holder.On each of November 10, 2011 and December 27, 2011, the Company issued a 2011 Bridge Note in the aggregate principal amount of $250,000 and warrants to purchase 83,334 shares of common stock to Mr. Pappajohn for gross proceeds to the Company of $250,000. The combined aggregate amount for these two 2011 Bridge Financings was $500,000 and warrants to purchase 166,668 shares of common stock for gross proceeds to the Company of $500,000.
[4] On November 17, 2011, Zanett Opportunity Fund, Ltd., a Bermuda corporation for which McAdoo Capital, Inc. is the investment manager, purchased 2011 Bridge Notes in the aggregate principal amount of $250,000 and warrants to purchase 83,334 shares of common stock for cash payments aggregating $250,000. Mr. McAdoo is the president and owner of McAdoo Capital, Inc. On November 21, 2011, the Board of Directors elected Zachary McAdoo to the Board. Mr. McAdoo also serves as Chairman of the Board's Audit Committee. On January 27, 2012 we issued Zanett an additional 2011 Bridge Note in the aggregate amount of $40,000 and a warrant to purchase 13,334 shares of common stock for gross proceeds to the company of $40,000. On February 29, 2012 we issued Zanett a subordinated unsecured promissory note ("Unsecured Note") in the aggregate principal amount of $90,000 and a warrant to purchase 30,000 shares of common stock for gross proceeds to the Company of $90,000. The terms of the Unsecured Notes and related warrants are substantially similar to the terms of the 2011 Bridge Notes and related warrants, except that the Unsecured Notes are not secured by our assets.