The Arena Group Holdings, Inc. (AREN) 10-Q 15 May 14 2014 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2014	12-May-14
Document Information [Line Items]	'	'
Entity Registrant Name	'INTEGRATED SURGICAL SYSTEMS INC	'
Entity Central Index Key	'0000894871	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Smaller Reporting Company	'
Trading Symbol	'ISSM	'
Entity Common Stock, Shares Outstanding	'	8,802,073
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Period Focus	'Q1	'
Document Fiscal Year Focus	'2014	'

Condensed_Balance_Sheets

Condensed Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Current assets:	'	'
Cash and cash equivalents	$92,284	$99,716
Investments in available-for-sale securities	2,511,790	2,526,542
Other current assets	22,601	32,054
Total current assets	2,626,675	2,658,312
Total Assets	2,626,675	2,658,312
Current liabilities:	'	'
Accounts payable	36,202	18,001
Conversion feature liability	66,000	76,236
Total current liabilities	102,202	94,237
Commitments and contingencies	'	'
Redeemable convertible preferred stock, $0.01 par value, 1,000,000 shares authorized; 168 shares issued and outstanding ($168,496 aggregate liquidation value)	168,496	168,496
Stockholders' equity:	'	'
Common stock, $0.01 par value, 100,000,000 shares authorized; 8,728,543 and 8,650,417 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	87,285	86,504
Common stock to be issued	12,500	12,500
Additional paid-in capital	64,416,803	64,405,084
Accumulated deficit	-62,156,478	-62,094,561
Accumulated other comprehensive loss	-4,133	-13,948
Total stockholders' equity	2,355,977	2,395,579
Total liabilities and stockholders' equity	$2,626,675	$2,658,312

Condensed_Balance_Sheets_Paren

Condensed Balance Sheets [Parenthetical] (USD $)	Mar. 31, 2014	Dec. 31, 2013
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorised	100,000,000	100,000,000
Common stock, shares issued	8,728,543	8,650,417
Common stock, shares outstanding	8,728,543	8,650,417
Redeemable Convertible Preferred Stock [Member]	'	'
Temporary equity, par value (in dollars per share)	$0.01	$0.01
Temporary equity, shares authorized	1,000,000	1,000,000
Temporary equity, shares issued	168	168
Temporary equity, shares outstanding	168	168
Temporary equity, liquidation preference (in dollars)	$168,496	$168,496

Condensed_Statements_of_Operat

Condensed Statements of Operations and Comprehensive Income (loss) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Operating Expenses	'	'
General and administrative expenses	$73,909	$89,231
Loss from operations	-73,909	-89,231
Other income (expense)	'	'
Interest and dividend income, net	10,659	11,808
Change in fair value of conversion feature	10,236	-936
Realized loss on available-for-sale securities	-8,103	-10,986
Total other income (expense)	12,792	-114
Loss before income taxes	-61,117	-89,345
Income taxes	800	800
Net loss	-61,917	-90,145
Other comprehensive income	'	'
Unrealized gains on available-for-sale securities	9,815	16,243
Comprehensive loss	($52,102)	($73,902)
Basic net loss per common share (in dollars per share)	($0.01)	($0.01)
Diluted net loss per common share (in dollars per share)	($0.01)	($0.01)
Weighted average number of shares outstanding	'	'
Basic (in shares)	8,720,730	8,385,782
Diluted (in shares)	8,720,730	8,385,782

Condensed_Statements_of_Cash_F

Condensed Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net loss	($61,917)	($90,145)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'
Change in fair value of conversion feature	-10,236	936
Stock based compensation	12,500	15,625
Realized losses on available-for-sale securities	8,103	10,986
Changes in operating assets and liabilities:	'	'
Other current assets	9,452	12,005
Accounts payable and accrued liabilities	18,201	21,500
Income taxes payable	0	-682
Net cash used in operating activities	-23,897	-29,775
Cash flows from investing activities:	'	'
Purchases of available for sale securities	-152,207	-432,851
Proceeds received from sales of available-for-sale securities	72,672	130,621
Proceeds received from maturities of available-for-sale securities	96,000	484,124
Net cash provided by investing activities	16,465	181,894
Net increase (decrease) in cash and cash equivalents	-7,432	152,119
Cash and cash equivalents at beginning of period	99,716	113,991
Cash and cash equivalents at end of period	92,284	266,110
Supplemental cash flow disclosure:	'	'
Income taxes paid	0	800
Supplemental non-cash disclosure:	'	'
Unrealized gain (loss) on available-for-sale securities	$9,815	($16,243)

Condensed_Statement_of_Changes

Condensed Statement of Changes in Stockholders' Equity (USD $)	Total	Common Stock [Member]	Common Stock To Be Issued [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Comprehensive Income (Loss) [Member]
Balance at Dec. 31, 2013	$2,395,579	$86,504	$12,500	$64,405,084	($13,948)	($62,094,561)	$0
Balance (in shares) at Dec. 31, 2013	'	8,650,417	78,126	'	'	'	'
Stock-based compensation	0	781	-12,500	11,719	0	0	0
Stock-based compensation (in shares)	'	78,126	-78,126	'	'	'	'
Common stock to be issued	12,500	0	12,500	0	0	0	0
Common stock to be issued (in shares)	'	0	73,530	'	'	'	'
Comprehensive loss	'	'	'	'	'	'	'
Net loss	-61,917	0	0	0	0	-61,917	-61,917
Other comprehensive income (loss)	'	'	'	'	'	'	'
Net unrealized gain on investment in securities	9,815	0	0	0	9,815	0	9,815
Comprehensive loss	-52,102	0	'	0	0	0	-52,102
Balance at Mar. 31, 2014	$2,355,977	$87,285	$12,500	$64,416,803	($4,133)	($62,156,478)	'
Balance (in shares) at Mar. 31, 2014	'	8,728,543	73,530	'	'	'	'

Organization_and_Operations

Organization and Operations	3 Months Ended
	Mar. 31, 2014
Organization, Consolidation and Presentation Of Financial Statements [Abstract]	'
Nature of Operations [Text Block]	'
	1. Organization and Operations
	Integrated Surgical Systems, Inc. (the “Company”) was incorporated in Delaware in 1990 to design, manufacture, sell and service image-directed, computer-controlled robotic software and hardware products for use in orthopedic surgical procedures.  On June 28, 2007, the Company completed the sale of substantially all of its operating assets.  After completion of the sale, the Company no longer engaged in any business activities related to its former business described above. The Company’s current operations are limited to raising additional funds to be used to maintain the Company’s public company status and to complete a business combination or strategic alliance, if suitable candidates are identified.

Significant_Accounting_Policie

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation and Significant Accounting Policies [Text Block]	'
	2. Significant Accounting Policies
	Basis of Presentation
	The accompanying unaudited financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the rules and regulations under Regulation S-X of the Securities and Exchange Commission for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to present fairly the financial position as of March 31, 2014, the results of operations and cash flows for the three months then ended have been included. These financial statements should be read in conjunction with the financial statements of the Company and the Company’s management discussion and analysis included in the Company’s Form 10-K for the year ended December 31, 2013. Interim results are not necessarily indicative of the results for a full year.
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses for the reporting period.  Actual results could differ from those estimates.
	Cash and cash equivalents
	Cash and cash equivalents include checking and money market accounts held in two financial institutions. The Company has a checking account at one institution with a balance of approximately $34,000 at March 31, 2014. The funds in this account are fully guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. The Company has a money market account in a brokerage account with a second financial institution, with a money market cash balance of approximately $58,000 at March 31, 2014. Assets in this brokerage account are protected by the Securities Investor Protection Corporation (“SIPC”) up to $500,000.  The Company had no uninsured cash and cash equivalents at March 31, 2014.
	Stock-Based Compensation
	Compensation costs for stock, warrants or options issued to employees and non-employees are based on the fair value method and accounted for in accordance with FASB ASC 718, “ Compensation – Stock Compensation .”  The value of warrants are calculated using a Black-Scholes Model, using the market price of the Company’s common stock on the date of issuance for the employee options and the date of commitment for non-employee options, an expected dividend yield of zero, the expected life of the warrants or options and the expected volatility of the Company’s common stock.
	Investments in Available-for-Sale Securities
	The Company has a portfolio of investments in available-for-sale debt securities, which consist of fixed income debt securities and equity securities, which are accounted for in accordance with FASB ASC 320, “Investments - Debt and Equity Securities.”  Management determines the appropriate classification of the securities at the time they are acquired and evaluates the appropriateness of such classifications at each balance sheet date.  Available-for-sale securities are stated at fair value, and unrealized holding gains and losses, net of the related deferred tax effect, if any, are reported as other comprehensive income, a separate component of stockholders’ equity.
	Fair Value Measurement
	FASB ASC 820 “Fair Value Measurements and Disclosures” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, FASB ASC 820 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
		·	Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
		·	Level 2 - Include other inputs that are directly or indirectly observable in the marketplace.
		·	Level 3 - Unobservable inputs which are supported by little or no market activity.
	The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	In accordance with FASB ASC 820, the Company measures its cash equivalents, investments in available-for-sale securities and derivative liability at fair value. The Company’s cash equivalents and investments in available-for-sale securities are classified within Level 1 by using quoted market prices. The Company’s derivative liability is classified within Level 3.
	The carrying value of other current assets and liabilities are considered to be representative of their respective fair values because of the short-term nature of those instruments.
	Income Taxes
	Deferred income taxes have been provided for temporary differences between financial statement and income tax reporting under the liability method, using expected tax rates and laws that are expected to be in effect when the differences are expected to reverse.  A valuation allowance is provided when realization is not considered more likely than not.
	The Company applies the provisions of FASB ASC 740, “ Income Taxes .”  ASC 740 clarifies the accounting for uncertainty in income taxes recognized in the Company’s financial statements in accordance with ASC 740, “ Income Taxes ,” and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
	The Company’s policy is to classify expenses as a result of income tax assessments as interest expense for interest charges and as penalties in general and administrative expenses for penalty assessments.
	Recently Adopted Accounting Pronouncements
	In July 2013, the FASB issued Accounting Standards Update 2013-11, “Income Taxes” (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This amended guidance will require an unrecognized tax benefit, or a portion of an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance became effective for the reporting period beginning January 1, 2014. The adoption of this guidance is not estimated to have a material impact on the Company’s financial statements.
	Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Income_Loss_Per_Share

Income (Loss) Per Share	3 Months Ended
	Mar. 31, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
	3.  Income (Loss) Per Share
	Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock outstanding during the period plus dilutive common stock equivalents, using the treasury stock method.
	Common stock equivalents for convertible preferred stock of 1,166,062 shares were excluded from the calculation of loss per share for the three months ended March 31, 2014 because they were not dilutive; these shares would have been dilutive if the Company had not had a net loss for the this period.
	A warrant for 30,000 shares was excluded from the calculation of income per share for the three months ended March 31, 2014 and 2013, respectively, because their effect was anti-dilutive.

Investment_in_AvailableforSale

Investment in Available-for-Sale Securities	3 Months Ended
	Mar. 31, 2014
Available-For-Sale Securities [Abstract]	'
Available For Sale Securities Disclosure [Text Block]	'
	4.  Investment in Available-for-Sale Securities
	The following is a summary of the Company’s investments in available-for-sale securities as of March 31, 2014 (unaudited):
		Cost		Unrealized		Unrealized		Fair Value
				Gains		Losses
	U.S. federal agency securities	$	90,322	$	103	$	-258	$	90,167
	Municipal securities		660,444		2,107		-		662,551
	Certificates of deposit		1,692,480		16,155		-19,456		1,689,179
	Corporate debt securities		72,677		379		-3,163		69,893
		$	2,515,923	$	18,744	$	-22,877	$	2,511,790
	The following is a summary of the Company’s investments in available-for-sale securities as of December 31, 2013:
		Cost		Unrealized		Unrealized		Fair Value
				Gains		Losses
	U.S. federal agency securities	$	90,549	$	93	$	-277	$	90,365
	Municipal securities		735,826		2,175		-6		737,995
	Certificates of deposit		1,539,377		12,281		-19,398		1,532,260
	Corporate debt securities		174,738		275		-9,091		165,922
		$	2,540,490	$	14,824	$	-28,772	$	2,526,542
	The Company’s investment portfolio had a net realized losses of $8,103 and $10,986 for the three months ended March 31, 2014 and 2013, respectively.
	The cost and fair value of investments in fixed income available-for-sale debt securities, by contractual maturity, as of March 31, 2014 (unaudited), are as follows:
		Cost		Fair
				Value
	Due within one year	$	1,058,930	$	1,051,561
	Due after one year through three years		748,657		757,623
	Due after three years		708,336		702,606
		$	2,515,923	$	2,511,790
	Expected maturities will differ from contractual maturities because the issuers of certain debt securities have the right to call or prepay their obligations without any penalties.  The Company has classified the entire fair value of its investment in available-for-sale debt securities as current assets in the accompanying balance sheets.

CostBasis_Investment

Cost-Basis Investment	3 Months Ended
	Mar. 31, 2014
Investments, All Other Investments [Abstract]	'
Cost-method Investments, Description [Text Block]	'
	5.  Cost-Basis Investment
	On April 20, 2011, the Company purchased 363,636 shares of common stock of ClearSign Combustion Corporation, a privately-held Washington corporation (“ClearSign”), for an aggregate purchase price of $1,000,000, or $2.75 per share, in connection with ClearSign’s private offering of up to $3,000,000 of its common stock (the “ClearSign Offering”). Due to a 1.25-for-one stock split, which occurred subsequent to this purchase, the Company held 454,545 shares of common stock of ClearSign. ClearSign is an early-stage clean energy company focused on developing technology to increase energy efficiency in most types of industrial combustion systems. Prior to September 30, 2012, this investment had been accounted for using the cost method, as the Company owned less than 20% of the voting securities and did not have the ability to exercise significant influence over operating and financial policies of the entity.
	ClearSign filed a registration statement on Form S-1 (as amended) for the initial public offering of its common stock that was declared effective April 24, 2012. On April 25, 2012, ClearSign completed an initial public offering selling 3,000,000 shares of its common stock at $4.00 per share, and trading under the symbol CLIR on NASDAQ.  The shares of common stock of ClearSign previously acquired in a private placement by the Company were registered for resale or distribution as part of the offering
	On April 24, 2012, the Company’s board of directors declared a dividend to the stockholders of the Company, of an aggregate of 450,000 shares of common stock of ClearSign. The dividend was at the rate of 0.05513475 shares of ClearSign for each share of common stock of the Company, which equated to one share of common stock of ClearSign for approximately 18.137 shares of the Company’s common stock. The record date of the dividend was May 9, 2012, and the payment date of the dividend was May 23, 2012. A total of 450,952 shares of ClearSign were distributed, including 952 rounding shares. During the nine months ended September 30, 2012, the Company recorded a gain of $811,713 equal to the increase in the fair value of the ClearSign investment which had been distributed, or $1,803,808, as measured on April 25, 2012 less the cost basis of the investment.
	The Company retained 3,593 shares of ClearSign common stock, which were then sold on April 29, 2013. A realized gain of $24,475 was recorded during the twelve months ended December 31, 2013.

Redeemable_Convertible_Preferr

Redeemable Convertible Preferred Stock	3 Months Ended
	Mar. 31, 2014
Temporary Equity Disclosure [Abstract]	'
Temporary Equity Disclosure [Text Block]	'
	6.  Redeemable Convertible Preferred Stock
	The Company’s Certificate of Incorporation authorized 1,000,000 shares of undesignated, serial preferred stock. Preferred stock may be issued from time to time in one or more series. The Board of Directors is authorized to determine the rights, preferences, privileges, and restrictions granted to and imposed upon any wholly unissued series of preferred stock and designation of any such series without any further vote or action by the Company’s stockholders.
	As of March 31, 2014 and 2013, the Company’s only outstanding series of convertible preferred stock is the Series G Convertible Preferred Stock (“Series G”).
	The Series G stock has a stated value of $1,000 per share, and is convertible into common stock at a conversion price equal to 85% of the lowest sale price of the common stock on its listed market over the five trading days preceding the date of conversion ("Beneficial Conversion Feature"), subject to a maximum conversion price. The number of shares of common stock that may be converted is determined by dividing the stated value of the number of shares of Series G to be converted by the conversion price. The Company may elect to pay the Series G holder in cash at the current market price multiplied by the number of shares of common stock issuable upon conversion.
	For the period ended March 31, 2014 and the year ended December 31, 2013, no shares of Series G were converted into shares of common stock.  At March 31, 2014 and December 31, 2013, the outstanding Series G shares were convertible into a minimum of 1,166,062 and 1,238,941 shares of common stock, respectively.
	Upon a change in control, sale of or similar transaction, as defined in the Certificate of Designation for the Series G, each holder of the Series G has the option to deem such transaction as a liquidation and may redeem his or her shares at the liquidation value of $1,000, per share, for an aggregate amount of $168,496.  The sale of all the assets on June 28, 2007 triggered the preferred stockholders’ redemption option.  As such redemption is not in the control of the Company, the Series G stock has been accounted for as if it was redeemable preferred stock and is classified on the balance sheet between liabilities and stockholders’ equity.
	The conversion feature of the preferred stock is considered a derivative according to ASC 815 “Derivatives and Hedging”, therefore, the fair value of the derivative is reflected in the financial statements as a liability, which was determined to be $66,000 as of March 31, 2014, and has been included as “conversion feature liability” on the accompanying balance sheets. As of December 31, 2013, the fair value of the derivative was determined to be $76,236.
	The fair value of the conversion feature liability is calculated under a Black-Scholes Model, using the market price of the Company’s common stock on each of the balance sheet dates presented, the expected dividend yield, the expected life of the redemption and the expected volatility of the Company’s common stock.
	The Company’s assessment of the significance of a particular input to the fair value measurement requires judgment and considering factors specific to the conversion feature liability. Since some of the assumptions used by the Company are unobservable, the conversion feature liability is classified within level 3 hierarchy in the fair value measurement.
	The expected volatility of the conversion feature liability was based on the historical volatility of the Company’s common stock. The expected life assumption was based on the remaining life of the underlying preferred stock redemption. The risk-free interest rate for the expected term of the conversion feature liability was based on the average market rate on U.S. treasury securities in effect during the applicable quarter. The dividend yield reflected historical experience as well as future expectations over the expected term of the underlying preferred stock redemption. Therefore, the fair value of the conversion feature liability is sensitive to changes in above assumptions and changes of the Company’s common stock price.
	The table below shows the quantitative information about the significant unobservable inputs used in the fair value measurement of level 3 conversion feature liability:
	Expected life of the redemption in years	1
	Risk free interest rate	0.12	%
	Expected annual volatility	69.36	%
	Annual rate of dividends	0	%
	The changes in the fair value of the derivative are as follows:
	Balance as of January 1, 2014	$	76,236
	Decrease of fair value		-10,236
	Ending balance as of March 30, 2014	$	66,000

Stockbased_compensation

Stock-based compensation	3 Months Ended
	Mar. 31, 2014
Disclosure Of Compensation Related Costs, Share-Based Payments [Abstract]	'
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	'
	7.  Stock-based compensation
	On August 15, 2008, the Company granted 25,000 non-qualified stock options to each of its four directors.  These options had a vesting period of one year from the date of grant, and they became fully vested and exercisable on August 15, 2009.  These options expired on August 15, 2013.  As of March 31, 2014 and December 31, 2013, no options remain outstanding under this grant.
	The Company has previously issued 30,000 warrants in lieu of consulting fees, which expire in July 2014 and have an exercise price of $0.63 per share.
	The Company agreed to compensate two of its four directors by issuing common stock and one director in cash for services rendered in 2014 and 2013. Two of these directors are affiliated with the advisory services firm that is currently providing investment banking services to the Company.  The Company agreed to compensate the fourth director in a combination of cash and common stock for services rendered in the first quarter 2013.  Beginning in the second quarter of 2013 and continuing through 2014, the Company agreed to compensate this director in cash instead of cash and common stock.  The number of shares issued to each director was determined based upon the equivalent cash compensation accrued divided by the closing price of the Company’s common stock on the date that the compensation is fully earned each quarter, which is the last day of such quarter. The Company recorded stock-based compensation as common of $12,500 for the quarter ending March 31, 2014 for two directors, which is recorded as common stock to be issued.
	On January 9, 2014, the Company issued 39,063 shares of common stock to each of two directors as compensation for the three months ended December 31, 2013. These shares, totaling 78,126, were valued at a per share price of $0.16, or a total of $12,500.
	On April 25, 2014, the Company issued 36,765 shares of common stock to each of two directors as compensation for the three months ended March 31, 2014. These shares, totaling 73,530, were valued at a per share price of $0.17, or a total of $12,500.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	8.  Income Taxes
	The Company accounts for income taxes under FASB ASC 740 “Accounting for Income Taxes.”  Deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards, and deferred tax liabilities are recognized for taxable temporary differences. Temporary differences are the differences between the reported amounts of assets and liabilities in the Company’s financial statements and their tax bases. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that all or some portion of the deferred tax assets will not be realized. Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.
	The Company is no longer subject to U.S. federal and state income tax examinations by tax authorities for years before 2009.
	The Company has evaluated and concluded that there are no uncertain tax positions requiring recognition in the Company’s financial statements for the three months ended March 31, 2014 and 2013.
	As of March 31, 2014, and December 31, 2013 the Company had deferred tax assets primarily consisting of its net operating loss carryforwards.  However, because of the cumulative losses in several consecutive years, the Company has recorded a full valuation allowance such that its net deferred tax asset is zero.
	The Company must make judgments as to whether the deferred tax assets will be recovered from future taxable income. To the extent that the Company believes that recovery is not likely, it must establish a valuation allowance.  A valuation allowance has been established for deferred tax assets which the Company does not believe meet the “more likely than not” criteria.  The Company’s judgments regarding future taxable income may change due to changes in market conditions, changes in tax laws, tax planning strategies or other factors.  If the Company’s assumptions and consequently its estimates change in the future, the valuation allowances it has  established may be increased or decreased, resulting in a respective increase or decrease in income tax expense.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	9.  Related Party Transactions
	The Company entered into an Investment Banking Advisory Services agreement in November 2007 with MDB Capital Group, LLC (“MDB”), and the parties extended this agreement indefinitely in April 2009.  The agreement may be terminated by either party upon 30-days written notice. The Company has not paid, nor is it currently obligated to pay, any fees to MDB pursuant to this agreement and no services have been provided by MDB.
	The Company has a securities investment account with MDB, consisting of (a) available-for-sale investments totaling $2,511,790, that include short-term federal securities of $90,167, and certificates of deposit, municipal securities and corporate bonds totaling $2,421,623 at March 31, 2014, and (b) available-for-sale investments totaling $2,526,542, that include short-term federal securities of $90,365, certificates of deposit, municipal securities and corporate bonds totaling $2,436,177 at December 31, 2013.
	Mr. Christopher Marlett, the Chief Executive Officer and director of the Company, is also the Chief Executive Officer of MDB. Mr. Gary Schuman, who is the Chief Financial Officer of the Company, is also the Chief Financial Officer and Chief Compliance Officer of MDB.  The Company reimburses MDB for Mr. Schuman’s services in the amount of $3,000 per month, totaling $9,000 for the three months ending both 2014 and 2013.  Mr. Robert Levande, who is an officer and director of the Company, is also a senior managing director of MDB.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	10.  Commitments and Contingencies
	From time to time, the Company may be subject to other claims and litigation arising in the ordinary course of business.  The Company is not currently a party to any legal proceedings that it believes would reasonably be expected to have a material adverse effect on the Company’s business, financial condition or results of operations.

Significant_Accounting_Policie1

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	Basis of Presentation
	The accompanying unaudited financial statements and related notes have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial statements and with the rules and regulations under Regulation S-X of the Securities and Exchange Commission for Form 10-Q. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statement presentation. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to present fairly the financial position as of March 31, 2014, the results of operations and cash flows for the three months then ended have been included. These financial statements should be read in conjunction with the financial statements of the Company and the Company’s management discussion and analysis included in the Company’s Form 10-K for the year ended December 31, 2013. Interim results are not necessarily indicative of the results for a full year.
Use of Estimates, Policy [Policy Text Block]	'
	Use of Estimates
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and revenues and expenses for the reporting period.  Actual results could differ from those estimates.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash and cash equivalents
	Cash and cash equivalents include checking and money market accounts held in two financial institutions. The Company has a checking account at one institution with a balance of approximately $34,000 at March 31, 2014. The funds in this account are fully guaranteed by the Federal Deposit Insurance Corporation (“FDIC”) up to $250,000. The Company has a money market account in a brokerage account with a second financial institution, with a money market cash balance of approximately $58,000 at March 31, 2014. Assets in this brokerage account are protected by the Securities Investor Protection Corporation (“SIPC”) up to $500,000.  The Company had no uninsured cash and cash equivalents at March 31, 2014.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Stock-Based Compensation
	Compensation costs for stock, warrants or options issued to employees and non-employees are based on the fair value method and accounted for in accordance with FASB ASC 718, “ Compensation – Stock Compensation .”  The value of warrants are calculated using a Black-Scholes Model, using the market price of the Company’s common stock on the date of issuance for the employee options and the date of commitment for non-employee options, an expected dividend yield of zero, the expected life of the warrants or options and the expected volatility of the Company’s common stock.
Marketable Securities, Available-for-sale Securities, Policy [Policy Text Block]	'
	Investments in Available-for-Sale Securities
	The Company has a portfolio of investments in available-for-sale debt securities, which consist of fixed income debt securities and equity securities, which are accounted for in accordance with FASB ASC 320, “Investments - Debt and Equity Securities.”  Management determines the appropriate classification of the securities at the time they are acquired and evaluates the appropriateness of such classifications at each balance sheet date.  Available-for-sale securities are stated at fair value, and unrealized holding gains and losses, net of the related deferred tax effect, if any, are reported as other comprehensive income, a separate component of stockholders’ equity.
Fair Value Measurement, Policy [Policy Text Block]	'
	Fair Value Measurement
	FASB ASC 820 “Fair Value Measurements and Disclosures” clarifies that fair value is an exit price, representing the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that is determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, FASB ASC 820 establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value:
		·	Level 1 - Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets.
		·	Level 2 - Include other inputs that are directly or indirectly observable in the marketplace.
		·	Level 3 - Unobservable inputs which are supported by little or no market activity.
	The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
	In accordance with FASB ASC 820, the Company measures its cash equivalents, investments in available-for-sale securities and derivative liability at fair value. The Company’s cash equivalents and investments in available-for-sale securities are classified within Level 1 by using quoted market prices. The Company’s derivative liability is classified within Level 3.
	The carrying value of other current assets and liabilities are considered to be representative of their respective fair values because of the short-term nature of those instruments.
Income Tax, Policy [Policy Text Block]	'
	Income Taxes
	Deferred income taxes have been provided for temporary differences between financial statement and income tax reporting under the liability method, using expected tax rates and laws that are expected to be in effect when the differences are expected to reverse.  A valuation allowance is provided when realization is not considered more likely than not.
	The Company applies the provisions of FASB ASC 740, “ Income Taxes .”  ASC 740 clarifies the accounting for uncertainty in income taxes recognized in the Company’s financial statements in accordance with ASC 740, “ Income Taxes ,” and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. ASC 740 also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.
	The Company’s policy is to classify expenses as a result of income tax assessments as interest expense for interest charges and as penalties in general and administrative expenses for penalty assessments.
Recently Announced Accounting Pronouncements, Policy [Policy Text Block]	'
	Recently Adopted Accounting Pronouncements
	In July 2013, the FASB issued Accounting Standards Update 2013-11, “Income Taxes” (Topic 740): Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists. This amended guidance will require an unrecognized tax benefit, or a portion of an unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward. The guidance became effective for the reporting period beginning January 1, 2014. The adoption of this guidance is not estimated to have a material impact on the Company’s financial statements.
	Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying financial statements.

Investment_in_AvailableforSale1

Investment in Available-for-Sale Securities (Tables)	3 Months Ended
	Mar. 31, 2014
Available-For-Sale Securities [Abstract]	'
Schedule of Available-for-sale Securities Reconciliation [Table Text Block]	'
	The following is a summary of the Company’s investments in available-for-sale securities as of March 31, 2014 (unaudited):
		Cost		Unrealized		Unrealized		Fair Value
				Gains		Losses
	U.S. federal agency securities	$	90,322	$	103	$	-258	$	90,167
	Municipal securities		660,444		2,107		-		662,551
	Certificates of deposit		1,692,480		16,155		-19,456		1,689,179
	Corporate debt securities		72,677		379		-3,163		69,893
		$	2,515,923	$	18,744	$	-22,877	$	2,511,790
	The following is a summary of the Company’s investments in available-for-sale securities as of December 31, 2013:
		Cost		Unrealized		Unrealized		Fair Value
				Gains		Losses
	U.S. federal agency securities	$	90,549	$	93	$	-277	$	90,365
	Municipal securities		735,826		2,175		-6		737,995
	Certificates of deposit		1,539,377		12,281		-19,398		1,532,260
	Corporate debt securities		174,738		275		-9,091		165,922
		$	2,540,490	$	14,824	$	-28,772	$	2,526,542
Available-for-sale Securities [Table Text Block]	'
	The cost and fair value of investments in fixed income available-for-sale debt securities, by contractual maturity, as of March 31, 2014 (unaudited), are as follows:
		Cost		Fair
				Value
	Due within one year	$	1,058,930	$	1,051,561
	Due after one year through three years		748,657		757,623
	Due after three years		708,336		702,606
		$	2,515,923	$	2,511,790

Redeemable_Convertible_Preferr1

Redeemable Convertible Preferred Stock (Tables)	3 Months Ended
	Mar. 31, 2014
Temporary Equity Disclosure [Abstract]	'
Fair Value Inputs, Liabilities, Quantitative Information [Table Text Block]	'
	The table below shows the quantitative information about the significant unobservable inputs used in the fair value measurement of level 3 conversion feature liability:
	Expected life of the redemption in years	1
	Risk free interest rate	0.12	%
	Expected annual volatility	69.36	%
	Annual rate of dividends	0	%
Schedule of Derivative Liabilities at Fair Value [Table Text Block]	'
	The changes in the fair value of the derivative are as follows:
	Balance as of January 1, 2014	$	76,236
	Decrease of fair value		-10,236
	Ending balance as of March 30, 2014	$	66,000

Significant_Accounting_Policie2

Significant Accounting Policies (Details Textual) (USD $)	Mar. 31, 2014
Significant Accounting Policies [Line Items]	'
Checking Account	$34,000
Assets Guaranteed By Federal Deposit Insurance Corporation Maximum	250,000
Money Market Funds, at Carrying Value	58,000
Maximum Amount Of Assets Protected By Securities Investor Protection Corporation In Brokerage Account	$500,000

Income_Loss_Per_Share_Details_

Income (Loss) Per Share (Details Textual)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Loss Per Share [Line Items]	'	'
Incremental Common Shares Attributable to Conversion of Preferred Stock	1,166,062	'
Warrant [Member]	'	'
Income Loss Per Share [Line Items]	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	30,000	30,000

Investment_in_AvailableforSale2

Investment in Available-for-Sale Securities (Details) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Cost	$2,515,923	$2,540,490
Available-for-sale Securities, Gross Unrealized Gains	18,744	14,824
Available-for-sale Securities, Gross Unrealized Losses	-22,877	-28,772
Available-for-sale Securities, Fair Value	2,511,790	2,526,542
U.S. federal agency securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Cost	90,322	90,549
Available-for-sale Securities, Gross Unrealized Gains	103	93
Available-for-sale Securities, Gross Unrealized Losses	-258	-277
Available-for-sale Securities, Fair Value	90,167	90,365
Municipal securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Cost	660,444	735,826
Available-for-sale Securities, Gross Unrealized Gains	2,107	2,175
Available-for-sale Securities, Gross Unrealized Losses	0	-6
Available-for-sale Securities, Fair Value	662,551	737,995
Certificates of deposit [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Cost	1,692,480	1,539,377
Available-for-sale Securities, Gross Unrealized Gains	16,155	12,281
Available-for-sale Securities, Gross Unrealized Losses	-19,456	-19,398
Available-for-sale Securities, Fair Value	1,689,179	1,532,260
Corporate debt securities [Member]	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Available-for-sale Securities, Cost	72,677	174,738
Available-for-sale Securities, Gross Unrealized Gains	379	275
Available-for-sale Securities, Gross Unrealized Losses	-3,163	-9,091
Available-for-sale Securities, Fair Value	$69,893	$165,922

Investment_in_AvailableforSale3

Investment in Available-for-Sale Securities (Details 1) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Due within one year, Cost	$1,058,930	'
Due after one year through three years, Cost	748,657	'
Due after three years, Cost	708,336	'
Available-for-sale Securities, Amortized Cost, Total	2,515,923	'
Due within one year, Fair Value	1,051,561	'
Due after one year through three years, Fair Value	757,623	'
Due after three years, Fair Value	702,606	'
Available-for-sale Securities, Fair Value, Total	$2,511,790	$2,526,542

Investment_in_AvailableforSale4

Investment in Available-for-Sale Securities (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Gain (Loss) on Investments	$8,103	$10,986

CostBasis_Investment_Details_T

Cost-Basis Investment (Details Textual) (USD $)	0 Months Ended	1 Months Ended			9 Months Ended	12 Months Ended
	Apr. 29, 2013	Apr. 24, 2012	Apr. 25, 2012	Apr. 20, 2011	Sep. 30, 2012	Dec. 31, 2013
Schedule of Investments [Line Items]	'	'	'	'	'	'
Stockholders Equity Note, Stock Split, Conversion Ratio	'	'	'	1.25	'	'
Equity Method Investments Shares Acquired After Stock Split	'	'	'	454,545	'	'
Equity Method Investment, Ownership Percentage	'	'	'	'	20.00%	'
Clearsign Combustion Corporation [Member]	'	'	'	'	'	'
Schedule of Investments [Line Items]	'	'	'	'	'	'
Equity Method Investments Shares Acquired	'	'	'	363,636	'	'
Equity Method Investment, Aggregate Cost	'	'	'	$1,000,000	'	'
Equity Method Investments Per Share Value Of Shares Acquired	'	'	'	$2.75	'	'
Stock Issued During Period, Value, Private Offering Issues	'	'	'	3,000,000	'	'
Sale of Stock, Number of Shares Issued in Transaction	'	'	3,000,000	'	'	'
Sale of Stock, Price Per Share	'	'	$4	'	'	'
Common Stock Dividend Declared	'	450,000	'	'	'	'
Common Stock Dividend Rate Percentage	'	$0.06	'	'	'	'
Shares Issuable For One Share Of Equity Method Investee	'	18.137	'	'	'	'
Common Stock Dividends, Shares	'	450,952	'	'	'	'
Common Stock Dividend Rounding Shares	'	952	'	'	'	'
Equity Method Investment, Realized Gain (Loss) on Disposal	'	'	'	'	811,713	'
Equity Method Investment Measured Cost Basis	'	'	1,803,808	'	'	'
Equity Method Investment Shares Retained After Dividend Distribution	3,593	'	'	'	'	'
Available-for-sale Securities, Gross Realized Gains	'	'	'	'	'	$24,475

Redeemable_Convertible_Preferr2

Redeemable Convertible Preferred Stock (Details) (Fair Value, Inputs, Level 3 [Member])	3 Months Ended
	Mar. 31, 2014
Fair Value, Inputs, Level 3 [Member]	'
Expected life of the redemption in years	'1 year
Risk free interest rate	0.12%
Expected annual volatility	69.36%
Annual rate of dividends	0.00%

Redeemable_Convertible_Preferr3

Redeemable Convertible Preferred Stock (Details 1) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Balance as of January 1, 2014	$76,236	'
Decrease of fair value	-10,236	936
Ending balance as of March 30, 2014	$66,000	'

Redeemable_Convertible_Preferr4

Redeemable Convertible Preferred Stock (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Temporary Equity [Line Items]	'	'
Preferred Stock, Shares Authorized	1,000,000	'
Conversion feature liability	$66,000	76,236
Series G Preferred Stock [Member]	'	'
Temporary Equity [Line Items]	'	'
Preferred Stock, Par or Stated Value Per Share	$1,000	'
Convertible Preferred Stock, Terms of Conversion	'convertible into common stock at a conversion price equal to 85% of the lowest sale price of the common stock on its listed market over the five trading days preceding the date of conversion ("Beneficial Conversion Feature"), subject to a maximum conversion price.	'
Preferred Stock, Shares Outstanding	1,166,062	1,238,941
Preferred Stock, Liquidation Preference Per Share	$1,000	'
Preferred Stock, Liquidation Preference, Value	$168,496	'

Stockbased_compensation_Detail

Stock-based compensation (Details Textual) (USD $)	0 Months Ended				3 Months Ended	0 Months Ended		3 Months Ended
	Jan. 09, 2014	Aug. 15, 2008	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Jan. 09, 2014	Mar. 31, 2014	Mar. 31, 2014
					Subsequent Event [Member]	Director Two [Member]	Director Two [Member]	Director Two [Member]
								Subsequent Event [Member]
Share Based Compensation Arrangement By Share Based Payment Award Exercisable Date	'	15-Aug-09	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date	'	15-Aug-13	'	'	'	'	'	'
Class of Warrant or Right, Outstanding	'	'	'	'	30,000	'	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	'	'	'	'	0.63	'	'	'
Common Stock Value To Be Issued	'	'	$12,500	$12,500	'	'	$12,500	'
Stock Issued During Period, Shares, New Issues	78,126	'	'	'	73,530	39,063	'	36,765
Stock Issued During Period Per Share Value Of New Issues	$0.16	'	'	'	$0.17	'	'	'
Stock Issued During Period, Value, New Issues	$12,500	'	'	'	$12,500	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	'	25,000	'	'	'	'	'	'

Related_Party_Transactions_Det

Related Party Transactions (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Related Party Transaction [Line Items]	'	'	'
Available-For-Sale Securities, Current	$2,511,790	'	$2,526,542
MDB Capital Group LLC [Member]	'	'	'
Related Party Transaction [Line Items]	'	'	'
Available-For-Sale Securities, Current	2,511,790	'	2,526,542
Federal Securities Current	90,167	'	90,365
Certificates Of Deposit Municipal Securities and Corporate Bonds	2,421,623	'	2,436,177
Reimbursement For Related Party Services Per Month	3,000	'	'
Reimbursement For Related Party Services	$9,000	$9,000	'