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Document and Entity Information - shares	9 Months Ended
Document and Entity Information - shares	Sep. 30, 2012	Nov. 10, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	SafeStitch Medical, Inc.
Entity Central Index Key	0000876378
Document Type	10-Q
Document Period End Date	Sep. 30, 2012
Amendment Flag	false
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		48,797,755

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 118	$ 298
Accounts Receivable - trade	9
Other receivable - related-party	45	66
Prepaid expenses	83	143
Inventories	1,687
Total Current Assets	1,942	507
FIXED ASSETS
Property and equipment, net	349	470
OTHER ASSETS
Security deposits	2	2
Deferred financing costs, net	7	14
Total Other Assets	9	16
TOTAL ASSETS	2,300	993
CURRENT LIABILITIES
Accounts payable and accrued liabilities	860	469
Total Current Liabilities	860	469
Stockholder loans, including accrued interest (Note 5)	300	2,523
Commitments and contingencies (Note 8)
STOCKHOLDERS' EQUITY (DEFICIT)
Common stock, $0.001 par value per share, 225,000,000 shares authorized, 48,797,755 and 28,003,755 shares issued and outstanding	49	28
Additional paid-in capital	29,396	20,762
Deficit accumulated during the development stage	(28,305)	(22,789)
Total Stockholders' Equity (Deficit)	1,140	(1,999)
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$ 2,300	$ 993

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2012	Dec. 31, 2011
Condensed Consolidated Balance Sheets [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	225,000,000	225,000,000
Common stock, shares issued	48,797,755	28,003,755
Common stock, shares outstanding	48,797,755	28,003,755

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended		85 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Revenues	$ 11		$ 20		$ 20
Cost of sales	8		179		179
Gross margin	3		(159)		(159)
Operating costs and expenses
Research and development	557	$ 975	2,504	$ 2,480	15,441
Selling, general and administrative	822	506	2,803	1,627	11,799
Total operating costs and expenses	1,379	1,481	5,307	4,107	27,240
Operating loss	(1,376)	(1,481)	(5,466)	(4,107)	(27,399)
Other income and expense
Other income					1,147
Interest income, net					79
Amortization of deferred financing cost	(2)	(5)	(7)	(36)	(1,977)
Interest expense		(7)	(43)	(7)	(155)
Total other income and expense	(2)	(12)	(50)	(43)	(906)
Loss before income tax	(1,378)	(1,493)	(5,516)	(4,150)	(28,305)
Provision for income tax
Net loss	(1,378)	(1,493)	(5,516)	(4,150)	(28,305)
Loss attributable to common stockholders and loss per common share:
Net loss	(1,378)	(1,493)	(5,516)	(4,150)	(28,305)
Net loss attributable to common stockholders	$ (1,378)	$ (1,493)	$ (5,516)	$ (4,150)	(33,672)
Weighted average shares outstanding, basic and diluted	48,798	28,004	45,155	28,004
Net loss per basic and diluted share	$ (0.03)	$ (0.05)	$ (0.12)	$ (0.15)
Series A Preferred Conversion
Loss attributable to common stockholders and loss per common share:
Deemed dividend					(4,301)
Series A Preferred Stock
Loss attributable to common stockholders and loss per common share:
Deemed dividend					(700)
Dividends - Series A Preferred Stock					$ (366)

Condensed Consolidated Statements of Stockholder's Equity (Deficit) - USD ($) shares in Thousands, $ in Thousands	Total	Preferred Stock	Preferred Stock Series A Preferred Stock	Preferred Stock Series A Preferred Conversion	Common Stock	Additional Paid-in Capital	Deficit Accumulated During the Development Stage
Beginning Balance at Sep. 15, 2005
Beginning Balance, Shares at Sep. 15, 2005
Capital contributed	1					1
Net loss	(76)						(76)
Ending Balance at Dec. 31, 2005	(75)					1	(76)
Ending Balance, Shares at Dec. 31, 2005
Beginning Balance at Sep. 15, 2005
Beginning Balance, Shares at Sep. 15, 2005
Net loss	(28,305)
Ending Balance at Sep. 30, 2012	1,140				$ 49	29,396	(28,305)
Ending Balance, Shares at Sep. 30, 2012					48,798
Beginning Balance at Dec. 31, 2005	(75)					1	(76)
Beginning Balance, Shares at Dec. 31, 2005
Capital contributed	1,504				$ 11	1,493
Capital contributed, Shares					11,256
Net loss	(1,060)						(1,060)
Ending Balance at Dec. 31, 2006	369				$ 11	1,494	(1,136)
Ending Balance, Shares at Dec. 31, 2006					11,256
Capital contributed	5,093				$ 5	5,088
Capital contributed, Shares					4,837
Net loss	(3,041)						(3,041)
Ending Balance at Dec. 31, 2007	2,421				$ 16	6,582	(4,177)
Ending Balance, Shares at Dec. 31, 2007					16,093
Issuance of common shares in private offering	3,988				$ 2	3,986
Issuance of common shares in private offering, Shares					1,862
Issuance of common shares as repayment of stockholder note per share	10					10
Issuance of common shares as repayment of stockholder note per share, Shares					8
Stock-based compensation	239					239
Net loss	(5,185)						(5,185)
Ending Balance at Dec. 31, 2008	1,473				$ 18	10,817	(9,362)
Ending Balance, Shares at Dec. 31, 2008					17,963
Issuance of Series A Preferred Stock, net of offering costs	1,982		$ 20			1,962
Issuance of Series A Preferred Stock, net of offering costs , shares			2,000
Fair value of beneficial conversion feature of Series A Preferred Stock	200					200
Deemed dividend to Series A Preferred Stockholders, charged to additional paid-in capital in the absence of retained earnings	(200)					(200)
Stock-based compensation	195					195
Net loss	(2,366)						(2,366)
Ending Balance at Dec. 31, 2009	1,284	$ 20			$ 18	12,974	(11,728)
Ending Balance, Shares at Dec. 31, 2009		2,000			17,963
Issuance of Series A Preferred Stock, net of offering costs	1,998		$ 20			1,978
Issuance of Series A Preferred Stock, net of offering costs , shares			2,000
Fair value of beneficial conversion feature of Series A Preferred Stock	500					500
Deemed dividend to Series A Preferred Stockholders, charged to additional paid-in capital in the absence of retained earnings	(500)					(500)
Issuance of common shares in private offering	4,974				$ 5	4,969
Issuance of common shares in private offering, Shares					4,978
Conversion of shares of Series A Preferred Stock and accumulated dividends into shares of Common Stock				$ (40)	$ 4	36
Conversion of shares of Series A Preferred Stock and accumulated dividends into shares of Common Stock , shares				(4,000)	4,366
Issuance of shares of Common Stock as Consideration Shares					$ 1	(1)
Issuance of shares of Common Stock as Consideration Shares , shares					697
Intrinsic value of aggregate shares of Common Stock issued on conversion of Series A Preferred Stock	4,301					4,301
Dividend paid to Series A Preferred Stockholders on conversion, charged to additional paid-in capital in the absence of retained earnings	(4,301)					(4,301)
Stock-based compensation	471					471
Net loss	(5,303)						(5,303)
Ending Balance at Dec. 31, 2010	3,424				$ 28	20,427	(17,031)
Ending Balance, Shares at Dec. 31, 2010					28,004
Stock-based compensation	335					335
Net loss	(5,758)						(5,758)
Ending Balance at Dec. 31, 2011	(1,999)				$ 28	20,762	(22,789)
Ending Balance, Shares at Dec. 31, 2011					28,004
Issuance of shares of Common Stock as Consideration Shares	8,318				$ 21	8,297
Issuance of shares of Common Stock as Consideration Shares , shares					20,794
Stock-based compensation	337					337
Net loss	(5,516)						(5,516)
Ending Balance at Sep. 30, 2012	$ 1,140				$ 49	$ 29,396	$ (28,305)
Ending Balance, Shares at Sep. 30, 2012					48,798

Condensed Consolidated Statements of Stockholder's Equity (Deficit) (Parenthetical) - $ / shares	1 Months Ended						12 Months Ended
	Sep. 30, 2010	Jun. 30, 2010	Jan. 31, 2010	Jul. 31, 2009	Dec. 30, 2008	May 31, 2008	Dec. 31, 2010	Sep. 30, 2012	Jan. 08, 2008
Issuance of common shares in private offering		$ 1.00				$ 2.15
Repayment of stockholder related to Issuance of common shares					$ 1.22
Common stock, par value								$ 0.001
Common stock, shares issued							697,000	48,797,755
Series A Preferred Stock
Issuance of Series A Preferred Stock			$ 1.00	$ 1.00
Series A Preferred Conversion
Intrinsic value of aggregate shares of Common Stock issued on conversion of Series A Preferred Stock							5,063,000
Preferred Stock
Conversion of shares of series A Preferred Stock	4,000,000
Conversion of accumulated dividends	4,366,000
Preferred Stock \| Series A Preferred Stock
Issuance of Series A Preferred Stock			1.00	1.00
Common Stock
Conversion of shares of series A Preferred Stock	4,000,000
Conversion of accumulated dividends	4,366,000
Issuance of common shares in private offering		1.00				2.15
Repayment of stockholder related to Issuance of common shares					1.22
Common stock, par value								$ 0.40	$ 0.001
Common stock, shares issued								20,794,000
Additional Paid-in Capital
Conversion of shares of series A Preferred Stock	4,000,000
Conversion of accumulated dividends	4,366,000
Issuance of common shares in private offering		$ 1.00				$ 2.15
Repayment of stockholder related to Issuance of common shares					$ 1.22
Common stock, par value								$ 0.40
Common stock, shares issued								20,794,000
Additional Paid-in Capital \| Series A Preferred Stock
Issuance of Series A Preferred Stock			$ 1.00	$ 1.00
Additional Paid-in Capital \| Series A Preferred Conversion
Intrinsic value of aggregate shares of Common Stock issued on conversion of Series A Preferred Stock							5,063,000

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended		85 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
OPERATING ACTIVITIES
Net loss	$ (5,516)	$ (4,150)	$ (28,305)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of deferred finance cost	7	36	1,977
Stock-based compensation expense	337	240	1,642
Stock-based compensation expense related to Share Exchange			77
Depreciation and amortization	127	100	469
Loss from disposal of assets		20	20
Inventory Adjustments			139
Gain on sale of True Position investment			(903)
Changes in operating assets and liabilities
Inventories	(1,687)	5	(1,826)
Other current assets	72	(8)	(117)
Other assets			(2)
Accounts payable and accrued liabilities	391	194	576
Accrued Interest	(48)	7
NET CASH USED IN OPERATING ACTIVITIES	(6,317)	(3,556)	(26,253)
INVESTING ACTIVITIES
Purchase of equipment	(6)	(199)	(838)
Proceeds from sale of True Position investment			903
Payment received under Rule 16b			4
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES	(6)	(199)	69
FINANCING ACTIVITIES
Net cash provided in connection with the acquisition of SafeStitch LLC			3,192
Issuance of Common Stock, net of offering costs	8,318		17,280
Issuance of Preferred Stock, net of offering costs			3,980
Capital contributions			1,431
Proceeds from notes payable			141
Repayment of notes payable		(49)	(141)
Proceeds from stockholder loans	800	1,100	6,135
Repayment of stockholder loans	(2,975)		(5,751)
Exercise of options			35
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	6,143	1,051	26,302
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	180	(2,704)	118
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	298	3,032
CASH AND CASH EQUIVALENTS AT END OF PERIOD	118	$ 328	118
Supplemental disclosures:
Cash paid for interest	$ 91		155
Non cash activities:
Non-cash dividend upon issuance & conversion of Preferred Stock			5,001
Stock dividends			366
Stockholder loans contributed to capital			84
Warrants issued in connection with credit facility			$ 1,985

Basis of Presentation and Liquidity

9 Months Ended

Sep. 30, 2012

Basis of Presentation and Liquidity [Abstract]

BASIS OF PRESENTATION AND LIQUIDITY

NOTE 1 – BASIS OF PRESENTATION AND LIQUIDITY

The following (a) condensed consolidated balance sheet as of December 31, 2011, which has been derived from audited financial statements, and (b) the unaudited condensed consolidated interim financial statements of SafeStitch Medical, Inc. (“SafeStitch” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and the instructions to Form 10-Q and Rule 8-03 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the nine months ended September 30, 2012 are not necessarily indicative of results that may be expected for the year ending December 31, 2012. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto for the year ended December 31, 2011 included in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 30, 2012.

SafeStitch Medical, Inc. (together with its consolidated subsidiaries, “SafeStitch” or the “Company”) is a developmental stage medical device company focused on the development of medical devices that manipulate tissues for endoscopic and minimally invasive surgery for the treatment of obesity, gastroesophageal reflux disease (“GERD”), Barrett’s Esophagus, esophageal obstructions, upper gastrointestinal bleeding, hernia formation and other intraperitoneal abnormalities.

Cellular Technical Services Company, Inc. (“Cellular”), a non-operating public company, was incorporated in 1988 as NCS Ventures Corp. under the laws of the State of Delaware. On July 25, 2007 Cellular entered into a Share Transfer, Exchange and Contribution Agreement (the “Share Exchange”) with SafeStitch LLC, a Virginia limited liability company. On September 4, 2007, Cellular acquired all of the members’ equity interests in SafeStitch LLC in exchange for 11,256,369 shares of Cellular’s common stock, which represented a majority of Cellular’s outstanding shares immediately following the Share Exchange. Effective January 8, 2008, Cellular changed its name to SafeStitch Medical, Inc. and increased the aggregate number of shares of capital stock that may be issued from 35,000,000 to 250,000,000, comprising 225,000,000 shares of common stock, par value $0.001 per share (the “Common Stock”), and 25,000,000 shares of preferred stock, par value $0.01 per share. For accounting purposes, the acquisition has been treated as a recapitalization of SafeStitch LLC, with SafeStitch LLC as the acquirer (reverse acquisition). The historical financial statements prior to September 4, 2007 are those of SafeStitch LLC, which began operations on September 15, 2005. The accompanying financial statements give retroactive effect to the recapitalization as if it had occurred on September 15, 2005 (inception).

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. For the period from September 15, 2005 (inception) through September 30, 2012, the Company has accumulated a deficit of $28.3 million and has not generated positive cash flows from operations.

The Company has been dependent upon equity financing and loans from stockholders to meet its obligations and sustain operations. The Company’s efforts have been principally devoted to developing its technologies and commercializing its products. Based upon its current cash position, availability under the extended term of its $4.0 million Note and Security Agreement (the “Credit Facility”) with both The Frost Group LLC (“The Frost Group”) and the Company’s President and CEO, Jeffrey G. Spragens, and by monitoring its discretionary expenditures, management believes that the Company may be able to fund its existing operations through June 30, 2013 when the Credit Facility matures. However, given the short time period until the Credit Facility matures and the probable inability to pay back the amounts due at maturity on June 30, 2013, the Company is exploring more permanent or longer term financing alternatives.

The Company does not currently generate sufficient revenue from sales of the AMID™ Hernia Fixation Device (the “AMID HFD”) and external financing will therefore be necessary in order to fund the Company’s planned operations, including the continued development of our Intraluminal Gastroplasty Device for Obesity and GERD (“Gastroplasty Device”), and the anticipated expansion in 2013 of clinical trials for certain of the Company’s product candidates. The Company has taken several steps to preserve cash, including eliminating staff and focusing efforts solely on sales of the AMID HFD and development of our Gastroplasty Device. If adequate funds are not available, the Company may be required to delay, further reduce the scope of or eliminate its research and development programs, reduce its planned commercialization efforts or obtain funds through arrangements with collaborators or others that may require the Company to relinquish rights to certain product candidates that it might otherwise seek to develop or commercialize independently.

Although the Company is seeking to secure additional funds through the issuance of equity and/or debt, no assurance can be given that additional financing will be available to the Company on acceptable terms, or at all. Unless the Credit Facility Maturity Date is extended or replaced with similar terms, additional funding will be required to repay both the Credit Facility and to continue operations. This uncertainty, along with the Company’s limited remaining cash balances, raises substantial doubt about the Company’s ability to continue as a going concern.

The accompanying financial statements do not include any adjustments that might be necessary as a result of the outcome of such uncertainty. In addition to securing additional funds, the Company’s ability to continue as a going concern is ultimately dependent upon generating revenues from those products that do not require further marketing clearance by the U.S. Food and Drug Administration (“FDA”), obtaining FDA clearance to market its other product candidates, and achieving profitable operations and generating sufficient cash flows from operations to meet future obligations.

- Definition

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References + Details

Summary of Significant Accounting Policies

9 Months Ended

Sep. 30, 2012

Summary of Significant Accounting Policies [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Consolidation. The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Isis Tele-Communications, Inc., which has no current operations, and SafeStitch LLC. All inter-company accounts and transactions have been eliminated in consolidation.

Use of estimates. The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions, such as useful lives of property and equipment, that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.

Cash and cash equivalents. We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company holds cash and cash equivalent balances in banks and other financial institutions, and includes overnight repurchase agreements collateralizing its depository bank accounts (sweep accounts) in its cash balances. Balances in excess of Federal Deposit Insurance Corporation (“FDIC”) limitations may not be insured.

Allowances for Doubtful Accounts. The Company provides an allowance for receivables it believes it may not collect in full. Receivables are written off when they are deemed to be uncollectible and all collection attempts have ceased. The amount of bad debt recorded each period and the resulting adequacy of the allowance for doubtful accounts at the end of each period are determined using a combination of customer-by-customer analysis of the Company’s accounts receivable each period and subjective assessments of the Company’s future bad debt exposure.

Inventories. Inventories are stated at lower of cost or market using the weighted average cost method and are evaluated for impairment when conditions exist that suggests impairment may be necessary. The $1.7 million inventory balance at September 30, 2012 consists of $1.0 million in components, $664,000 in finished units of the AMID HFD and $19,000 in standard mesh. Scrap materials and quality testing costs are included in Cost of Goods Sold (“COGS”), as incurred. Provisions for potentially obsolete or slow-moving inventory are made based on management’s analysis of inventory levels, obsolescence and future sales forecasts.

Property and equipment. Property and equipment are carried at cost less accumulated depreciation. Major additions and improvements are capitalized, while maintenance and repairs that do not extend the lives of assets are expensed. Gain or loss, if any, on the disposition of fixed assets is recognized currently in operations. Depreciation is calculated primarily on a straight-line basis over estimated useful lives of the assets.

Revenue Recognition. Revenue from product sales is recognized when persuasive evidence of an arrangement exists, the goods are shipped and title has transferred, the price is fixed or determinable, and the collection of the sales proceeds is reasonably assured.

Advertising Costs. The Company expenses all costs of advertising as incurred. Advertising and promotional costs are included in selling, general and administrative costs and expenses for all periods presented, and totaled $22,000 and $106,000, respectively, for the three and nine months ended September 30, 2012. Advertising and promotional costs and expenses totaled $2,000 and $11,000, respectively, for the three and nine months ended September 30, 2011.

Research and development. Research and development costs principally represent salaries of the Company’s medical and biomechanical engineering professionals, material and shop costs associated with manufacturing product prototypes and payments to third parties for clinical trials and additional product development and testing. All research and development costs are charged to expense as incurred.

Patent costs. Costs incurred in connection with acquiring patent rights and the protection of proprietary technologies are charged to expense as incurred.

Stock-based compensation. The Company accounts for all share-based payments to employees and directors, based on their grant date fair values. Compensation for share-based payments to non-employees is based on the fair value at the measurement date, which is generally the performance completion date. The fair value is initially measured at the grant date and subsequently measured at each reporting period until the final measurement date. The fair value of the Company’s stock option awards is expensed over the vesting life of the underlying stock options using the graded vesting method, with each tranche of vesting options valued separately. Stock-based compensation is included in general and administrative costs and expenses for all periods presented.

Therapeutic discovery project tax credit. The Company records the therapeutic discovery project tax credit on an accrual basis when the credit is considered realized, which is generally when approved by the government agency. Such credit is reported as other income in the accompanying financial statements.

Fair value of financial instruments. The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and notes payable approximate fair value based on their short-term maturity. Related party receivables and stockholder loans are carried at cost.

Long-lived assets. The Company reviews the carrying values of its long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amounts of the assets may not be recoverable. Any long-lived assets held for disposal are reported at the lower of their carrying amounts or fair value less costs to sell.

Income taxes. The Company follows the liability method of accounting for income taxes, which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of the assets and liabilities. The Company’s policy is to record a valuation allowance against deferred tax assets, when the deferred tax asset is not recoverable. The Company considers estimated future taxable income or loss and other available evidence when assessing the need for its deferred tax valuation allowance.

Comprehensive income (loss). Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. The Company’s comprehensive net loss is equal to its net loss for all periods presented, and, as a result, no statement of comprehensive income (loss) has been included in the condensed consolidated financial statements.

Property and Equipment

9 Months Ended

Sep. 30, 2012

Property and Equipment [Abstract]

PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following:


	Estimated Useful Lives	September 30, 2012			December 31, 2011
Machinery and equipment	5 years	$	660,000		$	660,000
Furniture, fixtures and leasehold improvements	3-5 years		87,000			81,000
Software	3-5 years		57,000			57,000

			804,000			798,000
Accumulated depreciation and amortization			(455,000	)		(328,000	)

Property and equipment, net		$	349,000		$	470,000

Depreciation of fixed assets utilized in research and development activities is included in research and development costs and expenses. All other depreciation is included in selling, general and administrative costs and expenses. Depreciation and amortization expense was $43,000 and $127,000, respectively for the three and nine months ended September 30, 2012, and was $43,000 and $100,000, respectively for the three and nine months ended September 30, 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References + Details

Stock-Based Compensation

9 Months Ended

Sep. 30, 2012

Stock-Based Compensation [Abstract]

STOCK-BASED COMPENSATION

NOTE 4 – STOCK-BASED COMPENSATION

On November 13, 2007, the Board of Directors and a majority of the Company’s stockholders approved the SafeStitch Medical, Inc. 2007 Incentive Compensation Plan (the “2007 Plan”), which was amended on June 19, 2012 to increase the number of shares of Common Stock available for issuance to 5,000,000. Under the 2007 Plan, which is administered by the Compensation Committee, the Company may grant stock options, stock appreciation rights, restricted stock and/or deferred stock to employees, officers, directors, consultants and vendors up to an aggregate of 5,000,000 shares of Common Stock, which are fully reserved for future issuance. The exercise price of stock options or stock appreciation rights may not be less than the fair market value of the Company’s shares at the date of grant and, within any 12 month period, no person may receive stock options or stock appreciation rights for more than one million shares. Additionally, no stock options or stock appreciation rights granted under the 2007 Plan may have a term exceeding ten years.

The Company granted 813,500 and 562,500 stock options under the 2007 Plan during the nine months ended September 30, 2012 and 2011, respectively, including 218,000 and 68,000 stock options that were issued to consultants. The options granted during 2012 were issued at an exercise price ranging from $0.65 to $0.85 per share and had an estimated aggregate grant date fair value of $441,000. The options granted during 2011 were issued at an exercise price of $1.12 per share and had an estimated aggregate grant date fair value of $502,000. The weighted average grant date fair value of the options granted during the nine months ended September 30, 2012 and 2011 was $0.54 per share and $0.89 per share, respectively.

Total stock-based compensation recorded for the three and nine months ended September 30, 2012 was $113,000 and $336,000, respectively. Total stock-based compensation recorded for the three and nine months ended September 30, 2011 was $98,000 and $240,000, respectively. The stock-based compensation recorded for the nine months ended September 30, 2011 included a credit of $113,000 for a change in forfeiture experience. All stock-based compensation is included in selling, general and administrative costs and expenses. The fair values of options granted are estimated on the date of their grant using the Black-Scholes option pricing model based on the assumptions included in the table below. The fair value of the Company’s stock option awards is expensed over the vesting life of the underlying stock options using the graded vesting method, with each tranche of vesting options valued separately. Expected volatility is based on the historical volatility of the Common Stock. The risk-free interest rate for periods within the contractual life of the stock option award is based on the yield of U.S. Treasury bonds on the grant date with a maturity equal to the expected term of the stock option. The expected life of stock option awards granted to employees and non-employee directors is based upon the “simplified” method for “plain vanilla” options described in SEC Staff Accounting Bulletin No. 107, as amended by SEC Staff Accounting Bulletin No. 110. The expected life of all other stock option awards is the contractual term of the option. Forfeiture rates are based on management’s estimates. The fair value of each option granted during the nine months ended September 30, 2012 and 2011 was estimated using the following assumptions.


	Nine months ended September 30, 2012	Nine months ended September 30, 2011
Expected volatility	85.41% - 111.36%	76.91% - 102.63%
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	1.02% – 1.98%	2.25% – 3.25%
Expected life	5.5 – 10.0 years	5.5 – 10.0 years
Forfeiture rate	0% - 2%	0% - 5%

The following summarizes the Company’s stock option activity for the nine months ended September 30, 2012:


	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2011		1,628,167		$	1.35		6.26
Granted		813,500		$	0.66		9.39
Exercised		—			—
Canceled or expired		(237,667	)	$	1.99

Outstanding at September 30, 2012		2,204,000		$	1.02		7.09	$	0

Exercisable at September 30, 2012		990,875		$	1.24		5.41	$	0

Vested and expected to vest at September 30, 2012		2,155,239		$	1.03		7.05	$	0

None of the 813,500 options granted during the first nine months of the Company’s 2012 fiscal year were vested as of September 30, 2012. At September 30, 2012, there was approximately $333,000 of total unrecognized compensation cost related to non-vested employee and director share-based compensation arrangements. That cost is expected to be recognized over a weighted-average period of 1.53 years.

No options were exercised during the three and nine months ended September 30, 2012 and 2011.

No tax benefits were attributed to the stock-based compensation expense because a valuation allowance was maintained for substantially all net deferred tax assets.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Debt

9 Months Ended

Sep. 30, 2012

Debt [Abstract]

DEBT

NOTE 5 – DEBT

Credit Facility. In connection with the acquisition of SafeStitch LLC, the Company entered into a Note and Security Agreement (the “Credit Facility”) with both The Frost Group and Jeffrey G. Spragens, the Company’s Chief Executive Officer and President and a director. The Frost Group is a Florida limited liability company whose members include Frost Gamma Investments Trust (“Frost Gamma”), a trust controlled by Dr. Phillip Frost, the largest beneficial holder of the issued and outstanding shares of Common Stock, Dr. Jane H. Hsiao, the Company’s Chairman of the Board, and Steven D. Rubin, a director. The Credit Facility provides $4.0 million in total available borrowings, consisting of $3.9 million from The Frost Group and $100,000 from Mr. Spragens. The Company has granted a security interest in all present and subsequently acquired collateral in order to secure prompt, full and complete payment of the amounts outstanding under the Credit Facility. The collateral includes all assets of the Company, inclusive of intellectual property (patents, patent rights, trademarks, service marks, etc.). Outstanding borrowings under the Credit Facility accrue interest at a 10% annual rate. The Credit Facility had an initial term of 28 months, expiring in December 2009, and was amended on four occasions to extend the Maturity Date, which is now June 30, 2013.

In connection with the Credit Facility, the Company granted warrants to purchase an aggregate of 805,521 shares of Common Stock to The Frost Group and Mr. Spragens. The fair value of the warrants was determined to be $1,985,000 on the grant date based on the Black-Scholes valuation model using the following assumptions: expected volatility of 82%, dividend yield of 0%, risk-free interest rate of 4.88% and expected life of 10 years. The fair value of the warrants was recorded as deferred financing costs and is being amortized over the life of the Credit Facility. The Company recorded amortization expense related to these deferred financing costs of $2,000 and $7,000, respectively, for the three and nine months ended September 30, 2012 and $5,000 and $36,000, respectively, for the three and nine months ended September 30, 2011. In October 2012, The Frost Group and Mr. Spragens exercised the warrants for the purchase of 805,521 shares of Common Stock.

The Company borrowed $300,000 under the Credit Facility during September 2012. The Company did not recognized interest expense related to the outstanding borrowings under the Credit Facility for the three months ended September 30, 2012. The Company has a $300,000 outstanding balance and $3,700,000 available under the Credit Facility as of September 30, 2012.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Capital Transactions

9 Months Ended

Sep. 30, 2012

Capital Transactions [Abstract]

CAPITAL TRANSACTIONS

NOTE 6 – CAPITAL TRANSACTIONS

2012 Private Placement of Common Stock. On February 17, 2012, the Company entered into a stock purchase agreement (the “2012 Stock Purchase Agreement”) with 35 investors (the “2012 PIPE Investors”) pursuant to which the 2012 PIPE Investors agreed to purchase an aggregate of 20,794,000 shares of Common Stock (the “2012 PIPE Shares”) at a price of $0.40 per share for aggregate consideration of $8.3 million. Among the Investors purchasing Shares were Frost Gamma, Dr. Jane Hsiao, the Company’s Chairman of the Board, Jeffrey Spragens, the Company’s President and Chief Executive Officer and Richard Pfenniger, a member of the Company’s Board of Directors. Frost Gamma and Dr. Hsiao each purchased 4,500,000 shares, Mr. Spragens purchased 250,000 shares, and Mr. Pfenniger purchased 125,000 shares. The Company issued the 2012 PIPE Shares in reliance upon the exemption from registration under Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 of Regulation D promulgated thereunder.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
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Reference 2: http://www.xbrl.org/2003/role/presentationRef
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 17: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
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-Name Regulation S-X (SX)
-Number 210
-Section 08
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Reference 21: http://www.xbrl.org/2003/role/presentationRef
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-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
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Reference 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Basic and Diluted Net Loss Per Share

9 Months Ended

Sep. 30, 2012

Basic and Diluted Net Loss Per Share [Abstract]

BASIC AND DILUTED NET LOSS PER SHARE

NOTE 7 – BASIC AND DILUTED NET LOSS PER SHARE

Basic net loss per common share is computed by dividing net loss attributable to common stockholders by the weighted average number of common shares outstanding for the period reported. Diluted net loss per common share is computed giving effect to all dilutive potential common shares that were outstanding for the period reported. Diluted potential common shares consist of incremental shares issuable upon exercise of stock options and warrants and conversion of preferred stock. In computing diluted net loss per share for the three and nine months ended September 30, 2012 and 2011, no adjustment has been made to the weighted average outstanding common shares as the assumed exercise of outstanding options and warrants and conversion of preferred stock is anti-dilutive.

Potential common shares not included in calculating diluted net loss per share are as follows:


	September 30, 2012		September 30, 2011
Stock options		2,204,000		1,629,667
Stock warrants		805,521		805,521

Total		3,009,521		2,435,188

Commitments and Contingencies

9 Months Ended

Sep. 30, 2012

Commitments and Contingencies [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 8 – COMMITMENTS AND CONTINGENCIES

The Company is obligated under various operating lease agreements for office space. Generally, the lease agreements require the payment of base rent plus escalations for increases in building operating costs and real estate taxes. Rental expense under operating leases amounted to $76,000 and $209,000 for the three and nine months ended September 30, 2012, respectively, and $58,000 and $163,000 for the three and nine months ended September 30, 2011, respectively.

The Company is obligated to pay royalties to Creighton University (“Creighton”) on the sales of products licensed from Creighton pursuant to an exclusive license and development agreement (see Note 9). The Company is also obligated under an agreement with Dr. Parviz Amid to pay a 4% royalty to Dr. Amid on the sales of any product developed with Dr. Amid’s assistance, including the AMID HFD, for a period of ten years from the first commercial sale of such product. Royalties to Dr. Parviz Amid in the amount of $400 and $800 have been incurred during the three and nine months ended September 30, 2012, respectively. No royalties have been incurred or paid for the three and nine months ended September 30, 2011.

The Company has placed orders with various suppliers for the purchase of certain tooling, contract engineering and research services. Each of these orders has a duration or expected completion within the next twelve months. The Company currently has no material commitments with terms beyond twelve months.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Agreement with Creighton University

9 Months Ended

Sep. 30, 2012

Agreement With Creighton University [Abstract]

AGREEMENT WITH CREIGHTON UNIVERSITY

NOTE 9 – AGREEMENT WITH CREIGHTON UNIVERSITY

On May 26, 2006, SafeStitch LLC entered into an exclusive license and development agreement (the “Creighton Agreement”) with Creighton, granting the Company a worldwide exclusive (even as to the university) license, with rights to sublicense, to all the Company’s product candidates and associated know-how based on Creighton technology, including the exclusive right to manufacture, use and sell the product candidates.

Pursuant to the Creighton Agreement, the Company is obligated to pay Creighton, on a quarterly basis, a royalty of 1.5% of the revenue collected worldwide from the sale of any product licensed under the Creighton Agreement, less certain amounts including, without limitation, chargebacks, credits, taxes, duties and discounts or rebates. The Creighton Agreement does not provide for minimum royalties. Also pursuant to the Creighton Agreement, the Company agreed to invest, in the aggregate, at least $2.5 million over 36 months, beginning May 26, 2006, towards development of any licensed product. This $2.5 million investment obligation excluded the first $150,000 of costs related to the prosecution of patents, which the Company invested outside of the Creighton Agreement. The Company is further obligated to pay to Creighton an amount equal to 20% of certain of the Company’s research and development expenditures as reimbursement for the use of Creighton’s facilities. Failure to comply with the payment obligations above will result in all rights in the licensed patents and know-how reverting back to Creighton. As of December 31, 2007, the Company had satisfied the $2.5 million investment obligation described above. The Company recorded research and development costs and expenses related to the 20% facility reimbursement obligation totaling approximately $10,000 and $34,000, respectively for the three and nine months ended September 30, 2012, and $12,000 and $33,000, respectively, for the three and nine months ended September 30, 2011.

Income Taxes

9 Months Ended

Sep. 30, 2012

Income Taxes [Abstract]

INCOME TAXES

NOTE 10 – INCOME TAXES

The Company accounts for income taxes using the asset and liability method, the objective of which is to establish deferred tax assets and liabilities for the temporary differences between the financial reporting and the tax bases of the Company’s assets and liabilities at enacted tax rates expected to be in effect when such amounts are realized or settled. A valuation allowance related to deferred tax assets is recorded when it is more likely than not that some portion or all of the deferred tax assets will not be realized. All of the Company’s deferred tax assets have been fully reserved by a valuation allowance due to management’s uncertainty regarding the future profitability of the Company.

The Company has recognized no adjustment for uncertain tax provisions. SafeStitch recognizes interest and penalties related to uncertain tax positions in selling, general and administrative costs and expenses; however no such provisions for accrued interest and penalties related to uncertain tax positions have been recorded as of September 30, 2012 or December 31, 2011.

The tax years 2009-2011 remain open to examination by the major tax jurisdictions in which the Company operates.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

+ Details

Certain Relationships and Related Party Transactions

9 Months Ended

Sep. 30, 2012

Certain Relationships and Related Party Transactions [Abstract]

CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

NOTE 11 – CERTAIN RELATIONSHIPS AND RELATED PARTY TRANSACTIONS

As more fully described in Note 5, the Company entered into a $4.0 million Credit Facility with both Jeffrey G. Spragens, the Company’s President, Chief Executive Officer and director, and The Frost Group.

The Company entered into a five-year lease for office space in Miami, Florida with a company controlled by Dr. Frost. The non-cancelable lease, which commenced January 1, 2008, provides for a 4.5% annual rent increase over the life of the lease. The Miami office lease was amended in August 2011 to include additional office space in the same building, and current rental payments under the lease are approximately $19,000 per month. The Company recorded rent expense related to the Miami lease totaling approximately $73,000 and $198,000, respectively, for the three and nine months ended September 30, 2012, and $51,000 and $145,000, respectively, for the three and nine months ended September 30, 2011.

Dr. Hsiao, Dr. Frost and director Steven Rubin are each significant stockholders and/or directors of Non-Invasive Monitoring Systems, Inc. (“NIMS”), a publicly-traded medical device company, Aero Pharmaceuticals, Inc. (“Aero”), a privately-held pharmaceutical distribution company that dissolved in December 2011, Tiger X Medical, Inc. (“Tiger X”) (formerly known as Cardo Medical, Inc.), a publicly-traded former medical device company, and SearchMedia Holdings Limited (“SearchMedia”), a publicly-traded media company operating primarily in China, and Sorrento Therapeutics, Inc. (“Sorrento”), a publicly-traded development stage biopharmaceutical company. Director Richard Pfenniger is also a shareholder of NIMS. The Company’s Chief Financial Officer also serves as the Chief Financial Officer and supervises the accounting staffs of NIMS and, until its dissolution, Aero, under a Board-approved cost sharing arrangement whereby the total salaries of the accounting staffs of the three companies are shared. Aero has not participated in the cost sharing arrangement since June 30, 2011 and was dissolved in December 2011. Since December 2009, the Company’s Chief Legal Officer has served under a similar Board-approved cost sharing arrangement as Corporate Counsel of SearchMedia and as the Chief Legal Officer of each of NIMS and Tiger X, and from June 2011 through September 19, 2012, as Corporate Counsel for Sorrento. The Company has recorded reductions to selling, general and administrative costs and expenses to account for the sharing of costs under these arrangements of $51,000 and $154,000, respectively, for the three and nine months ended September 30, 2012, and $51,000 and $205,000, respectively, for the three and nine months ended September 30, 2011. Aggregate accounts receivable from NIMS, Aero, Tiger X, Sorrento and SearchMedia were approximately $45,000 and $66,000 as of September 30, 2012 and December 31, 2011, respectively.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39603-107864

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39622-107864

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 5
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 850
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph b
-Article 3A

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph k
-Article 4

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 57
-Paragraph 1-4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Employee Benefit Plans

9 Months Ended

Sep. 30, 2012

Employee Benefit Plans [Abstract]

EMPLOYEE BENEFIT PLANS

NOTE 12 – EMPLOYEE BENEFIT PLANS

Effective May 1, 2008, the SafeStitch 401(k) Plan (the “401k Plan”) permits employees to contribute up to 100% of qualified annual compensation up to annual statutory limitations. Employee contributions may be made on a pre-tax basis to a regular 401(k) account or on an after-tax basis to a “Roth” 401(k) account. The Company contributes to the 401k Plan a “safe harbor” match of 100% of each participant’s contributions to the 401k Plan up to a maximum of 4% of the participant’s qualified annual earnings. The Company recorded 401(k) Plan matching expense of approximately $23,000 and $37,000, respectively, for the three and nine months ended September 30, 2012 and $9,000 and $28,000, respectively, for the three and nine months ended September 30, 2011.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
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-Subparagraph m
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Summary of Significant Accounting Policies (Policies)	9 Months Ended
Summary of Significant Accounting Policies (Policies)	Sep. 30, 2012
Summary of Significant Accounting Policies [Abstract]
Consolidation	*Consolidation.* The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Isis Tele-Communications, Inc., which has no current operations, and SafeStitch LLC. All inter-company accounts and transactions have been eliminated in consolidation.
Use of estimates	*Use of estimates.* The preparation of financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”) requires management to make estimates and assumptions, such as useful lives of property and equipment, that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates.
Cash and cash equivalents	*Cash and cash equivalents*. We consider all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company holds cash and cash equivalent balances in banks and other financial institutions, and includes overnight repurchase agreements collateralizing its depository bank accounts (sweep accounts) in its cash balances. Balances in excess of Federal Deposit Insurance Corporation (“FDIC”) limitations may not be insured.
Allowances for Doubtful Accounts	*Allowances for Doubtful Accounts.* The Company provides an allowance for receivables it believes it may not collect in full. Receivables are written off when they are deemed to be uncollectible and all collection attempts have ceased. The amount of bad debt recorded each period and the resulting adequacy of the allowance for doubtful accounts at the end of each period are determined using a combination of customer-by-customer analysis of the Company’s accounts receivable each period and subjective assessments of the Company’s future bad debt exposure.
Inventories	*Inventories.* Inventories are stated at lower of cost or market using the weighted average cost method and are evaluated for impairment when conditions exist that suggests impairment may be necessary. The $1.7 million inventory balance at September 30, 2012 consists of $1.0 million in components, $664,000 in finished units of the AMID HFD and $19,000 in standard mesh. Scrap materials and quality testing costs are included in Cost of Goods Sold (“COGS”), as incurred. Provisions for potentially obsolete or slow-moving inventory are made based on management’s analysis of inventory levels, obsolescence and future sales forecasts.
Property and equipment	*Property and equipment.* Property and equipment are carried at cost less accumulated depreciation. Major additions and improvements are capitalized, while maintenance and repairs that do not extend the lives of assets are expensed. Gain or loss, if any, on the disposition of fixed assets is recognized currently in operations. Depreciation is calculated primarily on a straight-line basis over estimated useful lives of the assets.
Revenue Recognition	*Revenue Recognition.* Revenue from product sales is recognized when persuasive evidence of an arrangement exists, the goods are shipped and title has transferred, the price is fixed or determinable, and the collection of the sales proceeds is reasonably assured.
Advertising Costs	*Advertising Costs.* The Company expenses all costs of advertising as incurred. Advertising and promotional costs are included in selling, general and administrative costs and expenses for all periods presented, and totaled $22,000 and $106,000, respectively, for the three and nine months ended September 30, 2012. Advertising and promotional costs and expenses totaled $2,000 and $11,000, respectively, for the three and nine months ended September 30, 2011.
Research and development	*Research and development.* Research and development costs principally represent salaries of the Company’s medical and biomechanical engineering professionals, material and shop costs associated with manufacturing product prototypes and payments to third parties for clinical trials and additional product development and testing. All research and development costs are charged to expense as incurred.
Patent costs	*Patent costs.* Costs incurred in connection with acquiring patent rights and the protection of proprietary technologies are charged to expense as incurred.
Stock-based compensation	*Stock-based compensation.* The Company accounts for all share-based payments to employees and directors, based on their grant date fair values. Compensation for share-based payments to non-employees is based on the fair value at the measurement date, which is generally the performance completion date. The fair value is initially measured at the grant date and subsequently measured at each reporting period until the final measurement date. The fair value of the Company’s stock option awards is expensed over the vesting life of the underlying stock options using the graded vesting method, with each tranche of vesting options valued separately. Stock-based compensation is included in general and administrative costs and expenses for all periods presented.
Therapeutic discovery project tax credit	*Therapeutic discovery project tax credit.* The Company records the therapeutic discovery project tax credit on an accrual basis when the credit is considered realized, which is generally when approved by the government agency. Such credit is reported as other income in the accompanying financial statements.
Fair value of financial instruments	*Fair value of financial instruments.* The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued expenses and notes payable approximate fair value based on their short-term maturity. Related party receivables and stockholder loans are carried at cost.
Long-lived assets	*Long-lived assets.* The Company reviews the carrying values of its long-lived assets for possible impairment whenever events or changes in circumstances indicate that the carrying amounts of the assets may not be recoverable. Any long-lived assets held for disposal are reported at the lower of their carrying amounts or fair value less costs to sell.
Income taxes	*Income taxes.* The Company follows the liability method of accounting for income taxes, which requires the recognition of deferred tax liabilities and assets for the expected future tax consequences of temporary differences between the carrying amounts and the tax bases of the assets and liabilities. The Company’s policy is to record a valuation allowance against deferred tax assets, when the deferred tax asset is not recoverable. The Company considers estimated future taxable income or loss and other available evidence when assessing the need for its deferred tax valuation allowance.
Comprehensive income (loss).	*Comprehensive income (loss).* Comprehensive income (loss) is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources. The Company’s comprehensive net loss is equal to its net loss for all periods presented, and, as a result, no statement of comprehensive income (loss) has been included in the condensed consolidated financial statements.

Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2012

Property and Equipment [Abstract]

Summary of Property and equipment

Property and equipment consist of the following:


	Estimated Useful Lives	September 30, 2012			December 31, 2011
Machinery and equipment	5 years	$	660,000		$	660,000
Furniture, fixtures and leasehold improvements	3-5 years		87,000			81,000
Software	3-5 years		57,000			57,000

			804,000			798,000
Accumulated depreciation and amortization			(455,000	)		(328,000	)

Property and equipment, net		$	349,000		$	470,000

Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2012

Stock-Based Compensation [Abstract]

Summary of Share Based Compensation of Fair Value Assumptions

The fair value of each option granted during the nine months ended September 30, 2012 and 2011 was estimated using the following assumptions.


	Nine months ended September 30, 2012	Nine months ended September 30, 2011
Expected volatility	85.41% - 111.36%	76.91% - 102.63%
Expected dividend yield	0.00%	0.00%
Risk-free interest rate	1.02% – 1.98%	2.25% – 3.25%
Expected life	5.5 – 10.0 years	5.5 – 10.0 years
Forfeiture rate	0% - 2%	0% - 5%

Summary of Company's Stock Option activity

The following summarizes the Company’s stock option activity for the nine months ended September 30, 2012:


	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value
Outstanding at December 31, 2011		1,628,167		$	1.35		6.26
Granted		813,500		$	0.66		9.39
Exercised		—			—
Canceled or expired		(237,667	)	$	1.99

Outstanding at September 30, 2012		2,204,000		$	1.02		7.09	$	0

Exercisable at September 30, 2012		990,875		$	1.24		5.41	$	0

Vested and expected to vest at September 30, 2012		2,155,239		$	1.03		7.05	$	0

Basic and Diluted Net Loss Per Share (Tables)

9 Months Ended

Sep. 30, 2012

Basic and Diluted Net Loss Per Share [Abstract]

Summary of Potential Common Shares

Potential common shares not included in calculating diluted net loss per share are as follows:


	September 30, 2012		September 30, 2011
Stock options		2,204,000		1,629,667
Stock warrants		805,521		805,521

Total		3,009,521		2,435,188

Basis of Presentation and Liquidity (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	9 Months Ended
	Sep. 30, 2007	Sep. 30, 2012	Dec. 31, 2011	Jan. 08, 2008	Sep. 15, 2005
Basis of Presentation and Liquidity (Textual) [Abstract]
Common stock, shares authorized		225,000,000	225,000,000
Common Stock at Par value		$ 0.001	$ 0.001
Accumulated deficit					$ 28.3
Credit facility available Borrowing		$ 4.0
Maturity Date for line of Credit		Jun. 30, 2013
Maximum [Member]
Basis of Presentation and Liquidity (Textual) [Abstract]
Capital stock , share authorized				250,000,000
Minimum [Member]
Basis of Presentation and Liquidity (Textual) [Abstract]
Capital stock , share authorized				35,000,000
Common Stock [Member]
Basis of Presentation and Liquidity (Textual) [Abstract]
Common stock, shares authorized				225,000,000
Common Stock [Member] \| Cellular [Member]
Basis of Presentation and Liquidity (Textual) [Abstract]
Common stock, shares issued	11,256,369
Preferred Stock [Member]
Basis of Presentation and Liquidity (Textual) [Abstract]
Preferred Stock, Par value				$ 0.01
Preferred Stock, Share issued				25,000,000

Summary of Significant Accounting Policies (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		85 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Summary of Significant Accounting Policies (Textual) [Abstract]
Inventory Balance	$ 1,687,000		$ 1,687,000		$ 1,687,000
Components	1,000,000		1,000,000		1,000,000
Finished units	664,000		664,000		664,000
Standard mesh	19,000		19,000		19,000
Selling, General and Administrative costs and expenses	$ 822,000	$ 506,000	$ 2,803,000	$ 1,627,000	$ 11,799,000
Advertising and Promotional costs and expense		$ 2,000		$ 11,000

Property and Equipment (Details) - USD ($)	9 Months Ended
Property and Equipment (Details) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Summary of Property and equipment
Property and equipment, Gross	$ 804,000	$ 798,000
Accumulated depreciation and amortization	(455,000)	(328,000)
Property and equipment, net	$ 349,000	470,000
Machinery and Equipment [Member]
Summary of Property and equipment
Estimated Useful Lives	5 years
Property and equipment, Gross	$ 660,000	660,000
Furniture, Fixtures and Leasehold Improvements [Member]
Summary of Property and equipment
Property and equipment, Gross	$ 87,000	81,000
Furniture, Fixtures and Leasehold Improvements [Member] \| Maximum [Member]
Summary of Property and equipment
Estimated Useful Lives	5 years
Furniture, Fixtures and Leasehold Improvements [Member] \| Minimum [Member]
Summary of Property and equipment
Estimated Useful Lives	3 years
Software [Member]
Summary of Property and equipment
Property and equipment, Gross	$ 57,000	$ 57,000
Software [Member] \| Maximum [Member]
Summary of Property and equipment
Estimated Useful Lives	5 years
Software [Member] \| Minimum [Member]
Summary of Property and equipment
Estimated Useful Lives	3 years

Property and Equipment (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Property and Equipment (Details Textual) - USD ($)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Property and Equipment (Textual) [Abstract]
Depreciation and amortization expense	$ 43,000	$ 43,000	$ 127,000	$ 100,000

Stock-Based Compensation (Details)	9 Months Ended
Stock-Based Compensation (Details)	Sep. 30, 2012	Sep. 30, 2011
Summary of Share-Based Compensation of Fair Value Assumptions
Expected Volatility, Minimum	85.41%	76.91%
Expected Volatility, Maximum	111.36%	102.63%
Expected Dividend yield	0.00%	0.00%
Risk Free Interest Rate, Minimum	1.02%	2.25%
Risk Free Interest Rate, Maximum	1.98%	3.25%
Minimum Expected Term	5 years 6 months	5 years 6 months
Maximum Expected Term	10 years	10 years
Minimum Forfeiture Rate	0.00%	0.00%
Maximum Forfeiture Rate	2.00%	5.00%

Stock-Based Compensation (Details 1) - USD ($)	3 Months Ended		9 Months Ended		11 Months Ended
Stock-Based Compensation (Details 1) - USD ($)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 30, 2011
Summary of Company's Stock Option activity
Outstanding, Shares, Beginning Balance			1,628,167
Outstanding, Weighted Average Exercise Price, Beginning Balance			$ 1.35
Outstanding, Weighted Average Remaining Contractual Term, Beginning Balance			6 years 3 months 4 days
Granted, Shares			813,500	562,500
Granted, Weighted Average Exercise Price			$ 0.66		$ 1.12
Granted, Weighted Average Remaining Contractual Term			9 years 4 months 21 days
Exercised, Shares	0	0		0
Exercised, Weighted Average Exercise Price
Canceled or expired, Shares			(237,667)
Canceled or expired, Weighted Average Exercise Price			$ 1.99
Outstanding, Shares, Ending Balance	2,204,000		2,204,000
Outstanding, Weighted Average Exercise Price, Ending Balance	$ 1.02		$ 1.02
Outstanding, Weighted Average Remaining Contractual Term, Ending Balance	7 years 1 month 2 days		7 years 1 month 2 days
Outstanding, Intrinsic Value, Ending Balance	$ 0		$ 0
Exercisable, Shares	990,875		990,875
Exercisable, Weighted Average Exercise Price	$ 1.24		$ 1.24
Exercisable, Weighted Average Remaining Contractual Term	5 years 4 months 28 days		5 years 4 months 28 days
Exercisable, Intrinsic Value	$ 0		$ 0
Vested and expected to vest, Shares	2,155,239		2,155,239
Vested and expected to vest, Weighted Average Exercise Price	$ 1.03		$ 1.03
Vested and expected to vest, Weighted Average Remaining Contractual Term	7 years 18 days		7 years 18 days
Vested and expected to vest, Aggregate Intrinsic Value	$ 0		$ 0

Stock-Based Compensation (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		11 Months Ended	12 Months Ended
Stock-Based Compensation (Details Textual) - USD ($)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 30, 2011	Dec. 31, 2012	Jun. 19, 2012
Stock-Based Compensation (Textual) [Abstract]
Stock option granted			813,500	562,500
Stock option exercise price			$ 0.66		$ 1.12
Stock-Based Compensation (Additional Textual) [Abstract]
Common stock shares available for issuance							5,000,000
Period for conditional grant of award			12 months
Maximum number of Shares for which share awards can be granted			1,000,000
Stock option exceeding period			10 years
Estimated aggregate fair value of stock option			$ 441,000		$ 502,000
Weight average fair value of the options granted			$ 0.54	$ 0.89
Share-based Compensation Expense	$ 113,000	$ 98,000	$ 336,000	$ 240,000
Stock based compensation forfeiture experience recorded				$ 113,000
Number of options vested	0		0
Unrecognized compensation cost related to non vested employee and director share based compensation arrangement	$ 333,000		$ 333,000
Weighted average period for which cost is expected to be recognized			1 year 6 months 11 days
Stock option exercised	0	0		0
Tax benefits attributed to the stock-based compensation expense			$ 0
Consultants [Member]
Stock-Based Compensation (Textual) [Abstract]
Stock option granted			218,000	68,000
Minimum [Member]
Stock-Based Compensation (Textual) [Abstract]
Stock option exercise price						$ 0.65
Maximum [Member]
Stock-Based Compensation (Textual) [Abstract]
Stock option exercise price						$ 0.85

Debt (Details Textual) - USD ($)	3 Months Ended		9 Months Ended		85 Months Ended
Debt (Details Textual) - USD ($)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012
Line of Credit Facility (Textual) [Abstract]
Credit facility available Borrowing	$ 4,000,000		$ 4,000,000		$ 4,000,000
Credit facility accrue interest rate			10.00%
Credit facility initial term			28 months
Warrants granted to purchase aggregate common stock			805,521
Fair value of warrants			$ 1,985,000
Expected volatility			82.00%
Dividend yield			0.00%
Risk free interest rate			4.88%
Expected Life			10 years
Amortization expenses related to deferred financing cost	2,000	$ 5,000	$ 7,000	$ 36,000
Borrowing credit facility			300,000
Outstanding loans	300,000		300,000		300,000
Recognized interest expense related to outstanding borrowings		$ 7,000	43,000	$ 7,000	155,000
Remaining credit facility	3,700,000		3,700,000		3,700,000
The Frost Group [Member]
Line of Credit Facility (Textual) [Abstract]
Credit facility available Borrowing	3,900,000		3,900,000		3,900,000
Mr. Spragens [Member]
Line of Credit Facility (Textual) [Abstract]
Credit facility available Borrowing	100,000		$ 100,000		$ 100,000
Credit Facility [Member]
Line of Credit Facility (Textual) [Abstract]
Maturity date			Jun. 30, 2013
Recognized interest expense related to outstanding borrowings	$ 0

Capital Transactions (Details Textual) $ / shares in Units, $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 29, 2012 USD ($) $ / shares shares	Dec. 31, 2010 USD ($)	Dec. 31, 2008 USD ($)	Feb. 17, 2012 Investor
Capital Transactions (Textual) [Abstract]
Aggregate Consideration \| $		$ 4,974	$ 3,988
2012 PIPE investors [Member]
Capital Transactions (Textual) [Abstract]
Number of Investors \| Investor				35
Purchase of Common stock	20,794,000
Stock issued during period price per shares \| $ / shares	$ 0.40
Aggregate Consideration \| $	$ 8,300
2012 PIPE investors [Member] \| Chairman of Board [Member]
Capital Transactions (Textual) [Abstract]
Purchase of Common stock	4,500,000
2012 PIPE investors [Member] \| Chairman of Board 1 [Member]
Capital Transactions (Textual) [Abstract]
Purchase of Common stock	4,500,000
2012 PIPE investors [Member] \| Board of Directors [Member]
Capital Transactions (Textual) [Abstract]
Purchase of Common stock	125,000
2012 PIPE investors [Member] \| President and Chief Executive Officer [Member]
Capital Transactions (Textual) [Abstract]
Purchase of Common stock	250,000

Basic and Diluted Net Loss Per Share (Details) - shares	3 Months Ended		9 Months Ended
Basic and Diluted Net Loss Per Share (Details) - shares	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Summary of Potential Common Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share			3,009,521	2,435,188
Basic and Diluted Net Loss Per Share (Textual) [Abstract]
Weighted average outstanding common shares	0	0	0	0
Stock Options [Member]
Summary of Potential Common Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share			2,204,000	1,629,667
Stock Warrants [Member]
Summary of Potential Common Shares
Antidilutive Securities Excluded from Computation of Earnings Per Share			805,521	805,521

- Definition

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Commitments and Contingencies (Textual) [Abstract]
Operating Leases			$ 19,000
Creighton Royalty Agreement [Member]
Commitments and Contingencies (Textual) [Abstract]
Operating Leases	$ 76,000	$ 58,000	$ 209,000	$ 163,000
Percentage of royalty of specific product revenue			4.00%
Period of Royalty			10 years
Royalty Incurred	$ 400	$ 0	$ 800	$ 0
Period of supply agreement			12 months
Purchase obligation beyond next twelve months			$ 0

Agreement With Creighton University (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Agreement with Creighton University (Textual) [Abstract]
Percentage of royalty of product revenue			1.50%
Minimum investment under royalty agreement	$ 2,500,000		$ 2,500,000
Period for minimum investment under royalty agreement			36 months
Patent related under royalty agreement			$ 150,000
Reimbursement percentage of research and development expenses			20.00%
Research and development expense under royalty agreement	$ 10,000	$ 12,000	$ 34,000	$ 33,000

Income Taxes (Details Textual) - USD ($)	9 Months Ended
Income Taxes (Details Textual) - USD ($)	Sep. 30, 2012	Dec. 31, 2011
Income Taxes (Textual) [Abstract]
Uncertain tax provisions adjustment	$ 0
Provisions for accrued interest and penalties related to uncertain tax positions	$ 0	$ 0

Certain Relationships and Related Party Transactions (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011	Dec. 31, 2011
Certain Relationships And Related Party Transactions (Textual) [Abstract]
Credit facility	$ 4,000,000		$ 4,000,000
Lease period for office space			5 years
Percentage of annual rent increase of lease			4.50%
Current rental payments under the lease			$ 19,000
Reduction in selling general and administrative costs and expenses	51,000	$ 51,000	154,000	$ 205,000
Aggregate account receivable from NIMS	45,000		45,000		$ 66,000
Mr. Spragens and The Frost Group [Member]
Certain Relationships And Related Party Transactions (Textual) [Abstract]
Credit facility	4,000,000		4,000,000
Miami [Member]
Certain Relationships And Related Party Transactions (Textual) [Abstract]
Current rental payments under the lease	$ 73,000	$ 51,000	$ 198,000	$ 145,000

- Definition

The aggregate amount of receivables to be collected from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth, at the financial statement date. which are usually due within one year (or one business cycle).

+ References + Details

Employee Benefit Plans (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
Employee Benefit Plans (Details Textual) - USD ($)	Sep. 30, 2012	Sep. 30, 2011	Sep. 30, 2012	Sep. 30, 2011
Employee Benefit Plans (Textual) [Abstract]
Employee contribution to annual compensation			100.00%
Employer contribution matching plan			100.00%
Percentage of participant's qualified annual earnings			4.00%
Expenses recorded related to plan	$ 23,000	$ 9,000	$ 37,000	$ 28,000