Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

v2.4.0.6
FAIR VALUE (Tables)
6 Months Ended
Jun. 30, 2012
Fair Value Disclosures [Abstract]  
Fair Value, Liabilities Measured on Recurring Basis [Table Text Block]

Assets and liabilities measured at fair value on a recurring basis are summarized below:

 

    June 30, 2012  
    Level 1     Level 2     Level 3     Fair Value  
                         
Liabilities:                                
Warrants   $ -     $ 25,530     $ -     $ 25,530  

 

    December 31, 2011  
    Level 1     Level 2     Level 3     Fair Value  
                         
Liabilities:                                
Warrants   $ -     $ 23,305     $ -     $ 23,305