Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Table)

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FAIR VALUE (Table)
9 Months Ended
Sep. 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:

 

September 30, 2012
Level 1 Level 2 Level 3 Fair Value
Liabilities:
Warrants $ - $ 21,628 $ - $ 21,628

 

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