Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE (Tables)

v2.4.0.6
FAIR VALUE (Tables)
3 Months Ended
Mar. 31, 2013
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:

 

    March 31, 2013  
    Level 1     Level 2     Level 3     Fair Value  
                         
Liabilities:                                
Warrants   $ -     $ 5,727,261     $ -     $ 5,727,261  

 

    December 31, 2012  
    Level 1     Level 2     Level 3     Fair Value  
                         
Liabilities:                                
Warrants   $ -     $ 13,304     $ -     $ 13,304