EARNINGS (LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2011

EARNINGS (LOSS) PER SHARE [Abstract]

Basic and diluted earnings per share

All figures in USD	2011			2010			2009
Numerator:
Net Income (Loss)		(72,298,337	)		(809,130	)		1,012,240
Denominator:
Basic - Weighted Average Common Shares Outstanding		47,159,402			46,551,564			40,449,522
Dilutive Effect of Stock Options *		-			-			-
Dilutive – Weighted Average Common Shares Outstanding		47,159,402			46,551,564			40,449,522
Income (Loss) per Common Share:
Basic		(1.53	)		(0.02	)		0.03
Diluted		(1.53	)		(0.02	)		0.03

*In August 2009, the Company announced that it had cancelled all outstanding stock options. Following the cancellation described in Note 10, there are no more outstanding stock option under the Plan.