SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of weighted average shares outstanding used in calculating basic and diluted earnings per share

	2012		2011		2010
Basic Weighted Average Shares Outstanding		20,395,889		17,774,865		17,111,535
Effect of Dilutive Securities		-0-		-0-		-0-
Diluted Weighted Average Shares Outstanding		20,395,889		17,774,865		17,111,535

Summary of potentially dilutive securities

	2012	2011	2010
Stock Options	5,989,200	5,482,135	5,289,334
Range of Exercise Prices of Stock Options	$1.81 - $10.20	$0.55 - $10.20	$0.55 - $8.35
Common Share Purchase Warrants	2,233,240	2,607,440	3,338,569
Range of Exercise Prices of Warrants	$6.14 - $10.25	$6.14 - $10.25	$1.99 - $10.00
Unvested Restricted Common Shares	545,000	310,000	310,000