SUBSEQUENT EVENTS

9 Months Ended

Sep. 30, 2013

SUBSEQUENT EVENTS [Abstract]

SUBSEQUENT EVENTS

NOTE 18 – SUBSEQUENT EVENTS

On October 21, 2013, the Company issued warrants to purchase up to 30,000 shares of common stock in a private placement transaction to a business consultant who will be assisting the Company in various product placement matters as partial consideration for services being rendered.  The per share exercise prices of the warrants will be determined based on the market price of the Company's common stock if and when certain targets are met; the warrants are exercisable through October 21, 2018.

On October 28, 2013, the Company entered into a consulting agreement with Steeltown Consulting Group, LLC pursuant to which Steeltown will assist in evaluating various business and financial matters.  This agreement will terminate on January 31, 2014.  The Company issued 220,000 shares to Steeltown in a private placement as consideration for the services being rendered.

On November 13, 2013, the Company announced the pricing of a registered public offering of up to 2,250,000 shares of common stock at $0.75 per share and warrants to purchase up to 1,687,500 shares of common stock.  For every share of common stock purchased in the public offering, the investor will receive a warrant to purchase three-quarters (3/4) of a share of common stock.  The warrants have an exercise price of $1.00 per share and a term of exercise of five years from date of issuance.  The net proceeds from this public offering will be used to fund the Company's working capital needs and other general corporate purposes.