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DERIVATIVE LIABILITIES (Tables)
 9 Months Ended
Sep. 30, 2012
DERIVATIVE LIABILITIES [Abstract]  
Components of derivative financial instruments
The following tabular presentation reflects the components of derivative financial instruments on the Company's balance sheet at September 30, 2012 and December 31, 2011:
 
 
9/30/2012
 
 
12/31/2011
 
Common stock warrants
 
$
17,517,142
 
 
$
8,829,215
 
Embedded conversion features
 
 
 
 
 
 
 
 
  -part of note discount or preferred stock
 
 
7,074,780
 
 
 
2,202,217
 
 
 
 
 
 
 
 
 
Total
 
$
24,591,922
 
 
$
11,031,432
 
 
 
 
 
 
 
 
 
Beginning Balance
 
$
11,031,432
 
 
$
13,528,355
 
Bifurcated Amount
 
 
-
 
 
 
3,386,697
 
Change in Derivative Liability
 
 
15,216,421
 
 
 
(3,396,298
)
Change in Derivative Liability - Conversion
 
 
(1,655,931
)
 
 
(2,487,322
)
 
 
 
 
 
 
 
 
Total
 
$
24,591,922
 
 
$
11,031,432