COMMITMENTS AND CONTINGENCIES (Tables)

9 Months Ended

Sep. 30, 2012

COMMITMENTS AND CONTINGENCIES [Abstract]

Future payments under lease agreement

The Company leases office facilities under an operating lease agreement that expires May 31, 2017.  As of September 30, 2012, the lease agreement requires future payments as follows:

Year	Amount
2012		21,750
2013		89,054
2014		91,432
2015		93,793
2016		96,162
2017		40,479
Total	$	432,670